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 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 retain 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 for 2018 – Cash | – | – | – | – | – | (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 |
Balance as at 1 January 2020 | 7,530,371 | 2,461,968 | 5,704,644 | (225,389) | 13,779,839 | 18,228,086 | 47,479,519 |
Profit for the year | – | – | – | – | – | 2,388,035 | 2,388,035 |
Other comprehensive income/(expenses), net of tax | – | – | 306,180 | 1,294 | – | (64,063) | 243,411 |
Total comprehensive income for the year |
– | – | 306,180 | 1,294 | – | 2,323,972 | 2,631,446 |
Transfers | – | 122,000 | – | – | – | (122,000) | – |
Transfer of gains on disposal of equity investments at fair value through other comprehensive income to retain earnings | – | – | (128,013) | – | – | 128,013 | – |
Transactions with equity holders of the Bank, recognised directly in equity |
|||||||
Forfeiture of unclaimed dividends | – | – | – | – | – | 6,664 | 6,664 |
Final dividend for 2019 – Scrip | 152,094 | – | – | – | – | (152,094) | – |
Final dividend for 2019 – Cash | – | – | – | – | – | (760,472) | (760,472) |
Total contributions from and distribution to equity holders | 152,094 | – | – | – | – | (905,902) | (753,808) |
Balance as at 31 December 2020 | 7,682,465 | 2,583,968 | 5,882,811 | (224,095) | 13,779,839 | 19,652,169 | 49,357,157 |
The notes to the financial statements form part of these financial statements.
Attributable to the equity holders of the Bank | ||||||||||
Statutory reserves |
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 LKR ’000 |
|
Group | ||||||||||
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 | – | – | – | – | – | – | (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 expense, net of tax | – | – | (27,922) | (4,458) | (285,557) | – | (7,249) | (325,186) | (124) | (325,310) |
Total comprehensive (expense)/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 on disposal of equity investments at fair value through other comprehensive income to retain 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 2018 – Cash | – | – | – | – | – | – | (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 |
Balance as at 1 January 2020 | 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 |
Profit for the year | – | – | – | – | – | – | 2,744,961 | 2,744,961 | 101,824 | 2,846,785 |
Other comprehensive income/(expense) net of tax | – | – | 307,786 | 24,677 | 1,294 | – | (62,276) | 271,481 | (300) | 271,181 |
Total comprehensive (expense)/income for the year | – | – | 307,786 | 24,677 | 1,294 | – | 2,682,685 | 3,016,442 | 101,524 | 3,117,966 |
Transfers | – | 122,000 | – | – | – | – | (122,000) | – | – | – |
Transfer of gains on disposal of equity investments at fair value through other comprehensive income to retain earnings | – | – | (128,013) | – | – | – | 128,013 | – | – | – |
Transactions with equity holders of the Bank, recognised directly in equity | ||||||||||
Forfeiture of unclaimed dividends | – | – | – | – | – | – | 6,664 | 6,664 | – | 6,664 |
Final dividend for 2019 – Scrip | 152,094 | – | – | – | – | – | (152,094) | – | – | – |
Final dividend for 2019 – Cash | – | – | – | – | – | – | (760,472) | (760,472) | – | (760,472) |
Dividend distributed to non-controlling interest by subsidiaries | – | – | – | – | – | – | – | – | (81,900) | (81,900) |
Total contributions from and distribution to equity holders | 152,094 | – | – | – | – | – | (905,902) | (753,808) | (81,900) | (835,708) |
Balance as at 31 December 2020 | 7,682,465 | 2,583,968 | 4,439,846 | 103,054 | (224,095) | 13,779,839 | 23,061,084 | 51,426,161 | 282,589 | 51,708,750 |
The notes to the financial statements form part of these financial statements.