| GROUP | Bank | ||||||
| For the year ended December 31, | Note | 2022 Rs. ’000 |
2021 Rs. ’000 |
Change % |
2022 Rs. ’000 |
2021 Rs. ’000 |
Change % |
| Gross income | 12 | 280,386,944 | 163,675,312 | 71.31 | 275,443,682 | 160,885,882 | 71.20 |
| Interest income | 13.1 | 222,393,079 | 132,818,178 | 67.44 | 218,326,576 | 130,443,030 | 67.37 |
| Less: Interest expense | 13.2 | 137,727,868 | 66,401,846 | 107.42 | 136,582,546 | 65,832,418 | 107.47 |
| Net interest income | 13 | 84,665,211 | 66,416,332 | 27.48 | 81,744,030 | 64,610,612 | 26.52 |
| Fee and commission income | 14.1 | 26,191,530 | 15,917,337 | 64.55 | 25,463,976 | 15,410,402 | 65.24 |
| Less: Fee and commission expense | 14.2 | 6,022,429 | 3,675,143 | 63.87 | 5,972,708 | 3,658,939 | 63.24 |
| Net fee and commission income | 14 | 20,169,101 | 12,242,194 | 64.75 | 19,491,268 | 11,751,463 | 65.86 |
| Net gains/(losses) from trading | 15 | 35,297,450 | 1,936,007 | 1,723.21 | 35,297,450 | 1,936,007 | 1,723.21 |
| Net gains/(losses) from derecognition of financial assets |
16 | 276,884 | 3,001,574 | (90.78) | 276,884 | 3,001,574 | (90.78) |
| Net other operating income | 17 | (3,771,999) | 10,002,216 | (137.71) | (3,921,204) | 10,094,869 | (138.84) |
| Total operating income | 136,636,647 | 93,598,323 | 45.98 | 132,888,428 | 91,394,525 | 45.40 | |
| Less: Impairment charges and other losses | 18 | 71,924,260 | 25,139,926 | 186.10 | 71,461,622 | 24,692,343 | 189.41 |
| Net operating income | 64,712,387 | 68,458,397 | (5.47) | 61,426,806 | 66,702,182 | (7.91) | |
| Less: Expenses | |||||||
| Personnel expenses | 19 | 19,788,283 | 16,799,212 | 17.79 | 19,112,546 | 16,321,317 | 17.10 |
| Depreciation and amortisation | 20 | 3,598,371 | 3,220,066 | 11.75 | 3,563,476 | 3,178,628 | 12.11 |
| Other operating expenses | 21 | 12,895,587 | 9,638,461 | 33.79 | 12,260,183 | 9,391,810 | 30.54 |
| Total operating expenses | 36,282,241 | 29,657,739 | 22.34 | 34,936,205 | 28,891,755 | 20.92 | |
| Operating profit before taxes on financial services | 28,430,146 | 38,800,658 | (26.73) | 26,490,601 | 37,810,427 | (29.94) | |
| Less: Taxes on financial services | 22 | 3,921,381 | 5,845,230 | (32.91) | 3,892,216 | 5,809,224 | (33.00) |
| Operating profit after taxes on financial services | 24,508,765 | 32,955,428 | (25.63) | 22,598,385 | 32,001,203 | (29.38) | |
| Share of profit/(loss) of associate, net of tax | 37.1 | (3,727) | 1,896 | (296.57) | – | – | – |
| Profit before tax | 24,505,038 | 32,957,324 | (25.65) | 22,598,385 | 32,001,203 | (29.38) | |
| Less: Income tax expense/(reversal) | 23 | 105,566 | 8,667,036 | (98.78) | (371,406) | 8,395,152 | (104.42) |
| Profit for the year | 24,399,472 | 24,290,288 | 0.45 | 22,969,791 | 23,606,051 | (2.70) | |
| Profit attributable to: | |||||||
| Equity holders of the Bank | 23,811,914 | 24,062,469 | (1.04) | 22,969,791 | 23,606,051 | (2.70) | |
| Non-controlling interest | 56 | 587,558 | 227,819 | 157.91 | – | – | – |
| Profit for the year | 24,399,472 | 24,290,288 | 0.45 | 22,969,791 | 23,606,051 | (2.70) | |
| Earnings per share | |||||||
| Basic earnings per ordinary share (Rs.) | 24.1 | 19.21 | 19.41 | (1.03) | 18.53 | 19.04 | (2.68) |
| Diluted earnings per ordinary share (Rs.) | 24.1 | 19.21 | 19.41 | (1.03) | 18.53 | 19.04 | (2.68) |
The Notes 1 to 68 form an integral part of these Financial Statements.