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GROUP |
BANK |
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| For the year ended December 31, | Note | 2023 Rs. ’000 |
2022 Rs. ’000 |
Change % |
2023 Rs. ’000 |
2022 Rs. ’000 |
Change % |
| Profit for the year | 21,899,660 | 24,399,472 | (10.25) | 20,460,962 | 22,969,791 | (10.92) | |
| Other comprehensive income, net of tax | |||||||
| Items that will never be reclassified to profit or loss | |||||||
| Net actuarial gains/(losses) on defined benefit plans | (251,090) | (19,835) | (1,165.89) | (239,530) | (22,166) | (980.62) | |
Gains/(losses) on remeasurement of defined benefit liability/asset |
(304,616) | (85,582) | (255.93) | (288,101) | (88,363) | (226.04) | |
Less : Deferred tax charge/(reversal) on actuarial gains/(losses) |
(53,526) | (65,747) | 18.59 | (48,571) | (66,197) | 26.63 | |
| Net change in revaluation surplus | 55.1 | 1,341,641 | (884,829) | 251.63 | 1,012,171 | (799,110) | 226.66 |
Changes in revaluation surplus/(deficit) |
1,871,175 | – | 100.00 | 1,445,959 | – | 100.00 | |
Less : Deferred tax charge/(reversal) on revaluation surplus |
529,534 | 884,829 | (40.15) | 433,788 | 799,110 | (45.72) | |
| Net change in fair value of investments in equity | (13,481) | (233,640) | 94.23 | (13,481) | (233,640) | 94.23 | |
Change in fair value of investments in equity at fair value through other comprehensive income |
(13,481) | (233,640) | 94.23 | (13,481) | (233,640) | 94.23 | |
| 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 | 207 | (1,399) | 114.80 | – | – | – |
| 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 | (12,116,058) | 18,347,815 | (166.04) | (11,086,172) | 14,876,983 | (174.52) |
| Net gains/(losses) on investment in financial assets at fair value through other comprehensive income |
1,905,017 | (14,194,634) | 113.42 | 1,898,733 | (14,188,698) | 113.38 | |
Fair value gains/(losses) that arose during the year, net of tax |
5,447,186 | (15,536,105) | 135.06 | 5,440,902 | (15,530,169) | 135.03 | |
Fair value gains/(losses) realised to the Income Statement on disposal, net of tax |
(3,542,169) | (197,675) | (1,691.92) | (3,542,169) | (197,675) | (1,691.92) | |
Fair value gains/(losses) recycled to the Income Statement as impairment, net of tax |
– | 1,539,146 | (100.00) | – | 1,539,146 | (100.00) | |
| Cash flow hedges – effective portion of changes in fair value, net of tax |
55.6 | (36,554) | 92,896 | (139.35) | (36,554) | 92,896 | (139.35) |
| Other comprehensive income/(expense) for the year, net of tax |
(9,170,318) | 29,595,003 | (130.99) | (8,464,833) | 26,214,894 | (132.29) | |
| Total comprehensive income for the year | 12,729,342 | 53,994,475 | (76.42) | 11,996,129 | 49,184,685 | (75.61) | |
| Attributable to: | |||||||
| Equity holders of the Bank | 12,341,301 | 51,939,463 | (76.24) | 11,996,129 | 49,184,685 | (75.61) | |
| Non-controlling interest | 388,041 | 2,055,012 | (81.12) | – | – | – | |
| Total comprehensive income for the year | 12,729,342 | 53,994,475 | (76.42) | 11,996,129 | 49,184,685 | (75.61) | |
The Notes to the Financial Statements 1 to 68 form an integral part of these Financial Statements.