Financial Statements

Statement of Comprehensive Income

Year ended 31 December	Note	2022 LKR	2021 LKR

Gross Income	6	24,034,136,119	15,477,595,919

Interest income		23,101,048,459	14,792,068,260
Less: Interest expenses		(16,261,994,676)	(8,018,419,381)
Net interest income	7	6,839,053,783	6,773,648,879

Fee and commission income		504,650,370	413,674,505
Less: Fee and commission expenses		(26,705,960)	(23,327,270)
Net fee and commission income	8	477,944,409	390,347,235

Net gain/(loss) from trading	9	(1,077,912)	4,143,851
Net fair value gain/(loss) of financial assets at fair value through profit or loss	10	166,508,518	234,933,928
Net other operating income	11	263,006,686	32,775,375
Total operating income		7,745,435,484	7,435,849,268

Less: Impairment for loans and other losses	12	(1,898,476,112)	(643,708,493)
Net operating income		5,846,959,371	6,792,140,775

Less: Operating expenses
Personnel expenses	13	(2,940,242,957)	(2,542,695,499)
Depreciation and amortisation expenses	14	(488,515,195)	(528,446,574)
Other expenses	15	(1,936,941,896)	(1,848,265,092)
Operating profit before Value Added Tax (VAT) on financial services		481,259,323	1,872,733,610

Less: Value Added Tax (VAT) on financial services		(366,401,606)	(542,925,824)
Less: Social Security Contribution Levy		(17,900,589)	-
Operating profit/(loss) after VAT on financial services		96,957,128	1,329,807,786

Profit before tax		96,957,128	1,329,807,786
Less: Tax expenses	16	(35,790,792)	(446,529,613)
Profit for the year		61,166,336	883,278,172

Other Comprehensive Income
Other Comprehensive Income/(Expenses) not to be reclassified to profit or loss
Actuarial gain/(loss) on defined benefit plans	33.1.2	(39,667,970)	34,300,730
Deferred tax relating to defined benefit plans	16.2.1	11,644,579	(8,232,175)
Revaluation Surplus on Property, Plant and Equipment	25.1	259,036,868	-
Other Comprehensive Income for the year net of tax		231,013,477	26,068,555

Total Comprehensive Income for the year		292,179,813	909,346,728

Earnings per share on profit
Basic/diluted earnings per share - (LKR).	17	0.38	7.63
Dividend per share: Gross (LKR)		-	-

The Accounting Policies and Notes on pages 176 through 261 from an integral part of the Financial Statements.