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Financial Statements

Income Statement

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GROUP

BANK

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 appearing on pages 199 to 336 form an integral part of these Financial Statements.