Interest income 2,384,758 2,148,087 Interest expenses 580, ,907 Net interest income 1,804,601 1,696,180

Transcription

1 INCOME STATEMENT 01/01/13 to 31/12/13 01/01/12 to 31/12/12 Interest income 2,384,758 2,148,087 Interest expenses 580, ,907 Net interest income 1,804,601 1,696,180 Fee and commission income 529, ,471 Fee and commission expenses 51,120 58,402 Net fee and commission income 478, ,069 Net Interest, fee and commission income 2,282,684 2,199,249 Net gain/(loss) from trading 334,922 (29,968 ) Net gain/(loss) from financial investments 1, Other operating income (net) 562,683 1,059,578 Total operating income 3,181,293 3,228,903 Less : Impairment Charge/(reversal) for loans and other losses (99,486 ) (114,907 ) Net operating income 3,280,779 3,343,810 Less: Operating Expenses Personnel expenses 509, ,271 Other expenses 657, ,333 Operating profit/(loss) before value added tax (VAT) 2,114,016 2,256,206 Less: Value added tax (VAT) on financial services 278, ,703 Operating profit/(loss) after value added tax (VAT) 1,835,400 1,959,503 Share of profits of associates and joint ventures - - Profit/(loss) before tax 1,835,400 1,959,503 Less : Tax expenses 543, ,559 Profit/(loss) for the year 1,291,692 1,387,944 Profit attributable to: Owners of the parent 1,291,692 1,387,944 Non-controlling interests - - 1,291,692 1,387,944 Earnings per share on profit - - STATEMENT OF COMPREHENSIVE INCOME From 01/01/13 to 31/12/13 From 01/01/12 to 31/12/12 Profit/(loss) for the year 1,291,692 1,387,944 Other comprehensive income, net of tax Gains and losses on re-measuring available-for-sale financial assets 40,439 17,576 Actuarial gains and (losses) on defined benefit plans (31,472 ) 47,046 Net amount transferd to profit or loss on available-for-sale financial assets (1,004 ) (43 ) Less: Tax expense/(income) relating to components of other comprehensive income - - Other comprehensive income for the year, net of taxes 7,963 64,579 Total comprehensive income for the year 1,299,655 1,452,522 Attributable to: Owners of the parent 1,299,655 1,452,522 Non-controlling interests - -

2 STATEMENT OF FINANCIAL POSITION As at 31/12/13 As at 31/12/12 Assets Cash and cash equivalents 1,803,454 2,417,018 Balances with central banks 414, ,224 Placements with banks 2,625,511 3,274,872 Derivative financial instruments 488,032 1,162,325 Other financial assets held-for-trading 6,550,894 2,435,302 Loans and receivables to banks 2,402, ,191 Loans and receivables to other customers 8,661,816 10,670,170 Financial investments Available-for-sale 5,377,651 3,996,706 Property, plant and equipment 71,366 59,464 Deferred tax assets 25,658 37,066 Other assets 397, ,511 Total assets 28,818,898 25,799,849 Liabilities Due to banks 1,848, ,319 Derivative financial instruments 417,967 1,121,489 Due to other customers 12,788,923 12,496,957 Securities sold under repurchase agreements 3,260,137 1,676,336 Current tax liabilities 541, ,926 Employee Benefits 168, ,411 Other liabilities 442, ,906 Total liabilities 19,468,472 16,582,344 Equity Stated capital/assigned capital 1,524,250 1,524,250 Statutory reserve fund 437, ,474 Retained earnings 6,191,857 6,426,770 Other reserves 1,197, ,011 Total equity 9,350,426 9,217,505 Total equity and liabilities 28,818,898 25,799,849 Contingent liabilities and commitments 12,798,201 12,377,322 Memorandum information Number of emoloyees Number of branches 1 1 SELECTED PERFORMANCE INDICATORS As at 31/12/13 Bank As at 31/12/12 Regulatory Capital Adequacy Core Capital (Tier 1 Capital), Rs. Mn 9,473 7,369 Total Capital Base, Rs. Mn 9,516 7,423 Core Capital Adequacy Ratio, as%of Risk Weighted Assets (Minimum Requirement, 5%) 33.86% 29.67% Total Capital Adequacy Ratio, as%of Risk Weighted Assets (Minimum Requirement, 10%) 34.02% 29.89% Assets Quality (Quality of Loan Portfolio) Gross Non-Performing Advances Ratio, % (net of interest in suspense) 0.00% 0.00% Net-non performing Advances,%(net of interest in 0.00% 0.00% Profitability Interest Margin, % 6.33% 6.09% Return on Assets (before Tax), % 6.44% 7.39% Return on Equity, % 13.29% 17.27% Regulatory Liquidity Statutory Liquid Assets - DBU Rs.Mn. 11,837 7,762 Statutory Liquid Assets - FCBU Rs.Mn. 2,453 5,374 Statutory Liquid Assets Ratio,%(MinimumRequirement, 20%) Domestic Banking Unit 86.93% 69.95% Off-Shore Banking Unit 70.62% %

3 SUPPLEMENTARY INFORMATION - CITIGROUP (In millions of dollars, except per share amounts and as otherwise noted) Full Year 2013 Full Year 2012 Total Revenue, Net of Interest Expense $ 76,419 $ 69,190 Provision for Credit Losses and for Benefits and Claims Income from Continuing Operations before Income Taxes 8,514 19,497 11,329 7,825 Citigroup's Net Income 13,673 7,541 Diluted Earnings per Share Income from Continuing Operations $ 4.26 $ 2.46 Citigroup's Net Income $ 4.35 $ 2.44 Shares (in millions) Average Basic 3, ,930.6 Average Diluted 3, , Q 2013 (Aaudited) 4Q 2012 Financial Ratios Tier 1 Common Ratio 12.64% 12.67% Tier 1 Capital Ratio 13.68% 14.06% Total Capital Ratio 16.65% 17.26% Leverage Ratio 8.21% 7.48% Return on Average Common Equity 4.8% 2.5% Total Allowance for Loan Losses as a Percentage of Total Loans 2.97% 3.92% Balance Sheet Data, EOP (in Billions, except Book Value per Share) Total Assets $ 1,880.4 $ 1,864.7 Total Deposits Citigroup's Stockholder's Equity Book Value Per Share $ $ Tangible Book Value Per Share $ $ Supplementary Citigroup information has been extracted from interim financials available on CERTIFICATION: We, the undersigned, being the Chief Executive officer and the Financial Controller / Compliance Officer of Citi Bank 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; (b) the information contained in these statements have been extracted from the unaudited financial statements of the bank unless indicated as audited. Signed Signed Ravin Basnayake Asanga de Silva (Sgd.) Citi Country Officer (Sgd.) Chief Financial Officer Date: 29/05/14 Date: 29/05/14

4 STATEMENT OF CASH FLOWS 31/12/13 31/12/12 CASH FLOWS FROM OPERATING ACTIVITIES Interest & commision receipts 2,819,162 2,691,130 Interest & commision payments (630,327 ) (498,677) Receipts from other Operating Activities 607, ,006 Cash Payment to Employees. (494,112 ) (482,553) Other Overhead Expenses (906,200 ) (842,820) Operating Profit before changes in Operating Assets & Liabilities 1,396,409 1,606,086 (Increase)/Decrease in Operating Assets Loans and receivables to other customers and banks 640,415 1,292,150 Deposits held for regulatory purposes 13,440 (63,341) Placements with Bank 649, ,475 Other Assets 32,043 (17,339) 1,335,259 2,048,945 Increase/(Decrease) in Operating Liabilities Deposits from Customers and Banks 2,010,515 (1,686,988) Other Borrowings 1,583, ,976 Other Liabilities 38,716 (989,266) Net Cash Generated from/(used in) Operating Activities before taxes. 6,364,700 1,702,753 Income Tax Paid (589,341 ) (57,516) Net Cash Generated from/(used in) Operating Activities 5,775,359 1,645,237 CASH FLOWS FROM INVESTING ACTIVITIES Net proceeds from Sale, Maturity, and Purchases of Financial Investments (5,180,627 ) (1,325,380) Purchase of Property, Plant & Equipment (42,056 ) (13,327) Proceeds from Sale of Property, Plant & Equipment Net Cash used in Investing Activities (5,222,188 ) (1,338,575) CASH FLOWS FROM FINANCING ACTIVITIES Effect of Currency Translation 40, ,422 Profit remittence to Head Office (1,207,136 ) - Net Cash Generated from/(used in) Financing Activities (1,166,735 ) 255,422 Net Increase / (Decrease) in Cash & Cash Equivalents (613,564 ) 562,084 Cash & Cash Equivalents at the Beginning of the Year 2,417,018 1,854,934 Cash & Cash Equivalents at the End of the Year 1,803,454 2,417,018 Reconciliation of Cash & Cash Equivalents Cash in hand 422, ,273 Balances with banks 1,332,971 1,982,548 Money at call and short notice 47,883 40,197 1,803,454 2,417,018

5 STATEMENT OF CHANGES IN EQUITY AND RESERVES Ordinary voting shares Stated capital/assigned capital Reserves Total Non Ordinary non-voting shares Assigned capital Statutory reserve fund Investment fund account Exchange equalization account Available for sale reserve Exchange equalilzation reserve Retained earnings controlling interest Total equity Balance as at 01/01/13 (Opening balance) - - 1,524, , ,937 5,170 14, ,348 6,426,770 9,217,505-9,217,505 Total comprehensive income for the year Profit/(loss) for the year ,291,692 1,291,692-1,291,692 Other comprehensive income (net of tax) ,435 - (31,472 ) 7,963-7,963 Total comprehensive income for the year ,435-1,260,220 1,299,655-1,299,655 Transactions with equity holders, recognised directly in equity Profit Transferred to head office (1,207,136 ) (1,207,136 ) - (1,207,136) Transfers to reserves during the period , , (287,997) Effect of Currency Translation ,401-40,401-40,401 Total transactions with equity holders , , ,401 (1,495,133 ) (1,166,735) - (1,166,735) Balance as at 31/12/13 (Closing balance) - - 1,524, , ,350 5,170 53, ,749 6,191,857 9,350,426-9,350,426

6 ANALYSIS OF FINANCIAL INSTRUMENTS BY MEASUREMENT BASIS Current period - 31st December 2013 In Thousand HFT Designated HTM Amortised AFS Hedging Total at far value cost ASSETS Cash and cash equivalents ,803, ,803,454 Balances with central banks , ,784 Placements with banks ,625, ,625,511 Derivative financial instruments 488, ,032 Other financial assets held-for-trading 6,550, ,550,894 Loans and receivables to banks ,402, ,402,416 Loans and receivables to other customers ,661, ,661,816 Financial investments ,377,651-5,377,651 Total financial assets 7,038, ,907,981 5,377,651-28,324,558 LIABILITIES Due to banks ,848, ,848,818 Derivative financial instruments 417, ,967 Due to other customers ,788, ,788,923 Other borrowings ,260, ,260,137 Total financial liabilities 417, ,897, ,315,845 Previous period - 31st December 2012 ASSETS HFT Designated HTM Amortised AFS Hedging Total at far value Cash and cash equivalents ,417, ,417,018 Balances with central banks , ,224 Placements with banks ,274, ,274,872 Derivative financial instruments 1,162, ,162,325 Other financial assets at fair value through profit or loss 2,435, ,435,302 Loans and receivables to banks , ,191 Loans and receivables to other customers ,670, ,670,170 Financial investments ,996,706-3,996,706 Total financial assets 3,597, ,630,475 3,996,706-25,224,808 cost LIABILITIES Due to banks , ,319 Derivative financial instruments 1,121, ,121,489 Due to other customers ,496, ,496,957 Other borrowings ,676, ,676,336 Total financial liabilities 1,121, ,302, ,424,101 Held for trading - HFT Designated at fair value through profit or loss - Designated at fair value Loans and receivables/deposits at amortised cost - Amortised cost Held-to-maturity - HTM Available-for-sale AFS Instruments of fair value and cash flow hedging - Hedging

7 NOTES TO THE FINANCIAL STATEMENT As at 31/12/13 As at 31/12/12 Loans and Receivables to Other Customers Gross loans and receivables 8,740,656 10,848,495 (Less): Individual impairment Collective impairment (78,840) (178,325) Net loans and receivables including at fair value through profit or loss 8,661,816 10,670,170 (Less) : Loans and receivables designated at fair value through profit or loss - - Net loans and receivables 8,661,816 10,670,170 Loans and receivables to Other Customers - By Product By Product - Domestic Currency Overdrafts 2,520,646 5,466,964 Bills of Exchange 171 2,465 Staff loans 154, ,665 Short-term 3,334,260 2,187,839 Sub Total 6,009,601 7,823,933 By Product - Foreign Currency Overdrafts 1,031, ,555 Bills of Exchange 86,357 6,981 Short-term 1,612,774 2,030,026 Sub Total 2,731,055 3,024,562 Total 8,740,656 10,848,495 Movements in Individual and Collective Impairment during the Year Individual impairment Opening balance - - Charge/(Write back) to income statement - - Write-off during the year - - Other movements - - Closing balance - - Collective impairment Opening balance 178, ,232 Charge/(Write back) to income statement (99,485) (114,907) Other movements Closing balance 78, ,325 Total 78, ,325 Due to Other Customer - By Product By Product - Domestic Currency Demand deposits (current accounts) 3,642,943 3,198,851 Savings deposits 2,431,712 2,093,085 Time deposits 3,450,612 2,142,943 Other deposits 142, ,052 Sub Total 9,667,729 7,555,931 By Product - Foreign Currency Demand deposits (current accounts) 841, ,605 Savings deposits 1,244,027 2,858,580 Time deposits 942, ,775 Other deposits 92, ,066 Sub Total 3,121,194 4,941,026 Total 12,788,923 12,496,957