Amãna Bank: Financial Statements - 30 June 2019

Transcription

1. AM ÃNA BANK PLC (PB 3618 PQ) FINANCIAL STATEMENTS 30 JUNE 2019
2. AM ÃNA BANK PLC (PB 3618 PQ) STATEMENT OF PROFIT OR LOSS FOR THE PERIOD ENDED 30 JUNE 2019 RUPEES IN THOUSANDS FOR THE SIX MONTHS ENDED 30 JUNE Financing Income Financing Expenses Net Financing Income Net Fee and Commission Income Change % 2019 2018 3,838,147 (2,148,296) 1,689,851 3,208,518 (1,623,681) 1,584,837 150,603 RUPEES IN THOUSANDS FOR THE QUARTER ENDED 30 JUNE 147,767 20 32 7 2 Change % 2019 2018 1,946,313 (1,114,672) 831,641 1,639,493 (845,965) 793,528 74,297 19 32 5 76,005 (2) Net Trading Income Net Gains / (Losses) from Financial Investments at Fair Value Through Profit or Loss Net Gains / (Losses) from Derecognition of Financial Assets Net Other Operating Income Total Operating Income 343,574 (238) (69) 5,659 2,189,380 161,238 4,853 1,898,695 113 0 0 17 15 237,181 7,496 (62) 3,868 1,154,421 63,506 3,612 936,651 273 0 0 7 23 Impairment Revesal / (Charge)for Financing and Receivables to Other Customers and Other Losses Impairment Charges Individual Impairment Collective Impairment Others Net Operating Income (177,418) 2,011,962 (30,448) (152,379) 1,715,868 0 (100) (100) 0 17 (94,531) 1,059,890 (36,079) (42,644) 857,928 0 (100) (100) 0 24 Personnel Expenses Depreciation of Property, Plant and Equipment Other Operating Expenses Total Operating Expenses 684,196 88,686 515,246 1,288,128 602,101 88,876 404,085 1,095,062 14 (0) 28 18 341,480 45,945 264,033 651,458 302,979 43,128 214,046 560,153 13 7 23 16 17 41 3 10 0 408,432 (176,673) 231,759 (69,528) 162,231 297,775 (123,497) 174,278 (48,798) 125,481 37 43 33 42 29 723,834 (311,258) 412,576 (123,773) 288,803 Operating Profit Before Value Added Tax, Nation Building Tax & Debt Repayment Levy Value Added Tax on Financial Services, Nation Building Tax & Debt Repayment Levy Profit Before Tax Tax Expenses Profit for the Period Earnings Per Share - Basic / Diluted - (in LKR) 0.12 -1- 620,805 (220,406) 400,399 (112,112) 288,288 0.12 0 0.06 0.05 20
3. AM ÃNA BANK PLC (PB 3618 PQ) STATEMENT OF COMPREHENSIVE INCOME FOR THE PERIOD ENDED 30 JUNE 2019 RUPEES IN THOUSANDS FOR THE SIX MONTHS ENDED 30 JUNE 2019 Profit for the Period Change % 2018 288,803 RUPEES IN THOUSANDS FOR THE QUARTER ENDED 30 JUNE 288,288 0 2019 Change % 2018 162,231 125,481 29 Other Comprehensive Income/(Loss) Other Comprehensive Income to be Reclassified to Profit or Loss in Subsequent Periods: Financial Investments - Available for Sale: Net Gain/(Loss) on Financial Investments - Available for Sale Reclassification to Profit or Loss as Impairment Net Other Comprehensive Income to be Reclassified to Profit or Loss in Subsequent Periods: - - 0 0 - 27,009 - (100) 0 - - 0 - 27,009 0 Net Gain / (Loss) on Financial Investments - Fair Value through Other Comprehensive Income (43,215) (43,215) - 0 0 (8,103) (8,103) - 0 0 Net Comprehensive Income not to be Reclassified to Profit or Loss in Subsequent Periods: (43,215) - 0 (8,103) - 0 Other Comprehensive Income / (Loss) for the Period Net of Tax (43,215) - 0 (8,103) 27,009 (130) Total Comprehensive Income for the Period 245,588 152,490 1 Other Comprehensive Income not to be Reclassified to Profit or Loss in Subsequent Periods: Financial Investments - Fair Value through Other Comprehensive Income: -2- 288,288 (15) 154,128
4. AM ÃNA BANK PLC (PB 3618 PQ) STATEMENT OF FINANCIAL POSITION AS AT 30 JUNE 2019 RUPEES IN THOUSANDS AS AT 30.06.2019 AS AT 31.12.2018 (AUDITED) Change % Assets Cash and Cash Equivalents Balances with Central Bank of Sri Lanka Placements with Banks Placements with Licensed Finance Companies Derivative Financial Assets Financial Assets Designated at Fair Value through Profit or Loss Financial Assets at Amortised Cost - Financing and Receivables to Other Customers Financial Assets Measured at Fair Value through Other Comprehensive Income Other Assets - Financial Property, Plant and Equipment Intangible Assets Other Assets - Non Financial Total Assets 8,024,688 3,921,246 9,181,619 751,694 408,435 114,550 56,489,210 143,441 765,522 1,866,311 242,101 673,659 82,582,476 5,338,091 3,543,445 9,264,699 2,427,970 445,733 113,249 52,853,663 186,655 585,705 1,890,194 238,311 382,052 77,269,767 50 11 (1) (69) (8) 1 7 (23) 31 (1) 2 76 7 Liabilities Due to Banks Derivative Financial Liabilities Financial Liabilities at Amortised Cost - Due to Depositors Other Liabilities - Financial Current tax liabilities Dividend Payable Deferred Tax Liability Retirement Benefit Liability Other Liabilities - Non Financial Total Liabilities 220,434 69,035,143 479,440 484,293 2,939 221,537 135,684 123,315 70,702,785 1,210,205 1,441,006 61,722,683 480,627 330,607 3,562 221,537 127,517 97,920 65,635,664 (100) (85) 12 (0) 46 (17) 0 6 26 8 Shareholders' Funds Stated Capital Statutory Reserve Fund Revaluation Reserves Other Reserves Retained Earnings Total Equity 10,619,450 70,226 819,632 (103,670) 474,053 11,879,691 10,619,450 70,226 819,632 (60,455) 185,250 11,634,103 0 0 0 71 156 2 Total Liabilities and Shareholders' Funds 82,582,476 77,269,767 7 Net Asset Value per Ordinary Share 4.75 Commitments and Contingencies 52,793,870 Memorandum Information Number of Employees Number of Branches 945 30 4.52 46,175,982 911 29 CERTIFICATION: I certify that these Financial Statements comply with the requirements of the Companies Act No.07 of 2007. Sgd. M. Ali Wahid Chief Financial Officer 8 August 2019 We, the undersigned, being the Chief Executive Officer, Chairman and Director of Amana Bank PLC certify jointly that:(a) the above statements have been prepared in compliance with the format and definitions prescribed by the Central Bank of Sri Lanka and Rule 7.4 of (a) Colombo Stock Exchange. (b) the information contained in these statements have been extracted from the unaudited Financial Statements of the Bank unless indicated as audited. Sgd. Mohamed Azmeer Chief Executive Officer 8 August 2019 Sgd. Osman Kassim Chairman 8 August 2019 -3- Sgd. Jazri Magdon Ismail Director 8 August 2019
5. AM ÃNA BANK PLC (PB 3618 PQ) STATEMENT OF CHANGES IN EQUITY FOR THE PERIOD ENDED 30 JUNE 2019 RUPEES IN THOUSANDS Stated Capital Statutory Reserve Fund Revaluation Reserve Rs. Rs. Rs. As at 1 January 2018 Impact of Adopting SLFRS 9 Restated Opening Balance under SLFRS 9 10,619,450 42,404 - - 10,619,450 42,404 Other Reserves Available for Sale Rs. 820,718 Rs. 820,718 (140,738) (13) (39,654) (28,044) (180,392) 288,288 - - - Total Comprehensive Income for the six months ended 30.06.2018 - - - - 42,404 Rs. (28,031) - 10,619,450 Total Reserve / OCI Reserve Profit for the six months ended 30.06.2018 As at 30 June 2018 Retained Earnings 820,718 - 11,313,803 (39,667) 11,274,136 288,288 - (28,044) 107,896 11,562,424 Profit for the six months ended 31.12.2018 - - - - 268,159 268,159 Total Comprehensive Income for the six months ended 31.12.2018 - - - (32,411) 11,028 (21,383) Interim Dividend 2018 - - - - (175,097) (175,097) Transfers to Statutory Reserve Fund - 27,822 - - (27,822) - Transferred to Retained Earnings - - (1,086) - 1,086 - As at 31 December 2018 (Audited) 10,619,450 70,226 819,632 (60,455) 185,249 11,634,103 288,804 288,804 Profit for the six months ended 30.06.2019 - - - - Total Comprehensive Income for the six months ended 30.06.2019 - - - (43,215) As at 30 June 2019 10,619,450 70,226 -4- 819,632 (103,670) - 474,053 (43,215) 11,879,691
6. AM ÃNA BANK PLC (PB 3618 PQ) STATEMENT OF CASHFLOW FOR THE PERIOD ENDED 30 JUNE 2019 RUPEES IN THOUSANDS 2019 2018 Cash Flow from Operating Activities Financing Income Received Fees and Commission Received Financing Expenses Paid Foreign Exchange Income Received Gratuity Payments Made Payments to Employees and Suppliers Operating Profit/(Loss) before Changes in Operating Assets and Liabilities 3,564,136 145,183 (2,101,889) 348,926 (8,761) (1,471,253) 476,342 2,897,674 147,592 (1,712,119) 177,712 (8,268) (1,188,514) 314,077 (Increase) / Decrease in Operating Assets Financing and Receivable to Other Customers Other Financial Assets Other Non Financial Assets Statutory Deposit (3,614,998) (142,519) (181,068) (377,801) (3,882,484) (36,309) (158,564) 1,202,357 Increase / (Decrease) in Operating Liabilities Due to Other Customers Due to Banks 7,260,259 (1,204,411) 4,606,855 910,225 Other Liabilities (1,196,365) Net Cash Flow from Operating Activities before Income Tax 1,019,439 (120,346) 2,835,812 Income Tax Paid (80,626) Net Cash Flows From / (Used In) Operating Activities 938,813 2,835,812 (37,876) 12 (30,724) 1,676,582 136,299 (31,098) (108) (2,414,351) (103,966) Cash Flows From/(Used In) Investing Activities Acquisition of Property, Plant & Equipment Proceeds from Sale of Property, Plant and Equipment Acquisition of Intangible Assets Investments in Placements with Banks Investments in Placements with Licensed Finance Companies Financial Assets Recognised through Profit or Loss - Measured at Fair Value Financial Assets Held for Trading Financial Assets Measured at Fair Value through Other Comprehensive Income Dividend Received from Financial Assets Net Cash Flows From / (Used In) Investing Activities (1,540) 5,655 1,748,408 Cash Flows From / (Used In) Financing Activities Rights Issue of Shares Share Issue Expenses - 12,717 4,854 (2,531,952) - - Dividend Paid (623) - Net Cash Flows From / (Used In) Financing Activities (623) - Net Increase / (Decrease) in Cash and Cash Equivalents 2,686,598 303,860 Cash and Cash Equivalents at the Beginning of the Year Cash and Cash Equivalents at the End of the Year - Gross of Allowance for Impairment Losses 5,339,450 8,026,048 5,859,767 6,163,627 CASH AND CASH EQUIVALENTS FOR THE PERIOD ENDED 30 JUNE 2019 2018 Cash in Hand 1,472,569 1,622,315 Balances with Banks 6,553,478 4,541,312 8,026,048 6,163,627 (1,359) 8,024,688 N/A 6,163,627 Less: Allowance for Impairment Losses Total -5-
7. AM ÃNA BANK PLC (PB 3618 PQ) NOTES TO THE FINANCIAL STATEMENTS 01. ANALYSIS OF FINANCIAL INSTRUMENTS BY MEASUREMENT BASIS Financial instruments are measured on an ongoing basis either at fair value or at amortised cost. The summary of significant accounting policies describes how the classes of financial instruments are measured, and how income and expenses, including fair value gains and losses, are recognised. The following table analyses the carrying amounts of the financial instruments by category as defined in SLFRS 9 and by headings of the Statement of Financial Position. FAIR VALUE THROUGH PROFIT OR LOSS FINANCIAL ASSETS Cash and Cash Equivalents Balance with Central Bank of Sri Lanka Placements with Banks Placements with Licensed Finance Companies Derivative Financial Assets Financial Assets recognised through Profit or Loss - Measured at Fair Value Financial Assets at Amortised Cost - Financing and Receivables to Other Customers Financial Assets measured at Fair Value through Other Comprehensive Income Other Assets - Financial Total Financial Assets Financial Liabilities Due to Banks Derivative Financial Liabilities Financial Liabilities at Amortised Cost - Due to Depositors Other Liabilities - Financial Total Financial Liabilities 408,435 114,550 522,985 8,024,688 3,921,246 9,181,619 751,694 56,489,210 765,522 79,133,980 220,434 220,434 69,035,143 479,440 69,514,583 FAIR VALUE THROUGH PROFIT OR LOSS FINANCIAL ASSETS Cash and Cash Equivalents Balance with Central Bank of Sri Lanka Placements with Banks Placements with Licensed Finance Companies Derivative Financial Assets Financial Assets recognised through Profit or Loss - Measured at Fair Value Financial Assets at Amortised Cost - Financing and Receivables to Other Customers Financial Assets measured at Fair Value through Other Comprehensive Income Other Assets - Financial Total Financial Assets Financial Liabilities Due to Banks Derivative Financial Liabilities Financial Liabilities at Amortised Cost - Due to Depositors Other Liabilities - Financial Total Financial Liabilities AMORTIZED COST RUPEES IN THOUSANDS FAIR VALUE TOTAL THROUGH OTHER AS AT 30.06.2019 COMPREHENSIVE INCOME 143,441 143,441 - 8,024,688 3,921,246 9,181,619 751,694 408,435 114,550 56,489,210 143,441 765,522 79,800,405 220,434 69,035,143 479,440 69,735,017 RUPEES IN THOUSANDS TOTAL AMORTIZED COST 445,733 113,249 558,982 5,338,091 3,543,445 9,264,699 2,427,970 52,853,663 585,705 74,013,573 1,441,006 1,441,006 1,210,205 61,722,683 480,627 63,413,515 FAIR VALUE THROUGH OTHER COMPREHENSIVE INCOME 186,655 186,655 - AS AT 31.12.2018 (AUDITED) 5,338,091 3,543,445 9,264,699 2,427,970 445,733 113,249 52,853,663 186,655 585,705 74,759,211 1,210,205 1,441,006 61,722,683 480,627 64,854,520 02. FINANCING AND RECEIVABLES TO OTHER CUSTOMERS ANALYSIS OF FINANCING AND RECEIVABLES TO OTHER CUSTOMERS RUPEES IN THOUSANDS 30.06.2019 Gross Financing and Receivables to Other Customers Less: Accumulated Impairment Less: Stage 1 Less: Stage 2 Less: Stage 3 Net Financing and Receivables -6- 31.12.2018 (AUDITED) 57,719,232 53,906,267 (396,845) (312,170) (521,006) 56,489,210 (254,293) (299,784) (498,527) 52,853,663
8. AM ÃNA BANK PLC (PB 3618 PQ) NOTES TO THE FINANCIAL STATEMENTS ANALYSIS OF FINANCING AND RECEIVABLES TO OTHER CUSTOMERS - (Contd…) 03. FINANCING AND RECEIVABLES TO OTHER CUSTOMERS - BY PRODUCT RUPEES IN THOUSANDS 30.06.2019 By Product - Domestic Currency Overdraft Trade Finance Lease Receivables Term Financing Gold Facilities Others Sub Total By Product - Foreign Currency Overdraft Term Financing Trade Finance Others Sub Total Total 5,327,708 1,841,181 6,194,477 34,661,463 2,992,341 1,387,632 52,404,802 31.12.2018 (AUDITED) 4,782,505 2,765,920 6,430,002 31,394,943 2,402,268 1,202,499 48,978,137 8,238 5,199,425 24,896 81,871 5,314,429 57,719,232 72,129 4,627,052 77,516 151,433 4,928,130 53,906,267 04. MOVEMENTS IN INDIVIDUAL AND COLLECTIVE IMPAIRMENT DURING THE PERIOD FOR FINANCING AND RECEIVABLES TO OTHER CUSTOMERS A reconciliation of the allowance for impairment losses for Financing and Receivables to Other Customers, under SLFRS 9 as at 30.06.2019 is as follows: ECL allowance as at 1 January 2019 Charge/(Write Back) for the year Amounts written off As at 30 June 2019 STAGE 1 STAGE 2 254,293 142,553 396,845 299,784 12,387 312,170 RUPEES IN THOUSANDS TOTAL STAGE 3 IMPAIRMENT 498,527 22,479 521,006 1,052,603 177,418 1,230,021 06. COMMITMENTS AND CONTINGENCIES - BY PRODUCT RUPEES IN THOUSANDS 30.06.2019 31.12.2018 (AUDITED) Commitments on Direct Advances and Indirect Advances: Commitments for unutilised facilities 5,779,100 4,718,606 Contingent Liabilities: Letters of Credit Guarantees, Bonds Outward Clearing Cheques Acceptances Bills for Collection & Other 1,420,841 2,442,506 343,595 1,302,001 7,739,438 1,423,108 2,611,403 452,764 1,487,056 1,433,435 22,120,595 11,649,000 52,797,076 (3,206) 52,793,870 20,560,590 13,491,569 46,178,531 (2,549) 46,175,982 Promissory Forward Foreign Exchange Transactions Promissory Forward sales Promissory Forward purchases Gross Commitments and Contingencies Impairment for Expected Credit Losses Net Commitments and Contingencies 07. DUE TO OTHER CUSTOMERS - BY PRODUCT ANALYSIS OF DEPOSITS By Product - Domestic Currency Demand Deposits Savings Deposits Time Deposits Other Deposits Sub Total RUPEES IN THOUSANDS 30.06.2019 31.12.2018 (AUDITED) 3,683,533 3,072,131 24,137,258 19,936,735 33,938,644 30,473,616 11,096 180,471 61,770,531 53,662,953 By Product - Foreign Currency Demand Deposits Savings Deposits Time Deposits Other Deposits Sub Total Total 117,246 1,487,285 5,659,967 114 7,264,612 69,035,143 -7- 213,574 1,820,921 6,012,863 12,372 8,059,730 61,722,683
9. AM ÃNA BANK PLC (PB 3618 PQ) NOTES TO THE FINANCIAL STATEMENTS 08. SELECTED PERFORMANCE INDICATORS AS AT 30.06.2019 BASEL III AS AT 31.12.2018 BASEL III (AUDITED) Regulatory Capital (LKR '000) Common Equity Tier 1 Tier 1 Capital Total Capital 10,791,089 10,513,248 11,348,823 10,844,221 10,527,283 11,347,154 Regulatory Capital Ratios (%) Common Equity Tier 1 Capital Ratio (Minimum Requirement : 2019 - 7.00% / 2018 - 6.375%) Tier 1 Capital Ratio (Minimum Requirement : 2019 - 8.50% / 2018 - 7.875%) Total Capital Ratio (Minimum Requirement : 2019 - 12.50% - 2018 - 11.875%) 15.8% 15.8% 17.1% 17.6% 17.6% 19.0% AS AT 30.06.2019 AS AT 31.12.2018 (AUDITED) Assets Quality (Quality of Financing and Advance Portfolio) Gross Non-Performing Financing and Advances Ratio, % (Net of Profit in Suspense) Net Non-Performing Financing and Advances Ratio, % (Net of Profit in Suspense and Provisions) 3.58% 1.45% 2.82% 0.87% 4.3% 0.7% 4.8% 4.4% 0.7% 4.6% 18,210 2,796 14,348 2,885 Profitability Financing Margin (%) Return on Assets (After Tax) Return on Equity Regulatory Liquidity Statutory Liquid Assets - Domestic Banking Unit, Rs. (LKR in Millions) - Foreign Currency Banking Unit, USD ‘000 Statutory Liquid Assets Ratio % (Minimum Requirement : 20%) - Domestic Banking Unit - Off-Shore Banking Unit 26.2% 31.6% 23.0% 35.1% Total Stock of High Quality Liquid Assets (LKR in Millions) 3,022 2,690 Leverage Ratio (Minimum Requirement : 3%) 9.7% N/A Liquidity Coverage Ratio (%) (Minimum Requirement : 2019 - 100% / 2018 - 90%) - Rupee (%) - All Currency (%) 120.8% 106.6% 141.8% 117.5% Net Stable Funding Ratio (%) (Minimum Requirment : 90%) 181.4% N/A -8-
10. AM ÃNA BANK PLC (PB 3618 PQ) NOTES TO THE FINANCIAL STATEMENTS 09. SEGMENT INFORMATION The following table presents information on total income, profit, total assets and liabilities regarding the Bank’s operating segments. RUPEES IN THOUSANDS FOR THE PERIOD ENDED 30 JUNE 2019 Income Financing Income Net Fee and Commission Income Net Trading Gain Net Gains / (Losses) from Financial Investments at Fair Value Through Profit or Loss Net Gains / (Losses) from Derecognition of Financial Assets Other Operating Income Total Income CONSUMER BANKING BUSINESS BANKING 1,064,289 69,116 - 2,500,720 77,174 - - - 1,133,405 2,577,894 Less Financing Expenses Impairment On Financial Assets Operating Expenses Operating Profit Before VAT on Financial Services & Nation Building Tax Value Added Tax on Financial Services & Nation Building Tax Profit Before Tax Tax Expenses Profit After Tax Total Assets Total Liabilities FOR THE PERIOD ENDED 30 JUNE 2018 Income Financing Income Net Fee and Commission Income Net Trading Gain Other Operating Income Total Income TOTAL BANKING 3,565,009 146,290 - - TREASURY 252,578 3,628 343,574 (238) UNALLOCATED / ELIMINATION 20,561 685 - - TOTAL 3,838,147 150,603 343,574 (238) 3,711,299 (69) 5,659 605,132 21,246 (69) 5,659 4,337,676 (2,134,521) (177,418) (952,752) 446,607 (13,775) (255,481) 335,876 (79,894) (58,648) (2,148,296) (177,418) (1,288,127) 723,835 (311,258) 412,576 (123,773) 288,804 15,023,131 41,466,079 56,489,210 20,253,521 5,839,745 82,582,476 5,212,931 63,822,211 69,035,143 4,378 1,663,264 70,702,785 CONSUMER BANKING BUSINESS BANKING 801,773 63,430 865,203 2,019,900 63,804 2,083,704 Less Financing Expenses Impairment On Financial Assets Operating Expenses Operating Profit Before VAT on Financial Services & Nation Building Tax Value Added Tax on Financial Services & Nation Building Tax Profit Before Tax Tax Expenses Profit After Tax TOTAL BANKING TREASURY RUPEES IN THOUSANDS UNALLOCATED TOTAL / ELIMINATION 2,821,673 127,234 2,948,907 365,671 161,238 4,853 531,762 21,174 20,533 41,707 3,208,518 147,767 161,238 4,853 3,522,376 (1,620,244) (182,827) (828,704) 317,132 (3,437) (257,812) 270,513 (8,546) 33,161 (1,623,681) (182,827) (1,095,062) 620,806 (220,406) 400,400 (112,112) 288,288 Total Assets 12,696,371 34,155,731 46,852,102 17,138,973 5,264,582 69,255,657 Total Liabilities 52,562,033 2,877,639 55,439,672 915,522 1,298,372 57,653,566 -9-
11. AM ÃNA BANK PLC (PB 3618 PQ) EXPLANATORY NOTES 1. These Interim Financial Statements have been prepared in accordance with LKAS 34 - Interim Financial Reporting and present information required by Listing Rules of Colombo Stock Exchange. 2. The Interim Condensed Financial Statements do not include all the information and disclosure required in the Annual Financial Statements, and should be read in conjunction with Annual Financial Statements as at 31 December 2018. 3. The accounting policies adopted in the presentation of these Interim Financial Statements are consistent with those followed in the preparation of the Bank's Annual Financial Statements for the year ended 31 December 2018, except for the Accounting Policies and methods of computation adopted to be in compliant with the requirements of the Sri Lanka Accounting Standard SLFRS - 16 on Leases, which became effective for Annual Financial periods from 1 January 2019. 4. The Bank prepared its interim Financial Statements for the period ended 30 June 2018, based on LKAS 39 (as the bank used the relief provided by CA Sri Lanka for interim periods). The entire impact of adopting SLFRS 9 was recorded in the last quarter of 2018. The Financial Statements for the period ended 30 June 2019 have been prepared in accordance with SLFRS 9 and the Financial Statements for the corresponding previous period have not been restated. 5. There are no material events that took place after the Statement of Financial Position date which require adjustment to or disclosures in the Financial Statements. 6. Comparative figures have been restated wherever necessary to conform to the current periods presentation. 7. There has not been a significant change in the nature of the contingent liabilities as disclosed in the Annual Report of 2018. 8. Market Price of Ordinary Shares Market Price as at 30 June Highest Market Price during the quarter ended 30 June Lowest Market Price during the quarter ended 30 June 2019 Rs. 2018 Rs. 2.30 3.00 2.00 3.40 3.60 3.20 No. of Shares 591,578,861 249,888,800 205,691,690 180,562,011 180,562,010 158,061,757 157,744,249 94,220,411 70,140,503 57,631,157 52,554,117 50,511,902 37,384,600 30,000,000 27,426,100 26,270,421 22,225,122 19,899,727 17,678,178 14,284,200 2,244,315,816 257,074,718 2,501,390,534 % 23.65 9.99 8.22 7.22 7.22 6.32 6.31 3.77 2.80 2.30 2.10 2.02 1.49 1.20 1.10 1.05 0.89 0.80 0.71 0.57 89.73 10.27 100.00 9. Twenty Largest Shareholders as at 30 June 2019 No 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Name of Shareholder IB Growth Fund (Labuan) LLP (Part of Islamic Development Bank Group) Mr Hossain Ahmed Ismail Mr. Mohamed Haji Omar Bank Islam Malaysia Berhad AB Bank Limited Islamic Development Bank Akbar Brothers (Pvt)Ltd Mr. Farook Kassim Millenium Capital Investment Pte. Limited Mr. Osman Kassim jointly with Mrs. K. Kassim Mr. Shafik Kassim Mr. Sattar Kassim Mr. Nagi Saleh Mohammed Al Faqih Mr. Sathiyamurthy Chandramohan Almas Organisation (Pvt) Ltd Mr. Abdul Majeed Mohamedu Risvi Mr. Riyaz Mohamed Sangani Trans Asia Trading Company Al Bogari IGL DMCC Mr. Ahamed Mihilar Mohamed Fazul Jiffry Sub total Other Shareholders (Number of Shareholders 6,832) Total Percentage of Public Holding as at 30 June 2019 43.28% Number of Shareholders 6,822 Float adjusted market capitalisation 2,489,860,510 Required minimum public holding percentage under option 5 of rule 7.13.1 (a) of the Listing Rules of Colombo Stock Exchange 20% 10. Directors' holding in shares as at 30 June 2019 Name of Director Mr. Osman Kassim Mr. Tyeab Akbarally Mr. M. J. M. Ismail Mr. Harsha Amarasekera PC Mr. Rajiv Dvivedi Mr. Dilshan Hettiaratchi Mr. Aaron Russell-Davison Mr. M. Ataur Rahman Chowdhury Mr. S. M. Azim Raza Mr. K. M. P. Bin Abdullah Mr. Huzefa Akbarally (Alternate Director to Mr. Tyeab Akbarally) Mr. M. Faizel Haddad (Alternate Director to Mr. Osman Kassim) Mr. Mohamed Azmeer (Chief Executive Officer) No. of Shares 57,541,157 52 127,000 1 40,000 500,000 -10-