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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352 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 />
Party/Parties<br />
Accommodated<br />
Name of Direc<strong>to</strong>r/<br />
Key Management Personnel<br />
Relationship<br />
Deposit<br />
Nature of<br />
Accommodation<br />
Lanka Orix Leasing<br />
Company PLC<br />
Mr. I.C. Nanayakkara<br />
Deputy Chairman<br />
Rs. Mn.<br />
Demand Deposit 0.077<br />
0.077 Overdraft (Rate of Interest - 13%)<br />
Treasury Loan (Rate of Interest - 13%)<br />
Short-Term Loan (Rate of Interest - 13%)<br />
Lease (Rate of Interest- 19%)<br />
Special Power of At<strong>to</strong>rney/Assignment<br />
over lease receivable for Rs. 745.0 Mn.<br />
over lease portfolio of Rs. 1.49 Bn.<br />
Absolute ownership over mo<strong>to</strong>r vehicles<br />
for Rs. 11.00 Mn. (for <strong>the</strong> outstanding)<br />
No. of non-voting Shares - 28,493,289<br />
No. of Ordinary voting Shares - 88<br />
2010 Comparatives 240.884<br />
Lanka ORIX Finance<br />
Company Limited<br />
Mr. I.C. Nanayakkara<br />
Deputy Chairman Demand Deposit 5.149<br />
5.149<br />
2010 Comparatives –<br />
Sierra Constructions<br />
Limited<br />
Mr. A.L. Devasurendra<br />
Direc<strong>to</strong>r Fixed Deposit 52.849<br />
Mr. I.C. Nanayakkara<br />
Direc<strong>to</strong>r Demand Deposit 8.693<br />
61.542<br />
Overdraft<br />
(Rate of Interest - 13%)<br />
Special power of at<strong>to</strong>rney/Assignment<br />
over lease receivables for Rs. 15.00 Mn.<br />
over lease portfolio of Rs. 30 Mn.<br />
Temporary Overdraft<br />
(Rate of Interest - 29%)<br />
Letter of Credit-sight/Revolving Import<br />
Loan (Rate of Interest - 0.3% per quarter)<br />
Bill Discounting<br />
(Rate of Interest -16.5%)<br />
Guarantee<br />
(Rate of Interest - 1.5%)<br />
2010 Comparatives 37.025<br />
Taprobane<br />
Holdings Limited<br />
Mr. A.L. Devasurendra<br />
Managing Direc<strong>to</strong>r<br />
Demand Deposit 0.107<br />
0.107<br />
Mr. I.C. Nanayakkara - Shareholder<br />
2010 Comparatives 0.161<br />
Ceylon Hotel Holdings<br />
(Pvt) Limited [former<br />
Curlew (Pvt) Limited]<br />
Mr. A.L. Devasurendra<br />
Direc<strong>to</strong>r<br />
Lien over RFDS for Rs. 52.8 Mn. Joint &<br />
Several Guarantee of Direc<strong>to</strong>rs for<br />
Rs. 465.0 Mn. Mortgage over S<strong>to</strong>cks for<br />
Rs. 50.0 Mn. (equipment/not s<strong>to</strong>ck in trade)<br />
Margin Trading (Rate of Interest -15%)<br />
Assignment over Quoted Shares worth<br />
Rs. 411.866 Mn. No. of Ordinary<br />
(Non-voting) Shares 12,666<br />
Temporary Overdraft<br />
(Rate of Interest -13.5%)<br />
Assignment over Ceylon Hotel Corporation<br />
Shares worth of Rs. 345 Mn.
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