BANK | GROUP | ||||
For the year ended 31 December | Notes | 2020 LKR ’000 |
2019 LKR ’000 |
2020 LKR ’000 |
2019 LKR ’000 |
Gross income | 10 | 43,299,800 | 43,297,015 | 43,604,447 | 43,648,287 |
Interest income | 39,089,986 | 42,060,055 | 39,095,445 | 42,062,054 | |
Interest expenses | 28,083,159 | 29,397,598 | 28,052,259 | 29,363,105 | |
Net interest income | 11 | 11,006,827 | 12,662,457 | 11,043,186 | 12,698,949 |
Fee and commission income | 2,193,474 | 2,165,314 | 2,192,557 | 2,162,006 | |
Fee and commission expenses | 132,157 | 119,603 | 132,157 | 119,603 | |
Net fee and commission income | 12 | 2,061,317 | 2,045,711 | 2,060,400 | 2,042,403 |
Net gain/(loss) from trading | 13 | 479,153 | (87,116) | 479,153 | (87,116) |
Net loss from financial instruments at fair value through profit or loss |
14 | (497,931) | (2,633,183) | (497,931) | (2,633,183) |
Net gains from derecognition of financial assets | 15 | 510,386 | 209,890 | 510,386 | 209,890 |
Net other operating income | 16 | 1,524,732 | 1,582,055 | 1,824,837 | 1,934,636 |
Total operating income | 15,084,484 | 13,779,814 | 15,420,031 | 14,165,579 | |
Impairment for loans and other losses | 17 | 3,297,892 | 1,668,913 | 3,327,892 | 1,689,313 |
Net operating income | 11,786,592 | 12,110,901 | 12,092,139 | 12,476,266 | |
Operating expenses | |||||
Personnel expenses | 18 | 3,399,704 | 3,724,407 | 3,588,172 | 3,894,734 |
Depreciation and amortisation | 19 | 919,657 | 843,656 | 970,958 | 901,410 |
Other expenses | 20 | 3,067,229 | 3,005,111 | 2,995,346 | 3,014,501 |
Operating profit before taxes on financial services | 4,400,002 | 4,537,727 | 4,537,663 | 4,665,621 | |
Taxes on financial services | 21 | 1,001,562 | 1,548,462 | 1,001,562 | 1,548,462 |
Operating profit after taxes on financial services | 3,398,440 | 2,989,265 | 3,536,101 | 3,117,159 | |
Share of profits of associate and joint venture | – | – | 407,785 | 191,281 | |
Profit before income tax | 3,398,440 | 2,989,265 | 3,943,886 | 3,308,440 | |
Income tax expense | 22 | 1,010,405 | 915,397 | 1,097,101 | 1,008,146 |
Profit for the year | 2,388,035 | 2,073,868 | 2,846,785 | 2,300,294 | |
Profit attributable to: | |||||
Equity holders of the Bank | 2,388,035 | 2,073,868 | 2,744,961 | 2,213,529 | |
Non-controlling interests | – | – | 101,824 | 86,765 | |
Profit for the year | 2,388,035 | 2,073,868 | 2,846,785 | 2,300,294 | |
Earnings per share | |||||
Basic/diluted earnings per ordinary share (LKR) | 23 | 7.83 | 7.14 | 9.00 | 7.62 |
The notes to the financial statements form part of these financial statements.