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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326 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 />
(Reclassified)<br />
(Reclassified)<br />
Rs. ’000 Rs. ’000 Rs. ’000 Rs. ’000<br />
32. O<strong>the</strong>r Assets<br />
Deposits and Prepayments 496,695 477,049 512,897 492,016<br />
Interest Receivable 1,368,471 1,192,883 1,368,471 1,192,883<br />
Clearing House Balance 1,382,436 1,792,811 1,365,168 1,782,850<br />
Inven<strong>to</strong>ries 290,997 236,527 290,997 236,527<br />
Investment in Projects (Note 32.1) – – – 210,652<br />
Sundry Deb<strong>to</strong>rs 168,872 137,203 168,872 137,203<br />
O<strong>the</strong>r Receivables 336,728 54,071 336,728 54,071<br />
Due from Trust Companies 124,396 124,273 124,396 124,273<br />
O<strong>the</strong>rs 292,122 358,597 368,783 379,964<br />
4,460,717 4,373,414 4,536,312 4,610,439<br />
32.1 Investment in Projects<br />
Ja-Ela Commercial Complex – – – 70,351<br />
Moratuwa Housing Project – – – 140,301<br />
– – – 210,652<br />
32.1.1 The amount outstanding under investments in projects as at 31st December 2010 has been written<br />
off/transferred <strong>to</strong> o<strong>the</strong>r assets/liabilities during <strong>the</strong> year as detailed below:<br />
Rs. ’000<br />
Impaired during <strong>the</strong> Year - Ja-Ela Commercial Complex 70,351<br />
Impaired during <strong>the</strong> Year - Moratuwa Housing Project 21,745<br />
Transferred <strong>to</strong> Land Sales S<strong>to</strong>cks (O<strong>the</strong>r Assets - O<strong>the</strong>rs) 42,713<br />
Set off against Project Current Account (O<strong>the</strong>r Liabilities - O<strong>the</strong>rs) 43,230<br />
Land transfers <strong>to</strong> owners (Net of Additions) 32,613<br />
210,652<br />
BANK<br />
GROUP<br />
2011 2010 2011 2010<br />
Rs. ’000 Rs. ’000 Rs. ’000 Rs. ’000<br />
33. Deposits<br />
Local Currency Deposits<br />
Demand Deposits 9,764,010 9,442,613 9,764,010 9,442,613<br />
Savings Deposits 35,522,134 33,197,056 35,522,134 33,197,056<br />
Time Deposits 62,682,625 54,919,329 62,682,625 54,919,329<br />
Certificates of Deposit 3,606,977 3,269,812 3,606,977 3,269,812<br />
111,575,746 100,828,810 111,575,746 100,828,810<br />
Foreign Currency Deposits<br />
Demand Deposits 876,339 969,404 876,339 969,404<br />
Savings Deposits 2,980,874 2,958,744 2,980,874 2,958,744<br />
Time Deposits 5,105,937 5,134,380 5,105,937 5,134,380<br />
8,963,150 9,062,528 8,963,150 9,062,528<br />
Total Deposits 120,538,896 109,891,338 120,538,896 109,891,338
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