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