Cloud 1
BANK
GROUP
For the year ended 31 December
Note
2024
LKR ’000
2023
LKR ’000
2024
LKR ’000
2023
LKR ’000
Profit for the year 8,352,531 7,219,702 9,932,401 8,658,539
Other comprehensive income/(expenses) for the year, net of tax Items that are or may be reclassified subsequently to income statement
Movement in fair value reserve (FVOCI debt instrument):
Net change in fair value 3,788,971 5,931,781 3,788,971 5,931,781
Reclassified to income statement (2,877,314) (2,838,626) (2,877,314) (2,838,626)
Movement in hedging reserve:
Cash flow hedges – effective portion of changes in fair value (6,915,285) (3,887,927) (6,915,285) (3,887,927)
Cash flow hedges – reclassified to income statement 5,930,375 5,657,125 5,930,375 5,657,125
Related deferred tax 21.2 23,265 (1,458,632) 23,265 (1,458,632)
Total other comprehensive (expenses)/income that are or may be reclassified subsequently to income statement (49,988) 3,403,721 (49,988) 3,403,721
Items that will not be reclassified to income statement
Gains/(losses) on remeasurement of defined benefit liabilities/(assets) 198,014 (712,612) 192,084 (714,335)
Equity investments at FVOCI – net change in fair value 9,119,808 7,015,939 9,119,808 7,015,939
Share of other comprehensive income/(expenses) of equity accounted associate 217 (164)
Related deferred tax 21.2 (69,067) 208,814 (67,287) 209,395
Total other comprehensive income on items that will not be reclassified to income statement 9,248,755 6,512,141 9,244,822 6,510,835
Other comprehensive income for the year, net of tax-continuing operation 9,198,767 9,915,862 9,194,834 9,914,556
Discontinued Operation
Other comprehensive expenses for the year, net of tax – discontinued operations (317,386) (316,336)
Total comprehensive income for the year 17,551,298 17,135,564 18,809,849 18,256,759
Total comprehensive income attributable to:
Equity holders of the Bank 17,551,298 17,135,564 18,658,077 18,083,000
Non-controlling interests 151,772 173,759
Total comprehensive income for the year 17,551,298 17,135,564 18,809,849 18,256,759

The notes to the financial statements from pages 235 to 374 form part of these financial statements.