Statement of Financial Position

		GROUP			BANK
As at December 31,	Note	2017 Rs. ’000	2016 Rs. ’000	Change %	2017 Rs. ’000	2016 Rs. ’000	Change %
Assets
Cash and cash equivalents	27	34,673,424	32,924,227	5.31	33,224,619	30,193,589	10.04
Balances with central banks	28	45,546,349	43,935,258	3.67	44,801,446	43,873,205	2.12
Placements with banks	29	17,633,269	11,718,499	50.47	17,633,269	11,718,499	50.47
Securities purchased under resale agreements		–	–	–	–	–	–
Derivative financial assets	30	2,334,536	1,052,829	121.74	2,334,536	1,052,829	121.74
Other financial instruments – Held for trading	31	4,410,913	4,987,798	(11.57)	4,410,913	4,987,798	(11.57)
Loans and receivables to banks	32	640,512	624,458	2.57	640,512	624,458	2.57
Loans and receivables to other customers	33	742,444,130	620,129,488	19.72	737,446,567	616,018,228	19.71
Financial investments – Available for sale	34	154,913,643	160,092,522	(3.23)	154,714,132	160,023,471	(3.32)
Financial investments – Held to maturity	35	69,365,796	63,626,598	9.02	63,562,752	60,981,298	4.23
Financial investments – Loans and receivables	36	48,712,477	51,824,026	(6.00)	48,712,477	51,824,026	(6.00)
Investments in subsidiaries	37	–	–	–	3,065,935	2,435,392	25.89
Investments in associates	38	109,844	108,859	0.90	44,331	44,331	–
Property, plant and equipment	39	16,317,044	11,569,666	41.03	14,634,710	10,307,825	41.98
Intangible assets	40	1,251,226	1,132,669	10.47	776,810	640,645	21.25
Leasehold property	41	104,516	105,968	(1.37)	72,594	73,536	(1.28)
Deferred tax assets	48	–	668,150	–	–	963,935	–
Other assets	42	17,362,977	16,482,559	5.34	17,298,162	16,438,166	5.23
Total assets		1,155,820,656	1,020,983,574	13.21	1,143,373,765	1,012,201,231	12.96
Liabilities
Due to banks	43	60,244,892	71,098,391	(15.27)	57,120,991	67,608,811	(15.51)
Derivative financial liabilities	44	3,678,494	1,515,035	142.80	3,678,494	1,515,035	142.80
Securities sold under repurchase agreements		49,532,385	69,628,961	(28.86)	49,676,767	69,867,469	(28.90)
Other financial liabilities – Held for trading		–	–	–	–	–	–
Due to other customers/deposits from customers	45	857,269,981	743,310,613	15.33	850,127,511	739,563,494	14.95
Other borrowings	46	23,786,094	9,270,154	156.59	23,786,094	9,270,154	156.59
Current tax liabilities	47	4,202,850	3,464,682	21.31	4,143,911	3,440,736	20.44
Deferred tax liabilities	48	3,565,215	–	–	3,274,826	–	–
Other provisions	49	–	1,874	–	–	1,874	–
Other liabilities	50	19,508,115	18,028,902	8.20	19,225,364	17,710,394	8.55
Due to subsidiaries	51	–	–	–	74,523	20,061	271.48
Subordinated liabilities	52	25,165,924	24,849,539	1.27	25,165,924	24,849,539	1.27
Total liabilities		1,046,953,950	941,168,151	11.24	1,036,274,405	933,847,567	10.97
Equity
Stated capital	53	37,143,541	24,978,003	48.71	37,143,541	24,978,003	48.71
Statutory reserves	55	6,492,552	5,647,993	14.95	6,476,952	5,647,890	14.68
Retained earnings	56	5,086,609	4,553,778	11.70	4,987,446	4,464,077	11.72
Other reserves	57	59,272,098	43,812,536	35.29	58,491,421	43,263,694	35.20
Total equity attributable to equity holders of the Bank		107,994,800	78,992,310	36.72	107,099,360	78,353,664	36.69
Non-controlling interest	58	871,906	823,113	5.93	–	–	–
Total equity		108,866,706	79,815,423	36.40	107,099,360	78,353,664	36.69
Total liabilities and equity		1,155,820,656	1,020,983,574	13.21	1,143,373,765	1,012,201,231	12.96
Contingent liabilities and commitments	59	565,277,821	498,568,500	13.38	564,794,885	498,304,527	13.34
Net assets value per ordinary share (Rs.)	60	108.44	88.68	22.28	107.54	87.97	22.25

The Notes appearing on this Annual Report form an integral part of these Financial Statements.

Certification
These Financial Statements have been prepared in compliance with requirements of the Companies Act No. 07 of 2007.

K D N Buddhipala

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,


K G D D Dheerasinghe Chairman	M P Jayawardena Deputy Chairman	J Durairatnam Managing Director	Mrs J R Gamage Company Secretary

February 23,
2018 Colombo