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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328 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 />
36.1 Movement in Debentures<br />
BANK<br />
GROUP<br />
2011 2010 2011 2010<br />
Rs. ’000 Rs. ’000 Rs. ’000 Rs. ’000<br />
As at Beginning of <strong>the</strong> Year 3,996,365 4,230,365 3,996,365 4,230,365<br />
Issues During <strong>the</strong> Year – 465,000 – 465,000<br />
Redemptions During <strong>the</strong> Year (1,344,715) (699,000) (1,344,715) (699,000)<br />
As at End of <strong>the</strong> Year 2,651,650 3,996,365 2,651,650 3,996,365<br />
36.2 Debenture Category<br />
Fixed Rate Debentures<br />
BANK<br />
Colombo<br />
S<strong>to</strong>ck Interest Allotment Maturity Value as at Value as at<br />
Exchange Payable Date/Period Date/Period 31.12.2011 31.12.2010<br />
Listing Frequency Rs. ‘000 Rs. ‘000<br />
2006/2011 - 13.50% p.a. Listed Annually 13.07.2006 12.07.2011 – 462,080<br />
2006/2011 - 13.00% p.a. Listed Monthly 13.07.2006 12.07.2011 – 764,640<br />
2006/2011 - 15.00% p.a. Not listed Annually 24.11.2006 - 29.12.2006 23.11.2011 - 28.12.2011 – 51,900<br />
2006/2011 - 14.00% p.a. Not listed Monthly 27.11.2006 - 29.12.2006 26.11.2011 - 28.12.2011 – 34,500<br />
2006/2012 - 18.50% p.a.* Not listed At Maturity 27.11.2006 - 29.12.2006 26.11.2012 - 28.12.2012 74,850 74,850<br />
2007/2012 - 16.75% p.a. Listed Annually 30.05.2007 29.05.2012 427,545 427,545<br />
2007/2012 - 15.75% p.a. Listed Monthly 30.05.2007 29.05.2012 291,620 291,620<br />
2007/2012 - 18.00% p.a. Listed Annually 10.12.2007 09.12.2012 296,240 296,240<br />
2007/2012 - 17.00% p.a. Listed Monthly 10.12.2007 09.12.2012 208,955 208,955<br />
2007/2012 - 19.50% p.a. Not listed Annually 27.09.2007 26.09.2012 100,000 100,000<br />
2008/2013 - 20.00% p.a. Not listed Annually 12.09.2008 - 31.10.2008 11.09.2013 - 30.10.2013 23,800 23,800<br />
2008/2013 - 18.50% p.a. Not listed Monthly 22.09.2008 - 31.10.2008 21.09.2013 - 30.10.2013 18,800 18,800<br />
2008/2013 - 21.50% p.a. Listed Annually 12.01.2009 11.01.2014 231,610 231,610<br />
2008/2013 - 20.50% p.a. Listed Monthly 12.01.2009 11.01.2014 395,445 395,445<br />
2008/2013 - 22.50% p.a. Not listed At Maturity 01.09.2008 - 31.10.2008 31.08.2013 - 30.10.2013 29,950 29,950<br />
2010/2015 - 11.00% p.a. Not listed Quarterly 07.12.2010 - 29.12.2010 06.12.2015 - 28.12.2015 245,000 245,000<br />
2,343,815 3,656,935<br />
* Zero coupon debenture offered at a discount on par value with <strong>the</strong> investment doubled at maturity of <strong>the</strong> debentures which will be<br />
six years from <strong>the</strong> date of allotment (investment is doubled after <strong>the</strong> exclusion of <strong>the</strong> withholding tax element of 10%. Therefore <strong>the</strong><br />
inves<strong>to</strong>r receives double <strong>the</strong> amount invested after payment of withholding tax).<br />
Floating Rate Debentures<br />
2006/2011 - Note 01 Listed Annually 13.07.2006 12.07.2011 – 30,595<br />
2006/2011 - Note 02 Not listed Annually 18.12.2006 17.12.2011 – 1,000<br />
2007/2012 - Note 03 Listed Annually 30.05.2007 29.05.2012 30,235 30,235<br />
2007/2012 - Note 04 Listed Annually 10.12.2007 09.12.2012 10,755 10,755<br />
2007/2012 - Note 05 Listed Quarterly 10.12.2007 09.12.2012 43,335 43,335<br />
2008/2013 - Note 06 Listed Annually 12.01.2009 11.01.2014 120 120<br />
2008/2013 - Note 07 Listed Quarterly 12.01.2009 11.01.2014 3,390 3,390<br />
2010/2015 - Note 08 Not listed Quarterly 07.12.2010 - 29.12.2010 06.12.2015 - 28.12.2015 220,000 220,000<br />
307,835 339,430<br />
Total Debentures 2,651,650 3,996,365