The Case Study - Seylan Bank

Seylan Bank PLC Annual Report 2009 193Notes to the Consolidated Financial StatementsAddress Extent Cost/ValuationAccumulatedDepreciationNet BookValue as at31.12.2009Rs. ’000 Rs. ’000 Rs. ’000Tissamaharama547, Debarawewa, Tissamaharama 0.091 H 11,193 483 10,710Raddolugama171, National Housing Scheme, Raddolugama 12.80 P 11,500 476 11,024Nuwara Eliya12, Lawson Street, Nuwara Eliya 20.28 P 6,365 1,602 4,763Maradagahamula150, Divulapitiya Road, Maradagahamula 35.0 P 7,569 1,197 6,372Anuradhapura23-A1, Anuradhapura 43.65 P 3,500 609 2,891Embilipitiya53 & 53/1, New Town Road, Embilipitiya 22.1 P 27,295 916 26,379Nugegoda211, High Level Road, Nugegoda 14.0 P 36,061 2,258 33,803Nawalapitiya77/1, 79, Dolosbage Road, Nawalapitiya 10.52 P 5,719 422 5,297Ratnapura5, Inner Circular Road, Ratnapura 9.31 P 24,552 1,238 23,314EmbilipitiyaPettigala Road, Embilipitiya 32.9 P 5,500 – 5,500Private Banking2, Deal Place, Colombo 3 19.0 P 192,095 467 191,628Gampola44, Kandy Road, Gampola 13.5 P 15,599 1,030 14,569Negombo115, Rajapaksa Broadway, Negombo 29.15 P 51,999 52 51,947Head Office90, Galle Road, Colombo 3 (Level - 1, 2, 13, 14) 31,704 794,244 99,246 694,998Square FeetTotal Freehold Land & Buildings - Bank 1,387,096 121,243 1,265,853Total Freehold Buildings - Seylan Developments PLC 749,419 46,258 703,161Total Freehold Land & Buildings - Group 2,136,515 167,501 1,969,014Leasehold Properties - (Note 28)Nuwara Eliya48 & 48/1, Park Road, Nuwara Eliya 19.08 P 66,148 3,065 63,083Total Leasehold Land & Buildings - Bank 66,148 3,065 63,083Seylan Tower Land90, Galle Road, Colombo 3 640,549 39,412 601,137Total Leasehold Land - Seylan Developments PLC 640,549 39,412 601,137Total Leasehold Land & Buildings - Group 706,697 42,477 664,220Total Land & Buildings - Group 2,843,212 209,978 2,633,234