STATEMENT OF COMPREHENSIVE INCOME
Bank
Group
For the year ended 31 December
2023
2022
Change
2023
2022
Change
LKR ‘000
LKR ‘000
%
LKR ‘000
LKR ‘000
%
Profit/ (loss) for the year
26,693,526
31,972,408
(16.5)
27,617,587
31,849,017
(13.3)
Items that will be reclassified to the
profit or loss
Exchange differences on translation of foreign
operations
(1,977,563)
7,564,044
(126.1)
(2,286,201)
9,843,204
(123.2)
Net gains / (losses) on cash flow hedge
instruments
(20,369,118)
22,381,369
(191.0)
(20,369,118)
22,381,369
(191.0)
Net gains/ (losses) on investments in debt
instruments measured at fair value through other
comprehensive income (FVTOCI)
165,673
1,328,890
(87.5)
272,685
1,312,732
(79.2)
Net (gains)/ losses on investment in financial assets
at FVTOCI reclassification to profit or loss
-
(5,631)
(100.0)
-
(5,631)
(100.0)
Deferred tax effect on above
(148,518)
(140,185)
5.9
(148,518)
(140,185)
5.9
Share of other comprehensive income of Associate
companies, net of tax
-
-
-
(2,109)
(20,342)
(89.6)
Total items that will be reclassified to the
profit or loss
(22,329,526)
31,128,487
(171.7)
(22,533,261)
33,371,147
(167.5)
Items that will not be reclassified to the
profit or loss
Change in fair value on investments in equity
instruments measured at fair value through other
comprehensive income (FVTOCI)
1,786,818
(313,328)
(670.3)
2,412,486
547,780
340.4
Deferred tax effect on above
(107,990)
(586,301)
(81.6)
(107,990)
(586,301)
(81.6)
Changes in revaluation surplus/ (deficit)
6,880,746
1,818,193
278.4
8,635,144
3,695,662
133.7
Deferred tax effect on above
(1,961,601)
(1,859,253)
5.5
(2,487,921)
(2,422,494)
2.7
Net actuarial gains/ (losses) on defined benefit
plans
(18,940,273)
(3,845,217)
392.6
(19,021,132)
(3,797,222)
400.9
Deferred tax effect on above
5,682,082
1,464,274
288.0
5,705,542
1,421,714
301.3
Total items that will not be reclassified to the
profit or loss
(6,660,218)
(3,321,632)
100.5
(4,863,871)
(1,140,861)
326.3
Other comprehensive income for the year, net of tax
(28,989,744)
27,806,855
(204.3)
(27,397,132)
32,230,286
(185.0)
Total comprehensive income for the year
(2,296,218)
59,779,263
(103.8)
220,455
64,079,303
(99.7)
Attributable to:
Equity holder of the Bank
(2,296,218)
59,779,263
(103.8)
157,628
64,189,129
(99.8)
Non-controlling interest
-
-
-
62,827
(109,826)
(157.2)
Total comprehensive income for the year
(2,296,218)
59,779,263
(103.8)
220,455
64,079,303
(99.7)
The Notes to the Financial Statements from pages 176 to 351 form an integral part of these Financial Statements.