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
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.