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	2021 USD	2020 USD
Revenue	84,114,923	87,860,465
Interest income	75,282,067	79,125,762
Less: Interest expense	36,851,022	45,533,504
Net interest income	38,431,045	33,592,258
Fee and commission income	2,055,632	2,530,088
Other operating income	6,777,224	6,204,615
Total operating income	47,263,901	42,326,961
Less : Impairment charges and other credit losses on financial assets	7,193,098	7,857,155
Net operating income	40,070,803	34,469,806
Less: Operating expenses
Personnel expenses	7,096,083	8,356,553
Premises, equipment and establishment expenses	9,597,333	9,495,183
Other expenses	2,686,393	2,798,457
Total operating expenses	19,379,809	20,650,193
Operating profit before taxes on financial services	20,690,994	13,819,613
Less: Taxes on financial services	3,147,460	2,323,191
Profit before tax	17,543,534	11,496,422
Less : Income tax expense	4,604,792	2,200,552
Profit for the year	12,938,742	9,295,870
Other comprehensive income
Items that will not be reclassified to profit or loss
Change in deferred tax on revaluation	162,367	–
Equity investments at FVOCI – net change in fair value	344,682	(196,918)
Net actuarial gain/(loss) on defined benefit plan	(378,535)	314,042
Total other comprehensive income	128,514	117,124
Total comprehensive income for the year	13,067,256	9,412,994
Earnings per share
Basic/Diluted earnings per share	0.19	0.13

Figures in brackets indicate deductions.

* Comparative information for the year ended 31 March 2020 have been restated to reflect the effect of amalgamation.

Statement of Financial Position

For the year ended 31 March	2021 USD	2020 USD
Assets
Cash and cash equivalents	10,578,428	7,043,412
Financial assets measured at fair value through profit or loss (FVTPL)	812,868	285,609
Derivative financial assets	1,002,156	–
Loans and receivables to banks	15,012,200	18,679,152
Deposits with financial institutions	15,197,222	22,201,518
Loans and receivables to customers	379,811,411	366,475,190
Other investment securities	13,510,571	11,953,213
Investment property	102,206	102,206
Property, plant and equipment	15,637,780	14,930,442
Intangible assets	589,394	469,775
Goodwill on amalgamation	1,235,604	1,235,604
Right-of-Use Assets	4,032,998	4,254,974
Other assets	19,812,296	23,956,543
Total assets	477,335,134	471,587,638
Liabilities
Derivative financial liabilities	66,501	305,839
Deposits from customers	247,947,278	219,136,601
Debt securities issued	25,755,688	25,767,109
Other interest-bearing borrowings	109,907,833	139,181,945
Lease liabilities	4,102,226	4,070,388
Current tax liabilities	6,178,484	8,112,266
Deferred tax liabilities	1,904,969	3,083,043
Retirement benefit obligation	46,038	146,397
Other liabilities	10,318,841	13,306,366
Total liabilities	406,227,858	413,109,954
Equity
Stated capital	11,893,346	11,893,346
Reserves	12,628,180	11,645,162
Retained earnings	46,585,750	34,939,176
Total equity	71,107,276	58,477,684
Total liabilities and equity	477,335,134	471,587,638
Net assets value per share	1.02	0.84
Contingencies and commitments	13,686,788	2,546,923

* Comparative information as at 31 March 2020 have been restated to reflect the effect of amalgamation.