| BANK | GROUP | ||||||
| For the year ended 31 December | Note | 2013 LKR ’000 |
2012 LKR ’000 |
Change % | 2013 LKR ’000 |
2012 LKR ’000 |
Change % |
| Interest income | 20,603,610 | 16,983,637 | 21 | 20,765,842 | 17,149,867 | 21 | |
| Interest expenses | 13,791,503 | 11,386,672 | 21 | 13,754,264 | 11,330,939 | 21 | |
| Net interest income | 3 | 6,812,107 | 5,596,965 | 22 | 7,011,578 | 5,818,928 | 20 |
| Fee and commission income | 4 | 1,614,106 | 1,210,500 | 33 | 2,411,273 | 1,720,479 | 40 |
| Net trading gains/(losses) | 5 | 1,271,628 | 1,010,276 | 26 | 1,868,293 | 1,272,496 | 47 |
| Other operating income | 6 | 6,167,076 | 997,475 | 518 | 257,897 | 6,127,188 | (96) |
| Total operating income | 15,864,917 | 8,815,216 | 80 | 11,549,041 | 14,939,091 | (23) | |
| Impairment for loans & receivables and other losses | 7 | 1,238,202 | 106,112 | 1,067 | 1,260,765 | 51,379 | 2,354 |
| Net operating income | 14,626,715 | 8,709,104 | 68 | 10,288,276 | 14,887,712 | (31) | |
| Less: Operating expenses | |||||||
| Personnel expenses | 8 | 2,389,144 | 2,172,740 | 10 | 2,660,281 | 2,333,325 | 14 |
| Other expenses | 9 | 2,555,059 | 1,929,453 | 32 | 2,903,594 | 2,163,514 | 34 |
| Total operating expenses | 4,944,203 | 4,102,193 | 21 | 5,563,875 | 4,496,839 | 24 | |
| Operating Profit Before Value Added Tax on Financial Services |
9,682,512 | 4,606,911 | 110 | 4,724,401 | 10,390,873 | (55) | |
| Value Added Tax on financial services | (910,500) | (622,286) | 46 | (910,500) | (622,286) | 46 | |
| Operating Profit After Value Added Tax on Financial Services |
8,772,012 | 3,984,625 | 120 | 3,813,901 | 9,768,587 | (61) | |
| Share of associate companies’ profits/(losses) | 10 | – | – | – | 49,220 | 438,720 | (89) |
| Profit before taxation | 8,772,012 | 3,984,625 | 120 | 3,863,121 | 10,207,307 | (62) | |
| Taxation | 11 | (1,048,776) | (1,060,667) | (1) | (1,150,893) | (1,275,368) | (10) |
| Profit for the year | 7,723,236 | 2,923,958 | 164 | 2,712,228 | 8,931,939 | (70) | |
| Profit attributable to: | |||||||
| Equity holders of the Parent | 7,723,236 | 2,923,958 | 164 | 2,641,925 | 8,853,821 | (70) | |
| Non-controlling interests | – | – | – | 70,303 | 78,118 | (10) | |
| 7,723,236 | 2,923,958 | 164 | 2,712,228 | 8,931,939 | (70) | ||
| Earnings Per Share on Profit | |||||||
| Basic earnings per share (in LKR) | 12 | 46.96 | 17.81 | 164 | 16.48 | 55.31 | (70) |
| Diluted earnings per share (in LKR) | 46.95 | 17.80 | 164 | 16.47 | 55.29 | (70) | |
| Dividend per share (in LKR) | 10.00 | 15.00 | (33) | ||||
Significant Accounting Policies and Notes to the Financial Statements are an integral part of these Financial Statements.
13 February 2014
