| Bank | Group | ||||||
|---|---|---|---|---|---|---|---|
| For the year ended 31st December | Note | 2024 | 2023 | Change | 2024 | 2023 | Change |
| Rs 000 | Rs 000 | % | Rs 000 | Rs 000 | % | ||
|
Gross income |
6 |
195,321,016 |
226,154,096 |
(14) |
206,569,194 |
236,504,470 |
(13) |
|
Interest income |
183,054,746 |
203,447,113 |
(10) |
192,358,624 |
212,458,617 |
(9) |
|
|
Less: Interest expense |
103,046,806 |
131,157,456 |
(21) |
107,696,550 |
137,015,683 |
(21) |
|
|
Net interest income |
7 |
80,007,940 |
72,289,657 |
11 |
84,662,074 |
75,442,934 |
12 |
|
Fee & commission income |
22,289,477 |
22,909,822 |
(3) |
22,981,135 |
23,544,833 |
(2) |
|
|
Less: Fee & commission expense |
4,780,225 |
4,023,353 |
19 |
4,783,742 |
4,025,896 |
19 |
|
|
Net fee & commission income |
8 |
17,509,252 |
18,886,469 |
(7) |
18,197,393 |
19,518,937 |
(7) |
|
Net (loss)/gain from trading |
9 |
(1,777,456) |
761,786 |
(333) |
(1,704,262) |
708,976 |
(340) |
|
Net (loss)/gain on derecognition of financial assets |
|||||||
| Capital gain on sale of financial assets |
10.1 |
1,134,815 |
591,711 |
92 |
1,090,027 |
599,423 |
82 |
|
Impact on restructuring of Sri Lanka International Sovereign Bonds |
10.2 |
(8,365,338) |
- |
(100) |
(8,365,338) |
- |
(100) |
|
Net other operating income |
11 |
(1,015,228) |
(1,556,336) |
35 |
209,008 |
(807,379) |
126 |
|
Total operating income |
87,493,985 |
90,973,287 |
(4) |
94,088,902 |
95,462,891 |
(1) |
|
|
Less: Impairment (reversal)/charge |
|||||||
|
Loans and advances |
12.1 |
2,771,348 |
18,066,669 |
(85) |
2,659,031 |
18,123,668 |
(85) |
|
Sri Lanka International Sovereign Bonds |
12.2 |
(15,787,060) |
5,540,457 |
(385) |
(15,787,060) |
5,540,457 |
(385) |
|
Other financial assets and credit related commitments |
12.3 |
1,287,669 |
(3,458,584) |
137 |
1,256,554 |
(3,454,523) |
136 |
|
Total impairment (reversal)/charge |
(11,728,043) |
20,148,542 |
(158) |
(11,871,475) |
20,209,602 |
(159) |
|
|
Net operating income |
99,222,028 |
70,824,745 |
40 |
105,960,377 |
75,253,289 |
41 |
|
|
Less: Operating expenses |
|||||||
|
Personnel expenses |
13 |
18,056,922 |
14,249,843 |
27 |
20,433,710 |
15,826,114 |
29 |
|
Depreciation & amortisation expenses |
14 |
3,088,048 |
2,644,499 |
17 |
3,009,836 |
2,554,373 |
18 |
|
Other operating expenses |
15 |
18,187,593 |
15,562,653 |
17 |
19,358,845 |
16,585,848 |
17 |
|
Total operating expenses |
39,332,563 |
32,456,995 |
21 |
42,802,391 |
34,966,335 |
22 |
|
|
Operating profit before taxes on financial services |
59,889,465 |
38,367,750 |
56 |
63,157,986 |
40,286,954 |
57 |
|
|
Less: Value added tax on financial services |
11,561,312 |
7,519,371 |
54 |
12,266,093 |
7,938,879 |
55 |
|
|
Social security contribution levy |
1,605,738 |
1,087,971 |
48 |
1,703,624 |
1,146,552 |
49 |
|
|
Total taxes on financial services |
13,167,050 |
8,607,342 |
53 |
13,969,717 |
9,085,431 |
54 |
|
|
Profit before income tax |
46,722,415 |
29,760,408 |
57 |
49,188,269 |
31,201,523 |
58 |
|
|
Less: Income tax expense |
16 |
19,401,803 |
12,620,329 |
54 |
20,485,009 |
13,277,241 |
54 |
|
Profit for the year |
27,320,612 |
17,140,079 |
59 |
28,703,260 |
17,924,282 |
60 |
|
|
Attributable to: |
|||||||
|
Equity holders of the Bank |
27,320,612 |
17,140,079 |
59 |
28,703,260 |
17,924,282 |
60 |
|
|
Non-controlling interest |
- |
- |
- |
||||
|
27,320,612 |
17,140,079 |
59 |
28,703,260 |
17,924,282 |
60 |
||
|
Earnings per share: Basic/Diluted (Rs) |
17 |
23.30 |
14.62 |
59 |
24.48 |
15.28 |
60 |
|
Dividend per share |
18 |
||||||
|
Dividend per share: Gross (Rs) |
9.35 |
5.85 |
|||||
|
Dividend per share: Net (Rs) |
7.95 |
4.97 |
|||||
*Based on proposed dividend which is to be approved at the Annual General Meeting.
*The Notes to the Financial Statements from pages 283 to 421 form an integral part of these Financial Statements.