Financial Reports

Statement of Changes in Equity

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.

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