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 1 to 69 form an integral part of these Financial Statements.
