13-Feb-2012 Interim Financial Statements & Press Release- 31-12-2011

Gaja

Gaja

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ABAN, AHUN, ASHO, BBH, CFIN, CHOU, CIND, DPL, HARI, RPBH, SEYB, SPEN, TANG & VLL
Financial Statements for the period ended 31-12-2011 have been uploaded on the CSE website (www.cse.lk).

HAYL - Financial Statements & Press Release for the period ended 31-12-2011 have been uploaded on the CSE website (www.cse.lk).

Gaja

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http://www.cse.lk/cmt/upload_report_file/501_1329103311707.pdf - Spence

http://www.cse.lk/cmt/upload_report_file/443_1329129930.pdf - Seylan

http://www.cse.lk/cmt/upload_report_file/669_1329130748828.pdf - DPL

http://www.cse.lk/cmt/upload_report_file/521_1329103650061.pdf - AHUN

Gaja

Gaja

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http://www.cse.lk/cmt/upload_report_file/642_1329125176013.pdf - Abans

http://www.cse.lk/cmt/upload_report_file/695_1329132456356.pdf - Asho

http://www.cse.lk/cmt/upload_report_file/366_1329132575006.CF-December%202011.pdf - CFIN

cseguide

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Thanks Gaja. adding of links, really helpful

greedy

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Further to my reply above....

When you make loan loss provisions on loans, the provisions are made on net exposure

Net Exposure = Loans Outstanding - Forced Sale Value (FSV) of Properties given as Mortgage.

However, a bank cannot take 100% of the Forced Sale Value of properties in calculating Net Exposure. FSV value needs to be discounted as per CBSL guidelines. As per Guidelines the values to be taken in calculating Net exposure are....

At the first time of Provisioning 75% of the Freehold Property
If Loan is Outstanding Less than 12 months 75%
More than 12 but less than 24 months 60%
More than 24 but less than 36 months 50%
More than 36 but less than 48 months 40%

More than 48 months ...... Property should be reviewed on a regular basis, and discounted further at the discretion of the bank’s management.

rijayasooriya

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Thread has been spilited and splited part removed to expert chamber.

http://forum.srilankaequity.com/t15865-massive-profit-in-seylan-bank-financial-statement#103844

sriranga

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Central Finance 9-month group profit tops Rs. 2 billion
March 3, 2012, 5:12 pm

Central Finance Company PLC had earned a group net profit of Rs.2.1 billion during the nine months ended December 31, 2011 and Rs.1.7 billion at company level for the same period with the group profit up 66.85% from a year earlier and the company profit up 74.11%.

The company has reported in an interim financial report for the nine months ended December 31, 2011 that an investment fund account had been established in accordance with the requirements of the Inland Revenue Act and Central Bank guidelines and a sum of Rs.128.2 million had been appropriated out of profits as at December 31, 2011 for this fund.

Rs.81.7 million of the appropriation has been invested in seven-year Treasury Bonds at an interest rate of 8.5% and Rs.9.5 million disbursed on factory modernization at an interest rate of 10.6%. The balance has been invested in 90-day Treasury Bills at an interest rate ranging from 7.6% to 8.25% pending disbursement in approved lines of credit/investment.

The Central Finance group boosted revenue during the nine months under review by 12.91% to Rs.6.85 billion while the company increased its revenue for the same period by 14% to Rs.6.4 billion.

Group loan loss provisions for the period at Rs.78.6 million was down 34.56% from a year earlier while the figure for the company was Rs.79.3 million, down 33.65% from the comparative period the previous year.

The group’s profit share from associates was down 11.2% to Rs.353.9 million for the nine months while it benefited from reduced VAT on financial services which was down 38.1% to Rs.137.4 million from Rs.221.9 million a year earlier.

Group income tax was down 27.5% for the nine months to Rs.819.1 million while the company’s was down 18.22% to Rs.679.6 million.

Central Finance has a stated capital of Rs.568.4 million, capital reserves of Rs.1.38 billion, a reserve fund of Rs.682 million, investment fund of Rs.128.2 million and revenue reserves of Rs.9.9 billion in its books.

Total assets ran at Rs.49.48 billion and total liabilities at Rs.36.2 billion.

Nearly Rs.5.4 billion of Central Finance revenue for the period had come from leasing, hire purchase and other advances.

In September 2011, the company sub-divided each existing share into five increasing the number of shares in issue to 104.9 million from 20.3 million a year earlier.

The share traded at a high of Rs.268.90 and a low of Rs.197.30 during the December quarter against a trading range of Rs.914 to Rs.700 a year earlier.

Mr. J.D. Bandaranayake became chairman of the company from the beginning of this year, succeeding Mr. S.V. Wanigasekera who retired.
http://island.lk/index.php?page_cat=article-details&page=article-details&code_title=46618

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13-Feb-2012 Interim Financial Statements & Press Release- 31-12-2011

1 13-Feb-2012 Interim Financial Statements & Press Release- 31-12-2011 Mon Feb 13, 2012 5:35 pm

Gaja

2 Re: 13-Feb-2012 Interim Financial Statements & Press Release- 31-12-2011 Mon Feb 13, 2012 5:42 pm

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3 Re: 13-Feb-2012 Interim Financial Statements & Press Release- 31-12-2011 Mon Feb 13, 2012 5:48 pm

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4 Re: 13-Feb-2012 Interim Financial Statements & Press Release- 31-12-2011 Mon Feb 13, 2012 6:03 pm

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5 Re: 13-Feb-2012 Interim Financial Statements & Press Release- 31-12-2011 Mon Feb 13, 2012 6:55 pm

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6 Re: 13-Feb-2012 Interim Financial Statements & Press Release- 31-12-2011 Mon Feb 13, 2012 7:00 pm

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7 Central Finance 9-month group profit tops Rs. 2 billion Sat Mar 03, 2012 8:01 pm

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8 Re: 13-Feb-2012 Interim Financial Statements & Press Release- 31-12-2011

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