According to the interim financial statements just released for the year ending 31st March 2009, total assets of the Company stood at Rs.31.3 billion compared to Rs 30.21 billion, in 2007/08. In the last quarter during which the financial climate was not favourable, many depositors adopted a ‘wait and see’ attitude, but they continued to show confidence in Central Finance . As a result deposits recorded an increase of Rs1.224 billion which was 10% over the previous year and stood at Rs.13.467 billion at year end.

The annual results show profit before tax recording a 9.63% increase from Rs 1.51 billion to Rs 1.66 billion. Higher taxation of Rs 625 million compared to Rs.467 million previously, resulted in a marginal drop in after tax profits (Rs 1.047 billion to Rs 1.035 billion). It is significant that the billion rupee profit level has been maintained for the past four years. Overhead cost increases have been contained to 8.74% ( which includes VAT on Financial Services amounting to 2.58%) over the comparable period . Funding cost has shown a further reduction of 2.83% quarter on quarter (31st December). The interest expense increase as at end December was 22% and for the year it is down to 20%.

Income for the year was Rs 6.9 billion as compared with Rs 6.0 billion in the previous year, showing an increase of 14.73%.

A consistent policy of re-investing earnings within the business, continues to strengthen the company’s capital base (shareholder funds), which is the highest in the sector, amounting Rs 7.052 Billion, which grew by Rs.887 million during the period .