GROUP |
BANK |
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For the year ended December 31, | Note | 2021 Rs. ’000 |
2020 Rs. ’000 |
Change % |
2021 Rs. ’000 |
2020 Rs. ’000 |
Change % |
Gross income | 12 | 163,675,312 | 151,966,413 | 7.70 | 160,885,882 | 149,711,481 | 7.46 |
Interest income | 13.1 | 132,818,178 | 124,087,713 | 7.04 | 130,443,030 | 122,330,386 | 6.63 |
Less: Interest expense | 13.2 | 66,401,846 | 73,218,911 | (9.31) | 65,832,418 | 72,759,045 | (9.52) |
Net interest income | 13 | 66,416,332 | 50,868,802 | 30.56 | 64,610,612 | 49,571,341 | 30.34 |
Fee and commission income | 14.1 | 15,917,337 | 11,839,689 | 34.44 | 15,410,402 | 11,268,543 | 36.76 |
Less: Fee and commission expense | 14.2 | 3,675,143 | 2,018,014 | 82.12 | 3,658,939 | 2,012,138 | 81.84 |
Net fee and commission income | 14 | 12,242,194 | 9,821,675 | 24.64 | 11,751,463 | 9,256,405 | 26.95 |
Net gains/(losses) from trading | 15 | 1,936,007 | 1,878,060 | 3.09 | 1,936,007 | 1,878,086 | 3.08 |
Net gains/(losses) from derecognition of financial assets | 16 | 3,001,574 | 6,390,197 | (53.03) | 3,001,574 | 6,390,197 | (53.03) |
Net other operating income | 17 | 10,002,216 | 7,770,754 | 28.72 | 10,094,869 | 7,844,269 | 28.69 |
Total operating income | 93,598,323 | 76,729,488 | 21.98 | 91,394,525 | 74,940,298 | 21.96 | |
Less: Impairment charges and other losses | 18 | 25,139,926 | 21,419,532 | 17.37 | 24,692,343 | 21,483,698 | 14.94 |
Net operating income | 68,458,397 | 55,309,956 | 23.77 | 66,702,182 | 53,456,600 | 24.78 | |
Less: Expenses | |||||||
Personnel expenses | 19 | 16,799,212 | 14,992,748 | 12.05 | 16,321,317 | 14,563,999 | 12.07 |
Depreciation and amortisation | 20 | 3,220,066 | 3,102,695 | 3.78 | 3,178,628 | 2,989,031 | 6.34 |
Other operating expenses | 21 | 9,638,461 | 8,167,170 | 18.01 | 9,391,810 | 7,886,936 | 19.08 |
Total operating expenses | 29,657,739 | 26,262,613 | 12.93 | 28,891,755 | 25,439,966 | 13.57 | |
Operating profit before value added tax on financial services | 38,800,658 | 29,047,343 | 33.58 | 37,810,427 | 28,016,634 | 34.96 | |
Less: Value Added Tax on financial services | 22 | 5,845,230 | 4,531,381 | 28.99 | 5,809,224 | 4,505,322 | 28.94 |
Operating profit after value added tax on financial services | 32,955,428 | 24,515,962 | 34.42 | 32,001,203 | 23,511,312 | 36.11 | |
Share of profits of associate, net of tax | 38.1 | 1,896 | 3,898 | (51.36) | – | – | – |
Profit before tax | 32,957,324 | 24,519,860 | 34.41 | 32,001,203 | 23,511,312 | 36.11 | |
Less: Income tax expense | 23 | 8,667,036 | 7,433,063 | 16.60 | 8,395,152 | 7,137,823 | 17.62 |
Profit for the year | 24,290,288 | 17,086,797 | 42.16 | 23,606,051 | 16,373,489 | 44.17 | |
Profit attributable to: | |||||||
Equity holders of the Bank | 24,062,469 | 16,939,950 | 42.05 | 23,606,051 | 16,373,489 | 44.17 | |
Non-controlling interest | 57 | 227,819 | 146,847 | 55.14 | – | – | – |
Profit for the year | 24,290,288 | 17,086,797 | 42.16 | 23,606,051 | 16,373,489 | 44.17 | |
Earnings per share | |||||||
Basic earnings per ordinary share (Rs.) | 24.1 | 20.15 | 15.32 | 31.53 | 19.77 | 14.81 | 33.49 |
Diluted earnings per ordinary share (Rs.) | 24.1 | 20.15 | 15.32 | 31.53 | 19.77 | 14.81 | 33.49 |
The Notes 1 to 69 form an integral part of these Financial Statements.