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.

	2020/21 Rs. ’000	2019/20 Rs. ’000	Increase %
Value created
Interest income	14,877,242	15,636,833
Fee commission income	406,234	499,996
Other operating income	1,339,315	1,226,156
Total direct economic value generated	16,622,791	17,362,985	-4
Value distributed
Operating costs	3,826,397	3,952,613
To the employees as salaries wages and other benefits	1,402,328	1,651,422
To the government as income tax and taxes on financial services	1,532,000	893,982
To providers of capital as dividend	523,446	–
To society as corporate social responsibility	22,613	29,587
To depositors and lenders as interest payments	7,282,499	8,998,331
Total economic value distributed	14,589,283	15,525,935	-6
Economic value retained	2,033,508	1,837,050	11