Quarterly analysis

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Income Statement

	Company
	1st Quarter April-June		2nd Quarter July-September		3rd Quarter October-December		4th Quarter January-March		Total
Rs. million	2019	2018	2019	2018	2019	2018	2020	2019	2020	2019
Interest income	7,931	7,142	8,012	7,618	8,001	8,050	7,515	8,026	31,459	30,836
Less: Interest expenses	4,117	3,683	3,904	3,825	3,801	4,013	3,965	4,125	15,787	15,646
Net interest income	3,814	3,459	4,108	3,793	4,200	4,037	3,550	3,901	15,672	15,190
Fee and commission income	373	301	460	393	450	397	411	418	1,694	1,509
Net gains/losses on financial assets – FVTPL	(17)	(9)	15	(14)	1	(8)	12	3	11	(28)
Other operating income	4	22	1	116	102	(1)	328	281	435	418
Total operating income	4,174	3,773	4,584	4,288	4,753	4,425	4,301	4,603	17,812	17,089
Less: Impairment charges and other losses for loans and receivables	1,298	590	294	454	607	564	2,448	(21)	4,647	1,587
Impairment charges for investment in associate	–	–	–	–	–	–	–	349	–	349
Impairment charges for right-of-use assets	–	–	–	–	–	–	37	–	37	–
Impairment charges for goodwill	–	–	–	–	–	–	68	20	68	20
Net operating income	2,876	3,183	4,290	3,834	4,146	3,861	1,748	4,255	13,060	15,133
Less:
Personnel expenses	944	808	923	898	931	945	903	787	3,701	3,438
Depreciation and amortisation	59	46	59	44	61	75	538	15	717	180
Other operating expenses	698	708	784	740	748	749	(143)	646	2,088	2,843
Total operating expenses	1,701	1,562	1,766	1,682	1,740	1,769	1,298	1,448	6,506	6,461
Operating profit before tax on financial services	1,175	1,621	2,524	2,152	2,406	2,092	450	2,807	6,554	8,672
Less: Tax on financial services	442	396	690	382	674	622	196	687	2,002	2,087
Profit before income tax expense	733	1,225	1,834	1,770	1,732	1,470	254	2,120	4,552	6,585
Less: Income tax expense	253	341	633	552	574	547	149	729	1,609	2,169
Profit for the period	480	884	1,201	1,218	1,158	923	105	1,391	2,943	4,416

Statement of Financial Position

	Company
	1st Quarter As at 30 June		2nd Quarter As at 30 September		3rd Quarter As at 31 December		4th Quarter As at 31 March
Rs. million	2019	2018	2019	2018	2019	2018	2020	2019
Assets
Cash and cash equivalents	2,519	2,180	2,359	2,529	3,147	3,002	7,164	3,294
Balances with banks and financial institutions	3,499	3,016	3,583	3,076	3,683	3,157	3,207	3,404
Financial assets – Fair value through profit or loss	239	166	17	105	20	27	1,032	23
Loans and receivables – Amortised cost	149,263	144,107	148,476	149,221	146,991	154,522	147,748	151,708
Financial assets – Fair value through other comprehensive income	126	197	376	150	399	157	324	126
Debt instruments – Amortised cost	8,172	6,959	8,370	6,883	8,560	7,041	4,107	8,003
Investments in subsidiaries	3,214	3,214	3,214	3,214	3,214	3,214	3,214	3,214
Investment in associate	–	586	–	586	–	586	–	238
Property, plant and equipment	1,069	1,146	1,080	1,078	1,139	1,122	1,144	1,098
Goodwill and intangible assets	308	345	298	342	285	316	258	325
Right-of-use assets	–	–	–	–	–	–	1,939	84
Deferred tax assets	–	–	–	–	–	–	376	–
Leasehold property	83	86	83	86	82	85	–	–
Other assets	891	854	975	981	1,001	1,070	1,147	1,024
Total assets	169,383	162,856	168,831	168,251	168,521	174,299	171,660	172,541
Liabilities
Due to banks	17,207	25,222	11,897	29,549	11,799	33,998	7,938	27,274
Due to customers	95,792	70,106	99,746	71,518	101,687	74,205	106,701	88,369
Debt securities issued	20,504	32,216	21,097	30,599	17,952	28,793	18,479	21,275
Other financial liabilities	2,282	3,890	2,932	3,673	3,616	3,852	3,014	2,480
Lease liabilities	–	–	–	–	–	–	1,909	–
Current tax liabilities	2,242	49	667	308	838	589	1,803	2,238
Deferred tax liabilities	837	2,276	837	2,276	837	2,276	–	837
Other liabilities	1,436	2,066	1,469	1,992	1,566	2,446	1,570	1,465
Total liabilities	140,300	135,825	138,645	139,915	138,295	146,159	141,414	143,938
Equity
Capital	13,236	13,236	13,915	13,236	13,915	13,236	13,915	13,236
Statutory reserve fund	2,082	1,876	2,142	1,938	2,200	1,986	2,205	2,058
Retained earnings	13,818	11,493	14,169	13,190	14,127	12,932	14,228	13,362
Other reserves	(53)	426	(40)	(28)	(16)	(14)	(102)	(53)
Total equity	29,083	27,031	30,186	28,336	30,226	28,140	30,246	28,603
Total liabilities and equity	169,383	162,856	168,831	168,251	168,521	174,299	171,660	172,541