STATEMENT OF PROFIT OR LOSS
Bank
Group
For the year ended 31 December
Note
2023
2022
Change
2023
2022
Change
LKR ‘000
LKR ‘000
%
LKR ‘000
LKR ‘000
%
Total income
7
542,187,297
513,149,335
5.7
551,866,763
520,891,164
5.9
Interest income
524,797,842
456,267,458
15.0
532,477,761
463,203,346
15.0
Less : Interest expenses
433,610,256
329,921,080
31.4
436,967,649
333,434,454
31.1
Net interest income
8
91,187,586
126,346,378
(27.8)
95,510,112
129,768,892
(26.4)
Fee and commission income
25,875,048
22,837,771
13.3
26,235,325
23,165,682
13.3
Less : Fee and commission expenses
8,220,629
6,486,129
26.7
8,237,386
6,505,334
26.6
Net fee and commission income
9
17,654,419
16,351,642
8.0
17,997,939
16,660,348
8.0
Net gains/ (losses) from trading
10
(5,347,822)
17,602,384
(130.4)
(5,163,417)
17,678,455
(129.2)
Net fair value gains/ (losses) from financial
instruments at fair value through profit or loss 11
858,722
(804,438)
(206.7)
1,448,963
(956,745)
(251.4)
Net gains/ (losses) from derecognition of
financial assets
12
1,361,863
861,349
58.1
1,469,888
877,853
67.4
Net other operating income
13
(5,358,356)
16,384,811
(132.7)
(4,601,757)
16,922,573
(127.2)
Total operating income
100,356,412
176,742,126
(43.2)
106,661,728
180,951,376
(41.1)
Less : Impairment charge/ (reversal) for
loans and other losses
14
(4,906,277)
87,155,696
(105.6)
(5,048,666)
87,294,905
(105.8)
Net operating income
105,262,689
89,586,430
17.5
111,710,394
93,656,471
19.3
Less : Operating expenses
Personnel expenses
15
29,818,199
28,991,429
2.9
32,311,681
31,352,978
3.1
Depreciation and amortisation expenses 16
3,852,931
4,286,899
(10.1)
4,229,242
4,507,368
(6.2)
Other expenses
17
18,585,567
14,018,161
32.6
20,474,129
15,423,966
32.7
Total operating expenses
52,256,697
47,296,489
10.5
57,015,052
51,284,312
11.2
Operating profit/ (loss) before taxes on
financial services
53,005,992
42,289,941
25.3
54,695,342
42,372,159
29.1
Less : Taxes on financial services
18.1
12,663,569
11,313,292
11.9
12,955,824
11,442,505
13.2
Operating profit/ (loss) after taxes on
financial services
40,342,423
30,976,649
30.2
41,739,518
30,929,654
34.9
Share of profits/ (losses) of associate
companies, net of tax
19
-
-
-
33,507
122,847
(72.7)
Profit/ (loss) before income tax
40,342,423
30,976,649
30.2
41,773,025
31,052,501
34.5
Less : Income tax expense/ (reversal)
18.2
13,648,897
(995,759)
(1,470.7)
14,155,438
(796,516)
(1,877.2)
Profit/ (loss) for the year
26,693,526
31,972,408
(16.5)
27,617,587
31,849,017
(13.3)
Profit attributable to :
Equity holder of the Bank
26,693,526
31,972,408
(16.5)
27,571,569
31,994,638
(13.8)
Non-controlling interest
-
-
-
46,018
(145,621)
(131.6)
Profit/ (loss) for the year
26,693,526
31,972,408
(16.5)
27,617,587
31,849,017
(13.3)
Earnings per share and dividend per share
20
Basic earnings per share (LKR)
1,067.74
1,278.90
(16.5)
1,102.86
1,279.79
(13.8)
Diluted earnings per share (LKR)
1,037.45
1,272.08
(18.4)
1,071.57
1,272.96
(15.8)
Dividend per share (LKR)
6.93
13.86
(50.0)
6.93
13.86
(50.0)
The Notes to the Financial Statements from pages 176 to 351 form an integral part of these Financial Statements.