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.