Financial Reports

STATEMENT OF FINANCIAL POSITION

Bank Group
As at 31 December Note Page 2016 2015 Change 2016 2015 Change
No. LKR ’000 LKR ’000 % LKR ’000 LKR ’000 %
Assets
Cash and cash equivalents 19 317 5,018,438 11,821,503 (58) 5,139,389 11,848,575 (57)
Balances with the Central Bank of Sri Lanka 20 317 11,815,277 6,999,898 69 11,815,277 6,999,898 69
Placements with banks 21 317 3,297,262 1,153,619 186 3,297,262 1,153,619 186
Derivative financial instruments 22 318 1,544,621 1,903,573 (19) 1,544,621 1,903,573 (19)
Financial assets held-for-trading 23 321 832,694 2,985,262 (72) 3,661,530 5,229,493 (30)
Loans and receivables to banks 24 321 37,032 102,632 (64) 37,032 102,632 (64)
Loans and receivables to other customers 25 322 227,639,844 209,602,069 9 227,679,939 209,665,561 9
Financial investments – loans and receivables 26 328 41,992,533 35,830,311 17 43,896,593 37,368,705 17
Financial investments – available-for-sale 27 329 31,500,020 28,501,518 11 31,899,259 28,964,820 10
Financial investments – held-to-maturity 28 330 4,137,601 4,436,973 (7) 4,946,120 5,660,868 (13)
Investments held-for-sale 29 330 18,526 18,526 – 33,302 33,302 –
Investments in subsidiary companies 30 331 2,115,850 2,104,117 1 – – –
Investments in associate companies 31 332 – – – – – –
Investment property 32 333 – – – 1,776,000 1,672,000 6
Intangible assets 33 334 368,083 240,234 53 384,742 274,746 40
Property, plant & equipment 34 335 2,078,570 2,030,005 2 2,528,258 2,454,883 3
Other assets 35 339 2,148,384 1,427,365 51 2,092,444 2,021,058 4
Total assets 334,544,735 309,157,605 8 340,731,768 315,353,733 8
Liabilities
Due to banks 36 340 17,124,944 11,620,003 47 17,124,944 11,620,003 47
Derivative financial instruments 22 318 474,770 639,272 (26) 474,770 639,272 (26)
Due to other customers 37 341 203,866,547 184,933,230 10 203,515,828 184,152,280 11
Debt securities issued and other borrowed funds 38 342 59,233,264 60,527,844 (2) 59,233,264 60,497,844 (2)
Tax liabilities 845,660 486,503 74 852,454 524,020 63
Deferred tax liabilities 39 343 791,791 702,378 13 744,880 712,823 4
Employee benefit liabilities 40 345 331,211 252,825 31 394,666 297,152 33
Other liabilities 41 349 7,684,997 7,720,809 – 7,931,165 7,935,739 –
Subordinated term debts 42 351 19,446,501 19,573,883 (1) 19,446,501 19,573,883 (1)
Total liabilities 309,799,685 286,456,747 8 309,718,472 285,953,016 8
Equity
Capital 43 352 1,246,479 1,242,772 – 1,246,479 1,162,963 7
Statutory reserve fund 44 353 1,246,479 1,242,772 – 1,246,479 1,242,772 –
Retained earnings 45 353 21,894,388 19,444,385 13 26,946,432 24,975,975 8
Other reserves 46 354 357,704 770,929 (54) 497,197 1,000,494 (50)
Total equity to equity holders of the Bank 24,745,050 22,700,858 9 29,936,587 28,382,204 5
Non-controlling interests 47 356 – – – 1,076,709 1,018,513 6
Total equity 24,745,050 22,700,858 9 31,013,296 29,400,717 5
Total liabilities and total equity 334,544,735 309,157,605 8 340,731,768 315,353,733 8
Commitments and contingencies 48 356 234,221,049 237,748,413 (1) 235,130,473 238,589,573 (1)
Net Asset Value per share (LKR) 49 358 149.80 137.44 9 181.23 172.35 5

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

     
 
Mrs. Suvendrini Muthukumarana
Assistant Vice-President – Finance & Planning		 Faizan Ozman
Group Chief Financial Officer		  
The Board of Directors is responsible for the preparation and presentation of these Financial Statements. Approved and Signed for and on behalf of the Board,
     
A W Atukorala
Director/Chairman		 P L D N Seneviratne
Director/Chief Executive Officer		 Mrs. Shehani Ranasinghe
Company Secretary
21 February 2017    

The Notes to the Financial Statements disclosed on this Annual Report form an integral part of these Financial Statements.

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