Annex 8: Decade at a Glance
| LKASs and SLFRSs | SLAS | ||||||||||||
| As at December 31, Rs. Mn. | CAGR % | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | ||
| Assets | |||||||||||||
| Cash and cash equivalents | 39,534 | 33,225 | 30,194 | 20,044 | 20,592 | 14,262 | 19,733 | 12,911 | 6,137 | 5,557 | |||
| Balances with central banks | 54,385 | 44,801 | 43,873 | 28,221 | 19,634 | 18,432 | 18,168 | 17,343 | 12,189 | 11,795 | |||
| Placements with banks | 19,899 | 17,633 | 11,718 | 17,194 | 14,508 | 4,132 | 16,163 | 11,674 | 4,420 | 18,500 | |||
| Government treasury bills, bonds and other securities | – | – | – | – | – | – | – | – | 114,541 | 96,671 | |||
| Securities purchased under resale agreements | 9,514 | – | – | 8,002 | 41,198 | 8,946 | 3,697 | 1,542 | 68 | 5,203 | |||
| Derivative financial assets | 7,910 | 2,335 | 1,053 | 4,118 | 460 | 838 | 1,351 | 40 | – | – | |||
| Dealing securities | – | – | – | – | – | – | – | – | 283 | 81 | |||
| Other financial instruments – Held for trading | – | 4,411 | 4,988 | 7,656 | 6,327 | 6,379 | 6,041 | 6,418 | – | – | |||
| Financial assets recognised through profit or loss – measured at fair value | 5,520 | – | – | – | – | – | – | – | – | – | |||
| Loans and receivables to banks | 17.02 |  |
– | 641 | 624 | 601 | 551 | 546 | 629 | 580 | – | – | |
| Financial assets at amortised cost – Loans and advances to banks | 763 | – | – | – | – | – | – | – | – | – | |||
| Loans and receivables to other customers | – | 737,447 | 616,018 | 508,115 | 405,431 | 353,062 | 337,247 | 286,314 | – | – | |||
| Financial assets at amortised cost – Loans and advances to other customers | 861,100 | – | – | – | – | – | – | – | – | – | |||
| Bills of exchange | – | – | – | – | – | – | – | – | 5,291 | 2,847 | |||
| Lease receivable | – | – | – | – | – | – | – | – | 11,019 | 7,794 | |||
| Loans and advances | – | – | – | – | – | – | – | – | 200,729 | 161,329 | |||
| Investments held to maturity | – | – | – | – | – | – | – | – | 2,366 | 1,025 | |||
| Financial investments – Held to maturity | – | 63,563 | 60,981 | – | – | – | – | – | – | – | |||
| Financial investments – Loans and Receivables | – | 48,712 | 51,824 | 57,724 | 50,436 | 48,943 | 31,971 | 26,630 | – | – | |||
| Financial assets at amortised cost – Debt and other financial instruments | 83,855 | – | – | – | – | – | – | – | – | – | |||
| Financial investments – Available for sale | – | 154,714 | 160,023 | 204,244 | 214,208 | 131,757 | 57,963 | 61,415 | – | – | |||
| Financial assets measured at fair value through other comprehensive income | 176,507 | – | – | – | – | – | – | – | – | – | |||
| 1,258,987 | 1,107,482 | 981,296 | 855,919 | 773,345 | 587,297 | 492,963 | 424,867 | 357,043 | 310,802 | ||||
| Investments in subsidiaries | 4,264 | 3,066 | 2,435 | 1,237 | 1,211 | 289 | 303 | 315 | 354 | 279 | |||
| Investments in associates | 44 | 44 | 44 | 44 | 44 | 44 | 44 | 44 | 44 | 44 | |||
| Property, plant & equipment | 15,301 | 14,635 | 10,308 | 9,969 | 9,953 | 8,387 | 8,221 | 7,907 | 5,930 | 3,914 | |||
| Intangible assets | 906 | 777 | 641 | 466 | 439 | 468 | 497 | 467 | 419 | 388 | |||
| Leasehold property | 72 | 73 | 74 | 74 | 75 | 76 | 77 | 78 | 79 | 80 | |||
| Deferred tax assets | – | – | 964 | – | – | – | 449 | 360 | – | – | |||
| Other assets | 23,911 | 17,297 | 16,439 | 12,096 | 10,543 | 9,426 | 9,189 | 7,291 | 6,191 | 6,808 | |||
| Total assets | 16.73 | 1,303,485 | 1,143,374 | 1,012,201 | 879,805 | 795,610 | 605,987 | 511,743 | 441,329 | 370,060 | 322,315 | ||
| Liabilities | |||||||||||||
| Due to banks | 50,101 | 57,121 | 67,609 | 30,319 | 25,261 | 14,194 | 4,894 | 11,574 | – | – | |||
| Derivative financial liabilities | 8,022 | 3,678 | 1,515 | 1,891 | 1,193 | 1,412 | 84 | 435 | – | – | |||
| Securities sold under repurchase agreements | 49,104 | 49,677 | 69,867 | 112,385 | 124,564 | 45,519 | 31,760 | 41,235 | 45,774 | 29,905 | |||
| Due to other customers/deposits from customers | 17.19 | |
– | 850,128 | 739,563 | 624,102 | 529,361 | 451,153 | 390,612 | 323,755 | 259,779 | 234,745 | |
| Financial liabilities at amortised cost – due to depositors | 983,037 | – | – | – | – | – | – | – | – | – | |||
| Other borrowings | – | 23,786 | 9,270 | 9,986 | 11,637 | 8,654 | 15,823 | 8,368 | 14,371 | 11,639 | |||
| Financial liabilities at amortised cost – other borrowings | 25,362 | – | – | – | – | – | – | – | – | – | |||
| Current tax liabilities | 6,566 | 4,144 | 3,441 | 3,002 | 1,998 | 1,759 | 2,802 | 1,305 | 2,448 | 1,203 | |||
| Deferred tax liabilities | 646 | 3,275 | – | 231 | 2,574 | 1,563 | 1,698 | 1,594 | 892 | 633 | |||
| Other provisions | – | – | 2 | 2 | 2 | 2 | 2 | 1 | – | – | |||
| Other liabilities | 24,208 | 19,225 | 17,710 | 15,547 | 17,444 | 9,827 | 10,363 | 8,162 | 11,367 | 12,255 | |||
| Due to subsidiaries | 41 | 75 | 20 | 26 | 19 | 16 | 22 | 30 | – | – | |||
| Subordinated liabilities | 37,992 | 25,166 | 24,850 | 11,973 | 11,045 | 10,944 | 1,106 | 1,106 | 2,127 | 3,436 | |||
| Total Liabilities | 1,185,079 | 1,036,275 | 933,847 | 809,464 | 725,098 | 545,043 | 459,166 | 397,565 | 336,758 | 293,816 | |||
| Shareholders' funds | |||||||||||||
| Stated capital | 39,148 | 37,144 | 24,978 | 23,255 | 21,458 | 19,587 | 18,009 | 16,474 | 10,811 | 10,608 | |||
| Statutory reserves | 7,354 | 6,477 | 5,648 | 4,922 | 4,327 | 4,035 | 3,433 | 2,890 | 2,472 | 2,164 | |||
| Retained earnings | 5,063 | 4,987 | 4,464 | 4,389 | 4,258 | 4,233 | 4,178 | 2,547 | 1,516 | 1,004 | |||
| Other reserves | 66,841 | 58,491 | 43,264 | 37,775 | 40,469 | 33,089 | 26,957 | 21,853 | 18,503 | 14,723 | |||
| Total liabilities & shareholders' funds | 16.73 | 1,303,485 | 1,143,374 | 1,012,201 | 879,805 | 795,610 | 605,987 | 511,743 | 441,329 | 370,060 | 322,315 | ||
| Commitments and contingencies | 658,722 | 564,795 | 498,305 | 521,232 | 352,453 | 295,452 | 279,593 | 234,551 | 196,617 | 146,072 | |||
CAGR – Compounded Annual Growth Rate
| LKASs and SLFRSs | SLAS | ||||||||||||
| For the year ended December 31, Rs. Mn. | CAGR % | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | ||
| Operating results | |||||||||||||
| Gross income | 17.05 | 138,049 | 114,357 | 93,143 | 77,868 | 72,753 | 73,736 | 63,395 | 45,860 | 41,522 | 43,741 | ||
| Interest income | 117,466 | 103,034 | 80,738 | 66,030 | 61,832 | 62,764 | 52,685 | 38,356 | 34,740 | 35,925 | |||
| Interest expenses | (72,524) | (64,011) | (47,915) | (35,685) | (34,610) | (36,879) | (29,830) | (19,650) | (18,328) | (23,515) | |||
| Foreign exchange profit | 7,900 | 588 | 2,326 | 2,877 | 1,481 | 1,996 | 4,687 | 2,322 | 1,741 | 2,962 | |||
| Commission & other income | 12,683 | 10,735 | 10,079 | 8,961 | 9,440 | 8,976 | 6,023 | 5,182 | 5,041 | 4,854 | |||
| Operating expenses & impairment | (39,934) | (28,400) | (25,177) | (25,040) | (22,407) | (22,347) | (19,270) | (15,313) | (13,876) | (13,035) | |||
| Profit before tax | 12.97 | 25,591 | 23,183 | 20,051 | 17,143 | 15,736 | 14,510 | 14,295 | 10,897 | 9,318 | 7,191 | ||
| Income tax expenses | (8,047) | (6,602) | (5,539) | (5,240) | (4,556) | (4,065) | (4,197) | (3,014) | (3,794) | (2,887) | |||
| Profit for the year | 12.11 | 17,544 | 16,581 | 14,512 | 11,903 | 11,180 | 10,445 | 10,098 | 7,883 | 5,524 | 4,304 | ||
| Ratios | |||||||||||||
| Return on average-shareholders’ funds (%) | 15.56 | 17.88 | 19.52 | 16.90 | 17.01 | 18.40 | 20.96 | 20.28 | 17.87 | 15.83 | |||
| Income growth (%) | 20.72 | 24.10 | 19.62 | 7.03 | 0.96 | 16.31 | 38.24 | 10.45 | (5.07) | (0.85) | |||
| Return on average assets (%) | 1.43 | 1.54 | 1.53 | 1.42 | 1.60 | 1.87 | 2.12 | 1.94 | 1.60 | 1.43 | |||
| Dividend per share | 6.50 | 6.50 | 6.50 | 6.50 | 6.50 | 6.50 | 6.50 | 6.00 | 7.00 | 7.00 | |||
| Ordinary share dividend cover (times) | 2.67 | 2.62 | 2.25 | 2.09 | 1.99 | 1.89 | 1.86 | 1.61 | 2.09 | 2.46 | |||
| Gross Dividends (Rs. Mn.) to ordinary shareholders | 6,570.96 | 6,477.12 | 5,769.02 | 5,700.24 | 5,700.24 | 5,522.47 | 5,421.42 | 4,904.70 | 2,642.25 | 1,751.47 | |||
| Advances to deposits and refinance (%) | 86.96 | 86.07 | 82.69 | 80.84 | 75.89 | 77.48 | 82.01 | 83.30 | 80.97 | 70.88 | |||
| Property, Plant and Equipment to shareholders’ funds (%) | 13.75 | 14.46 | 14.07 | 14.94 | 14.85 | 14.65 | 16.73 | 19.31 | 19.30 | 15.38 | |||
| Total assets to shareholders’ funds (times) | 11.01 | 10.68 | 12.92 | 12.51 | 11.28 | 9.94 | 9.73 | 9.92 | 11.11 | 11.31 | |||
| Capital funds to liabilities including contingent liabilities (%) | 6.42 | 6.69 | 5.47 | 5.29 | 6.54 | 7.25 | 7.12 | 6.92 | 6.26 | 6.48 | |||
Cost/income Ratio (%) |
46.35 | 51.08 | 51.06 | 48.92 | 49.26 | 45.59 | 47.02 | 50.70 | 54.69 | 56.86 | |||
| Liquid assets Ratio – Domestic Banking Unit (DBU) (%) | 24.47 | 27.28 | 27.19 | 26.24 | 33.15 | 33.66 | 25.40 | 25.70 | 29.93 | 39.27 | |||
| Liquid assets Ratio – Offshore Banking Centre (OBC) (%) | 30.20 | 30.95 | 30.19 | 49.13 | 31.43 | 29.38 | 34.16 | 27.77 | 30.57 | 27.93 | |||
| (As specified in the Banking Act No. 30 of 1988) | |||||||||||||
| Group capital adequacy (%) Tier I | N/A | N/A | 11.59 | 11.55 | 13.07 | 13.30 | 12.63 | 12.11 | 10.86 | 11.92 | |||
| Tier I & II | N/A | N/A | 16.01 | 14.28 | 16.22 | 16.93 | 13.84 | 13.01 | 12.26 | 13.93 | |||
| Group capital adequacy (%) (under Basel III) | |||||||||||||
| common equity Tier I capital ratio | 11.43 | 12.12 | – | – | – | – | – | – | – | – | |||
| Tier I capital ratio | 11.43 | 12.12 | – | – | – | – | – | – | – | – | |||
| Total capital ratio | 15.62 | 15.70 | – | – | – | – | – | – | – | – | |||
| Share information | |||||||||||||
| Market value of a voting ordinary share (Rs.) | 115.00 | 135.80 | 145.00 | 140.20 | 171.00 | 120.40 | 103.00 | 100.00 | 259.90 | 189.50 | |||
Earnings per share (Rs.) |
17 | 17 | 16 | 13 | 13 | 12 | 12 | 9 | 7 | 6 | |||
| Price earnings ratio (times) | 7 | 8 | 9 | 10 | 13 | 10 | 9 | 11 | 18 | 11 | |||
| Net assets value per share (Rs.) | 117 | 108 | 88 | 80 | 81 | 72 | 63 | 54 | 44 | 38 | |||
| Earnings yield (%) | 15 | 13 | 11 | 10 | 8 | 10 | 12 | 9 | 6 | 9 | |||
| Dividend payout ratio (%) – Cash | 26 | 26 | 28 | 33 | 35 | 37 | 37 | 42 | 34 | 41 | |||
| Total dividend payout ratio % | 37 | 38 | 40 | 48 | 50 | 53 | 54 | 62 | 48 | – | |||
| Other information | |||||||||||||
| Number of employees | 5,027 | 4,982 | 4,987 | 4,951 | 4,852 | 4,730 | 4,602 | 4,524 | 4,321 | 4,071 | |||
| Number of delivery points – Sri Lanka | 3.11 | |
266 | 261 | 255 | 246 | 239 | 235 | 227 | 213 | 187 | 172 | |
| Number of delivery points – Bangladesh | 19 | 19 | 19 | 18 | 18 | 18 | 17 | 17 | 17 | 15 | |||
| Number of automated teller machines | 8.16 | 850 | 775 | 677 | 640 | 625 | 604 | 572 | 514 | 414 | 368 | ||
CAGR – Compounded Annual Growth Rate