Statement of Financial Position

		Bank			Group
As at 31 December	Note	2022 LKR ’000	2021 LKR ’000	Change %	2022 LKR ’000	2021 LKR ’000	Change %
Assets
Cash and cash equivalents	22	128,401,532	82,647,406	55.4	135,230,827	82,313,908	64.3
Balances with Central Banks	23	70,494,529	74,121,781	(4.9)	70,494,529	74,121,781	(4.9)
Placements with banks	24	16,459,303	4,957,417	232.0	17,811,665	5,342,369	233.4
Securities purchased under resale agreements	25	1,480,403	2,074,474	(28.6)	1,463,368	2,976,664	(50.8)
Derivative financial instruments	26	57,155,486	4,342,531	1,216.2	57,155,486	4,342,531	1,216.2
Financial assets recognised through profit or loss measured at fair value	27	10,280,055	9,230,022	11.4	10,636,190	9,640,813	10.3
Financial assets at amortised cost
loans and advances	28	2,325,594,329	2,413,762,291	(3.7)	2,355,978,333	2,446,330,329	(3.7)
debt and other instruments	29	1,555,897,307	1,082,179,876	43.8	1,562,373,679	1,082,837,662	44.3
Financial assets measured at fair value through OCI	30	8,690,802	18,302,556	(52.5)	10,750,044	22,879,810	(53.0)
Investment in subsidiary companies	31	8,181,138	8,181,138	–	–	–	–
Investment in associate companies	32	92,988	92,988	–	684,536	595,531	14.9
Investment properties	33	2,414,640	2,414,640	–	104,798	107,704	(2.7)
Property, plant and equipment	34	34,845,004	32,757,485	6.4	50,992,323	46,944,191	8.6
Right of use assets/leasehold properties	35	3,002,305	3,137,955	(4.3)	2,624,300	2,825,719	(7.1)
Intangible assets	36	1,442,433	1,039,985	38.7	1,593,344	1,214,591	31.2
Deferred tax assets	37	15,577,466	2,152,712	623.6	15,598,541	2,213,847	604.6
Other assets	38	96,449,984	61,888,586	55.8	97,276,598	63,262,306	53.8
Total assets		4,336,459,704	3,803,283,843	14.0	4,390,768,561	3,847,949,756	14.1
Liabilities
Due to banks	39	11,514,897	17,936,070	(35.8)	11,547,714	18,646,339	(38.1)
Securities sold under repurchase agreements	40	180,218,543	162,156,413	11.1	179,938,744	161,668,335	11.3
Derivative financial instruments	41	921,033	380,328	142.2	921,033	380,328	142.2
Financial liabilities at amortised cost
due to depositors	42	3,334,774,261	2,866,894,010	16.3	3,358,198,424	2,886,237,094	16.4
other borrowings	43	390,489,543	444,107,977	(12.1)	397,083,583	447,875,002	(11.3)
Debt securities issued	44	–	–	–	58,807	2,107,182	(97.2)
Current tax liabilities	45	6,523,443	647,993	906.7	6,853,709	978,532	600.4
Deferred tax liabilities	37	–	–	–	2,694,221	2,153,309	25.1
Insurance provision – Life	46	–	–	–	355,190	413,743	(14.2)
Insurance provision – Non-life	46	–	–	–	662,773	526,017	26.0
Other liabilities	47	94,075,650	46,042,365	104.3	96,425,230	47,461,127	103.2
Subordinated liabilities	49	63,758,191	64,358,855	(0.9)	63,498,599	64,105,970	(0.9)
Total liabilities		4,082,275,561	3,602,524,011	13.3	4,118,238,027	3,632,552,978	13.4
Equity
Share capital	50	25,730,000	25,000,000	2.9	25,730,000	25,000,000	2.9
Permanent reserve fund	51	15,131,000	14,491,000	4.4	15,131,000	14,491,000	4.4
Retained earnings	52	158,616,238	136,739,177	16.0	159,819,481	138,104,222	15.7
Cashflow hedge reserve	53	25,620,635	3,239,266	690.9	25,620,635	3,239,266	690.9
Other reserves	54	29,086,270	21,290,389	36.6	45,172,451	32,972,844	37.0
Total equity attributable to equity holder of the Bank		254,184,143	200,759,832	26.6	271,473,567	213,807,332	27.0
Non-controlling interest	55	–	–	–	1,056,967	1,589,446	(33.5)
Total equity		254,184,143	200,759,832	26.6	272,530,534	215,396,778	26.5
Total liabilities and equity		4,336,459,704	3,803,283,843	14.0	4,390,768,561	3,847,949,756	14.1
Contingent liabilities and commitments	57	1,344,899,769	999,726,729	34.5	1,346,920,056	1,018,141,749	32.3
Net assets value per share (LKR)	50	10,167.37	8,030.39	26.6	10,858.94	8,552.29	27.0

The Notes 1 to 64 form an integral part of these Financial Statements.

These Financial Statements give a true and fair view of the state of affairs of Bank of Ceylon and the Group as at 31 December 2022 and its profit for the year then ended.

 

M P Ruwan Kumara
Actg. 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,

24 February 2023
Colombo