BANK GROUP
As at 31 December Note 2013
LKR ’000		 2012
LKR ’000		 Change % 2013
LKR ’000		 2012
LKR ’000		 Change
%
Assets
Cash and cash equivalents 13 2,611,075 3,480,395 (25) 2,668,262 3,634,983 (27)
Balances with Central Bank 14 5,339,000 6,074,792 (12) 5,339,000 6,074,792 (12)
Placements with banks 15 130,751 3,559,354 (96) 130,751 3,559,354 (96)
Derivative financial instruments 16 1,149,541 1,706,372 (33) 1,149,541 1,706,372 (33)
Other financial assets held for trading 17 10,720,689 982,967 991 14,194,141 11,394,625 25
Loans and receivables to banks 18 641,628 1,183,343 (46) 641,628 1,183,343 (46)
Loans and receivables to other customers 19 136,821,532 115,992,359 18 136,881,713 116,039,035 18
Financial investments - loans and receivables 20 15,837,455 6,446,031 146 16,791,701 7,088,893 137
Financial investments - available-for-sale 21 5,982,450 66,714 8,867 6,167,450 173,541 3,454
Financial investments - held-to-maturity 22 17,602,249 19,257,271 (9) 18,460,591 19,223,228 (4)
Investments in subsidiary companies 23 2,037,585 2,641,178 (23) – – –
Investments in associate companies 24 61,967 18,525 235 76,744 33,301 130
Investment property 25 – – – 1,383,693 1,295,693 7
Intangible assets 26 260,425 272,314 (4) 296,678 318,723 (7)
Property, plant & equipment 27 872,890 856,195 2 1,176,491 1,222,500 (4)
Other assets 28 1,189,391 936,486 27 1,458,737 1,154,688 26
Total assets 201,258,628 163,474,296 23 206,817,121 174,103,071 19
LIABILITIES
Due to banks 29 10,453,086 2,319,984 351 10,453,086 2,319,984 351
Derivative financial instruments 16 817,310 1,736,838 (53) 817,310 1,736,838 (53)
Due to other customers 30 129,830,029 107,600,583 21 129,421,813 107,393,866 21
Debt securities issued and other borrowed funds 31 24,420,818 30,357,824 (20) 24,390,818 30,317,899 (20)
Tax liabilities 266,128 656,211 (59) 300,196 633,838 (53)
Deferred tax liabilities 32 312,432 79,874 291 324,451 79,120 310
Employee benefit liability 33 170,008 122,192 39 214,830 165,633 65
Other liabilities 34 3,685,665 3,403,690 8 3,850,289 3,491,742 9
Subordinated term debts 35 11,682,674 2,254,699 418 11,682,674 2,254,699 418
Total liabilities 181,638,150 148,531,895 22 181,455,467 148,393,619 22
EQUITY
Capital 36 1,172,904 1,093,095 7 943,746 863,937 9
Statutory Reserve Fund 37 958,527 878,718 9 958,527 878,718 9
Investment Fund Account 38 1,706,751 924,332 85 1,706,751 924,332 85
Available-for-sale reserve 39 106,669 – 100 150,614 – 100
Share based payment reserve 41 22,367 – 100 22,367 – 100
Retained earnings 40 15,653,260 12,046,256 30 20,731,801 22,216,054 (7)
Total equity to equity owners of the Bank 19,620,478 14,942,401 31 24,513,806 24,883,041 (2)
Non-controlling interests – – – 847,848 826,411 3
Total equity 19,620,478 14,942,401 31 25,361,654 25,709,452 (1)
Total liabilities and equity 201,258,628 163,474,296 23 206,817,121 174,103,071 19
Commitments and contingencies 46 177,200,240 158,740,820 12 177,200,240 158,740,820 12

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

 

Dhanan Senathirajah
Vice-President - Finance & Planning

 

Faizan Ozman
Chief Financial Officer

 

The Board of Directors is responsible for the preparation and presentation of these Financial Statements.

Signed for and on behalf of the Board.

 

Sunil G Wijesinha
Chairman

 

Rajendra Theagarajah
Chief Executive Officer

 

Shehani Ranasinghe
Company Secretary

13 February 2014

Significant Accounting Policies and Notes to the Financial Statements are an integral part of these Financial Statements.