GROUP | Bank | ||||||
For the year ended December 31, | Note | 2019 Rs. ’000 |
2018 Rs. ’000 |
Change % |
2019 Rs. ’000 |
2018 Rs. ’000 |
Change % |
Gross income | 12 | 150,741,129 | 139,657,195 | 7.94 | 148,706,284 | 138,049,307 | 7.72 |
Interest income | 13.1 | 129,287,743 | 118,551,239 | 9.06 | 127,779,540 | 117,465,670 | 8.78 |
Less: Interest expense | 13.2 | 80,931,352 | 72,933,030 | 10.97 | 80,571,268 | 72,523,912 | 11.10 |
Net interest income | 13 | 48,356,391 | 45,618,209 | 6.00 | 47,208,272 | 44,941,758 | 5.04 |
Fee and commission income | 14.1 | 12,874,966 | 12,494,090 | 3.05 | 12,406,584 | 11,988,070 | 3.49 |
Less: Fee and commission expense | 14.2 | 2,123,128 | 1,859,698 | 14.17 | 2,117,072 | 1,837,900 | 15.19 |
Net fee and commission income | 14 | 10,751,838 | 10,634,392 | 1.10 | 10,289,512 | 10,150,170 | 1.37 |
Net gains/(losses) from trading | 15 | 1,360,833 | (3,033,236) | 144.86 | 1,360,858 | (3,033,236) | 144.86 |
Net gains/(losses) from derecognition of financial assets |
16 | 1,135,711 | 272,004 | 317.53 | 1,135,711 | 272,004 | 317.53 |
Net other operating income | 17 | 6,081,876 | 11,373,098 | (46.52) | 6,023,591 | 11,356,799 | (46.96) |
Total operating income | 67,686,649 | 64,864,467 | 4.35 | 66,017,944 | 63,687,495 | 3.66 | |
Less: Impairment charges and other losses | 18 | 11,331,523 | 8,833,362 | 28.28 | 11,061,466 | 8,575,199 | 28.99 |
Net operating income | 56,355,126 | 56,031,105 | 0.58 | 54,956,478 | 55,112,296 | (0.28) | |
Less: Expenses | |||||||
Personnel expenses | 19 | 14,408,914 | 13,289,668 | 8.42 | 14,082,659 | 13,070,939 | 7.74 |
Depreciation and amortisation | 20 | 2,841,264 | 1,603,118 | 77.23 | 2,754,521 | 1,469,109 | 87.50 |
Other operating expenses | 21 | 8,875,316 | 8,993,958 | (1.32) | 8,588,456 | 8,929,179 | (3.82) |
Total operating expenses | 26,125,494 | 23,886,744 | 9.37 | 25,425,636 | 23,469,227 | 8.34 | |
Operating profit before taxes on financial services | 30,229,632 | 32,144,361 | (5.96) | 29,530,842 | 31,643,069 | (6.68) | |
Less: Taxes on financial services | 22 | 7,255,728 | 6,051,861 | 19.89 | 7,191,737 | 6,051,861 | 18.84 |
Operating profit after taxes on financial services | 22,973,904 | 26,092,500 | (11.95) | 22,339,105 | 25,591,208 | (12.71) | |
Share of profits of associates, net of tax | 38.1 | 9,992 | 6,048 | 65.21 | – | – | – |
Profit before tax | 22,983,896 | 26,098,548 | (11.93) | 22,339,105 | 25,591,208 | (12.71) | |
Less : Income tax expense | 23 | 5,563,500 | 8,235,717 | (32.45) | 5,314,138 | 8,047,380 | (33.96) |
Profit for the year | 17,420,396 | 17,862,831 | (2.48) | 17,024,967 | 17,543,828 | (2.96) | |
Profit attributable to: | |||||||
Equity holders of the Bank | 17,263,259 | 17,734,706 | (2.66) | 17,024,967 | 17,543,828 | (2.96) | |
Non-controlling interest | 58 | 157,137 | 128,125 | 22.64 | – | – | – |
Profit for the year | 17,420,396 | 17,862,831 | (2.48) | 17,024,967 | 17,543,828 | (2.96) | |
Earnings per share | |||||||
Basic earnings per ordinary share (Rs.) | 24.1 | 16.80 | 17.27 | (2.72) | 16.57 | 17.08 | (2.99) |
Diluted earnings per ordinary share (Rs.) | 24.1 | 16.80 | 17.27 | (2.72) | 16.57 | 17.08 | (2.99) |
The Notes appearing on this Annual Report form an integral part of these Financial Statements.