Income Statement
| GROUP | BANK | ||||||
| For the year ended December 31, | Note | 2018 Rs. ’000 |
2017 Rs. ’000 |
Change % |
2018 Rs. ’000 |
2017 Rs. ’000 |
Change % |
| Gross income | 13 | 139,657,195 | 115,605,156 | 20.81 | 138,049,307 | 114,357,349 | 20.72 |
| Interest income | 14.1 | 118,551,239 | 104,049,102 | 13.94 | 117,465,670 | 103,034,386 | 14.01 |
| Less: Interest expense | 14.2 | 72,933,030 | 64,481,804 | 13.11 | 72,523,912 | 64,010,991 | 13.30 |
| Net interest income | 14 | 45,618,209 | 39,567,298 | 15.29 | 44,941,758 | 39,023,395 | 15.17 |
| Fee and commission income | 15.1 | 12,494,090 | 10,510,800 | 18.87 | 11,988,070 | 10,169,211 | 17.89 |
| Less: Fee and commission expense | 15.2 | 1,859,698 | 1,586,334 | 17.23 | 1,837,900 | 1,566,851 | 17.30 |
| Net fee and commission income | 15 | 10,634,392 | 8,924,466 | 19.16 | 10,150,170 | 8,602,360 | 17.99 |
| Net gains/(losses) from trading | 16 | (3,033,236) | 233,956 | (1,396.50) | (3,033,236) | 233,956 | (1,396.50) |
| Net gains/(losses) from derecognition of
financial assets
|
17 | 272,004 | 91,272 | 198.01 | 272,004 | 91,272 | 198.01 |
| Net other operating income | 18 | 11,373,098 | 720,026 | 1,479.54 | 11,356,799 | 828,524 | 1,270.73 |
| Total operating income | 64,864,467 | 49,537,018 | 30.94 | 63,687,495 | 48,779,507 | 30.56 | |
| Less: Impairment charges and other losses | 19 | 8,833,362 | 989,315 | 792.88 | 8,575,199 | 677,642 | 1,165.45 |
| Net operating income | 56,031,105 | 48,547,703 | 15.41 | 55,112,296 | 48,101,865 | 14.57 | |
| Less: Expenses | |||||||
| Personnel expenses | 20 | 13,289,668 | 11,338,517 | 17.21 | 13,070,939 | 11,268,016 | 16.00 |
| Depreciation and amortisation | 21 | 1,603,118 | 1,416,927 | 13.14 | 1,469,109 | 1,307,804 | 12.33 |
| Other operating expenses | 22 | 8,993,958 | 7,618,993 | 18.05 | 8,929,179 | 7,461,964 | 19.66 |
| Total operating expenses | 23,886,744 | 20,374,437 | 17.24 | 23,469,227 | 20,037,784 | 17.12 | |
| Operating profit before taxes on financial services | 32,144,361 | 28,173,266 | 14.10 | 31,643,069 | 28,064,081 | 12.75 | |
| Less: Taxes on financial services | 23 | 6,051,861 | 4,896,620 | 23.59 | 6,051,861 | 4,881,137 | 23.98 |
| Operating profit after taxes on financial services | 26,092,500 | 23,276,646 | 12.10 | 25,591,208 | 23,182,944 | 10.39 | |
| Share of profits of associates, net of tax | 39.1 | 6,048 | 3,678 | 64.44 | – | – | – |
| Profit before tax | 26,098,548 | 23,280,324 | 12.11 | 25,591,208 | 23,182,944 | 10.39 | |
| Less: Income tax expense | 24 | 8,235,717 | 6,653,817 | 23.77 | 8,047,380 | 6,601,700 | 21.90 |
| Profit for the year | 17,862,831 | 16,626,507 | 7.44 | 17,543,828 | 16,581,244 | 5.81 | |
| Profit attributable to: | |||||||
| Equity holders of the Bank | 17,734,706 | 16,605,963 | 6.80 | 17,543,828 | 16,581,244 | 5.81 | |
| Non-controlling interest | 58 | 128,125 | 20,544 | 523.66 | – | – | – |
| Profit for the year | 17,862,831 | 16,626,507 | 7.44 | 17,543,828 | 16,581,244 | 5.81 | |
| Earnings per share | |||||||
| Basic earnings per ordinary share (Rs.) | 25.1 | 17.55 | 17.05 | 2.93 | 17.36 | 17.03 | 1.94 |
| Diluted earnings per ordinary share (Rs.) | 25.2 | 17.55 | 17.03 | 3.05 | 17.36 | 17.01 | 2.06 |
The Notes appearing on this Annual Report form an integral part of these Financial Statements.