BANK GROUP
For the year ended 31 December Note Page No. 2021
LKR ’000
2020
LKR ’000
2021
LKR ’000
2020
LKR ’000
Gross income 10 222 42,648,762 43,299,800 43,029,280 43,604,447
Interest income 36,599,000 39,089,986 36,599,512 39,095,445
Interest expenses 23,946,256 28,083,159 23,918,895 28,052,259
Net interest income 11 222 12,652,744 11,006,827 12,680,617 11,043,186
Fee and commission income 2,888,346 2,193,474 2,887,711 2,192,557
Fee and commission expenses 292,468 132,157 292,468 132,157
Net fee and commission income 12 225 2,595,878 2,061,317 2,595,243 2,060,400
Net gain from trading 13 226 844,898 479,153 844,898 479,153
Net loss from financial instruments at fair value through profit or loss 14 227 (247,268) (497,931) (247,268) (497,931)
Net gains from derecognition of financial assets 15 227 1,391,008 510,386 1,391,008 510,386
Net other operating income 16 228 1,172,778 1,524,732 1,553,419 1,824,837
Total operating income 18,410,038 15,084,484 18,817,917 15,420,031
Impairment for loans and other losses 17 229 4,485,288 3,297,892 4,485,288 3,327,892
Net operating income 13,924,750 11,786,592 14,332,629 12,092,139
Operating expenses
Personnel expenses 18 235 3,897,725 3,399,704 4,078,512 3,588,172
Depreciation and amortisation 19 237 1,023,851 919,657 1,074,173 970,958
Other expenses 20 237 3,459,642 3,067,229 3,400,862 2,995,346
Operating profit before taxes on financial services 5,543,532 4,400,002 5,779,082 4,537,663
Taxes on financial services 21 238 1,217,068 1,001,562 1,217,068 1,001,562
Operating profit after taxes on financial services 4,326,464 3,398,440 4,562,014 3,536,101
Share of profits of associate and joint venture 296,662 407,785
Profit before income tax 4,326,464 3,398,440 4,858,676 3,943,886
Income tax expense 22 239 1,104,601 1,010,405 1,193,565 1,097,101
Profit for the year 3,221,863 2,388,035 3,665,111 2,846,785
Profit attributable to:
Equity holders of the Bank 3,221,863 2,388,035 3,548,938 2,744,961
Non-controlling interests 116,173 101,824
Profit for the year 3,221,863 2,388,035 3,665,111 2,846,785
Earnings per share
Basic/diluted earnings per ordinary share (LKR) 23 242 10.14 7.83 11.17 9.00

The notes to the financial statements from pages 179 to 309 form part of these financial statements.