COMMERCIAL BANK OF CEYLON PLC
ANNUAL REPORT 2022
Integrated Report
As permitted by the International Framework, <IR> this integrated report has been included in the Annual Report of the Bank as a distinguishable and prominent section. This Report, where applicable is presented in accordance with the Guiding Principles and the Content Elements as stipulated in the Framework. As stated in the Annual Report of the Board of Directors, the Board of Directors acknowledges that reasonable care has been exercised in the preparation and presentation of this Integrated Report while preserving its integrity.
Organisational Overview
About the Bank
Strategic Highlights
Financial Highlights
Non-financial Highlights
A Snapshot of the Bank’s Profile
Our Journey Over 100 Years
Key Events of the Year
Performance Review
Message from the Chairman
Managing Director/Chief Executive Officer’s Review
Awards and Accolades
Operating Environment
Connecting with Stakeholders
Material Matters
Operating Context and Outlook
Business Model for Sustainable Value Creation
Bank’s Sustainability Framework
Business Model
Statement of Capital Position
Management Discussion and Analysis
Strategic Imperatives
Sustainable Banking – Value Creation
Responsible Organisation – Shared Value
Community Sustainability – Outreach
Financial Review 2022
Investor Relations
Governance and Risk Management
Board of Directors and Profiles
Corporate Management and Profiles
Senior Management
Annual Corporate Governance Report
Board Committee Reports
Statement of Compliance
Statement of Directors’ Responsibility for Financial Reporting
Directors’ Statement on Internal Control over Financial Reporting
Independent Assurance Report
Managing Director/Chief Executive Officer’s and Chief Financial Officer’s Statement of Responsibility
Directors’ Interest in Contracts with the Bank
Risk Governance and Management
Financial Statements
The Financial Statements, including Accounting Policies and accompanying notes, are in compliance with all applicable Accounting Standards and are free from material misstatement. As opined in the Auditors’ Report, the Financial Statements provide a true and fair view of the Bank’s performance, financial position, changes in equity and cash flows. Our Auditors have expressed their unqualified opinion on these Financial Statements as indicated in their “Independent Auditors’ Report” to the shareholders.
Financial Calendar – 2022 and 2023
Independent Auditors’ Report
Financial Statements Highlights – Bank
Financial Statements – Table of Contents
Income Statement
Statement of Profit or Loss and Other Comprehensive Income
Statement of Financial Position
Statement of Changes in Equity – Group
Statement of Changes in Equity – Bank
Statement of Cash Flows
Notes to the Financial Statements
Supplementary Information
Annex 1: Compliance with Governance Directions and Code
Annex 2: Basel III – Disclosures under Pillar III as per the Banking Act Direction No. 01 of 2016
Annex 3: GRI Content Index
Annex 4: Our Sustainability Footprint
Annex 5: Disclosures relating to Sustainability Accounting Standard for Commercial Banks
Annex 6: Independent Assurance Reports
Annex 7: The Bank’s Organisation Structure
Annex 8: Financial Statements (US Dollars)
Annex 9: Correspondent Banks and Agent Network
Annex 10: Glossary of Financial and Banking Terms
Annex 11: Acronyms and Abbreviations
Annex 12: Alphabetical Index
Annex 13: Index of Figures, Tables and Graphs
Notice of Meeting – Annual General Meeting
Circular to the Shareholders on the First and Final Dividend for 2022
Corporate Information
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Financial Statements
Financial Statements Highlights – Bank
INCOME STATEMENT
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