Financial Statements
Year Ended 31st March 2025
Alliance Finance Company PLC |
Statement of Profit or Loss - Company |
For the year ended 31st March |
Interest income | 3,854,417,367 | 3,505,780,158 | 14,616,592,608 | 13,184,634,453 | ||
Interest expenses | (1,657,052,675) | (1,627,920,543) | (6,472,265,408) | (7,297,688,560) | ||
Net Interest Income | 2,197,364,692 | 1,877,859,615 | 8,144,327,200 | 5,886,945,893 | ||
Fee and Commission Income | (130,376,866) | 102,159,873 | (228) | 461,051,367 | 318,390,667 | 45 |
Net gain/(loss) from trading | 37,591,375 | (39,927,295) | 194 | 80,517,660 | (22,928,907) | 451 |
Other operating income (net) | 125,638,544 | 216,920,795 | (42) | 514,957,240 | 445,998,037 | 15 |
Total Operating Income | 2,230,217,745 | 2,157,012,988 | 3 | 9,200,853,467 | 6,628,405,690 | 39 |
Impairment (charges) / reversal for | ||||||
loans and other losses | 296,097,648 | 528 | (233,790,064) | (335,708,299) | 30 | |
Net Operating Income | 2,526,315,393 | 15 | 8,967,063,403 | 6,292,697,393 | 42 | |
Operating Expenses | ||||||
Personnel expenses | (610,531,394) | (493,218,575) | (2,109,458,450) | (1,604,634,943) | ||
Other operating expenses | (528,982,203) | (660,664,920) | (2,564,492,850) | (2,170,173,504) | ||
Depreciation and amortization | (55,387,950) | (44,902,966) | (212,784,329) | (169,449,679) | ||
Total operating expenses | (1,194,901,547) | (1,198,786,461) | (4,886,735,629) | (3,944,258,126) | ||
Operating Profit before Taxes on | ||||||
Financial Services | 1,331,413,846 | 1,005,355,269 | 4,080,327,774 | 2,348,439,267 | ||
Taxes on financial services | (361,486,932) | (292,919,930) | (23) | (1,012,264,791) | (668,603,605) | (51) |
Operating Profit after Taxes on | ||||||
Financial Services Share of profit/(loss) from | 969,926,914 | 712,435,339 | ||||
associates | 491,182 | (2,932,714) | ||||
Profit before Taxation from | ||||||
Operations | 970,418,096 | 709,502,625 | ||||
Provision for income taxation | (510,927,362) | (79) | (1,352,135,165) | |||
Profit for the Period | 459,490,734 | 8 | 1,734,833,052 | |||
Basic/ Diluted earnings per share | ||||||
(Annualised) | 54.55 | 51.48 | ||||
Dividend Per Share paid | 8.40 | 16.40 | ||||
1 | ||||||
For the Quarter ended | |||
2025 | 2024 | ||
(Unaudited) | (Audited) | Variance | |
Rs. | Rs. | % | |
Gross Income | 3,887,270,420 | 3,784,933,531 | 3 |
For the year ended | ||
2025 | 2024 | |
(Unaudited) | (Audited) | Variance |
Rs. | Rs. | % |
15,673,118,875 | 13,926,094,250 | 13 |
10 |
(2) |
17 |
11 |
11 |
38 |
47,128,742 |
2,204,141,730 |
(24) |
20 |
(23) |
0 |
32 |
(31) |
(18) |
(26) |
(24) |
74 |
36 |
117 |
37 |
3,068,062,983 |
18,905,234 |
3,086,968,217 |
1,679,835,662 |
18,031,098 |
1,697,866,760 |
83 |
5 |
82 |
(285,186,880) |
424,315,745 |
(780,987,408) |
916,879,352 |
(73) |
89 |
50.37 |
8.40 |
27.21 |
5.00 |
Alliance Finance Company PLC Statement of Profit or Loss - Group
For the 2025 (Unaudited) Rs. | Quarter ended 2024 (Audited) Rs. | Variance % |
4,176,815,889 | 3,823,201,959 | 9 |
3,849,872,033 | 3,506,881,388 | 10 |
(1,657,096,472) | (1,627,960,151) | (2) |
2,192,775,561 | 1,878,921,237 | 17 |
166,708,066 | 125,268,898 | 33 |
31,807,213 | (41,981,152) | 176 |
128,428,577 | 233,032,825 | (45) |
2,519,719,417 | 2,195,241,808 | 15 |
296,097,645 | 47,128,741 | 528 |
2,815,817,062 | 2,242,370,549 | 26 |
(615,346,191) | (495,563,810) | (24) |
(507,707,636) | (656,064,846) | 23 |
(55,470,877) | (45,078,367) | (23) |
(1,178,524,704) | (1,196,707,023) | 2 |
1,637,292,358 | 1,045,663,526 | 57 |
(361,486,932) | (292,919,930) | (23) |
1,275,805,426 | 752,743,596 | 69 |
491,182 | (2,932,714) | 117 |
1,276,296,608 | 749,810,882 | 70 |
(523,800,147) | (294,003,855) | (78) |
752,496,461 | 455,807,027 | 65 |
740,943,010 | 444,451,272 | 67 |
11,553,451 | 11,355,755 | 2 |
752,496,461 | 455,807,027 | 65 |
87.96 | 52.76 | |
8.40 | 8.40 |
For the year ended 31st March
For the year ended 2025 2024 (Unaudited) (Audited) Variance Rs. Rs. % | ||||||
Gross Income | 15,831,710,127 | 14,063,875,468 | 13 | |||
Interest income | 14,635,683,861 | 13,200,296,688 | 11 | |||
Interest expenses | (6,472,368,820) | (7,286,440,505) | 11 | |||
Net Interest Income | 8,163,315,041 | 5,913,856,183 | 38 | |||
Fee and commission income | 591,428,233 | 413,481,566 | 43 | |||
Net gain/(loss) from trading | 80,256,913 | (24,710,704) | 425 | |||
Other operating income (net) | 524,341,120 | 474,807,918 | 10 | |||
Total Operating Income | 9,359,341,307 | 6,777,434,963 | 38 | |||
Impairment (charges) / reversal for | ||||||
loans and other losses | (233,790,064) | (335,708,297) | 30 | |||
Net Operating Income | 9,125,551,243 | 6,441,726,666 | 42 | |||
Operating Expenses | ||||||
Personnel expenses | (2,128,059,427) | (1,618,466,326) | (31) | |||
Other operating expenses | (2,579,544,628) | (2,180,701,749) | (18) | |||
Depreciation and amortization | (213,171,108) | (170,136,539) | (25) | |||
Total operating expenses | (4,920,775,163) | (3,969,304,614) | (24) | |||
Operating Profit before Taxes on | ||||||
Financial Services | 4,204,776,080 | 2,472,422,052 | 70 | |||
Taxes on financial services | (1,012,264,791) | (668,603,605) | (51) | |||
Operating Profit after Taxes on | ||||||
Financial Services | 3,192,511,289 | 1,803,818,447 | 77 | |||
Share of profit/(loss) from associates | 18,905,234 | 18,031,098 | 5 | |||
Profit before Taxation from | ||||||
Operations | 3,211,416,523 | 1,821,849,545 | 76 | |||
Provision for income taxation | (1,394,595,018) | (813,288,033) | (71) | |||
Profit for the Period | 1,816,821,505 | 1,008,561,512 | 80 | |||
Profit attributable to : Equity holders of the Company | 1,779,739,681 | 975,500,926 | 82 | |||
Non controlling interest | 37,081,824 | 33,060,586 | 12 | |||
Profit for the Period | 1,816,821,505 | 1,008,561,512 | 80 | |||
Basic/ Diluted earnings per share (Annualised) Dividend Per Share paid | 52.82 16.40 | 28.95 5.00 | ||||
2
Alliance Finance Company PLC |
Statement of Comprehensive Income - Company |
For the year ended 31st March |
For 2025 | the Quarter ended 2024 | Fo 2025 | r the year ended 2024 | ||
(Unaudited) | (Audited) | Variance | (Unaudited) | (Audited) | Variance |
Rs. 459,490,734 | Rs. 424,315,745 | % 8 | Rs. 1,734,833,052 (52,834,494) 15,850,348 - - - 100,607,514 | Rs. 916,879,352 | % 89 |
(52,834,494) | 15,519,237 | (440) | 15,519,237 | (440) | |
15,850,348 | (4,655,771) | 440 | (4,655,771) | 440 | |
- | 529,154,857 | (100) | 529,154,857 | (100) | |
- | (90,269,862) | 100 | (90,269,862) | 100 | |
- | (68,476,595) | 100 | (68,476,595) | 100 | |
(38,755,845) | 21,690,148 | (279) | 41,220,588 | 47 | |
(75,739,991) | 402,962,014 | (119) | 63,623,368 | 422,492,454 | (85) |
383,750,743 | 827,277,759 | (54) | 1,798,456,420 | 1,339,371,806 | 34 |
Profit for the period
Other Comprehensive Income
Other Comprehensive Income not to be Reclassified to Profit or Loss |
Actuarial gains /( losses ) on defined benefit plans |
Deferred tax effect on above |
Surplus from revaluation of property, plant & equipment |
Deferred tax effect on land |
Deferred tax effect on building |
Equity investments at FVOCI -net change in fair value & realized profit/ (loss) to retained earnings |
Net Other Comprehensive Income not be Reclassified to Profit or Loss |
Total Comprehensive Income for the period |
-
3
For t 2025 | he Quarter ended 2024 | For the year ended 2025 2024 (Unaudited) (Audited) Variance Rs. Rs. % | |||
(Unaudited) | (Audited) | Variance | |||
Rs. | Rs. | % | |||
752,496,461 (53,539,039) 16,061,712 - -(38,755,845) | 455,807,027 65 14,130,047 (479) (4,655,771) 445 529,154,857 (100) (90,269,862) 100 (68,476,595) 100 21,690,148 (279) | 1,816,821,505 (53,539,039) 16,061,712 - -100,607,514 | 1,008,561,512 80 14,130,047 (479) (4,655,771) 445 529,154,857 (100) (90,269,862) 100 (68,476,595) 100 41,220,588 144 | ||
(76,233,172) | 401,572,824 | (119) (21) (21) 2 (21) | 63,130,186 | 421,103,264 | (85) 31 32 12 31 |
676,263,289 | 857,379,851 | 1,879,951,692 | 1,429,664,776 | ||
664,709,839 11,553,450 | 846,024,096 11,355,755 | 1,842,869,868 37,081,824 | 1,396,604,190 33,060,586 | ||
676,263,289 | 857,379,851 | 1,879,951,692 | 1,429,664,776 | ||
Alliance Finance Company PLC
Statement of Comprehensive Income - Group |
For the year ended 31st March |
Profit for the period
Other Comprehensive Income
Other Comprehensive Income not to be Reclassified to Profit or Loss |
Actuarial gains /( losses ) on defined benefit plans |
Deferred tax effect on above |
Surplus from revaluation of property, plant & equipment |
Deferred tax effect on Land |
Deferred tax effect on Building |
Equity investments at FVOCI -net change in fair value & realized profit/ (loss) to retained earnings |
Net Other Comprehensive Income not be Classified to Profit or Loss |
Total Comprehensive Income for the period |
Attributable to: |
Equity holders of the company |
Non controlling interest |
Total Comprehensive Income for the period |
4
31.03.2025 (Unaudited) Rs. | Company 31.03.2024 (audited) Rs. | Variance % | 31.03.2025 (Unaudited) Rs. | Group 31.03.2024 (audited) Rs. | Variance % |
1,475,822,024 | 1,037,507,757 | 42 | 1,741,401,080 | 1,136,828,171 | 53 |
1,834,618,154 | 962,606,909 | 91 | 1,834,617,974 | 962,606,909 | 91 |
4,905,397,835 | 3,246,352,935 | 51 | 4,941,814,722 | 3,383,898,083 | 46 |
5,271,089,167 | 3,508,968,758 | 50 | 5,400,608,853 | 3,508,968,758 | 54 |
38,342,731,995 | 23,506,870,064 | 63 | 38,342,731,995 | 23,506,870,064 | 63 |
24,173,323,963 | 22,597,190,332 | 7 | 24,173,323,963 | 22,597,190,332 | 7 |
175,800,654 | 317,703,694 | (45) | 175,800,654 | 317,703,694 | (45) |
67,495,284 | 85,653,478 | (21) | 67,495,284 | 85,653,478 | (21) |
566,898,746 | 458,631,541 | 24 | 545,171,168 | 450,152,849 | 21 |
244,625,077 | 257,537,354 | (5) | 252,983,150 | 265,196,987 | (5) |
126,502,614 | 110,332,180 | 15 | 138,316,858 | 128,484,547 | 8 |
18,522,288 | 16,924,038 | 9 | - | - | - |
187,680,000 | 187,680,000 | - | 302,680,000 | 295,680,000 | 2 |
3,390,971,504 | 3,202,649,652 | 6 | 3,391,875,272 | 3,202,950,925 | 6 |
184,674,891 | 147,087,856 | 26 | 184,674,890 | 147,169,590 | 25 |
463,824,482 | 356,347,453 | 30 | 463,824,482 | 356,347,453 | 30 |
135,483,254 | 174,526,137 | (22) | 137,401,676 | 175,796,752 | (22) |
81,565,461,932 | 60,174,570,138 | 36 | 82,094,722,021 | 60,521,498,592 | 36 |
Alliance Finance Company PLC | |||||
Statement of Financial Position | |||||
As at | |||||
Assets | |||||
Cash and cash equivalents | |||||
Repurchase agreements | |||||
Placements with banks & financial | |||||
institutions Financial assets recognised through profit or | |||||
loss | |||||
Loans and advances - at amortised cost | |||||
Lease rentals receivable & stock out on hire - | |||||
at amortised cost | |||||
Financial assets- fair value through other | |||||
comprehensive income | |||||
Other trading stocks | |||||
Other financial assets | |||||
Other non financial assets | |||||
Investments in associates | |||||
Investments in subsidiaries | |||||
Investment property | |||||
Property, plant & equipment | |||||
Intangible assets | |||||
Right of use asset | |||||
Deferred tax assets | |||||
Total Assets | |||||
Liabilities | |||||
Due to banks 30,341,711,845 | 20,310,185,391 | 49 | 30,397,669,512 | 20,310,185,391 | 50 |
Debt Securities Measured at amortised cost 1,012,406,801 | - | 100 | 1,012,406,801 | - | 100 |
Due to depositors - at amortised cost 36,524,836,317 | 28,387,365,249 | 29 | 36,523,989,296 | 28,386,553,614 | 29 |
Other financial liabilities 1,537,657,682 | 1,129,788,583 | 36 | 1,609,980,121 | 1,159,602,656 | 39 |
Other non financial liabilities 191,818,324 | 219,237,671 | (13) | 191,818,324 | 219,237,671 | (13) |
Derivative financial liabilities - | 5,379,033 | (100) | - | 5,379,033 | (100) |
Income tax liabilities 1,370,124,514 | 928,513,196 | 48 | 1,388,527,363 | 938,772,455 | 48 |
Retirement benefit liabilities 87,094,962 | 52,103,008 | 67 | 92,785,154 | 56,338,393 | 65 |
Deferred tax liabilities 704,224,787 | 663,298,289 | 6 | 711,624,397 | 668,778,398 | 6 |
Lease Liability 446,054,836 | 349,669,732 | 28 | 446,054,836 | 349,669,731 | 28 |
Total Liabilities 72,215,930,068 | 52,045,540,152 | 39 | 72,374,855,804 | 52,094,517,342 | 39 |
Shareholders' Funds | |||||
Stated capital 613,980,000 | 613,980,000 | - | 613,980,000 | 613,980,000 | - |
Retained earnings 5,656,084,950 | 4,509,940,679 | 25 | 5,856,808,525 | 4,675,362,989 | 25 |
Reserves 3,079,466,914 | 3,005,109,307 | 2 | 3,079,466,914 | 3,005,109,307 | 2 |
Total Equity Attributable to Equity Holders 9,349,531,864 | 8,129,029,986 | 15 | 9,550,255,439 | 8,294,452,296 | 15 |
Non controlling interest - | - | 169,610,778 | 132,528,954 | 28 | |
Total Equity 9,349,531,864 | 8,129,029,986 | 15 | 9,719,866,217 | 8,426,981,250 | 15 |
Total Liabilities and Shareholders' Funds 81,565,461,932 | 60,174,570,138 | 36 | 82,094,722,021 | 60,521,498,592 | 36 |
of the Company
Contingent Liabilities and Commitments Net assets value per share (Rs.)
820,666,741
241
820,666,741
246
1,507,878,412
283
1,507,878,412
277
Accounting policies & notes to the accounts form an integral part of these Financial Statements.
Certification
I certify that these Financial Statements are presented in compliance with the requirements of the Companies Act No. 07 of 2007.
W.A.D.D. Tillekeratne W.P.K Jayawardana R.K.E.P. De Silva
Chief Financial Officer Deputy Managing Director
30-05-2025
Colombo
5
Deputy Chairman & Managing Director
Alliance Finance Company PLC Statement of Changes in Equity
Stated Capital Statutory Reserve Revaluation Reserve General Reserve FVOCI Non Controlling Retained Earnings Total Fund Interest |
Rs. Rs. Rs. Rs. Rs. Rs. Rs. Rs. |
For the period ended 31st March
Company
Balance as at 1st April 2023 | 613,980,000 | 1,002,482,237 | 1,223,390,151 | 388,258,055 | (31,969,924) | - | 3,761,997,661 | 6,958,138,180 |
Profit for the period | - | - | - | - | - | - | 916,879,352 | 916,879,352 |
Other comprehensive income, net of tax | ||||||||
Net actuarial gain/(loss) on defined benefit plan | - | - | - | - | - | - | 10,863,466 | 10,863,466 |
Equity investments at FVOCI - net change in fair value & Disposal profit | - | - | - | - | 41,220,588 | - | - | 41,220,588 |
Transfer of realized profit /(loss) on equity instrument disposal to retained earning | - | - | - | - | (34,524,168) | - | 34,524,168 | - |
Revaluation Surplus | 370,408,400 | 370,408,400 | ||||||
Transfer to statutory reserve | - | 45,843,968 | - | - | - | - | (45,843,968) | - |
Dividend paid | - | - | - | - | - | - | (168,480,000) | (168,480,000) |
Balances as at 31st March 2024 (Audited ) | 613,980,000 | 1,048,326,205 | 1,593,798,551 | 388,258,055 | (25,273,504) | - | 4,509,940,679 | 8,129,029,986 |
613,980,000 | 1,048,326,205 | 1,593,798,551 | 388,258,055 | (25,273,504) | - | 4,509,940,679 | 8,129,029,986 |
- | - | - | - | - | - | 1,734,833,052 | 1,734,833,052 |
- | - | - | - | - | - | (36,984,146) | (36,984,146) |
- | - | - | - | 100,607,514 | - | - | 100,607,514 |
(87,651,562) | 87,651,562 | - | |||||
(25,339,998) | - | - | - | (25,339,998) | |||
- | 86,741,653 | - | - | - | (86,741,653) | - | |
- | - | - | - | - | - | (552,614,544) | (552,614,544) |
613,980,000 | 1,135,067,858 | 1,568,458,553 | 388,258,055 | (12,317,552) | - | 5,656,084,950 | 9,349,531,864 |
Balance as at 1st April 2024 Profit for the period
Other comprehensive income, net of tax
Net actuarial gain/(loss) on defined benefit plan
Equity investments at FVOCI - net change in fair value & Disposal profit
Transfer of realized profit /(loss) on equity instrument disposal
to retained earning `
Revaluation Surplus
Transfer to statutory reserve Dividend Paid
Balances as at 31st March 2025
6
Alliance Finance Company PLC | ||||||||
Statement of Changes in Equity | ||||||||
For the period ended 31st March | ||||||||
Group | Stated Capital | Statutory Reserve | Revaluation Reserve | General Reserve | FVOCI | Non Controlling | Retained Earnings | Total |
Fund | Interest | |||||||
Rs. | Rs. | Rs. | Rs. | Rs. | Rs. | Rs. | Rs. | |
Balance as at 1st April 2023 | 613,980,000 | 1,002,482,237 | 1,223,390,151 | 388,258,055 | (31,969,924) | 99,468,368 | 3,870,187,587 | 7,165,796,474 |
Profit for the period | - | - | - | - | - | 33,060,586 | 975,500,926 | 1,008,561,512 |
Other comprehensive income, net of tax - | - | |||||||
Net actuarial gain/(loss) on defined benefit plan | - | - | - | - | - | - | 9,474,276 | 9,474,276 |
Equity investments at FVOCI - net change in fair value & | ||||||||
Disposal profit | - | - | - | - | 41,220,588 | - | - | 41,220,588 |
Transfer of realized profit on equity instruments disposal to retained erning. | - | - | - | - | (34,524,168) | - | 34,524,168 | - |
Revaluation Surplus | 370,408,400 | 370,408,400 | ||||||
Transfer to statutory reserve | - | 45,843,968 | - | - | - | - | (45,843,968) | - |
Dividend paid | - | - | - | - | - | - | (168,480,000) | (168,480,000) |
Balances as at 31st March 2024 (Audited ) | 613,980,000 | 1,048,326,205 | 1,593,798,551 | 388,258,055 | (25,273,504) | 132,528,954 | 4,675,362,989 | 8,426,981,250 |
Balance as at 1st April 2024 | 613,980,000 | 1,048,326,205 | 1,593,798,551 | 388,258,055 | (25,273,504) | 132,528,954 | 4,675,362,989 | 8,426,981,250 |
Profit for the period | - | - | - | - | - | 37,081,824 | 1,779,739,681 | 1,816,821,505 |
Other comprehensive income, net of tax - | - | |||||||
Net actuarial gain/(loss) on defined benefit plan | - | - | - | - | - | - | (37,477,326) | (37,477,326) |
Equity investments at FVOCI - net change in fair value & Disposal profit | - | - | - | - | 100,607,514 | - | - | 100,607,514 |
Transfer of realized profit /(loss) on equity instrument disposal to retained earning | (87,651,562) | 87,651,562 | - | |||||
Changes in revaluation reserve | - | - | (25,339,998) | - | - | - | - | (25,339,998) |
Transfer to statutory reserve | - | 86,741,653 | - | (86,741,653) | - | |||
Dividend Paid | - | - | - | - | - | - | (561,726,728) | (561,726,728) |
Balances as at 31st March 2025 | 613,980,000 | 1,135,067,858 | 1,568,458,553 | 388,258,055 | (12,317,552) | 169,610,778 | 5,856,808,525 | 9,719,866,217 |
Figures in brackets indicate deductions.
Accounting policies & notes to accounts form an integral part of these Financial Statements.
7
Alliance Finance Company PLC Statement of Cash Flows
Company 2025 2024 (Unaudited) (Audited) Rs. Rs. | |
3,086,968,217 | 1,697,866,760 |
201,382,217 | 158,683,135 |
11,402,112 | 10,766,544 |
2,575,098,535 | - |
12,406,801 | - |
153,917,919 | 128,590,164 |
58,736,458 | 45,325,284 |
24,288,888 | 106,846,334 |
(301,472,480) | (405,447,590) |
(57,989,735) | (7,172,338) |
- | (24,480,000) |
209,501,175 | 228,861,963 |
(13,373,265) | (78,391,610) |
(54,149,174) | (43,035,311) |
- | (4,503,313) |
75,387,265 | 59,869,919 |
(38,436,201) | (12,264,186) |
(18,905,233) | (18,031,098) |
5,924,763,499 | 1,843,484,657 |
55,295,393 | 21,539,088 |
(14,923,408,125) | (6,123,554,883) |
(1,722,377,501) | (1,313,920,147) |
(2,531,056,090) | 946,805,547 |
(108,267,205) | (43,177,413) |
190,497,580 | 65,518,508 |
(5,379,033) | (30,795,983) |
8,137,471,068 | 7,911,517,414 |
445,517,745 | 550,134,178 |
(27,419,347) | 131,807,625 |
(4,564,362,016) | 3,959,358,591 |
(41,126,797) | (40,736,908) |
(52,103,008) | - |
(840,044,008) | (504,332,568) |
(5,497,635,829) | 3,414,289,115 |
(413,182,304) | (305,167,340) |
(261,394,948) | (119,590,927) |
(48,989,147) | (18,665,996) |
2,734,800 | (21,394,236) |
36,851,500 | 146,828,000 |
17,011,975 | - |
(1,461,620,121) | (464,883,633) |
36,837,662 | 12,264,186 |
301,472,480 | 405,447,590 |
(1,790,278,103) | (365,162,356) |
(177,585,303) | (149,268,076) |
18,078,169,350 | 35,737,038,776 |
(12,879,727,934) | (35,799,452,734) |
1,000,000,000 | - |
(552,614,472) | (168,480,000) |
5,468,241,641 | (380,162,035) |
(1,819,672,291) | 2,668,964,724 |
(283,171,510) | (2,952,136,234) |
(2,102,843,801) | (283,171,510) |
(1,819,672,291) | 2,668,964,724 |
Group 2025 2024 (Unaudited) (Audited) Rs. Rs. | |
3,211,416,523 | 1,821,849,545 |
201,687,261 | 159,178,329 |
11,483,847 | 10,958,210 |
2,575,098,535 | - |
12,406,801 | - |
153,917,919 | 128,590,164 |
58,736,458 | 45,325,284 |
24,288,888 | 106,846,334 |
(320,563,733) | (421,109,825) |
(57,989,735) | (7,172,338) |
(7,000,000) | (42,480,000) |
209,501,174 | 228,861,963 |
(13,373,265) | (78,391,610) |
(54,149,174) | (43,035,311) |
- | (4,503,313) |
76,337,527 | 60,563,055 |
(51,000,290) | (19,219,784) |
(18,905,234) | (18,031,098) |
6,011,893,503 | 1,928,229,605 |
55,295,393 | 21,539,088 |
(14,923,408,125) | (6,123,554,884) |
(1,722,377,501) | (1,313,920,148) |
(2,546,883,392) | 822,724,866 |
(95,018,319) | (32,219,621) |
189,799,140 | 58,354,394 |
(5,379,033) | (30,795,983) |
8,137,435,683 | 7,995,850,543 |
488,026,112 | 543,956,927 |
(27,419,347) | 130,942,477 |
(4,438,035,886) | 4,001,107,264 |
(41,326,797) | (40,736,908) |
(52,103,008) | - |
(872,877,284) | (535,339,343) |
(5,404,342,975) | 3,425,031,013 |
(414,089,843) | (305,336,572) |
(261,394,948) | (119,590,927) |
(48,989,147) | (18,665,996) |
9,072,923 | (13,041,068) |
36,851,500 | 146,828,000 |
17,011,975 | - |
(1,474,184,209) | (464,883,633) |
51,000,290 | 19,219,784 |
320,563,733 | 421,109,825 |
(1,764,157,726) | (334,360,587) |
(177,585,303) | (149,268,076) |
18,078,169,350 | 35,737,038,776 |
(12,879,727,934) | (35,799,452,734) |
1,000,000,000 | |
(561,726,728) | (168,480,000) |
5,459,129,385 | (380,162,035) |
(1,709,371,316) | 2,710,508,391 |
(183,851,096) | (2,894,359,487) |
(1,893,222,412) | (183,851,096) |
(1,709,371,316) | 2,710,508,391 |
For the period ended 31st March
Cash Flows From / (Used in) Operating Activities Profit before Income Tax Expense
Adjustments for;
Depreciation of property, plant & equipment Amortization of intangible assets
Interest Expenses of Bank Borrowings Interest on debentures
Amortization of Right of use asset Interest expense on lease liability Impairment (reversal)/provision
Interest on fixed deposits, commercial paper & treasury bills Fair value (gain)/loss on equity investments (FVTPL)
Fair value gain on investment property Bad debt written-off
Loss/(profit) on disposal of property, plant & equipment Profit from sale of vehicle
Loss/(profit) on disposal of real estates Provision/(reversal) for defined benefit plans Dividend received
Share of loss/(profit) from associates
Operating Profit before Working Capital Changes
(Increase)/decrease in trading stock (Increase)/decrease in loans and advances
(Increase)/decrease in lease rentals receivable & stock out on hire
(Increase)/decrease in fixed deposits & repurchase agreements (Increase)/decrease in other financial assets (Increase)/decrease in other non financial assets Increase/(decrease) in derivative financial liabilities
Increase/(decrease) in amounts due to depositors Increase/(decrease) in other financial liabilities Increase/(decrease) in other non financial liabilities
Cash generated from/(used in) Operations Retirement benefit liabilities paid Investment in gratuity fund
Taxes paid
Net cash generated from/(used in) operating activities
Cash Flows from / (Used in) Investing Activities Acquisition of property, plant & equipment Acquisition of right of use assets
Acquisition of Intangible Assets Investment in associates
Proceeds from sales of property, plant & equipment Proceeds from sales of vehicles
Net sales/ (purchases) of financial assets -FVTPL/FVTOCI Dividend received
Interest on fixed deposits, commercial paper & treasury bills Net Cash Generated from Investing Activities
Cash Flows from / (Used in) Financing Activities Settlement of operating lease liabilities
Loans Obtained
Loans Repayments
Proceeds from Debenture issue Dividend paid
Net Cash Generated from/(Used in) Financing Activities
Net Increase/(Decrease) in Cash and Cash Equivalents
Cash and cash equivalents at the beginning of the year Cash and cash equivalents at the end of the period * Movement in Cash and Cash Equivalent
Note : Reporting cash flows from operating activities
The Company reports cash flows from operating activities by using the indirect method. The indirect method - whereby profit or loss is adjusted for the effects of non-cash items, any deferrals or accruals of past or future operating cash receipts or payments, and items of income or expense associated with investing or financing cash flows - is shown in the above.
* Cash and cash equivalents at the end of the period include favourable cash balances and the Bank Overdraft balances.
8
Alliance Finance Company PLC Fair Value Hierarchy -Company
Quoted Prices in Active Markets Level 1 Rs. | Fair Value Measurement using Significant Significant Observable Inputs Unobservable Inputs Level 2 Level 3 Rs. Rs. | Total Rs. | |
- | 3,730,914,157 | - | 3,730,914,157 |
1,540,175,010 | - | - | 1,540,175,010 |
175,221,404 | - | - | 175,221,404 |
- | - | 579,250 | 579,250 |
1,715,396,414 | 3,730,914,157 | 579,250 | 5,446,889,821 |
As at 31st March 2025
Financial Assets
Financial assets - Fair value through profit and loss
Government of Sri Lanka treasury bills
Investments in Unit Trusts
Financial assets - Fair value through Other Comprehensive Income
Quoted Investments Unquoted Investments
- | 36,524,836,317 | - | 36,524,836,317 |
- | 30,341,711,845 | - | 30,341,711,845 |
- | 1,012,406,801 | 1,012,406,801 | |
- | - | - | - |
- | 67,878,954,963 | - | 67,878,954,963 |
Financial Liabilities Due to Depositors Due to Banks
Debt Securities Measured at amortised cost Derivative financial liabilities
As at 31st March 2024 Financial assets | |||||
Financial assets - Fair value through profit | |||||
and loss | |||||
Government of Sri Lanka treasury bills | - | 1,900,347,524 | - | 1,900,347,524 | |
Government of Sri Lanka treasury bonds | - | 626,067,144 | - | 626,067,144 | |
Quoted Investments | 127,629,421 | - | - | 127,629,421 | |
Investments in Unit Trusts | 854,924,669 | - | - | 854,924,669 | |
- | |||||
Financial assets - Fair value through Other | Comprehensive Income | - | |||
Quoted Investments | 317,124,444 | 317,124,444 | |||
Unquoted Investments | 579,250 | 579,250 | |||
1,299,678,534 | 2,526,414,668 | 579,250 | 3,826,672,452 | ||
Financial Liabilities | |||||
Due to Depositors | - | 28,387,365,249 | - | 28,387,365,249 | |
Due to Banks | - | 20,310,185,391 | - | 20,310,185,391 | |
Derivative financial liabilities | - | 5,379,033 | - | 5,379,033 | |
- | 48,702,929,673 | - | 48,702,929,673 | ||
9
Alliance Finance Company PLC |
Analysis Of Financial Statements Measurement Basis - Company |
As at 31st March 2025 |
Financial assets recognized through profit or loss (FVTPL ) | Financial assets at amortized cost (AC) | Financial assets at fair value through other comprehensive income(FVOCI) | Total | |
Rs. | Rs. | Rs. | Rs. | |
Asset | ||||
Cash and cash equivalents | - | 1,475,822,024 | - | 1,475,822,024 |
Repurchase Agreements | 1,834,618,154 | - | - | 1,834,618,154 |
Placement with banks and other financial institutions | - | 4,905,397,835 | - | 4,905,397,835 |
Financial asset recognized through profit or loss | 5,271,089,167 | - | - | 5,271,089,167 |
Loans and receivables-Amortized cost | - | 38,342,731,995 | - | 38,342,731,995 |
Lease rental receivables at amortized cost | - | 24,173,323,963 | - | 24,173,323,963 |
Financial asset recognized through other comprehensive income | - | - | 175,800,654 | 175,800,654 |
Other financial assets | 566,898,746 | 566,898,746 | ||
7,105,707,321 | 69,464,174,563 | 175,800,654 | 76,745,682,538 | |
Liabilities | ||||
Due to Depositors | - | 36,524,836,317 | - | 36,524,836,317 |
Due to Banks | - | 30,341,711,845 | - | 30,341,711,845 |
Debt Securities Measured at amortised cost | 1,012,406,801 | |||
Other financial liabilities | 1,537,657,682 | 1,537,657,682 | ||
- | 69,416,612,645 | - | 68,404,205,844 | |
As at 31st March 2024
Financial assets recognized through profit or loss (FVTPL ) | Financial assets at amortized cost (AC) | Financial assets at fair value through other comprehensive income(FVOCI) | Total | |
Rs. | Rs. | Rs. | Rs. | |
Asset | ||||
Cash and cash equivalents | - | 1,037,507,757 | - | 1,037,507,757 |
Repurchase agreements | - | 962,606,909 | - | 962,606,909 |
Placement with banks and other financial institutions | - | 3,246,352,935 | - | 3,246,352,935 |
Financial asset recognized through profit or loss | 3,508,968,758 | - | - | 3,508,968,758 |
Loans and receivables-Amortized cost | - | 23,506,870,064 | - | 23,506,870,064 |
Lease rental receivables at amortized cost | - | 22,597,190,332 | - | 22,597,190,332 |
Financial asset recognized through other comprehensive income | - | - | 317,703,694 | 317,703,694 |
Other financial assets | 458,631,541 | 458,631,541 | ||
3,508,968,758 | 51,809,159,538 | 317,703,694 | 55,635,831,990 | |
Liabilities | ||||
Due to Depositors | - | 28,387,365,249 | - | 28,387,365,249 |
Due to Banks | - | 20,310,185,391 | - | 20,310,185,391 |
Derivative financial liabilities | - | 5,379,033 | - | 5,379,033 |
Other financial liabilities | 1,129,788,583 | 1,129,788,583 | ||
- | 49,832,718,256 | - | 49,832,718,256 |
10
Alliance Finance Company PLC |
SEGMENT REPORT - GROUP |
For the Year ended 31st March |
Revenue Segment results Unallocated company expenses Operating profit Interest expenses Share of profits of associates before tax Taxes on financial services Income taxe expenses Profit for the year As at 31st March Segment assets Investment in associates Other assets Total assets Segment liabilities Other liabilities Total liabilities | Leasing and Hire Purchase and Consumer Durable | Loans | Gold Loans | Other | Total | |||||
Rs. | Rs. 2025 2024 | Rs. 2025 2024 | Rs. 2025 2024 | Rs. 2025 2024 | ||||||
2025 | 2024 | |||||||||
8,132,507,976 6,905,808,438 (2,056,617,656) | 7,151,570,342 5,500,903,363 (2,978,400,246) | 3,487,060,793 3,193,258,384 (1,959,767,944) | 2,436,067,831 1,825,176,714 (1,740,484,937) | 2,906,987,523 2,563,209,202 (1,302,354,374) | 3,164,393,210 2,671,965,250 (1,357,730,268) | 1,305,153,834 1,257,375,726 (1,153,628,836) | 1,311,844,084 1,240,928,760 (1,209,825,054) | 15,831,710,127 13,919,651,750 (3,242,506,848) 10,677,144,901 (6,472,368,820) 18,905,234 (1,012,264,791) (1,394,595,018) | 14,063,875,468 11,238,974,087 (1,480,111,530) 9,758,862,557 (7,286,440,505) 18,031,098 (668,603,605) (813,288,033) | |
1,816,821,505 | 1,008,561,512 | |||||||||
24,173,323,963 22,192,465,996 | 22,597,806,537 20,179,606,515 | 23,034,959,985 19,315,660,377 | 13,205,458,850 10,950,638,005 | 15,307,772,010 12,836,129,321 | 10,301,411,294 8,542,454,094 | 13,559,663,724 12,382,683,037 | 9,179,220,554 7,611,876,415 | 76,075,719,681 138,316,858 5,880,685,482 | 55,283,897,235 128,484,547 5,109,116,810 | |
82,094,722,021 | 60,521,498,592 | |||||||||
66,726,938,731 5,647,917,073 | 47,284,575,029 4,809,942,313 | |||||||||
72,374,855,804 | 52,094,517,342 | |||||||||
11
Alliance Finance Company PLC |
Explanatory Notes |
1 | These Interim Financial Statements have been prepared in accordance with the requirements of Sri Lanka Accounting Standard -LKAS 34 on'Interim Financial Reporting'. |
2 | The accounting policies adopted in the preparation of these Interim Condensed Consolidated Financial Statements are consistent with those followed in the preparation of the Company's Annual Consolidated Financial Statements for the year ended 31 March 2024. |
3 | Expected Credit Loss Computation |
The Company's estimated Expected Credit Loss (ECL) was based on the Probability of Default (PD), Loss Given Default (LGD) and Economic Factor Adjustment (EFA) applying a range of forecasted economic conditions prevailed as at that date. | |
Given the uncertainty in the macroeconomic environment, an additional ECL impairment was made using a management overlay, alongside the modeled ECL impairment, to ensure that the overall ECL impairment is adequate to cover unforeseen risk factors in this volatile environment. The company will continue to monitor external developments and make further necessary adjustments to the management overlays in the future. | |
There is a net reversal of Rs.269 mn accounted for during the quarter ended 31 December 2023 resulting from an estimation change in the Expected Credit Loss computation on Individual impairment. However , The Company's Impairment provision (Expected Credit Loss allowance) is greater than the required provision as per the Central Bank Directions. |
4 | Going Concern |
In determining the basis of preparing the Financial Statements for the quarter ended 31st March 2025, the management has assessed the existing and anticipated effects of macro economic factor fluctuations on the Company and the management is in the view of appropriateness of the use of the going concern basis. |
5 | Contingent Liabilities and Commitements |
a. Financial guarantees Issued : As at 31st March 2025, the Company has provided financial guarantees totalling to LKR 14 Mn. b.Tax assessments issued by the Commissioner General of Inland revenue: For the year of assessment 2014/15, an additional income tax liability amounting to LKR 124.47 Mn was assessed, comprising LKR 88.5 Mn in income tax and LKR 35.97 Mn in interest. The company has appealed this assessment. While a determination has been issued by the Commissioner General of Inland Revenue, a final decision from the Tax Appeal Commission remains pending. For the taxable periods 2018/19 and 2020/21, the Commissioner General issued additional income tax assessment notices amounting to a total of LKR 820 Mn, consisting of LKR 537.9 Mn in income tax and LKR 282.1 Mn in interest. Furthermore, an additional surcharge tax assessment has been issued for the 2020/21 period, amounting to LKR 892.64 Mn, comprising LKR 628.6 Mn in surcharge tax and LKR 264.02 Mn in interest. Following a detailed assessment of the circumstances and the relevant tax legislation, management is of the view that there are strong and valid grounds to challenge these assessments. Accordingly, the company has initiated appeals seeking administrative review of the said assessments. |
There are no significant changes in the nature of the Contingent Liabilities other than disclosed above. |
6 | There were no other material events that took place since March 2025, that require disclosure in these Interim Financial Statements other than mentioned below. |
7 | During the quarter, there were no material changes in the composition of assets, liabilities and/or contingent liabilities, other than those disclosed above. |
8 | All known expenses including management fees and other similar expenses have been provided for the period ended 31st March 2025. |
12
Alliance Finance Company PLC
Explanatory Notes (Continued.)
9 Disclosure Regarding the utilization of fund as per the objectives stated the green bond issue prospectus
Objectives Stated in the Green Bond Issue ProspectusObjective Number | Objective as per Prospectus | Amount allocated as per Prospectus (LKR) | Proposed Date of allocation as per Prospectus | Amount allocated from proceeds (LKR) (A) | % of Total Proceeds | Amount utilized (LKR) (B) | % of utilization against allocation (B/A) | Clarification if not fully utilized including where the funds are invested |
1 | Financing rooftop solar energy installations to reduce greenhouse gas emissions and increase renewable energy in Sri Lanka's National grid. | 1,000 Mn (Maximum Issuance) | Over a period of 24 months from the Date of Allotment | 800 Mn | Approximately 80% | 59.6 Mn | 7.45% | Funds would be invested in cash equivalents, T-bills, T-bonds, or FDs (excluding greenhouse gas-intensive activities) at the prevailing rates at the time of investments. |
2 | Financing solar equipment vendors and suppliers to strengthen the supply chain for renewable energy projects, ensuring efficient implementation and growth of solar initiatives. | Over a period of 24 months from the Date of Allotment | 200 Mn | Approximately 20% | - | - |
Selected Performance Indicators | ||
31-Mar-25 | 31-Mar-24 | |
Capital Adequacy (%) | ||
Tier 1 Capital Adequacy Ratio (minimum 8.5%) | 11.60% | 12.07% |
Total Capital Adequacy Ratio (minimum 12.5%) | 16.06% | 14.38% |
Capital Funds to Deposit Liabilities Ratio | 25.33% | 25.35% |
Profitability (%) | ||
Return on average shareholders funds (before tax) | 35.32% | 22.51% |
Return on average assets (before tax) | 4.36% | 3.02% |
Liquidity ('000) Required Minimum Amount of Liquid Assets | 3,806,919 | 2,880,812 |
Available Amount of Liquid Assets | 6,687,674 | 3,958,986 |
Required Minimum Amount of Government Securities | 1,779,355 | 1,455,886 |
Available Amount of Government Securities | 5,565,572 | 3,292,629 |
Quality of Loan Portfolio (%) | ||
Gross Non-Performing Loans Ratio | 4.70% | 9.38% |
Net-Non-Performing Loans Ratio | 1.71% | 5.49% |
Other Ratios | ||
Debt to equity ratio (times) | 7.31 | 6.03 |
Interest cover (times) | 1.63 | 1.32 |
Liquid Asset Raio ratio (%) | 17.66% | 13.82% |
Note :-
In classifying non performing loans to performing loans as of 31 March 2025, the company has considered the extension given by the CBSL to adopt the section 4.3.1(i)of Direction No 1of 2020.
13
Alliance Finance Company PLC
Explanatory Notes (Continued.)
* Information on -Lised Debentures
Debenture Category | Interest Payable frequency | Effective Rate | Applicable Interest Rate | Interest Rate of comparative government securities (Gross) p.a% | Balance as at 31st March 2025 | Market Price LKR | Yield Last Traded % | ||
% | % | % | Highest | Lowest | Last Traded | N/T | |||
Listed, Rated, Guaranteed, Senior, Redeemable Green Bonds | Semi-annually | 11.03% | 10.75% p.a | 9.85% | 1,012,406,801 | N/T | N/T | N/T | |
*N/T=Not Traded
Shareholder's Information
Market price per share
215.00
156.50
180.50
2025
Quarter ended 01st January to 31st March
Highest Price Lowest Price Last Traded
Stated capital
No | Name of Director | No. of Shares |
1 | Mrs.G.S.T. Dharmakirti-Herath | 100 |
2 | Mr.R.K.E.P. de Silva | 12,423,830 |
3 | Mr.W.P.K. Jayawardana | 42,750 |
4 | Mr.M.J. Benedict | 1,000 |
5 | Mrs.P. De Silva | 100 |
6 | Mr.L.J.H. De Silva | 3,052 |
7 | Dr.D.L.I. Hettiarachchi | 100 |
8 | Mr.D.F.W. Perera | 363,243 |
9 | Dr.S.L.N. Wickramsooriya | 1,000 |
As at 31st March 2025, the Stated Capital was Rs. 613,980,000/- comprising of 33,696,000 ordinary shares issued. Directors'/ CEO's Holding in Shares as at 31st March 2025
2024
93.40
75.00
90.40
Twenty Largest Ordinary Shareholders as at 31st March 2025
No. Name of Shareholder No. of Shares %
1 Mr.R.K.E.P. de Silva | 12,423,830 | 36.87 | |
2 Motor Service Station (Pvt) Ltd., | 4,647,133 | 13.79 | |
3 Mrs D.M.E.P. Perera | 2,564,862 | 7.61 | |
4 Mr.D.F.W.S.K. Perera & Mr.D.F.W. Perera (Joint) | 1,483,984 | 4.40 | |
5 Orient Hotels Ltd., | 1,358,323 | 4.03 | |
6 Mrs.S.E. Canekeratne | 612,268 | 1.82 | |
7 J B Cocoshell (Pvt) Ltd. | 596,066 | 1.77 | |
8 Mr.D.L.S.R. Perera | 412,266 | 1.22 | |
9 Mrs.C.R. de Silva | 374,400 | 1.11 | |
10 Mr. D.F.W. Perera | 363,243 | 1.08 | |
11 Ms.D.C.M.A. Perera | 361,042 | 1.07 | |
12 Hatton National Bank PLC/Mr.K.K. Shujeevan | 334,434 | 0.99 | |
13 Ms.D.D.P.T. Perera | 319,384 | 0.95 | |
14 Mrs.P.N. Weththasinghe | 299,975 | 0.89 | |
15 Mr.G.P. Kapilasena | 201,180 | 0.60 | |
16 Mrs.K.G.G.S.L. Perera | 201,066 | 0.60 | |
17 Mrs.N.U. Silva | 172,105 | 0.51 | |
18 Mrs.C. Yogagopalakrishnan & Mrs.Y. Thirukumar | 155,920 | 0.46 | |
19 Mr.W.G.D.C. Ranaweera | 149,384 | 0.44 | |
20 Mr.D.L.S.R. Perera & Mrs. D.C.M.A Perera | 146,290 | 0.43 | |
14 |
Alliance Finance Company PLC |
Shareholders' Information |
Public Shareholding as at 31st March 2025
No of Shares | % |
11,904,575 | 35.33 |
No of Shareholders |
The percentage of ordinary shares held by the public as at 31st March was 35.33% and the number of shareholders representing the public holding was 1860. |
Float Adjusted Market Capitalization |
The Float adjusted market capitalization as at 31st March 2025 - Rs. 2,148,775,787.50 and the Company falls under Option 5 of Rule 7.13.1 (a), of the Listing Rules of the Colombo Stock Exchange and the Company has complied with the minimum public holding requirement applicable under the said option. |
15
Alliance Finance Company PLC |
Corporate Information |
Name of the Company |
Alliance Finance Company PLC |
Human Resources & Remuneration Committee |
Dr.Lasantha Hettiarachchi - Chairman |
Mrs.Tamara Dharmakirti Herath |
Mr.Hiran de Silva |
Statutory Status |
Quoted Public Limited Liability Company, Incorporated on 18th July 1956. Approved and registered under the Finance Business Act No.42 of 2011 and Finance Leasing Act No.56 of 2000. An approved Credit Agency under the Mortgage Act No.06 of 1949 and the Trust receipt Ordinance No.12 of 1947. |
Registered Office |
Alliance House, No.84, Ward Place, Colombo 07. |
Tel : 011 2673673 Fax: 011 2697205 |
e mail : info@alliancefinance.lk |
Nominations & Governance Committee |
Dr.Lasantha Hettiarachchi - Chairman |
Mrs.Tamara Dharmakirti Herath |
Mr.Hiran de Silva |
Board of Directors | Auditors |
Mrs.Tamara Dharmakirti Herath - Chairperson | M/s Deloitte Associates |
Mr. Romani de Silva - F.I.C.M.(SL) - Deputy Chairman / Managing Director | Chartered Accountants, |
No.100, Braybrooke Place | |
Mr.Kusal Jayawardana - CFA, MBA, ACMA. CGMA - Deputy Managing Director | Colombo 02. |
Mr. Michael Joseph Benedict - MBA, CMA, CMSLIM - Executive Director Recoveries | |
Mrs. Priyanthi de Silva - FCMA, CGMA, FCPA - Independent Non Executive Director | Bankers |
Sampath Bank PLC | |
Mr.Hiran de Silva -Non Independent Non Executive Director | Seylan Bank PLC |
Dr. Lasantha Ivers Hettiarachchi - LLM,DCL, Attorney at Law -Independent Non Executive Director | Public Bank Berhad |
People's Bank | |
Mr. Wiyan Perera - Bsc. (Econ) - Non Independent Non Executive Director | Hatton National Bank PLC |
Dr. Lasantha Wickremasooriya - DBA (Col), MBA (SRIJ) FICM,FABG -Non Independent Non Executive Director | Commercial Bank of Ceylon PLC |
Bank of Ceylon | |
Nations Trust Bank PLC | |
Company Secretary | Union Bank of Colombo PLC |
Priyanga P. Peiris | DFCC Bank PLC |
No. 84, Ward Place | NDB Bank PLC |
Colombo 07. | Cargills Bank |
Legal Consultants |
Gunawardene Associates |
Sudath Perera Associates |
Board Audit Committee |
Mrs. Priyanthi de Silva - Chairperson |
Mrs.Tamara Dharmakirti Herath |
Mr.Hiran de Silva |
Related Party Transaction Review Committee |
Dr.Lasantha Hettiarachchi - Chairman |
Mrs.Tamara Dharmakirti Herath |
Mr.Hiran de Silva |
Board Integrated Risk Management Committee |
Mrs. Priyanthi de Silva - Chairperson |
Mrs.Tamara Dharmakirti Herath |
Mr.Hiran de Silva |
Company Registration |
Registered under the Companies Act No.07 of 2007. |
Company Registration number PQ 93. |
16