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CITIBANK, N. A. COLOMBO, SRI LANKA
Rated ‘AAA (lka)’ by Fitch Ratings Lanka Ltd.
Rupees
Thousands
INCOME STATEMENT
Rupees
Thousands
STATEMENT OF CASH FLOWS
CURRENT PERIOD
PREVIOUS PERIOD
CURRENT PERIOD
PREVIOUS PERIOD
01/01/15 to 30/09/15
01/01/14 to 30/09/14
30/09/15
31/12/14
1,316,641
1,432,359
Interest expenses
316,730
428,563
Net interest income
999,911
1,003,796
CASH FLOWS FROM OPERATING ACTIVITIES
Interest income
Fee and commission income
Fee and commission expenses
Net fee and commission income
Net Interest, fee and commission income
429,064
405,794
53,130
43,837
375,934
361,957
1,375,845
1,365,753
Interest & commision receipts
1,236,101
Interest & commision payments
2,517,297
(313,334 )
Receipts from other Operating Activities
(624,002 )
1,401,399
Cash Payment to Employees.
538,300
(385,798 )
Other Overhead Expenses
(483,912 )
(706,688 )
Operating Profit before changes in Operating Assets & Liabilities
(801,659 )
1,231,680
1,146,024
(Increase)/Decrease in Operating Assets
Net gain/(loss) from trading
603,206
327,127
-
-
422,259
364,539
2,401,310
2,057,419
Net gain/(loss) from financial investments
Other operating income (net)
Total operating income
Less: Impairment Charge/(reversal) for loans and other losses
31,253
Net operating income
Loans and receivables to other customers and banks
Placements with Bank
Other expenses
Operating profit/(loss) before Value Added Tax (VAT)
21,253
465,301
469,735
1,497,501
1,221,419
150,563
59,277
1,346,938
1,162,142
-
-
1,346,938
1,162,142
441,649
409,238
Less: Value Added Tax (VAT) on financial services
Operating profit/(loss) after Value Added Tax (VAT)
366,072
21,457
Share of profits of associates and joint ventures
Profit/(loss) before tax
Less: Tax expenses
Profit/(loss) for the year
905,289
(4,395,749 )
(274,131 )
14,658
1,614,955
2,078,479
385,798
(99,243 )
1,687,110
Other Assets
(4,668,409 )
Increase/(Decrease) in Operating Liabilities
Less: Operating Expenses
Personnel expenses
(188,074 )
(148,759 )
(21,060 )
2,370,057
Depreciation
350,735
Deposits held for regulatory purposes
Deposits from Customers and Banks
(786,958 )
5,862,571
Other Borrowings
(214,840 )
(1,096,972 )
Other Liabilities
Net Cash Generated from/(used in) Operating Activities before taxes
Income Tax Paid
294,531
27,951
2,139,368
1,271,166
(243,870 )
Net Cash Generated from/(used in) Operating Activities
(540,101 )
1,895,498
731,065
(1,921,576 )
860,541
CASH FLOWS FROM INVESTING ACTIVITIES
Net proceeds from Sale, Maturity, and Purchases of Financial Investments
Purchase of Property, Plant & Equipment
(8,521 )
Proceeds from Sale of Property, Plant & Equipment
752,904
(41,799 )
873
Net Cash used in Investing Activities
16,178
(1,929,224 )
834,920
Profit attributable to:
Owners of the parent
905,289
Non-controlling interests
752,904
-
-
905,289
752,904
CASH FLOWS FROM FINANCING ACTIVITIES
Effect of Currency Translation
159,035
Profit remittance to Head Office
Earnings per share on profit
-
Net Cash Generated from/(used in) Financing Activities
-
Rupees
Thousands
STATEMENT OF COMPREHENSIVE INCOME
Net Increase/(Decrease) in Cash & Cash Equivalents
Cash & Cash Equivalents at the Beginning of the Year
Cash & Cash Equivalents at the End of the Year
CURRENT PERIOD
PREVIOUS PERIOD
From 01/01/15 to
30/09/15
From 01/01/14 to
30/09/14
905,289
752,904
(149,659 )
115,832
-
159,035
23,296
125,309
1,589,281
3,392,735
1,803,454
3,518,043
3,392,735
Reconciliation of Cash & Cash Equivalents
Cash in hand
Profit/(loss) for the year
23,296
-
Balances with banks
Money at call and short notice
475,024
450,685
2,945,214
2,830,114
97,805
111,936
3,518,043
3,392,735
Other comprehensive income, net of tax
Gains and losses on re-measuring available-for-sale financial assets
Net amount transferd to profit or loss on available-for-sale financial assets
159,035
920
Less: Tax expense/(income) relating to components of other comprehensive income
-
-
Other comprehensive income for the year, net of taxes
-
-
Total comprehensive income for the year
9,376
116,752
914,665
869,656
914,665
869,656
SUPPLEMENTARY INFORMATION _ CITIGROUP
Attributable to:
Owners of the parent
Non-controlling interests
Rupees
Thousands
STATEMENT OF FINANCIAL POSITION
PREVIOUS PERIOD
Nine Months
2014
(Unaudited)
CURRENT PERIOD
Nine Months
2015
(Unaudited)
(In millions of dollars, except per share
amounts and as otherwise noted)
Revenues, net of interest expense
$
57,898
$
Provisions for credit losses and for benefits and claims
$
5,399
$
5,454
Income from continuing operations before income taxes
$
20,018
$
13,241
Citigroup's net income
$
13,907
$
6,966
Income from continuing operations
$
4.38
$
Net income
$
4.38
$
Diluted earnings per share
CURRENT PERIOD
PREVIOUS PERIOD
As at 30/09/15
(Unaudited)
As at 31/12/14
(Audited)
59,320
Rupees
Thousands
2.14
2.14
Shares (in millions)
Weighted average common shares outstanding
3,015.8
3,033.5
Adjusted weighted average common shares outstanding
3,020.4
3,038.8
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 banks
3,518,043
3,392,735
662,786
514,027
5,334,150
7,021,260
810,595
274,739
8,175,115
6,287,009
292,048
3,011,900
Loans and receivables to other customers
10,535,932
8,166,815
Financial investments – Available-for-sale
4,637,862
5,140,248
Property, plant and equipment
85,933
82,526
Deferred tax assets
20,877
20,877
Other assets
760,365
370,618
Total assets
34,833,706
34,282,754
PREVIOUS PERIOD
3Q
2014
(Unaudited)
CURRENT PERIOD
3Q
2015
(Unaudited)
Performance Metrics
Return on average common stockholders' equity
(1)
8.0%
5.3%
Basel III Ratios - Full Implementation
Common Equiy Tier 1 Capital
Tier 1 Capital
Total Capital
(2)
(2)
(2)
Supplementary Leverage Ratio
(3)
11.67%
10.64%
12.91%
11.41%
14.60%
12.76%
6.85%
5.98%
1,808,356
$ 1,882,505
Liabilities
Due to banks
Derivative financial instruments
Due to other customers
Other Borrowings
1,500,000
1,104,726
624,527
218,594
18,599,135
19,386,093
1,147,118
2,163,165
Current tax liabilities
672,899
329,345
Other liabilities
999,903
705,372
23,543,582
23,907,295
1,524,250
1,524,250
Total liabilities
At September 30:
Total assets
$
Total deposits (4)
904,243
942,655
Total Citigroup stockholders' equity
220,848
211,928
Book value per common share
$
Equity
Tangible book value per share (5)
Stated capital/Assigned capital
Statutory reserve fund
Retained earnings
Other reserves
485,766
485,766
8,668,372
7,763,083
611,736
602,360
Total equity
11,290,124
10,375,459
Total equity and liabilities
34,833,706
34,282,754
Contingent liabilities and commitments
14,048,853
13,954,143
88
85
1
1
Number of emoloyees
$
$
66.99
December 31,
2014
60.07
$
56.71
(1) The return on average common stockholders' equity is calculated using net income less preferred stock dividends divided by average common
stockholders' equity.
(2) Capital ratios based on the U.S. Basel III rules, with full implementation assumed for capital components; risk-weighted assets based on the Advanced
Approaches for determining total risk-weighted assets.
(3) Citi's Supplementary Leverage Ratio (SLR) is based on the U.S. Basel III rules, on a fully-implemented basis. Citi's SLR represents the ratio of Tier 1
Capital to Total Leverage Exposure (TLE). TLE is the sum of the daily average of on-balance sheet assets for the quarter and the average of certain offbalance sheet exposures calculated as of the last day of each month in the quarter, less applicable Tier 1 Capital deduction.
(4) Reflects reclassification of approximately $21 billion of deposits to held-for-sale (Other liabilities) as a result of the agreement in December 2014 to sell
Citi's retail banking business in Japan.
(5) Tangible book value represents tangible common equity (TCE) at September 30, 2015 divided by common shares outstanding. TCE represents common
equity less goodwill and other intangible assets (Other than MSRs).
Memorandum information
Number of branches
69.03
September 30,
2015
Supplementary Citigroup information has been extracted from interim financials available on www.citibank.com/citi/investor/sec.htm
Rupees
Thousands
STATEMENT OF CHANGES IN EQUITY AND RESERVES
Stated capital/Assigned capital
Reserves
Ordinary
voting
shares
Ordinary
non-voting
shares
Assigned
capital
Statutory
Reserve
Fund
Investment
Fund
Account
-
-
1,524,250
485,766
-
5,170
Balance as at 01/01/15 (Opening balance)
Exchange
Equallization
Account
Available for
Sale Reserve
109,145
Exchange
equalization
Reserve
Retained
Earnings
Total
488,045
7,763,083
10,375,459
Non-Controlling
Interest
Total Equity
-
10,375,459
905,289
Total comprehensive income for the year
Profit/(loss) for the year
-
-
-
-
-
-
-
905,289
905,289
-
Other comprehensive income
-
-
-
-
-
-
(149,659 )
-
159,035
-
9,376
-
9,376
Total comprehensive income for the year
-
-
-
-
-
-
(149,659 )
159,035
905,289
914,665
-
914,665
-
Transactions with equity holders, recognised directly in equity
Profit Transferred to head office
-
-
-
-
-
-
-
-
-
-
-
Transfers to reserves during the period
-
-
-
-
-
-
-
-
-
-
-
Transfers From reserves during the period
-
-
-
-
-
-
-
-
-
-
-
-
Total transactions with equity holders
-
-
-
-
-
-
-
-
-
-
-
-
Balance as at 30/09/15 (Closing balance)
-
-
1,524,250
485,766
-
5,170
647,080
8,668,372
11,290,124
-
11,290,124
(40,514 )
CITIBANK, N. A. COLOMBO, SRI LANKA
Rated ‘AAA (lka)’ by Fitch Ratings Lanka Ltd.
Rupees
Thousands
ANALYSIS OF FINANCIAL INSTRUMENTS BY MEASUREMENT BASIS
NOTES TO THE FINANCIAL STATEMENT
Current Period - 30th Septermber 2015
HFT
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 banks
Loans and receivables to other customers
Financial investments
Total financial assets
LIABILITIES
Due to banks
Derivative financial instruments
Due to other customers
Other borrowings
Total financial liabilities
Designated
at fair value
HTM
Amortised
cost
AFS
Hedging
Total
810,595
8,175,115
8,985,710
-
-
3,518,043
662,786
5,334,150
292,048
10,535,932
20,342,959
4,637,862
4,637,862
-
3,518,043
662,786
5,334,150
810,595
8,175,115
292,048
10,535,932
4,637,862
33,966,531
624,527
624,527
-
-
1,500,000
18,599,135
1,147,118
21,246,253
-
-
1,500,000
624,527
18,599,135
1,147,118
21,870,780
LIABILITIES
Due to banks
Derivative financial instruments
Due to other customers
Other borrowings
Total financial liabilities
CURRENT PERIOD
PREVIOUS PERIOD
As at 30/09/15
(Unaudited)
As at 31/12/14
(Audited)
1) Loans and Receivables to Other Customers
Gross loans and receivables
10,630,539
8,230,169
(Less): Individual impairment
Collective impairment
Net loans and receivables including at fair value through profit or loss
(Less):
Loans and receivables designated at fair value through profit or loss
Net loans and receivables
(94,607 )
10,535,932
(63,354 )
8,166,815
-
-
10,535,932
8,166,815
3,161,983
2,155,542
2) Loans and receivables to Other Customers - By Product
By Product - Domestic Currency
Previous Period - 31st December 2014
ASSETS
Cash and cash equivalents
Balances with central banks
Placements with banks
Derivative financial instruments
Other financial assets at fair value through profit or loss
Loans and receivables to banks
Loans and receivables to other customers
Financial investments
Total financial assets
Rupees
Thousands
HFT
Designated
at fair value
HTM
Amortised
cost
AFS
Hedging
Total
274,739
6,287,009
6,561,748
-
-
3,392,735
514,027
7,021,260
3,011,900
8,166,815
22,106,737
5,140,248
5,140,248
-
3,392,735
514,027
7,021,260
274,739
6,287,009
3,011,900
8,166,815
5,140,248
33,808,733
218,594
218,594
-
-
1,104,726
19,386,093
2,163,165
22,653,984
-
-
1,104,726
218,594
19,386,093
2,163,165
22,872,578
Overdrafts
Bills of Exchange
Staff loans
Held-to-maturity - HTM
Available-for-sale – AFS
Instruments of fair value and cash flow hedging - Hedging
SELECTED PERFORMANCE INDICATORS
Regulatory Capital Adequacy
Core Capital (Tier 1 Capital), Rs. Mn.
Total Capital Base, Rs. Mn.
Core Capital Adequacy Ratio, as % of Risk Weighted Assets (Minimum Requirement, 5%)
Total Capital Adequacy Ratio, as % of Risk Weighted Assets (Minimum Requirement, 10%)
Assets Quality (Quality of Loan Portfolio)
Gross Non-Performing Advances Ratio, % (net of interest in suspense)
Net-non performing Advances, % (net of interest in suspense)
Profitability
Interest Margin, %
Return on Assets (before Tax), %
Return on Equity, %
Regulatory Liquidity
Statutory Liquid Assets - DBU Rs. Mn.
Statutory Liquid Assets - FCBU Rs. Mn.
Statutory Liquid Assets Ratio, % (Minimum Requirement, 20%)
Domestic Banking Unit
Off-Shore Banking Unit
CURRENT PERIOD
PREVIOUS PERIOD
As at 30/09/15
As at 31/12/14
8,849
8,902
38.07%
38.30%
9,344
9,386
42.36%
42.55%
0.00%
0.00%
0.00%
0.00%
3.74%
5.04%
11.16%
4.29%
4.24%
9.82%
143,432
Short-term
3,896,451
3,182,279
7,219,179
5,482,648
1,177,092
826,009
By Product - Foreign Currency
Overdrafts
Bills of Exchange
Short-term
-
623
2,234,268
1,920,889
3,411,360
2,747,521
10,630,539
8,230,169
Opening balance
-
-
Charge/(Write back) to income statement
-
-
Write-off during the year
-
-
Other movements
-
-
Closing balance
-
-
Total
Rupees
Thousands
1,395
160,317
Sub Total
Sub Total
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
428
3) Movements in Individual and Collective Impairment during the Year
Individual impairment
Collective impairment
Opening balance
63,354
78,840
Charge/(Write back) to income statement
31,253
(15,486 )
Other movements
19,557
5,524
17,744
5,678
Closing balance
94,607
63,354
Total
94,607
63,354
4) Due to Other Customer - By Product
By Product - Domestic Currency
Demand deposits (current accounts)
4,759,955
4,698,032
Savings deposits
2,625,775
3,020,389
Time deposits
4,224,267
4,028,829
Other deposits
112.03%
82.35%
105.55%
104.69%
Sub Total
87,440
85,776
11,697,437
11,833,027
By Product - Foreign Currency
CERTIFICATION:
We, the undersigned, being the Citi Country Officer and the Chief Financial 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:
Ravin Basnayake
Citi Country Officer
Date: 27/11/15
Signed:
Asanga de Silva
Chief Financial Officer
Date: 27/11/15
Demand deposits (current accounts)
4,056,206
3,568,498
Savings deposits
2,082,962
3,181,568
Time deposits
699,266
708,914
Other deposits
63,264
94,085
6,901,698
7,553,066
18,599,135
19,386,093
Sub Total
Total
Rupees
Thousands
INCOME STATEMENT
Interest income
CURRENT PERIOD
PREVIOUS PERIOD
01/01/15 to 30/09/15
01/01/14 to 30/09/14
1,316,641
1,432,359
Interest expenses
316,730
428,563
Net interest income
999,911
1,003,796
Fee and commission income
429,064
405,794
Fee and commission expenses
Net fee and commission income
Net Interest, fee and commission income
53,130
43,837
375,934
361,957
1,375,845
1,365,753
603,206
327,127
Net gain/(loss) from trading
Net gain/(loss) from financial investments
-
-
422,259
364,539
2,401,310
2,057,419
Other operating income (net)
Total operating income
Less: Impairment Charge/(reversal) for loans and other losses
Net operating income
31,253
(21,060 )
2,370,057
2,078,479
385,798
366,072
Less: Operating Expenses
Personnel expenses
Depreciation
21,457
21,253
465,301
469,735
1,497,501
1,221,419
Other expenses
Operating profit/(loss) before Value Added Tax (VAT)
Less: Value Added Tax (VAT) on financial services
Operating profit/(loss) after Value Added Tax (VAT)
150,563
59,277
1,346,938
1,162,142
Share of profits of associates and joint ventures
Profit/(loss) before tax
-
-
1,346,938
1,162,142
Less: Tax expenses
441,649
409,238
Profit/(loss) for the year
905,289
752,904
905,289
752,904
Profit attributable to:
Owners of the parent
Non-controlling interests
Earnings per share on profit
-
-
905,289
752,904
-
-
Rupees
Thousands
STATEMENT OF COMPREHENSIVE INCOME
Profit/(loss) for the year
CURRENT PERIOD
PREVIOUS PERIOD
From 01/01/15 to
30/09/15
From 01/01/14 to
30/09/14
905,289
752,904
(149,659 )
115,832
Other comprehensive income, net of tax
Gains and losses on re-measuring available-for-sale financial assets
Net amount transferd to profit or loss on available-for-sale financial assets
159,035
920
Less: Tax expense/(income) relating to components of other comprehensive income
-
-
Other comprehensive income for the year, net of taxes
-
-
Total comprehensive income for the year
9,376
116,752
914,665
869,656
914,665
869,656
Attributable to:
Owners of the parent
Non-controlling interests
Rupees
Thousands
STATEMENT OF FINANCIAL POSITION
CURRENT PERIOD
PREVIOUS PERIOD
As at 30/09/15
(Unaudited)
As at 31/12/14
(Audited)
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 banks
3,518,043
3,392,735
662,786
514,027
5,334,150
7,021,260
810,595
274,739
8,175,115
6,287,009
292,048
3,011,900
Loans and receivables to other customers
10,535,932
8,166,815
Financial investments – Available-for-sale
4,637,862
5,140,248
Property, plant and equipment
85,933
82,526
Deferred tax assets
20,877
20,877
Other assets
760,365
370,618
Total assets
34,833,706
34,282,754
1,500,000
1,104,726
Liabilities
Due to banks
Derivative financial instruments
Due to other customers
Other Borrowings
624,527
218,594
18,599,135
19,386,093
1,147,118
2,163,165
Current tax liabilities
672,899
329,345
Other liabilities
999,903
705,372
23,543,582
23,907,295
1,524,250
1,524,250
Total liabilities
Equity
Stated capital/Assigned capital
Statutory reserve fund
Retained earnings
Other reserves
485,766
485,766
8,668,372
7,763,083
611,736
602,360
Total equity
11,290,124
10,375,459
Total equity and liabilities
34,833,706
34,282,754
Contingent liabilities and commitments
14,048,853
13,954,143
88
85
1
1
Memorandum information
Number of emoloyees
Number of branches
Rupees
Thousands
STATEMENT OF CHANGES IN EQUITY AND RESERVES
Stated capital/Assigned capital
Reserves
Ordinary
voting
shares
Ordinary
non-voting
shares
Assigned
capital
Statutory
Reserve
Fund
Investment
Fund
Account
-
-
1,524,250
485,766
-
5,170
Balance as at 01/01/15 (Opening balance)
Exchange
Equallization
Account
Available for
Sale Reserve
109,145
Exchange
equalization
Reserve
Retained
Earnings
Total
488,045
7,763,083
10,375,459
Non-Controlling
Interest
Total Equity
-
10,375,459
905,289
Total comprehensive income for the year
Profit/(loss) for the year
-
-
-
-
-
-
-
905,289
905,289
-
Other comprehensive income
-
-
-
-
-
-
(149,659 )
-
159,035
-
9,376
-
9,376
Total comprehensive income for the year
-
-
-
-
-
-
(149,659 )
159,035
905,289
914,665
-
914,665
-
Transactions with equity holders, recognised directly in equity
Profit Transferred to head office
-
-
-
-
-
-
-
-
-
-
-
Transfers to reserves during the period
-
-
-
-
-
-
-
-
-
-
-
Transfers From reserves during the period
-
-
-
-
-
-
-
-
-
-
-
-
Total transactions with equity holders
-
-
-
-
-
-
-
-
-
-
-
-
Balance as at 30/09/15 (Closing balance)
-
-
1,524,250
485,766
-
5,170
647,080
8,668,372
11,290,124
-
11,290,124
(40,514 )
Rupees
Thousands
STATEMENT OF CASH FLOWS
CURRENT PERIOD
PREVIOUS PERIOD
30/09/15
31/12/14
CASH FLOWS FROM OPERATING ACTIVITIES
Interest & commision receipts
Interest & commision payments
Receipts from other Operating Activities
Cash Payment to Employees.
Other Overhead Expenses
Operating Profit before changes in Operating Assets & Liabilities
1,236,101
(313,334 )
1,401,399
(385,798 )
(706,688 )
1,231,680
2,517,297
(624,002 )
538,300
(483,912 )
(801,659 )
1,146,024
(Increase)/Decrease in Operating Assets
Loans and receivables to other customers and banks
Deposits held for regulatory purposes
Placements with Bank
Other Assets
350,735
(148,759 )
1,687,110
(274,131 )
1,614,955
(188,074 )
(99,243 )
(4,395,749 )
14,658
(4,668,409 )
Increase/(Decrease) in Operating Liabilities
Deposits from Customers and Banks
(786,958 )
5,862,571
Other Borrowings
(214,840 )
(1,096,972 )
Other Liabilities
Net Cash Generated from/(used in) Operating Activities before taxes
Income Tax Paid
Net Cash Generated from/(used in) Operating Activities
294,531
27,951
2,139,368
1,271,166
(243,870 )
(540,101 )
1,895,498
731,065
(1,921,576 )
860,541
CASH FLOWS FROM INVESTING ACTIVITIES
Net proceeds from Sale, Maturity, and Purchases of Financial Investments
Purchase of Property, Plant & Equipment
Proceeds from Sale of Property, Plant & Equipment
Net Cash used in Investing Activities
(8,521 )
873
(1,929,224 )
(41,799 )
16,178
834,920
CASH FLOWS FROM FINANCING ACTIVITIES
Effect of Currency Translation
Profit remittance to Head Office
Net Cash Generated from/(used in) Financing Activities
Net Increase/(Decrease) in Cash & Cash Equivalents
Cash & Cash Equivalents at the Beginning of the Year
Cash & Cash Equivalents at the End of the Year
159,035
23,296
-
-
159,035
23,296
125,309
1,589,281
3,392,735
1,803,454
3,518,043
3,392,735
Reconciliation of Cash & Cash Equivalents
Cash in hand
Balances with banks
Money at call and short notice
475,024
450,685
2,945,214
2,830,114
97,805
111,936
3,518,043
3,392,735
_
SUPPLEMENTARY INFORMATION CITIGROUP
(In millions of dollars, except per share
amounts and as otherwise noted)
CURRENT PERIOD
Nine Months
2015
(Unaudited)
PREVIOUS PERIOD
Nine Months
2014
(Unaudited)
Revenues, net of interest expense
$
57,898
$
Provisions for credit losses and for benefits and claims
$
5,399
$
5,454
Income from continuing operations before income taxes
$
20,018
$
13,241
Citigroup's net income
$
13,907
$
6,966
Income from continuing operations
$
4.38
$
Net income
$
4.38
$
Diluted earnings per share
59,320
Rupees
Thousands
2.14
2.14
Shares (in millions)
Weighted average common shares outstanding
3,015.8
3,033.5
Adjusted weighted average common shares outstanding
3,020.4
3,038.8
CURRENT PERIOD
3Q
2015
(Unaudited)
PREVIOUS PERIOD
3Q
2014
(Unaudited)
Performance Metrics
Return on average common stockholders' equity (1)
8.0%
5.3%
Basel III Ratios - Full Implementation
Common Equiy Tier 1 Capital (2)
11.67%
10.64%
Tier 1 Capital (2)
12.91%
11.41%
Total Capital (2)
14.60%
12.76%
6.85%
5.98%
1,808,356
$ 1,882,505
Supplementary Leverage Ratio (3)
At September 30:
Total assets
Total deposits
$
(4)
Total Citigroup stockholders' equity
Book value per common share
$
904,243
942,655
220,848
211,928
69.03
September 30,
2015
Tangible book value per share
(5)
$
60.07
$
66.99
December 31,
2014
$
56.71
(1) The return on average common stockholders' equity is calculated using net income less preferred stock dividends divided by average common
stockholders' equity.
(2) Capital ratios based on the U.S. Basel III rules, with full implementation assumed for capital components; risk-weighted assets based on the Advanced
Approaches for determining total risk-weighted assets.
(3) Citi's Supplementary Leverage Ratio (SLR) is based on the U.S. Basel III rules, on a fully-implemented basis. Citi's SLR represents the ratio of Tier 1
Capital to Total Leverage Exposure (TLE). TLE is the sum of the daily average of on-balance sheet assets for the quarter and the average of certain offbalance sheet exposures calculated as of the last day of each month in the quarter, less applicable Tier 1 Capital deduction.
(4) Reflects reclassification of approximately $21 billion of deposits to held-for-sale (Other liabilities) as a result of the agreement in December 2014 to sell
Citi's retail banking business in Japan.
(5) Tangible book value represents tangible common equity (TCE) at September 30, 2015 divided by common shares outstanding. TCE represents common
equity less goodwill and other intangible assets (Other than MSRs).
Supplementary Citigroup information has been extracted from interim financials available on www.citibank.com/citi/investor/sec.htm
Rupees
Thousands
ANALYSIS OF FINANCIAL INSTRUMENTS BY MEASUREMENT BASIS
Current Period - 30th Septermber 2015
HFT
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 banks
Loans and receivables to other customers
Financial investments
Total financial assets
LIABILITIES
Due to banks
Derivative financial instruments
Due to other customers
Other borrowings
Total financial liabilities
Designated
at fair value
HTM
Amortised
cost
AFS
Hedging
Total
-
3,518,043
662,786
5,334,150
810,595
8,175,115
292,048
10,535,932
4,637,862
33,966,531
810,595
8,175,115
8,985,710
-
-
3,518,043
662,786
5,334,150
292,048
10,535,932
20,342,959
4,637,862
4,637,862
624,527
624,527
-
-
1,500,000
18,599,135
1,147,118
21,246,253
-
-
1,500,000
624,527
18,599,135
1,147,118
21,870,780
Previous Period - 31st December 2014
ASSETS
Cash and cash equivalents
Balances with central banks
Placements with banks
Derivative financial instruments
Other financial assets at fair value through profit or loss
Loans and receivables to banks
Loans and receivables to other customers
Financial investments
Total financial assets
LIABILITIES
Due to banks
Derivative financial instruments
Due to other customers
Other borrowings
Total financial liabilities
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
HFT
Designated
at fair value
HTM
Amortised
cost
AFS
Hedging
Total
274,739
6,287,009
6,561,748
-
-
3,392,735
514,027
7,021,260
3,011,900
8,166,815
22,106,737
5,140,248
5,140,248
-
3,392,735
514,027
7,021,260
274,739
6,287,009
3,011,900
8,166,815
5,140,248
33,808,733
218,594
218,594
-
-
1,104,726
19,386,093
2,163,165
22,653,984
-
-
1,104,726
218,594
19,386,093
2,163,165
22,872,578
Held-to-maturity - HTM
Available-for-sale – AFS
Instruments of fair value and cash flow hedging - Hedging
Rupees
Thousands
SELECTED PERFORMANCE INDICATORS
Regulatory Capital Adequacy
Core Capital (Tier 1 Capital), Rs. Mn.
Total Capital Base, Rs. Mn.
Core Capital Adequacy Ratio, as % of Risk Weighted Assets (Minimum Requirement, 5%)
Total Capital Adequacy Ratio, as % of Risk Weighted Assets (Minimum Requirement, 10%)
Assets Quality (Quality of Loan Portfolio)
Gross Non-Performing Advances Ratio, % (net of interest in suspense)
Net-non performing Advances, % (net of interest in suspense)
Profitability
Interest Margin, %
Return on Assets (before Tax), %
Return on Equity, %
Regulatory Liquidity
Statutory Liquid Assets - DBU Rs. Mn.
Statutory Liquid Assets - FCBU Rs. Mn.
Statutory Liquid Assets Ratio, % (Minimum Requirement, 20%)
Domestic Banking Unit
Off-Shore Banking Unit
CURRENT PERIOD
PREVIOUS PERIOD
As at 30/09/15
As at 31/12/14
8,849
8,902
38.07%
38.30%
9,344
9,386
42.36%
42.55%
0.00%
0.00%
0.00%
0.00%
3.74%
5.04%
11.16%
4.29%
4.24%
9.82%
19,557
5,524
17,744
5,678
112.03%
82.35%
105.55%
104.69%
CERTIFICATION:
We, the undersigned, being the Citi Country Officer and the Chief Financial 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:
Ravin Basnayake
Citi Country Officer
Date: 27/11/15
Signed:
Asanga de Silva
Chief Financial Officer
Date: 27/11/15
Rupees
Thousands
NOTES TO THE FINANCIAL STATEMENT
CURRENT PERIOD
PREVIOUS PERIOD
As at 30/09/15
(Unaudited)
As at 31/12/14
(Audited)
1) Loans and Receivables to Other Customers
Gross loans and receivables
10,630,539
8,230,169
(Less): Individual impairment
Collective impairment
Net loans and receivables including at fair value through profit or loss
(Less):
Loans and receivables designated at fair value through profit or loss
Net loans and receivables
(94,607 )
10,535,932
(63,354 )
8,166,815
-
-
10,535,932
8,166,815
3,161,983
2,155,542
2) Loans and receivables to Other Customers - By Product
By Product - Domestic Currency
Overdrafts
Bills of Exchange
Staff loans
428
1,395
160,317
143,432
Short-term
3,896,451
3,182,279
Sub Total
7,219,179
5,482,648
1,177,092
826,009
By Product - Foreign Currency
Overdrafts
Bills of Exchange
Short-term
Sub Total
Total
-
623
2,234,268
1,920,889
3,411,360
2,747,521
10,630,539
8,230,169
3) 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
63,354
78,840
Charge/(Write back) to income statement
31,253
(15,486 )
Other movements
Closing balance
94,607
63,354
Total
94,607
63,354
4) Due to Other Customer - By Product
By Product - Domestic Currency
Demand deposits (current accounts)
4,759,955
4,698,032
Savings deposits
2,625,775
3,020,389
Time deposits
4,224,267
4,028,829
Other deposits
Sub Total
87,440
85,776
11,697,437
11,833,027
By Product - Foreign Currency
Demand deposits (current accounts)
4,056,206
3,568,498
Savings deposits
2,082,962
3,181,568
Time deposits
699,266
708,914
Other deposits
63,264
94,085
6,901,698
7,553,066
18,599,135
19,386,093
Sub Total
Total