Financial Reports

Statement of Financial Position

		BANK		GROUP
As at 31 December	Notes	2020 LKR ’000	2019 LKR ’000	2020 LKR ’000	2019 LKR ’000
Assets
Cash and cash equivalents	26	7,724,364	5,450,209	7,728,969	5,459,359
Balances with Central Bank of Sri Lanka	27	4,901,753	8,666,547	4,901,753	8,666,547
Placements with banks	28	15,414,287	165,030	15,431,962	200,441
Derivative financial assets	29	835,464	631,438	835,464	631,438
Financial assets measured at fair value through profit or loss	30	609,717	5,307,066	609,717	5,307,066
Financial assets at amortised cost – Loans to and receivables from banks	31	4,152,717	–	4,152,717	–
Financial assets at amortised cost – Loans to and receivables from other customers	32	301,909,337	272,818,311	301,909,337	272,818,311
Financial assets at amortised cost – Debt and other instruments	33	31,604,175	30,147,032	31,604,175	30,147,032
Financial assets measured at fair value through other comprehensive income	34	88,718,002	72,716,407	88,718,002	72,716,407
Investments in subsidiaries	35	217,436	187,436	–	–
Investments in associate	36	35,270	35,270	31,699	31,293
Investments in joint venture	37	755,000	755,000	2,449,262	2,065,116
Investment property	38	9,879	9,879	345,857	466,977
Property, plant and equipment	39	3,406,600	3,230,843	3,587,019	3,312,641
Intangible assets and goodwill	40	1,713,052	1,184,659	1,884,806	1,362,149
Deferred tax asset	41	–	308,853	2,919	314,029
Other assets	42	3,070,234	3,283,300	3,153,277	3,372,786
Asset held for sale	43	–	–	19,600	40,000
Total assets		465,077,287	404,897,280	467,366,535	406,911,592
Liabilities
Due to banks	44	14,909,937	24,594,828	14,909,937	24,594,828
Derivative financial liabilities	29	267,883	518,731	267,883	518,731
Financial liabilities at amortised cost – Due to depositors	45	310,026,892	247,786,974	309,566,423	247,457,696
Financial liabilities at amortised cost – Due to other borrowers	46	46,847,076	47,307,556	46,847,076	47,307,556
Debt securities in issue	47	16,291,279	14,148,198	16,291,279	14,148,198
Employee retirement benefits	48	643,118	561,104	671,041	586,351
Current tax liabilities	49	1,012,645	581,269	1,081,864	648,178
Deferred tax liability	41	243,949	–	341,691	96,714
Other liabilities	50	6,119,854	5,059,187	6,323,094	5,266,934
Subordinated term debt	51	19,357,497	16,859,914	19,357,497	16,859,914
Total liabilities		415,720,130	357,417,761	415,657,785	357,485,100
Equity
Stated capital	52	7,682,465	7,530,371	7,682,465	7,530,371
Statutory reserve	53	2,583,968	2,461,968	2,583,968	2,461,968
Retained earnings	54	19,652,169	18,228,086	23,061,084	21,278,288
Other reserves	55	19,438,555	19,259,094	18,098,644	17,892,900
Total equity attributable to equity holders of the Bank		49,357,157	47,479,519	51,426,161	49,163,527
Non-controlling interests	56	–	–	282,589	262,965
Total equity		49,357,157	47,479,519	51,708,750	49,426,492
Total equity and liabilities		465,077,287	404,897,280	467,366,535	406,911,592
Contingent liabilities and commitments	57	130,764,147	130,590,400	130,764,147	130,590,400
Net asset value per share, LKR		161.30	156.09	168.06	161.62

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 preparation of these financial statements.

For and on behalf of the Board of Directors,

J Durairatnam
Chairman

Lakshman Silva
Director and Chief Executive

Colombo

17 February 2021