Income Statement

Income Statement

BANK GROUP
For the year ended 31 March Notes 2015
LKR 000 		2014
LKR 000		 2015
LKR 000 		2014
LKR 000
Restated
Income 11 10,394,085 10,480,950 20,093,711 20,375,847
Interest income 8,010,024 9,529,636 16,098,667 18,479,672
Interest expense 4,675,447 4,894,390 9,407,584 10,560,229
Net interest income 12 3,334,577 4,635,246 6,691,083 7,919,443
Fee and commission income 167,995 115,296 1,137,267 849,105
Fee and commission expense – – 17,303 6,442
Net fee and commission income 13 167,995 115,296 1,119,964 842,663
Net gain from trading 14 146,679 33,565 479,988 212,306
Net gain/(loss) from financial instruments at fair value through profit or loss 15 656,512 (386,281) 678,217 (323,943)
Net gain from financial investments 16 2,150,427 1,211,493 2,201,070 1,152,989
Other operating (loss)/income (net) 17 (737,552) (22,759) (501,498) 5,718
Total operating income 5,718,638 5,586,560 10,668,824 9,809,176
Impairment write back/(charge) for loans and other losses 18 307,564 (323,524) (246,556) (1,221,722)
Net operating income 6,026,202 5,263,036 10,422,268 8,587,454
Operating expenses
Personnel expenses 19 943,041 906,496 2,212,600 1,996,416
Other expenses 20 726,627 712,964 2,062,896 1,968,512
Operating profit before value added tax and nation building tax on financial services 4,356,534 3,643,576 6,146,772 4,622,526
Value added tax and nation building tax on financial services 21 585,244 433,006 884,072 602,040
Operating profit after value added tax and nation building tax on financial services 3,771,290 3,210,570 5,262,700 4,020,486
Share of profits of associate and joint venture 153,270 96,966
Profit before tax 3,771,290 3,210,570 5,415,970 4,117,452
Tax expense 22 530,942 623,120 977,358 902,439
Profit for the year 3,240,348 2,587,450 4,438,612 3,215,013
Profit attributable to:
- Equity holders of the Bank 3,240,348 2,587,450 4,362,256 3,151,400
- Non-controlling interests 76,356 63,613
Profit for the year 3,240,348 2,587,450 4,438,612 3,215,013
Basic earnings per ordinary share (LKR) 23 12.22 9.76 16.46 11.89
Dividend per share (LKR) 6.00 5.50 6.00 5.50

The notes to the financial statements form part of these financial statements.

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