| BANK | GROUP | ||||
| Notes | Year ended
31 December
2016
LKR 000 |
9 months ended
31 December
2015
LKR 000 |
Year ended
31 December
2016
LKR 000 |
9 months ended
31 December
2015 LKR 000 |
|
| Income | 10 | 26,753,895 | 10,036,280 | 26,980,083 | 17,502,868 |
| Interest income | 24,194,158 | 8,918,343 | 24,206,112 | 15,308,568 | |
| Interest expenses | 15,293,022 | 5,560,354 | 15,262,906 | 8,923,243 | |
| Net interest income | 11 | 8,901,136 | 3,357,989 | 8,943,206 | 6,385,325 |
| Fee and commission income | 1,309,049 | 400,066 | 1,309,049 | 1,179,505 | |
| Fee and commission expenses | – | 1,208 | – | 9,914 | |
| Net fee and commission income | 12 | 1,309,049 | 398,858 | 1,309,049 | 1,169,591 |
| Net gain from trading | 13 | 340,456 | 87,062 | 340,456 | 215,575 |
| Net (loss)/gain from financial instruments at fair value through profit or loss |
14 | (179,727) | (330) | (179,727) | 74,583 |
| Net gain from financial investments | 15 | 1,165,389 | 640,637 | 1,081,129 | 507,528 |
| Other operating (loss)/income – net | 16 | (75,430) | (9,498) | 223,064 | 217,109 |
| Total operating income | 11,460,873 | 4,474,718 | 11,717,177 | 8,569,711 | |
| Impairment for loans and other losses | 17 | 937,267 | 224,939 | 916,344 | 795,327 |
| Net operating income | 10,523,606 | 4,249,779 | 10,800,833 | 7,774,384 | |
| Operating expenses | |||||
| Personnel expenses | 18 | 2,809,742 | 1,248,261 | 2,980,069 | 2,629,739 |
| Other expenses | 19 | 2,314,224 | 1,069,755 | 2,321,637 | 2,080,538 |
| Operating profit before value added tax and nation building tax on financial services |
5,399,640 | 1,931,763 | 5,499,127 | 3,064,107 | |
| Value added tax and nation building tax on financial services |
20 | 986,110 | 342,498 | 986,110 | 589,330 |
| Operating profit after value added tax and nation building tax on financial services |
4,413,530 | 1,589,265 | 4,513,017 | 2,474,777 | |
| Share of profits of associate and joint venture | – | – | 161,151 | 78,693 | |
| Profit before income tax | 4,413,530 | 1,589,265 | 4,674,168 | 2,553,470 | |
| Income tax expense | 21 | 1,124,807 | 520,915 | 1,205,094 | 911,842 |
| Profit for the year/period | 3,288,723 | 1,068,350 | 3,469,074 | 1,641,628 | |
| Profit attributable to: | |||||
| Equity holders of the Bank | 3,288,723 | 1,068,350 | 3,414,980 | 1,592,303 | |
| Non-controlling interests | 54,094 | 49,325 | |||
| Profit for the year/period | 3,288,723 | 1,068,350 | 3,469,074 | 1,641,628 | |
| Basic earnings per ordinary share (LKR) | 22 | 12.41 | 4.03 | 12.88 | 6.01 |
The notes to the financial statements form part of these financial statements.
