Home/ Leadership/ Message From the Chairman

Statement of Profit or Loss and Other Comprehensive Income

Print This Report Icon Add to Report Icon Download Chapter Icon

BANK GROUP
For the year ended 31 December 2021
LKR ’000 		2020
LKR ’000 		2021
LKR ’000 		2020
LKR ’000
Profit for the year 3,221,863 2,388,035 3,665,111 2,846,785
Other comprehensive income/(expenses) for the year, net of tax
Items that are or may be reclassified subsequently to income statement
Movement in fair value reserve [fair value through other comprehensive income (FVTOCI) debt instruments]:
Net change in fair value (2,469,369) 2,563,943 (2,469,384) 2,563,943
Reclassified to income statement (2,062,305) 52,918 (2,062,305) 52,918
Share of other comprehensive income of equity accounted joint venture and associate – – 61,748 26,284
Movement in hedging reserve:
Cash flow hedges – effective portion of changes in fair value 673,546 (13,622) 673,546 (13,622)
Cash flow hedges – reclassified to income statement (795,779) 15,420 (795,779) 15,420
Related deferred tax 1,142,242 (777,899) 1,142,242 (777,899)
Total other comprehensive (expenses)/income that are or may be reclassified subsequently to income statement (3,511,665) 1,840,760 (3,449,932) 1,867,044
Items that will not be reclassified to income statement
Losses on remeasurements of defined benefit liability/(asset) (59,388) (37,766) (56,323) (36,738)
Equity investments at FVTOCI – Net change in fair value (35,606) (1,533,286) (35,599) (1,533,286)
Share of other comprehensive income of equity accounted associate and joint venture – – 1,108 483
Related deferred tax 4,204 (26,297) 4,277 (26,322)
Total other comprehensive expenses on items that will not be reclassified to income statement (90,790) (1,597,349) (86,537) (1,595,863)
Other comprehensive (expenses)/income for the year, net of tax (3,602,455) 243,411 (3,536,469) 271,181
Total comprehensive (expenses)/income for the year (380,592) 2,631,446 128,642 3,117,966
Total comprehensive (expenses)/income attributable to:
Equity holders of the Bank (380,592) 2,631,446 12,173 3,016,442
Non-controlling interests – – 116,469 101,524
Total comprehensive (expenses)/income for the year (380,592) 2,631,446 128,642 3,117,966

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