GRI 201-1
Economic value added aim to provide a value creation and distribution analysis of the Company among its key stakeholders.
2020/21 | Increase | ||
Rs. ’000 | Rs. ’000 | % | |
Value created | |||
Interest income | 15,194,413 | 14,877,242 | |
Fee commission income | 311,128 | 406,234 | |
Other operating income | 2,066,613 | 1,339,315 | |
Total direct economic value generated | 17,572,154 | 16,622,791 | 6 |
Value distributed | |||
Operating costs | 3,809,628 | 3,826,397 | |
To the employees as salaries wages and other benefits | 1,772,596 | 1,402,328 | |
To the Government as income tax and taxes on financial services | 2,195,608 | 1,532,000 | |
To providers of capital as dividend | 261,960 | 523,446 | |
To society as corporate social responsibility | 25,384 | 22,613 | |
To depositors and lenders as interest payments | 6,156,858 | 7,282,499 | |
Total economic value distributed | 14,222,034 | 14,589,283 | -2 |
Economic value retained | 3,350,120 | 2,033,508 | 65 |