Statement of Profit or Loss and
Other Comprehensive Income

GROUP BANK
For the year ended December 31, Note 2017
Rs. ’000
2016
Rs. ’000
Change
%
2017
Rs. ’000
2016
Rs. ’000
Change %
Profit for the year 16,626,507 14,466,424 14.93 16,581,244 14,512,511 14.25
Other comprehensive income, net of tax
Items that will never be reclassified to profit or loss
Net actuarial gains/(losses) on defined benefit plans (536,508) 140,826 (480.97) (529,902) 139,763 (479.14)
Gains/(losses) on remeasurement of defined benefit liability/asset (718,572) 164,225 (537.55) (709,396) 162,748 (535.89)
Less: Deferred tax charge/(reversal) on actuarial gains/(losses) (182,064) 23,399 (878.08) (179,494) 22,985 (880.92)
Net change in revaluation surplus 1,636,524 – – 1,396,663 – –
Changes in revaluation surplus/(deficit) 3,845,981 – – 3,542,214 – –
Less: Deferred tax charge/(reversal) on revaluation surplus 2,209,457 – – 2,145,551 – –
Items that are or may be reclassified to profit or loss
Net gains/(losses) arising from translating the Financial Statements of the foreign operations 57.4 (503,140) 438,565 (214.72) (525,093) 414,578 (226.66)
Net fair value gains/(losses) on remeasuring financial investments – available for sale 57.3 5,501,319 (3,253,429) 269.09 5,501,302 (3,253,429) 269.09
Government securities 5,407,140 (3,263,598) 265.68 5,407,123 (3,263,598) 265.68
Fair value gains/(losses) that arose during the year, net of tax 5,434,372 (3,479,504) 256.18 5,434,355 (3,479,504) 256.18
Fair value gains/(losses) realised to the Income Statement on disposal, net of tax (65,413) (27,425) (138.52) (65,413) (27,425) (138.52)
Fair value gains/(losses) recycled to the Income Statement on reclassification, net of tax 38,181 243,331 (84.31) 38,181 243,331 (84.31)
Equity securities 94,179 10,169 826.14 94,179 10,169 826.14
Fair value gains/(losses) that arose during the year, net of tax 94,179 10,169 826.14 94,179 10,169 826.14
Fair value gains/(losses) realised and recycled to the Income Statement on disposal – – – – – –
Cash flow hedges – effective portion of changes in fair value, net of tax 57.6 (3,212) – – (3,212) – –
Share of other comprehensive income of associates, net of tax 3,526 3,807 (7.38) – – –
Other comprehensive income for the year, net of tax 6,098,509 (2,670,231) 328.39 5,839,758 (2,699,088) 316.36
Total comprehensive income for the year 22,725,016 11,796,193 92.65 22,421,002 11,813,423 89.79
Attributable to:
Equity holders of the Bank 22,682,515 11,829,508 91.75 22,421,002 11,813,423 89.79
Non-controlling interest 42,501 (33,315) 227.57 – – –
Total comprehensive income for the year 22,725,016 11,796,193 92.65 22,421,002 11,813,423 89.79

 

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