Notes to the Consolidated Financial Statements - Seylan Bank

304 North Bound > Seylan Bank Annual Report 2011
Notes to the Consolidated Financial Statements
2011 2010
Cost
Market
Value Cost
Market
Value
Rs. ’000 Rs. ’000 Rs. ’000 Rs. ’000
19.1.6 Quoted Debentures
SMB Leasing PLC
(187,240 Debentures of Rs. 100/- each) 18,724 18,724 18,724 –
Less - Provision for Impairment – – (18,724) –
Total Quoted Debentures - Bank 18,724 18,724 – –
Cost
Directors'
Valuation
Cost
(Reclassified)
Directors'
Valuation
(Reclassified)
Rs. ’000 Rs. ’000 Rs. ’000 Rs. ’000
19.1.7 Unquoted Debentures
Grameen Micro Credit Company Limited
(1,725 Debentures of Rs. 1,000,000/-each) 1,725,000 616,775* 1,725,000 1,019,944
People’s Leasing Company Limited
(500,000 Debentures of Rs. 100/-each) 50,000 50,000 50,000 50,000
Urban Development Authority
(4,357,400 Debentures of Rs. 100/-each) 435,740 435,740 435,740 435,740
Bank of Ceylon
(500,000 Debentures of Rs. 100/-each) 50,000 50,000 – –
O/A Grameen Micro Credit Company Limited
Provision for Impairment (Note 19.1.2 ***) (883,225) – (480,056) –
Transfer from Interest in Suspense** (225,000) – (225,000) –
Total Unquoted Debentures - Bank 1,152,515 1,152,515 1,505,684 1,505,684
Total Debentures - Bank 1,171,239 1,171,239 1,505,684 1,505,684
* Secured against the mortgaged properties
** Interest in suspense on Grameen Loans before restructuring
Total Investment Securities - Bank (Notes 19.1.1,
19.1.2, 19.1.3, 19.1.4, 19.1.5, 19.1.6 & 19.1.7) 28,609,888 28,793,445 21,749,282 22,084,698