The Case Study - Seylan Bank

222Seylan Bank PLC Annual Report 2009Notes to the Consolidated Financial Statements46. Comparative InformationThe following comparative figures have been reclassified in the 2009 Financial Statements to maintaincomparability of Financial Statements in order to provide a better presentation.Income statementAs disclosedBankReclassified Adjustmentin 2008in 2009Rs.‘000 Rs.‘000 Rs.‘00046.aInterest Income 21,572,430 21,552,070 20,360Other Income 1,201,222 1,221,582 (20,360)Net Fee and Commission Income 1,801,826 1,749,737 52,089Fee and Commission Expense 52,089 – 52,089Operating Expenses 8,262,329 10,677,427 (2,415,098)Provision for Loan Losses 2,467,187 – 2,467,187Personnel Expenses 3,274,335 3,405,714 (131,379)Provision for Staff Retirement Benefit 131,379 – 131,379a i Capital gains/losses from Government Securities (Rs. 21.916 Mn.) and gain/loss from marked to marketvaluation Rs. 1.555 Mn. included in other income have been reclassified as Treasury Bills, Bonds andplacements with other Banks (Rs. 20.36 Mn.) under Interest Income.a ii Fee and Commission Income included in other income has been reclassified as net fee and commissionincome. Accordingly, commission expense included under operating expense amounting to Rs. 52.089 Mn.is deducted from the Fee and Commission Income.a iii Loan loss provision of Rs. 2,467.187 Mn. (after profit on ordinary activities before loan loss provision, taxesand associate company profits) has been reclassified and presented separately as provision for loan lossesunder operating expenses.a iv Provision for staff retirement benefit amounting to Rs. 131.379 Mn. included in the operating expenseshas been reclassified under personnel expenses in operating expenses.