Notes to the Consolidated Financial Statements - Seylan Bank

More documents

Recommendations

Info

298 North Bound > Seylan Bank Annual Report 2011 Notes to the Consolidated Financial Statements 15. Dividends BANK GROUP 2011 2010 2011 2010 Rs. ’000 Rs. ’000 Rs. ’000 Rs. ’000 Ordinary Share Dividends (15.1) 253,560 126,780 253,560 126,780 Preference Share Dividends (15.2) – 3,560 – 3,560 253,560 130,340 253,560 130,340 15.1 Ordinary Share Dividends Net Dividend 228,204 114,102 228,204 114,102 Tax Deducted at Source 25,356 12,678 25,356 12,678 Gross Dividend (Note 44) 253,560 126,780 253,560 126,780 15.2 Preference Share Dividends Net Dividend – 3,560 – 3,560 Tax Deducted at Source – – – – Gross Dividend – 3,560 – 3,560 16. Cash and cash equivalents Cash in Hand - Local Currency 4,056,410 3,561,087 4,056,445 3,561,125 Cash in Hand - Foreign Currency 53,390 181,902 53,390 181,902 Cash at Bank – – 526 1,518 Balances with Local Banks – 23,885 – 23,885 Balances with Foreign Banks 440,403 931,532 440,403 931,532 Placements with Banks and Finance Companies (16.1) – – – – 4,550,203 4,698,406 4,550,764 4,699,962 16.1 Placements with Banks and Finance Companies Fixed Deposit with Finance Companies – – 5,943 5,943 Provision for Doubtful Receivable – – (5,943) (5,943) – – – – 17. Balance with the Central Bank of Sri Lanka Cash balance is required to be maintained with the Central Bank of Sri Lanka according to statutory requirements. At present, the minimum cash reserve requirement is 8% of the rupee deposit liabilities for 2011. The Statutory Reserve Rate was increased from 7% to 8% with effect from 29th April 2011. BANK/GROUP 2011 2010 Rs. ’000 Rs. ’000 Average Deposit Liabilities for the Last Week of December 111,143,742 102,371,365 Statutory Reserve Requirement 8,891,499 7,165,996 Less: Average Sri Lanka Currency Notes and Coins held over and above 2% of Average Deposit Liabilities, but not exceeding 4% 1,619,951 1,708,414 Total Reserve Required to be held with Central Bank 7,271,548 5,457,582 Average Balance held by the Bank for the Last Week of the Year 7,271,584 5,453,929 CBSL Balance as at 31st December 7,070,728 5,453,833
North Bound > Seylan Bank Annual Report 2011 299 2011 2010 Cost Rs. ’000 Market Value Rs. ‘000 Cost Rs. ’000 Market Value Rs. ’000 18. DEALING Securities Seylan Bank PLC (Note 18.1) 5,468,690 5,156,438 16,185,949 16,330,618 Seylan Developments PLC – – – – Total Dealing Securities - Group 5,468,690 5,156,438 16,185,949 16,330,618
Page 1 and 2: North Bound > Seylan Bank Annual Re
Page 27: North Bound > Seylan Bank Annual Re
Page 38 and 39: 308 North Bound > Seylan Bank Annua
Page 78 and 79:
348 North Bound > Seylan Bank Annua
Page 80 and 81:
Page 82 and 83:
Page 84 and 85:
Page 86 and 87:
Page 88 and 89:
Page 90 and 91:
Page 92:
show all

Notes to the Consolidated Financial Statements - Seylan Bank

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?