Commercial Bank Logo

Financial Statements

Statement of Profit or Loss and Other Comprehensive Income

Print This Page Icon Add to Report Icon Download PDF Icon

 

GROUP

BANK

For the year ended December 31, Note 2021
Rs. ’000
2020
Rs. ’000
Change
%
2021
Rs. ’000
2020
Rs. ’000
Change
%
Profit for the year 24,290,288 17,086,797 42.16 23,606,051 16,373,489 44.17
Other comprehensive income, net of tax
Items that will never be reclassified to profit or loss
Net actuarial gains/(losses) on defined benefit plans 10,944 (228,745) 104.78 6,051 (223,039) 102.71
Gains/(losses) on remeasurement of defined benefit liability/asset 33,309 (295,594) 111.27 26,549 (287,668) 109.23
Less: Deferred tax charge/(reversal) on actuarial gains/(losses) – includes the effect of tax rate change in 2020 but adjusted in 2021 22,365 (66,849) 133.46 20,498 (64,629) 131.72
Net change in revaluation surplus 56.1 589,166 2,674,142 (77.97) 532,740 2,574,858 (79.31)
Changes in revaluation surplus/(deficit) 3,684,535 (100.00) 3,585,430 (100.00)
Less: Deferred tax charge/(reversal) on revaluation surplus – includes the effect of tax rate change in 2020 but adjusted in 2021 (589,166) 1,010,393 (158.31) (532,740) 1,010,572 (152.72)
Net change in fair value of investments in equity 156,573 72,255 116.70 156,573 72,255 116.70
Change in fair value of investments in equity at fair value through other comprehensive income 156,573 72,255 116.70 156,573 72,255 116.70
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 (100.00) 5,626 (100.00)
Gain on disposal of investments in equity instruments 1,719 (100.00) 1,719 (100.00)
Share of other comprehensive income of associate (1,512) 3,436 (144.00)
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 1,278,891 596,723 114.32 1,152,856 439,883 162.08
Net gains/(losses) on investment in financial assets at fair value through other comprehensive income (12,598,258) (1,400,936) (799.27) (12,599,079) (1,400,991) (799.30)
Fair value gains/(losses) that arose during the year, net of tax (12,917,795) 1,537,097 (940.40) (12,918,616) 1,537,042 (940.49)
Fair value gains/(losses) realised to the Income Statement on disposal, net of tax (2,281,196) (4,026,616) 43.35 (2,281,196) (4,026,616) 43.35
Fair value gains/(losses) recycled to the Income Statement as impairment, net of tax 2,600,733 1,088,583 138.91 2,600,733 1,088,583 138.91
Cash flow hedges – effective portion of changes in fair value, net of tax 56.6 46,169 (64,139) 171.98 46,169 (64,139) 171.98
Other comprehensive income for the year, net of tax (10,518,027) 1,660,081 (733.59) (10,704,690) 1,406,172 (861.26)
Total comprehensive income for the year 13,772,261 18,746,878 (26.54) 12,901,361 17,779,661 (27.44)
Attributable to:
Equity holders of the Bank 13,435,179 18,553,575 (27.59) 12,901,361 17,779,661 (27.44)
Non-controlling interest 337,082 193,303 74.38
Total comprehensive income for the year 13,772,261 18,746,878 (26.54) 12,901,361 17,779,661 (27.44)

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