Notes to the Consolidated Financial Statements - Seylan Bank
Notes to the Consolidated Financial Statements - Seylan Bank
Notes to the Consolidated Financial Statements - Seylan Bank
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294 North Bound > <strong>Seylan</strong> <strong>Bank</strong> Annual Report 2011<br />
<strong>Notes</strong> <strong>to</strong> <strong>the</strong> <strong>Consolidated</strong> <strong>Financial</strong> <strong>Statements</strong><br />
BANK<br />
GROUP<br />
2011 2010 2011 2010<br />
Rs. ’000 Rs. ’000 Rs. ’000 Rs. ’000<br />
8. O<strong>the</strong>r Income<br />
Dividend Income from Dealing Securities - Quoted 12,510 3,800 12,510 3,800<br />
Dividend Income from Dealing Securities - Unquoted – 349 – 349<br />
Dividend Income from Investment<br />
Securities - Quoted 557 637 557 637<br />
Dividend Income from Investment<br />
Securities - Unquoted 2,844 1,717 2,844 1,717<br />
Profit/(Loss) on Sale of Property,<br />
Plant & Equipment 18,625 39,070 22,261 43,815<br />
Profit/(Loss) on Sale of Investment Properties 7,335 – 7,335 –<br />
Profit/(Loss) on Sale of Investment Securities 76 89,388 547 87,587<br />
Profit/(Loss) on Sale of Dealing Securities 137,231 375,803 137,231 375,803<br />
Negative Goodwill on Consolidation – – 22,354 –<br />
Bad Debts Written Back and Recovered 959,118 1,095,507 959,118 1,095,507<br />
O<strong>the</strong>rs – – 133,847 46,062<br />
1,138,296 1,606,271 1,298,604 1,655,277<br />
BANK<br />
GROUP<br />
2011 2010 2011 2010<br />
(Reclassified)<br />
(Reclassified)<br />
Rs. ’000 Rs. ’000 Rs. ’000 Rs. ’000<br />
9. Operating Expenses<br />
Operating Expenses include <strong>the</strong> following:<br />
Direc<strong>to</strong>rs’ Emoluments 17,499 15,650 18,099 24,639<br />
Audi<strong>to</strong>rs’ Remuneration - Audit Fees & Expenses 6,851 5,462 7,476 6,185<br />
- Audit-Related Fee<br />
& Expenses 1,775 2,174 1,775 2,174<br />
- Non-Audit Services 440 332 440 796<br />
Depreciation - Freehold Property,<br />
Plant & Equipment (Note 29) 392,798 458,766 422,787 495,129<br />
Depreciation - Leasehold Property,<br />
Plant & Equipment (Note 30) 1,408 1,992 9,286 9,870<br />
Depreciation - Investment Property (Note 27) – – 20,095 20,068<br />
Amortisation of Intangible Assets (Note 31) 206,224 289,056 206,224 289,056<br />
Donations 3,340 2,281 3,340 2,281<br />
Expenses on Litigation 83,405 93,031 83,494 93,031<br />
Issue Expenses on Debentures/Shares 14,578 6,223 21,114 6,223<br />
Value Added Tax on <strong>Financial</strong> Services 447,477 857,240 447,477 868,136<br />
Impairment Loss - Provision/(Reversal) 971,601 844,615 1,063,697 844,615<br />
Provision for Doubtful Receivables – – 827 11,241