Annual Report.CDR - Colombo Stock Exchange

T E N Y E A R S U M M A RY
Rs. '000
BALANCE SHEET - AS AT 31-Mar-01 31-Mar-02 31-Mar-03 31-Mar-04 31-Mar-05 31-Mar-06 31-Mar-07 31-Mar-08 31-Mar-09 31-Mar-10
Assets
Bank and Cash Balances 98,970 226,064 208,709 213,748 401,379 593,844 896,559 868,260 502,889 398,665
Inv. In T/Bills & FD's 1,106,626 1,320,696 1,583,491 1,811,581 1,957,626 2,389,436 2,702,192 3,878,532 994,177 31,620
Dealing Securities 11,915 4,928 4,855 5,814 7,034 2,312 2,312 556 141 35,642
Inv. Real Estate & Housing 519,849 1,467,933 1,934,405 1,822,602 2,113,603 2,957,778 3,351,647 5,766,999 6,342,426 6,768,791
Loans & Advance 2,996,484 3,481,145 4,182,152 6,037,784 8,980,375 12,427,849 16,989,565 18,913,435 17,017,248 10,286,595
Investment in Leases 1,767,931 2,055,465 3,395,947 3,828,518 3,047,557 2,605,626 2,138,855 1,633,490 1,049,765 546,164
Amount due from Customers 678,449 819,208 1,084,647 1,020,816 953,177 662,493 1,202,545 1,421,712 1,639,334 1,420,601
Other Receivable 534,966 528,321 649,687 605,460 721,824 1,044,200 1,095,171 2,755,560 3,539,059 2,035,563
Investments Securities 341,571 368,100 374,521 384,052 390,966 398,966 436,751 479,600 371,390 229,531
Investment Properties - - - - 290,397 437,286 774,353 1,293,945 1,414,119 2,146,291
Capital Work in Progress 6,726 7,060 26,647 6,470 - - 62,934 58,127 67,070 42,867
Deferred Tax Assets - - - - - - - 191,225 191,225 191,225
Property, Plant and Equipment 836,233 870,918 1,070,472 1,226,355 1,311,750 1,563,516 1,861,807 2,892,942 3,575,709 3,321,338
Total Assets 8,899,720 11,149,838 14,515,535 16,963,200 20,175,688 25,083,306 31,474,690 40,154,383 36,704,551 27,454,894
Liabilities
Debentures - 167,220 269,609 511,433 533,494 286,893 533,564 514,477 488,457 373,984
Long-term Loans 63,389 105,602 617,737 592,735 778,550 1,640,158 1,269,430 1,167,113 987,639 765,759
Public Deposits 6,863,215 8,541,876 10,170,871 11,661,049 13,486,676 17,190,235 21,824,382 28,575,643 27,065,133 25,747,255
Creditors 887,161 1,196,363 1,733,664 2,333,439 3,022,178 3,288,395 4,123,113 5,024,024 4,689,572 2,819,134
Taxation 600 65 65 65 65 20,065 95,065 51,851 - -
Unclaimed Dividend 931 1,723 2,147 2,437 2,842 3,301 3,943 4,660 5,513 6,403
Bank Overdraft 91,278 178,057 427,651 451,074 719,958 473,837 718,973 789,798 1,990,230 659,167
Total Liabilities 7,906,574 10,190,906 13,221,744 15,552,232 18,543,763 22,902,884 28,568,470 36,127,566 35,226,545 30,371,701
Shareholders' funds
Stated Capital 299,466 299,466 410,181 410,181 410,181 410,181 410,181 410,181 410,181 410,181
Capital Reserves 258,185 258,185 458,020 458,020 458,020 450,853 450,853 945,586 996,930 996,930
Statutory Reserve Fund 141,260 154,360 168,960 192,260 242,760 359,760 527,310 659,910 659,910 659,910
Revenue Reserves 297,535 249,121 257,730 350,507 520,964 959,628 1,517,876 2,011,140 (589,015) (4,983,827)
Less: Deferred Revenue Expenses (3,300) (2,200) (1,100) - - - - - - -
993,146 958,932 1,293,791 1,410,968 1,631,925 2,180,422 2,906,220 4,026,817 1,478,006 (2,916,806)
Total Liabilities & Shareholders fund 8,899,720 11,149,838 14,515,535 16,963,200 20,175,688 25,083,306 31,474,690 40,154,383 36,704,551 27,454,894
Net Assets Value per Share (Rs.) 87.55 84.53 63.36 69.10 79.92 106.78 142.33 197.21 72.38 (142.85)
INCOME STATEMENT
For the year 2000/01 2001/02 2002/03 2003/04 2004/05 2005/06 2006/07 2007/08 2007/08 2008/09
TURNOVER - net 2,653,732 3,166,901 3,821,696 5,904,717 7,136,045 7,888,689 10,986,561 11,306,845 10,640,478 5,204,000
Interest Income 1,525,551 1,533,282 1,879,483 2,137,571 2,498,964 3,436,473 4,513,473 5,721,382 6,697,488 3,804,053
Interest Expenses (1,052,794) (1,305,487) (1,601,872) (1,735,674) (1,804,115) (2,071,173) (2,744,422) (4,251,079) (6,623,611) (4,815,710)
Net Interest Income 472,757 227,795 277,611 401,897 694,849 1,365,300 1,769,052 1,470,303 73,877 (1,011,657)
Other Operating Income 244,136 412,393 524,570 682,407 772,096 904,262 1,497,080 1,268,641 664,210 256,634
Other Income 17,994 18,863 19,502 37,556 33,856 36,358 98,138 495,935 246,857 221,052
Total Operating Income 734,887 659,051 821,683 1,121,860 1,500,801 2,305,920 3,364,270 3,234,879 984,944 (533,971)
Operating Expenses (576,704) (566,808) (644,109) (804,437) (946,840) (1,454,326) (2,065,563) (2,539,681) (2,913,302) (3,158,108)
Net Profit/(Loss) before Prov. for Loan Losses 158,183 92,243 177,574 317,423 553,961 851,594 1,298,707 695,198 (1,928,358) (3,692,080)
Provision for Loan Losses (97,605) (27,138) (104,862) (201,346) (302,098) (248,384) (461,153) (191,472) (635,043) (593,858)
Net Profit/(Loss) before Prov. for Taxation 60,578 65,105 72,712 116,077 251,863 603,210 837,553 503,726 (2,563,401) (4,285,937)
Provision for Income Taxation - - - - - (20,000) (75,000) 158,893 - -
Profit/ (Loss) for the year 60,578 65,105 72,712 116,077 251,863 583,210 762,553 662,619 (2,563,401) (4,285,937)
Earnings per Share (Rs.) 5.34 5.74 3.56 5.68 12.33 28.56 37.34 32.45 (125.54) (209.90)
T H E F I N A N C E C O . P L C - A N N U A L R E P O RT 2 0 0 9 - 2 0 1 0
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