Housing Development Finance Bank of Sri Lanka : Interim financial Statement 31-12-2021

INTERIM FINANCIAL STATEMENTS

FOR THE QUARTER ENDED

31st December 2021

Contents

(1 ) Income Statement

(2 ) Statement of Comprehensive Income

1. Statement of Financial Position
2. Statement of Changes in Equity
3. Statement of Cash Flows
4. Analysis of Financial Instruments by Measurment Basis

1. Analysis of Loans and Advance and Deposits,Interest Comparision

(10) Selected Performance Indicators

HDFC Bank of Sri Lanka

Income Statement

For the Period ended 31-12-2021

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	Quarter ended 31st	Quarter ended 31st	Period ended 31st	Period ended 31st December
Item	December 2021	December 2020	December 2021	2020
	Rs "000"	Rs "000"	Rs "000"	Rs "000"
	Unaudited	Audited	Unaudited	Audited
Interest Income	1,643,212	1,782,789	6,584,384	7,456,679
Interest Expenses	868,817	1,042,781	3,553,794	4,475,281
Net Interest Income	774,395	740,008	3,030,590	2,981,399
Fee and Commission Income	89,241	95,952	342,561	303,221
Less : Fee and Commission Expenses	-	-	-	-
Net fee and Commission Income	89,241	95,952	342,561	303,221
Net gains/(losses) from trading	-	-	-	-
Net fair value gains/(losses) on:	-	-	-	-
financial assets at fair value through profit or loss	-	-	-	-
financial liabilities at fair value through profit or loss	-	-	-	-
Net gains/(losses) on derecognition of financial assets:	-	-	-	-
at fair value through profit or loss		275		(475)
at amortised cost	-	-	-	-
at fair value through other comprehensive income	-	-	-	-
Other Operating Income (net)	49,011	97,008	49,011	97,008
Total Operating Income	912,648	933,243	3,422,162	3,381,153
Impairement Charges	(66,759)	7,267	266,018	326,526
Net Operating Income	979,406	925,976	3,156,145	3,054,627
Personnel Expenses	302,587	294,230	1,325,697	1,174,051
Depreciation and Amortisation	50,030	42,149	158,546	156,638
Other expenses	135,146	91,812	404,821	342,816
Operating Profit/(loss) before VAT on Financial Service	491,644	497,785	1,267,081	1,381,121
Less : VAT On Financial Services	96,451	93,479	321,002	312,686
Operating Profit/(loss) after VAT on Financial Service	395,193	404,306	946,079	1,068,436
Shares of Profit of associates and join ventures	-	-	-	-
Profit/(Loss) before Tax	395,193	404,306	946,079	1,068,436
Income tax expenses	92,142	136,630	301,414	360,299
Profit/(Loss) for the period	303,051	267,675	644,665	708,137
Profit attriibutable to:	-	-	-	-
Equity holders of the parent	303,051	267,675	644,665	708,137
Non- controlling interests	-		-	-
Earning per share on profit
Basic Earnings per Ordinary Share (Rs)	4.68	4.14	9.96	10.94

HDFC Bank of Sri Lanka

Statement of Comprehensive Income

For the Period ended 31-12-2021

	Quarter ended 31st	Quarter ended 31st	Period ended 31st	Period ended 31st December
Item	December 2021	December 2020	December 2021	2020
	Rs "000"	Rs "000"	Rs "000"	Rs "000"
	Unaudited	Audited	Unaudited	Audited
Profit/(Loss) for the period	303,051	267,675	644,665	708,137
				-
Items that will be reclassified to income statement				-
Exchange differences on translation of foreign operations	-	-	-	-
Net gains/(losses) on cash flow hedges	-	-	-	-
Net gains/(losses) on investments in debt instruments	-	-	-	-
measured at fair value through other comprehensive	-	-	-	-
income	-	-	-	-
Share of profits of associates and joint ventures	-	-	-	-
Debt instruments at fair value through other	-	-	-	-
comprehensive income	-	-	-	-
Others (specify)	-	-	-	-
Less: Tax expense relating to items that will be reclassified	-	-	-	-
to income statement	-	-	-	-
				-
	-	-	-	-
Items that will not be reclassfied to income statement
Change in fair value on investments in equity instruments	-	-	-	-
designated at fair value through other comprehensive	-	-	-	-
income	-	-	-	-
Change in fair value attributable to change in the Bank's	-	-	-	-
own credit risk on financial liabilities designated at fair	-	-	-	-
value through profit or loss	-	-	-	-
Re-measurement of post-employment benefit obligations	62,139	(62,814)	62,139	(62,814)
Changes in revaluation surplus	-	-	-	-
Share of profits of associates and joint ventures	-	-	-	-
Others (specify)	-	-	-	-
Less: Tax expense relating to items that will not be	-	17,582	-	17,582
reclassified to income statement				-
	-	-	-	-
	62,139	(45,232)	62,139	(45,232)
Other comprehensive income (OCI) for the period net of tax	62,139	(45,232)	62,139	(45,232)
Total comprehensive income for the period net of tax	365,190	222,443	706,805	662,905
Attributable to
Equity Holders of the Parent	365,190	222,443	706,805	662,905
Non - Controlling Interest	-	-	-	-
	365,190	222,443	706,805	662,905

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HDFC Bank of Sri Lanka
Statement of Financial Position
As at 31st December 2021
Item	31.12.2021	31.12.2020
Rs "000"	Rs "000"
	Unaudited	Audited
Assets
Cash and Cash Equivalants	258,596	305,889
Balance with Central Bank		-
Placements with banks	8,138,685	9,859,833
Financial assests recognized through Profit or Loss
measured at fair value
designated at fair value		-
Financial assets at amortised cost
loans and advances	41,814,501	41,191,989
debt and other instruments	10,570,351	7,546,155
Property, plant and equipment	224,034	223,329
Lease ROUA	387,888	369,642
Investment properties	1,065,000	1,016,500
Goodwill and intangible assets	125,024	127,570
Deferred tax assets	202,341	205,078
Other assets	256,555	183,800
Total Assets	63,042,974	61,029,786
Liabilities
Due to banks	2,103,173	2,408,781
Derivative financial instruments
Financial liabilities at amortised cost
due to depositors	49,813,326	47,947,005
due to other borrowers	1,282,597	1,429,156
Debt securities issued	1,422,978	1,422,976
Lease Liability	384,790	349,437
Retirement benefit obligations	771,616	777,800
Current tax liabilities	341,843	441,773
Deferred tax liabilities		-
Other liabilities	168,760	189,595
Total Liabilities	56,289,084	54,966,523
Capital
AT - 1 Capital
Perpetual Bond	281,250	281,250
Total AT - 1 Capital	281,250	281,250
Equity Capital
Stated capital/Assigned capital	962,093	962,093
Statutory reserve fund	277,242	245,008
OCI reserve	(60,842)	(122,982)
Retain Earnings	4,813,262	4,281,474
Other Reserves	480,885	416,418
Non-controlling Interest	-	-
Total Equity Capital	6,472,640	5,782,013
Total shareholders' equity and AT-1 Capital	6,753,890	6,063,263
Non-controlling interests
Total Liabilities and Equity	63,042,974	61,029,786
	(2.46)	(4.05)
Contingent liabilities and commitments	650,025	380,011
Net Assets value per Ordinary Share (Rs)	100.02	89.35
Memorandum information
Number of employees	614	633
Number of Branches	39	39

Note: Amounts stated are net of impairment and depreciation.