Disclosure Requirements | Description | |
1. Information about the Significance of Financial Instruments for Financial Position and Performance | ||
1.1 | Statement of Financial Position |
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1.1.1 | Disclosures on categories of financial assets and financial liabilities. |
Note 24 to the financial statements - Measurement of financial instruments. |
1.1.2 | Other Disclosures |
Not designated. |
i. Special disclosures about financial assets and financial liabilities designated to be measured at fair value through profit or loss, including disclosures about credit risk and market risk, changes in fair values attributable to these risks and the methods of measurement. |
Note 5.2.1 - Designated fair value
Please refer Integrated risk management report |
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ii. Reclassifications of financial instruments from one category to another. |
Significant accounting policies:
Note 5.2.3 - Reclassification of financial instruments |
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iii. Information about financial assets pledged as collateral and about financial or non-financial assets held as collateral. |
Note 27 - Placements with banks |
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iv. Reconciliation of the allowance account for credit losses by class of financial assets. |
Notes to the financial statements:
Note 31.2 - Movement in specific and collective for allowance impairment |
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v. Information about compound financial instruments with multiple embedded derivatives. |
The Bank does not have compound financial instruments with multiple embedded derivatives. |
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vi. Breaches of terms of loan agreements. |
None |
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1.2 | Statement of Comprehensive Income |
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1.2.1 | Disclosures on items of income, expense, gains and losses. |
Notes 11 - 22 to the financial statements: |
1.2.2 | Other Disclosures |
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i. Total interest income and total interest expense for those financial instruments that are not measured at fair value through profit and loss. |
Notes to the financial statements:
Note 11 - Interest income |
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ii. Fee income and expense. |
Note 13 to the financial statements:
Net fees and commission income |
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iii. Amount of impairment losses by class of financial assets. |
Note 18 to the financial statements:
Impairment for loans and other losses. |
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iv. Interest income on impaired financial assets. |
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1.3 | Other Disclosures |
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1.3.1 | Accounting policies for financial instruments. |
Significant accounting policies:
Note 5.2.5 - Financial instruments - initial recognition, classification and subsequent measurement. |
1.3.2 | Information on hedge accounting. |
The Bank does not adopt hedge accounting. |
1.3.3 | Information about the fair values of each class of financial asset and financial liability, along with: |
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i. Comparable carrying amounts. |
Notes to the financial statements:
Note 63.3 to 63.4 - Fair value measurement |
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ii. Description of how fair value was determined. |
Notes to the financial statements:
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iii. The level of inputs used in determining fair value. |
Notes to the financial statements:
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iv. a. Reconciliations of movements between levels of
fair value measurement hierarchy. b. Additional disclosures for financial instruments |
There were no movements between levels of fair value hierarchy during the period under review. |
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v.;Information if fair value cannot be reliably measured. |
Notes to the financial statements:
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2. Information about the Nature and Extent of Risks Arising from Financial Instruments | ||
2.1 | Qualitative Disclosures |
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2.1.1 | Risk exposures for each type of financial instrument. |
Please refer the report on Integrated risk management. |
2.1.2 | Management’s objectives, policies, and processes for managing those risks. |
Please refer the section relating to Integrated risk managements objectives, policies and processes. |
2.1.3 | Changes from the prior period. |
Notes to the financial statements:
Note 36.4 - Restatement of comparative figures |
2.2 | Quantitative Disclosures |
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2.2.1 | Summary of quantitative data about exposure to each risk at the reporting date. |
Please refer the section relating to Integrated risk managements objectives, policies and processes. |
2.2.2 | Disclosures about credit risk, liquidity risk, market risk, operational risk, interest rate risk and how these risks are managed. |
Please refer the section relating to Integrated risk managements objectives, policies and processes. |
i. Credit Risk |
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a. Maximum amount of exposure (before deducting the value of collateral), description of collateral, information about credit quality of financial assets that are neither past due nor impaired and information about credit quality of financial assets. |
Note 31.1.3 on industry analysis. |
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b. For financial assets that are past due or impaired, disclosures on age, factors considered in determining as impaired and the description of collateral on each class of financial asset. |
Note 31.1.3 on industry analysis.
Note 64.2.2.1 & 64.2.2.3 on loans and advances and impairment analysis. |
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c. Information about collateral or other credit enhancements obtained or called. |
Note 64.2.2 Analysis of fair value of loans and advances. |
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d. For other disclosures, please refer Banking Act Direction No. 7 of 2011 on Integrated Risk Management Framework for Licensed Banks (Section H). |
The section on ‘Integrated risk management’. |
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ii. Liquidity Risk |
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a. A maturity analysis of financial liabilities. |
Notes to the financial statements:
Note 64.3.2.2 Maturity analysis of financial liabilities. |
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b. Description of approach to risk management. |
The section on ‘Integrated risk management’. |
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c. For other disclosures, please refer Banking Act Direction No. 7 of 2011 on Integrated Risk Management Framework for Licensed Banks (Section H). |
Please refer the section on ‘Integrated risk management’. |
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iii. Market Risk |
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a. A sensitivity analysis of each type of market risk to which the entity is exposed. |
Notes to the financial statements:
Note 64.4 - Market risk |
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b. Additional information, if the sensitivity analysis is not representative of the entity’s risk exposure. |
None |
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c. For other disclosures, please refer Banking Act Direction No. 7 of 2011 on Integrated Risk Management Framework for Licensed Banks (Section H). |
Please refer the section on ‘Integrated risk management’. |
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iv. Operational Risk |
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Please refer Banking Act Direction No. 7 of 2011 on Integrated Risk Management Framework for Licensed Banks (Section H). |
Notes to the financial statements:
Note 64.5 - Operational risk |
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v. Equity Risk in the Banking Book |
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a. Qualitative Disclosures |
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Notes to the financial statements:
Note 64.4.2.3 - Equity price risk |
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b. Quantitative Disclosures |
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Notes to the financial statements:
Note 32 - Financial investments - Available-for-sale Note 34 - Investments in subsidiaries Note 35 - Investments in associates Note 16 - Net gain/loss from financial investments |
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vi. Interest Rate Risk in the Banking Book |
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a. Qualitative Disclosures |
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Please refer the section on ‘Integrated risk management’. |
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b. Quantitative Disclosures |
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Please refer the section on ‘Integrated risk management’ and Note 64.4.2.1
Level of interest rate risk exposure in the banking book of DFCC is given in the interest rate sensitivity statement in the report on ‘Integrated risk management’. Based on the interest rate sensitivity position of DFCC as at 31st March 2015 (asset sensitive position), interest rates movement of 1% upward or downward (assumed parallel shift in the yield curve) would lead to an increase/decrease in Nil/economic value by royalty LKR 24 million. |
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2.2.3 | Information on concentrations of risk. |
Please refer the section on ‘Integrated risk management’. |
3. Other Disclosures | ||
3.1 | Capital |
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3.1.1 | Capital Structure |
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i. Qualitative Disclosures. |
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Summary information on the terms and conditions of the main features of all capital instruments, especially in the case of innovative, complex or hybrid capital instruments. |
Notes to the financial statements:
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ii. Quantitative Disclosure |
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a. The amount of Tier 1 capital, with separate
disclosure of:
b. The total amount of Tier 2 and Tier 3 capital c. Other deductions from capital d. Total eligible capital |
Notes to the financial statements:
Note 64.6.2 - Financial risk management |
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3.1.2 | Capital adequacy |
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i. Qualitative Disclosures |
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A summary discussion of the Bank’s approach to assessing the adequacy of its capital to support current and future activities. |
Please refer the section on ‘Integrated risk management’. |
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ii. Quantitative Disclosures |
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a. Capital requirements for credit risk, market risk and operational risk |
Please refer the section on ‘Integrated risk management’. |
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b. Total and Tier 1 capital ratio |
Please refer the section on ‘Integrated risk management’. |