The Case Study - Seylan Bank

172Seylan Bank PLC Annual Report 2009Notes to the Consolidated Financial StatementsInvestment Securities held by Subsidiaries17.b Seylan Merchant Bank PLC2009 2008 (Restated)No. of Cost Market No. of Cost MarketOrdinary Value Ordinary ValueShares Rs. ’000 Rs. ’000 Shares Rs. ’000 Rs. ’00017.b.1 Quoted SharesThe Finance Company PLC 108,997 5,652 2,970Blue Diamonds JewelleryWorldwide PLC 3,180,280 47,818 4,452Metal Recyclers Colombo PLC 69 3 –Kotmale Holding PLC 1,000 16 10Sierra Cables PLC 5,400 16 7Dialog Telekom PLC 9,000 256 43Diminution in Value (Note 10) – (50,508) –Total Quoted Shares – 3,253 7,4822008No. of CostOrdinaryShares Rs. ’00017.b.2 Unquoted SharesCeylinco Sports Complex Limited 300,000 3,000Ceylinco Express (Pvt) Limited 37,050 371MBSL Savings Bank Limited 1,189,600 11,896Openarc Global Solutions (Pvt) Limited 45,000 450Ceylinco Investment & Reality (Pvt) Limited 100,000 1,000South Asian Travels Limited 30,000 300Ceylinco Coloured Stones (Pvt) Limited 500,000 5,000Seraka Investment Limited(5,655,900 Non-Cumulative, Non-Redeemable,Preference Shares) 48,645Diminution in Value (Note 10) (70,662)Total Unquoted Shares –2008CostRs. ’00017.b.3 Unquoted DebenturesCeylinco Automobiles Limited 17,600Diminution in value (Note 10) (17,600)Total Unquoted Debentures –