GROUP | BANK | ||||||
For the year ended December 31, | Note | 2017 Rs. ’000 |
2016 Rs. ’000 |
Change % |
2017 Rs. ’000 |
2016 Rs. ’000 |
Change % |
Profit for the year | 16,626,507 | 14,466,424 | 14.93 | 16,581,244 | 14,512,511 | 14.25 | |
Other comprehensive income, net of tax | |||||||
Items that will never be reclassified to profit or loss | |||||||
Net actuarial gains/(losses) on defined benefit plans | (536,508) | 140,826 | (480.97) | (529,902) | 139,763 | (479.14) | |
Gains/(losses) on remeasurement of defined benefit liability/asset | (718,572) | 164,225 | (537.55) | (709,396) | 162,748 | (535.89) | |
Less: Deferred tax charge/(reversal) on actuarial gains/(losses) | (182,064) | 23,399 | (878.08) | (179,494) | 22,985 | (880.92) | |
Net change in revaluation surplus | 1,636,524 | – | – | 1,396,663 | – | – | |
Changes in revaluation surplus/(deficit) | 3,845,981 | – | – | 3,542,214 | – | – | |
Less: Deferred tax charge/(reversal) on revaluation surplus | 2,209,457 | – | – | 2,145,551 | – | – | |
Items that are or may be reclassified to profit or loss | |||||||
Net gains/(losses) arising from translating the Financial Statements of the foreign operations | 57.4 | (503,140) | 438,565 | (214.72) | (525,093) | 414,578 | (226.66) |
Net fair value gains/(losses) on remeasuring financial investments – available for sale | 57.3 | 5,501,319 | (3,253,429) | 269.09 | 5,501,302 | (3,253,429) | 269.09 |
Government securities | 5,407,140 | (3,263,598) | 265.68 | 5,407,123 | (3,263,598) | 265.68 | |
Fair value gains/(losses) that arose during the year, net of tax | 5,434,372 | (3,479,504) | 256.18 | 5,434,355 | (3,479,504) | 256.18 | |
Fair value gains/(losses) realised to the Income Statement on disposal, net of tax | (65,413) | (27,425) | (138.52) | (65,413) | (27,425) | (138.52) | |
Fair value gains/(losses) recycled to the Income Statement on reclassification, net of tax | 38,181 | 243,331 | (84.31) | 38,181 | 243,331 | (84.31) | |
Equity securities | 94,179 | 10,169 | 826.14 | 94,179 | 10,169 | 826.14 | |
Fair value gains/(losses) that arose during the year, net of tax | 94,179 | 10,169 | 826.14 | 94,179 | 10,169 | 826.14 | |
Fair value gains/(losses) realised and recycled to the Income Statement on disposal | – | – | – | – | – | – | |
Cash flow hedges – effective portion of changes in fair value, net of tax | 57.6 | (3,212) | – | – | (3,212) | – | – |
Share of other comprehensive income of associates, net of tax | 3,526 | 3,807 | (7.38) | – | – | – | |
Other comprehensive income for the year, net of tax | 6,098,509 | (2,670,231) | 328.39 | 5,839,758 | (2,699,088) | 316.36 | |
Total comprehensive income for the year | 22,725,016 | 11,796,193 | 92.65 | 22,421,002 | 11,813,423 | 89.79 | |
Attributable to: | |||||||
Equity holders of the Bank | 22,682,515 | 11,829,508 | 91.75 | 22,421,002 | 11,813,423 | 89.79 | |
Non-controlling interest | 42,501 | (33,315) | 227.57 | – | – | – | |
Total comprehensive income for the year | 22,725,016 | 11,796,193 | 92.65 | 22,421,002 | 11,813,423 | 89.79 |