Financial Statements
Statement of Profit or Loss and Other Comprehensive Income
| GROUP | BANK | ||||||
| For the year ended December 31, | Note | 2020 Rs. '000 |
2019 Rs. '000 |
Change % |
2020 Rs. '000 |
2019 Rs. '000 |
Change % |
| Profit for the year | 17,086,797 | 17,420,396 | (1.91) | 16,373,489 | 17,024,967 | (3.83) | |
| Other comprehensive income, net of tax | |||||||
| Items that will never be reclassified to profit or loss | |||||||
| Net actuarial gains/(losses) on defined benefit plans | (228,745) | (57,336) | (298.96) | (223,039) | (56,940) | (291.71) | |
| Gains/(losses) on remeasurement of defined benefit liability/asset |
(295,594) | (65,354) | (352.30) | (287,668) | (64,804) | (343.90) | |
| Less: Deferred tax charge/(reversal) on actuarial gains/(losses) | (66,849) | (8,018) | (733.74) | (64,629) | (7,864) | (721.83) | |
| Net change in revaluation surplus | 56.1 | 2,674,142 | - | - | 2,574,858 | - | - |
| Changes in revaluation surplus/(deficit) | 3,684,535 | - | - | 3,585,430 | - | - | |
| Less: Deferred tax charge/(reversal) on revaluation surplus | 1,010,393 | - | - | 1,010,572 | - | - | |
| Net change in fair value on investments in equity | 72,255 | (26,547) | 372.18 | 72,255 | (26,547) | 372.18 | |
| Change in fair value on investments in equity at fair value through other comprehensive income | 72,255 | (26,547) | 372.18 | 72,255 | (26,547) | 372.18 | |
| Less: Deferred tax charge/(reversal) on change in fair value on investments in equity | - | - | - | - | - | - | |
| Transfer of fair value gains/(losses) o/a reclassification of debt instruments from fair value through other comprehensive income to amortised cost, net of tax |
5,626 | - | - | 5,626 | - | - | |
| Gain on disposal of investments in equity instruments | 1,719 | - | - | 1,719 | - | - | |
| Share of other comprehensive income of associate | 3,436 | 38,633 | (91.11) | - | - | - | |
| Items that are or may be reclassified to profit or loss | |||||||
| Net gains/(losses) arising from translating the Financial Statements of foreign operations |
56.4 | 596,723 | (396,201) | 250.61 | 439,883 | (399,787) | 210.03 |
| Net gains/(losses) on investment in financial assets at fair value through other comprehensive income | (1,400,936) | 3,197,347 | (143.82) | (1,400,991) | 3,196,970 | (143.82) | |
| Fair value gains/(losses) that arose during the year, net of tax | 1,537,097 | 3,865,752 | (60.24) | 1,537,042 | 3,865,375 | (60.24) | |
| Fair value gains/(losses) realised to the Income Statement on disposal, net of tax | (4,026,616) | (816,182) | (393.35) | (4,026,616) | (816,182) | (393.35) | |
| Fair value gains/(losses) recycled to the Income Statement as impairement, net of tax | 1,088,583 | 147,777 | 636.64 | 1,088,583 | 147,777 | 636.64 | |
| Cash flow hedges - effective portion of changes in fair value, net of tax |
56.6 | (64,139) | (62,391) | (2.80) | (64,139) | (62,391) | (2.80) |
| Other comprehensive income for the year, net of tax | 1,660,081 | 2,693,505 | (38.37) | 1,406,172 | 2,651,305 | (46.96) | |
| Total comprehensive income for the year | 18,746,878 | 20,113,901 | (6.80) | 17,779,661 | 19,676,272 | (9.64) | |
| Attributable to: | |||||||
| Equity holders of the Bank | 18,553,575 | 19,961,841 | (7.05) | 17,779,661 | 19,676,272 | (9.64) | |
| Non-controlling interest | 193,303 | 152,060 | 27.12 | - | - | - | |
| Total comprehensive income for the year | 18,746,878 | 20,113,901 | (6.80) | 17,779,661 | 19,676,272 | (9.64) | |
The Notes 1 to 69 form an integral part of these Financial Statements.