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BANK | GROUP | |||||
For the year ended 31 December |
Note |
2023 LKR ’000 |
2022 LKR ’000 |
2023 LKR ’000 |
2022 LKR ’000 |
|
Profit for the year | 7,219,702 | 2,513,352 | 8,658,539 | 3,041,911 | ||
Other comprehensive income/(expenses) for the year, net of tax, Items that are or may be reclassifieds ubsequently to income statement |
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Movement in fair value reserve (FVOCI debt instrument): | ||||||
Net change in fair value | 5,931,781 | 901,909 | 5,931,781 | 901,909 | ||
Reclassified to income statement | (2,838,626) | (99,112) | (2,838,626) | (99,112) | ||
Share of other comprehensive (expenses)/income of equity accounted joint venture and associate |
– | – | (315,332) | 440,917 | ||
Movement in hedging reserve: | ||||||
Cash flow hedges – effective portion of changes in fair value | (3,887,927) | 20,807,094 | (3,887,927) | 20,807,094 | ||
Cash flow hedges – reclassified to income statement | 5,657,125 | (20,208,750) | 5,657,125 | (20,208,750) | ||
Related deferred tax | 21.2 | (1,458,632) | (198,904) | (1,458,632) | (198,904) | |
Total other comprehensive income that are or may be reclassified subsequently to income statement |
3,403,721 | 1,202,237 | 3,088,389 | 1,643,154 | ||
Items that will not be reclassified to income statement | ||||||
Gains/(Losses) on remeasurement of defined benefit (assets)/liabilities |
(712,612) | 325,828 | (714,335) | 332,442 | ||
Equity investments at FVOCI – net change in fair value | 7,015,939 | (4,505,992) | 7,015,939 | (4,494,947) | ||
Share of other comprehensive expenses of equity accounted associate and joint venture |
– | – | (1,168) | (1,067) | ||
Related deferred tax | 21.2 | 208,814 | (155,492) | 209,395 | (157,477) | |
Total other comprehensive income/(expenses) on items that will not be reclassified to income statement |
6,512,141 | (4,335,656) | 6,509,831 | (4,321,049) | ||
Other comprehensive income/(expenses) for the year, net of tax |
9,915,862 | (3,133,419) | 9,598,220 | (2,677,895) | ||
Total comprehensive income/(expenses) for the year | 17,135,564 | (620,067) | 18,256,759 | 364,016 | ||
Total comprehensive income/(expenses) attributable to: | ||||||
Equity holders of the Bank | 17,135,564 | (620,067) | 18,083,000 | 254,238 | ||
Non-controlling interests | – | – | 173,759 | 109,778 | ||
Total comprehensive income/(expenses) for the year | 17,135,564 | (620,067) | 18,256,759 | 364,016 |
The notes to the financial statements form part of these financial statements.