Financial Statements

Income Statement

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.

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