USD accounts

Given below are the set of Financial Statements of the Company and the Group presented using USD denomination as at the reporting date based on the guidelines stated in LKAS 21 – “The effect of changes in foreign exchange rates”.

Statement of Profit or Loss and Other Comprehensive Income

For the year ended 31 March	2022	2021
	USD	USD
	Rs. ’000	Rs. ’000
Revenue	58,770	55,595
Interest income	50,817	49,757
Interest expense	20,591	24,356
Net interest income	30,226	25,401
Fee and commission income	1,041	1,359
Other operating income	6,912	4,479
Total operating income	38,179	31,239
Less: Impairment charges and other credit losses	3,997	4,754
Net operating income	34,182	26,485
Less: Operating expenses
Personnel expenses	5,928	4,690
Premises, equipment and establishment expenses	7,035	6,343
Other expenses	1,794	1,776
Total operating expenses	14,757	12,809
Operating profit before taxes on financial services	19,425	13,676
Less: Taxes on financial services	1,805	2,080
Profit before tax	17,620	11,596
Less: Income tax expense	5,538	3,043
Profit for the year	12,082	8,553
Other comprehensive income
Items that are or may be reclassified subsequently to profit or loss
Fair value changes in hedge reserve	(487)	(250)
Items that will not be reclassified to profit or loss
Change in deferred tax on revaluation due to rate change	–	107
Increase in revaluation surplus	950	–
Less: Deferred tax on revaluation	(228)	–
Equity investments at FVOCI – net change in fair value	252	228
Net actuarial gain/(loss) on defined benefit plan	1,068	(250)
Total other comprehensive income	1,555	85
Total comprehensive income for the year	13,637	8,638
Earnings per share
Basic earnings per share (USD)	0.173	0.123

Statement of Financial Position

As at 31 March	2022	2021
	USD	USD
	Rs. ’000	Rs. ’000
Assets
Cash and cash equivalents	6,769	6,992
Financial assets measured at fair value through profit or loss (FVTPL)	497	537
Derivative financial assets	3,750	662
Loans and receivables to banks	804	9,922
Deposits with financial institutions	27,734	10,044
Loans and receivables to customers	263,295	251,031
Other investment securities	21,993	8,930
Investment property	–	68
Property, plant and equipment	11,211	10,336
Intangible assets	455	390
Goodwill on amalgamation	523	817
Retirement benefit assets	1,364	–
Right-of-use assets	2,570	2,666
Other assets	11,608	13,095
Total assets	352,573	315,490
Liabilities
Derivative financial liabilities	–	44
Deposits from customers	174,638	163,877
Debt securities issued and subordinated debt	19,154	20,980
Other interest-bearing borrowings	82,641	68,684
Lease liabilities	2,684	2,711
Current tax liabilities	4,684	4,084
Deferred tax liabilities	2,107	1,259
Retirement benefit obligation	–	30
Other liabilities	7,642	6,824
Total liabilities	293,550	268,493
Equity
Stated capital	7,899	7,861
Reserves	9,464	8,346
Retained earnings	41,660	30,790
Total equity	59,023	46,997
Total liabilities and equity	352,573	315,490
Net assets value per share (USD)	0.84	0.67
Contingencies and commitments	11,594	9,046