Income Statement
GROUP | BANK | ||||||
For the year ended December 31, | Note | 2015 Rs. ’000 |
2014 Rs. ’000 |
Change % |
2015 Rs. ’000 |
2014 Rs. ’000 |
Change % |
Gross income | 11 | 78,225,397 | 72,848,203 | 7.38 | 77,867,952 | 72,752,229 | 7.03 |
Interest income | 66,339,317 | 61,932,876 | 7.11 | 66,030,456 | 61,832,018 | 6.79 | |
Less: Interest expenses | 35,771,967 | 34,613,052 | 3.35 | 35,685,172 | 34,610,179 | 3.11 | |
Net interest income | 12 | 30,567,350 | 27,319,824 | 11.89 | 30,345,284 | 27,221,839 | 11.47 |
Fees and commission income | 6,329,900 | 5,613,684 | 12.76 | 6,275,276 | 5,592,744 | 12.20 | |
Less: Fees and commission expenses | 919,590 | 764,322 | 20.31 | 901,190 | 761,527 | 18.34 | |
Net fees and commission income | 13 | 5,410,310 | 4,849,362 | 11.57 | 5,374,086 | 4,831,217 | 11.24 |
Net gains/(losses) from trading | 14 | 813,376 | (305,492) | 366.25 | 813,376 | (305,492) | 366.25 |
Net gains/(losses) from financial instruments designated at fair value through profit or loss | – | – | – | – | – | – | |
Net gains/(losses) from financial investments | 15 | 693,987 | 2,272,575 | (69.46) | 693,933 | 2,272,575 | (69.46) |
Other income (net) | 16 | 4,048,817 | 3,334,560 | 21.42 | 4,054,911 | 3,360,384 | 20.67 |
Total operating income | 41,533,840 | 37,470,829 | 10.84 | 41,281,590 | 37,380,523 | 10.44 | |
Less: Impairment charges for loans and other losses | 17 | 4,099,738 | 3,208,638 | 27.77 | 3,943,196 | 3,229,144 | 22.11 |
Net operating income | 37,434,102 | 34,262,191 | 9.26 | 37,338,394 | 34,151,379 | 9.33 | |
Less: Expenses | |||||||
Personnel expenses | 18 | 10,260,750 | 8,956,323 | 14.56 | 10,180,537 | 8,903,048 | 14.35 |
Depreciation and amortisation | 19 | 1,206,172 | 1,262,000 | (4.42) | 1,141,804 | 1,200,546 | (4.89) |
Other operating expenses | 20 | 5,954,483 | 5,501,963 | 8.22 | 5,983,088 | 5,622,578 | 6.41 |
Total operating expenses | 17,421,405 | 15,720,286 | 10.82 | 17,305,429 | 15,726,172 | 10.04 | |
Operating profit before Value Added Tax (VAT) and Nation Building Tax (NBT) | 20,012,697 | 18,541,905 | 7.93 | 20,032,965 | 18,425,207 | 8.73 | |
Less: Value Added Tax (VAT) on financial services and Nation Building Tax (NBT) | 2,890,224 | 2,688,551 | 7.50 | 2,889,355 | 2,688,991 | 7.45 | |
Operating Profit after Value Added Tax (VAT) and Nation Building Tax (NBT) | 17,122,473 | 15,853,354 | 8.01 | 17,143,610 | 15,736,216 | 8.94 | |
Share of profits of associates, net of tax | 13,638 | 6,563 | 107.80 | – | – | – | |
Profit before tax | 17,136,111 | 15,859,917 | 8.05 | 17,143,610 | 15,736,216 | 8.94 | |
Less: Income tax expense | 21 | 5,276,851 | 4,617,124 | 14.29 | 5,240,386 | 4,556,035 | 15.02 |
Profit for the year | 11,859,260 | 11,242,793 | 5.48 | 11,903,224 | 11,180,181 | 6.47 | |
Profit Attributable to: | |||||||
Equity holders of the Bank | 11,855,172 | 11,238,892 | 5.48 | 11,903,224 | 11,180,181 | 6.47 | |
Non-controlling interest | 4,088 | 3,901 | 4.79 | – | – | – | |
Profit for the year | 11,859,260 | 11,242,793 | 5.48 | 11,903,224 | 11,180,181 | 6.47 | |
Earnings per Share | |||||||
Basic earnings per ordinary share (Rs.) | 22 | 13.53 | 12.87 | 5.13 | 13.59 | 12.81 | 6.09 |
Diluted earnings per ordinary share (Rs.) | 22 | 13.51 | 12.82 | 5.38 | 13.57 | 12.75 | 6.43 |
The Notes form an integral part of these Financial Statements.