Group | Based on SLFRS 9 | Based on LKAS 39 | |||
LKR Mn | Year ended 31 December 2019 | Year ended 31 December 2018 | Year ended 31 December 2017 | Year ended 31 December 2016 | Year ended 31 December 2015 |
Operating Results | |||||
Total income | 43,648 | 39,448 | 35,987 | 26,980 | 17,503 |
Profit before tax | 3,308 | 4,676 | 5,891 | 4,674 | 2,553 |
Tax expense | 1,008 | 1,606 | 1,458 | 1,205 | 912 |
Profit attributable to equity holders of the Bank | 2,214 | 3,011 | 4,362 | 3,415 | 1,592 |
Statement of Financial Position | |||||
Assets | |||||
Cash and short-term funds | 14,326 | 17,331 | 21,390 | 13,824 | 9,870 |
Loans to and receivables from banks and other customers |
281,221 | 262,589 | 224,660 | 198,085 | 164,945 |
Other financial assets | 99,768 | 87,681 | 80,751 | 72,584 | 67,060 |
Investments in associate and joint venture | 2,096 | 1,989 | 1,684 | 1,443 | 1,248 |
Other assets | 9,500 | 7,172 | 5,983 | 5,278 | 3,986 |
Total assets | 406,911 | 376,762 | 334,468 | 291,214 | 247,109 |
Liabilities | |||||
Due to depositors | 247,458 | 241,915 | 192,920 | 140,220 | 110,551 |
Due to other borrowers | 102,910 | 82,589 | 84,578 | 97,276 | 87,381 |
Other liabilities | 7,117 | 6,602 | 7,568 | 6,660 | 5,208 |
Total liabilities | 357,485 | 331,106 | 285,066 | 244,156 | 203,140 |
Equity | |||||
Total equity attributable to equity holders of the Bank | 49,163 | 45,398 | 49,125 | 46,850 | 43,716 |
Non-controlling interests | 263 | 258 | 277 | 260 | 253 |
Total equity and liabilities | 406,911 | 376,762 | 334,468 | 291,266 | 247,109 |
Return on equity, %* | 5.32 | 7.70 | 12.08 | 10.3 | 5.6 |
Return on total assets, %* | 0.59 | 0.88 | 1.47 | 1.4 | 0.8 |
Earnings per share, LKR | 7.62 | 11.36 | 16.45 | 12.88 | 6.01 |
Net asset value per share, LKR | 184.45 | 171.25 | 185.31 | 176.73 | 164.90 |
Capital adequacy | |||||
Core capital ratio | – | – | – | 14.60 | 15.39 |
Total capital ratio | – | – | – | 17.47 | 15.32 |
Common equity Tier I Capital ratio, % (Basel III) | 11.33 | 10.89 | 13.09 | – | – |
Tier I capital ratio, % (Basel III) | 11.33 | 10.89 | 13.09 | – | – |
Total capital ratio, % (Basel III) | 15.78 | 16.17 | 16.53 | – | – |
Launch of DFCC MySpace, a bespoke, digital space for self-banking
20 branches opened islandwide within 30 days, a milestone in the Bank’s history
LKR 34.6 Mn invested in training and development
421 in house training programmes
Over 103,000 hours of training
18% growth in usage of the e-learning platform
Post-training assessments conducted for over 80% of programmes
Launch of DFCC Winner savings account
Revamping of DFCC Virtual Wallet and Corporate Website
Launch of DFCC Personal Loan Delivery
Samata English expanded its reach and carried out programmes in Jaffna, Polonnaruwa, Ampara, and Ratnapura
Sahaya Hamuwa: 18 workshops were conducted during 2019 with a participation of 3,000 entrepreneurs
7,000 trees were planted under the annual tree planting campaign in different locations in Sri Lanka