Financial Reports

Income Statement

		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.