HEAD OFFICE I REGISTERED OFFICE SEYLAN TOWERS P.O. Box 400, 90, Galle Rmid, Colombo 3, Sri Lanka.

Phone (94)-(11)-2456789, 4701000 Fax (94)-(11)-2456456 SWIFT: SEYBLKLX Web Site: www.eseylan.com E-mail info@seylan.lk Co. Reg. No. : PO 9 Your ref: Our ref :

(Amounts Bank

in Rupees Thousands) Bank

For the Six Months 30th June

Ended

II
Growth %

For the Quarter 30th June

Ended

2011
Interest Income

2010 5,585,363 2,557,059 8,142,422 3,916,523 440,837 4,357,360 3,785,062

2011 2,947,070 853,732 3,800,802 1,775,710 199,139 1,974,849 1,825,953

2010 2,703,043 1,504,949 4,207,992 1,929,825 221,392 2,151,217 2,056,775

Growth % 9.03

Interest Income on loans and Advances Interest Income on Other Interest Earning Assets less: Interest Expenses Interest Expense on Deposits Interest Expense on Other Interest Bearing Liabilities

5,706,551 1,955,342 7,661,893 3,491,789 465,761 3,957,550 3,704,343

2.17 (23.53)
{5.90} (lO.S4)

(43.27)
(9.6S)

(7.99)
(lO.05) (S.20) (11.22)

5.65
{9.lS}

Net Interest Income
Non-Interest Foreign Income

(2.13)

Exchange Income

Other Income

309,730 861,316 1,171,046 4,875,389

174,314 751,896 926,210 4,711,272 1,434,863 57,469 748,417 2,322 922,153 3,165,224 1,546,048

77.69 14.55 26.43
3.4S

149,145 445,312 594,457 2,420,410 718,542 18,768 392,510 471,590 1,601,410 819,000

99,490 378,853 478,343 2,535,118 737,205 19,940 361,893 2,322 494,549 1,615,909 919,209

4!!.!!1 17.54 24.27 (4.52) (2.53)
{S.88}

less: Non-Interest Expenses Personnel costs Provision for Staff Retirement Benefits Premises, Equipment and Establishment Loss on Trading/Investment Securities Other Operating Expenses

Expenses

1,488,668 38,418 810,887 933,294 3,271,267 1,604,122

3.75
(33.l5)

8.35
(100.00) 1.21

8.46
{l 00. OO}

(4.64)
(0.90) (10.90)

3.35 3.76

Less: Provision for Bad and Doubtful Debts and loans Written Off Provisions-General
Provisions-Specific

Recoveries (-) Loans Written Off

(115,226) 499,624 (324,951) 3,407 62,854 196,640 512,650 831,978 700,000 131,978 123,827 8,151 98,604 (90,453)

679 697,937 (325,600) 9,087 382,103 (50,871) 58,012 1,156,804

{17,069.!!6}

(28.41)
(O.20) 62.51 {83.5S} (486.SS) (783.70) (28.08)

(13,606) 209,000
(12,087)

3,277 126,584 100,356 272,621 319,439 700,000 (380,561) 6,305 (386,866) (40,066) (346,800)

2,261 360,860 (201,967) 6,565 167,719 (44,753) 89,355 706,888

(701.77)
(42.0S)

(64.31)
{SO.DB)

(24.53) (324.24) (20S.10)
(54.Bl)

Less: Provision / (Reversal) for Decline in Value of Investments Impairment Loss / (Reversal)

(Net)

Operating Profit on Ordinary Activities Before Extra Ordinary Cost & Taxes Less: Extra Ordinary Cost (VRS Cost)* Profit/(Loss) After Extra Ordinary Cost Before Taxes
Less: Val ue Added Tax on Financial Services

I I I I

100.00 1,156,804 347,135 809,669 299,145 510,524
{88.S9}

100.00 706,888 188,978 517,910 193,357 324,553 {lS3.84} (96.66)
{174.70}

(64.33) (98.99)
(67.04) (1l7.72)

Profit/{loss)

Before Corporate Tax

less: Income Tax Profit/{loss) after Tax

(120.72)
(206.8S)

'Notes

to the Financial

Statements

- Note 1.6

The above statements are subject to audit and have been prepared in compliance with the format and definitions provides additional disclosures to comply with Sri lanka Accounting Standard 35-lnterim Financial Reporting

prescribed

by the Central Bank of Sri lanka and where ever required

Executive Directors: Eastman Narangoda (Chairman), R Nadarajah Independent Non-Executive Directors: Nihal Jayamanne PC, Lalith Withana, Rear Admiral (Rtd.) Ananda Peiris Non-Executive Directors: Ajith Devasurendra, Ishara Nanayakkara, Samantha Ranatunga, Mohan De Alwis, Piyadasa Kudabalage

HEAD OFFICE I REGISTERED OFFICE SEYLAN TOWERS P.O. Box 400, 90, Galle Road, Colombo 3, Sri Lanka. Phone : (94)-(11 )-2456789, 4701000 Fax (94)-(11 )-2456456 SWIFT: SEYBLKLX Web Site: www.eseylan.com E-mail: info@seylan.lk Co. Reg. No. : PO 9 Your ref Our ref

Group For the Six Months 30th June 2011 2010 Growth 2011 Ended

Group For the Quarter 30th June 2010 Growth Ended

Interest Income
Interest Income on Loans and Advances Interest Income on Other Interest Earning Assets 5,683,640 1,955,347 7,638,987 5,577,649 2,679,117 8,256,766 3,916,523 558,290 4,474,813 3,781,953

"
J.90 {27.02} {7.48} {10.84} {11.84} {10.97} {3.36} 2,927,941 853,737 3,781,678 1,775,703 202,691 1,978,394 1,803,284 2,699,169 1,504,972 4,204,141 1,929,825 253,154 2,182,979 2,021,162 3,491,782 Bearing liabilities 492,206 3,983,988

"
/J.4B {43.27} {10,05} {7.99} {19.93} {9.37} {10.78}

less: Interest Expenses
Interest Interest Expense on Deposits Expense on Other Interest

Net Interest Income
Non-Interest Other Income Income

3,654,999

Foreign Exchange Income

309,730 960,145 1,269,875 4,924,874

174,314 840,935 1,015,249 4,797,202

77,69 14,18 25,08 2.66

149,145 523,616 672,761 2,476,045

99,490 388,736 488,226 2,509,388

49,91 34,70 37,80 {1.33}

less: Non-Interest Expenses
Personnel Provision Premises, Negative costs for Staff Retirement Equipment Benefits Expenses Securities (22,353) 952,540 3,272,078 1,652,796 less: Provision for Bad and Doubtful Debts and loans Written Off (115,226) 499,624 (324,951) Off 3,407 62,854 Less: Provision Impairment Operating I(Reversal) for Decline in Value of Investments Activities Before Extra Ordinary (Net) Cost & Taxes 196,640 512,650 880,652 700,000 180,652 123,827 56,825 98,604 (41,779) Interest to Shareholder, of the Bank 13,084 (54,863) 1,158,967 357,636 801,331 317,835 483,496 (23,843) 507,339 679 697,937 (325,600) 9,087 382,103 14,616 58,012 1,158,967 (17,069.96) {28.41} {0.20} {62.51} {83,55} (1,245,37) (783.70) {24.01} 100.00 {84.41} (65.38) {92.91} {68.98} {108.64} 154.88 {110.81} (13,606) 209,000 (72,087) 3,277 126,584 100,356 272,621 382,648 700,000 (317,352) 6,305 (323,657) (40,066) (283,591) 20,309 (303,900) 681,558 188,978 492,580 193,357 299,223 (12,590) 311,813 2,261 360,860 (201,967) 6,565 167,719 (44,753) 89,355 681,558 (701.77) {41.08} {64.31} {50.08} {24.53} {324,24} {205.10} {43.86} 100.00 {146.56} {96.66} {165.71} {120,72} (194.78) 261.31 {197.46} Provisions-General Provisions-Specific Recoveries (-) Loans Written 940,773 3,183,504 1,613,698 and Establishment 1,499,546 38,418 803,927 1,456,352 59,967 721,782 4,630 2.97 {35.93} 11.38 {100.00} 100.00 1,25 1.78 1.42 (22,353) 483,467 1,593,836 882,209 500,955 1,615,509 893,879 724,009 18,768 389,945 746,422 20,532 345,278 2,322 {3.00} {/J.59} 11.94 {100.00} 100.00 {3.49} {1.34} (1.31)

Loss on Trading/Investment Other Operating Expenses

Goodwill on Consolidation

loss !tReversal)

Profit on Ordinary

Less: Extra Ordinary Cost (VRS Cost)'" Profit/(Loss) After Extra Ordinary Cost Before Taxes

Less: Value Added Tax on Financial Services Profit!(Loss) Before Corporate Tax

Less: Income Tax Profit/(Loss) Attributable after Tax to Minority

Net Profit/(Loss)

Attributable

"Notes

to the Financial Statements - Note 1.6
statements are subject provides to audit and have been prepared disclosures to comply in compliance with the format Standard and definitions 35 - Interim prescribed Financial bV the Central Bank of Sri Lanka and

The above where

ever required

additional

with Sri Lanka Accounting

Reporting.

Executive Directors: Eastman Narangoda (Chairman), R Nadarajah Independent Non-Executive Directors: Nihal Jayamanne PC, Lalith With ana, Rear Admiral (Rtd.) Ananda Peiris Non-Executive Directors: Ajith Devasurendra, Ishara Nanayakkara, Samantha Ranatunga, Mohan De Alwis, Piyadasa Kudabalage

HEAD OFFICE / REGISTERED OFFICE SEYLAN TOWERS P.O. Box 400, 90, Galle Road, Colombo 3, Sri Lanka. Phone (94)-(11)-2456789,4701000 Fax (94)-(11 )-2456456 SWIFT: SEYBLKLX Web Site: www.eseylan.com E-mail info@seylan.lk Co. Reg. No. : PO 9 Your ref Our ref

.... t 30/06/2011 On • Balance Sheet Aaeta 4.372.592 6,246.927 4.824.059 9.460.416 908,783 25.675.623 3.447.549 1110.370) 793,254 (1.440.393)

A.. t 31/12/:1010

~

Gro:tIt
16. .G 14.54 106.19 (38.631 9.49 30.73 12.291 (227.941 121.01 47.15

.... t 30/06/2011

A .. t 31/12/2010

Gro,:'Ut

Cash in hand Balances with Central Bank of Sri Lanka I Other- Central Banks Due from Banks and other Financial Institutions Inveatmenu • TradiAlt Account Government Securities Other Securities Invutmenu· Held to MAturity (Net of Provlaion /(Reversal) Made for Decline in Value of Inveatmenta o!Ir. Im.airmcnt Lou) Government Securities Other securities Addl!Lessl: Increa.se/rDedinel in value of Inveetmente Inve.tm.euta iu Aaaociate. and Sub.;idiarle. Less: .lmoairment Loss on Investments Total Loans .... AdY&D.cea Total PerIormln£ Loana and Advane_ Bills of Exchanp;e Overdrafts Lease Rentals Receivables Other Loans Interest Receivable Total Non - PerfonnmR Loan. Bills of Exchanae Overdrafts Lease Rentals Receivabl" Other Loans Interest Receivable and Advance.

3,742,989

5A53,833 2,339.653 15.414.332 830,016 19.639.692 3.528.426 86.270 358,916 1978.836)

4,372.632 6.246.927 4,825.141 9.460.416 908.783 25.675.623 3,504,147 1166.699\ {1.440.3931

3,744,545

5.453.833 2,339,653 15,414,332 830.016 19.639.692 3,587.149 29.941 1978.836\

16.77 14 ..54 106.23 (3B.6'31 9.49 30.73 ~.311 /656.76, 47.15

695,392 21.115.322 4.690.031 56.137.238 617.106 83,255,089 21.767 3,690.290 345.918 16,531.078 2.924.847 23,513,!H)() 106,768,989 (4,883.213l 15.392.8071 (455,429) 96,037,540 5.289,210 74.679 317.605 77,217 488.713 :2 925 751 IS9 389 IS!

1.242.344 19.755.984 3.899,243 50.708,039 786,187 76,391,797 173.280 4,257,090 323,937 18.151.300 2.788.452 25,694,059 102,085,856 {4.839,2321 (5.716,8241 (570,6551 90,959.145 4.255.449 42,026 269,562 461,843 488.713 3,010495 149902 !24

144.031 6.88 :l0.~8 10.71 /21.511 S.98 (87.441 (13.311 6.79 'S.931 4.89 ,S.491 4.59 0.91 15.671 I~O,19' 5.58 24.29 77.70 17.82 IB3.2B} 2.81 6,33

695.392 21.115.322 4.690.031 56.137,238 617,106 83.255,089 21.767 3,690.290 345,918 16.531.078 2,924,847 23,513,900 106,768,989 (4.883.2131 (5,392,807) (455.429) 96,037,540 5.565.445 77.706 317.605 1.442,946 4203933 1610317:52

1.242.344 19.755,984 3.899,243 50.708,039 786.187 76,391,797 173,280 4.257,090 323,937 18.151.300 2.788.452 25,694,059 102,085,856 (4.839,2321 (5.716.8241 (570.6551 90,959,145 4.492.474 45.015 269,562 1.452,598 4309121 lSI S88 240

/44.031 4.88 20.28 10.71 /21.511
B.lIIB

Total G:ro .. Loan.a and Advanees Len : Interest in Suspense Specific Loan Loss Provisions General Loan Loss Provisions Net LoaDS :and Advane_ Other Assets Income Taxation Deferred Tax Assets Group Balances Receivable investment P1·operties t-roperty, Plant ~ ~qulpment (Nctcfaccumlliatcd Total on Balance Sheet Assets

/B7.441 113.311 6.78 18.931 ".89 '8.491 4.59 0.91 /5.671 (20,191 5.SB 23.BB 72.62 17.82

dcpI'CCiation)

~:66J 44 6.23

Total Depoaita Demand Deposits Savings Deposits Tjrne Deposits Margin Deposits Other Deposits Total BOrTowin,p Borrowines from CBSL Borrowings from Banks and Financial Inetituticne BOITowinRS from Banks and Financial Institutiona Securities Sold under repurchase aareements Subordinated Term Debt Qth",r Borrowinza Group Balances Other Liabilities Payable

11.846.226 37.687,885 6:2.462.839 786,561 3,394,399 116,177,910 in Sri Lanka Abroad 627.544 2,043,703 7,216,671 3,996,365 1.565.503 15,449,7&6 148,890 11,168,024 142,944.610 10.259.353 568.368 5616824 16.444,545 1 444,545

10.412,017 36.155,800 60.053,709 820,571 3,:269.812 110.711.909 757,286 652,680 1,443,000 9,429,348 3,996,365 1.533,719 17,812,398 8,:255 9,272,937 137,805,499

13.77 4.24 4,01 (4.14} 3.81 4,94 117.131 1100. DO} 41,63 (23 . .f7) ~.O7 (13.261 1,703.63 20.44 3.73 84,26 5:771 35:94 35.94 6.33 J.OJ 3.06 (0.86

11.846.226 37.687.885 62.462,839 786,561 3,394.399 116,177,910 627,544 80,902 2,043,703 7.216,671 3,996,365 1.565.503 15,530,688

10,412,017 36.155.800 60,053,709 820,571 3,269,812 110,711,909 757.286 652,680 1,443,000 9,429,348 3,996,365 1.957.278 18.235,957 9,383,647 138,331,513 5,567,820 568.368 6365507

13.77 4.24 4.0J /4.141 3.Bl 4.94 117,13J 187.601 41.63 /23.47J
{20.021

(14.83}

11,313,118 143,021,716 10,259.353 568.368 6 057 084 16,884,805 1,125.231 18 010 036 161031752 16,5:20,655 13482722 30003377 3.578 97 49.84

20.56 3.39 84.26 4.85 35.06 49.03 3.8 6.23

Total On Ba1anee Sheet Lia.bllltiea Equity C•• ital and Rellerv_ Stated Ca'Qital Statutorv Reserve Fund Total Other Reserves Miuority l:u.tclI:_t Total E ul Ca Ital an Sheet R ....eI'Ve. LiabiUties and Equity Capital and Reserves

5.567.820 568,358 5960837 12,097,025 12,097,025 149902524 16,289.027 13908,051 30197078 3.622 95 47,58

«.~~:~~
13.256,727 151 588240 16,356,027 13908051 30264078

Total On • Balance Off· Balance Contingencies Commitments

1:59389

ISS

Sheet Item.

and Contra Aeeounu 16,453,655 1348:2 722 29936377

and Contra Accounts

fOl 3.06
0.86 12.161 2.11 1.36

Memora.n~um In ormation Number of Emolovees Number of Branches Net Auet Value Per Ordinary Share (R ....)

3,547 97 48.S4

12.071 2.11

3.657 95 49.17

2.02

R. NadDraJah Executive Director July 25, 2011 ColoIDbo

Executive Directors: Eastman Narangoda (Chairman), R Nadarajah Independent Non-Executive Directors: Nihal Jayamanne PC, Lalith With ana, Rear Admiral (Rtd.) Ananda Peiris Non-Executive Directors: Ajith Devasurendra, lshara Nanayakkara, Samantha Ranatunga, Mohan De Alwis, Piyadasa Kudabalage

SEYLAN
BANK PLC
"T.I.~OTCHl.MlDIN"QUl'TTANDRABRn. .....
.NK'

HEAD OFFICE I REGISTERED OFFICE SEYLAN TOWERS P.O. Box 400, 90, Galle Road, Colombo 3, Sri Lanka. Phone (94)-(11 )-2456789, 4701000 Fax (94)-(11)-2456456 SWIFT: SEYBLKLX Web Site: www.eseylan.com
E-mail info@seylan.lk Co. Reg. No. : PO 9

Your ref
Our ref

"~r4,. ...

f.o;"""nt,. ...

"""'.".;J04h.tu".
hit!!! OHluat']'
O'-.. lulOlJ' Ku .. •

I

P'_"" papUa!
MIIoII Cq .... q .. U .. :at.oiI.II .. .J.t.. h.'.:reac. Ok,,",

1'1-_.hlllil

..~
&37.319 131,31'

... ·000

R ...

...... fI.
flalM1CI M01{011lOID I~ .".1..:1) N!!I PIIO(l.L I{LAI'II~I fhr III(! p,,!ri<1o!1 Tmll~fcl'
~Q

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Vaun. lb. .......

....

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a.••

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0. ..... ,&1; R ••• n ••

ott....
RIIIIIII"II"oI,,1I

la.a ..... IllAUMi •• tl

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10,170 .. 1!I1(1,.!l" Ull.710J
9:i1~I:iI'"

t'I'lII

RtlHr.tI

... taiald: ....aRt I a••tat.d.1

fl.

J.~-e.L.OOO
ne 1-=III;o;~

],2J5.6oo

JJ.'JOL

~Oe..9]9

1::Z:;;.2~8

33.7&7

-IL8.02L

3.919.187 5W,5]4 IUI),73tl) '1'.1,'.1:11

'7:1

I

rl1ml Ur....;:n.::" Ihll~lI~

1)I\I'I~Ir.mllll QUlq'!l
U-

'.!OUl IIl1uk
10 "~lld!l MmLlliIClc,cnt

hmFl1WIILII~tjlJoli or:ll:yllllu

LI~I.
::J _61 000

101Irl-'J.5 1 ::l:J!lfOO

IB.lahlll!

at

::JD/U6/"l0

!A .. I.,hdl

33901
jJ.ijul

'oti 11.

1i1 apl

taDau
4liO.t..!:I

jljI

TIl

'1100,1

1 il!!:jlllJ

1101T .. "],

1I1I1~11Ct: uI11tlll/1I1/:.!OI1 [ l!I!Iu!;-~)rUlIILI'C""/!ncl'Cil""'" c)rjl~~llnCl1 (,~lllllnl Net 1'1(If\tJI! .. nl~; fClr the !)erlc!'.1 c TI~III~r(';r ~cll rrom r1(IOCIVC~IhwllllJ. ~h() 1N::Iw.l Di...-lc1ellU 11120JI
[baJallc

:l.4(jI.mJlJ

{I,~~o.ooo

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1.1--1I.CJ.:1:~

H:.i7.:l-1?

[,(i8.:lGIi

7!l-.76'1

33.7H7

H.II.u~j

4.1)69.L37

.

~)""~')
33,110

12.017+0'.11 41'91~:II.14.

490.4U~
l:tlii3.dIIoiJl

.. .,. at

JOI015l1OI1

111171t,OOO

3,677,133

1

• .J!,3-!9

~~
CiIl!l!,361 I!,76S11 46ct,I~:S
33,Z-1

t;1~3-.~60~ ~2:i! ;;t§:iI~
4I:1!i~9,Uil

I!IJ3,3:U

IIIII~",;"I!I)

ttr.. 1aoutr
,.... jh ••

c»'ctUlMlalllJtQ-Wrr.AJf1J

.....

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b.·DOIl LLon.nlh .... d'" ;'Iotl..Jwu. •t t,

OrdLII&r7 Of.U • ...,.
V"Unl

,,"'au·.

V .. Un& 111;1 .......
:1

.....

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r,.r•••
p, ••

Killi CumulaUn ............ L.
t!Ii'''

lIh..rll I.. -

••

....
l!Iod

"1"'1'11

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.........

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..._ .....

..

a...ln.t l

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.11I ...r~t,. 1.4., •• 4

Total

Eq,ult:p

...bill• .Lpnonl

1I1:Ia.t ••

I a •• w...,

11II" .. tl.III'IlJ 11,011.41$4 &01.33. 11~ . 11.'.331

I···W·"I
7111,.:111. r.lJ<8'tJI

(ft.II' .. l.ahllllt

II-.lall"" a. at 01/01j:1010 I1i •• I.hd. I rtet r'rcru (/Loill ror Ihl ~~rioc~ TnllllrflI' 10 J Irom RUtln11 durinr: thll ;~rlO(~ nh .. ~I~lIciIII :l010 I O(lo!:<)u.oH,h"U(lU or n..~llLn D.llk hn ... M"I\"It"'fI~"'~'l t
0

11],.1)61,000

1.'31311,600

3-:1,'01

.3",31D

~CW5,'II1'

4a,-II9c~

01;.:1,'9:1

a:),"I"

111'31,:30"

3,,,a3,'lGa ,501.:):)9 11'::16.180! 1l.~.l31

11, .... ,:193

~.:l .•

)III.

Dal.,;!~ ....

.

LM.

.,..m

.,

3D

..

•0

R ..

.d

,

0

DOO

• 000

.,..,
3.:1.,01

., ••
637.319

III

g-

•••
19.769

la 19

33

•3

•••

•••
155.032 379.168 13.084 l'.:U~III.n1 a.OTl,DOl tol)""'1 liliP ..... D1

13 ...1~1I~"Il. ",I Ol/OH20L 1 leeue elf fnl.l'lt-ulllleru'a or -I'I ... II:,;I:l.cdCAtli~AI Nat llozlllill!lolil fer the ""rioo 'rmu.f"r to I fl'onl til .. ".,.riqo! Di~hlm~lln :10 I L OIMflj

R.,."rv.,~ I~\lfi;n~

:l.161.0Q0 J.'25O.000

1."'~1.5J3

1.235-.600

5!i6 •.36a

818.177

33.167

67:l;~31

"'.7.5!lI.9",O 154.8631

12.:501 •• '110 4.'91.~ 184.IUI t"IL3i.~1

Li!j~_!.1

.. uU~lilOLI r

611t.~,Gll,I3.3

33 pOI

o:Ll,alP

!!I61,;"""

7?

7411

III 771

33717

Tu'l::

.....m'
t.i:5:'.SC.ol

If ":4 .011

t

tn.I;;~l

••A~~!;~

~Non Relll!tllllallill

Ple(elo:nCtfShalltswale la-dassUltru &. ItI"iJe:5lgnawd as ..... dnmllbl ... duling the 200 qualte-r or 2011.

Executive Directors: Eastman Narangoda (Chairman), R Nadarajah Independent Non-Executive Directors: Nihal Jayamanne PC, LaJith Withana, Rear Admiral (Rtd.) Ananda Peiris Non-Executive Directors: Ajith Devasurendra, Ishara Nanayakkara, Samantha Ranatunga, Mohan De Alwis, Piyadasa Kudabalage

.S~!~N
rjtvf/
CASH FLOW STATEMENT For the period
BANK 2011

HEAD OFFICE I REGISTERED OFFICE SEYLAN TOWERS P.O. Box 400,90, Galle Road, Colombo 3, Sri lanka. Phone (94)-(11j-2456789, 4701000 Fax (94)-(11 -2456456 SWIFT: SEYBlKLX Web Site: www.eseylan.com E-mail info@seylan.lk

Co. Reg. No. : PO 9 Your ref Our ref
Ro,OOO' GROUP

I

For tho 06 months ended 30th June
2010 Reu:las:sifiea

For the 06 months ended 30th June
2011 2010

Cash Flows From Operating
Interest Recelpts
F".e~ ;;:.nd Commission Receipt.!:;

Activities
6,855,037 722,446 (3,887,909) 310.614 7.911,720 607,940 (4,357.360) 174,314 325.600 (3,OBUI44) 130,276) 1,549,994 6,832,131 817,169 (3,914.347) 310.614 8,026,064 696,979 (4,474,813) 174,314 325,600 (3,091,629) (30,276) 1,626,039

lntarest Payments

Exchange Income
Receipts from Other Operating to Employe.' Acliv,tif!:S.nd Suppliers Cash Payments

324.951 (2,764,BB3) 129,B24) 1,530,432

32~,951
12,756.303) (29,824) 1,582,391

Payments on Olher Operating Activities

Operating Liabilities

Profit before Changes In Operating Assets &

(Increase)/Decrease
FundS IAdvanced Deposits

In 0 peratlng Assets:
(4,940,939) 1793,094) (1,721,898) 270,404 (5,466,200) (793,094) (2,136,112) 270,535

to) I Repaid by Customers
or Monetary Control Purposes

Held for Regulatory

Increase/(Decrease)
Deposits

In 0 peratlnQ liabilities;
by) Custom.", 5,375,424 124,587 1,296,4fD (60,000) Benefil Plan 1,267,811 269,295 1,63S,G06 (60,000) (10B,966) 5,375,424 124,587 Ul,10! (60,038) 1,267,811 269,295 1,295,5" (60,000) (10B,966)

from I (Withdrawal.

Nogollpblo C.rtmcpte.

of Depo.lt

Cash (Used In) / Generated from Operations
Income Tall:tt!:; Paid

Conlrlhullon

Paid Intn Siaff Retirement

Net Cash (Used in) I Generated from Operating Activities Cash Flows from Investing Activities
lrwestrnent ~n Subsidiary DividendS Treasury Preceeee Received 5111sIBonds Matu~ng
&

1,236,410

1,466,640

76J,070

1,126,602

Associate Company Shares I Debentures

(434,338) 6,018 2,801 (333.669) 547,393 (618,525) 215,000 (297,556) 73,455 (61,389) 35,173 2,Q43,743 (528,726) 395,423 6.018 2,043,743 (528,726) 395,423 (28) 217,623 (297,556) 77,824 (361) 547,393 (818,525) (61,776) 52,531 2,801 2,302,706

aner 03

Monlhs

Purchase af Dealing Secunues from Sale of Dealing Sec:uritJes Pureheee of Non DcaHng Socurilic3 Prcceedu from Sole of Non Deoling Securitie~ Purchase of Property,

Plant & Equipment
Property

Proceeds from Sal-a of Property, Plant & Equipment Pun::::hasi:!-of Investment

Not Cash (Used in) / Generated from Investing A ctfvltles Cash Flows from Financing ActlvlUes
Proceeds Securities Dividends from lssue of Nf!w Sherofts Sold under Repurchase Paid Agreements

1,473,019

1628,416J

1,913,940

2,025,130

4,691,533 (2,212.677) 291,310 (239.826) 5,110,618 436.316 (129.931)

4,691,533 (2,212,677) 323.295 (239.628) 2,814,445 344,186 (129.931)

Net Increase I (Decrease) In Other Borrowlnps

Net Cash (Used In) / Generated from Financing Activities

2,530,338

5,417,003

2,562,323

3,028,100

Netlnc:rease/(Decrease) Cash II Cash Equivalents

in Cas!) & Cash Equivalents at b"\jinning of the Pertoo

5,239,767 1,058,524 12,298,291

6 2t:i5 22.7 7,754,530
1 1

5,239,333 7,0(;0,000 12,299,413

6,180,432 7,031,537 14,011,969

Cash & Cash Equivalents Reconciliation

at end of the Perlod

14,009,165

Df Cash & Cash Equivalents
8 :;49+637
1

Cash & Cash Equivalents Treasury SccutltiC-$ Bills I 50"ds Maluring within 03 Monlhs PlJrch.ellsod IJr'ldcr Resele Agreement

5,202,783

8 550 759
1 1

3,101,040 647,014 12,298,291

G,095,300
2,711,662 14,009,765

3,101,640 647,014 12,299,413

5,204.967 6,095,300 2,711,682 14,011,969

Executive Directors: Eastman Narangoda (Chainnan), R Nadarajah Independent Non-Executive Directors: Nihal Jayamanne PC, Lalith Withana, Rear Admiral (Rld,) Ananda Pelris Non-Executive Directors; Ajith Devasurendra, lshara Nanayakkara, Samantha Ranatunga, Mohan De Alwis, Piyadasa Kudabalage

Web Site:
E-mail:

HEAD OFFICE I REGISTERED OFFICE SEYLAN TOWERS . P.O. Box 400,90, Galle Road, Colombo 3, Sri Lanka. Phone : (94)-(11)-2456789, 4701000 Fax: (94)-(11)-2456456 SWIFT: SEYBLKLX
www.eseylan.com

Co. Reg. No. : PO 9
Your

info@seylan.lk

ref:

NOTES

Our ret :

1.1

General
There are no changes to the accounting policies and methods of computation since the publication of tile last Annual Report. The interim financial statements are presented in accordance with SLAS 35 - Interim financial reporting. The group financial statements comprise a consolidation of the financial statements company and its subsidiary, Seylan Developments PLC (51.83%). of the

1.2

Information on Ordinary Shares MARKET VALUE
Market Value Per Share Highest puce per share for the Quarter ended Lowest puce per share for the quarter ended 30/06/2011 30/06/2010

Voting
68.60 78.50 62.10

Non Voting
34.00 50.00 33.60

Voting
81.75 94.00 47.00

Non Voting
45.75 49.50 25.75

1.3

Shareholders Information Twenty Largest Ordinary Voting Shareholders as at June 30, 2011 No.
1
2

Shareholder
Sri Lanka Insurance Corporation Ltd Brown & Company PLC src No.1 LOLC Investments Ltd Employees Provident Fund Bank of Ceylon National Development Bank PIc/Dr. TSellthilverl Dr. W.U.N. Gamage Dr. T. Senthilverl Seyfest (Private) Limited Miss M.D. Bollagala Sesot (Private) Limited Seybest (private) Limited Seyshop (private) Limited Esots (private) Limited Ceylinco Ltd. The Finance Company PIc A/C No 1 Aviva NDB Insurance PIc A/C No.o7

No. of Shares
25,999,999 24,049,888 16,555,954 13,684,035 13,000,000 13,000,000 10,335,200 4,333,333 2,972,596 2,433,000 2,244,800
2,132,900

(%)
15.00 13.87 9.55 7.89 7.50 7.50 5.96 2.50 1.71 1.40 1.30 1.23 1.23 1.22 0.97 0.84
0.62

3
4

5 6 7 8 9 10 11
12

13 14 15 16
17

2,132,900 2,115,857 1,680,896 1,450,223
1,079,366

1
Executive Directors: Eastman Narangoda (Chairman), R Nadarajah Independent Non-Executive Directors: Nihal Jayamanne PC, LaUth Withana, Rear Admiral (Rtd.) Ananda Peiris Non-Executive Directors: Ajith Devasurendra, lshara Nanayakkara, Samantha Ranatunga, Mohan De Alwis, Piyadasa Kudabalage

18 19 20

:rvIr. K.R.B. Fernando
Sotse (Private) Limited "Mr. R.K. Seenivasagam Shareholders As At June 30) 2011

1,000,000 962,331 548,800

0.58 0.56 0.32

Twenty Largest Ordinary Non-Voting No.
1 2

Shareholder Lanka Orix Leasing Company Plc Employees Provident Fund Browns Investments (pvt) Ltd Mr. E. Thavagnanasooriyam Goincly with Mr. E Thavagnanasundaram) Associated Electrical Corporation Ltd Pershing LLC S/ A Averbach Grauson & Co. Merrill J Fernando & Sons (Pvt) Limited :Miss M.D. Bollagala Mr. DlN. Hettiarachchi Mr. L.M.S.I-L Alnaqib Acuity Partners (pvt) Limited/Mr. E. Thavagnanasooriyam/Mr. E. Thavagnanasundaram Mr. E. Thavagnanasundaram Fast Gain Internationl Limited :rvIr. N. Balasingam National Savings Bank :Mr. E. Thavagnanasooriyam Asian Alliance Insurance PIc-General Fund Account Number 01 .Almar Trading Co (pvt) Ltd Mrs. L.E.M. Yaseen Mr. A. Singh as at June 30, 2011
- 61.51% - 87.74%

No. of Shares 20,045,989
9,480,434

(%) 12.17 5.76 4.58 1.69 1.47 1.34 1.11 1.03 1.01 0.96
0.96

3 4 5 6 7 8
9

7,542,275 2,789,866 2,418,766 2,202,933 1,830,000 1,691,200 1,658,200 1,583,333 1,575,000
1,558,600

10 11 12
13

1415 16 17 18 19 20 Percentage

1,530,700 1,518,403 1,496,666
1,461,100

0.95 0.93 0.92
0.91 0.89

1,416,400 1,346,400 1,340,000 1,270,000

0.86 0.82 0.81
0.77

of Public Holdings

• •

Ordinary V oring Shares Ordinary Non-Voting Shares

2

1.4 Directors' and General Manager/Chief Executive Officer's Shareholdings as at June 30,2011 Name of Director No of Shares (Ordinary Voting)
45,733 13,333 3,000 23,363

No ofSharel! (NOI1-1JOtillgj
32,000

Mr E N arangoda Mr R Nadarajah Mr N MJayamanne Mr P L P Withaml Rear Admiral (Rtd.) B A Mr A L Devasurendra Mr

Nil Nil Nil Nil Nil Nil Nil Nil Nil

JG

Peiris

Nil Nil Nil Nil Nil Nil

r c x anayakkara

Mr S P S Rana tunga Mr A M Mohan De Alwis Mr P Kudabalage

Shares held by General Manager/CEO
Mt K P Ariyaratnc Jointly with Mrs. N I Ariyaratne

20,800
37

114,400

1.5 Rights Issue
The Rights of Ordinary CV oting and Non-voting) Shares of the Bank concluded during the month of June 2011 and a sum of Rs. 4,691,533,285/- was raised. The Rights Issue of the Banks' subsidiary, Seylan Development PLC also concluded in June 2011 and a sum of Rs.813, 806,730/- was raised by them.

1.6 Extra Ordinary Cost (Voluntary Retirement Scheme (VRS) Offer)
The management announced a Voluntary Retirement Scheme in March 2011 and 300 employees in different grades were offered early retirement benefits under this scheme effective on 30 June 2011 and its full cost of Rs.700Mn has been accounted during the quarter. With the finalization of VRS, Bank plans to further consolidate its stability by improving some of the Key indicators including profitability and optimum level of efficiency. Bank's Operating Profit before the extra ordinary cost (VRS Cost) is Rs.831.978Mn months ended 30, June 2011. for the six

3

1.7

Provisions for Loans and Advances - Ceylinco Group Exposure
In view of the special circumstances under which the Bank was reconstituted by the Direction of the Central Bank of Sri Lanka, the Monetary Board has granted an exemption to Seylan Bank PLC, from the requirement to apply progressive discount on the forced sale value of immovable property, in terms of the Banking Act Direction No. 03 of 2008 on "Classification of Loans and Advances, Income Recognition and Provisioning" when computing tile provisioning to be made as at 31't December 2010, for non-performing facilities of Golden Key Credit Card Company and Ceylinco Homes International

1.8

Stated Capital as at June 30, 2011 43,560)000 Voting Ordinary Shares @ Rs. 10/- each 86,440,000 Voting Ordinary Shares @ Rs. 35/- each 43,333,333 Voting Ordinary Shares @ Rs. 75/- each 123)560,000 Non Voting Ordinary Shares @ Rs.10/- each 41,186,666 Non Voting Ordinary Shares @ Rs.35/- each 3,390,100 Redeemable, Non-Cumulative Non-Convertible, Non-Voting) Preference Shares Share Premium Rs'OOO 435,600 3,025,400 3,250,000 1,235,600 1,441,533

}

33,901 837,319

10,259,353

1.9

Post Balance Sheet Events. The Banks' Debenture Issue 2006/2011 totaling to a sum of Rs.1, 257,315,000/- matured on 12thJuly 2011 and tile Bank corrnnenced redeeming them to the holders of the debentures on the said date.

1.10

Others
There were no material changes in contingent liabilities, composition of Assets and Liabilities and use of funds raised by the Bank. All known expenses have been provided for in these Interim Accounts.

4

HEAD OFFICE I REGISTERED OFFICE SEYLAN TOWERS P.O. Box 400, 90, Galle Road, Colombo 3, Sri Lanka. Phone (94)-(11)-2456789, 4701000 Fax (94)-(11)-2456456 SWIFT: SEYBLKLX Web Site: www.eseylan.com
E-mail

Co. Reg. No. : PO 9 Your ref : Our ref

info@seylan.lk

SEGMENT REPORTING-GROUP
1,11
liI.nklng 3D.llII!I.:Z011 JO.06.201D

Can.um.r jl'~nanc.
JO,OI.2011 RI.'(JOO JII,UCi.:iilO10 Rs.'OOO 312,545 3,638 316,18' 94,866 JIJ.UI$.21)11

r ....... ul')l 30.015,2010 Rs>'QOO 2,6;)6,600 371,567 3,Ooa,175

PropertyJlMlJ4lm.nl
JO,015,2011 30.011,201(1

Ellrnlnl.tlon:liUn~Jlocd4d 30.015.2011 30.0d.20"'. R,."oOQ Ra:OOO 15,4B9 (31,527) ('8,030) (BB6,695)

Con.nll.d.t.d
JO,OIl5.2011 RI."OIl'O 7,6::!B,o;B7 1.2eO,875 8,008,882 766,115 (54,ee3) Jll'.OG.2010 RI,'OOO B,25S,1-!l-e 1,015,24'0 0,272,0'5

RI:OOD
11I1"ltf~::'IllnOOWI::II

R:s:OOO
5,2:92,102 5'114,010 5,OaB,112 750.423

",:"'00
1,710,4::!5
184.718 1,S'C5,153 433,064

:M.,-OO'D
2,519 142,460 144J,ae 64,501

Ra.'oOO
23 71,583 77,5e8 (47,065)

5,54fl,:'I34 036,014

371,014
4.410 :m';,024 46<733

6,08.5 1.364
171<441) (1,775,051)

othor lnecme
TollLl gevenue

6,403.,2.48-

St-gmenINlo'lllt!l
Not prom for the ytlllr Tot", Aeeete Tol ..~li..1lllitie-li

aooe.ese
121,034,635 121,0:14,9392<353,519

9l59,'HlO

876~:S6~
507,339 14218S4,k'l28

11117S"e~O 111,751,896

!:i.OJ5,G4g

2,D7'1t,9gj

~,250,937 0,258,037 434,731

12,eOe,577 12,606,577

S,03S,4Q-3 5,03e,493
(4V10)

3,210,94~ 3,210,Qa;;t 103.629

20,803,535
::m,I!l.B:1,635 (2,035,a90)

1:2,405,513
1:2,406,513 (1,145,023)

161,0311752 161.031,752 703,070

5,O'35,g.,U;l
60,420

2,S70,gQ") 106,894

142,854,1;128
l,12MD2

Cuh ilcws from
Opomtlng flI"UvjHCl3

1,';::'3,546
441,03a

aer.sse
l,7I:'m,n;li

Cuh flow!'tom
Invu:.llng D"Uvitil::I Ca.e.h ~llJw-ll [rom fjnllncing fI"livjljll!J!J. Cupilll~ E;o;pam.lltura

(223,728)

2,'2{;,733

(127,5>7)

(7',620)

135,472

('15,027)

1,{l13.Q40

2,025,130

4Jtl,3Hl (297,556) (01,369)

(1,021,367)

2,Cl00,4!53

lBO,810

(42,080)

4,302,MO

HI,616

2.562,323 (297,556)

;J,028,700

(307)

(Sl,ne)

Executive Directors: Eastman Narangoda (Chairman), A Nadarajah Independent Non-Executive Directors: Nihal Jayamanne PC, Lalith Withana, Rear Admiral (Rtd.) Ananda Peiris Non-Executive Directors: Ajith Devasurendra, lshara Nanayakkara, Samantha Aanatunga, Mohan De Alwis, Piyadasa Kudabalage

@Q..,::-

HEAD OFFICE I REGISTERED OFFICE SEYLAN TOWERS P.O. Box 400, 90, Galle Road, Colombo 3, Sri Lanka. Phone : (94)-(11 )-2456789, 4701000 Fax (94)-(11 )-2456456 SWI FT : SEYBLKLX Web Site: www.eseylan.com E-mail: info@seylan.lk Co. Reg. No. : PO 9 Yourref: Our ref :

Selected

Performance Indicators
Bank Bank
Group

Group

R..gulatory

CapltRl Ad ....uacl'

Core Capital (Tier 1 Capital) Rs Mn. Total Capital Base Rs Mn. Con: Capital Adequacy Ratio as a % of Risk Weighted Assets ( Minimum Requirement 5%) Total Capital Adequacy Ratio as a % of Risk Weighted Assets ( Minimum Requirement 10%)

15,675 16,901

11,554 13,180

16,059 17.325

11,936 13,601

14.51

10.58

14.58

10.74

15.65

12.07

15.73

12.24

A.... t. Quality

I QuRllty

of Loan Portfolio

I
18,29

Gross Non performing Advances Ratio % ( Net ofIntercst in Suspense 1 Gross Non performing Advances Ratio % (Net of Interest in Suspense including Investment Properties) Net Non performing Advances Ratio % ( Net of Interest in Suspense rmd Provision) Net Non performing Advances Rutio % in Suspense and Provision including Investment Properties

18.67

12.55

12.96

I Net of Interest

p~ont.bUity Interest Margin % Return ( Net Profit Before Tax Return on Equity %
Regulatory

I on

4.76 Average Assets %
0.Q1

(l.40)

LiqUidity Statutory Liquid Assets Domestic Bonking Unit Rs Mn. Offshore Banking Unit USD Mn. Statutory Liquid Assets Ratio % ( Minimum Requirement 20 % 1 Dnmestic Bnnking Unit. Offshore Banking Unit

34,968 14.93

27.15 27.36

Dividends Paid IRs. '000)
OrdiDUY Preferlln""

30.06.11 236,369 3,459 239,828

30.06.10 123,876 6,055 129,931

Executive Directors: Eastman Narangoda (Chairman), R Nadarajah Independent Non-Executive Directors: Nihal Jayamanne PC, Lalith With ana, Rear Admiral (Rld.) Ananda Pairis Non-Executive Directors: Ajith Devasurendra, Ishara Nanayakkara, Samantha Ranatunga, Mohan De Alwis, Piyadasa Kudabalage

"I:)"(\:.., V'"'

• ,.--

LY- -:

HEAD OFFICE I REGISTERED OFFICE SEYLANTOWERS P.O. Box 400,90, Galle Road, Colombo 3, Sri Lanka. Phone (94}-(11 }-24567B9,4701000 Fax (94}-(11 )-2456456 SWIFT: SEYBLKLX Web Site: www.eseylan.com E-mail info@seylan.lk Co. Reg.No. : PO 9 Your ref Our ref
~rn ~~ U~tll:l&;: '11L'I!I~'Iltuni
ICIlRnl1NT F'tIilICD f'f1;EII'IOU. DCt.l,.,t,;ta,t .... PI:RtoP

c

~',".Z~11 Inter •• ' fiill. D.bl or COinj:larAblt
f""

n,o,':'u

Oov.rnrn.nE

S.curlty

9,02%
0.25 1.03 0.81

11.00%
0.33 SAt

J

EquUy ratio

Int.r •• 1 CQYl'r
Qulc.k AtNI Rlllo"

0.59

1h1- MarUI Ptlc ... during th.li :H.lt V .. r (Ex Intuull 200Gl2Dt1I .. Uit AnroulIol ~nlere!ll· 13,50% p,~.

•• liglidSI Puce • Lowest Prjce
- Laet Tr(ld~ Prtce p.a.

100,00

100,00
100.00

"1(2010112010)
Monthly In~'mltt .'3,00%

• Highest Ptlce
.l.OWfllit Prier. ·lllil Traded Price

95.00 95,00
95,00

95.00 95.00 95.00

(1610512011) I (1510212010)
FloDli~ Inlorntz00112rJ'Jillout 11.26% p .e,

J A~rlIID1InLllr,"l·1B,;rS% p.a.
• HI~flNl PII~~ '90,00

• LowMI Pric8 • '--III TratJ-atI Prlca {27104r.!OI1) I (01)1061201 0) M-cnt:hlyIMletesl-1S.75% p,o.
- ~fi~h"l ptlt:i!I - Law •• 1Price

00.00 90,00

00,00 00.00 90,00
100,(lO

100,00

- Lull Trauad Prc!::a 117108/2011) I (2010512"'0) FloOlUn;;' ntO'1'oa.t·14,00% p.e. I
20rJ7/Z012 ,uuel - Hi~U'lD~t

1-00,00 100,00

100,00
HlO.OO

t

Annuul Interoa.t - 18,00% p.llI. ~ LOWII~I dc. ~ ·1....11Trll;(hKJPlica 12£10212011[1 (0710812010) Monl~l,. ~r1-laraCJI-17.<iO%,OI, P
.HJQf18St Prjcii

srrce

86,00

as 00
95.00
100.(lO

&i,00

85.00 95,00 100,00 100.00 100.00

- Low..t p,ie. • LU:l1 TrllrJl!IlJPli~a (O~IO.I2DII)' (0710BI:2010) Fh:;'oIIUng Ii'ltala~t· 10.05-% p.e. (F01'3 Montha 9,47% p.a.) 200412013luw Anrluallf1te'6a~ - 21.50-% p.1l
• Hlahest

'00.00 100.(l0

- Lowe.t !l,te.

PrJe"

lOO.UI)

- I,;EI!l Traded Price (141Qm011}J·

100.00 100.00 7e, 75 78,75 7•. 75 100.00 100-.00 10'0',00 78.75 78.75 7e. 75

Monthly Iil-totasl· ~O.SO% p.e. LLowell p,j(:" La!!1Traded Prici (02/01'1(2011}1 (18}{lflI2010) Flo&Uf1~ QultltCl1'lylmereet- s:lA7% P,;!!,
+

• HJal'1Dst Price

-Hi~h"st

Price

LLOl'l1llltPIle .. • L;ellllnlllt1!Jd PriC'II (,;'05r.lOl1)' • Floating AT1I1uallnlurual- 10.'0'5% P,lI. In,..... 1 vl.ltI AI At O.flt. Clflalt Tractil 2110412011lit ..... An.n1,l81Inll!U6.t~ I (20f01/2010) r..tMlhly lIilllr8,,1 (1610611011) I (15/021201 0) fl(l.lUrlO Inlet.a~ Anr'luallnlereat (271(14/2011) / (05lO6n:010) MoOl~'Y ,.,.'." 117IQ6IZ011)I (2UIO:iJ2U1) 0 PIDJlilr'lgln!ele:lt 2001110121 •• u. ~I Anrlwallnt8185t (29J02f.Ui11) I (07106/2010) Monlhl,.lnlerasl (0210611011) I (071061201 0) FI()allno In~.,r":lt ::I!DDBJ201J .... In Anrlu.'lntll!uI!I!lt (14fO:VZ011J/· Monlhly 1"lelesl {02100J2011)I (16lOBJ2010) FloaU:n~ Quarterly Inl'llnul~ (131tl5rzOI'l}jFlo.!llir'loAnr'luBllnlllrul ~ YI.ld te R""ildrit)i' Df tunftl don. on 20041'2011 IntfII Anr'lu.lln!elest • I (:20/011:2010) MonltlllyInl.ra!ll{1eI05Jl011) I (151021201 0) t=lna_ljr-.glnI811l13t 2007JI012 ~.. u.' Anr1.u.allnl-tlIM~ (:2710412011) I (OBlO6r2010} MOr'llhlyInlt'lr.eeI111106J201 1II (::!OKl512010) FIDl.II~lnlflllII!t .. 2007J2012 'nullo II Anr>uoIIIllnt-e'etl(28f02l20~ 1)' I07fOef20 IO} MCI"I-Ihly InlMr.!l (0210612011) J (07/0612010) F~olf.lI~ Inlefe,t • 200412013 Ju .... Anr.u.allnl-llrw ! (14J0.:u:2011} f~ .. M()~lhly Inl" ... l (02lOflfZ01l) j (IMlDf2DlD) F~[).Jfltr'la Ouarterly Inl-llfotill (l 3JOB1201 HI , Fl().;IUngAr'ln\lIJ~ Ifil.,r'll!l1~
.... 1......... Dw.~ntl1Mo ........ .. C_pIIIU,. PI,'Dd ~lmm."In. PINlI"~n, flnlll~1I1 '11t1

14,53% 18,61% 1M4% 21,18% '039% 21,50% 28.62%
9,.!Il%

lJ.50':oi! '14.53% 18.61% ,6.94% 21.18% 10.39%

i00'1Jl012

tl'U ••

28.62%

4D,'10%2641% 1S>74'lt
29,a4%

13.33% 1Y.05% 2362% 1S,7.% 26,70% 17.00%

17.00%
21.42%

32.• 2%
Il47%

30.44%

Executive Directors: Eastman Narangoda (Chairman), R Nadarajah Independent Non-Executive Directors: Nihal Jayamanne PC, Lalith Withana. Rear Admiral (Rtd.) Ananda Peiris Non-Executive Directors: Ajith Devasurendra, lshara Nanayakkara, Samantha Ranatunga, Mohan De Alwis, Piyadasa Kudabalage

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