Financial Reports

Statement of Comprehensive Income

For the year ended 31 December	Note	2020 LKR	2019 LKR
Interest income		15,442,002,803	15,079,323,806
Interest expenses		(9,314,576,405)	(9,382,528,920)
Net interest income	3	6,127,426,398	5,696,794,886
Fee and commission income		390,619,231	237,656,461
Fee and commission expenses		(14,334,115)	(6,506,626)
Net fee and commission income	4	376,285,116	231,149,835
Net gains/(losses) from trading	5	5,228,460	1,264,727
Net fair value gains/(losses) of financial assets at fair value through profit or loss	6	268,709,636	114,889,449
Net other operating income	7	55,227,102	90,968,785
Total operating income		6,832,876,712	6,135,067,682
Impairment for loans and other losses	8	(417,038,505)	(917,433,506)
Net operating income		6,415,838,207	5,217,634,176
Personnel expenses	9	(2,576,773,302)	(2,116,347,930)
Depreciation and amortisation expenses	10	(454,568,998)	(431,192,597)
Other expenses	11	(1,400,538,554)	(1,420,073,045)
Operating profit before value added tax (VAT) and nation building tax (NBT) on financial services		1,983,957,352	1,250,020,604
Value added tax (VAT) on financial services		(571,027,269)	(386,522,109)
Nation building tax (NBT) on financial services		–	(51,106,360)
Debt repayment levy (DRL)		–	(226,564,695)
Operating profit/(loss) after VAT and NBT on financial services		1,412,930,083	585,827,440
Profit before tax		1,412,930,083	585,827,440
Tax expenses	12	(576,642,736)	(332,422,344)
Profit for the year		836,287,347	253,405,096
Other comprehensive income
Other comprehensive income/(expenses) not to be reclassified to profit or loss
Actuarial losses on defined benefit plans	30.1.2	(1,854,991)	(41,587,781)
Deferred tax relating to defined benefit plans	12.2.1	519,397	11,644,579
Loss arising on re-measuring investments in equity instruments designated at fair value through other comprehensive income	19.1.1	–	(3,209,534)
Other comprehensive income for the year net of tax		(1,335,594)	(33,152,736)
Total comprehensive income for the year		834,951,754	220,252,360
Earnings per share on profit
Basic/diluted earnings per share – (LKR)	13	11.05	4.50

The Accounting Policies and Notes on pages 142 through 194 form an integral part of the Financial Statements.