| Bank | Group | |||
| As at 31 December | 2022 USD ’000 |
2021 USD ’000 |
2022 USD ’000 |
2021 USD ’000 |
| Assets | ||||
| Cash and cash equivalents | 353,616 | 412,343 | 372,424 | 410,679 |
| Balances with Central Banks | 194,141 | 369,807 | 194,141 | 369,807 |
| Placements with banks | 45,329 | 24,733 | 49,053 | 26,654 |
| Securities purchased under resale agreements | 4,077 | 10,350 | 4,030 | 14,851 |
| Derivative financial instruments | 157,405 | 21,666 | 157,405 | 21,666 |
| Financial assets recognised through profit or loss-measured at fair value | 28,311 | 46,050 | 29,292 | 48,100 |
| Financial assets at amortised cost | ||||
| Loans and advances | 6,404,655 | 12,042,691 | 6,488,332 | 12,205,179 |
| Debt and other instruments | 4,284,920 | 5,399,189 | 4,302,756 | 5,402,470 |
| Financial assets measured at fair value through OCI | 23,934 | 91,315 | 29,605 | 114,151 |
| Investment in subsidiary companies | 22,531 | 40,817 | – | – |
| Investment in associate companies | 256 | 464 | 1,885 | 2,971 |
| Investment properties | 6,650 | 12,047 | 289 | 537 |
| Property, plant and equipment | 95,963 | 163,433 | 140,432 | 234,213 |
| Right of Use Assets/leasehold properties | 8,268 | 15,656 | 7,227 | 14,098 |
| Intangible assets | 3,972 | 5,189 | 4,388 | 6,060 |
| Deferred tax assets | 42,900 | 10,740 | 42,958 | 11,045 |
| Other assets | 265,623 | 308,772 | 267,900 | 315,627 |
| Total assets | 11,942,551 | 18,975,262 | 12,092,117 | 19,198,108 |
| Liabilities | ||||
| Due to banks | 31,712 | 89,486 | 31,802 | 93,030 |
| Securities sold under repurchase agreements | 496,319 | 809,027 | 495,549 | 806,592 |
| Derivative financial instruments | 2,537 | 1,898 | 2,537 | 1,898 |
| Financial liabilities at amortised cost | ||||
| Due to depositors | 9,183,923 | 14,303,446 | 9,248,433 | 14,399,952 |
| Other borrowers | 1,075,403 | 2,215,734 | 1,093,563 | 2,234,528 |
| Debt securities issued | – | – | 162 | 10,513 |
| Current tax liabilities | 17,965 | 3,233 | 18,875 | 4,882 |
| Deferred tax liabilities | – | – | 7,420 | 10,743 |
| Insurance provision – Life | – | – | 978 | 2,064 |
| Insurance provision – Non life | – | – | 1,825 | 2,624 |
| Other liabilities | 259,083 | 229,713 | 265,554 | 236,793 |
| Subordinated liabilities | 175,589 | 321,098 | 174,874 | 319,836 |
| Total liabilities | 11,242,531 | 17,973,635 | 11,341,572 | 18,123,455 |
| Equity | ||||
| Share capital | 70,860 | 124,729 | 70,860 | 124,729 |
| Permanent reserve fund | 41,671 | 72,298 | 41,671 | 72,298 |
| OCI reserve | 2,372 | 2,936 | 7,117 | 7,401 |
| Cash flow hedge reserve | 70,559 | 16,161 | 70,559 | 16,161 |
| Retained earnings | 436,827 | 682,216 | 440,141 | 689,027 |
| Other reserves | 77,731 | 103,287 | 117,287 | 157,107 |
| Total equity attributable to equity holder of the Bank | 700,020 | 1,001,627 | 747,635 | 1,066,723 |
| Non-controlling interest | – | – | 2,910 | 7,930 |
| Total equity | 700,020 | 1,001,627 | 750,545 | 1,074,653 |
| Total liabilities and equity | 11,942,551 | 18,975,262 | 12,092,117 | 19,198,108 |
| Contingent liabilities and commitments | 3,703,836 | 4,987,815 | 3,709,400 | 5,079,691 |
| Net assets value per share (USD) | 28.0 | 40.07 | 29.91 | 42.67 |
Exchange rate of 1 USD was LKR 363.1100 as at 31 December 2022. (LKR 200.4338 as at 31 December 2021)
The Statement of Financial Position given in this page does not form part of the Audited Financial Statements and it is solely for the convenience of the shareholders, investors, bankers and other interested parties of the Financial Statements of the Bank.