Notes to the Consolidated Financial Statements - Seylan Bank

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312 North Bound > Seylan Bank Annual Report 2011 Notes to the Consolidated Financial Statements 21.6.2 As per the Direction issued by the Central Bank of Sri Lanka on 31st December 2004, the Non-Performing Ratio Net of Interest in Suspense after inclusion of Investment Properties is as follows: 2011 2010 % % Non-Performing Ratio before Adjusting Investment Properties 14.24 21.36 Non-Performing Ratio after Adjusting Investment Properties 14.41 21.75 21.7.1 Collateral-Wise Analysis of Gross Non-Performing Portfolio The Bank holds collateral against its lending portfolio in the form of mortgage interest over property, other registered securities and assets. Estimation of fair value/realisable value is based on the value of collateral assessed at the time of lending and generally are not updated except when a loan is individually assessed as non-performing. 2011 2010 Rs. ‘000 Rs. ‘000 Secured by Immovable Assets 9,106,474 11,855,579 Secured by Movable Assets 350,461 370,390 Secured by Cash/Shares 84,283 466,624 Secured by Pawned Articles 57,821 4,166 Other Securities 139,052 109,664 Clean 11,185,022 12,887,636 20,923,113 25,694,059 21.7.2 Foreclosed Properties Loans & Advances 2,187,411 1,672,512 2,187,411 1,672,512 21.8 Balance Outstanding on Advances Granted to Employee Share Owning Trust Companies Amount Amount Outstanding Outstanding 2011 2010 Rs. ’000 Rs. ’000 Seybest (Pvt) Limited 29,290 30,321 Sotse (Pvt) Limited 29,154 29,892 Esot (Pvt) Limited 29,789 30,978 Seyshop (Pvt) Limited 29,661 30,360 117,894 121,551
North Bound > Seylan Bank Annual Report 2011 313 21.9 Concentration of Credit Risk Sector-wise analysis of credit portfolio given below, reflects the exposure to credit risk in the various sectors of the economy. BANK GROUP 2011 2010 2011 2010 Rs. ’000 % Rs. ’000 % Rs. ’000 % Rs. ’000 % Food, Beverages and Tobacco 751,989 0.68 738,563 0.77 751,989 0.68 738,563 0.77 Agriculture, Agro Business & Fisheries 3,938,898 3.59 5,697,329 5.91 3,938,898 3.59 5,697,329 5.91 Textiles and Wearing Apparel 1,094,748 0.99 1,635,893 1.70 1,094,748 0.99 1,635,893 1.70 Wood & Paper Products 908,843 0.83 733,893 0.76 908,843 0.83 733,893 0.76 Rubber & Leather Products 286,334 0.26 383,473 0.40 286,334 0.26 383,473 0.40 Metals, Chemicals & Engineering 645,829 0.59 648,714 0.67 645,829 0.59 648,714 0.67 Hotels 1,209,546 1.10 834,100 0.86 1,209,546 1.10 834,100 0.86 Services 6,035,788 5.50 4,115,470 4.27 6,035,788 5.50 4,115,470 4.27 Others 94,967,689 86.46 81,659,617 84.66 94,967,689 86.46 81,659,617 84.66 Gross Loans & Advances 109,839,664 100.00 96,447,052 100.00 109,839,664 100.00 96,447,052 100.00 Loans & Advances 109,839,664 96,447,052 109,839,664 96,447,052 Lease Rentals Receivable 7,578,842 4,223,180 7,578,842 4,223,180 Bills of Exchange 1,000,912 1,415,624 1,000,912 1,415,624 Inter-Company Loans – 383,127 – – Gross Loans & Advances Including Lease Receivables & Bills of Exchange 118,419,418 102,468,983 118,419,418 102,085,856 ‘Others’ Category Comprises the following Advances: Exports 5,726,226 6.03 7,768,333 9.51 5,726,226 6.03 7,768,333 9.51 Imports 6,765,564 7.12 7,379,605 9.04 6,765,564 7.12 7,379,605 9.04 Trading 12,998,057 13.69 12,095,134 14.81 12,998,057 13.69 12,095,134 14.81 Financial Services 12,841,052 13.52 6,661,041 8.16 12,841,052 13.52 6,661,041 8.16 Housing 11,250,475 11.85 13,397,670 16.40 11,250,475 11.85 13,397,670 16.40 Consumption 15,894,372 16.74 11,924,359 14.60 15,894,372 16.74 11,924,359 14.60 Miscellaneous 29,491,943 31.05 22,433,475 27.48 29,491,943 31.05 22,433,475 27.48 94,967,689 100.00 81,659,617 100.00 94,967,689 100.00 81,659,617 100.00 Total Lending to Agriculture Sector Total direct and indirect lending to agricultural sector exceeds 10% of the portfolio and has been categorised under different segments.
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