| 2019 LKR ’000 |
2018 LKR ’000 |
2017
LKR ’000 |
2016
LKR ’000 |
2015
LKR ’000 |
2014
LKR ’000 |
2013
LKR ’000 |
2012
LKR ’000 (Restated in 2013) |
2011
LKR ’000 (Restated in 2012 – Bank) |
2010
LKR ’000 (Bank) |
|
| Interest income | 15,079,324 | 13,146,787 | 10,829,333 | 8,177,187 | 6,609,248 | 4,850,170 | 4,389,385 | 3,782,126 | 3,017,607 | 2,940,692 |
| Interest expenses | (9,382,529) | (8,423,758) | (6,941,841) | (4,846,840) | (3,240,875) | (2,400,763) | (2,525,580) | (1,879,248) | (1,200,514) | (1,222,848) |
| Net interest income | 5,696,795 | 4,723,029 | 3,887,493 | 3,330,347 | 3,368,374 | 2,449,406 | 1,863,805 | 1,902,878 | 1,817,094 | 1,717,844 |
| Fee and commission income | 237,656 | 196,762 | 278,770 | 212,540 | 217,475 | 164,626 | 122,423 | 71,767 | 73,908 | 16,548 |
| Fee and commission expenses | (6,507) | (4,397) | (3,511) | (9,596) | (2,966) | (2,283) | (2,272) | (496) | (258) | (173) |
| Net fee and commission income | 231,150 | 192,365 | 275,258 | 202,944 | 214,510 | 162,343 | 120,151 | 71,271 | 73,650 | 16,375 |
| Net gains/(losses) from trading | 1,265 | – | – | – | – | – | – | – | – | – |
| Net gains/(losses) from financial instruments at fair value through profit or loss | 114,889 | 280,172 | 211,759 | 17,351 | 5,095 | 53,942 | 102,444 | (10,661) | (48,790) | 4,325 |
| Net other operating income/Other operating income | 90,969 | 20,811 | 50,845 | 40,046 | 52,027 | 168,428 | 63,289 | 52,012 | 22,145 | 62,368 |
| Total operating income | 6,135,068 | 5,216,378 | 4,425,356 | 3,590,687 | 3,640,005 | 2,834,119 | 2,149,689 | 2,015,500 | 1,864,099 | 1,800,913 |
| Impairment for loans and other losses | (917,434) | (525,844) | (293,537) | (125,044) | (49,594) | (204,390) | (324,621) | (60,866) | (27,231) | (64,615) |
| Net operating income | 5,217,634 | 4,690,534 | 4,131,819 | 3,465,643 | 3,590,410 | 2,629,730 | 1,825,068 | 1,954,634 | 1,836,868 | 1,736,298 |
| Personnel expenses | (2,116,348) | (1,827,073) | (1,474,146) | (1,266,115) | (1,114,754) | (767,848) | (540,777) | (447,637) | (399,026) | (268,760) |
| Depreciation and amortisation expenses | (431,193) | (224,260) | (191,577) | (176,032) | (148,829) | (147,918) | (164,925) | (212,210) | (176,091) | (176,091) |
| Other expenses | (1,420,073) | (1,526,132) | (1,364,051) | (1,113,816) | (942,628) | (772,510) | (703,625) | (681,625) | (570,170) | (443,163.89) |
| Operating profit before value added tax (VAT), nation building tax (NBT) and debt repayment levy (DRL) on financial services | 1,250,021 | 1,113,068 | 1,102,045 | 909,680 | 1,384,199 | 941,454 | 415,741 | 613,162 | 691,581 | 848,283 |
| Value added tax (VAT) on financial services* | (386,522) | (362,941) | (300,962) | (292,254) | (273,641) | (190,275) | (82,382) | (96,665) | (110,086) | (201,679) |
| Nation building tax (NBT) on financial services | (51,106) | (52,703) | (48,482) | – | – | – | – | – | – | – |
| Debt repayment levy (DRL) | (226,565) | (53,282) | – | – | – | – | – | – | – | – |
| Operating profit after VAT, NBT and DRL on financial services | 585,827 | 644,142 | 752,601 | 617,425 | 1,110,559 | 751,179 | 333,359 | 516,497 | 581,495 | 646,603 |
| Profit before tax | 585,827 | 644,142 | 752,601 | 617,425 | 1,110,559 | 751,179 | 333,359 | 516,497 | 581,495 | 646,603 |
| Tax expenses | (332,422) | (287,192) | (244,778) | (213,704) | (389,984) | (246,732) | (85,175) | (175,781) | (199,453) | (323,123) |
| Profit for the year | 253,405 | 356,950 | 507,824 | 403,722 | 720,575 | 504,447 | 248,184 | 340,716 | 382,042 | 323,480 |
| Other comprehensive income | ||||||||||
| Gains/(losses) on defined benefit plans | (41,588) | (45,995) | 2,885 | (49,639) | (2,688) | (27,091) | (5,464) | 12,733 | (1,865) | – |
| Deferred tax relating to defined benefit plans | 11,645 | 12,879 | (808) | 13,899 | 753 | 7,586 | 1,530 | (4,188) | – | – |
| Gains/(losses) on remeasuring financial assets measured at fair value through other comprehensive income | (3,210) | (3,388) | – | (12,454) | – | – | 1,973 | (27,621) | – | – |
| Other gains/(losses) for the year net of tax | (33,153) | (36,505) | 2,077 | (48,194) | (1,935) | (19,506) | (1,961) | (19,077) | (1,865) | – |
| Total comprehensive income for the year | 220,252 | 320,445 | 509,901 | 355,528 | 718,639 | 484,941 | 246,222 | 321,639 | 380,177 | 323,480 |
| Basic earnings per share on profit (LKR) | 4.50 | 6.34 | 9.87 | 9.60 | 17.90 | 13.36 | 9.39 | 13.73 | 15.78 | 19.95 |
* NBT on financial service expense is included in VAT on financial services expense up to the year 2016 and it is seperately recorded after the year 2017 onwards.
| 2019 LKR ’000 |
2018 LKR ’000 |
2017 LKR ’000 |
2016 LKR ’000 |
2015 LKR ’000 |
2014 LKR ’000 |
2013 LKR ’000 |
2012
LKR ’000 (Restated in 2013) |
2011 LKR ’000 (Restated in 2013 – Bank) |
2010
LKR ’000 (Restated in 2012 – Bank) |
|
| Assets | ||||||||||
| Cash and cash equivalents | 2,429,791 | 4,171,939 | 1,190,390 | 1,044,725 | 5,057,791 | 661,651 | 399,385 | 503,541 | 419,998 | 262,966 |
| Placements with banks | 5,628,095 | 9,528,426 | 6,014,704 | 6,919,027 | 4,757,401 | 2,223,162 | 2,530,598 | 2,070,307 | 1,603,884 | 613,754 |
| Financial assets fair value through profit or loss | 3,527,310 | 146,103 | 4,473,806 | 244,911 | – | – | 1,210,673 | 184,419 | 245,981 | 68,775 |
| Other financial asset classified under loans and receivables | – | – | 1,479,950 | 1,503,539 | 1,926,055 | 4,164,273 | 1,701,091 | 470,099 | 349,575 | 1,713,590 |
| Financial assets at amortised cost – loans and receivables to other customers | 85,823,335 | 77,507,021 | 66,687,416 | 53,632,539 | 45,830,499 | 32,060,498 | 22,116,645 | 19,712,033 | 16,602,735 | 12,513,906 |
| Financial assets at amortised cost – debt and other instruments | 6,998,925 | 3,405,600 | – | – | – | – | – | – | – | – |
| Financial assets measured at fair value through other comprehensive income | 56,939 | 60,148 | – | – | – | – | – | – | – | – |
| Financial investments – available for sale | – | – | 63,536 | 566,935 | 79,679 | 29,734 | 165,699 | 171,696 | 29,980 | 26,085 |
| Financial investments – held to maturity | – | – | 599,551 | 492,268 | 1,192,440 | 298,545 | 443,408 | 709,365 | 960,263 | 1,558,580 |
| Investments in subsidiaries | – | – | – | – | – | – | – | – | 200 | 250 |
| Asset classified as held for sale | – | – | 37,175 | 37,175 | 37,175 | – | – | – | – | – |
| Property, plant and equipment | 645,231 | 704,738 | 726,473 | 637,263 | 549,172 | 513,592 | 506,771 | 603,233 | 629,070 | 453,978 |
| Right-of-use assets | 651,271 | – | – | – | – | – | – | – | – | – |
| Investment properties | 21,279 | 22,335 | 23,391 | 24,447 | 25,503 | 26,559 | 27,615 | 28,671 | 29,727 | 30,783 |
| Intangible assets | 308,445 | 3,728 | 8,148 | 16,938 | 47,141 | 77,344 | 107,744 | 127,677 | 151,692 | 156,440 |
| Deferred tax assets | 232,482 | 69,415 | – | – | – | – | 40,081 | – | – | – |
| Other assets | 1,460,524 | 1,198,314 | 1,070,175 | 913,030 | 787,138 | 517,187 | 482,895 | 318,516 | 336,617 | 286,445 |
| Total assets | 107,783,624 | 96,817,767 | 82,374,713 | 66,032,799 | 60,289,994 | 40,572,547 | 29,732,605 | 24,899,556 | 21,359,722 | 17,685,551 |
| Liabilities | ||||||||||
| Due to other customers | 72,431,923 | 67,474,822 | 59,904,734 | 45,691,758 | 43,023,393 | 30,249,434 | 23,594,768 | 18,947,514 | 15,756,918 | 13,083,414 |
| Other borrowings | 20,299,718 | 15,420,968 | 8,827,610 | 9,482,950 | 6,600,339 | 4,602,233 | 1,878,643 | 1,557,329 | 1,538,767 | 1,342,040 |
| Debt securities issued | 1,014,034 | 4,198,548 | 4,189,812 | 4,182,653 | 3,979,111 | – | – | – | – | – |
| Subordinated term debts | 4,210,566 | 1,008,028 | 1,004,355 | – | – | – | – | – | – | – |
| Retirement benefit obligation | 479,575 | 354,854 | 257,476 | 212,494 | 127,307 | 108,056 | 67,706 | 52,571 | 55,306 | 17,311 |
| Current tax liabilities | 187,070 | 143,988 | 32,153 | 23,110 | 260,733 | 113,192 | – | 70,561 | 44,014 | 191,215 |
| Deferred tax liabilities | – | – | 58,000 | 46,629 | 66,411 | 53,513 | 46,005 | 24,122 | 18,433 | 22,752 |
| Other liabilities | 1,491,759 | 767,833 | 769,413 | 873,924 | 935,350 | 750,144 | 765,237 | 987,558 | 756,891 | 729,566 |
| Total liabilities | 100,114,645 | 89,369,040 | 75,043,553 | 60,513,519 | 54,992,643 | 35,876,573 | 26,352,358 | 21,639,655 | 18,170,328 | 15,386,299 |
| Equity | ||||||||||
| Stated capital | 5,921,538 | 5,921,538 | 5,758,689 | 4,062,962 | 3,794,095 | 3,533,545 | 2,526,532 | 2,526,532 | 2,427,532 | 1,820,268 |
| Statutory reserve fund | 228,282 | 215,611 | 197,764 | 172,373 | 154,596 | 118,664 | 94,417 | 82,106 | 65,070 | 47,803 |
| Retained earnings | 1,491,554 | 1,280,762 | 1,340,504 | 1,249,742 | 1,302,003 | 997,107 | 489,355 | 433,926 | 575,288 | 384,523 |
| Other reserves | 27,605 | 30,815 | 34,203 | 34,203 | 46,657 | 46,657 | 269,943 | 217,337 | 121,504 | 46,657 |
| Total equity | 7,668,979 | 7,448,727 | 7,331,160 | 5,519,280 | 5,297,351 | 4,695,974 | 3,380,247 | 3,259,901 | 3,189,394 | 2,299,252 |
| Total equity and liabilities | 107,783,624 | 96,817,767 | 82,374,713 | 66,032,799 | 60,289,994 | 40,572,547 | 29,732,605 | 24,899,556 | 21,359,722 | 17,685,551 |
| Contingent liabilities and commitments | 177,752 | 182,986 | 166,260 | 148,030 | 136,574 | 129,507 | 144,378 | 143,214 | 141,262 | 100,815 |
| Other information | ||||||||||
| Number of accounts (CIF numbers) | 1,384,175 | 1,310,198 | 1,230,406 | 1,131,355 | 1,068,345 | 992,782 | 903,476 | 858,454 | 697,227 | 585,508 |
| Number of customer centres | 94 | 94 | 91 | 88 | 87 | 82 | 82 | 81 | 79 | 72 |
| Number of employees | 1,475 | 1,504 | 1,363 | 1,248 | 1,198 | 1,004 | 856 | 823 | 884 | 735 |