Financial Reports

Income Statement

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.

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