Statement of Profit or Loss

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			Company			Group
For the year ended 31 March	Note	Page No.	2020 Rs. ’000	2019 Rs. ’000	Change %	2020 Rs. ’000	2019 Rs. ’000	Change %
Gross income	5	164	33,599,314	32,735,639	2.64	40,054,830	38,356,205	4.43
Interest income	6.1	165	31,459,108	30,836,300	2.02	33,282,879	32,234,340	3.25
Less: interest expense	6.2	165	15,786,586	15,646,099	0.90	16,110,935	15,891,298	1.38
Net interest income	6	164	15,672,522	15,190,201	3.18	17,171,944	16,343,042	5.07
Net earned premium	7	166	–	–	–	5,202,030	4,728,573	10.01
Fee and commission income	8	167	1,694,014	1,508,952	12.26	1,165,632	1,004,297	16.06
Net gains/(losses) on financial assets – fvtpl	9	168	11,017	(27,887)	139.51	19,586	(44,351)	144.16
Other operating income	10	168	435,175	418,274	4.04	384,703	433,346	(11.22)
Total operating income			17,812,728	17,089,540	4.23	23,943,895	22,464,907	6.58
Less: impairment charges and other losses for loans and receivables	11	169	4,646,683	1,586,506	192.89	4,901,902	1,708,203	186.96
impairment charges for investment in associate	30	216	–	348,794	(100.00)	–	152,572	(100.00)
impairment charges for right-of-use assets	34	227	36,965	–	100.00	36,965	–	100.00
impairment charges for goodwill	33	225	68,145	19,580	248.03	68,145	19,580	248.03
Net operating income			13,060,935	15,134,660	(13.70)	18,936,883	20,584,552	(8.00)
Less: expenses
Personnel expenses	12	172	3,701,385	3,438,167	7.66	4,561,026	4,166,618	9.47
Depreciation and amortisation	13	172	717,021	179,607	299.22	635,998	302,360	110.34
Benefits, claims and underwriting expenditure	14	173	–	–	–	3,441,937	3,328,705	3.40
Other operating expenses	15	174	2,088,244	2,844,419	(26.58)	2,565,073	3,048,420	(15.86)
Total operating expenses			6,506,650	6,462,193	0.69	11,204,034	10,846,103	3.30
Operating profit before taxes on financial services			6,554,285	8,672,467	(24.42)	7,732,849	9,738,449	(20.59)
Less: taxes on financial services	16	175	2,002,460	2,087,210	(4.06)	2,030,532	2,117,910	(4.13)
Operating profit after taxes on financial services			4,551,825	6,585,257	(30.88)	5,702,317	7,620,539	(25.17)
Share of profit/(loss) of an associate (net of tax)	30.1	217	–	–	–	–	(33,234)	100.00
Profit before income tax expense			4,551,825	6,585,257	(30.88)	5,702,317	7,587,305	(24.84)
Less: income tax expense	17	175	1,609,317	2,169,136	(25.81)	2,110,568	2,576,037	(18.07)
Profit for the year			2,942,508	4,416,121	(33.37)	3,591,749	5,011,268	(28.33)
Profit attributable to –
Equity holders of the Company			2,942,508	4,416,121	(33.37)	3,408,670	4,813,578	(29.19)
Non-controlling interest	49	249	–	–	–	183,079	197,690	(7.39)
Profit for the year			2,942,508	4,416,121	(33.37)	3,591,749	5,011,268	(28.33)
Basic/diluted earnings per ordinary share (Rs.)	18	179	1.83	2.80	(34.64)	2.11	3.05	(30.82)
Dividend per ordinary share (Rs.)	19	179	1.20	1.25	(4.00)

The Notes appearing on pages 155 to 288 form an integral part of the Financial Statements.