CITIZENS DEVELOPMENT BUSINESS FINANCE PLC

ANNUAL REPORT 2021/22

Economic value added statement

GRI 201-1

Economic value added aim to provide a value creation and distribution analysis of the Company among its key stakeholders.

2021/22 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
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