BANK		GROUP
As at 31 December	Note	2023 LKR ’000	2022 LKR ’000	2023 LKR ’000	2022 LKR ’000
Assets
Cash and cash equivalents	25	14,478,468	16,122,565	14,483,062	16,126,635
Balances with Central Bank of Sri Lanka	26	2,107,776	9,030,868	2,107,776	9,030,868
Placements with banks	27	29,138,098	15,224,692	29,173,988	15,242,493
Derivative financial assets	28	16,499,171	20,473,544	16,499,171	20,473,544
Financial assets measured at fair value through profit or loss	29	1,740,928	1,429,149	1,740,928	1,429,149
Financial assets at amortised cost – Loans to and receivables from other customers	30	348,767,466	369,072,030	348,767,466	369,072,030
Financial assets at amortised cost – Debt and other instruments	31	68,031,313	50,947,926	68,094,041	50,947,926
Financial assets measured at fair value through other comprehensive income	32	134,902,765	63,319,060	134,902,765	63,319,060
Investments in subsidiaries	33	237,035	237,035	–	–
Investment in associate	34	33,169	33,169	36,844	35,394
Investment in joint venture	35	755,000	755,000	4,402,238	3,577,701
Investment property	36	9,879	9,879	468,385	439,973
Property, plant and equipment	37	3,499,737	3,198,553	3,704,411	3,389,441
Intangible assets and goodwill	38	1,926,287	2,198,042	2,101,256	2,375,055
Deferred tax assets	39	5,407,626	4,137,828	5,415,426	4,143,535
Other assets	40	12,963,406	9,750,568	13,170,641	9,933,670
Total assets		640,498,124	565,939,908	645,068,398	569,536,474
Liabilities
Due to banks	41	52,793,464	15,857,994	52,793,464	15,857,994
Derivative financial liabilities	28	381,653	84,670	381,653	84,670
Financial liabilities at amortised cost – Due to depositors	42	407,225,313	370,314,026	406,584,864	369,746,855
Financial liabilities at amortised cost – Due to other borrowers	43	72,022,734	81,145,692	72,022,734	81,145,692
Debt securities in issue	44	16,311,577	16,304,115	16,311,577	16,304,115
Employee benefits	45	1,371,126	591,550	1,400,921	615,849
Current tax liabilities	46	4,426,683	2,479,562	4,535,557	2,575,008
Deferred tax liabilities	39	–	–	104,276	149,608
Other liabilities	47	9,152,343	10,041,361	9,485,315	10,335,890
Subordinated term debt	48	9,072,265	18,399,991	9,072,265	18,399,991
Total liabilities		572,757,158	515,218,961	572,692,626	515,215,672
Equity
Stated capital	50	13,866,557	13,182,025	13,866,557	13,182,025
Statutory reserve	51	3,239,968	2,874,968	3,239,968	2,874,968
Retained earnings	52	28,250,357	22,600,898	33,645,590	26,731,857
Other reserves	53	22,384,084	12,063,056	21,231,498	11,225,802
Total equity attributable to equity holders of the Bank		67,740,966	50,720,947	71,983,613	54,014,652
Non-controlling interests	54	–	–	392,159	306,150
Total equity		67,740,966	50,720,947	72,375,772	54,320,802
Total equity and liabilities		640,498,124	565,939,908	645,068,398	569,536,474
Contingent liabilities and commitments	55	193,992,770	169,132,507	193,992,770	169,132,507
Net assets value per share, LKR		160.54	125.96	170.60	134.14

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

Thimal Perera
Director/Chief Executive Officer

Colombo
19 February 2024