A B C D E F G H I
1
2
 THE GROUP THE BANK
3
 2019 2018 2017 2019 2018 2017
4
 Notes MUR'000 MUR'000 MUR'000 MUR'000 MUR'000 MUR'000
5
6
 Interest income 5(a) 3,169,022 2,405,712 1,921,852 3,169,047 2,405,556 1,921,267
7
 Interest expense 5(b) (858,407) (699,391) (716,175) (858,274) (695,565) (709,355)
8
 Net interest income 2,310,615 1,706,321 1,205,677 2,310,773 1,709,991 1,211,912
9
10
 Fee and commission income 6 767,392 739,778 607,915 718,151 649,327 536,038
11
 Fee and commission expense 6 (293,084) (309,428) (242,283) (291,379) (306,402) (239,566)
12
 Net fee and commission income 474,308 430,350 365,632 426,772 342,925 296,472
13
14
 Net gain from derecognition of financial assets measured at amortised cost 7 23,927 - - 23,927 - -
15
 Net trading income 8(a) 228,862 142,122 188,494 228,862 142,122 188,494
16
 Net gain from derecognition of financial assets measured at fair value through other comprehensive income 8(b) 98 34,582 9,624 98 34,582 9,624
17
 Net gain from foreign exchange and derivatives 8(c) 684,180 642,260 487,587 687,941 640,063 487,903
18
 Other operating income 8(d) 5,598 27,707 15,048 15,118 32,977 17,979
19
 Total operating income 3,727,588 2,983,342 2,272,062 3,693,491 2,902,660 2,212,384
20
21
 Net impairment loss on financial assets 9 (468,380) (1,067,581) (580,549) (468,380) (1,067,581) (580,549)
22
 Net operating income 3,259,208 1,915,761 1,691,513 3,225,111 1,835,079 1,631,835
23
24
 Personnel expenses 10 (685,120) (570,135) (463,512) (646,296) (529,664) (436,358)
25
 Depreciation of property and equipment 20 (37,726) (35,608) (25,271) (36,361) (34,370) (24,091)
26
 Amortisation of intangible assets 21 (72,014) (37,310) (23,185) (38,586) (27,005) (12,810)
27
 Other operating expenses 11 (405,437) (351,378) (258,893) (387,303) (336,362) (238,902)
28
 Total operating expenses (1,200,297) (994,431) (770,861) (1,108,546) (927,401) (712,161)
29
30
 Operating profit 2,058,911 921,330 920,652 2,116,565 907,678 919,674
31
32
 Impairment loss on investment in subsidiary 19 - - - (189,563) - -
33
 Impairment loss on receivable from subsidary 22 - - - (103,000) - -
34
 Loss on winding up of subsidiary 19 (57,210) (10,353) (5,004) - - -
35
 Impairment loss on goodwill 21 (134,903) - - - - -
36
 Impairment of available-for-sale investment - - (5,128) - - -
37
 Profit before tax 1,866,798 910,977 910,520 1,824,002 907,678 919,674
38
39
 Tax expense 12(b) (238,826) (148,115) (106,411) (239,219) (141,224) (102,676)
40
 Profit for the year 1,627,972 762,862 804,109 1,584,783 766,454 816,998
41
42
 Other comprehensive income/(loss) that may be subsequently reclassified to profit or loss:
43
 Net gain/(loss) on available-for-sale investments - 10,722 (9,888) - 10,722 (12,259)
44
 Movement in investment revaluation reserve for debt instrument measured at fair value through other comprehensive income
45
 - gains arising during the year 2,574 - - 2,574 - -
46
 - reclassification of losses included in profit or loss on derecognition (98) - - (98) - -
47
 Gain on equity instruments designated at fair value through other comprehensive income 6,205 - - 1,122 - -
48
 Exchange differences on translation of foreign operations - (523) 3,331 - - -
49
 Recycling of retranslation reserve on winding up - 523 - - - -
50
 8,681 10,722 (6,557) 3,598 10,722 (12,259)
51
52
 Other comprehensive income/(loss) that will not be reclassified to profit or loss:
53
 Remeasurement of retirement benefits obligation (10,179) (11,611) - (9,269) (11,611) -
54
 Deferred tax of remeasurement on retirement benefits obligation 12(d) 426 819 - 381 819 -
55
 (9,753) (10,792) - (8,888) (10,792) -
56
57
 Other comprehensive loss for the year (1,072) (70) (6,557) (5,290) (70) (12,259)
58
 Total comprehensive income for the year attributable to equity holders of the parent 1,626,900 762,792 797,552 1,579,493 766,384 804,739
A B C D E F G H I
1
2
 THE GROUP THE BANK
3
 2019 2018 2017 2019 2018 2017
4
 Notes MUR'000 MUR'000 MUR'000 MUR'000 MUR'000 MUR'000
5
6
 Interest income 5(a) 3,169,022 2,405,712 1,921,852 3,169,047 2,405,556 1,921,267
7
 Interest expense 5(b) (858,407) (699,391) (716,175) (858,274) (695,565) (709,355)
8
 Net interest income 2,310,615 1,706,321 1,205,677 2,310,773 1,709,991 1,211,912
9
10
 Fee and commission income 6 767,392 739,778 607,915 718,151 649,327 536,038
11
 Fee and commission expense 6 (293,084) (309,428) (242,283) (291,379) (306,402) (239,566)
12
 Net fee and commission income 474,308 430,350 365,632 426,772 342,925 296,472
13
14
 Net gain from derecognition of financial assets measured at amortised cost 7 23,927 - - 23,927 - -
15
 Net trading income 8(a) 228,862 142,122 188,494 228,862 142,122 188,494
16
 Net gain from derecognition of financial assets measured at fair value through other comprehensive income 8(b) 98 34,582 9,624 98 34,582 9,624
17
 Net gain from foreign exchange and derivatives 8(c) 684,180 642,260 487,587 687,941 640,063 487,903
18
 Other operating income 8(d) 5,598 27,707 15,048 15,118 32,977 17,979
19
 Total operating income 3,727,588 2,983,342 2,272,062 3,693,491 2,902,660 2,212,384
20
21
 Net impairment loss on financial assets 9 (468,380) (1,067,581) (580,549) (468,380) (1,067,581) (580,549)
22
 Net operating income 3,259,208 1,915,761 1,691,513 3,225,111 1,835,079 1,631,835
23
24
 Personnel expenses 10 (685,120) (570,135) (463,512) (646,296) (529,664) (436,358)
25
 Depreciation of property and equipment 20 (37,726) (35,608) (25,271) (36,361) (34,370) (24,091)
26
 Amortisation of intangible assets 21 (72,014) (37,310) (23,185) (38,586) (27,005) (12,810)
27
 Other operating expenses 11 (405,437) (351,378) (258,893) (387,303) (336,362) (238,902)
28
 Total operating expenses (1,200,297) (994,431) (770,861) (1,108,546) (927,401) (712,161)
29
30
 Operating profit 2,058,911 921,330 920,652 2,116,565 907,678 919,674
31
32
 Impairment loss on investment in subsidiary 19 - - - (189,563) - -
33
 Impairment loss on receivable from subsidary 22 - - - (103,000) - -
34
 Loss on winding up of subsidiary 19 (57,210) (10,353) (5,004) - - -
35
 Impairment loss on goodwill 21 (134,903) - - - - -
36
 Impairment of available-for-sale investment - - (5,128) - - -
37
 Profit before tax 1,866,798 910,977 910,520 1,824,002 907,678 919,674
38
39
 Tax expense 12(b) (238,826) (148,115) (106,411) (239,219) (141,224) (102,676)
40
 Profit for the year 1,627,972 762,862 804,109 1,584,783 766,454 816,998
41
42
 Other comprehensive income/(loss) that may be subsequently reclassified to profit or loss:
43
 Net gain/(loss) on available-for-sale investments - 10,722 (9,888) - 10,722 (12,259)
44
 Movement in investment revaluation reserve for debt instrument measured at fair value through other comprehensive income
45
 - gains arising during the year 2,574 - - 2,574 - -
46
 - reclassification of losses included in profit or loss on derecognition (98) - - (98) - -
47
 Gain on equity instruments designated at fair value through other comprehensive income 6,205 - - 1,122 - -
48
 Exchange differences on translation of foreign operations - (523) 3,331 - - -
49
 Recycling of retranslation reserve on winding up - 523 - - - -
50
 8,681 10,722 (6,557) 3,598 10,722 (12,259)
51
52
 Other comprehensive income/(loss) that will not be reclassified to profit or loss:
53
 Remeasurement of retirement benefits obligation (10,179) (11,611) - (9,269) (11,611) -
54
 Deferred tax of remeasurement on retirement benefits obligation 12(d) 426 819 - 381 819 -
55
 (9,753) (10,792) - (8,888) (10,792) -
56
57
 Other comprehensive loss for the year (1,072) (70) (6,557) (5,290) (70) (12,259)
58
 Total comprehensive income for the year attributable to equity holders of the parent 1,626,900 762,792 797,552 1,579,493 766,384 804,739
A B C D E F G H I
1
2
 THE GROUP THE BANK
3
 2019 2018 2017 2019 2018 2017
4
 Notes MUR'000 MUR'000 MUR'000 MUR'000 MUR'000 MUR'000
5
6
 Interest income 5(a) 3,169,022 2,405,712 1,921,852 3,169,047 2,405,556 1,921,267
7
 Interest expense 5(b) (858,407) (699,391) (716,175) (858,274) (695,565) (709,355)
8
 Net interest income 2,310,615 1,706,321 1,205,677 2,310,773 1,709,991 1,211,912
9
10
 Fee and commission income 6 767,392 739,778 607,915 718,151 649,327 536,038
11
 Fee and commission expense 6 (293,084) (309,428) (242,283) (291,379) (306,402) (239,566)
12
 Net fee and commission income 474,308 430,350 365,632 426,772 342,925 296,472
13
14
 Net gain from derecognition of financial assets measured at amortised cost 7 23,927 - - 23,927 - -
15
 Net trading income 8(a) 228,862 142,122 188,494 228,862 142,122 188,494
16
 Net gain from derecognition of financial assets measured at fair value through other comprehensive income 8(b) 98 34,582 9,624 98 34,582 9,624
17
 Net gain from foreign exchange and derivatives 8(c) 684,180 642,260 487,587 687,941 640,063 487,903
18
 Other operating income 8(d) 5,598 27,707 15,048 15,118 32,977 17,979
19
 Total operating income 3,727,588 2,983,342 2,272,062 3,693,491 2,902,660 2,212,384
20
21
 Net impairment loss on financial assets 9 (468,380) (1,067,581) (580,549) (468,380) (1,067,581) (580,549)
22
 Net operating income 3,259,208 1,915,761 1,691,513 3,225,111 1,835,079 1,631,835
23
24
 Personnel expenses 10 (685,120) (570,135) (463,512) (646,296) (529,664) (436,358)
25
 Depreciation of property and equipment 20 (37,726) (35,608) (25,271) (36,361) (34,370) (24,091)
26
 Amortisation of intangible assets 21 (72,014) (37,310) (23,185) (38,586) (27,005) (12,810)
27
 Other operating expenses 11 (405,437) (351,378) (258,893) (387,303) (336,362) (238,902)
28
 Total operating expenses (1,200,297) (994,431) (770,861) (1,108,546) (927,401) (712,161)
29
30
 Operating profit 2,058,911 921,330 920,652 2,116,565 907,678 919,674
31
32
 Impairment loss on investment in subsidiary 19 - - - (189,563) - -
33
 Impairment loss on receivable from subsidary 22 - - - (103,000) - -
34
 Loss on winding up of subsidiary 19 (57,210) (10,353) (5,004) - - -
35
 Impairment loss on goodwill 21 (134,903) - - - - -
36
 Impairment of available-for-sale investment - - (5,128) - - -
37
 Profit before tax 1,866,798 910,977 910,520 1,824,002 907,678 919,674
38
39
 Tax expense 12(b) (238,826) (148,115) (106,411) (239,219) (141,224) (102,676)
40
 Profit for the year 1,627,972 762,862 804,109 1,584,783 766,454 816,998
41
42
 Other comprehensive income/(loss) that may be subsequently reclassified to profit or loss:
43
 Net gain/(loss) on available-for-sale investments - 10,722 (9,888) - 10,722 (12,259)
44
 Movement in investment revaluation reserve for debt instrument measured at fair value through other comprehensive income
45
 - gains arising during the year 2,574 - - 2,574 - -
46
 - reclassification of losses included in profit or loss on derecognition (98) - - (98) - -
47
 Gain on equity instruments designated at fair value through other comprehensive income 6,205 - - 1,122 - -
48
 Exchange differences on translation of foreign operations - (523) 3,331 - - -
49
 Recycling of retranslation reserve on winding up - 523 - - - -
50
 8,681 10,722 (6,557) 3,598 10,722 (12,259)
51
52
 Other comprehensive income/(loss) that will not be reclassified to profit or loss:
53
 Remeasurement of retirement benefits obligation (10,179) (11,611) - (9,269) (11,611) -
54
 Deferred tax of remeasurement on retirement benefits obligation 12(d) 426 819 - 381 819 -
55
 (9,753) (10,792) - (8,888) (10,792) -
56
57
 Other comprehensive loss for the year (1,072) (70) (6,557) (5,290) (70) (12,259)
58
 Total comprehensive income for the year attributable to equity holders of the parent 1,626,900 762,792 797,552 1,579,493 766,384 804,739