STATEMENT OF CHANGES IN EQUITY
Bank
Note
Share
capital
Capital
pending
allotment
Permanent
reserve
fund
Cashflow
hedge
reserve
LKR ‘ 000
LKR ‘ 000
LKR ‘ 000
LKR ‘ 000
Balance as at 1
January 2022
25,000,000
-
14,491,000
3,239,266
Total comprehensive
income for the year
Profit for the year
-
-
-
-
Other comprehensive
income, net of tax
-
-
-
22,381,369
Total comprehensive
income for the year
-
-
-
22,381,369
Transactions with
equity holder, recognised directly in equity
Surcharge Tax
Dividends for 2022
20.3
-
-
-
-
Capital infusion during
the year
50.1
-
730,000
-
-
Transfer from OCI
54.4
-
-
-
-
Transfers to permanent
reserve fund
51
-
-
640,000
-
Total transactions
with equity holder
-
730,000
640,000
-
Balance as at 31
December 2022
25,000,000
730,000
15,131,000
25,620,635
Balance as at 1
January 2023
25,000,000
730,000
15,131,000
25,620,635
Total comprehensive
income for the year
Profit for the year
-
-
-
-
Other comprehensive
income, net of tax
-
-
-
(20,369,118)
Total comprehensive
income for the year
-
-
-
(20,369,118)
Transactions with
equity holder, recognised directly in equity
Dividends for 2023
20.3
-
-
-
-
Revaluation surplus of
disposed property
54.1
-
-
-
-
Transfers to permanent
reserve fund
51
-
-
534,000
-
Total transactions
with equity holder
-
-
534,000
-
Balance as at 31
December 2023
25,000,000
730,000
15,665,000
5,251,517
Other reserves
FVOCI
reserve
Other
reserves
Revaluation
reserve
Retained
earnings
Total
equity
LKR ‘ 000
LKR ‘ 000
LKR ‘ 000
LKR ‘ 000
LKR ‘ 000
588,427
3,345,420
17,356,542
136,739,177
200,759,832
-
-
-
31,972,408
31,972,408
283,445
7,564,044
(41,060)
(2,380,943)
27,806,855
283,445
7,564,044
(41,060)
29,591,465
59,779,263
-
-
-
(6,738,542)
(6,738,542)
-
-
-
(346,410)
(346,410)
-
-
-
-
730,000
(10,548)
-
-
10,548
-
-
-
-
(640,000)
-
(10,548)
-
-
(7,714,404)
(6,354,952)
861,324
10,909,464
17,315,482
158,616,238
254,184,143
861,324
10,909,464
17,315,482
158,616,238
254,184,143
-
-
-
26,693,526
26,693,526
1,695,983
(1,977,563)
(13,258,191)
(28,989,744)
1,695,983
(1,977,563)
4,919,145
13,435,335
(2,296,218)
-
-
-
(173,205)
(173,205)
-
-
(7,241)
7,241
-
-
-
-
(534,000)
-
-
-
(7,241)
(699,964)
(173,205)
2,557,307
8,931,901
22,227,386
171,351,609
251,714,720
Attributable to equity holder of the Bank
Other reserves
Note
Share
capital
Capital
pending
allotment
Permanent
reserve
fund
Cashflow
hedge
reserve
FVOCI
reserve
Other
reserves
Revaluation
reserve
Retained
earnings
Non-
controlling
interest
Total
equity
LKR ‘ 000
LKR ‘ 000
LKR ‘ 000
LKR ‘ 000
LKR ‘ 000
LKR ‘ 000
LKR ‘ 000
LKR ‘ 000
LKR ‘ 000
LKR ‘ 000
Balance as at 1 January 2022
25,000,000
-
14,491,000
3,239,266
1,483,412
5,186,788
26,302,644
138,104,222
1,589,446
215,396,778
Total comprehensive income for the year
Profit for the year
-
-
-
-
-
-
-
31,994,638
(145,621)
31,849,017
Other comprehensive income, net of tax
-
-
-
22,381,369
1,111,492
9,843,204
1,255,459
(2,397,033)
35,795
32,230,286
Total comprehensive income for the year
-
-
-
22,381,369
1,111,492
9,843,204
1,255,459
29,597,605
(109,826)
64,079,303
Transactions with equity holders, recognised directly in equity
Surcharge Tax
-
-
-
-
-
-
-
(7,042,422)
-
(7,042,422)
Dividends for 2022
20.3
-
-
-
-
-
-
(346,410)
-
(346,410)
Capital infusion during the year
50.1
-
730,000
-
-
-
-
-
-
-
-
-
730,000
Transfer from OCI
Transfers to permanent reserve fund
-
-
-
-
(10,548)
-
-
10,548
-
-
-
51
-
-
640,000
-
-
-
(640,000)
-
-
Change of non controlling interest
-
-
-
-
-
-
134,511
(422,653)
(288,142)
Reversal of unclaimed dividend
-
-
-
-
-
-
1,427
-
1,427
Total transactions with equity holders
-
730,000
640,000
-
(10,548)
-
-
(7,882,346)
(422,653)
(6,945,547)
Balance as at 31 December 2022
25,000,000
730,000
15,131,000
25,620,635
15,029,992
27,558,103
159,819,481
1,056,967
272,530,534
Balance as at 1 January 2023
25,000,000
730,000
15,131,000
25,620,635
15,029,992
27,558,103
159,819,481
1,056,967
272,530,534
Total comprehensive income for the year
Profit for the year
-
-
-
-
-
-
-
27,571,569
46,018
27,617,587
Other comprehensive income, net of tax
-
-
- (20,369,118)
2,415,451
15,029,992
27,558,103
159,819,481
Transfer from fair value reserve
-
-
-
-
2,417,319
1,398,188
3,815,507
Total comprehensive income for the year
3,448,950
2,584,356
15,029,992
27,558,103
159,819,481
Other adjustments
16,480,000
Non-controlling interests
Dividends for 2022
28,000,000
51
-
-
-
-
-
-
(534,000)
-
-
Revaluation surplus of disposed property
54.1
-
-
-
-
-
-
-
-
Transfers to other reserves
-
-
-
-
-
317,149
-
-
-
Reversal of unclaimed dividend
-
-
-
-
-
-
-
-
6,439
Total transactions with equity holders
-
-
-
-
(172,203)
Balance as at 31 December 2023
25,000,000
730,000
15,665,000
5,251,517
4,999,807
13,060,940
33,687,424
173,063,302
1,120,796
272,578,786