Bank | Group | |||
For the year ended 31 December |
2016
USD ’000 |
2015
USD ’000 |
2016
USD ’000 |
2015
USD ’000 |
Profit for the year | 165,494 | 120,487 | 156,114 | 120,694 |
Other comprehensive income, net of tax | – | – | – | – |
Items that will not be reclassified to profit or loss | – | – | – | – |
Changes in revaluation surplus/(deficit) | 9,310 | 57 | 15,404 | 6,480 |
Deferred tax effect on above | – | 86 | (1,706) | (1,713) |
Actuarial gains/(losses) on defined benefit plans | (10,827) | (6,977) | (10,551) | (6,719) |
Deferred tax effect on above | 214 | (2,535) | 201 | (2,618) |
Net other comprehensive income that will not be reclassified to profit or loss |
(1,303) | (9,369) | 3,348 | (4,570) |
Items that are or may be reclassified to profit or loss | ||||
Exchange gains/(losses) arising from translating the financial statements of foreign operations |
1,107 | 3,190 | (1,522) | 4,013 |
Gains/(Losses) on remeasuring available for sale financial investments | (6,848) | (9,023) | (6,390) | (7,598) |
Deferred tax effect on above | (59) | (851) | (59) | (851) |
Realised gains on available for sale financial investments transferred to profit or loss |
(104) | (26) | (104) | (26) |
Share of other comprehensive income of associate companies, net of tax | – | – | 15 | 3 |
Net other comprehensive income that are or may be reclassified to profit or loss |
(5,904) | (6,710) | (8,060) | (4,459) |
Other comprehensive income for the year, net of tax | (7,207) | (16,079) | (4,712) | (9,029) |
Total comprehensive income for the year | 158,287 | 104,408 | 151,402 | 111,665 |
Attributable to: | ||||
Equity holder of the Bank | 158,287 | 104,408 | 151,925 | 111,392 |
Non-controlling interest | – | – | (523) | 273 |
Total comprehensive income for the year | 158,287 | 104,408 | 151,402 | 111,665 |
Exchange rate of one USD was LKR 149.80 as at 31 December 2016 (LKR 144.06 as at 31 December 2015).
The Statement of Comprehensive Income given in this page does not form part of the Audited Financial Statements and it is solely for the convenience of the shareholder, investors, bankers and other interested parties of the Financial Statements of the Bank.