BANK		GROUP
For the year ended 31 December	Note	2023 LKR ’000	2022 LKR ’000	2023 LKR ’000	2022 LKR ’000
Gross income	10	106,883,450	74,959,516	107,441,538	75,471,383
Interest income		96,921,523	69,863,356	96,924,661	69,867,327
Interest expenses		65,697,026	43,342,290	65,584,019	43,268,327
Net interest income	11	31,224,497	26,521,066	31,340,642	26,599,000
Fee and commission income		5,239,924	3,643,039	5,238,670	3,641,487
Fee and commission expenses		1,335,294	766,002	1,335,294	766,002
Net fee and commission income	12	3,904,630	2,877,037	3,903,376	2,875,485
Net gains from trading	13	1,055,107	63,216	1,055,107	63,216
Net gains from derecognition of financial assets	14	2,838,626	99,112	2,838,626	99,112
Net other operating income	15	828,270	1,290,793	1,384,474	1,800,241
Total operating income		39,851,130	30,851,224	40,522,225	31,437,054
Impairment for loans and other losses	16	13,984,830	17,041,471	13,984,830	17,058,972
Net operating income		25,866,300	13,809,753	26,537,395	14,378,082
Operating expenses
Personnel expenses	17	4,777,944	4,444,212	5,037,299	4,678,123
Depreciation and amortisation	18	1,123,853	1,124,666	1,190,663	1,188,433
Other expenses	19	5,818,220	4,548,101	5,756,308	4,478,732
Operating profit before taxes on financial services		14,146,283	3,692,774	14,553,125	4,032,794
Taxes on financial services	20	3,185,957	1,253,301	3,185,957	1,253,301
Operating profit after taxes on financial services		10,960,326	2,439,473	11,367,168	2,779,493
Share of profits of associate and joint venture		–	–	1,140,981	332,719
Profit before income tax		10,960,326	2,439,473	12,508,149	3,112,212
Income tax expense	21	3,740,624	(73,879)	3,849,610	70,301
Profit for the year		7,219,702	2,513,352	8,658,539	3,041,911
Profit attributable to:
Equity holders of the Bank		7,219,702	2,513,352	8,485,146	2,932,475
Non-controlling interests		–	–	173,393	109,436
Profit for the year		7,219,702	2,513,352	8,658,539	3,041,911
Earnings per share
Basic/diluted earnings per ordinary share (LKR)	22	17.27	6.75	20.30	7.88

The notes to the financial statements form part of these financial statements.