	B	C	D	E	F	G	H	I
1
2			THE GROUP			THE BANK
3			2021	2020	2019	2021	2020	2019
4				(Restated)	(Restated)		(Restated)	(Restated)
5		Notes	MUR'000	MUR'000	MUR'000	MUR'000	MUR'000	MUR'000
6	Continuing operations
7	Interest income	4(a)	1,684,412	3,114,028	3,169,020	1,684,412	3,114,028	3,169,047
8	Interest expense	4(b)	(613,283)	(1,085,786)	(858,274)	(611,994)	(1,085,786)	(858,274)
9	Net interest income, calculated using EIR method		1,071,129	2,028,242	2,310,746	1,072,418	2,028,242	2,310,773
10	Fee and commission income	5(a)	877,757	786,703	731,362	877,870	787,478	732,604
11	Fee and commission expense	5(b)	(313,605)	(297,502)	(291,381)	(315,370)	(297,492)	(291,379)
12	Net fee and commission income		564,152	489,201	439,981	562,500	489,986	441,225
13	Net (loss)/gain from derecognition of financial assets measured at amortised cost	6	-	(2,003)	23,927	-	(2,003)	23,927
14	Net trading income	7(a)	948,341	1,302,350	909,281	945,243	1,302,350	916,803
15	Other gains/(losses)	7(b)	1,696	(3,046)	98	1,696	(3,046)	98
16	Other operating income	7(c)	(1,843)	(5,372)	(5,300)	(106)	(375)	665
17	Total operating income		2,583,475	3,809,372	3,678,733	2,581,751	3,815,154	3,693,491
18	Net impairment loss on financial assets	8	(470,747)	(839,095)	(468,380)	(465,131)	(839,095)	(468,380)
19	Net operating income		2,112,728	2,970,277	3,210,353	2,116,620	2,976,059	3,225,111
20	Personnel expenses	9	(662,934)	(718,079)	(646,296)	(662,934)	(718,079)	(646,296)
21	Depreciation of property and equipment	19	(35,633)	(35,714)	(36,362)	(35,633)	(35,713)	(36,361)
22	Depreciation of right of use assets	21	(32,912)	(31,735)	-	(32,912)	(31,735)	-
23	Amortisation of intangible assets	20	(41,966)	(40,923)	(71,997)	(41,966)	(40,923)	(38,586)
24	Other operating expenses	10	(313,733)	(369,248)	(332,705)	(319,544)	(366,561)	(323,506)
25	Total operating expenses		(1,087,178)	(1,195,699)	(1,087,360)	(1,092,989)	(1,193,011)	(1,044,749)
26	Operating profit		1,025,550	1,774,578	2,122,993	1,023,631	1,783,048	2,180,362
27	Impairment loss on investment in subsidiary	18(a)	-	-	-	-	-	(189,563)
28	Impairment loss on receivable from subsidary	22	-	-	-	-	(33,057)	(103,000)
29	Loss on winding up of subsidiary	18(a)	-	-	(57,210)	-	-	-
30	Impairment loss on goodwill	20	-	-	(134,903)	-	-	-
31	Gain on disposal of subsidiary		52,451	-	-	-	-	-
32	Profit before tax		1,078,001	1,774,578	1,930,880	1,023,631	1,749,991	1,887,799
33	Tax expense	11(b)	(148,405)	(228,436)	(303,016)	(148,405)	(228,436)	(303,016)
34	Profit for the year from continuing operations		929,596	1,546,142	1,627,864	875,226	1,521,555	1,584,783
35
36	Discontinued operations
37	(Loss)/profit for the year from discontinued operations	41	(13,540)	(3,146)	108	-	-	-
38	Profit for the year		916,056	1,542,996	1,627,972	875,226	1,521,555	1,584,783
39
40	Other comprehensive (loss)/income that may be subsequently reclassified to profit or loss:
41	Movement in fair value reserve for debt instrument measured at fair value through other comprehensive income:
42	- (Losses)/gains arising during the year	17(b)	-	(2,880)	2,047	-	(2,880)	2,047
43	- Reclassification of gains/(losses) included in profit or loss on derecognition	17(b)	-	3,046	(98)	-	3,046	(98)
44	- Expected credit losses	17(b)	-	(1,074)	527	-	(1,074)	527
45			-	(908)	2,476	-	(908)	2,476
46	Other comprehensive income/(loss) that will not be reclassified to profit or loss:
47	Remeasurement of retirement benefit obligations	30	41,444	(20,723)	(10,179)	41,444	(21,731)	(9,269)
48	Deferred tax on remeasurement of retirement benefit obligations	11(d)	(2,446)	1,268	426	(2,446)	1,318	381
49	Fair value (loss)/gain on equity instruments designated at fair value through other comprehensive income	17(d)	(25,736)	4,995	6,205	1,482	1,370	1,122
50			13,262	(14,460)	(3,548)	40,480	(19,043)	(7,766)
51	Other comprehensive income/(loss) for the year		13,262	(15,368)	(1,072)	40,480	(19,951)	(5,290)
52	Total comprehensive income for the year attributable to equity holders of the parent		929,318	1,527,628	1,626,900	915,706	1,501,604	1,579,493
53

1

2

THE GROUP

THE BANK

3

2021

2020

2019

2021

2020

2019

4

(Restated)

5

Notes

MUR'000

6

Continuing operations

7

Interest income

4(a)

1,684,412

3,114,028

3,169,020

1,684,412

3,114,028

3,169,047

8

Interest expense

4(b)

(613,283)

(1,085,786)

(858,274)

(611,994)

(1,085,786)

(858,274)

9

Net interest income, calculated using EIR method

1,071,129

2,028,242

2,310,746

1,072,418

2,028,242

2,310,773

10

Fee and commission income

5(a)

877,757

786,703

731,362

877,870

787,478

732,604

11

Fee and commission expense

5(b)

(313,605)

(297,502)

(291,381)

(315,370)

(297,492)

(291,379)

12

Net fee and commission income

564,152

489,201

439,981

562,500

489,986

441,225

13

Net (loss)/gain from derecognition of financial assets measured at amortised cost

6

-

(2,003)

23,927

-

(2,003)

23,927

14

Net trading income

7(a)

948,341

1,302,350

909,281

945,243

1,302,350

916,803

15

Other gains/(losses)

7(b)

1,696

(3,046)

98

1,696

(3,046)

98

16

Other operating income

7(c)

(1,843)

(5,372)

(5,300)

(106)

(375)

665

17

Total operating income

2,583,475

3,809,372

3,678,733

2,581,751

3,815,154

3,693,491

18

Net impairment loss on financial assets

8

(470,747)

(839,095)

(468,380)

(465,131)

(839,095)

(468,380)

19

Net operating income

2,112,728

2,970,277

3,210,353

2,116,620

2,976,059

3,225,111

20

Personnel expenses

9

(662,934)

(718,079)

(646,296)

(662,934)

(718,079)

(646,296)

21

Depreciation of property and equipment

19

(35,633)

(35,714)

(36,362)

(35,633)

(35,713)

(36,361)

22

Depreciation of right of use assets

21

(32,912)

(31,735)

-

(32,912)

(31,735)

-

23

Amortisation of intangible assets

20

(41,966)

(40,923)

(71,997)

(41,966)

(40,923)

(38,586)

24

Other operating expenses

10

(313,733)

(369,248)

(332,705)

(319,544)

(366,561)

(323,506)

25

Total operating expenses

(1,087,178)

(1,195,699)

(1,087,360)

(1,092,989)

(1,193,011)

(1,044,749)

26

Operating profit

1,025,550

1,774,578

2,122,993

1,023,631

1,783,048

2,180,362

27

Impairment loss on investment in subsidiary

18(a)

-

(189,563)

28

Impairment loss on receivable from subsidary

22

-

(33,057)

(103,000)

29

Loss on winding up of subsidiary

18(a)

-

(57,210)

-

30

Impairment loss on goodwill

20

-

(134,903)

-

31

Gain on disposal of subsidiary

52,451

-

32

Profit before tax

1,078,001

1,774,578

1,930,880

1,023,631

1,749,991

1,887,799

33

Tax expense

11(b)

(148,405)

(228,436)

(303,016)

(148,405)

(228,436)

(303,016)

34

Profit for the year from continuing operations

929,596

1,546,142

1,627,864

875,226

1,521,555

1,584,783

35

36

Discontinued operations

37

(Loss)/profit for the year from discontinued operations

41

(13,540)

(3,146)

108

-

38

Profit for the year

916,056

1,542,996

1,627,972

875,226

1,521,555

1,584,783

39

40

Other comprehensive (loss)/income that may be subsequently reclassified to profit or loss:

41

Movement in fair value reserve for debt instrument measured at fair value through other comprehensive income:

42

- (Losses)/gains arising during the year

17(b)

-

(2,880)

2,047

-

(2,880)

2,047

43

- Reclassification of gains/(losses) included in profit or loss on derecognition

17(b)

-

3,046

(98)

-

3,046

(98)

44

- Expected credit losses

17(b)

-

(1,074)

527

-

(1,074)

527

45

-

(908)

2,476

-

(908)

2,476

46

Other comprehensive income/(loss) that will not be reclassified to profit or loss:

47

Remeasurement of retirement benefit obligations

30

41,444

(20,723)

(10,179)

41,444

(21,731)

(9,269)

48

Deferred tax on remeasurement of retirement benefit obligations

11(d)

(2,446)

1,268

426

(2,446)

1,318

381

49

Fair value (loss)/gain on equity instruments designated at fair value through other comprehensive income

17(d)

(25,736)

4,995

6,205

1,482

1,370

1,122

50

13,262

(14,460)

(3,548)

40,480

(19,043)

(7,766)

51

Other comprehensive income/(loss) for the year

13,262

(15,368)

(1,072)

40,480

(19,951)

(5,290)

52

Total comprehensive income for the year attributable to equity holders of the parent

929,318

1,527,628

1,626,900

915,706

1,501,604

1,579,493

53