Annual Report 2012 - National Savings Bank

249THE RESULTS OF A CHALLENGING YEARNOTES TO THE FINANCIAL STATEMENTS45.3. Reconciliation of Comprehensive Income for the year ended 31st December 2011BankGroupNotes SLAS Reclassifi Remeasu SLFRS SLAS Reclassifi Remeasu SLFRS-cations -rements-cations -rementsRs.’000 Rs.’000 Rs.’000 Rs.’000 Rs.’000 Rs.’000 Rs.’000 Rs.’000Interest income 5 46,376,790 19,498 699,457 47,095,745 47,330,576 19,498 733,317 48,083,391Interest expenses 7 (29,434,417) - 138,318 (29,296,099) (30,118,312) - 139,007 (29,979,305)Net interest income 16,942,373 19,498 837,776 17,799,646 17,212,264 19,498 872,325 18,104,086Fee and commission income - 240,768 - 240,768 - 240,768 - 240,768Fee and commission expenses - (26,553) - (26,553) - (33,239) - (33,239)Net fee and commission income - 214,215 - 214,215 - 207,529 - 207,529Net gain/(loss) from trading 2 - (734,187) (125,540) (859,727) - (734,187) (125,540) (859,727)Net gain / (loss) from financial instrumentsdesignated at fair value through profit orloss - - - - - - (135,889) (135,889)Net gain / (loss) from financialInvestments - 4,111 - 4,111 - 4,111 - 4,111Other operating income (net) 766,850 (703,103) - 63,747 634,560 (570,813) - 63,747Total operating income 17,709,223 (1,199,466) 712,235 17,221,992 17,846,824 (1,073,862) 610,895 17,383,857Provision for Loan Losses 78,272 (78,272) - - 78,272 (78,272) - -Impairment for loans and other losses 3 - - 142,632 142,632 - - 142,632 142,632Net operating income 17,630,951 (1,121,194) 569,603 17,079,360 17,768,552 (995,590) 468,263 17,241,225Personnel expenses 2,930,665 (2,930,665) - - 2,944,482 (2,944,482) - -Personnel expenses 6 - 3,795,616 344,041 4,139,657 - 3,795,616 358,296 4,153,912Provision for Staff Retirement Benefits 864,951 (864,951) - - 865,389 (865,389) - -Premises, Equipment and Expenses 1,383,703 (1,383,703) - - 1,385,840 (1,385,840) - -Fee & Commission 453,316 (453,316) - - 427,620 (427,620) - -Provision/(Reversal) for fall in value inDealing Securities 1,170,706 (1,170,706) - - 1,170,706 (1,170,706) - -Other Overheads 311,171 (311,171) - - 311,623 (311,623) - -Other expenses - 2,120,541 - 2,120,541 - 2,092,482 - 2,092,482Operating profit/(loss) before valueadded tax (VAT) 10,516,440 77,161 225,563 10,819,162 10,662,892 221,972 109,968 10,994,831Value added tax (VAT) on financial services (1,564,481) - - (1,564,481) (1,583,762) - - (1,583,762)Operating profit/(loss) after valueadded tax (VAT) 8,951,959 - - 9,254,681 9,079,130 - 331,939 9,411,069Profit/(loss) before tax 8,951,959 - - 9,254,681 9,079,130 - 331,939 9,411,069Tax expenses (3,192,819) - - (3,192,819) (3,277,216) - (29,453) (3,306,669)Profit/(loss) for the year 5,759,140 - - 6,061,862 5,801,914 - 302,486 6,104,400NATIONAL SAVINGS BANK . ANNUAL REPORT 2012