Supplementary Reports

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	2023 USD ’000	2022 USD ’000
Revenue	65,886	58,770
Interest income	61,523	50,817
Interest expense	38,432	20,591
Net interest income	23,091	30,226
Fee and commission income	740	1,041
Other operating income	3,623	6,912
Total operating income	27,454	38,179
Less: Impairment charges and other credit losses	2,479	3,997
Net operating income	24,975	34,182
Less: Operating expenses
Personnel expenses	5,520	5,928
Premises, equipment and establishment expenses	8,352	7,035
Other expenses	1,631	1,794
Total operating expenses	15,503	14,757
Operating profit before taxes on financial services	9,472	19,425
Less: Taxes on financial services	1,850	1,805
Profit before tax	7,622	17,620
Less: Income tax expense	2,650	5,538
Profit for the year	4,972	12,082
Other comprehensive income
Items that are or may be reclassified subsequently to profit or loss
Fair value changes in hedge reserve	759	(487)
Items that will not be reclassified to profit or loss
Change in deferred tax on revaluation due to rate change	(196)	–
Increase in revaluation surplus	–	950
Less : Deferred tax on revaluation	–	(228)
Financial investments at FVOCI – net change in fair value	(809)	252
Less : Deferred tax on Financial investments at FVOCI	224	–
Net actuarial gain/(loss) on defined benefit plan	(308)	1,068
Total other comprehensive income	(330)	1,555
Total comprehensive income for the year	4,642	13,637
Earnings per share
Basic earnings per share (USD)	0.071	0.173
Diluted earnings per share(USD)	0.069	0.171

Exchange rate of USD was Rs. 327.25 as at 31 March 2023 (Rs. 299.00 as at 31 March 2022).

The Statement of Profit or Loss and Other Comprehensive Income is solely for the convenience of Stakeholders (shareholders, investors, bankers and other users of Financial Statements) and do not form part of the Financial Statements.

STATEMENT OF FINANCIAL POSITION

As at 31 March	2023 USD ’000	2022 USD ’000
Assets
Cash and cash equivalents	9,984	6,769
Financial assets measured at fair value through profit or loss (FVTPL)	113	497
Derivative financial assets	2,829	3,750
Loans and receivables to banks	3,564	804
Deposits with financial institutions	22,058	27,734
Loans and receivables to customers	233,696	263,295
Other investment securities	22,979	21,993
Investment property	1,635	-
Property, plant and equipment	10,335	11,211
Intangible assets	812	455
Goodwill on amalgamation	138	523
Retirement benefit assets	1,012	1,364
Right-of-Use assets	2,391	2,570
Other assets	9,816	11,608
Total assets	321,362	352,573
Liabilities
Deposits from customers	192,132	174,638
Debt securities issued and subordinated debt	11,765	19,154
Other interest-bearing borrowings	50,758	82,641
Lease liabilities	2,543	2,684
Current tax liabilities	3,221	4,684
Deferred tax liabilities	1,234	2,107
Other liabilities	4,123	7,642
Total liabilities	265,776	293,550
Equity
Stated capital	7,218	7,899
Reserves	13,846	9,464
Retained earnings	34,522	41,660
Total equity	55,586	59,023
Total liabilities and equity	321,362	352,573
Net assets value per share (USD)	0.80	0.84
Contingencies and commitments	13,906	11,594

Exchange rate of USD was Rs. 327.25 as at 31 March 2023 (Rs. 299.00 as at 31 March 2022).

The Statement of Financial Position is solely for the convenience of Stakeholders (shareholders, investors, bankers and other users of Financial Statements) and do not form part of the Financial Statements.