- Messages
- Profiles
- Business
Model - Management Discussion
and Analysis - Stewardship
- Integrated Risk Management
- Corporate Governance
- Annual Report of the Board of Directors on the Affairs of the Bank
- Report of the Audit Committee
- Report of the Human Resources and Remuneration Committee
- Report of the Nomination and Governance Committee
- Report of the Board Integrated Risk Management Committee
- Report of the Credit Approval Committee
- Report of the Related Party Transactions Review Committee
- Directors’ Statement on Internal Control
- Independent Assurance Report
- Investor
Relations - Financial
Reports- Financial Calendar
- Statement of Directors’ Responsibilities in Relation to Financial Statements
- Chief Executive’s and Chief Financial Officer’s Statement of Responsibility
- Independent Auditors’ Report
- Income Statement
- Statement of Profit or Loss and other Comprehensive Income
- Statement of Financial Position
- Statement of Changes in Equity
- Statement of Cash Flows
- Notes to the Financial Statements
- Other Disclosures
- Supplementary
Information
Financial Reports
Income Statement
| BANK | GROUP | ||||
| For the year ended 31 December | Notes | 2017 LKR 000 |
2016 LKR 000 |
2017 LKR 000 |
2016 LKR 000 |
| Income | 9 | 35,941,612 | 26,753,895 | 35,987,091 | 26,980,083 |
| Interest income | 32,986,590 | 24,194,158 | 32,994,636 | 24,206,112 | |
| Interest expenses | 21,643,982 | 15,293,022 | 21,597,373 | 15,262,906 | |
| Net interest income | 10 | 11,342,608 | 8,901,136 | 11,397,263 | 8,943,206 |
| Fee and commission income | 1,591,336 | 1,309,049 | 1,591,943 | 1,309,049 | |
| Fee and commission expenses | – | – | – | – | |
| Net fee and commission income | 11 | 1,591,336 | 1,309,049 | 1,591,943 | 1,309,049 |
| Net gain from trading | 12 | 361,647 | 340,456 | 361,647 | 340,456 |
| Net loss from financial instruments at fair value through profit or loss |
13 | (404,586) | (179,727) | (404,586) | (179,727) |
| Net gain from financial investments | 14 | 2,238,166 | 1,165,389 | 1,945,118 | 1,081,129 |
| Other operating (loss)/income – net | 15 | (831,541) | (75,430) | (501,667) | 223,064 |
| Total operating income | 14,297,630 | 11,460,873 | 14,389,718 | 11,717,177 | |
| Impairment for loans and other losses | 16 | 1,176,413 | 937,267 | 1,170,366 | 916,344 |
| Net operating income | 13,121,217 | 10,523,606 | 13,219,352 | 10,800,833 | |
| Operating expenses | |||||
| Personnel expenses | 17 | 3,166,509 | 2,809,742 | 3,302,793 | 2,980,069 |
| Other expenses | 18 | 2,703,646 | 2,314,224 | 2,751,430 | 2,321,637 |
| Operating profit before value added tax and nation building tax on financial services | 7,251,062 | 5,399,640 | 7,165,129 | 5,499,127 | |
| Value added tax and nation building tax on financial services |
19 | 1,458,749 | 986,110 | 1,458,749 | 986,110 |
| Operating profit after value added tax and nation building tax on financial services | 5,792,313 | 4,413,530 | 5,706,380 | 4,513,017 | |
| Share of profits of associate and joint venture | – | – | 185,030 | 161,151 | |
| Profit before income tax | 5,792,313 | 4,413,530 | 5,891,410 | 4,674,168 | |
| Income tax expense | 20 | 1,377,349 | 1,124,807 | 1,457,653 | 1,205,094 |
| Profit for the year | 4,414,964 | 3,288,723 | 4,433,757 | 3,469,074 | |
| Profit attributable to: | |||||
| Equity holders of the Bank | 4,414,964 | 3,288,723 | 4,362,407 | 3,414,980 | |
| Non-controlling interests | – | – | 71,350 | 54,094 | |
| Profit for the year | 4,414,964 | 3,288,723 | 4,433,757 | 3,469,074 | |
| Basic earnings per ordinary share (LKR) | 21 | 16.65 | 12.41 | 16.45 | 12.88 |
The notes to the financial statements form part of these financial statements.