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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308 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 />
21.1 Analysis of Provision for Loan Losses and Interest in Suspense<br />
BANK<br />
GROUP<br />
2011 2010 2011 2010<br />
Loan Loss Interest in Loan Loss Interest in Loan Loss Interest in Loan Loss Interest in<br />
Provision Suspense Provision Suspense Provision Suspense Provision Suspense<br />
Rs. ’000 Rs. ’000 Rs. ’000 Rs. ’000 Rs. ’000 Rs. ’000 Rs. ’000 Rs. ’000<br />
Bills of Exchange<br />
(Note 20) 10,126 – 21,946 – 10,126 – 21,946 –<br />
Loans and Advances<br />
(Note 21) 4,817,003 4,686,212 6,034,555 4,790,323 4,817,003 4,686,212 6,034,555 4,790,323<br />
Lease Rental Receivable<br />
(Note 22) 212,532 43,458 230,978 48,909 212,532 43,458 230,978 48,909<br />
5,039,661 4,729,670 6,287,479 4,839,232 5,039,661 4,729,670 6,287,479 4,839,232<br />
21.2 Analysis of Provision for Loan Losses<br />
BANK<br />
GROUP<br />
2011 2010 2011 2010<br />
Loan Loss Loan Loss Loan Loss Loan Loss Loan Loss Loan Loss Loan Loss Loan Loss<br />
Provision Provision Provision Provision Provision Provision Provision Provision<br />
Specific General Specific General Specific General Specific General<br />
Rs. ’000 Rs. ’000 Rs. ’000 Rs. ’000 Rs. ’000 Rs. ’000 Rs. ’000 Rs. ’000<br />
Bills of Exchange 5,180 4,946 12,267 9,679 5,180 4,946 12,267 9,679<br />
Loans and Advances 4,476,321 340,682 5,508,722 525,833 4,476,321 340,682 5,508,722 525,833<br />
Lease Rental Receivable 175,921 36,611 195,835 35,143 175,921 36,611 195,835 35,143<br />
4,657,422 382,239 5,716,824 570,655 4,657,422 382,239 5,716,824 570,655<br />
Loan Loss Provision - Specific 4,657,422 5,716,824 4,657,422 5,716,824<br />
Loan Loss Provision - General 382,239 570,655 382,239 570,655<br />
Total Loan Loss Provision -<br />
(Note 21.1) 5,039,661 6,287,479 5,039,661 6,287,479<br />
21.3 Movement in Loan Loss Provision<br />
BANK<br />
GROUP<br />
2011 2010 2011 2010<br />
Specific General Specific General Specific General Specific General<br />
Rs. ’000 Rs. ’000 Rs. ’000 Rs. ’000 Rs. ’000 Rs. ’000 Rs. ’000 Rs. ’000<br />
Balance Brought Forward 5,716,824 570,655 5,956,832 509,176 5,716,824 570,655 5,956,832 509,176<br />
Additional Provision/<br />
(Reversal) Made 827,401 (188,416) 1,509,512 61,479 827,401 (188,416) 1,509,512 61,479<br />
Fully Provided Loans Written Off (1,038,972) – (681,393) – (1,038,972) – (681,393) –<br />
Recoveries Made During <strong>the</strong> Year (879,138) – (1,024,823) – (879,138) – (1,024,823) –<br />
Exchange Rate Variance on<br />
Foreign Currency Provisions 31,307 – (43,304) – 31,307 – (43,304) –<br />
4,657,422 382,239 5,716,824 570,655 4,657,422 382,239 5,716,824 570,655