seylan bank plc-interim review 1q 2012

8/6/2019 Seylan Bank PLC-interim review 1Q 2012

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On •Balance Sheet Aaeta

Cash inhand

Balances with Central Bank of Sri Lanka I Other- Central BanksDue from Banks and other Financial InstitutionsInveatmenu •TradiAlt Account

Government Securities

Other SecuritiesInvutmenu· Held to MAturity (Net of Provlaion /(Reversal) Made for

Decline in Value of Inveatmenta o ! I r . Im.airmcnt Lou)

Government Securities

Other securities

Addl!Lessl: Increa.se/rDedinel in value of InveetmenteInve.tm.euta iu Aaaociate. and Sub.;idiarle.

Less: .lmoairment Loss on Investments

Total Loans .. .. AdY&D.cea

Total PerIormln£ Loana and Advane_

Bills of Exchanp;e

Overdrafts

Lease Rentals Receivables

Other Loans

Interest Receivable

Total Non - PerfonnmR Loan. and Advance.

Bills of Exchanae

OverdraftsLease Rentals Receivabl"

Other Loans

Interest Receivable

Total G:ro.. Loan.a and Advanees

Len :

Interest in SuspenseSpecific Loan Loss Provisions

General Loan Loss ProvisionsNet LoaDS :and Advane_

Other Assets

Income Taxation

Deferred Tax Assets

Group Balances Receivable

investment P1·opertiest-roperty, P ant ~ ~qulpment (Nc tc faccumll iatcd d cp ICCiat ion )

Total on Balance Sheet Assets

H EA D O FFIC E / RE GIS TE RE D O FFIC ESEY LAN TOWERS

P .O . B ox 400, 90, G alle R oad, C olom bo 3, S ri Lanka.P ho ne (9 4)-(1 1)-2 45 67 89 ,4 70 10 00Fa x (94)-(11 )-2456456 SW IF T: S EY BLKLXW eb S ite: www.eseylan.comE-mai l info@seylan. lkCo. Reg. No. : P O 9

Y ou r re f

O ur re f

~.... t A.. t G r o : t I t .... t A.. t G r o , : ' U t

30/06/2011 31/12/:1010 30/06/2011 31/12/2010

4.372.592 3,742,989 16..G 4,372.632 3,744,545 16.77

6,246.927 5A53,833 14.54 6.246.927 5.453.833 14..54

4.824.059 2,339.653 106.19 4,825.141 2,339,653 106.23

9.460.416 15.414.332 (38.631 9.460.416 15,414,332 (3B.631

908,783 830,016 9.49 908.783 830.016 9.49

25.675.623 19.639.692 30.73 25.675.623 19.639.692 30.73

3.447.549 3.528.426 12.291 3,504,147 3,587.149 ~.311

1110.370) 86.270 (227.941 1166.699\ 29.941 /656.76,

793,254 358,916 121.01

(1.440.393) 1978.836) 47.15 {1.440.3931 1978.836\ 47.15

695,392 1.242.344 144.031 695.392 1.242.344 /44.031

21.115.322 19.755.984 6.88 21.115.322 19.755,984 4.88

4.690.031 3.899,243 :l0.~8 4.690.031 3.899,243 20.28

56.137.238 50.708,039 10.71 56.137,238 50.708,039 10.71

617.106 786,187 /21.511 617,106 786.187 /21.51183,255,089 76,391,797 S.98 83.255,089 76,391,797 B.IIB

21.767 173.280 (87.441 21.767 173,280 /B7.441

3,690.290 4,257,090 (13.311 3,690.290 4.257,090 113.311

345.918 323,937 6.79 345,918 323,937 6.78

16,531.078 18.151.300 'S.931 16.531.078 18.151.300 18.931

2.924.847 2.788.452 4.89 2,924,847 2.788.452 ".8923, 513, !H) () 25, 694, 059 ,S.491 23,513,900 25,694,059 '8.491106 ,768 ,989 102 ,085 ,856 4.59 106,768,989 102,085,856 4.59

(4,883.213l {4.839,2321 0.91 (4.883.2131 (4.839,2321 0.91

15.392.8071 (5.716,8241 15.671 (5,392,807) (5.716.8241 /5.671(455,429) (570,6551 I~O,19 (455.429) (570.6551 (20,191

96,037,540 90,959.145 5.58 96,037,540 90,959,145 5.SB

5.289,210 4.255.449 24.29 5.565.445 4.492.474 23.BB

74.679 42,026 77.70 77.706 45.015 72.62

317.605 269,562 17.82 317.605 269,562 17.82

77,217 461,843 IB3.2B}

488.713 488.713 1.442,946 1.452,598 ~:66J:2 925 751 3,010495 2.81 4203933 4309121 44

IS9 389 IS! 149902 !24 6,33 1610317:52 lSI S88 240 6.23

11.846.226 10.412,017 13.77 11.846.226 10,412,017 13.77

37.687,885 36.155,800 4.24 37.687.885 36.155.800 4.24

6:2.462.839 6 0.053,709 4,01 62.462,839 60,053,709 4.0J786,561 820,571 (4.14} 786,561 820,571 /4.141

3,394,399 3,:269.812 3.81 3,394.399 3,269,812 3.Bl116,177,910 110.711.909 4,94 116,177,910 110,711,909 4.94

627.544 757,286 117.131 627,544 757.286 117,13J652,680 1100. DO} 80,902 652,680 187.601

2,043,703 1,443,000 41,63 2,043,703 1,443,000 41.63

7,216,671 9,429,348 (23. .f7) 7.216,671 9,429,348 /23.47J3,996,365 3,996,365 3,996,365 3,996,365

1.565.503 1.533,719 ~.O7 1.565.503 1.957.278 {20.021

15,449,7&6 17,812,398 (13.261 15,530,688 18.235,957 (14.83}

148,890 8,:255 1,703.63

11,168,024 9,272,937 20.44 11,313,118 9,383,647 20.56

142,944.610 137,805,499 3.73 143,021,716 138,331,513 3.39

10.259.353 5.567.820 84,26 10,259.353 5,567,820 84.26

568.368 568,3585:771

568.368 568.3685616824 5960837 6 057 084 6365507 4.85

16.444,545 12,097,025 35:94 16,884,805 «.~~:~~ 35.06

1,125.231 49.03

1 444,545 12,097,025 35.94 18 010 036 13.256,727 38

1:59389 ISS 149902524 6.33 161031752 151 588240 6.23

16,453,655 16,289.027 J.OJ 16,5:20,655 16,356,027 fO l1348:2 722 13908,051 3.06 13482722 13908051 3.06

29936377 30197078 (0.86 30003377 30264078 0.86

3,547 3.622 12.071 3.578 3.657 12.16197 95 2.11 97 95 2.11

48.S4 47,58 2.02 49.84 49.17 1.36

Total Depoaita

Demand DepositsSavings DepositsTjrne Deposits

Margin Deposits

Other Deposits

Total BOrTowin,p

Borrowines from CBSL

Borrowings from Banks and Financial Inetituticne in Sri Lanka

BOITowinRS from Banks and Financial Institutiona Abroad

Securities Sold under repurchase aareementsSubordinated Term Debt

Qth",r Borrowinza

Group Balances Payable

Other Liabilities

Total On Ba1anee Sheet Lia.bllltiea

Equity C•• ital and Rellerv_

Stated Ca'Qital

Statutorv Reserve FundTotal Other Reserves

Miuority l:u.tclI:_t

Total E ul Ca It al an R.... eI'Ve.

Total On •Balance Sheet LiabiUties and Equity Capital and Reserves

Off· Balance Sheet I tem. and Contra Aeeounu

Contingencies

Commitments and Contra Accounts

Memora.n~um In ormation

Number of EmoloveesNumber of Branches

Net Auet Value Per Ordinary Share (R....)

July 25, 2011

ColoIDbo

R. NadDraJahExecutive Director

Execut ive Directors: Eastman Narangoda (Chairman), R Nadarajah

Independent Non-Executive Directors: Nihal Jayamanne PC, Lalith With ana, Rear Admiral (Rtd.) Ananda Peiris

Non-Executive Directors: Ajith Devasurendra, lshara Nanayakkara, Samantha Ranatunga, Mohan De Alwis, Piyadasa Kudabalage

http://www.eseylan.com/

mailto:[email protected]





S E Y L A NBANK PLC

HEAD OFF IC E I REG IS TERED OFF IC ESEY LAN TOWERS

P.O. Box 4 00 , 9 0, Galle Road, Colombo 3 , S ri Lanka.Phone (94) -(11 ) -2456789 , 4701000Fax (94)-(11)-2456456 SW IFT: SEYBLKLXWeb Site: www.eseylan.com

E-mail [email protected]

Co. Reg. No. : PO 9

You r r ef

Our ref

"T. I.~OTCHl .MlDIN"QUl'TTANDRABRn. . ... . .NK'

. .. · 000

. . . f .o;"""nt,. ... " " " ' . " . ; J 0 4 h . t u " .hit!!! I P ' _ " " papUa! ••_ml

OHluat']' MII oI I Cq . . .. q . . U . . ..~ R... . , o I I " o I I .p.!llrd.b-II ' R . . .Ju.t!aa 0.....&1; ott.... laa ..... . , . . t "O-.. lulOlJ Ku .. • :at.oiI .I I . . .J.t.. 11-_hlllil . . . . a.••I II RlH.tI R••• n•• R "I "oI 1 IllAUMi •• tl

\ 1 ' 0 , 1 1 1 1 . 1 Vaun. h.'.:reac. ... taiald: ....aRt

......I. lb........ Ok,,", I a••at.d.1 EIlutatdl

fl . M01{011lOIDI~ .".1..:1) J.~-e.L.OOO ],2J5.6oo JJ.JOL &37.319 ~Oe..9]9 1::Z:;;.2~8 33.7&7 -IL8.02L 3.919.187 10,170..7 :1P I I O( l .L I{LAIII~I f h r I I I (! p , ,! r i< 1 o !1 5W,5]4 1!I1(1,.!l"

~QI r l1ml U....; :n.: :" Ihl l~ I~ ne 1-=II I; o;~

' I ~ I r .ml l l l ' . !OUl IUI),73tl) Ull.710J

or:ll:yllllu IIl1uk "~ld!l MmLliIClc,cnt LI~I. 101 I l - ' J . 5 '1 ' . 1 , ' . 1 : 1 1 9i1~I:iI"

U at : :JD/U6/" l0 10 ! A . . I.,hdl ::J_61 000 1 ::l:J!lfOO 33 901 131,31' 'oti 11. 1i1apl t aD au jljI TIl '1100,1 1il!!:jlllJ 1101T .."],

:l.4(jI.mJlJ r . a a s . o o o jJ.iju H:.i7.:l-1? [,(i8.:lGIi 7! l- .7 6 '1 4 liO .t..!:I 33.7H7 H.II.u~j 4.1)69.L37 12.017+0'.11

c)rjl~~llnCl1(,~lllllnl {I,~~o.ooo 1.1--1I.CJ.:1:~ 41'91~:II .14.

1 ' 1( I f\ tJ I ! . . n l ~; fCl r the ! )er lc ! ' .1 ~)""~') 490.4U~

~ cl l r ro m r1( IOCIVC~Ihwl l l l J. ~h ( ) 1N: : Iw . l

11120JI t;1~3-.~60~ l:tlii3.dIIoiJl. ~~ ~ 2 : i ! ;;t§:iI~

IIIII~",;"I!I)Ja lc .. .,. a JOI015l1OI1 111171 ,OOO 3,677,133 33,1101 • . J ! ,3- !9 CiIl!l!,361 I!,76S11 46ct,I~:S 33,Z-1 I!IJ3,3:U 4I:1!i~9,Ul

ttr..1aoutr c» ctUM al ll JtQ-Wr r. AJf1 J . .. .. 1UIrI&If . Ql lcOOF

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O f .U • . .. ,. . . . . . ............ L . p,•• I..- . . . . . . . . . . . . . . . . _ . . . . . . ._ , . . . . . L • • • _ . . . . . / 1.4., ••4

V"Unl V..Un& r,.r•••!Ii ...bill•.Lpnonl

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I I- .l al l" " a . a t 01/01j:1010 Ii•• I.hd. I 11],.1)61,000 1.'31311,600 3-:1,'01 .3",31D ~CW5,'II1' 4 a, -I I9c~ 01 ;. :1, '9:1 a:),"I" 111'31, :30" 3,, ,a3, 'lGa 11,011.41$4 7111,. :111. 11,.... ,:193

r tet r ' rc ru (/Loill ror Ihl ~~ r i o c~ ,501.:) :)9 &01.33. r.lJ<8'tJI ~.:l•I I I .TnllllrflI' 10 J Irom RUtln11 durinr: thll ;~rlO(~nh ..~I~lIciIII :l010 11'::16.180! 11~ .. , . . mO ( l o !: < ) u. o H ,h "U ( lU o r n . .~ l lL n D . l lk hn ...M"I\"I t " ' f I~" '~' l LM. 1l.~.l31 11. '.3310 . • •a l. ,; !~ . . .. . , 3D .. • 0 R .. .d ,

DO O • 000.,.., ., • • l!Iod III g- • • • la 19 33 • • 3 • • ••

1~1I~"Il. ",I O l /OH20L 1 :l.161.0Q0 1.235-.600 3.:1.,01 637.319 5!i6 •.36a 19.769 818.177 33.167 67:l;~31 "'.7.5!lI.9",O 1 2 .: 50 1 • • ' 11 0 155.032 l'.:U~III.n1

el f fnl.l'lt-ulllleru'a o r - I ' I . . . II:,;I:l.c dCAtli~ AI J. '25O.000 1."'~1.5J3 4.'91.~ 379.168 a.OTl,DOl

l loz l l l i l l ! lo l i l fer the ""rioo 154.8631 184.IUI 13.084 tol)""'1mu.f"r to I fl'onl R . , . " r v . , ~ I ~ \ l f i ; n ~il .. ".,.riqo!i~ h lm~lln :10 I L t .i :5:'.SC .o l t"IL3i.~1 liliP .....D1

T u ' l : : . . . . . m ' t t n . I ; ; ~ l ••A~~!;i!j~_!.1 ..uU~l i lOLI 611t.~,Gll,I3.3 33 pOI o:Ll,alP !!I61,;""" 7? 7411 III 771 33717 If ":4 .011

~Non Re l ll ! tl l ll a ll i ll P le ( elo :nC t fSha ll t swale la - dassU l tr u & . I t I " iJe:5 lgnawd as . . . . .dnmllbl ... duling th e 200 qua l te - ror2011.

Execut ive Directors: Eastman Narangoda (Chairman), R Nadarajah

Independent Non-Executive Directors: Nihal Jayamanne PC, LaJith Withana, Rear Admiral (Rtd.) Ananda Peiris

Non-Executive Directors: Aji th Devasurendra, Ishara Nanayakkara, Samantha Ranatunga, Mohan De Alwis, Piyadasa Kudabalage







.S~!~Nrjtvf/

CASH FLOW STATEMENT

For the period

Cash Flows From Operating Activit ies

Interest Recelpts

F".e~ ; ;: .nd Commission Receipt .! :;

lntarest Payments

E x ch a n ge I n co m e

R ec ei pt s f ro m O th er O p er at in g A cl iv ,t if !: S-

C as h P a ym en ts to Employe.' . nd S up pl ie rs

Payments on Olher Operating Activities

Operating Profit befo re Changes In Operating Assets &

Liabilities

(Increase)/Decrease In 0peratlng Assets:

F u ndS I Adv a nce d to) I R ep ai d b y C us to m er s

D ep os its H eld f or R eg ula to ry o r M on eta ry C on tro l P urp os es

Increase/(Decrease) In 0peratlnQ liabilities;

Deposits from I (Withdrawal. by) Custom.",

Nogollpblo C.rtmcpte. of Depo.lt

Cash (Used In) / Generated from Operations

Income Tal l: tt !: ; Paid

Conlr lhul lon Paid Intn Siaff Ret irement Benef il Plan

Net Cash (Used in) I Generated f rom Operat ing Activi ties

Cash Flows f rom Invest ing Act iv it ies

lrwestrnent ~nSubsidiary & Associate Company Shares I Debentures

D i vi de n dS Re ce iv e d

T re a su ry 5 1 11 s IB o nd s Ma tu ~n g ane r 03 Monlhs

Purchase af Dealing Secunues

P re ce ee e f ro m S al e o f D ea li ng Sec:uritJes

Pureheee of Non DcaHng Socurilic3

Prcceedu from Sole of Non Deoling Securitie~

P urc ha se o f Property, Plant& Equi pmen t

Proceeds from Sal-aof Property, Plant & Equipment

Pun :: : :has i: ! -o f I nves tment Pr ope r ty

Not Cash (Used in) / Generated from Investing A ctfvltles

Cash Flows f rom Financ ing ActlvlUes

P ro ce ed s f ro m ls su e o f N f! w S he ro fts

S ec uri tie s S old u nd er R ep urc ha se A gre em en ts

Net Increase I (Decrease) InOther Borrowlnps

D iv id en ds P ai d

Net Cash (Used In) / Generated f rom Financing Activi ties

N et ln c: re as e/ (D ec re as e) i n C a s! ) & Ca sh Eq ui v al e nt s

C as h II C as h E qu iv ale nts a t b "\j in nin g of t he Pe rt o o

Cash & Cash Equivalen ts at end of the Per lod

Reconciliation D f Cash & Cash Equivalents

Cash & Cash Equivalents

T re as ury B ills I 5 0"d s M alurin g w ithin 03 Monlhs

Sccut l tiC-$ PlJ rch.e l lsod I Jr 'l dc r R e se le Ag re emen t

HEAD O FF IC E I REG IS TERED O FF IC ESEY LAN TOWERS

P .O . B ox 400,90, G alle R oa d, C olo mbo 3, Sri la nka .Phone (94)-(11 j-2456789, 4701000Fax (94)-(11 -2456456 SW IFT: SEYBlKLXWe b S ite : www.eseylan.com

E-mail [email protected]

Co . Reg. No. : P O 9

Ro,OOO'

BANK GROUP I

For tho 06 months ended For the 06 months ended

30th June 30th June

2011 2010 2011 2010

Reu:las:sifiea

6,855,037 7.911,720 6,832,131 8,026,064

722,446 607,940 817,169 696,979

(3,887,909) (4,357.360) (3,914.347) (4,474,813)

310.614 174,314 310.614 174,314

324.951 325.600 32~,951 325,600

(2,764,BB3) (3,OBUI44) 12,756.303) (3,091,629)

129,B24) 130,276) (29,824) (30,276)

1,530,432 1,549,994 1,582,391 1,626,039

You r r ef

Ou r r ef

(4,940,939)

1793,094)

(1,721,898)

270,404

(5,466,200)

(793,094)

(2,136,112)

270,535

5,375,424 1,267,811

124,587 269,295

1,296,4fD 1,63S,G06

(60,000) (60,000)

(10B,966)

1,236,410 1,466,640

(434,338)

6,018 2,801

2,Q43,743 (333.669)

(528,726)

395,423 547,393

(618,525)

215,000

(297,556) (61,389)

73,455 35,173

1,473,019 1628,416J

5,375,424 1,267,811

124,587 269,295

Ul,10! 1,295,5"

(60,038) (60,000)

(10B,966)

76J,070 1,126,602

6.018 2,801

2,043,743 2,302,706

(528,726)

395,423 547,393

(28) (818,525)

217,623

(297,556) (61,776)

77,824 52,531

(361)

1,913,940 2,025,130

4,691,533 4,691,533

(2,212.677) 5,110,618 (2,212,677) 2,814,445

291,310 436.316 323.295 344,186

(239.826) (129.931) (239.628) (129.931)

2,530,338 5,417,003 2,562,323 3,028,100

5,239,767 612t:i5122.7 5,239,333 6,180,432

1,058,524 7,754,530 7,0(;0,000 7,031,537

12,298,291 14,009,165 12,299,413 14,011,969

8 1:;49+637 5,202,783 815501759 5,204.967

3,101,040 G,095,300 3,101,640 6,095,300

647,014 2,711,662 647,014 2,711,682

12,298,291 14,009,765 12,299,413 14,011,969

Execut ive Directors: Eastman Narangoda (Chainnan), R Nadarajah

Independent Non-Executive Directors: Nihal Jayamanne PC, Lali th Withana, Rear Admiral (Rld,) Ananda Pelris

Non-Execut ive Directors; Aji th Devasurendra, lshara Nanayakkara, Samantha Ranatunga, Mohan De Alwis, Piyadasa Kudabalage







HEAD OFFICE IREGISTERED OFFICESEYLAN TOWERS .

P .O . Box 400 ,90 , Ga lle Road, Colombo 3 , S r i Lanka.P ho ne : (9 4)-(1 1)-2 45 67 89 , 4 70 10 00Fax: (94)-(11)-2456456 SWIFT: SEYBLKLXWeb Site: www.eseylan.com

E-mail: [email protected] . Reg. N o. : P O 9

Your ref:

NOTES Our r et :

1.1 General

There are no changes to the accounting policies and methods of computation since the

publication of tile last Annual Report. The interim financial statements are presented in

accordance with SLAS 35 - Interim financial reporting.

The group financial statements comprise a consolidation of the financial statements of the

company and its subsidiary, Seylan Developments PLC (51.83%).

1.2 Information on Ordinary Shares

MARKET VALUE 30/06/2011 30/06/2010

Voting Non Voting Voting Non Voting

Market Value Per Share 68.60 34.00 81.75 45.75

Highest puce per share for the 78.50 50.00 94.00 49.50

Quarter ended

Lowest puce per share for the 62.10 33.60 47.00 25.75

quarter ended

1 . 3 Shareholders Information

Twenty Largest Ordinary Voting Shareholders as at June 30, 2011

No. Shareholder No. of (%)

Shares

1 Sri Lanka Insurance Corporation Ltd 25,999,999 15.00

2 Brown &Company PLC src No.1 24,049,888 13.87

3 LOLC Investments Ltd 16,555,954 9.55

4 Employees Provident Fund 13,684,035 7.89

5 Bank of Ceylon 13,000,000 7.50

6National Development Bank PIc/Dr. TSellthilverl

13,000,0007.507 Dr. W.U.N. Gamage 10,335,200 5.96

8 Dr. T. Senthilverl 4,333,333 2.50

9 Seyfest (Private) Limited 2,972,596 1.71

10 Miss M.D. Bollagala 2,433,000 1.40

11 Sesot (Private) Limited 2,244,800 1.30

12 Seybest (private) Limited 2,132,900 1.23

13 Seyshop (private) Limited 2,132,900 1.23

14 Esots (private) Limited 2,115,857 1.22

15 Ceylinco Ltd. 1,680,896 0.97

16 The Finance Company PIc A/C No 1 1,450,223 0.84

17 Aviva NDB Insurance PIc A/C No.o7 1,079,366 0.62

1

Executive Directors: Eastman Narangoda (Chairman), R Nadarajah

Independent Non-Execut ive Directors: Nihal Jayamanne PC, LaUth Withana, Rear Admiral (Rtd.) Ananda Peir is

Non-Executive Directors: Ajith Devasurendra, lshara Nanayakkara, Samantha Ranatunga, Mohan De Alwis, Piyadasa Kudabalage







18 : r v I r . K.R.B. Fernando19 Sotse (Private) Limited

20 "Mr. R.K. Seenivasagam

1,000,000962,331

548,800

0.580.56

0.32

Twenty Largest Ordinary Non-Voting Shareholders As At June 30) 2011

No. Shareholder No. of (%)

Shares

1 Lanka Orix Leasing Company Plc 20,045,989 12.17

2 Employees Provident Fund 9,480,434 5.76

3 Browns Investments (pvt) Ltd 7,542,275 4.58

4 Mr. E. Thavagnanasooriyam Goincly with Mr. E 2,789,866 1.69Thavagnanasundaram)

5 Associated Electrical Corporation Ltd 2,418,766 1.47

6 Pershing LLC S/ A Averbach Grauson &Co. 2,202,933 1.34

7 Merrill J Fernando &Sons (Pvt) Limited 1,830,000 1.11

8 :Miss M.D. Bollagala 1,691,200 1.03

9 Mr. DlN. Hettiarachchi 1,658,200 1.01

10 Mr. L.M.S.I-L Alnaqib 1,583,333 0.96

11 Acuity Partners (pvt) Limited/Mr. E. 1,575,000 0.96

Thavagnanasooriyam/Mr. E. Thavagnanasundaram

12 Mr. E. Thavagnanasundaram 1,558,600 0.95

13 Fast Gain Internationl Limited 1,530,700 0.93

1 4 - : r v I r . N. Balasingam 1,518,403 0.92

15 National Savings Bank 1,496,666 0.91

16 :Mr. E. Thavagnanasooriyam 1,461,100 0.89

17 Asian Alliance Insurance PIc-General Fund Account 1,416,400 0.86

Number 0 1

18 .Almar Trading Co (pvt) Ltd 1,346,400 0.82

19 Mrs. L.E.M. Yaseen 1,340,000 0.81

20 Mr. A. Singh 1,270,000 0.77

Percentage of Public Holdings as at June 30, 2011

• Ordinary Voring Shares - 61.51%

• Ordinary Non-Voting Shares - 87.74%

2



1.4 Directors' and General Manager/Chief Executive Officer's Shareholdings as at June 30,2011

Name ofDirector

Mr NMJayamanne

No ofShares No ofSharel!

( O r d i n a r y V o t i n g ) ( N O I 1 - 1 J O t i l l g j

45,733 32,000

13,333 N i l

3,000 N i l

23,363 N i l

N i l N i l

N i l N i l

N i l N i l

N i l N i l

N i l N i l

N i l N i l

Mr E N arangoda

Mr R Nadarajah

Mr P L P Withaml

Rear Admiral (Rtd.) B A J G Peiris

Mr A L Devasurendra

Mr r c x anayakkara

Mr S P S Rana tunga

Mr A M Mohan De Alwis

Mr P Kudabalage

Shares held by General Manager/CEO

Mt K P Ariyaratnc

Jointly with Mrs. N IAriyaratne

20 ,800

37

114,400

1.5Rights Issue

The Rights of Ordinary C V oting and Non-voting) Shares of the Bank concluded during the

month of June 2011 and a sum of Rs. 4,691,533,285/- was raised. The Rights Issue of the

Banks' subsidiary, Seylan Development PLC also concluded in June 2011 and a sum of Rs.813,

806,730/- was raised by them.

1.6Extra Ordinary Cost (VoluntaryRetirement Scheme (VRS)Offer)

The management announced a Voluntary Retirement Scheme in March 2011 and 300

employees in different grades were offered early retirement benefits under this scheme effective

on 30 June 2011 and its full cost of Rs.700Mn has been accounted during the quarter. With the

finalization of VRS, Bank plans to further consolidate its stability by improving some of the

Key indicators including profitability and optimum level of efficiency.

Bank's Operating Profit before the extra ordinary cost (VRS Cost) is Rs.831.978Mn for the six

months ended 30, June 2011.

3



1.7 Provisions for Loans and Advances - Ceylinco Group Exposure

In view of the special circumstances under which the Bank was reconstituted by the Direction

of the Central Bank of Sri Lanka, the Monetary Board has granted an exemption to Seylan Bank

PLC, from the requirement to apply progressive discount on the forced sale value of

immovable property, in terms of the Banking Act Direction No. 03 of 2008 on "Classification

of Loans and Advances, Income Recognition and Provisioning" when computing tile

provisioning to be made as at 31't December 2010, for non-performing facilities of Golden Key

Credit Card Company and Ceylinco Homes International

1.8 Stated Capital as at June 30, 2011

43,560)000 Voting Ordinary Shares @ Rs. 10/- each

86,440,000 Voting Ordinary Shares @ Rs. 35/- each

43,333,333 Voting Ordinary Shares @ Rs. 75/- each

Rs 'OOO

435,600

3,025,400

3,250,000

123)560,000 Non Voting Ordinary Shares @ Rs.10/- each

41,186,666 Non Voting Ordinary Shares @ Rs.35/- each

1,235,600

1,441,533

3,390,100 Redeemable, Non-Cumulative

Non-Convertible, Non-Voting) Preference Shares } 33,901

Share Premium 837,319

10,259,353

1.9 Post Balance Sheet Events.

The Banks' Debenture Issue 2006/2011 totaling to a sum of Rs.1, 257,315,000/- matured on

12thJuly 2011 and tile Bank corrnnenced redeeming them to the holders of the debentures on

the said date.

1.10 Others

There were no material changes in contingent liabilities, composition of Assets and Liabilities

and use of funds raised by the Bank. All known expenses have been provided for in these

Interim Accounts.

4



H EAD O FF IC E I REG IS TERED O FF IC ESEYLANTOWERS

P.O.Box 400, 90, Galle Road, Colombo 3, Sri Lanka.Phone (94)-(11)-2456789, 4701000Fax (94)-(11)-2456456 SWIFT: SEYBLKLXWeb Site: www.eseylan.comE-mail [email protected]

Co. R eg. N o. : PO 9

Your ref :

Our r ef

SEGMENT REPORTING-GROUP

1,11

liI.nklng Can.um.r jl'~nanc. r ....... ul')l Prope r ty JlMlJ4lm .n l Ellrnlnl.tlon:liUn~Jlocd4d Con.nll.d.t.d

3D.llII!I.:Z011 JO.06.201D JO,OI.2011 JII,UCi.:iilO10 JIJ.UI$.21)11 30.015,2010 JO,015,2011 30.011,201(1 30.015.2011 30.0d.20"'. JO,OIl5.2011 Jll'.OG.2010

RI :OOD R : s : O O O RI. '(JOO Rs.'OOO ", :" '00 R s > ' Q O O : M . , - O O ' D Ra. 'oOO R,."oOQ Ra:OOO RI."OI l 'O RI, 'OOO

11I1"ltf~::'IllnOOWI::II 5,54fl,:'I34 5,2:92,102 371,014 312,545 1,710 ,4: : ! 5 2,6;)6,600 2,519 23 6 ,08.5 15,4B9 7,6::!B,o;B7 B,25S,1-!l-e

othor lnecme 036,014 5'114,010 4.410 3,638 184.718 371,567 142,460 71,583 1.364 (31,527) 1.2eO,875 1,015,24'0

TollLl gevenue 6,403.,2.48- 5,OaB,112 :m';,024 316,18' 1,S'C5,153 3,Ooa,175 144J,ae 77,5e8 1 7 1 < 441 ) ('8,030) 8,008,882 0,272,0'5

St-gmenINlo'lllt! l a o o e . e s e 750.423 46<733 94,866 433,064 9l59, 'HlO 64,501 (47,065) (1,775,051) (BB6,695) 766,115 876~:S6~

Not prom for t he ytl ll r (54,ee3) 507,339

Tot", Aeeete 121,034,635 11117S"e~O ! :i .O J5 ,G4g 2 ,D7' 1t, 9g j ~,250,937 12,eOe,577 S,03S,4Q-3 3,210,94~ 2 0,8 03,5 35 1 :2 ,4 05 ,5 13 1 61 ,0 31 17 52 1 42 18S4 ,k 'l 28

Tol ..~li..1lllitie-li 121,0 :14,939 - 111,751,896 5 , O ' 3 5 , g . , U ; l 2,S70 ,gQ") 0,258,037 12,606,577 5,03e,493 3,210,Qa;;t ::m,I!l.B:1,635 1:2,406,513 161.031,752 142,854,1;128

Cuh ilcws from 2<353,519 1,';:: '3,546 60,420 106,894 434,731 a e r . s s e (4V10) 103.629 ( 2, 03 5,a 90 ) ( 1, 14 5, 02 3) 703,070 l,12MD2

O p om t ln g f lI "U v jH C l3

Cuh flow!'tom (223,728) 441,03a 2,'2{;,733 l,7I:'m,n;li (127,5>7) (7',620) 135,472 ('15,027) 1,{l13.Q40 2,025,130

Invu:.llng D"Uvitil::I

Ca.e.h ~ l l Jw- l l [rom

fjnllncing fI"livjljl l!J!J. 4Jtl,3Hl (1,021,367) 2,C l0 0 ,4 !53 lBO ,810 (42,080) 4,302,MO HI ,616 2.562,323 ;J,028,700

Cup il ll ~ E ; o ;p am .l lt u ra (297,556) (01,369) (307) (297,556) (Sl,ne)

Execut ive Directors: Eastman Narangoda (Chairman), A Nadarajah

Independent Non-Executive Directors: Nihal Jayamanne PC, Lalith Withana, Rear Admiral (Rtd.) Ananda Peiris

Non-Execut ive Directors: Aji th Devasurendra, lshara Nanayakkara, Samantha Aanatunga, Mohan De Alwis, Piyadasa Kudabalage @Q..,::-







HEAD OFFICE I REG IS TERED O FF IC ESEY LAN TOWERS

P.O. Box 400, 90, Galle Road, C olom bo 3, Sri Lanka.Phone : ( 94 )- (11 ) -2456789 , 4701000Fax (94)-(11 ) -2456456 SWI FT : SEYBLKLXWeb Site: www.eseylan.com

E-mail: [email protected]

Co. Reg. No. : P O 9

Yourref:

Our ref :

Selected Performance Indicators

R..gulatory CapltRl Ad....uacl'

Core Capital (Tier 1 Capital) Rs Mn.

Total Capital Base Rs Mn.

Con: Capital Adequacy Ratio as a % ofRisk Weighted

Assets (Minimum Requirement 5%)

Total Capital Adequacy Ratio as a% ofRisk Weighted

Assets ( Minimum Requirement 10%)

A.... t. Quality IQuRllty of Loan Portfolio I

Gross Nonperforming Advances Ratio %

( NetofIntercst in Suspense 1

Gross Nonperforming Advances Ratio % (Net of

Interest in Suspense including Investment Properties)

Net Nonperforming Advances Ratio % (Net of Interest

in Suspense rmd Provision)

Net Non performing Advances Rutio%

INet ofInterest in Suspense and Provision including Investment

Properties

p~ont.bUity

Interest Margin %

Return ( Net Profit Before Tax Ion Average Assets %Return on Equity %

Regulatory LiqUidity

Statutory Liquid Assets

Domestic Bonking Unit Rs Mn.

Offshore Banking Unit USD Mn.

Statutory Liquid Assets Ratio %

( Minimum Requirement 20 % 1Dnmestic Bnnking Unit.

Offshore Banking Unit

Dividends Paid IRs. '000)

OrdiDUY

Preferlln""

Bank Bank Group Group

239,828

15,675

16,901

14.51

15.65

18,29

18.67

12.55

12.96

4.76

0.Q1

(l.40)

34,96814.93

27.15

27.36

11,554 11,936

30.06.11

236,369

3,459

16,059

13,180 17.325 13,601

10.58 14.58 10.74

12.07 15.73 12.24

30.06.10

123,876

6,055

129,931


Independent Non-Executive Directors: Nihal Jayamanne PC, Lalith With ana, Rear Admiral (Rld.) Ananda Pairis • ,.--

Non-Executive Directors: Aji th Devasurendra, Ishara Nanayakkara, Samantha Ranatunga, Mohan De Alwis, Piyadasa Kudabalage "I:)"(\:.., V'"'

LY- -:







HEAD O FF IC E I REG IS TERED O FF IC ESEYLANTOWERSP .O .Box 400,90 , Ga lle Road, Co lombo 3 , S ri Lanka .P ho ne (9 4}-(1 1}-2 45 67B9 ,4 70 10 00Fax (94}-(11)-2456456 SW IFT: SEYBLKLXWeb Si te : www.eseylan.comE-mai l info@seylan. lkC o. R eg .N o. : P O 9

Y ou r re f

O ur re f~rn ~~ U~t l l : l&;: '11LI!I~Iltuni

ICIlRnl1NT ff1;EIIIOU.

FtIilICD DCt. l,. , t, ;ta, t . . ..cPI:RtoP

~',".Z~11 n,o,':'u

I nt er • • ' f ii ll . o r COinj :l arAb lt Oov.rnrn. nE S .cur lt y 9,02% 11.00%

D.bl J EquUy rat io f"" 0.25 0.33

I nt .r • • 1 C Q Y l' r 1.03 SAt

Qulc.kAtNI Rlllo" 0.81 0.59

1h1-MarUI P tl c . .. dur ing th.li :H.lt V .. r

(Ex Intuul

200Gl2Dt1I .. Uit

An r ou l Io l ~ n l er e !l l· 1 3 ,5 0% p,~.

• • l i gl i dS I P u c e 100,00

• L ow e st P rj ce 100 , 0 0

- Laet Tr(ld~ Prtce 100.00

"1(2010112010)Monthly In~mltt .'3,00% p.a.

• H i gh e st P t lc e 95.00 95.0 0

. l .OWfl l i t Prier. 95,00 95.00

· llli l Traded Price95,00

95.00( 1610512011 ) I ( 15102 12 010 )

FloDli~ Inlornt- 11.26% p .e,

z00112rJ'Jillout J

A~ r l I ID1 I nL ll r , "l · 1B ,; r S% p . a .

• HI~flNl PII~~ '90,00 00 , 0 0

• L o wMI P r ic 8 0 0 .0 0 00 .0 0

• ' - -I I I T r a t J - a t I P r l c a 90 ,00 90 , 0 0

{2 7104 r .!O I 1 ) I ( 01 ) 1061201 )M-cn t :h l yIM l e t es l - 1S . 7 5% p , o .

- ~fi~h"l ptlt:i!I 100,00 100,( lO

- L aw • • 1Pr ice 1-00 ,00 100 ,00

- L u ll T ra u ad P r c! :: a 100 , 0 0 HlO.OO

117108 /2 011 ) I ( 2 010512" ' 0 )

F l oO lUn ;; ' n tO ' 1 ' oa . t ·1 4 , 0 0% p . e .

20rJ7/Z012 ,uuel tAn n uu l I n te r oa . t - 1 8 ,0 0% p . ll I .

- H i ~U ' lD ~ t s r r c e 86,00 &i,00

~ LOWI I ~ I~d c . a s 00 85.00·1....11Trll;(hKJPlica 95.00 95,00

12 £102 12 011 [ 1 ( 0710812 010 )Monl~l , . ~r1- lar aCJI -17 .< iO%,OI ,

.HJQf18St Prjcii 100.(lO 100 , 0 0

- L o w ..t p ,i e. '00 .00 100 .00

• LU: l1Tr l l r J l ! I l JPl i~a 100 . ( l0 100 .00

(O~ IO . I 2D I I ) ' ( 0 710B I : 2010 )

F h :; 'o I IU n gi 'l t al a ~ t· 1 0 .0 5 -% p . e. ( F 01 ' 3 M o n t ha 9 , 47% p . a .)200412013luw

An r lu a l lf 1 te '6 a ~ - 2 1 .5 0 -% p . 1l

• H la he st P rJ e" lOO.UI)

- L owe.t ! l,te . 100 .0 0

- I,;EI!lTraded Price 100 .00(141Qm011}J·

Mo n th l y I i l- t ot a sl · ~O . SO% p.e .

• HJa l'1Dst Pr ice 7 e , 75 78.75LL ow e ll p , j( :" 78,75 78.75+ L a ! !1 Tr a de d P r i ci 7 •. 75 7 e . 75( 02/01 '1 (2011}1(18}{l f l I 2010)

F l o&U f 1~Qu l t l tC l 1 'l ym e r e et - s : lA7% P , ; !! ,

-H i~ h" st P ri ce 100 . 0 0LLOl ' l1 l l l tPI le . . 100- .00

• L ; e l ll lnlllt1!Jd Pr iC ' I I 10 '0 ' ,00

( ,; '0 5 r. lO l 1) ' •

F l o a t in g AT1 I 1 u a ll n l u ru a l - 1 0 . '0 ' 5% P,l I .

I n, .. .. . 1 v l .l tI A I A t O . fl t. C lfl al t T ra c ti l

2 1104 12 011l i t . . .. .

An.n1,l81Inll!U6.t~ I ( 20 f01/2010) lJ.50':oi!

r . . tMlh ly l I i l l l r 8,,1 (1610611011) I ( 15 / 02 12 01 0) 14,53% '14.53%

f l ( l . lUr lO In le t .a~

i0 0'1 Jl 01 2 tl 'U • •

Anr'lu a lln le rea t (271(14 /20 11) / (05lO 6n:0 10 ) 18,61% 18.61%

MoOl~ 'Y , . ,. ' ." 117 IQ6 IZ011)I ( 2UIO : iJ 2U1) 1M 4% ,6.94%PIDJl i l r ' lg ln ! e le : l t

2 00 11 10 12 1 • • u . ~ I

Anr lwal ln t8185t ( 2 9J 0 2f .U i 11 ) I ( 0 71 0 6/ 2 01 0 ) 21,18% 21.18%

Mon l h l ,. l nl e r a sl ( 0 21 0 6 11 0 11 ) I ( 0 7 1 0 6 120 1 0 ) '039% 10.39%

FI ( ) al lno In~. , r ":l t: : I! DDB J20 1 Jn . . ..

An r l u .' l n tl l ! u I! I ! lt ( 1 4 fO :VZ011 J /· 21 ,50%

Mon l h l y 1 " l e le s l { 0 21 0 0 J2 0 11 )I ( 16 lOBJ2010) 28.62% 28.62%

F l o aU :n~Qu a r t e r l y I n l 'l l n u l~ (131tl5rzOI'l}j- 9,.! Il%

F l o .! l l ir ' loAnr ' luB l l n ll l r u l ~

Y I .l d t e R " "i ld ri t) i' D f t un ft l d o n. o n

2 004 1 ' 2011 I n t f II

An r 'l u .l ln ! el e st • I ( :20/011:2010) 13.33%

Monl t l l ly In l . r a! l l{1e I05Jl011) I ( 1510212010) 4D , '10%- 1Y.05%

t=lna_ljr-.glnI811l13t

2 00 7J I0 12 ~ . u .'

Anr1 .u .al ln l - t l IM~:2710412011)I (OBlO6r2010} 2641% 2362%

M Or 'llh lyIn lt 'lr .ee I111106J20 1 1II (::!O Kl5120 10 ) 1S>74 'l t 1S,7.%

F I D l. II ~ ln l fl ll I I! t . .

2 0 07 J2 01 2 ' nu ll o I I

Anr>uoI I I l ln t - e 'e t l( 28f02l20~ 1) ' I07fOef20 IO } 29,a4% 26,70%

MCI"I - I h lyn lMr . ! l ( 0210612011) J (07/0612010) 17 .0 0% 17 .00%F ~ ol f. lI ~ I nl ef e, t •

200412013 Ju....

Anr .u .al ln l - l l rw.! ( 14J0 . :u :2011} f~ 21.42%

M( ) ~ l h ly I n l " . . . l ( 0 2 lO f lf Z 0 1 l) j ( IM lD f 2D lD ) 32 .• 2% 30 .44%F~[) .Jf l t r' l auar te r ly In l - l l f o t i ll (l3JOB1201 HI , Il47%

Fl().;IUngAr'ln\lIJ~fil.,r 'll! l1~

.... 1......... Dw.~ntl1Mo........

. . C_pII IU. PI, 'Dd ~lmm."In. PINl I"~n, f lnll l~1I1 '11 t1


Independent Non-Executive Directors: Nihal Jayamanne PC, Lalith Withana. Rear Admiral (Rtd.) Ananda Peiris

Non-Execut ive Directors: Aji th Devasurendra, lshara Nanayakkara, Samantha Ranatunga, Mohan De Alwis, Piyadasa Kudabalage





seylan bank plc-interim review 1q 2012

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