Sampath Bank Annual Report 2023-24

Statement of Financial Position in US$

	Bank		Group
As at 31st December	2024	2023	2024	2023
	US$ 000	US$ 000	US$ 000	US$ 000
ASSETS
Cash & cash equivalents	157,645	244,667	158,572	245,464
Balances with Central Bank of Sri Lanka	55,836	44,642	55,836	44,642
Placements with banks	90,204	104,140	90,204	104,140
Reverse repurchase agreements	3,411	-	22,493	464
Derivative financial instruments	1,729	1,814	1,729	1,814
Financial assets recognised through profit or loss - measured at fair value	15,735	14,643	15,735	14,942
Financial assets at amortised cost
- loans & advances	2,933,168	2,334,678	3,075,705	2,430,110
- debt & other instruments	1,368,391	1,136,111	1,383,175	1,154,012
Financial assets - fair value through other comprehensive income	1,254,160	666,735	1,254,161	666,736
Investment in subsidiaries	14,291	12,687	-	-
Property, plant & equipment	37,016	29,701	75,064	61,607
Intangible assets	3,031	2,301	3,068	2,366
Right-of-use assets	26,804	11,128	18,715	9,730
Deferred tax assets	37,287	53,370	38,116	54,066
Other assets	64,177	102,484	71,691	109,216
Total Assets	6,062,885	4,759,101	6,264,264	4,899,309

LIABILITIES
Due to banks	79,317	35,870	102,533	53,533
Derivative financial instruments	10,914	4,626	10,914	4,626
Securities sold under repurchase agreements	137,469	107,062	137,469	106,291
Financial liabilities at amortised cost
- due to depositors	4,964,585	3,869,267	5,071,265	3,939,972
- due to other borrowers	27,490	20,485	27,490	20,485
- due to debt securities holders	64,421	82,438	84,371	93,787
Retirement benefit obligation	19,777	9,785	20,528	10,355
Dividend payable	1,019	656	1,019	656
Current tax liabilities	49,523	50,064	52,216	51,508
Deferred tax liabilities	-	-	4,996	4,522
Other liabilities	140,466	122,449	144,875	126,443
Total Liabilities	5,494,981	4,302,702	5,657,676	4,412,178

EQUITY
Stated capital	166,210	150,436	166,210	150,436
Reserves
Statutory reserves
Statutory reserve fund	27,229	20,417	28,501	21,386
Special reserve	5,662	-	5,662	-
Other reserves	322,232	252,934	334,160	263,730
Retained earnings	46,571	32,612	72,056	51,579
Total equity attributable to equity holders of the Bank	567,904	456,399	606,589	487,131
Non-controlling interest			-	-
Total Equity	567,904	456,399	606,589	487,131

Total Liabilities & Equity	6,062,885	4,759,101	6,264,264	4,899,309

Commitments & contingencies	1,786,340	1,485,596	1,777,673	1,480,850
Net asset value per share (US$)	0.48	0.39	0.52	0.42

Exchange rate of US$ was Rs 293.25 as at 31st December 2024 (Rs 324.00 as at 31st December 2023).