BANK | GROUP | ||||
For the year ended 31 December | Notes | 2019 LKR ’000 |
2018 LKR ’000 |
2019 LKR ’000 |
2018 LKR ’000 |
Gross income | 10 | 43,297,015 | 39,153,874 | 43,648,287 | 39,448,486 |
Interest income | 42,060,055 | 38,148,193 | 42,062,054 | 38,149,896 | |
Interest expenses | 29,397,598 | 25,733,360 | 29,363,105 | 25,691,119 | |
Net interest income | 11 | 12,662,457 | 12,414,833 | 12,698,949 | 12,458,777 |
Fee and commission income | 2,165,314 | 2,012,563 | 2,162,006 | 2,012,443 | |
Fee and commission expenses | 119,603 | 68,622 | 119,603 | 68,622 | |
Net fee and commission income | 12 | 2,045,711 | 1,943,941 | 2,042,403 | 1,943,821 |
Net loss from trading | 13 | (87,116) | (366,657) | (87,116) | (366,657) |
Net (loss)/gain from financial instruments at fair value through profit or loss |
14 | (2,633,183) | 2,650,664 | (2,633,183) | 2,650,664 |
Net gains from derecognition of financial assets | 15 | 209,890 | 19,114 | 209,890 | 19,114 |
Net other operating income | 16 | 1,582,055 | (3,310,003) | 1,934,636 | (3,016,974) |
Total operating income | 13,779,814 | 13,351,892 | 14,165,579 | 13,688,745 | |
Impairment for loans and other losses | 17 | 1,668,913 | 1,056,230 | 1,689,313 | 1,056,230 |
Net operating income | 12,110,901 | 12,295,662 | 12,476,266 | 12,632,515 | |
Operating expenses | |||||
Personnel expenses | 18 | 3,724,407 | 3,408,312 | 3,894,734 | 3,555,980 |
Depreciation and amortisation | 19 | 843,656 | 462,343 | 901,410 | 510,128 |
Other expenses | 20 | 3,005,111 | 2,733,276 | 3,014,501 | 2,738,152 |
Operating profit before taxes on financial services | 4,537,727 | 5,691,731 | 4,665,621 | 5,828,255 | |
Taxes on financial services | 21 | 1,548,462 | 1,459,070 | 1,548,462 | 1,459,070 |
Operating profit after taxes on financial services | 2,989,265 | 4,232,661 | 3,117,159 | 4,369,185 | |
Share of profits of associate and joint venture | – | – | 191,281 | 307,218 | |
Profit before income tax | 2,989,265 | 4,232,661 | 3,308,440 | 4,676,403 | |
Income tax expense | 22 | 915,397 | 1,464,482 | 1,008,146 | 1,606,176 |
Profit for the year | 2,073,868 | 2,768,179 | 2,300,294 | 3,070,227 | |
Profit attributable to: | |||||
Equity holders of the Bank | 2,073,868 | 2,768,179 | 2,213,529 | 3,011,018 | |
Non-controlling interests | – | – | 86,765 | 59,209 | |
Profit for the year | 2,073,868 | 2,768,179 | 2,300,294 | 3,070,227 | |
Earnings per share | |||||
Basic/diluted earnings per ordinary share (LKR) | 23 | 7.14 | 10.44 | 7.62 | 11.36 |
The notes to the financial statements form part of these financial statements.