SUPPLEMENTARY INFORMATION

Ten Year Statistical Summary – Bank

For the year ended 31 December 2013
LKR million 		2014
LKR million 		2015
LKR million 		2016
LKR million 		2017
LKR million 		2018
LKR million 		2019
LKR million 		2020
LKR million 		2021
LKR million 		2022
LKR million
Operating results
Income 127,464 126,546 131,502 154,121 189,211 221,021 239,116 247,164 290,362 513,149
Interest income 114,863 107,395 112,745 134,685 171,344 195,394 220,477 226,311 260,513 456,267
Interest expenses (77,720) (68,945) (66,419) (80,728) (112,988) (129,836) (145,331) (151,535) (149,261) (329,921)
Net interest income 37,143 38,450 46,326 53,957 58,356 65,558 75,146 74,776 111,252 126,346
Other operating income 12,601 19,151 18,756 19,437 17,868 25,627 18,640 20,853 29,849 56,882
Other operating expenses (31,324) (33,258) (34,987) (35,940) (38,632) (48,181) (53,580) (66,619) (88,885) (140,938)
Operating profit before taxes on
financial services 		18,420 24,343 30,095 37,454 37,592 43,004 40,206 29,010 52,216 42,290
Taxes on financial services (2,711) (4,052) (4,816) (6,265) (7,249) (9,588) (10,521) (5,458) (9,027) (11,313)
Profit before income tax 15,709 20,291 25,279 31,189 30,343 33,416 29,685 23,552 43,189 30,977
Income tax expense (3,622) (6,717) (7,922) (6,398) (9,031) (12,413) (6,587) (5,787) (5,599) 995
Profit for the year 12,087 13,574 17,357 24,791 21,312 21,003 23,098 17,765 37,590 31,972

 

As at 31 December 2013
LKR million 		2014
LKR million 		2015
LKR million 		2016
LKR million 		2017
LKR million 		2018
LKR million 		2019
LKR million 		2020
LKR million 		2021
LKR million 		2022
LKR million
Assets
Cash and cash equivalents 24,901 35,583 79,917 67,706 72,843 78,447 64,869 84,417 82,647 128,401
Balances with Central Banks 28,699 30,422 38,940 56,388 68,689 65,680 54,594 33,352 74,122 70,495
Placements with banks 19,315 13,349 27,976 11,675 8,067 40,450 44,476 27,616 4,957 16,459
Loans and advances to customers 725,332 741,348 826,790 1,000,082 1,163,161 1,429,107 1,549,805 1,988,409 2,413,762 2,325,594
Other financial assets 335,455 438,554 522,762 461,193 567,778 579,023 599,352 752,159 1,116,130 1,576,349
Investments in subsidiaries and
associates 		7,672 7,056 7,056 6,306 6,606 6,606 6,606 6,606 8,274 8,274
Investment properties – – – 3,000 2,883 2,766 2,649 2,534 2,415 2,415
Property, plant and equipment and Right of Use assets 12,089 16,296 16,431 15,584 23,148 24,277 29,059 36,575 35,895 37,847
Intangible assets 501 385 373 563 811 1,238 1,127 1,021 1,040 1,442
Net employee benefit assets, derivative financial instruments and other assets 39,617 46,027 48,044 46,794 37,818 57,237 62,580 50,292 64,042 169,184
Total assets 1,193,581 1,329,020 1,568,289 1,669,291 1,951,804 2,284,831 2,415,117 2,982,981 3,803,284 4,336,460
Liabilities
Due to banks 1,166 890 2,630 2,042 2,203 2,402 2,669 2,402 17,936 11,515
Due to customers 842,070 933,966 1,082,337 1,256,589 1,546,832 1,770,975 2,005,212 2,474,775 2,866,894 3,334,774
Debt securities issued and
subordinated term debts 		45,326 53,282 39,055 42,072 42,570 50,827 54,222 64,637 64,359 63,758
Other borrowings 235,370 246,736 337,442 254,895 222,679 299,192 172,017 237,991 606,264 570,708
Current tax liabilities – – 2,081 – 1,877 3,922 – 592 648 6,523
Other liabilities 11,949 19,340 23,259 20,843 24,488 25,343 38,714 45,925 46,423 94,998
Total liabilities 1,135,881 1,254,214 1,486,804 1,576,441 1,840,649 2,152,661 2,272,834 2,826,322 3,602,524 4,082,276
Equity
Share capital 5,000 10,000 10,000 15,000 20,000 25,000 25,000 25,000 25,000 25,730
Permanent reserve fund 3,538 3,810 5,210 7,996 10,427 12,890 13,383 13,739 14,491 15,131
Retained earnings 31,419 44,861 51,086 54,155 63,472 78,062 87,689 96,984 136,739 158,616
Other reserves 17,743 16,135 15,189 15,699 17,256 16,218 16,211 20,936 24,530 54,707
Total equity 57,700 74,806 81,485 92,850 111,155 132,170 142,283 156,659 200,760 254,184
Total liabilities and equity 1,193,581 1,329,020 1,568,289 1,669,291 1,951,804 2,284,831 2,415,117 2,982,981 3,803,284 4,336,460
Contingent liabilities and commitments 655,441 721,763 696,857 547,399 496,477 508,307 508,218 580,449 999,727 1,344,900

 

As at 31 December 2013
LKR million 		2014
LKR million 		2015
LKR million 		2016
LKR million 		2017
LKR million 		2018
LKR million 		2019
LKR million 		2020
LKR million 		2021
LKR million 		2022
LKR million
Ratios
Return on average assets (%) 1.4 1.6 1.7 1.9 1.7 1.6 1.3 0.9 1.3 0.8
Return on average equity (%) 22.2 20.5 22.2 28.4 20.9 17.3 16.8 11.9 21.0 14.1
Income growth (%) 15.7 (0.7) 3.9 17.2 22.8 16.8 8.2 3.4 17.5 76.7
Capital adequacy ratio (%) *
– Tier I 8.4 9.5 9.1 8.7 10.8 10.3 11.2 11.2 14.3 12.4
– Tier I + Tier II 12.1 13.6 13.1 12.3 14.6 14.6 15.6 14.9 17.8 15.4
Capital funds to liabilities including contingent liabilities (%) 3.2 3.8 3.7 4.4 4.8 5.0 5.1 4.6 4.5 4.7
Liquidity ratio – domestic (%) 27.7 30.8 28.2 21.6 27.2 24.5 24.6 26.6 25.0 21.2
Cost to income ratio (%) 49.1 44.0 44.7 43.0 38.4 38.1 37.3 37.0 32.0 29.4
Other information
Number of employees 8,883 8,577 7,980 7,569 7,587 8,724 8,503 8,479 8,337 8,209
Number of branches 567 573 578 580 578 577 581 582 581 581
Number of ATMs, CDMs and CRMs 523 540 563 801 932 1,057 1,197 1,130 1,400 1,457
Number of advances (’000) 3,193 2,384 2,146 2,122 2,226 2,606 2,715 2,598 2,396 2,354
Number of deposits (’000) 11,606 12,311 12,322 12,706 13,254 13,421 14,480 15,027 15,287 15,863
Cash flow from operating activities 47,051 72,987 127,503 (21,346) 135,039 (25,790) 36,213 95,370 55,027 215,253
Cash flow from investing activities (51,351) (27,222) (101,988) 83,642 (56,384) 11,667 25,620 (102,961) (298,678) (12,774)
Cash flow from financing activities (4,377) (29,519) 17,982 (73,927) (73,822) 19,983 (75,901) 28,045 226,463 (150,755)
Capital expenditure on purchase of PPE and Lease hold properties (1,682) (1,743) (1,332) (2,053) (3,081) (3,400) (3,386) (2,946) (1,771) (2,244)

Note:

* 2017 onwards capital adequacy ratio figures are as per Basel III guidelines issued by the Central Bank of Sri Lanka.

Disclosure in terms of Section 7.6 (xvi) of the Listing Rules of the Colombo Stock Exchange on related party transactions exceeding 10% of the equity or 5% of the total assets of the Bank

The Bank did not carry out any transactions exceeding 10% of the equity or 5% of the total assets of the Bank, whichever is lower, with the related parties given in Note 61 to the Financial Statements, except for the transactions engaged with the Government of Sri Lanka and Government related entities.

The Government of Sri Lanka, who holds 100% shareholding in Bank of Ceylon and Government related entities, carry out transactions with the Bank, in the ordinary course of business and the aggregate monetary value of these transactions exceeded the threshold given in Section 7.6 (xvi) of the Listing Rules of Colombo Stock Exchange.

These transactions include:

  1. Overdraft facility granted to the Deputy Secretary to the Treasury.
  2. Foreign currency loans granted to the Government of Sri Lanka and State-Owned Enterprises.
  3. Investment in Sri Lanka Development Bonds, Sovereign Bonds and Restructuring Bonds issued by the Government of Sri Lanka.
  4. Extending of trade finance credit and other related services to facilitate import transactions of the Government of Sri Lanka and State-Owned Enterprises.
  5. Deposits made by the Government and Government related entities with the Bank

Most of these transactions are considered as recurrent nature transactions and the outstanding balances as at reporting date are given in Note 61.4 to the Financial Statements.