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HIGHLIGHTS – FINANCIAL AND NON-FINANCIAL

Financial Highlights

    GROUP   BANK
    2017 2016 Change %   2017 2016 Change %
Results for the year (Rs. Bn.)
Gross income   116.842 93.726 24.66   115.594 93.143 24.10
Profit before Financial VAT and Taxation   28.173 23.824 18.25   28.064 23.755 18.14
Profit before taxation (PBT)   23.280 20.115 15.73   23.183 20.051 15.62
Income tax expenses   6.654 5.648 17.81   6.602 5.539 19.19
Profit after taxation (PAT)   16.627 14.466 14.94   16.581 14.513 14.25
Revenue to the Government   11.617 9.436 23.11   11.516 9.385 22.71
Gross dividends   6.477 5.800 11.16   6.477 5.800 11.16
Position at the year end (Rs. Bn.)
Shareholders’ funds (Stated capital and reserves)   107.995 78.992 36.72   107.099 78.354 36.69
Deposits from customers   857.270 743.311 15.33   850.128 739.563 14.95
Gross loans and advances   760.454 637.983 19.20   754.708 633.391 19.15
Total Assets   1,155.821 1,020.984 13.21   1,143.374 1,012.201 12.96
Information per ordinary share (Rs.)
Earnings (Basic)   17.28 15.80 9.37   17.26 15.81 9.17
Earnings (Diluted)   17.27 15.77 9.51   17.24 15.77 9.26
Dividends – Cash   – – –   4.50 4.50 –
Dividends – Shares   – – –   2.00 2.00 –
Net assets value   108.44 88.68 22.28   107.54 87.97 22.25
Market value at the year-end – Voting   N/A N/A –   135.80 140.20 (3.14)
Market value at the year-end – Non-voting   N/A N/A –   105.00 123.00 (14.63)
Ratios
Return on average shareholders’ funds (%)   17.78 19.29 (1.51)   17.88 19.52 (1.64)
Return on average assets (%)   1.53 1.52 0.01   1.54 1.53 0.01
Price earnings (times) – Ordinary voting shares   N/A N/A     8.16 8.61 (5.23)
Price earnings (times) – Ordinary non-voting shares   N/A N/A     6.31 7.55 (16.42)
Year-on-year growth in earnings (%)   14.93 21.98 (7.05)   14.25 21.92 (7.67)
Dividend yield (%) – Ordinary voting shares   N/A N/A     4.79 4.64 0.15
Dividend yield (%) – Ordinary non-voting shares   N/A N/A     6.19 5.28 0.91
Dividend cover on Ordinary shares (times)   N/A N/A     2.56 2.50 2.40
Statutory ratios:
Liquid assets (%)   N/A N/A –   27.64 27.41 0.23
Capital adequacy Ratios: (Under Basel II)
Tier 1 ratio (%) – Minimum requirement 5%   – 10.47 –   – 10.37 –
Total capital ratio (%) – Minimum requirement 10%   – 14.91 –   – 14.87 –
Capital Adequacy Ratios (Under Basel III)
Common Equity Tier 1 Capital Ratio (%) – Minimum requirement 6.25%   12.12 – –   12.11 – –
Tier 1 ratio (%) – Minimum requirement 7.75%   12.12 – –   12.11 – –
Total capital ratio (%) – Minimum requirement 11.75%   15.70 – –   15.75 – –

Financial Goals and Achievements – Bank

Financial indicator   Goal Achievement
      2017 2016 2015 2014 2013
Return on average assets (ROA) (%)   Over 2 1.54 1.53 1.42 1.60 1.87
Return on average shareholders’ funds (%)   Over 20 17.88 19.52 16.90 17.01 18.40
Growth in income (%)   Over 20 24.10 19.62 7.03 0.96 15.40
Growth in profit for the year (%)   Over 20 14.25 21.92 6.47 7.03 3.44
Growth in total assets (%)   Over 20 12.96 15.05 10.58 31.29 18.54
Dividend per share (DPS) (Rs.)   Over Rs. 5.00 6.50 6.50 6.50 6.50 6.50
Capital Adequacy Ratios
Common Equity Tier 1 Capital Ratio (%) – Minimum requirement as per Basel III – 6.25%   Over 10 12.11 N/A N/A N/A N/A
Tier 1 Capital Ratio (%) – Minimum requirement as per Basel III – 7.75%   Over 10 12.11 N/A N/A N/A N/A
Tier 1 Capital Ratio (%) – Minimum requirement as per Basel II – 5%   Over 10 – 11.56 11.60 12.93 13.27
Total Capital Ratio (%) – Minimum requirement as per Basel III – 11.75%   Over 15 15.75 N/A N/A N/A N/A
Total Capital Ratio (%) – Minimum requirement as per Basel II – 10%   Over 14 N/A 15.89 14.26 15.97 16.91

Non-financial highlights

GRI Disclosure     Bank      
      2017   2016   Unit of Measure  
Financial and Manufactured Capital              
201-1 Direct economic value:              
  Generated   115,594   93,143   Rs. Mn.  
  Distributed to:   102,268   81,712   Rs. Mn.  
  – Depositors   64,011   47,915   Rs. Mn.  
  – Employees   11,268   10,794   Rs. Mn.  
  – Business Partners   8,775   7,772   Rs. Mn.  
  – Government   11,654   9,368   Rs. Mn.  
  – Shareholders   6,477   5,765   Rs. Mn.  
  – Community   83   62   Rs. Mn.  
  Retained   13,326   11,431   Rs. Mn.  
      115,594   93,143   Rs. Mn.  
Social and Network Capital              
413-1 Funds disbursed to SMEs, Agri businesses, Micro financing   131,881   272,914   Rs. Mn.  
  Financial literacy and Capacity building programmes              
  – No. of programmes   8   7   Nos.  
  – No. of participants   1,195   873   Nos.  
  Penetration rate outside principle province   12   12   %  
205-1 Coverage and frequency of audits              
  – Onsite audits   335   271   Nos.  
  – Online audits   243   223   Nos.  
205-3 Number of alerts reported to FIU of the CBSL   14   15   Nos.  
204-1 Payments to suppliers   8,775   7,772   Rs. Mn.  
  Proportion of spending on local suppliers   92.18   90.75   %  
  Spending on CSR activities   43   65   Rs. Mn.  
308-1,412-1,414-1 Percentage of new suppliers screened for social and environmental impacts   100   100   %  
Intellectual Capital              
  Brand Value   20,330   24,027   Rs. Mn.  
  Cumulative service period of employees   57,852   56,043   Years  
Human Capital                
102-8 Total employees   4,982   4,987   Nos.  
401-1 New employee hires   4.88   5.43   %  
  Attrition rate   4.86   4.61   %  
401-3 Return to work after maternity leave   94.64   95.38   %  
404-1 Average training hours              
  – Male   25.47   24.79   Hours  
  – Female   17.04   19.74   Hours  
404-2 Skill development programmes   12,937   14,650   Hours  
404-3 Percentage of employees receiving performance evaluations   100   100   %  
405-1 Remuneration ratio women to men              
  – Corporate and Senior Management   1:0.75   1:0.95   X:Y  
  – Executive Officers   1:0.90   1:1.10   X:Y  
  – Junior Executive Assistants and Allied Grades   1:0.92   1:1.08   X:Y  
  – Banking and executive Trainees   1:0.97   1:1.01   X:Y  
  – Office Assistants and Other   1:1.05   1:1.01   X:Y  
Natural Capital                
302-1 Energy Consumption   54,820   56,359   Gj  
306-2 Waste Disposal              
  – e-waste (CO2 emission offset)   9,500   163,708   Kg  
  – Paper   151,885   98,155   Kg  
  Loan disbursements for renewable energy projects              
  – Wind   –   –   –  
  – Solar   100   495   Rs. Mn.  
  – Hydro   302   428   Rs. Mn.  
  – Bio-mass   39   126   Rs. Mn.  

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