Commercial Bank of Ceylon PLC

Annual Report 2018

Statement of Financial Position

GROUP BANK
As at December 31, Note 2018
Rs. ’000
2017
Rs. ’000
Change
%
2018
Rs. ’000
2017
Rs. ’000
Change
%
Assets
Cash and cash equivalents 29 44,355,962 34,673,424 27.92 39,534,476 33,224,619 18.99
Balances with Central Banks 30 55,406,535 45,546,349 21.65 54,384,590 44,801,446 21.39
Placements with banks 31 19,898,515 17,633,269 12.85 19,898,515 17,633,269 12.85
Securities purchased under resale agreements 9,513,512 9,513,512
Derivative financial assets 32 7,909,962 2,334,536 238.82 7,909,962 2,334,536 238.82
Financial assets recognised through profit or loss/Held for trading – measured at fair value 33 5,520,167 4,410,913 25.15 5,520,167 4,410,913 25.15
Financial assets at amortised cost – Loans and advances to banks 34 763,074 640,512 19.14 763,074 640,512 19.14
Financial assets at amortised cost – Loans and advances to other customers 35 867,611,976 742,444,130 16.86 861,100,315 737,446,567 16.77
Financial assets at amortised cost – Debt and other financial instruments/financial investments – Held to maturity and loans and receivables 36 89,274,413 118,078,273 (24.39) 83,855,436 112,275,229 (25.31)
Financial assets measured at fair value through other comprehensive income/financial investments – Available for sale 37 176,760,611 154,913,643 14.10 176,506,729 154,714,132 14.09
Investments in subsidiaries 38 4,263,631 3,065,935 39.06
Investments in associates 39 105,320 109,844 (4.12) 44,331 44,331
Property, plant and equipment 40 17,015,236 16,317,044 4.28 15,301,246 14,634,710 4.55
Intangible assets 41 1,433,931 1,251,226 14.60 906,112 776,810 16.65
Leasehold property 42 103,064 104,516 (1.39) 71,652 72,594 (1.30)
Deferred tax assets 43 188,487
Other assets 44 24,051,472 17,362,977 38.52 23,911,122 17,298,162 38.23
Total assets 1,319,912,237 1,155,820,656 14.20 1,303,484,870 1,143,373,765 14.00
Liabilities
Due to banks 45 52,362,052 60,244,892 (13.08) 50,101,081 57,120,991 (12.29)
Derivative financial liabilities 46 8,021,783 3,678,494 118.07 8,021,783 3,678,494 118.07
Securities sold under repurchase agreements 48,951,394 49,532,385 (1.17) 49,104,462 49,676,767 (1.15)
Financial liabilities at amortised cost – due to depositors 47 994,370,875 857,269,981 15.99 983,037,314 850,127,511 15.63
Financial liabilities at amortised cost – other borrowings 48 25,361,912 23,786,094 6.62 25,361,912 23,786,094 6.62
Current tax liabilities 49 6,735,997 4,202,850 60.27 6,566,358 4,143,911 58.46
Deferred tax liabilities 43 971,424 3,565,215 (72.75) 646,248 3,274,826 (80.27)
Other liabilities 50 24,547,513 19,508,115 25.83 24,206,351 19,225,364 25.91
Due to subsidiaries 51 40,955 74,523 (45.04)
Subordinated liabilities 52 37,992,457 25,165,924 50.97 37,992,457 25,165,924 50.97
Total liabilities 1,199,315,407 1,046,953,950 14.55 1,185,078,921 1,036,274,405 14.36
Equity
Stated capital 53 39,147,882 37,143,541 5.40 39,147,882 37,143,541 5.40
Statutory reserves 55 7,444,178 6,492,552 14.66 7,354,143 6,476,952 13.54
Retained earnings 56 4,949,955 5,086,609 (2.69) 5,063,076 4,987,446 1.52
Other reserves 57 67,855,834 59,272,098 14.48 66,840,848 58,491,421 14.27
Total equity attributable to equity holders of the Bank 119,397,849 107,994,800 10.56 118,405,949 107,099,360 10.56
Non-controlling interest 58 1,198,981 871,906 37.51
Total equity 120,596,830 108,866,706 10.77 118,405,949 107,099,360 10.56
Total liabilities and equity 1,319,912,237 1,155,820,656 14.20 1,303,484,870 1,143,373,765 14.00
Contingent liabilities and commitments 59 658,860,264 565,277,821 16.56 658,721,983 564,794,885 16.63
Net assets value per ordinary share (Rs.) 60 118.13 108.44 8.94 117.15 107.54 8.94
Memorandum information
Number of employees 5,027

4,982

Number of customer service centres 285

280

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
S Renganathan
Managing Director/Company Secretary
Mrs J R Gamage
Chief Executive Officer

February 22, 2019
Colombo

TOP
Close