| GROUP | BANK | ||||||
| For the year ended December 31, | Note | 2022 Rs. ’000 |
2021 Rs. ’000 |
Change % |
2022 Rs. ’000 |
2021 Rs. ’000 |
Change % |
| Profit for the year | 24,399,472 | 24,290,288 | 0.45 | 22,969,791 | 23,606,051 | (2.70) | |
| Other comprehensive income, net of tax | |||||||
| Items that will never be reclassified to profit or loss | |||||||
| Net actuarial gains/(losses) on defined benefit plans | (19,835) | 10,944 | (281.24) | (22,166) | 6,051 | (466.32) | |
| Gains/(losses) on remeasurement of defined benefit liability/asset | (85,582) | 33,309 | (356.93) | (88,363) | 26,549 | (432.83) | |
| Less: Deferred tax charge/(reversal) on actuarial gains/(losses) – includes the effect of tax rate change | (65,747) | 22,365 | (393.97) | (66,197) | 20,498 | (422.94) | |
| Net change in revaluation surplus | 55.1 | (884,829) | 589,166 | (250.18) | (799,110) | 532,740 | (250.00) |
| Changes in revaluation surplus/(deficit) | – | – | – | – | – | – | |
| Less: Deferred tax charge/(reversal) on revaluation surplus due to the effect of tax rate change | 884,829 | (589,166) | 250.18 | 799,110 | (532,740) | 250.00 | |
| Net change in fair value of investments in equity | (233,640) | 156,573 | (249.22) | (233,640) | 156,573 | (249.22) | |
| Change in fair value of investments in equity at fair value through other comprehensive income | (233,640) | 156,573 | (249.22) | (233,640) | 156,573 | (249.22) | |
| Transfer of fair value losses o/a reclassification of debt instruments from fair value through other comprehensive income to amortised cost, net of tax | 26,481,256 | – | 100.00 | 26,481,256 | – | 100.00 | |
| Gain on disposal of investments in equity instruments | 7,373 | – | 100.00 | 7,373 | – | 100.00 | |
| Share of other comprehensive income/(expense) of associate, net of tax | 37.1 | (1,399) | (1,512) | 7.47 | – | – | – |
| Items that are or may be reclassified to profit or loss | |||||||
| Net gains/(losses) arising from translating the Financial Statements of foreign operations | 55.4 | 18,347,815 | 1,278,891 | 1,334.67 | 14,876,983 | 1,152,856 | 1,190.45 |
| Net gains/(losses) on investment in financial assets at fair value through other comprehensive income | (14,194,634) | (12,598,258) | (12.67) | (14,188,698) | (12,599,079) | (12.62) | |
| Fair value gains/(losses) that arose during the year, net of tax | (15,536,105) | (12,917,795) | (20.27) | (15,530,169) | (12,918,616) | (20.22) | |
| Fair value gains/(losses) realised to the Income Statement on disposal, net of tax | (197,675) | (2,281,196) | 91.33 | (197,675) | (2,281,196) | 91.33 | |
| Fair value gains/(losses) recycled to the Income Statement as impairment, net of tax | 1,539,146 | 2,600,733 | (40.82) | 1,539,146 | 2,600,733 | (40.82) | |
| Cash flow hedges – effective portion of changes in fair value, net of tax | 55.6 | 92,896 | 46,169 | 101.21 | 92,896 | 46,169 | 101.21 |
| Other comprehensive income/(expense) for the year, net of tax | 29,595,003 | (10,518,027) | 381.37 | 26,214,894 | (10,704,690) | 344.89 | |
| Total comprehensive income for the year | 53,994,475 | 13,772,261 | 292.05 | 49,184,685 | 12,901,361 | 281.24 | |
| Attributable to: | |||||||
| Equity holders of the Bank | 51,939,463 | 13,435,179 | 286.59 | 49,184,685 | 12,901,361 | 281.24 | |
| Non-controlling interest | 2,055,012 | 337,082 | 509.65 | – | – | – | |
| Total comprehensive income for the year | 53,994,475 | 13,772,261 | 292.05 | 49,184,685 | 12,901,361 | 281.24 | |
The Notes 1 to 68 form an integral part of these Financial Statements.