Note | As at 31 March 2021 Rs. ’000 |
As at 31 March
2020 Rs. ’000 *Restated |
As at 1 April
2019
Rs. ’000 *Restated |
|
Assets | ||||
Cash and cash equivalents | 20 | 2,090,509 | 1,391,919 | 1,189,251 |
Financial assets measured at fair value through profit or loss (FVTPL) | 21 | 160,639 | 56,442 | 1,727,013 |
Derivative financial assets | 32 | 198,046 | – | – |
Loans and receivables to banks | 22 | 2,966,711 | 3,691,374 | 3,195,205 |
Deposits with financial institutions | 20 | 3,003,275 | 4,387,464 | 6,719,704 |
Loans and receivables to customers | 24 | 75,058,331 | 72,422,827 | 71,582,081 |
Other investment securities | 25 | 2,669,959 | 2,362,194 | 1,319,177 |
Investment property | 26 | 20,198 | 20,198 | 20,198 |
Property, plant and equipment | 27 | 3,090,338 | 2,950,554 | 2,384,016 |
Intangible assets | 28 | 116,476 | 92,837 | 97,838 |
Goodwill on amalgamation | 29 | 244,180 | 244,180 | 244,180 |
Right-of-use assets | 30 | 797,001 | 840,868 | – |
Other assets | 31 | 3,915,306 | 4,734,292 | 3,499,958 |
Total assets | 94,330,969 | 93,195,149 | 91,978,621 | |
Liabilities | ||||
Derivative financial liabilities | 32 | 13,142 | 60,440 | 363,153 |
Deposits from customers | 33 | 48,999,341 | 43,305,775 | 47,222,578 |
Debt securities issued | 34 | 5,089,839 | 5,092,096 | 3,980,483 |
Other interest-bearing borrowings | 35 | 21,719,986 | 27,505,136 | 26,473,852 |
Lease liabilities | 30 | 810,682 | 804,390 | – |
Current tax liabilities | 36 | 1,220,992 | 1,603,146 | 633,142 |
Deferred tax liabilities | 37 | 376,460 | 609,271 | 1,336,061 |
Retirement benefit obligation | 38 | 9,098 | 28,931 | 7,681 |
Other liabilities | 39 | 2,039,209 | 2,629,604 | 3,091,402 |
Total liabilities | 80,278,749 | 81,638,789 | 83,108,352 | |
Equity | ||||
Stated capital | 40 | 2,350,363 | 2,350,363 | 1,185,062 |
Reserves | 41 | 2,495,581 | 2,301,317 | 2,240,471 |
Retained earnings | 42 | 9,206,276 | 6,904,680 | 5,444,736 |
Total equity | 14,052,220 | 11,556,360 | 8,870,269 | |
Total liabilities and equity | 94,330,969 | 93,195,149 | 91,978,621 | |
Net assets value per share (Rs.) | 43 | 201.34 | 165.58 | 127.09 |
Contingencies and commitments | 44 | 2,704,783 | 503,323 | 269,613 |
* Comparative information as at 31 March 2020 and 1 April 2019 have been restated to reflect the effect of amalgamation. (Refer note 3)
The Notes to the Financial Statements on pages 144 to 248 form an integral part of these Financial Statements.
I certify that these Financial Statements have been prepared in compliance with the requirements of the Companies Act No. 07 of 2007 and Finance Business Act No. 42 of 2011.
Damith Tennakoon
Deputy CEO/Director/CFO
The Board of Directors is responsible for the preparation and the presentation of these Financial Statements.
Approved and signed for and on behalf of the Board.
C M Nanayakkara
Managing Director/CEO
J R Alastair Corera
Chairman
10 June 2021
Colombo