STATEMENT OF COMPREHENSIVE INCOME IN USD
Bank
Group
For the year ended 31 December
2023
2022
2023
2022
USD ’000
USD ’000
USD ’000
USD ’000
Profit/ (Loss) for the year
82,407
88,052
85,260
87,712
Items that will be reclassified to the profit or loss
Exchange differences on translation of foreign operations
(6,105)
20,831
(7,058)
27,108
Net gains/ (losses) on cash flow hedge instruments
(62,883)
61,638
(62,883)
61,638
Net gains/ (losses) on investments in debt instruments measured at fair
value through other comprehensive income (FVTOCI)
511
3,660
842
3,615
Net (gains)/ losses on investment in financial assets at FVTOCI
reclassification to profit or loss
-
(16)
-
(16)
Deferred tax effect on above
(458)
(386)
(458)
(386)
Share of other comprehensive income of Associate companies, net of tax
-
-
(7)
(56)
Total items that will be reclassified to the profit or loss
(68,935)
85,727
(69,564)
91,904
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)
5,516
(863)
7,448
1,509
Deferred tax effect on above
(333)
(1,615)
(333)
(1,615)
Changes in revaluation surplus/ (deficit)
21,242
5,007
26,658
10,178
Deferred tax effect on above
(6,056)
(5,120)
(7,681)
(6,672)
Net actuarial gains/ (losses) on defined benefit plans
(58,471)
(10,590)
(58,721)
(10,457)
Deferred tax effect on above
17,541
4,033
17,614
3,915
Total items that will not be reclassified to the profit or loss
(20,561)
(9,148)
(15,015)
(3,142)
Other comprehensive income for the year, net of tax
(89,496)
76,580
(84,579)
88,762
Total comprehensive income for the year
(7,089)
164,631
681
176,474
Attributable to:
Equity holder of the Bank
(7,089)
164,631
487
176,776
Non-controlling interest
-
-
194
(302)
Total comprehensive income for the year
(7,089)
164,631
681
176,474
Exchange rate of 1 USD was LKR 323.9233 as at 31 December 2023. (LKR 363.1100 as at 31 December 2022)
The Statement of Comprehensive Income given in this page does not form part of the Audited Financial Statements and it is solely
for the convenience of the shareholders, investors, bankers and other interested parties of the Financial Statements of the Bank.