People’s Leasing & Finance PLC

Annual Report 2018/19

සිංහල  |  தமிழ்

9

Financial reports

Statement of Financial Position

Company Group
As at 31 March Note 2019
Rs. ’000
2018
Rs. ’000
Change
%
2019
Rs. ’000
2018
Rs. ’000
Change
%
Assets
Cash and cash equivalents 22 3,294,055 4,412,683 (25.35) 4,310,595 4,765,518 (9.55)
Balances with banks and financial institutions 23 3,404,533 4,370,473 (22.10) 7,375,423 8,758,715 (15.79)
Financial assets – Fair value through profit or loss/Held for trading 24 23,190 174,736 (86.73) 72,386 315,485 (77.06)
Loans and receivables 25 151,707,902 140,165,437 8.23 156,955,837 141,915,077 10.60
Insurance and reinsurance receivables 26 885,395 406,687 117.71
Financial assets – Fair value through other comprehensive income/Available for sale 27 125,651 219,132 (42.66) 125,651 219,132 (42.66)
Debt instrument at amortised cost/Held to maturity 28 8,002,625 4,889,641 63.66 9,091,945 6,013,963 51.18
Current tax receivables 41 89,849 (100.00) 89,849 (100.00)
Investments in subsidiaries 29 3,213,788 3,213,788
Investments in associate 30 237,633 586,427 (59.48) 237,633 423,439 (43.88)
Investment property 31 134,400 (100.00) 1,131,596 1,265,996 (10.62)
Property, plant and equipment 32 1,098,286 1,166,883 (5.88) 4,017,301 4,112,715 (2.32)
Goodwill and intangible assets 33 324,905 346,395 (6.20) 432,340 452,883 (4.54)
Leasehold property 34 84,065 87,131 (3.52) 84,065 87,131 (3.52)
Deferred tax assets 42 47,584 28,155 69.01
Other assets 35 1,024,644 833,619 22.92 1,164,884 1,301,155 (10.47)
Total assets 172,541,277 160,690,594 7.37 185,932,635 170,155,900 9.27
Liabilities
Due to banks 36 27,273,933 39,921,789 (31.68) 30,475,326 41,834,394 (27.15)
Due to customers 37 88,368,656 69,763,219 26.67 88,923,196 69,377,794 28.17
Debt securities issued 38 21,275,031 15,783,502 34.79 21,134,040 15,783,502 33.90
Other financial liabilities 39 2,480,377 4,645,818 (46.61) 2,464,936 4,473,552 (44.90)
Insurance liabilities and reinsurance payable 40 4,880,873 4,054,586 20.38
Current tax liabilities 41 2,238,257 100.00 2,323,647 62,673 3,607.57
Deferred tax liabilities 42 837,179 2,275,868 (63.21) 1,141,973 2,338,807 (51.17)
Other liabilities 43 1,464,489 1,270,576 15.26 1,606,686 1,376,451 16.73
Total liabilities 143,937,922 133,660,772 7.69 152,950,677 139,301,759 9.80
Equity
Stated capital 44 13,236,073 13,236,073 13,236,073 13,236,073
Statutory reserve fund 45 2,058,219 1,837,413 12.02 2,070,667 1,837,413 12.69
Retained earnings 46 13,361,805 11,502,165 16.17 15,198,424 13,167,172 15.43
Other reserves 47 (52,742) 454,171 (111.61) 207,274 448,413 (53.78)
Total equity attributable to equity holders of the Company 28,603,355 27,029,822 5.82 30,712,438 28,689,071 7.05
Non-controlling interest 48 2,269,520 2,165,070 4.82
Total equity 28,603,355 27,029,822 5.82 32,981,958 30,854,141 6.90
Total liabilities and equity 172,541,277 160,690,594 7.37 185,932,635 170,155,900 9.27
Contingent liabilities and commitments 52 7,775,864 7,470,875 4.08 7,788,708 7,623,364 2.17
Net asset value per ordinary share (Rs.) 53 18.10 17.11 5.82 20.88 19.53 6.90

The Notes appearing on this Annual Report form an integral part of these Financial Statements.

We certify that these Financial Statements have been prepared in compliance with the requirements of the Companies Act No. 07 of 2007.

Sanjeewa Bandaranayake
Chief Financial Officer
A S Ibrahim
Chief Executive Officer
   
The Board of Directors is responsible for these Financial Statements.
Approved and signed for and on behalf of the Board by:
 
Hemasiri Fernando
Chairman
M P Amirthanayagam
Deputy Chairman

13 June 2019

Close