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Financial Reports

Consolidated Statement of Financial Position

Group Company
As at 31 December Note 2015
Rs. ‘000
2014
Rs. ‘000
2015
Rs. ‘000
2014
Rs. ‘000

Assets

 
Intangible assets 7 1,240 645
Property, plant and equipment 8 5,882,101 604,788 5,343,752
Investment properties 9 1,399,171 1,399,171
Investment in subsidiaries 10 521,000
Investment in associate 11 1,321,350 926,917 365,553
Financial instruments  
Held-to-maturity financial assets 12(a) 46,856,945 46,856,945
Loans and receivables 12(b) 16,752,882 112,751 16,730,897 100,000
Available-for-sale financial assets 12(c) 1,051,073 1,051,073
Financial assets at fair value through profit or loss 12(d) 214,936 214,936
Employee gratuity benefit asset 13 725,726 725,726
Employee pension benefit asset 14 873,081 873,081
Reinsurance receivables 15 46,007 46,007
Income tax receivables 16(a) 1,183,836 1,183,836
Loans to life policyholders 17 1,335,634 1,335,634
Premium receivables   192,401 192,401
Accrued income 18 2,485,422 1,068 2,485,422 1,068
Other assets 19 328,088 17,440 310,435 50
Cash and cash equivalents 20 600,192 10,959 598,651 1,575
Total Assets   81,250,085 1,673,923 80,235,165 102,693
Equity and liabilities  
Equity attributable to equity holders of parent  
Stated capital 21 (a) 500,001 100,001 500,001 100,001
Retained earnings 21 (b) 2,683,456 621,273 1,733,281 2,167
Available for sale reserve 21 (b) (92,663) 5,900 (98,563)
Special reserve 21 (c) 7,311,651 792,925 7,311,651
Total ordinary shareholders’ equity   10,402,445 1,520,099 9,446,370 102,168
Non-controlling interests 35 (a) 6,326 6,276
Total equity   10,408,771 1,526,375 9,446,370 102,168
Liabilities  
Insurance contract liabilities – Life 22 68,011,535 68,011,535
Insurance contract liabilities – Unit Linked   240,654 240,654
Insurance contract liabilities – Family Takaful   4,708 4,708
Individual investment fund isf   22,700 22,700
Employee benefit liability 13 10,357 8,287
Other financial liabilities 23 299,811 299,811
Deferred tax liabilities 16 (b)/(d) 91,483 71,840
Reinsurance payables   58,153 58,153
Trade and other payables 24 1,651,380 108,064 1,635,439 525
Bank overdraft 20 450,534 31,198 443,955
Total liabilities   70,841,314 147,548 70,788,795 525
Total equity and liabilities   81,250,085 1,673,923 80,235,165 102,693


The above Statement of Financial Position is to be read in conjunction with the Notes to the Financial Statements which form an integral part of the Financial Statements.

These Financial Statements are prepared in compliance with the requirements of the Companies Act No. 07 of 2007.

The Board of Directors are responsible for the preparation and presentation of these Financial Statements; on behalf of the Board.

R Renganathan

Managing Director/Chief Executive Officer

 

P A Jayawardene

Director/Chief Financial Officer

17 February 2016