Income Statement
| GROUP | BANK | ||||||
| For the year ended December 31, | Note | 2013 | 2012 | Change | 2013 | 2012 | Change |
| Rs. ’000 | Rs. ’000 | % | Rs. ’000 | Rs. ’000 | % | ||
| Gross income | 73,101,378 | 63,373,753 | 15.35 | 73,159,580 | 63,395,047 | 15.40 | |
| Interest income | 62,177,461 | 52,662,964 | 18.07 | 62,186,957 | 52,685,427 | 18.03 | |
| Less: Interest expenses | 36,855,204 | 29,811,305 | 23.63 | 36,878,755 | 29,830,397 | 23.63 | |
| Net interest income | 7 | 25,322,257 | 22,851,659 | 10.81 | 25,308,202 | 22,855,030 | 10.73 |
| Fees and commission income | 4,880,093 | 4,146,878 | 17.68 | 4,876,517 | 4,146,525 | 17.60 | |
| Less: Fees and commission expenses | 627,235 | 548,560 | 14.34 | 627,235 | 548,560 | 14.34 | |
| Net Fees and commission income | 8 | 4,252,858 | 3,598,318 | 18.19 | 4,249,282 | 3,597,965 | 18.10 |
| Net gains/(losses) from trading | 9 | (1,625,926) | 2,494,298 | (165.19) | (1,625,926) | 2,494,298 | (165.19) |
| Net gains/(losses) from financial instruments designated at fair value through profit or loss |
– | – | – | – | – | – | |
| Net gains/(losses) from financial investments | 10 | 1,349,517 | 31,533 | 4,179.70 | 1,349,517 | 31,533 | 4,179.70 |
| Other income (net) | 11 | 6,320,233 | 4,038,080 | 56.52 | 6,372,515 | 4,037,264 | 57.84 |
| Total operating income | 35,618,939 | 33,013,888 | 7.89 | 35,653,590 | 33,016,090 | 7.99 | |
| Impairment charges for loans and other losses | 12 | 4,600,332 | 3,158,291 | 45.66 | 4,627,325 | 3,196,760 | 44.75 |
| Net operating income | 31,018,607 | 29,855,597 | 3.90 | 31,026,265 | 29,819,330 | 4.05 | |
| Less: Expenses | |||||||
| Personnel expenses | 13 | 8,266,005 | 7,837,144 | 5.47 | 8,186,205 | 7,769,788 | 5.36 |
| Other expenses | 14 | 6,098,015 | 5,730,586 | 6.41 | 6,360,587 | 5,766,896 | 10.29 |
| Operating profit before value added tax (VAT) | 16,654,587 | 16,287,867 | 2.25 | 16,479,473 | 16,282,646 | 1.21 | |
| Less: Value added tax (VAT) on financial services | 1,968,954 | 1,987,313 | (0.92) | 1,968,954 | 1,987,313 | (0.92) | |
| Operating profit after value added tax (VAT) | 14,685,633 | 14,300,554 | 2.69 | 14,510,519 | 14,295,333 | 1.51 | |
| Share of profits/(losses) of associates | 7,118 | 12,360 | (42.41) | – | – | – | |
| Profit before tax | 14,692,751 | 14,312,914 | 2.65 | 14,510,519 | 14,295,333 | 1.51 | |
| Less: Income tax expense | 15 | 4,119,294 | 4,231,747 | (2.66) | 4,065,008 | 4,197,004 | (3.15) |
| Profit for the year | 10,573,457 | 10,081,167 | 4.88 | 10,445,511 | 10,098,329 | 3.44 | |
| Profit attributable to: | |||||||
| Equity holders of the Bank | 10,563,378 | 10,079,829 | 4.80 | 10,445,511 | 10,098,329 | 3.44 | |
| Non-controlling interest | 10,079 | 1,338 | 653.29 | – | – | – | |
| Profit for the year | 10,573,457 | 10,081,167 | 4.88 | 10,445,511 | 10,098,329 | 3.44 | |
| Earnings per share | |||||||
| Basic earnings per share (Rs.) | 16 | 12.45 | 12.11 | 2.81 | 12.31 | 12.13 | 1.48 |
| Diluted earnings per share (Rs.) | 16 | 12.43 | 12.09 | 2.81 | 12.29 | 12.11 | 1.49 |
| Dividend per ordinary share (Rs.) | 6.50 | 6.50 | – | ||||
The Notes form an integral part of these Financial Statements.