SANASA Development Bank : Audited Financial statements as of 31.12.2021

Interim Financial Statements

For the Year Ended 31st December 2021

SANASA DEVELOPMENT BANK PLC

INCOME STATEMENT

In Rupees Thousands (Rs'000)	Bank
For the Twelve months ended 31st December	Change	For the quarter ended 31st December	Change
2021 Audited	2020 Audited	2021 Audited	2020 Audited
Interest income Interest expenses Net interest income Fee and commission income Fee and commission expenses Net fee and commission income Net gains/(losses) from trading Net fair value gains/(losses) on financial assets at fair value through profit or loss Net other operating income Total operating income Impairment for loans and other losses Net operating income Personnel expenses Depreciation and amortization expenses Other expenses Operating profit/ (loss) before VAT on financial services Value Added Tax (VAT) on financial services Operating profit/(loss) after VAT on financial services Profit/(loss) before tax Income tax expenses Profit/(loss) for the period Profit/(loss) attributable to: Equity holders of the parent Non-controlling interests Earnings per share on profit Basic earnings per ordinary share (Rs.) Diluted earnings per ordinary share (Rs.)	14,792,068 (8,018,419)	15,442,003 (9,314,576)	-4% -14%	3,879,535 (1,987,695)	3,913,691 (2,103,214)	-1% -5%
6,773,649 413,675 (23,327)	6,127,426 390,619 (14,334)	11% 6% 63%	1,891,840 100,975 (15,293)	1,810,476 114,891 (4,384)	4% -12% 249%
390,347 4,144 234,934 32,775	376,285 5,228 268,710 55,227	4% -21% -13% -41%	85,682 1,387 58,525 (15,161)	110,507 (209) 79,297 18,447	-22% -764% -26% -182%
7,435,849 (643,708)	6,832,877 (417,039)	9% 54%	2,022,273 (188,783)	2,018,518 (55,412)	0.19% 241%
6,792,141 (2,542,695) (528,447) (1,848,265)	6,415,838 (2,576,773) (454,569) (1,400,539)	6% -1% 16% 32%	1,833,491 (663,201) (196,406) (579,102)	1,963,105 (865,531) (134,471) (424,190)	-7% -23% 46% 37%
1,872,734 (542,926)	1,983,957 (571,027)	-6% -5%	394,782 (132,164)	538,914 (177,192)	-27% -25%
1,329,808 1,329,808 (446,530)	1,412,930 1,412,930 (576,643)	-6% -6% -23%	262,618 262,618 (129,401)	361,722 361,722 (200,822)	-27% -27% -36%
883,278	836,287	6%	133,218	160,900	-17%
883,278 -	836,287 -	6% -	133,218 -	160,900 -	-17% -
883,278	836,287	6%	133,218	160,900	-17%
7.63 7.63	11.05 11.05	-31% -31%	1.15 1.15	2.13 2.13	-46% -46%
SANASA DEVELOPMENT BANK PLC STATEMENT OF COMPREHENSIVE INCOME
In Rupees Thousands (Rs'000)	Bank
For the Twelve months ended 31st December	Change	For the quarter ended 31st December	Change
2021 Audited	2020 Audited	2021 Audited	2020 Audited
Profit/(loss) for the period Other comprehensive income/(expenses) not to be reclassified to income statement Actuarial gains/(losses)on defined benefit plans Deferred tax relating to defined benefit plans Gains/(Losses) on re-measuring investments in equity instruments designated at fair value through other comprehensive income Other comprehensive income/(expenses) for the period net of taxes Total comprehensive income/(expenses) for the period Total comprehensive income/(expenses) attributable to: Equity holders of the parent Non-controlling interests Total comprehensive income/(expenses) for the period	883,278 34,301 (8,232) -	836,287 (1,855) 519 -	6% -1949% -1685% -	133,218 34,301 (8,232) -	160,900 93,057 (22,259) -	-17% -63% -63% -
26,069	(1,336)	-2052%	26,069	70,797	-63%
909,347	834,952	9%	159,286	231,698	-31%
909,347 -	834,952 -	9% -	159,286 -	231,698 -	-31% -
909,347	834,952	9%	159,286	231,698	-31%

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SANASA DEVELOPMENT BANK PLC STATEMENT OF FINANCIAL POSITION

In Rupees Thousands (Rs'000)	Bank
As at 31.12.2021 (Audited)	As at 31.12.2020 (Audited)	Change
Assets Cash and cash equivalents Placements with banks Financial assets recognized through profit or loss - measured at fair value Financial assets at amortised cost - loans and advances - debt and other instruments Financial assets measured at fair value through other comprehensive income Investment in subsidiary Property, plant and equipment Right of use assets Investment properties Intangible assets Deferred tax assets Other assets Total assets Liabilities Financial liabilities at amortised cost - due to depositors - due to other borrowers Debt securities issued Subordinated debt Retirement benefit obligations Current tax liabilities Other liabilities Total liabilities Equity Stated capital/assigned capital Statutory reserve fund Retained earnings Other reserves Total equity Total equity and liabilities Contingent liabilities and commitments Net asset value per share (Rs.) Memorandum information Number of employees Number of branches	3,117,485 15,108,410 727,787 111,891,256 12,031,302 56,939 6,163 952,104 565,477 19,167 338,933 299,448 2,704,446	9,640,916 2,823,628 4,600,458 102,662,269 5,244,005 56,939 6,163 661,695 689,646 20,223 395,123 231,673 2,026,987	-68% 435% -84% 9% 129% - - 44% -18% -5% -14% 29% 33%
147,818,916	129,059,724	15%
93,902,939 33,569,838 - 3,752,578 571,665 293,250 1,598,949	93,271,727 18,090,500 1,013,899 4,052,630 571,382 274,215 1,869,195	1% 86% -100% -7% 0.05% 7% -14%
133,689,220 11,287,765 314,173 2,500,153 27,605	119,143,548 7,727,941 270,009 1,890,621 27,605	12% 46% 16% 32% -
14,129,697	9,916,176	42%
147,818,916	129,059,724	15%
0 203,139 88 1,433 94	0 194,554 108 1,486 94	4% -19% -4% -

Certification:

We certify that the above Financial Statements are in compliance with the requirements of the Companies Act No. 7 of 2007.

Sgd	Sgd
Champa Perera	Terrance Kumara
Head of Finance	Chief Financial Officer

We, the undersigned, being the Chairman, Director and Acting Chief Executive Officer of the SANASA Development Bank PLC, jointly certify that :-

( a ) the above statements have been prepared in compliance with the format and definitions prescribed by the Central Bank of Sri Lanka: and

( b ) the information contained in these statements have been extracted from the audited special purpose financial statements of the Bank.

Sgd	Sgd	Sgd
Lakshman Abeysekera	Chaaminda Kumarasiri	Niranjan Thangarajah
Chairman	Director	Acting Chief Executive Officer
30 March 2022
Colombo

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