Statement of profit or loss

		BANK			GROUP
For the year ended 31 December	Note	2014 LKR ’000	2013 LKR ’000	Change %	2014 LKR ’000	2013 LKR ’000	Change %

Gross income	4	24,961,945	29,656,420	(16)	26,204,626	25,303,305	4
Interest income	5.1	20,974,578	20,603,610	2	21,151,976	20,765,842	2
Interest expenses	5.4	13,299,977	13,791,503	(4)	13,238,571	13,754,264	(4)
Net interest income	5	7,674,601	6,812,107	13	7,913,405	7,011,578	13
Fee and commission income	6	1,866,242	1,614,106	16	2,564,095	2,411,273	6
Net gains/(losses) from trading	7	910,027	953,325	(5)	910,027	953,325	(5)
Net gains/(losses) from financial investments	8	716,507	318,303	125	1,330,407	914,968	45
Other operating income	9	494,591	6,167,076	(92)	248,121	257,897	(4)
Total operating income		11,661,968	15,864,917	(26)	12,966,055	11,549,041	12
Impairment for loans and receivables and other losses	10	566,003	1,238,202	(54)	528,708	1,260,765	(58)
Net operating income		11,095,965	14,626,715	(24)	12,437,347	10,288,276	21
Less: Operating expenses
Personnel expenses	11	2,872,738	2,389,144	20	3,172,387	2,660,281	19
Other expenses	12	2,436,454	2,555,059	(5)	2,738,228	2,903,594	(6)
Total operating expenses		5,309,192	4,944,203	7	5,910,615	5,563,875	6
Operating profit before tax on financial services		5,786,773	9,682,512	(40)	6,526,732	4,724,401	38
Tax on financial services	13	(1,029,250)	(910,500)	13	(1,029,250)	(910,500)	13
Operating profit after tax on financial services		4,757,523	8,772,012	(46)	5,497,482	3,813,901	44
Share of associate companies' profits/(losses)	14	–	–	–	97,274	49,220	98
Profit before taxation		4,757,523	8,772,012	(46)	5,594,756	3,863,121	45
Taxation	15	(1,339,459)	(1,048,776)	28	(1,348,784)	(1,150,893)	17
Profit for the year		3,418,064	7,723,236	(56)	4,245,972	2,712,228	57
Profit attributable to equity holders of the parent		3,418,064	7,723,236	(56)	4,133,932	2,641,925	56
Non-controlling interests		–	–	–	112,040	70,303	59
		3,418,064	7,723,236	(56)	4,245,972	2,712,228	57

Earnings Per Share on Profit	16
Basic Earnings Per Share (in LKR)		–	–	–	25.14	16.48	53
Diluted Earnings Per Share (in LKR)		–	–	–	25.11	16.47	52
Dividend Per Share (in LKR)	17	11.00	10.00	–

The Notes to the Financial Statements are an integral part of these Financial Statements.