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Investor Relations

Compliance Report on the Contents of Annual Report in terms of the Listing Rules of the colombo stock exchange

We are pleased to inform you that the Bank has complied with all the requirements of the Section 7.6 of the Listing Rules of the Colombo Stock Exchange on the contents of the Annual Report and Accounts of a Listed Entity. The table below provides reference to the relevant Sections of this Annual Report where specified information is found for the convenience of the readers.
Rule No. Disclosure Requirement Section/Reference
7.6 (i) Names of persons who held the position of Directors during the financial year
  • Annual Report of the Board of Directors
7.6 (ii) Principal activities of the Bank and its Subsidiaries during the year and any changes therein
  • Note B in Accounting Policies
  • Annual Report of the Board of Directors
  • Group Structure
7.6 (iii) The names and the number of shares held by the 20 largest holders of voting and non-voting shares and the percentage of such shares held
  • Item 03 of the Investor Relations
7.6 (iv) The public holding percentage
  • Item 03 of the Investor Relations
7.6 (v) Directors’ and Chief Executive Officer’s holding in shares at the beginning and at the end of the financial year
  • Item 11 of the Investor Relations
  • Annual Report of the Board of Directors
7.6 (vi) Information pertaining to material foreseeable risk factors
  • Item 16 of the Investor Relations
7.6 (vii) Details of material issues pertaining to employees and industrial relations
  • Item 17 of the Investor Relations
7.6 (viii) Extents, locations, valuations and the number of buildings of the land holdings and investment properties
  • Note 23.3 and 23.4 to the Financial Statements on‘Property, Plant & Equipment’
7.6 (ix) Number of shares representing the stated capital
  • Note 32 (a) to the Financial Statements on ‘Stated Capital’
  • Item 14 of the Investor Relations
7.6 (x) A distribution schedule of the number of holders in each class of equity securities, and the percentage of their total holdings
  • Item 9 of the Investor Relations
7.6 (xi) Ratios and market price information:
  • Equity - Dividend per share, dividend payout ratio, net asset value per share, market value per share
  • Items 5 (a) and 5 (b) of the Investor Relations
  • Debt - Interest rate of comparable Government security, debt/equity ratio, interest cover and quick asset ratio, market prices and yields during the year
  • Item 15 of the Investor Relations
  • Any changes in credit rating
  • Item 5 (d) of the Investor Relations
7.6 (xii) Significant changes in the Bank or its Subsidiaries fixed assets and the market value of land, if the value differs substantially from the book value
  • Note 23 to the Financial Statements on ‘Property, Plant & Equipment’
7.6 (xiii) Details of funds raised through Public Issues, Rights Issues, and Private Placements during the year
  • Note 32 (a) to the Financial Statements on ‘Stated Capital’
7.6 (xiv) Information in respect of Employee Share Option Schemes
  • Total number of shares allotted during the financial year, price at which shares were allotted and the details of funding granted to employees (if any)
  • Note 32 (b) and 32 (c) to the Financial Statements on ‘Employee Share Option Plan - 2002 and 2008’, respectively
  • Highest, lowest & closing price of the share recorded during the financial year
  • Item 5 (b) of the Investor Relations
7.6 (xv) Disclosures pertaining to Corporate Governance practices in terms of Rules 7.10.3, 7.10.5 c. and 7.10.6 c. of Section 7 of the Listing Rules
  • Not applicable since the Bank received an exemption in terms of Section 7.10 ( c) of the Listing Rules
7.6 (xvi) Disclosures on Related Party Transactions exceeding 10% of the Equity or 5% of the total assets of the Entity as per Audited Financial Statements, whichever is lower
  • The Bank did not have any related party transaction exceeding this threshold as at end 2011.

1. Quarterly Performance - 2011 Compared to 2010

Summary of the Income Statements


2011 2010
1st Quarter 31-Mar. 2nd Quarter 30-Jun. 3rd Quarter 30-Sep. 4th Quarter 31-Dec. Total 1st Quarter 31-Mar. 2nd Quarter 30-Jun. 3rd Quarter 30-Sep. 4th Quarter 31-Dec. Total
Rs. Mn. Rs. Mn. Rs. Mn. Rs. Mn. Rs. Mn. Rs. Mn. Rs. Mn. Rs. Mn. Rs. Mn. Rs. Mn.
Group
Net Interest Income 4,321.8 4,498.3 4,578.3 4,573.3 17,971.7 3,573.8 3,819.2 4,312.2 4,668.3 16,373.5
Non-Interest Income 1,771.5 1,735.1 1,883.6 2,475.5 7,865.7 1,443.7 1,534.1 1,761.2 2,053.6 6,792.6
Less: Operating Expenses 3,125.7 3,435.0 3,482.6 4,734.6 14,777.9 3,113.8 3,220.4 3,569.9 3,972.4 13,876.5
Profit from Operations 2,967.6 2,798.4 2,979.3 2,314.2 11,059.5 1,903.7 2,132.9 2,503.5 2,749.5 9,289.6
Add: Share of
Profit of Associate Companies 		5.7 2.6 1.1 (0.3) 9.1 1.2 0.7 5.3 3.6 10.8
Profit before Taxation 2,973.3 2,801.0 2,980.4 2,313.9 11,068.6 1,904.9 2,133.6 2,508.8 2,753.1 9,300.4
Less: Income Tax Expense 908.0 824.2 915.1 326.2 2,973.5 797.0 927.5 1,087.0 979.0 3,790.5
Profit after Taxation 2,065.3 1,976.8 2,065.3 1,987.7 8,095.1 1,107.9 1,206.1 1,421.8 1,774.1 5,509.9
Quarterly Profit
as a % of the Profit after Tax 		25.5 24.4 25.5 24.6 100.0 20.1 21.9 25.8 32.2 100.0
Cumulate Quarterly Profit as a % of the Profit after Tax 25.5 49.9 75.4 100.0 20.1 42.0 67.8 100.0
 
Bank
Net Interest Income 4,329.9 4,505.6 4,584.0 4,576.7 17,996.2 3,583.4 3,829.0 4,322.0 4,677.0 16,411.4
Non-Interest Income 1,763.6 1,725.3 1,873.0 2,482.3 7,844.2 1,436.5 1,535.9 1,753.4 2,055.8 6,781.6
Less: Operating Expenses 3,133.7 3,441.1 3,489.7 4,788.5 14,853.0 3,128.1 3,232.0 3,581.1 3,934.5 13,875.7
Profit before Taxation 2,959.8 2,789.8 2,967.3 2,270.5 10,987.4 1,891.8 2,132.9 2,494.3 2,798.3 9,317.3
Less: Income Tax Expense 899.3 816.2 904.6 319.5 2,939.6 790.4 920.7 1,080.4 1,002.6 3,794.1
Profit after Taxation 2,060.5 1,973.6 2,062.7 1,951.0 8,047.8 1,101.4 1,212.2 1,413.9 1,795.7 5,523.2
Quarterly Profit
as a % of the
Profit after Tax 		25.6 24.5 25.6 24.2 100.0 19.9 21.9 25.6 32.6 100.0
Cumulate Quarterly Profit as a % of the Profit after Tax 25.6 50.1 75.8 100.0 19.9 41.9 67.5 100.0

Summary of the Balance Sheets

2011 2010
As at
31-March 		As at
30-June 		As at
30-Sep. 		As at
31-Dec. 		As at
31-March 		As at
30-June 		As at
30-Sep. 		As at
31-Dec.
Rs. Mn. Rs. Mn. Rs. Mn. Rs. Mn. Rs. Mn. Rs. Mn. Rs. Mn. Rs. Mn.
Group
Net Loans & Advances 224,455.1 232,685.9 256,981.8 276,235.2 172,220.1 174,793.3 192,915.7 216,814.9
Investments 123,314.5 118,889.5 115,099.6 105,569.9 116,617.6 127,007.8 129,941.2 117,337.6
Other Assets 46,989.1 46,158.6 49,341.1 59,528.8 45,725.3 36,371.0 41,757.4 36,105.4
394,758.7 397,734.0 421,422.5 441,333.9 334,563.0 338,172.1 364,614.3 370,257.9
Deposits 274,532.2 287,724.7 302,401.5 318,404.3 241,340.3 242,241.3 252,561.7 259,744.6
Other Liabilities 85,515.7 73,438.1 75,576.5 78,332.3 63,319.4 65,791.3 80,531.3 76,974.2
Shareholders’ Funds 34,710.8 36,571.2 43,444.5 44,597.3 29,903.3 30,139.5 31,521.3 33,539.1
394,758.7 397,734.0 421,422.5 441,333.9 334,563.0 338,172.1 364,614.3 370,257.9
 
Bank
Net Loans & Advances 224,664.6 232,879.9 257,160.2 276,394.7 172,449.8 175,066.1 193,158.7 217,038.5
Investments 123,629.5 119,202.7 115,413.4 105,821.8 116,867.4 127,258.0 130,186.6 117,656.3
Other Assets 46,278.4 45,472.3 48,684.9 58,882.8 45,006.1 35,619.0 41,036.6 35,365.3
394,572.5 397,554.9 421,258.5 441,099.3 334,323.3 337,943.1 364,381.9 370,060.1
Deposits 274,572.1 287,826.5 302,483.0 318,461.4 241,382.0 242,269.0 252,617.4 259,778.9
Other Liabilities 85,534.6 73,405.7 75,578.7 78,411.2 63,292.3 65,782.2 80,498.7 76,979.2
Shareholders’ Funds 34,465.8 36,322.7 43,196.8 44,226.7 29,649.0 29,891.9 31,265.8 33,302.0
394,572.5 397,554.9 421,258.5 441,099.3 334,323.3 337,943.1 364,381.9 370,060.1
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