Deutsche Bank
Colombo Branch
No. 86 Galle Road, Colombo 3
Tel + 94-11-2447062, Fax+ 94-11-2447067
Financial Statements for the period ending 31st March, 2015
Summarised Income Statement
Item
Interest Income
Less: Interest Expenses
Net Interest Income
Fee and commission income
Less: Fee and commission Expense
Net fee and commission income
Net gain/(loss) from trading
Net gain/(loss) from financial instrument
designated at fair value through profit or loss
Net gain/(loss) from financial investments
Other Operating income (net)
Total operating income
Less:
Impairment for loans and other losses
Individual impairment
Collective impairment
Others
Net operating income
Personal expenses
Depreciation and amortisation
Other Expenses
Operating profit/(loss) before VAT
Less: Value added tax (VAT) on financial services
Operating profit/(loss) after VAT
Share of profits of associates and joint ventures
Previous
Period from
01.01.14 to
31.03.14
(Rs. ‘000)
Previous
Period from
01.01.14 to
31.03.14
(EUR m)
Current
Period from
01.01.15 to
31.03.15
(EUR m)
511,585
74,037
437,548
215,548
6,693
208,855
331,558
695,218
82,721
612,497
240,691
7,151
233,540
296,651
6,457
2,247
4,210
2,914
-
6,246
2,871
3,375
3,038
-
15,419
993,380
25,028
1,167,717
2,495
386
370
10,375
1,616
227
136
8,392
9,994
(1,887)
1,165,830
105,452
9,303
310,131
740,943
101,872
639,071
-
1,003,374
106,568
9,492
254,316
632,997
53,328
579,669
-
97
121
10,157
3,433
124
5,121
1,479
1,479
-
103
144
8,145
3,349
708
2,410
1,680
1,680
-
Profit before corporate tax
Less: Tax expenses
Profit for the period.
579,669
156,791
422,878
639,071
228,730
410,341
1,479
920
559
1,680
577
1,103
Profit Attributable to:
Owners of the parent
Non-controlling interest
422,878
-
410,341
-
543
16
1,083
20
-
-
Euro
0.39
0.38
Euro
1.01
0.98
Earnings per share on profit
Basic earnings per ordinary share
Diluted earnings per ordinary share
Statement of Comprehensive Income for the Period ended 31st March 2015
Rs. ‘000
Item
Rs. ‘000
EUR m
EUR m
Profit for the period
422,878
Other Comprehensive income, net of tax
Changes in revaluation surplus
Remeasurement gains/(losses) related to
defined benefit plans, before tax
Foreign currency translation
Gains and losses on re-measuring
available-for-sale assets
(132,247)
Gains and losses on cash flow hedges
Asset classified as held for sale-Unrealised net gains
(Loss) arising during the period, before tax
Equity Method Investment-Net gains
(Loss) arising during the period
Less: Tax expense/(income) relating to components of
other comprehensive income
Other comprehensive income for the year net of taxes (132,247)
Total comprehensive income for the period
290,632
410,341
559
1,103
-
-
-
-
4
3
44,244
454,584
150
4,135
4,695
10
158
1,262
Attributable to:
Owners of the parent
Non-controlling interests
454,584
-
4,651
44
1,241
21
-
290,632
-
(188)
3,642
28
(131)
44,244
-
526
1
254
(7)
-
-
1
Statement of Financial Position
Deutsche Bank Group
Deutsche Bank Colombo Branch
Item
Previous
Period as at
31.12.14
(Rs. ‘000)
Audited
Current
Period as at
31.03.15
(Rs. ‘000)
Assets
Cash and cash equivalents
Balances with Central Banks
Placement with Banks
Derivative financial instruments
Other Financial Assets held for trading
Financial Assets designated at fair
value through profit and loss
Group balances receivable
Loans and receivables to banks
Loans and receivables to other customers
Financial investments - available for sale
Financial investments - held to maturity
Investments in subsidiaries
Investments in associates and joint ventures
Property, plant and equipment
Investment properties
Goodwill and intangible assets
Tax assets
Other assets
Total Assets
492,358
19,578,750
253,030
6,336,526
1). Loans and Receivables to Other Customers
Deutsche Bank Group
Deutsche Bank Colombo Branch
Current
Period from
01.01.15 to
31.03.15
(Rs. ‘000)
Previous
Period as at
31.12.14
(EUR m)
Audited
Current
Period as at
31.03.15
(EUR m)
2,935,395
13,032,443
123,536
7,329,047
21,645
23,393
70,659
746,084
-
20,055
17,796
63,518
629,958
-
1,261,126
6,740,259
4,882,691
90,411
22,054
2,048,917
41,706,121
516,641
9,019,578
6,383,941
90,354
22,054
1,620,479
41,073,468
372,510
428,548
72,336
4,916
2,914
15,802
9,100
187,557
1,955,465
338,800
405,612
64,297
4,143
2,909
14,951
8,684
137,980
1,708,703
Liabilities
Due to banks
Derivative financial instruments
Other Financial liabilities held for trading
Financial liabilities designated at fair
value through profit and loss
Due to other customers
Other borrowings
Debt securities issued
Current tax liabilities
Deferred tax liabilities
Other provisions
Other liabilities
Group balances payable
Subordinated term debts/Other long term debt
Total liabilities
442,971
224,905
-
116,675
-
724,120
-
610,202
-
14,244,861
266,600
248,545
122,057
128,000
14,264,413
1,248,958
31,191,310
14,666,992
350,300
259,804
122,057
355,317
13,621,404
1,387,742
30,880,291
105,225
572,921
59,154
3,068
8,824
238,723
165,498
1,877,533
87,497
532,931
56,157
2,783
6,677
183,823
155,410
1,635,481
Equity
Stated capital/Assigned capital
Statutory reserve fund
Retained earnings
Other reserves
Total shareholders equity
Additional equity components
Non-controlling interest
Total equity
Total equity and liabilities
4,410,461
486,930
3,617,154
2,000,266
10,514,811
10,514,811
41,706,121
4,410,461
486,930
3,194,276
2,101,510
10,193,177
10,193,177
41,073,468
37,126
29,862
5,989
72,977
4,665
288
77,932
1,955,465
231,999
37,149
29,279
1,923
68,351
4,619
253
73,223
1,708,703
216,533
For the period
ended
31/03/15
(Rs. ‘000)
Item
Cash flows from operating activities
Profit before tax
Adjustment for
Non-cash items included in profit before tax
Change in operating assets
Change in operating liabilities
Tax paid
Others
Contingent liabilities and commitments
19,565,128
Cash flows from financing activities
Interest paid on subordinated debt
Profit transfer to head office
Net cash from financing activities
639,071
146,265
(3,166,885)
314,296
(168,049)
(138,784)
192,495
(6,571,705)
6,787,953
120,968
(4,751)
(2,433,488)
1,164,031
(9,549)
(9,549)
(119)
(119)
19,520,808
94
97
1
98,615
1
(Less): Individual impairment charges
Cash and cash equivalents at the end of the period
492,358
Net loans and receivables including those designated
March 31, 2015
Net income
Net profit before Tax
Cash flows from operating activities:
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Provision for credit losses
Restructuring activities
Gain on sale of financial assets available for sale, equity method investments, and other
Deferred income taxes, net
Impairment, depreciation and other amortization, and accretion
Share of net income (loss) from equity method investments
Retained
Earnings
4,410,461
-
486,930
-
3,194,276
422,878
income (net of tax)
Acturial loss in defined benefits plan
Total comprehensive income
-
-
-
for the period
Transactions recognised
-
-
422,878
-
-
-
translation of income & reserve
Profit transfer to Head Office
Transfer to Investment Fund Account
Other Reserves
Balance as at 31st March 2015
4,410,461
486,930
3,617,154
Available for
Sale Reserves
141,774
-
Exchange
Equalization
of Capital
fair value through profit or loss
Net loans and receivables
-
-
6,740,259
9,019,578
Deutsche Bank Colombo
Current Period Previous Period
as at
as at
31st Mar. 2015 31st Dec. 2014
In Rupees Thousand
203,680
297,138
By product - Domestic Currency
500,818
Overdrafts
1,103
1,641,657
2,227,924
46,100
175,716
145,401
143,691
Supplier Finance
1,914,716
1,814,556
Sub Total
3,747,874
4,361,887
By product - Foreign Currency
Overdrafts
Supplier Finance
246
56
(101)
332
708
(154)
1,022
2,190
7,234
(12,369)
(4,673)
(16,155)
(45,208)
33,399
4,085
5,891
(4,649)
48,515
11,657
(4,459)
(4,856)
4,640
(3,769)
(61,961)
(11,516)
5,169
508
(4,701)
54,158
1,077
(1,563)
(8,178)
19,008
20,972
(1,280)
(3,828)
3,280
1,643
6
2
3,331
3,168
4
4
864,417
967,610
19,745
3,751,040
Trade Finance
2,162,046
-
Sub Total
3,046,208
4,718,650
Gross Total
6,794,082
9,080,537
3). Movements in Individual and Collective Impairment during the period for
Loans and Receivables to Other Customers
Deutsche Bank Colombo
Current Period Previous Period
as at
as at
31st Mar. 2015 31st Dec. 2014
In Rupees Thousand
Individual impairment charges
Opening balance as at 1st January
-
-
Charge/(Write back) to income statement
-
-
Write off during the year
-
-
Other movements
-
-
-
-
Opening balance as at 1st January
60,959
68,018
Charge/(Write back) to income statement
(7,135)
(7,059 )
Closing balance
Collective impairment charges
Other movements
(9,100)
(45)
(97)
(277)
(4,588)
(9,157)
(42)
(112)
333
(163)
(2,634)
1,460
(855)
393
(4,040)
(2,641)
2,405
46
(9)
(3,241)
2,561
13,740
51,960
65,699
4
(1,364)
48
(1,582)
(3,542)
3,139
16
(3,281)
110
(9,633)
56,041
46,407
222
2,457
6,406
12
3,403
6,496
-
21,645
16,433
44,055
65,700
29,973
46,406
-
Closing balance
53,823
60,959
Total impairment
53,823
60,959
4). Due to Other Customers - By Product
Deutsche Bank Colombo
Current Period Previous Period
as at
as at
31st Mar. 2015 31st Dec. 2014
In Rupees Thousand
By product - Domestic Currency
Demand deposits (current accounts)
6,079,679
4,510,501
Saving deposits
2,809,337
4,316,782
Margin Deposits
5,075
13,444
Fixed
2,203,175
1,827,127
Sub Total
11,097,267
10,667,854
2,743,328
3,772,006
By product - Foreign Currency
Demand deposits (current accounts)
Saving deposits
Margin Deposits
-
-
10,726
11,355
Fixed
393,540
215,776
Sub Total
3,147,593
3,999,137
14,244,861
14,666,992
Total
As at 31st March 2015
Loans and
Receivables (L&R)
Held for
Trading (HFT)
As at 31st December 2014
Available for
Sale (AFS)
Total
Loans and
Held for
Receivables (L&R) Trading (HFT)
Available for
Sale (AFS)
Total
Assets
Cash and cash equivalents
Balances with central banks
Placements with banks
Derivative financial instruments
Other financial assets held-for-trading
Loans and receivables to other customers
Financial investments – Available-for-sale
492,358
19,578,750
6,740,259
-
253,030
6,336,526
-
4,882,691
492,358
19,578,750
253,030
6,336,526
6,740,259
4,882,691
2,935,395
13,032,443
9,019,578
-
123,536
7,329,047
-
2,935,395
- 13,032,443
123,536
7,329,047
9,019,578
6,383,942
6,383,942
Total financial assets
26,811,367
6,589,556
4,882,691
38,283,614
24,987,416
7,452,583
6,383,942 38,823,942
Deutsche Bank Colombo AG Branch, Analysis of Financial Instrument by measurement basis
As at 31st March 2015
In Rs. ‘000
Deposits at
amortised cost
Held for
Trading (HFT)
As at 31st December 2014
Total
Deposits at
amortised cost
Held for
Trading (HFT)
Total
Liabilities
Derivative financial instruments
Due to other customers
-
224,905
224,905
-
116,675
116,675
14,244,861
-
14,244,861
14,666,992
-
14,666,992
-
266,600
266,600
-
350,300
350,300
Subordinated term debt
1,248,958
-
1,248,958
1,387,741
-
1,387,741
Total financial liabilities
15,493,819
491,505
15,985,324
16,054,733
466,975
16,521,708
Selected Performance Indicators
DB Group - Long Term Rating 2015
Moody's Investors Service
Fitch Ratings
2014
A3
A3
A
A
A+
A+
Deutsche Bank Colombo Branch
Current
Period
as at
31.03.15
(Rs. ‘000)
Item
2,814
Exchange
Equalization
Reserves
-
March 31, 2014
218
23
(209)
506
124
(199)
In Rs. ‘000
Regulatory Capital Adequacy
Core Capital (Tier 1 Capital),
Total Capital Base
Core Capital Adequacy Ratio, as a
% of Risk Weighted Assets
(Minimum Requirement, 5%)
Total Capital Adequacy Ratio, as a
% of Risk Weighted Assets
(Minimum Requirement, 10%)
Other Reserves
Statutory
Reserves
9,019,578
-
Less: Loans and receivables designated at
Staff Loans
559
Income adjusted for noncash charges, credits and other items
Adjustments for net change in operating assets and liabilities:
Interest-earning time deposits with banks
Central bank funds sold, securities purchased under resale agreements, securities borrowed
Financial assets designated at fair value through profit or loss
Loans
Other assets
Deposits
Financial liabilities designated at fair value through profit or loss and investment contract liabilities
Central bank funds purchased, securities sold under repurchase agreements and securities loaned
Other short-term borrowings
Other liabilities
Senior long-term debt
Trading assets and liabilities, positive and negative market values from derivative financial
instruments, net
Other, net
Net cash provided by (used in) operating activities
Cash flows from investing activities:
Proceeds from:
Sale of financial assets available for sale
Maturities of financial assets available for sale
Sale of equity method investments
Sale of property and equipment
Purchase of:
Financial assets available for sale
Equity method investments
Property and equipment
Net cash received in (paid for) business combinations/divestitures
Other, net
Net cash provided by (used in) investing activities
Cash flows from financing activities:
Issuances of subordinated long-term debt
Repayments and extinguishments of subordinated long-term debt
Issuances of trust preferred securities
Repayments and extinguishments of trust preferred securities
Common shares issued
Purchases of treasury shares
Sale of treasury shares
Net proceeds from Additional Equity Components
Dividends paid to non-controlling interests
Net change in non-controlling interests
Cash dividends paid
Net cash provided by (used in) financing activities
Net effect of exchange rate changes on cash and cash equivalents
Net increase (decrease) in cash and cash equivalents
Cash and cash equivalents at beginning of period
Cash and cash equivalents at end of period
Net cash provided by (used in) operating activities include
Income taxes paid, net
Interest paid
Interest and dividends received
Cash and cash equivalents comprise
Cash and due from banks
Interest-earning demand deposits with banks (not included: time deposits of € 28,605
million as of March 31, 2015, and
€43,719 million as of March 31, 2014)
Total
(60,959 )
6,740,259
at fair value through profit or loss
Deutsche Bank Group - Consolidated Statement of Cash Flows
In € m.
-
(53,823)
Trade Finance
Deutsche Bank AG. Colombo Branch, Statement of Changes in Equity for the Period Ended 31st March 2015 - in Rs. '000
Assigned
Capital
-
Collective impairment charges
(960,232)
(960,232)
(2,443,037)
2,935,395
9,080,537
5). Deutsche Bank Colombo AG Branch, Analysis of Financial Instrument by measurement basis
98,138
2,807
6,794,082
2). Loans and Receivables to Other Customers - By product
-
Net increase/(decrease) in cash & cash equivalents
Cash and cash equivalents at the beginning of the period
Standard & Poor's
Number of Branches
directly in equity
Transfer to reserve fund
Exchange rate equalization of capital
Exchange rate effect of currency
579,669
Net cash generated from operating activities
Cash flows from investing activities
Purchase of property, plant and equipment
Dividend received from investments
Net cash (used in) from investing activities
Deutsche Bank Colombo
Current Period Previous Period
as at
as at
31st Mar. 2015 31st Dec. 2014
For the period
In Rupees Thousand
ended
31/03/14
(Rs. ‘000)
Gross loans and receivables
Other borrowings
Memorandum Information
Number of Employees
Balance as at 01st January 2015
Profit for the period
Other comprehensive
Additional Quarterly Disclosures
Statement of Cash Flows - Deutsche Bank Colombo Branch
Investment
Fund Account
Special
Reserves
Total
Equity
Total Other
Reserves
148,827
-
30,033
-
-
1,780,876
-
2,101,510
-
(132,247)
-
-
-
-
-
(132,247 )
-
(132,247)
-
-
-
-
(132,247)
290,632
-
-
-
-
-
-
-
9,528
13,774
162,601
17,228
47,261
-
1,780,876
31,002
2,000,266
31,002
10,514,811
-
Assets Quality (Quality of Loan Portfolio)
Gross Non-Performing Advances Ratio,
% (net Interest in Suspense)
Net Non-Performing Advances Ratio,
% (net of Interest in Suspense and Provision)
10,193,177
422,878
(132,247 )
-
Profitability
Interest Margin, %
Return on Assets (before Tax), %
Return on Equity, %
Regulatory Liquidity
Statutory Liquid Assets
Statutory Liquid Assets Ratio,%
(Minimum requirement 20 %)
Domestic Banking unit
Off-Shore Banking unit
Deutsche Bank Group
Previous
Period
as at
31.12.14
(Rs. ‘000)
9,850,490
10,346,661
9,850,490
10,404,048
53.74%
45.97%
56.45%
48.56%
0.00%
0.00%
0.00%
0.00%
4.42%
5.86%
16.32%
5.97%
5.46%
14.29%
30,918,394
28,962,054
110.81%
97.87%
96.17%
68.69%
Current
Period
as at
31.03.15
(EUR bn)
Common Equity Tier 1 capital
Total regulatory capital
CET1 capital ratio
Tier I capital ratio
Total regulatory capital ratio
Post Tax return on Active equity
47
64
11.1%
12.2%
14.8%
3.1%
Previous
Period
as at
31.12.14
(EUR bn)
46
63
11.7%
12.9%
16.0%
2.7%
Deutsche Bank AG Group Consolidated Statement of Changes in Equity - in Euro M
For the period ending
31.03.2015
Common
shares
(no par
value)
Balance as at 01st January 2015
3,531
Total comprehensive income net of tax
Common shares issued
Cash dividends paid
Remeasurement gain (losses) related
to defined benefit plans, net of tax
Net change in share awards in
the reporting period
Treasury shares distributed under
share-based compensation plans
Tax benefits related to
share-based compensation plans
Addition in Equity classified as obligation
to purchase common shares
Deduction from Equity classified as
obligation to purchase common shares
Option premiums and other effects from
options on common shares
Purchase of treasury shares
Sale of treasury shares
Net gains (losses) on treasury shares sold
Other
Balance as at 31st March 2015
3,531
Additional
paid in
capital
Retained
earnings
33,626
-
29,279
543
-
-
41
(36)
-
Common
shares in
treasury,
at cost
Equity
classified as
obligation to
purchase
common
shares
Unrealised
net gains
(losses)
on fin
assets afs,
net of tax
& other
Unrealized
net gains
(losses) on
derivatives
hedging
variability of
cash flows,
net of tax
Unrealized
net gains
(losses) on
assets
classified
as held
or sale,
net of tax
Foreign
currency
translation
net of tax
Unrealized
net gains
(losses) from
equity method
investments
Additional
Non
Accumulated Total
shareholder’s equity
controlling
other
components interest
comprehensive equity
income
(loss) net
of tax
Deutsche Bank Group Consolidated have been extracted from the Deutsche Bank Group financial statements, which were
prepared based on IFRSs as adopted by the EU, and additional requirements of German Commercial Law.
Total
Equity
Certification:
We, the undersigned, being the Chief Country Officer and Head of Finance of Deutsche Bank AG, Sri Lanka certify
jointly that:-
(8)
-
-
1,675
412
-
79
-
-
152
3,650
-
18
4
-
1,923
4,066
-
68,353
4,609
-
4,619
-
253
44
-
73,223
4,653
-
-
-
-
-
-
-
-
-
41
-
-
41
-
-
-
-
-
-
-
-
-
(36)
-
-
(36)
-
234
-
-
-
-
-
-
-
234
-
-
234
22
22
-
-
-
-
-
-
-
-
-
22
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
(34)
1
28
33,607
29,862
-
2,086
79
-
3,803
22
5,989
(34)
(2,641)
2,403
1
28
72,980
46
4,665
(2,641)
2,403
(12)
(b) the information contained in these statements have been extracted from un-audited financial statements of the bank unless
indicated as audited.
-
(9)
288
(a) the above statements have been prepared in compliance with the format and definitions prescribed by the Central
Bank of Sri Lanka
(34)
(2,641)
2,403
1
66
77,932
(Sgd.) Rohan Rodrigo
Chief Country Officer
17th April, 2015
(Sgd.) Evelyn Mohamed
Head of Finance
17th April, 2015