Consolidated Income Statement of DFCC & DVB (DBB)

This information relates to the consolidation of DFCC Bank PLC (DFCC) and DFCC Vardhana Bank PLC (DVB) for purpose of internal review and analysis of the banking business and is derived from total Group financial statements.

Income statement of DVB for the year ended 31 December is consolidated with the income statement of DFCC for the year ended 31 March.

Reconciliation with Group financial statements audited by KPMG.

For the year ended 31 March	2015 LKR 000	2014 LKR 000
Income	19,870,921	20,214,370
Interest income	16,087,220	18,466,668
Interest expenses	9,428,337	10,598,761
Net Interest Income	6,658,883	7,867,907
Fee and commission income	1,056,910	820,969
Less: Fee and commission expense	17,303	6,442
Net Fee and Commission Income	1,039,607	814,527
Net gain/(loss) from trading	479,988	212,306
Net gain/(loss) from financial instruments at fair value through profit or loss	678,217	(323,943)
Net gain from financial investments	2,288,651	1,230,939
Other operating income (net)	(720,065)	(192,569)
Total Operating Income	10,425,281	9,609,167
Impairment charge/(write back) for loans and other losses	257,556	1,221,722
Net Operating Income	10,167,725	8,387,445
Less: Operating Expenses
Personnel expenses	2,016,172	1,829,807
Other operating expenses	2,091,109	1,973,666
Operating profit before value added tax and nation building tax on financial services	6,060,444	4,583,972
Value added tax and nation building tax on financial services	884,072	602,040
Profit Before Tax	5,176,372	3,981,932
Tax expense	955,975	879,585
Profit for the Year	4,220,397	3,102,347