Statutory reserve | Other reserves | ||||||
Stated
capital LKR ’000 |
Reserve
fund LKR ’000 |
Fair value
reserve LKR ’000 |
Hedging
reserve LKR ’000 |
General
reserve LKR ’000 |
Retained
earnings LKR ’000 |
Total
equity LKR ’000 |
|
Bank | |||||||
Balance as at 1 January 2018 | 4,715,814 | 2,224,275 | 13,298,686 | – | 13,779,839 | 13,858,152 | 47,876,766 |
Adjustment on initial application of SLFRS 9, net of tax | – | – | (4,551,014) | – | – | 2,017,938 | (2,533,076) |
Restated balance as at 1 January 2018 | 4,715,814 | 2,224,275 | 8,747,672 | – | 13,779,839 | 15,876,090 | 45,343,690 |
Profit for the year | – | – | – | – | – | 2,768,179 | 2,768,179 |
Other comprehensive (expenses)/income, net of tax |
– | – | (2,939,974) | 60,168 | – | (2,666) | (2,882,472) |
Total comprehensive (expenses)/ income for the year | – | – | (2,939,974) | 60,168 | – | 2,765,513 | (114,293) |
Transfers | – | 134,000 | – | – | – | (134,000) | – |
Transfer of gains/(losses) on disposal/write-off of equity investments at fair value through other comprehensive income to retained earnings | – | – | (62,673) | – | – | 75 | (62,598) |
Transactions with equity holders of the Bank, recognised directly in equity | |||||||
Forfeiture of unclaimed dividends | – | – | – | – | – | 5,073 | 5,073 |
Final dividend approved on 19 February 2018 | – | – | – | – | – | (1,325,489) | (1,325,489) |
Total contributions from and distribution to equity holders | – | – | – | – | – | (1,320,416) | (1,320,416) |
Balance as at 31 December 2018 | 4,715,814 | 2,358,275 | 5,745,025 | 60,168 | 13,779,839 | 17,187,262 | 43,846,383 |
Balance as at 1 January 2019 | 4,715,814 | 2,358,275 | 5,745,025 | 60,168 | 13,779,839 | 17,187,262 | 43,846,383 |
Profit for the year | – | – | – | – | – | 2,073,868 | 2,073,868 |
Other comprehensive expenses, net of tax | – | – | (30,159) | (285,557) | – | (8,956) | (324,672) |
Total comprehensive (expenses)/income for the year | – | – | (30,159) | (285,557) | – | 2,064,912 | 1,749,196 |
Transfers | – | 103,693 | – | – | – | (103,693) | – |
Transfer of gains on disposal of equity investments at fair value through other comprehensive income to retained earnings | – | – | (10,222) | – | – | 10,222 | – |
Transactions with equity holders of the Bank, recognised directly in equity | |||||||
Rights issue | 2,814,557 | – | – | – | – | (9,250) | 2,805,307 |
Forfeiture of unclaimed dividends | – | – | – | – | – | 6,474 | 6,474 |
Final dividend approved on 18 February 2019 | – | – | – | – | – | (927,841) | (927,841) |
Total contributions from and distribution to equity holders | 2,814,557 | – | – | – | – | (930,617) | 1,883,940 |
Balance as at 31 December 2019 | 7,530,371 | 2,461,968 | 5,704,644 | (225,389) | 13,779,839 | 18,228,086 | 47,479,519 |
The notes to the financial statements form part of these financial statements.
Attributable to the equity holders of the Bank | ||||||||||
Statutory reserve |
Other reserves | |||||||||
Stated capital LKR ’000 |
Reserve fund LKR ’000 |
Fair value reserve LKR ’000 |
Exchange equalisation reserve LKR ’000 |
Hedging reserve LKR ’000 |
General reserve LKR ’000 |
Retained earnings LKR ’000 |
Total LKR ’000 |
Non- controlling interests LKR ’000 |
Total equity LKR ’000 |
|
Group | ||||||||||
Balance as at 1 January 2018 | 4,715,814 | 2,224,275 | 11,032,483 | 13,061 | – | 13,779,839 | 17,359,513 | 49,124,985 | 276,872 | 49,401,857 |
Adjustment on initial application of SLFRS 9, net of tax | – | – | (3,707,124) | – | – | – | 1,189,617 | (2,517,507) | – | (2,517,507) |
Restated balance at 1 January 2018 | 4,715,814 | 2,224,275 | 7,325,359 | 13,061 | – | 13,779,839 | 18,549,130 | 46,607,478 | 276,872 | 46,884,350 |
Profit for the year | – | – | – | – | – | – | 3,011,018 | 3,011,018 | 59,209 | 3,070,227 |
Other comprehensive (expenses)/income, net of tax |
– | – | (2,968,839) | 69,774 | 60,168 | – | (2,766) | (2,841,663) | 143 | (2,841,520) |
Total comprehensive (expense)/income for the year | – | – | (2,968,839) | 69,774 | 60,168 | – | 3,008,252 | 169,355 | 59,352 | 228,707 |
Transfers | – | 134,000 | – | – | – | – | (134,000) | – | – | – |
Transfer of gains/(losses) on disposal/write off of equity investments at fair value through other comprehensive income to retained earnings | – | – | (62,673) | – | – | – | 75 | (62,598) | – | (62,598) |
Transactions with equity holders of the Bank, recognised directly in equity | ||||||||||
Forfeiture of unclaimed dividends | – | – | – | – | – | – | 5,073 | 5,073 | – | 5,073 |
Change in holding through joint venture | – | – | – | – | – | – | 4,109 | 4,109 | – | 4,109 |
Final dividend approved on 19 February 2018 | – | – | – | – | – | – | (1,325,489) | (1,325,489) | – | (1,325,489) |
Dividend distributed to non-controlling interest by subsidiaries | – | – | – | – | – | – | – | – | (78,000) | (78,000) |
Total contributions from and distribution to equity holders | – | – | – | – | – | – | (1,316,307) | (1,316,307) | (78,000) | (1,394,307) |
Balance as at 31 December 2018 | 4,715,814 | 2,358,275 | 4,293,847 | 82,835 | 60,168 | 13,779,839 | 20,107,150 | 45,397,928 | 258,224 | 45,656,152 |
Balance as at 1 January 2019 | 4,715,814 | 2,358,275 | 4,293,847 | 82,835 | 60,168 | 13,779,839 | 20,107,150 | 45,397,928 | 258,224 | 45,656,152 |
Adjustment on initial application of SLFRS 16, net of tax (Note 6.4) | – | – | – | – | – | – | (6,717) | (6,717) | – | (6,717) |
Restated balance at 1 January 2019 | 4,715,814 | 2,358,275 | 4,293,847 | 82,835 | 60,168 | 13,779,839 | 20,100,433 | 45,391,211 | 258,224 | 45,649,435 |
Profit for the year | – | – | – | – | – | – | 2,213,529 | 2,213,529 | 86,765 | 2,300,294 |
Other comprehensive expenses, net of tax |
– | – | (27,922) | (4,458) | (285,557) | – | (7,249) | (325,186) | (124) | (325,310) |
Total comprehensive (expenses)/income for the year | – | – | (27,922) | (4,458) | (285,557) | – | 2,206,280 | 1,888,343 | 86,641 | 1,974,984 |
Transfers | – | 103,693 | – | – | – | – | (103,693) | – | – | – |
Transfer of gains/(losses) on disposal of equity investments at fair value through other comprehensive income to retained earnings | – | – | (5,852) | – | – | – | 5,852 | – | – | – |
Transactions with equity holders of the Bank, recognised directly in equity | ||||||||||
Rights issue | 2,814,557 | – | – | – | – | – | (9,250) | 2,805,307 | – | 2,805,307 |
Forfeiture of unclaimed dividends | – | – | – | – | – | – | 6,474 | 6,474 | – | 6,474 |
Change in holding through joint venture | – | – | – | – | – | – | 33 | 33 | – | 33 |
Final dividend approved on 18 February 2019 | – | – | – | – | – | – | (927,841) | (927,841) | – | (927,841) |
Dividend distributed to non-controlling interest by subsidiaries | – | – | – | – | – | – | – | – | (81,900) | (81,900) |
Total contributions from and distribution to equity holders | 2,814,557 | – | – | – | – | – | (930,584) | 1,883,973 | (81,900) | 1,802,073 |
Balance as at 31 December 2019 | 7,530,371 | 2,461,968 | 4,260,073 | 78,377 | (225,389) | 13,779,839 | 21,278,288 | 49,163,527 | 262,965 | 49,426,492 |
The notes to the financial statements form part of these financial statements.