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
|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|
|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|
|Profit for the Year||4,220,397||3,102,347|