INTERIM FINANCIAL STATEMENTS
FOR THE QUARTER ENDED
31st December 2021
Contents
(1 ) Income Statement
(2 ) Statement of Comprehensive Income
- Statement of Financial Position
- Statement of Changes in Equity
- Statement of Cash Flows
- Analysis of Financial Instruments by Measurment Basis
- Analysis of Loans and Advance and Deposits,Interest Comparision
(10) Selected Performance Indicators
HDFC Bank of Sri Lanka
Income Statement
For the Period ended 31-12-2021
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Quarter ended 31st | Quarter ended 31st | Period ended 31st | Period ended 31st December | |
Item | December 2021 | December 2020 | December 2021 | 2020 |
Rs "000" | Rs "000" | Rs "000" | Rs "000" | |
Unaudited | Audited | Unaudited | Audited | |
Interest Income | 1,643,212 | 1,782,789 | 6,584,384 | 7,456,679 |
Interest Expenses | 868,817 | 1,042,781 | 3,553,794 | 4,475,281 |
Net Interest Income | 774,395 | 740,008 | 3,030,590 | 2,981,399 |
Fee and Commission Income | 89,241 | 95,952 | 342,561 | 303,221 |
Less : Fee and Commission Expenses | - | - | - | - |
Net fee and Commission Income | 89,241 | 95,952 | 342,561 | 303,221 |
Net gains/(losses) from trading | - | - | - | - |
Net fair value gains/(losses) on: | - | - | - | - |
financial assets at fair value through profit or loss | - | - | - | - |
financial liabilities at fair value through profit or loss | - | - | - | - |
Net gains/(losses) on derecognition of financial assets: | - | - | - | - |
at fair value through profit or loss | 275 | (475) | ||
at amortised cost | - | - | - | - |
at fair value through other comprehensive income | - | - | - | - |
Other Operating Income (net) | 49,011 | 97,008 | 49,011 | 97,008 |
Total Operating Income | 912,648 | 933,243 | 3,422,162 | 3,381,153 |
Impairement Charges | (66,759) | 7,267 | 266,018 | 326,526 |
Net Operating Income | 979,406 | 925,976 | 3,156,145 | 3,054,627 |
Personnel Expenses | 302,587 | 294,230 | 1,325,697 | 1,174,051 |
Depreciation and Amortisation | 50,030 | 42,149 | 158,546 | 156,638 |
Other expenses | 135,146 | 91,812 | 404,821 | 342,816 |
Operating Profit/(loss) before VAT on Financial Service | 491,644 | 497,785 | 1,267,081 | 1,381,121 |
Less : VAT On Financial Services | 96,451 | 93,479 | 321,002 | 312,686 |
Operating Profit/(loss) after VAT on Financial Service | 395,193 | 404,306 | 946,079 | 1,068,436 |
Shares of Profit of associates and join ventures | - | - | - | - |
Profit/(Loss) before Tax | 395,193 | 404,306 | 946,079 | 1,068,436 |
Income tax expenses | 92,142 | 136,630 | 301,414 | 360,299 |
Profit/(Loss) for the period | 303,051 | 267,675 | 644,665 | 708,137 |
Profit attriibutable to: | - | - | - | - |
Equity holders of the parent | 303,051 | 267,675 | 644,665 | 708,137 |
Non- controlling interests | - | - | - | |
Earning per share on profit | ||||
Basic Earnings per Ordinary Share (Rs) | 4.68 | 4.14 | 9.96 | 10.94 |
HDFC Bank of Sri Lanka
Statement of Comprehensive Income
For the Period ended 31-12-2021
Quarter ended 31st | Quarter ended 31st | Period ended 31st | Period ended 31st December | |
Item | December 2021 | December 2020 | December 2021 | 2020 |
Rs "000" | Rs "000" | Rs "000" | Rs "000" | |
Unaudited | Audited | Unaudited | Audited | |
Profit/(Loss) for the period | 303,051 | 267,675 | 644,665 | 708,137 |
- | ||||
Items that will be reclassified to income statement | - | |||
Exchange differences on translation of foreign operations | - | - | - | - |
Net gains/(losses) on cash flow hedges | - | - | - | - |
Net gains/(losses) on investments in debt instruments | - | - | - | - |
measured at fair value through other comprehensive | - | - | - | - |
income | - | - | - | - |
Share of profits of associates and joint ventures | - | - | - | - |
Debt instruments at fair value through other | - | - | - | - |
comprehensive income | - | - | - | - |
Others (specify) | - | - | - | - |
Less: Tax expense relating to items that will be reclassified | - | - | - | - |
to income statement | - | - | - | - |
- | ||||
- | - | - | - | |
Items that will not be reclassfied to income statement | ||||
Change in fair value on investments in equity instruments | - | - | - | - |
designated at fair value through other comprehensive | - | - | - | - |
income | - | - | - | - |
Change in fair value attributable to change in the Bank's | - | - | - | - |
own credit risk on financial liabilities designated at fair | - | - | - | - |
value through profit or loss | - | - | - | - |
Re-measurement of post-employment benefit obligations | 62,139 | (62,814) | 62,139 | (62,814) |
Changes in revaluation surplus | - | - | - | - |
Share of profits of associates and joint ventures | - | - | - | - |
Others (specify) | - | - | - | - |
Less: Tax expense relating to items that will not be | - | 17,582 | - | 17,582 |
reclassified to income statement | - | |||
- | - | - | - | |
62,139 | (45,232) | 62,139 | (45,232) | |
Other comprehensive income (OCI) for the period net of tax | 62,139 | (45,232) | 62,139 | (45,232) |
Total comprehensive income for the period net of tax | 365,190 | 222,443 | 706,805 | 662,905 |
Attributable to | ||||
Equity Holders of the Parent | 365,190 | 222,443 | 706,805 | 662,905 |
Non - Controlling Interest | - | - | - | - |
365,190 | 222,443 | 706,805 | 662,905 |
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HDFC Bank of Sri Lanka | |||
Statement of Financial Position | |||
As at 31st December 2021 | |||
Item | 31.12.2021 | 31.12.2020 | |
Rs "000" | Rs "000" | ||
Unaudited | Audited | ||
Assets | |||
Cash and Cash Equivalants | 258,596 | 305,889 | |
Balance with Central Bank | - | ||
Placements with banks | 8,138,685 | 9,859,833 | |
Financial assests recognized through Profit or Loss | |||
measured at fair value | |||
designated at fair value | - | ||
Financial assets at amortised cost | |||
loans and advances | 41,814,501 | 41,191,989 | |
debt and other instruments | 10,570,351 | 7,546,155 | |
Property, plant and equipment | 224,034 | 223,329 | |
Lease ROUA | 387,888 | 369,642 | |
Investment properties | 1,065,000 | 1,016,500 | |
Goodwill and intangible assets | 125,024 | 127,570 | |
Deferred tax assets | 202,341 | 205,078 | |
Other assets | 256,555 | 183,800 | |
Total Assets | 63,042,974 | 61,029,786 | |
Liabilities | |||
Due to banks | 2,103,173 | 2,408,781 | |
Derivative financial instruments | |||
Financial liabilities at amortised cost | |||
due to depositors | 49,813,326 | 47,947,005 | |
due to other borrowers | 1,282,597 | 1,429,156 | |
Debt securities issued | 1,422,978 | 1,422,976 | |
Lease Liability | 384,790 | 349,437 | |
Retirement benefit obligations | 771,616 | 777,800 | |
Current tax liabilities | 341,843 | 441,773 | |
Deferred tax liabilities | - | ||
Other liabilities | 168,760 | 189,595 | |
Total Liabilities | 56,289,084 | 54,966,523 | |
Capital | |||
AT - 1 Capital | |||
Perpetual Bond | 281,250 | 281,250 | |
Total AT - 1 Capital | 281,250 | 281,250 | |
Equity Capital | |||
Stated capital/Assigned capital | 962,093 | 962,093 | |
Statutory reserve fund | 277,242 | 245,008 | |
OCI reserve | (60,842) | (122,982) | |
Retain Earnings | 4,813,262 | 4,281,474 | |
Other Reserves | 480,885 | 416,418 | |
Non-controlling Interest | - | - | |
Total Equity Capital | 6,472,640 | 5,782,013 | |
Total shareholders' equity and AT-1 Capital | 6,753,890 | 6,063,263 | |
Non-controlling interests | |||
Total Liabilities and Equity | 63,042,974 | 61,029,786 | |
(2.46) | (4.05) | ||
Contingent liabilities and commitments | 650,025 | 380,011 | |
Net Assets value per Ordinary Share (Rs) | 100.02 | 89.35 | |
Memorandum information | |||
Number of employees | 614 | 633 | |
Number of Branches | 39 | 39 |
Note: Amounts stated are net of impairment and depreciation.
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HDFC Bank of Sri Lanka published this content on 11 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 February 2022 11:07:32 UTC.