Statement of Financial Position

BANK GROUP
As at Notes 31.03.2015
LKR 000		 31.03.2014
LKR 000		 31.03.2015
LKR 000 		31.03.2014
LKR 000
Restated		 01.04.2013
LKR 000
Restated
Assets
Cash and cash equivalents 25 110,576 545,388 4,060,820 2,933,360 3,680,095
Balances with Central Bank 26 – – 2,616,406 2,870,492 2,620,510
Placements with banks 27 716,622 2,681,779 1,324,892 3,138,181 7,541,088
Derivative assets held for risk management 28 29,335 1,630 89,861 183,892 119,642
Other financial assets held-for-trading 29 1,469,166 1,017,980 1,469,166 1,971,916 403,716
Loans to and receivables from banks 30 484,067 1,233,617 3,563,647 5,547,821 3,847,861
Loans to and receivables from other customers 31 73,448,705 61,341,469 135,322,723 112,167,194 98,629,535
Financial investments - available-for-sale 32 27,823,496 25,073,488 45,826,878 39,901,586 27,573,595
Financial investments - held-to-maturity 33 2,085,921 535,958 10,872,287 1,073,703 75,022
Investments in subsidiaries 34 5,957,564 5,968,564 – – –
Investment in associate 35 35,270 35,270 63,960 54,164 53,467
Investment in joint venture 36 655,000 655,000 1,124,025 974,911 847,627
Due from subsidiaries 37 135,091 43,028 – – –
Investment properties 38 – – 186,070 183,281 169,485
Property, plant and equipment 39 351,207 453,015 1,051,932 1,089,188 997,792
Intangible assets 40 82,380 60,378 280,196 237,434 259,637
Goodwill on consolidation 41 – – 156,226 156,226 156,226
Government grant receivable 42 483,727 276,878 483,727 276,878 –
Deferred tax asset 43 – – 1,562 2,285 834
Income tax refund due – – 1,178 1,546 1,469
Prepayments 26,342 35,833 26,342 35,833 36,920
Other assets 44 717,125 982,007 2,088,401 2,195,403 2,265,024
Total assets 114,611,594 100,941,282 210,610,299 174,995,294 149,279,545
Liabilities
Due to banks 45 1,928,867 5,153,754 5,972,567 6,673,576 8,036,735
Derivative liabilities held for risk management 28 1,737 55,609 37,153 227,994 307,094
Due to other customers 46 22,484,652 16,630,363 92,711,793 80,917,356 62,878,401
Other borrowing 47 24,361,797 25,434,080 38,846,172 27,782,494 35,807,580
Debt securities issued 48 19,445,924 14,009,017 19,445,924 14,009,017 558,257
Current tax liability 53,211 157,615 191,598 242,848 179,826
Deferred tax liability 43 486,855 433,071 642,021 553,222 455,438
Government grant - deferred income 42 303,727 295,628 303,727 295,628 –
Other liabilities 49 840,156 752,695 2,586,927 2,228,987 2,322,670
Due to subsidiaries 50 31 – – – –
Subordinated term debt 51 609,373 609,373 1,609,664 1,609,674 1,609,690
Total liabilities 70,516,330 63,531,205 162,347,546 134,540,796 112,155,691
Equity
Stated capital 52 4,715,814 4,715,814 4,715,814 4,715,814 4,715,814
Statutory reserves 53 1,545,000 2,381,648 1,545,000 2,381,648 2,006,025
Retained earnings 54 6,541,651 4,089,601 12,755,357 9,163,494 7,594,136
Other reserves 55 31,292,799 26,223,014 28,892,700 23,859,814 22,498,324
Total equity attributable to equity holders of the Bank 44,095,264 37,410,077 47,908,871 40,120,770 36,814,299
Non-controlling interests – – 353,882 333,728 309,555
Total equity 44,095,264 37,410,077 48,262,753 40,454,498 37,123,854
Total equity and liabilities 114,611,594 100,941,282 210,610,299 174,995,294 149,279,545
Contingent liabilities and commitments 56 40,979,686 30,234,047 75,072,548 57,788,965 39,280,376
Net assets value per share, LKR 166.34 141.12 180.72 151.34 138.87

The notes to the financial statements form part of these financial statements.

I certify that these financial statements comply with the requirements of the Companies Act No. 07 of 2007.

Ms A Withana

Executive Vice President (Finance)

For and on behalf of the Board of Directors,

C R Jansz

Chairman

A R Fernando

Director and Chief Executive

Colombo

15 May 2015

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