| Statutory reserve | Other reserves | ||||||
|
Stated
capital
LKR ’000 |
Reserve
fund
LKR ’000 |
Fair value
reserve
LKR ’000 |
Hedging
reserve
LKR ’000 |
General
reserve
LKR ’000 |
Retained
earnings
LKR ’000 |
Total
equity
LKR ’000 |
|
| Bank | |||||||
| Balance as at 1 January 2021 | 7,682,465 | 2,583,968 | 5,882,811 | (224,095) | 13,779,839 | 19,652,169 | 49,357,157 |
| Profit for the year | – | – | – | – | – | 3,221,863 | 3,221,863 |
| Other comprehensive expenses net of tax | – | – | (3,441,924) | (105,347) | – | (55,184) | (3,602,455) |
| Total comprehensive (expenses)/ income for the year | – | – | (3,441,924) | (105,347) | – | 3,166,679 | (380,592) |
| Transfers | – | 163,000 | – | – | – | (163,000) | – |
| Transfer of gains/(losses) on disposal/write-off of equity investments at fair value through other comprehensive income to retain earnings | – | – | (344,260) | – | – | 344,260 | – |
| Transactions with equity holders of the Bank, recognised directly in equity | |||||||
| Forfeiture of unclaimed dividends | – | – | – | – | – | 9,533 | 9,533 |
| Final dividend for 2020 – Scrip | 917,992 | – | – | – | – | (917,992) | – |
| Total contributions from and distribution to equity holders | 917,992 | – | – | – | – | (908,459) | 9,533 |
| Balance as at 31 December 2021 | 8,600,457 | 2,746,968 | 2,096,627 | (329,442) | 13,779,839 | 22,091,649 | 48,986,098 |
| Balance as at 1 January 2022 | 8,600,457 | 2,746,968 | 2,096,627 | (329,442) | 13,779,839 | 22,091,649 | 48,986,098 |
| Adjustment on surcharge tax (Note 22.4) | – | – | – | – | – | (1,232,490) | (1,232,490) |
| Adjusted balance as at 1 January 2022 | 8,600,457 | 2,746,968 | 2,096,627 | (329,442) | 13,779,839 | 20,859,159 | 47,753,608 |
| Profit for the year | – | – | – | – | – | 2,513,352 | 2,513,352 |
| Other comprehensive (expenses)/income, net of tax | – | – | (3,748,604) | 444,849 | – | 170,336 | (3,133,419) |
| Total comprehensive (expenses)/income for the year | – | – | (3,748,604) | 444,849 | – | 2,683,688 | (620,067) |
| Transfers | – | 128,000 | – | – | – | (128,000) | – |
| Transfer of gains/(losses) on disposal/write-off of equity investments at fair value through other comprehensive income to retain earnings | – | – | (180,213) | – | – | 180,213 | – |
| Transactions with equity holders of the Bank, recognised directly in equity | |||||||
| Rights issue | 3,620,001 | – | – | – | – | (36,089) | 3,583,912 |
| Forfeiture of unclaimed dividends | – | – | – | – | – | 3,494 | 3,494 |
| Final dividend for 2021 – Scrip | 961,567 | – | – | – | – | (961,567) | – |
| Total contributions from and distribution to equity holders | 4,581,568 | – | – | – | – | (994,162) | 3,587,406 |
| Balance as at 31 December 2022 | 13,182,025 | 2,874,968 | (1,832,190) | 115,407 | 13,779,839 | 22,600,898 | 50,720,947 |
The notes to the financial statements from pages 211 to 355 form part of these financial statements.
| Attributable to the equity holders of the Bank | ||||||||||
| Statutory reserves | Other reserves | |||||||||
|
Stated
capital
LKR ’000 |
Reserve
fund
LKR ’000 |
Fair value
reserve
LKR ’000 |
Exchange
equalisation
reserve
LKR ’000 |
Hedging
reserve
LKR ’000 |
General
reserve
LKR ’000 |
Retained
earnings
LKR ’000 |
Total
LKR ’000 |
Non-
controlling
interests
LKR ’000 |
Total
LKR ’000 |
|
| Group | ||||||||||
| Balance as at 1 January 2021 | 7,682,465 | 2,583,968 | 4,439,846 | 103,054 | (224,095) | 13,779,839 | 23,061,084 | 51,426,161 | 282,589 | 51,708,750 |
| Profit for the year | – | – | – | – | – | – | 3,548,938 | 3,548,938 | 116,173 | 3,665,111 |
| Other comprehensive (expense)/income net of tax | – | – | (3,440,331) | 60,147 | (105,347) | – | (51,234) | (3,536,765) | 296 | (3,536,469) |
| Total comprehensive (expense)/income for the year | – | – | (3,440,331) | 60,147 | (105,347) | – | 3,497,704 | 12,173 | 116,469 | 128,642 |
| Transfers | – | 163,000 | – | – | – | – | (163,000) | – | – | – |
| Transfer of gains/(losses) on disposal/write-off of equity investments at fair value through other comprehensive income to retain earnings | – | – | (344,260) | – | – | – | 344,260 | – | – | – |
| Transactions with equity holders of the Bank, recognised directly in equity | ||||||||||
| Forfeiture of unclaimed dividends | – | – | – | – | – | – | 9,533 | 9,533 | – | 9,533 |
| Final dividend 2020 – Scrip | 917,992 | – | – | – | – | – | (917,992) | – | – | – |
| Dividend distributed to non-controlling interest by subsidiaries | – | – | – | – | – | – | – | – | (81,900) | (81,900) |
| Total contributions from and distribution to equity holders | 917,992 | – | – | – | – | – | (908,459) | 9,533 | (81,900) | (72,367) |
| Balance as at 31 December 2021 | 8,600,457 | 2,746,968 | 655,255 | 163,201 | (329,442) | 13,779,839 | 25,831,589 | 51,447,867 | 317,158 | 51,765,025 |
| Balance as at 1 January 2022 | 8,600,457 | 2,746,968 | 655,255 | 163,201 | (329,442) | 13,779,839 | 25,831,589 | 51,447,867 | 317,158 | 51,765,025 |
| Adjustment on surcharge tax (Note 22.4) | – | – | – | – | – | – | (1,274,906) | (1,274,906) | (34,986) | (1,309,892) |
| Adjusted balance at 1 January 2022 | 8,600,457 | 2,746,968 | 655,255 | 163,201 | (329,442) | 13,779,839 | 24,556,683 | 50,172,961 | 282,172 | 50,455,133 |
| Profit for the year | – | – | – | – | – | – | 2,932,475 | 2,932,475 | 109,436 | 3,041,911 |
| Other comprehensive (expenses)/income, net of tax | – | – | (3,737,559) | 440,917 | 444,849 | – | 173,556 | (2,678,237) | 342 | (2,677,895) |
| Total comprehensive (expense)/income for the year | – | – | (3,737,559) | 440,917 | 444,849 | – | 3,106,031 | 254,238 | 109,778 | 364,016 |
| Transfers | – | 128,000 | – | – | – | – | (128,000) | – | – | – |
| Transfer of gains/(losses) on disposal/write-off of equity investments at fair value through other comprehensive income to retain earnings | – | – | (191,258) | – | – | – | 191,258 | – | – | – |
| Transactions with equity holders of the Bank, recognised directly in equity | ||||||||||
| Rights issue | 3,620,001 | – | – | – | – | – | (36,089) | 3,583,912 | – | 3,583,912 |
| Forfeiture of unclaimed dividends | – | – | – | – | – | – | 3,494 | 3,494 | – | 3,494 |
| Change in holding through joint venture | – | – | – | – | – | – | 47 | 47 | – | 47 |
| Final dividend for 2021 – Scrip | 961,567 | – | – | – | – | – | (961,567) | – | – | – |
| Dividend distributed to non-controlling interest by subsidiaries | – | – | – | – | – | – | – | – | (85,800) | (85,800) |
| Total contributions from and distribution to equity holders | 4,581,568 | – | – | – | – | – | (994,115) | 3,587,453 | (85,800) | 3,501,653 |
| Balance as at 31 December 2022 | 13,182,025 | 2,874,968 | (3,273,562) | 604,118 | 115,407 | 13,779,839 | 26,731,857 | 54,014,652 | 306,150 | 54,320,802 |
The notes to the financial statements from pages 211 to 355 form part of these financial statements.