Ceylinco Life Insurance Limited
INTEGRATED ANNUAL REPORT 2016

FINANCIAL REPORTS

statement of changes in equity
Attributable to Equity Holders of the Parent
Group Note Stated
Capital

Rs. ’000
Special
Reserve

Rs. ’000
Revaluation
Reserves

Rs. ’000
Retained
Earnings

Rs. ’000
Available-for-
Sale Reserve

Rs. ’000
Total Ordinary
Shareholders’
Equity
Rs. ’000
Non-
Controlling
Interests
Rs. ’000
Total
Equity

Rs. ’000
Balance as at 1 January 2015 100,001 792,925 621,273 5,900 1,520,099 6,276 1,526,375
Profit for the Year 2,132,214 2,132,214 50 2,132,264
Other Comprehensive Income for the Year (160,672) (98,563) (259,235) (259,235)
Total Comprehensive Income for the Year 1,971,542 (98,563) 1,872,979 50 1,873,029
Issue of Shares 400,000 400,000 400,000
Final Dividend of Parent Company (250) (250) (250)
Changes in Associate Ownership 90,891 90,891 90,891
Special Reserve Recognised Due to the Segregation of Composite Insurance Companies 6,518,726 6,518,726 6,518,726
Balance as at 31 December 2015 500,001 7,311,651 2,683,456 (92,663) 10,402,445 6,326 10,408,770
Net Profit for the Year 3,291,611 3,291,611 138 3,291,749
Other Comprehensive Income for the Year 1,866,057 (224,944) 27,001 1.668.113 1.668.113
Total Comprehensive Income for the Year 1,866,057 3,066,667 27,001 4,959,724 138 4,959,862
Final Dividend Paid – 2015 37 (312,500) (312,500) (312,500)
Interim Dividend Paid – 2016 37 (271,125) (271,125) (271,125)
Transferred to Long Term Insurance Fund (1,589,573) 71,504 (1,518,069) (1,518,069)
Change in Associate Ownership 14,288 (962) 18,370 31,696 31,696
Balance as at 31 December 2016 500,001 7,311,651 290,772 5,165,536 24,212 13,292,172 6,464 13,298,635
Company Note Stated
Capital

Rs. ’000
Special
Reserve

Rs. ’000
Revaluation
Reserves

Rs.’000
Retained
Earnings

Rs.’000
Available-for-
Sale Reserve

Rs.’000
Total Ordinary
Shareholders’
Equity
Rs.’000
Total
Equity

Rs.’000
Balance as at 1 January 2015 100,001 2,167 102,167 102,167
Profit for the Year 1,901,286 1,901,286 1,901,286
Other Comprehensive Income for the Year (169,922) (98,563) (268,485) (268,485)
Total Comprehensive Income for the Year 1,731,364 (98,563) 1,632,801 1,632,801
Shares Issued During the period 400,000 400,000 400,000
Final Dividend Paid (250) (250) (250)
Special Revenue Recognised due to the Segregation of Composite Insurance Companies 7,311,651 7,311,651 7,311,651
Balance as at 31 December 2015 500,001 7,311,651 1,733,281 (98,563) 9,446,368 9,446,368
Net Profit for the Year 3,079,041 3,079,041 3,079,041
Other Comprehensive Income for the Year 1,683,677 (224,944) 27,001 1,485,733 1,485,733
Total Comprehensive Income for the Year 1,683,677 2,854,097 27,001 4,564,775 4,564,775
Final Dividend Paid – 2015 37 (312,500) (312,500) (312,500)
Interim Dividend Paid – 2016 37 (271,125) (271,125) (271,125)
Transferred to Long Term Insurance Fund (1,589,193) 71,504 (1,515,689) (1,515,689)
Balance as at 31 December 2016 500,001 7,311,651 96,484 4,003,753 (60) 11,911,829 11,911,829