Financial Reports

Statement of Financial Position

BANK GROUP
As at 31 December Notes 2019
LKR ’000
2018
LKR ’000
2019
LKR ’000
2018
LKR ’000
Assets
Cash and cash equivalents 26 5,450,209 5,039,629 5,459,359 5,049,823
Balances with Central Bank of Sri Lanka 27 8,666,547 11,841,814 8,666,547 11,841,814
Placements with banks 28 165,030 425,087 200,441 439,727
Derivative financial assets 29 631,438 3,414,549 631,438 3,414,549
Financial assets measured at fair value through profit or loss 30 5,307,066 6,078,862 5,307,066 6,078,862
Financial assets at amortised cost –
Loans to and receivables from banks
31 8,403,175 12,854,880 8,403,175 12,854,880
Financial assets at amortised cost –
Loans to and receivables from other customers
32 272,818,311 249,733,718 272,818,311 249,733,718
Financial assets at amortised cost –
Debt and other instruments
33 21,743,857 22,874,088 21,743,857 22,874,088
Financial assets measured at fair value through other comprehensive income 34 72,716,407 55,313,553 72,716,407 55,313,553
Investments in subsidiaries 35 187,436 167,036
Investments in associate 36 35,270 35,270 31,293 31,107
Investments in joint venture 37 755,000 755,000 2,065,116 1,957,455
Investment property 38 9,879 9,879 466,977 496,559
Property, plant and equipment 39 3,230,843 1,620,375 3,312,641 1,718,904
Intangible assets and goodwill 40 1,184,659 668,834 1,362,149 842,514
Deferred tax asset 41 308,853 491,523 314,029 492,678
Other assets 42 3,283,300 3,583,781 3,372,786 3,621,780
Asset held for sale 43 40,000
Total assets 404,897,280 374,907,878 406,911,592 376,762,011
Liabilities
Due to banks 44 24,594,828 9,446,464 24,594,828 9,446,464
Derivative financial liabilities 29 518,731 121,373 518,731 121,373
Financial liabilities at amortised cost –
Due to depositors
45 247,786,974 242,237,596 247,457,696 241,914,870
Financial liabilities at amortised cost –
Due to other borrowers
46 47,307,556 47,413,727 47,307,556 47,388,679
Debt securities in issue 47 14,148,198 8,898,441 14,148,198 8,898,441
Retirement benefit obligation 48 561,104 408,704 586,351 433,315
Current tax liabilities 49 581,269 1,221,117 648,178 1,294,540
Deferred tax liability 41 96,714 90,402
Other liabilities 50 5,059,187 4,458,721 5,266,934 4,662,423
Subordinated term debt 51 16,859,914 16,855,352 16,859,914 16,855,352
Total liabilities 357,417,761 331,061,495 357,485,100 331,105,859
Equity
Stated capital 52 7,530,371 4,715,814 7,530,371 4,715,814
Statutory reserve 53 2,461,968 2,358,275 2,461,968 2,358,275
Retained earnings 54 18,228,086 17,187,262 21,278,288 20,107,150
Other reserves 55 19,259,094 19,585,032 17,892,900 18,216,689
Total equity attributable to
equity holders of the Bank
47,479,519 43,846,383 49,163,527 45,397,928
Non-controlling interests 56 262,965 258,224
Total equity 47,479,519 43,846,383 49,426,492 45,656,152
Total equity and liabilities 404,897,280 374,907,878 406,911,592 376,762,011
Contingent liabilities and commitments 57 130,590,400 137,143,668 130,590,400 137,143,668
Net asset value per share, LKR 156.09 165.40 161.62 171.25

The notes to the financial statements form part of these financial statements.

I certify that these financial statements comply with the requirements of the Companies Act No. 07 of 2007.

 

Chinthika Amarasekara
Chief Financial Officer

The Board of Directors is responsible for the preparations of these financial statements.

 

J Durairatnam
Chairman
Colombo
Lakshman Silva
Director and Chief Executive
 

18 February 2020

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