The Case Study - Seylan Bank

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220Seylan Bank PLC Annual Report 2009Notes to the Consolidated Financial Statements44.d An analysis of the total liabilities as at 31st December 2009, based on the remaining period at theBalance Sheet date to the respective contractual maturity date is given below:Up to 3 3 to 12 1 to 3 3 to 5 More Than Total as atMonths Months Years Years 5 Years 31.12.2009Rs. ’000 Rs. ’000 Rs. ’000 Rs. ’000 Rs. ’000 Rs. ’000Interest Bearing LiabilitiesDeposits 61,341,193 22,668,800 3,704,450 1,720,810 6,322,681 95,757,934Securities Sold UnderRepurchase Agreements 3,253,739 919,974 1,164 – – 4,174,877Borrowings 1,936,081 291,170 721,590 211,766 338,097 3,498,704Debentures – 699,000 2,828,250 703,115 – 4,230,36566,531,013 24,578,944 7,255,454 2,635,691 6,660,778 107,661,880Non-Interest Bearing LiabilitiesDeposits 8,467,465 590,500 – – – 9,057,965Other Liabilities 8,155,962 249,304 – 64,607 – 8,469,873Deferred Taxation – – – – – –Tax Payable – 142,732 – – – 142,732Dividend Payable 23,314 – – – – 23,314Equity – – – – 11,109,138 11,109,138Minority Interest – – – – 802,949 802,94916,646,741 982,536 – 64,607 11,912,087 29,605,971Total Liabilities 83,177,754 25,561,480 7,255,454 2,700,298 18,572,865 137,267,851Notes - ‘Up to 3 months’ Interest Bearing Liabilities includes the Seylan Bank’s Savings Deposits base of Rs. 25.5 Bn.‘More than 5 years’ Interest Bearing Liabilities reflects the Seylan Bank’s Tikiri Deposit Base of Rs. 6.3 Bn.Shareholders’ Funds (Equity) are classified into the ‘More than 5 years’ category since no contractualdate of maturity can be identified.45. Segment Reporting45.a GroupSegment information is presented in respect of the Group’s business segments. The primary format,business segments are based on the Group’s management and internal reporting structure.Business SegmentsThe Group comprises the following main business segments:Banking: Loans (other than Leasing), deposits and other transactions and balances with corporate andretail customers.Leasing: Leasing balances with corporate and retail customers.Treasury: Undertakes the Group’s funding and centralised risk management activities throughborrowings, issue of debt securities, use of derivatives for risk management purpose andinvesting in liquid assets such as short-term placements and corporate and Government debtsecurities.Property/Investment: The property investment related income, expenses, assets & liabilities.
Seylan Bank PLC Annual Report 2009 221Notes to the Consolidated Financial StatementsBanking Leasing Treasury Property/Investments Total2009 2008(Restated)2009 2008(Restated)2009 2008(Restated)2009 2008(Restated)2009 2008(Restated)Rs. ’000 Rs. ’000 Rs. ’000 Rs. ’000 Rs. ’000 Rs. ’000 Rs. ’000 Rs. ’000 Rs. ’000 Rs. ’000External RevenueInterest Income 16,053,472 19,757,109 – – 5,448,666 2,987,399 2,949 81,577 21,505,087 22,826,085Foreign Exchange Profit 130,003 187,647 – – 376,481 443,754 – – 506,484 631,401Lease Income/Brokering – – 212,720 701,251 – – – – 212,720 701,251Fee and CommissionIncome 1,245,899 1,691,844 29,134 28,702 62,382 (15,335) – – 1,337,415 1,705,211Dividend Income &Other Income 754,309 1,363,952 9,704 55,058 85,092 244,396 158,669 (29,952) 1,007,774 1,633,454Total Revenue fromExternal Customers 18,183,683 23,000,552 251,558 785,011 5,972,621 3,660,214 161,618 51,625 24,569,480 27,497,402Inter Segment Revenue 1,654,387 1,868,287 (266,113) (283,833) (1,388,274) (1,584,454) – –Total Segment Revenue 19,838,070 24,868,839 (14,555) 501,178 4,584,347 2,075,760 161,618 51,625 24,569,480 27,497,402Depreciation Chargefor the Year 248,835 263,094 678 13,325 27,313 5,225 29,565 31,874 306,391 313,518Reportable SegmentProfit Before Income Tax (22,981) 1,316,968 85,701 (404,534) 2,759,979 783,133 (275,944) (23,057) 2,546,755 1,672,510OTHER INFORMATIONReportable SegmentAssets 114,335,758 122,942,874 118,823 3,516,011 12,970,249 29,005,102 2,966,835 4,112,520 130,391,665 159,576,507Segment Amortisations (1,789,743) (1,719,922) (9,018) (78,692) (115,374) (107,093) (142,576) (128,514) (2,056,711) (2,034,221)Total Assets 112,546,015 121,222,952 109,805 3,437,319 12,854,875 28,898,009 2,824,259 3,984,006 128,334,954 157,542,286Reportable SegmentLiabilities 111,696,536 121,173,015 109,805 3,235,580 12,581,641 27,224,146 1,103,277 1,615,629 125,491,259 153,248,370Total Liabilities 111,696,536 121,173,015 109,805 3,235,580 12,581,641 27,224,146 1,103,277 1,615,629 125,491,259 153,248,3702009 2008Rs.’000Rs.’00045.b Reconciliation of Reportable Segment Revenues,Profit or Loss and Assets and LiabilitiesTotal Segment RevenuesTotal Revenue for Reportable Segments 24,569,480 27,497,402Unallocated Amounts 262,792 164,568Elimination of Inter-Segment Revenue (293,294) (608,019)24,538,978 27,053,951Reportable Segment Profit before Income TaxTotal Profit or Loss for Reportable Segments 2,546,755 1,672,510Unallocated Amounts (1,613,125) (2,408,089)933,630 (735,579)Reportable Segment Total AssetsTotal Assets for Reportable Segments 128,334,954 157,542,286Other Unallocated Amounts 8,932,897 5,766,203Consolidated Total Assets 137,267,851 163,308,489Reportable Segment Total LiabilitiesTotal Liabilities for Reportable Segments 125,491,259 153,248,370Other Unallocated Amounts 11,776,592 10,060,119Consolidated Total Liabilities 137,267,851 163,308,489
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