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Financial reports

Statement of Changes in Equity – Group

(all amounts in Sri Lanka Rupees million)

  Attributable to owners of the Company
Notes Stated capital Insurance reserve Retained earnings Total equity Non-controlling interest Total equity
Balance as at 1 January 2017 18,049 680 49,858 68,587 91 68,678
Non-controlling interest 4 4
Total comprehensive income for the year
Net profit for the year 2017 3,940 3,940 3,940
Other comprehensive income
Defined benefit plan
actuarial (loss)/gain, net of tax
388 388 388
Total other comprehensive income 388 388 388
Total comprehensive income for the year 4,328 4,328 4 4,332
Transactions with owners, recorded directly in equity
contribution by and distribution to owners
Dividends to equity share holders (1,606) (1,606) (1,606)
Insurance reserve
Transfer to insurance reserve 27 11 (11)
Balance as at 31 December 2017 18,049 691 52,569 71,309 95 71,404
Notes Attributable to owners of the Company
Stated capital Insurance reserve Hedging reserve Retained earnings Total equity Non-controlling interest Total equity
Balance as at 1 January 2018 18,049 691 52,569 71,309 95 71,404
SLFRS 15 Adjustment (467) (467) (467)
Non-controlling interest 1 1
Total comprehensive income for the year
Net profit for the year 2018 4,948 4,948 4,948
Other comprehensive income
Net movement on cash flow hedges (672) (672) (672)
Defined benefit plan
actuarial (loss)/gain, net of tax
112 112 112
Total Other comprehensive income 112 (560) (560)
Total comprehensive income for the year 5,060 4,388 4,388
Transactions with owners,
recorded directly in equity
contribution by and distribution to owners
Dividends to equity shareholders (1,606) (1,606) (1,606)
Insurance reserve
Transfer to insurance reserve 27 100 (100)
Balance as at 31 December 2018 18,049 791 (672) 55,456 73,624 96 73,720

The Notes form an integral part of these Financial Statements.