The Company seeks to adopt socially acceptable marketing principles and practices and complete transparency, whilst complying with the rules and regulations laid down by the Department of Supervision of Non-Bank Financial Institutions of the Central Bank, in the practice of its Deposit Mobilization programmes.

We can broadly classify the Company’s principal lines of business into two categories

Fund based services include Lease Finance, Hire Purchase Finance, Trade Loans, and Pledge Loans.

Lease financing is available in a variety of forms involving Fixed Rental or structured payment, the latter to suit an individual customer’s cash flow situation.

Some of the Company’s avenues of enterprise include: leases as working capital against the surety of the customer’s vehicle, leases with balloon rentals, leasing of equipment such as vehicles, medical equipment, construction, and office equipment. Finance tenors runs from 06 to 60 months.

Hire Purchase Finance works on a similar basis to leasing, and is most commonly used to fund the acquisition of used vehicles and consumer products. Clients are always required to make a down payment referred to as an initial deposit.

Trade loans are extended under the security of a mortgage of prime property usually extended to fund working capital requirements for the Corporate Sector.

Pledge loans are generally short term agreements less than 12 months reached with vehicle dealers based on a pledge of import documentation to the Company.

Fee based services include Insurance Brokering Services and IT-related Consultancy. The Company acts as an agent for most reputed insurance companies, providing an insurance brokering service to its own clientele.

In the field of Information Technology, the Company is under agreement with IBM and Keells Business Systems to offer software engineering solutions. It also provides associate companies and outside clients with an IT consultancy service.

Financial Overview
	2006/2007
	Financial Statements for the Quarter ended 30/11/2007
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	Financial Statements for the Year ended 31/03/2007
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	Financials for the Quarter ended 31/12/2006
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	Financials for the Quarter ended 30/09/2006
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	Financials for the Quarter ended 30/06/2006
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	2005/2006
	Senkadagala Finance Company recorded a net profit of Rs 208.23 million in year 2005/2006 compared to Rs 93.6 million in year 2004/2005 an increase of 117.62%. Total assets of the company rose from Rs 2.108 million in 2004/2005 to Rs 4.199 million in year 2005/2006. Dividends per share increased from Rs 3.7 in year 2004/2005 to Rs 4.0 in year 2005/2006. Total fixed deposit base is Rs 669.409 million in year 2005/2006 which is a notable increase of Rs 145.579 million compared to year 2004/2005. The core capital of the company was Rs 366.284 Million in year 2004/2005 as at 31/03/2006 it stands at Rs 536.299 million.
	2004/2005
	Senkadagala Finance Co. Ltd. Recorded a profit of Rs. 93.6 million for the year 2004/2005 compared to Rs. 63 million in 2003/2004, an increase of 48.2%. The total assets of the company also rose from Rs 1,499 million in 2003/2004 to Rs. 2,108 million in 2004/2005.      Earnings per ordinary share increased from Rs. 11.81 in 2003/2004 to Rs. 17.93 in 2004/2005 and Dividend per share was Rs. 3.7 in 2004/2005 as compared to Rs. 2.00 in 2003/2004. The net asset per share also increased from Rs. 52.19 in 2003/2004 to Rs. 68.62 in 2004/2005.
	2003/2004
	Total income before taxes rose from Rs. 159.75 million in 2003 to Rs. 262.32 million in 2004, an increase of 64.20%. Total income represents interest income, other operating income and miscellaneous income. The Company recorded a record profit before taxation of Rs. 66.51 million for 2004, as compared to Rs. 43.16 million a year ago, an increase of 54.10%. Profits after taxation increased from Rs. 41.32 million in 2003 to Rs. 63.05 million in 2004, an increase of 52.59%. Earnings per share increased from Rs. 7.74 per ordinary share in 2003, to reach Rs. 11.81 in 2004. At the end of the current financial year, net assets per share were Rs. 52.20, as compared to Rs. 42.39 for the previous year. A dividend of 20% was declared for the year 2004, as opposed to 25% for the year 2003. The increase in profit is well in excess of inflationary values, and reflects a significant utilization of the Company’s assets. Total assets of the Company reached Rs. 1.49 billion as opposed to Rs. 1.01 billion a year ago. Of particular significance is the growth in interest-bearing assets, which grew from Rs. 0.68 billion in 2003 to Rs. 1.11 billion in 2004, an increase of 62.95 %. The magnitude of growth in interest-bearing assets is directly linked to the growth rate of the country’s economy, but is also attributed to the increased size of operations. The decline in Money Market interest rates last financial year resulted in a demand for loanable funds that was essentially interest-pushed.

In this day and age, a large part of a business’ public profile lies in the area of social responsibility. Rather than merely looking out for the bottom line, a modern Company must be perceived as an active member of the community in which they operate.

From its inception, Senkadagala Finance Company Limited has highly valued its place in society. As any successful Company, we incorporate social responsibility into our business philosophy and our yearly planning process. The Company could not be successful without the confidence of our society, who we hope to serve through our work.

Education is an important key to development. Accordingly, we have taken the initiative to sponsor some development projects in the Kurunegela and Kandy districts. We have provided scholarships and donated equipment such as computers to help the schools become better centres of learning. We have also made donations to help disabled soldiers.

The year 2004 also brought with it a series of disastrous events. The latter part of the year was particularly significant when the nation's coastal belt was pummeled on Boxing Day December 26th, with a series of Tsunami waves. In response to this, we as dutiful corporate citizens immediately took part in the rehabilitation process, and contributed heavily towards the cause of our nation.