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Management Discussion and Analysis

Investor Capital

Shareholder Profile

As a consequence of the segregation of life and general insurance businesses, Ceylinco Life Insurance Limited is a fully-owned subsidiary of Ceylinco Insurance PLC, which held all the shares of Ceylinco Life Insurance Limited as at 31 December 2015.

Return to Shareholders

Year ended 31 December Unit Company
2015 2014
Return on net assets % 20.13 2.12
Net assets per share Rs. 188.93 10.22
Earnings per share Rs. 38.03 0.22
Dividend per share Rs. 6.25 0.02

Economic Value Added

(Life Insurance Business)

Year ended 31 December 2015
Rs. '000
2014
Rs. '000
2013
Rs. '000
2012
Rs. '000
2011
Rs. '000
Invested Equity
Shareholders’ funds 9,446,370 8,890,550 7,628,393 6,044,903 5,052,082
Add: Cumulative loan loss provision/provision for impairment
Total 9,446,370 8,890,550 7,628,393 6,044,903 5,052,082
Earnings
Profit after tax and dividend on preference shares 2,060,046 1,362,987 1,240,387 995,832 796,189
Add: Impairment provisions and other losses
Less: Loan losses written off
Total 2,060,046 1,362,987 1,240,387 995,832 796,189
Cost of equity (Based on 12 months weighted average Treasury bill rate plus 2% for risk premium) 8.60% 8.69% 12.62% 14.02% 9.50%
Cost of average equity 812,388 772,589 962,703 847,495 479,948
Economic value added 1,247,658 590,398 277,684 148,337 316,241