VALUE ADDED STATEMENT
An analysis of the Bank's value creation and allocation among the key stakeholder groups is depicted below;
2023
2022
Change
LKR million
LKR million
%
Value Creation
Income earned by providing banking services
545,800
494,578
10
Cost of Services
(403,034)
(252,715)
59
Value added by banking services
142,766
241,863
(41)
Non-banking income
(3,613)
18,571
(119)
Impairment charges for loans and other losses
4,906
(87,156)
(106)
144,059
173,278
(17)
Value Allocation
To Employees
Salaries, Wages and Other Benefits
29,818
28,991
3
To Government
Dividends paid to the Government of Sri Lanka
173
346
(50)
Income Tax
13,111
13,550
(3)
Surcharge tax
-
6,739
(100)
Taxes on financial services
12,664
11,313
12
25,948
31,948
(19)
To Community
Social responsibility projects
130
60
117
To Providers of External Funds
Interest on other borrowings
45,200
89,293
(49)
Interest on debt issued
12,052
8,358
44
57,252
97,651
(41)
To Expansion and Growth
Retained Profit
26,520
31,626
(16)
Surcharge Tax
-
(6,739)
(100)
Depreciation and amortisation
3,853
4,287
(10)
Deferred Taxation
538
(14,546)
(104)
30,911
14,628
111
144,059
173,278
(17)