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 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.

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