10
Supplementary reports
Ten year summary
| Company | ||||||||||
| 2018/19 | 2017/18 | 2016/17 | 2015/17 | 2014/16 | 2013/14 | 2012/13 | 2011/12 | 2010/11 | 2009/10 | |
| Financial capital | ||||||||||
| Operating result | ||||||||||
| Income (Rs. million) | 32,736 | 28,603 | 23,859 | 19,186 | 20,542 | 20,628 | 18,205 | 12,912 | 9,212 | 7,155 |
| Interest income (Rs. million) | 30,836 | 26,705 | 22,041 | 17,876 | 19,248 | 19,534 | 17,245 | 12,002 | 8,263 | 6,523 |
| Interest expenses (Rs. million) | 15,646 | 14,500 | 11,830 | 7,941 | 9,248 | 11,266 | 10,140 | 6,302 | 3,542 | 3,133 |
| Net interest income (Rs. million) | 15,190 | 12,204 | 10,212 | 9,935 | 10,000 | 8,268 | 7,105 | 5,700 | 4,722 | 3,390 |
| Non-interest income (Rs. million) | 1,899 | 1,898 | 1,818 | 1,310 | 1,294 | 1,094 | 960 | 910 | 949 | 632 |
| Impairment and other losses (Rs. million) | 1,955 | 1,430 | 216 | 258 | 1,645 | 1,218 | 698 | 308 | 18 | 533 |
| Other operating expenses (Rs. million) [Note 2] | 8,549 | 6,903 | 6,338 | 4,844 | 4,274 | 3,757 | 3,232 | 2,522 | 1,931 | 1,389 |
| Profit before tax (PBT) (Rs. million) | 6,585 | 5,770 | 5,476 | 6,143 | 5,375 | 4,387 | 4,135 | 3,781 | 3,721 | 2,100 |
| Income tax expense (Rs. million) | 2,169 | 1,460 | 1,467 | 1,796 | 1,622 | 1,263 | 1,285 | 1,206 | 1,142 | 900 |
| Profit after tax (PAT) (Rs. million) | 4,416 | 4,309 | 4,009 | 4,347 | 3,753 | 3,124 | 2,850 | 2,575 | 2,580 | 1,200 |
| Return on assets (ROA) (%) | 3.95 | 3.71 | 3.99 | 5.19 | 4.75 | 4.15 | 4.70 | 5.62 | 8.59 | 7.45 |
| Cost to income ratio (%) | 37.81 | 39.73 | 45.01 | 37.24 | 34.63 | 37.01 | 36.54 | 32.58 | 27.49 | 27.70 |
| Financial position | ||||||||||
| Cash, balances with banks and reverse repo (Rs. million) |
6,699 | 8,783 | 7,681 | 4,054 | 3,465 | 14,783 | 4,705 | 1,730 | 1,529 | 2,085 |
| Loans and receivables (Rs. million) | 151,708 | 140,165 | 134,055 | 109,872 | 98,411 | 90,218 | 88,404 | 71,289 | 49,385 | 26,717 |
| Investments in subsidiaries (Rs. million) | 3,214 | 3,214 | 2,075 | 1,875 | 1,875 | 1,475 | 1,475 | 3,118 | 1,805 | 900 |
| Investments in Government Treasury Bills and Bonds (Rs. million) | 8,003 | 4,890 | 2,968 | 4,930 | 5,266 | 4,747 | 540 | – | – | – |
| Total assets (Rs. million) | 172,541 | 160,694 | 150,457 | 124,336 | 112,323 | 113,776 | 97,437 | 78,658 | 55,849 | 30,848 |
| Borrowings (Rs. million) | 48,549 | 55,705 | 74,258 | 60,819 | 49,848 | 48,605 | 56,232 | 58,740 | 39,930 | 20,072 |
| Deposits from customers (Rs. million) [Note 3] |
88,369 | 69,763 | 44,723 | 33,836 | 34,094 | 40,921 | 18,847 | – | – | – |
| Total equity (Rs. million) | 28,603 | 27,030 | 24,697 | 22,772 | 21,136 | 19,196 | 18,023 | 16,809 | 8,442 | 6,229 |
| Total liabilities and shareholders’ funds (Rs. million) |
172,541 | 160,694 | 150,457 | 124,336 | 112,323 | 113,776 | 97,437 | 78,658 | 55,849 | 30,848 |
| Financial cash inflows/(outflows) | ||||||||||
| Operating activities (Rs. million) | 14,548 | 27,691 | (998) | (8,533) | (7,351) | 17,218 | 6,819 | (4,956) | (19,535) | (1,257) |
| Investing activities (Rs. million) | 428 | (802) | (159) | (397) | (231) | (170) | (89) | (1,507) | (88) | (998) |
| Financing activities (Rs. million) | (15,182) | (28,716) | 2,926 | 9,156 | (738) | (8,927) | (4,007) | 6,031 | 18,977 | 2,481 |
| Net cash flows (Rs. million) | (206) | (1,827) | 1,769 | 227 | (8,320) | 8,121 | 2,723 | (432) | (646) | 226 |
| Human capital | ||||||||||
| Employees (Numbers) | 2,329 | 2,085 | 2,085 | 1,834 | 1,666 | 1,575 | 1,184 | 1,050 | 855 | 586 |
| PBT per employee (Rs. million) | 2.98 | 2.77 | 2.79 | 3.51 | 3.32 | 2.96 | 3.39 | 3.97 | 5.16 | 3.87 |
| Employees’ salaries and benefits (Rs. million) | 3,438 | 2,974 | 2,556 | 1,807 | 1,565 | 1,338 | 1,026 | 763 | 593 | 386 |
| Natural capital | ||||||||||
| Investment (Rs. million) | 1.94 | 2.19 | 3.37 | 3.36 | 1.17 | 0.52 | 7.10 | 0.67 | 0.45 | 1.03 |
| Trees planted (Nos.) | 14,625 | 6,637 | 5,780 | 10,395 | 430 | 1,130 | 925 | 125 | 117 | N/T |
| Carbon footprint (tCo2eq) (Note 4) | 5,695 | 7,011 | 7,206 | 3,059 | 2,770 | – | – | – | – | – |
| Social and relationship capital | ||||||||||
| Shareholders (Numbers) | 8961 | 8,801 | 9,176 | 9,407 | 8,880 | 10,054 | 9,488 | 10,113 | 8 | 9 |
| Number of ordinary shares (Nos. million) | 1,580 | 1,580 | 1,580 | 1,580 | 1,580 | 1,580 | 1,560 | 1,560 | 50 | 50 |
| Earnings per share (EPS) (Company) (Rs.) | 2.80 | 2.73 | 2.54 | 2.75 | 2.38 | 1.98 | 1.80 | 1.63 | 1.63 | 0.76 |
| Net assets per share (NAPS) (Rs.) | 18.10 | 17.11 | 15.63 | 14.41 | 13.38 | 12.15 | 11.41 | 10.64 | 5.34 | 3.94 |
| Market price per share (Rs.) [Note 5] | ||||||||||
| Highest | 17.30 | 19.20 | 20.10 | 26.50 | 28.00 | 15.70 | 16.70 | 18.30 | – | – |
| Lowest | 12.90 | 15.50 | 15.30 | 15.40 | 14.20 | 13.00 | 10.30 | 11.00 | – | – |
| Closing | 13.40 | 15.80 | 15.60 | 16.00 | 22.10 | 14.30 | 13.10 | 11.60 | – | – |
| Market capitalisation (Rs. million) | 21,170 | 24,962 | 24,646 | 25,278 | 34,915 | 22,592 | 20,436 | 18,096 | – | – |
| Price earnings ratio (PE) (Times) | 4.79 | 5.79 | 6.15 | 5.82 | 9.30 | 7.23 | 7.28 | 7.12 | – | – |
| Dividend per share (DPS) (Rs.) | 1.25 | 1.25 | 1.25 | 1.25 | 1.25 | 1.25 | 1.25 | 1.00 | 1.50 | 1.50 |
| Dividend paid (Rs. million) | 1,975 | 1,975 | 1,975 | 1,975 | 1,975 | 1,975 | 1,950 | 855 | 75 | 75 |
| Dividend yield (%) | 9.33 | 7.91 | 8.01 | 7.81 | 5.66 | 8.74 | 9.54 | 8.62 | – | – |
| Dividend cover (Times) | 2.24 | 2.18 | 2.03 | 2.20 | 1.90 | 1.58 | 1.46 | 3.01 | 34.40 | 16.00 |
| Dividend payout (%) | 44.72 | 45.83 | 49.26 | 45.43 | 52.62 | 63.22 | 68.42 | 33.20 | 2.91 | 6.25 |
| Return on equity (ROE) (%) | 15.88 | 16.66 | 16.89 | 19.80 | 18.61 | 16.79 | 16.36 | 20.39 | 35.17 | 20.56 |
| Return on capital employed (ROCE) (%) | 13.98 | 13.69 | 12.04 | 11.99 | 13.92 | 14.40 | 15.33 | 13.35 | 15.02 | 19.90 |
| Debt to equity (excluding deposits) (Times) | 1.70 | 2.06 | 3.01 | 2.67 | 2.36 | 2.68 | 3.29 | 3.49 | 5.11 | 4.19 |
| Debt to equity with contingent liabilities and commitments (Times) | 1.97 | 2.34 | 3.25 | 2.77 | 2.57 | 2.80 | 3.39 | 3.51 | 5.12 | 4.19 |
| Current ratio (Times) | 0.82 | 0.80 | 0.84 | 0.85 | 0.93 | 0.88 | 0.85 | 0.58 | 0.71 | 0.82 |
| Interest cover (Times) | 1.42 | 1.40 | 1.46 | 1.77 | 1.58 | 1.39 | 1.41 | 1.60 | 2.05 | 1.67 |
| Taxes paid to Government (Rs. million) | 2,942 | 2,109 | 2,828 | 2,915 | 1,793 | 581 | 848 | 1,703 | 1,098 | 918 |
| Taxes collected on behalf of Government (Rs. million) |
1,434 | 1,151 | 1,048 | 1,313 | 1,250 | 1,411 | 908 | 706 | 539 | 1,491 |
| Investment on community based CSR (Rs. million) |
122.23 | 103.78 | 187.64 | 76.25 | 71.68 | 55.48 | 32.90 | 25.33 | 21.55 | 11.97 |
| CA Sri Lanka Annual Report Awards – Overall CSR |
Bronze | Gold | – | – | Gold | – | – | – | – | – |
| CCCSL – Ten Best Corporate Citizen Award | One of the Ten | One of the Ten | Second runner–up | Winner | Winner | – | Winner | – | Winner | Winner |
| Capital adequacy ratios | ||||||||||
| Tier 1 capital/Core capital ratio (required min – 6%) (%) [Note 6] |
14.47 | 18.38 | 17.56 | 19.56 | 20.22 | 19.12 | 21.15 | 25.50 | – | – |
| Total capital ratio/Total risk weighted capital ratio (required min – 10%) (%) [Note 6] | 15.21 | 16.46 | 16.37 | 18.14 | 19.04 | 18.05 | 20.06 | 25.50 | – | – |
| Manufactured and intellectual capital | ||||||||||
| Branches (Nos.) | 103 | 103 | 103 | 92 | 89 | 85 | 33 | 34 | 30 | 23 |
| Brand value (Rs. million) | 8,719 | 6,486 | 7,588 | 9,317 | 4,918 | 4,265 | 3,015 | 1,796 | 1,915 | 623 |
| Credit ratings and key accolades | ||||||||||
| Fitch Ratings Lanka | AA-(lka) | AA-(lka) | AA-(lka) | AA-(lka) | AA-(lka) | AA-(lka) | AA-(lka) | A+(lka) | A(lka) | A-(lka) |
| Fitch Ratings International | B– | B | B | B | B+ | B+ | B+ | – | – | – |
| Standard and Poor’s | Discontinued | B+/B | B+/B | B+/B | B+/B | B+/B | B+/B | – | – | – |
| Business today – Top 30 Listed Corporate Entities |
13th Position | 15th Position | 14th Position | 17th Position | 14th Position | 18th Position | – | – | – | – |
N/T – Not tracked Note: [1] Prior to 2012, all figures are as per Sri Lanka Accounting Standards (SLASs) prevailed at that time. [2] Figures include total operating expenses and tax on financial services (excluding impairment charges for loans and receivables and other losses). [3] After receiving the finance license in 2012, the Company started accepting fixed and savings deposits. [4] The Company initiated to evaluation of carbon emission from 2014. [5] The Company’s ordinary shares were quoted on the CSE on 3 November 2011. [6] Central Bank of Sri Lanka introduced Finance Business Act Directions No. 3 of 2018 Capital Adequacy Requirements with effect from 1 July 2018.