Bank		Group
For the year ended 31 December	2017 USD ’000	2016 USD ’000	2017 USD ’000	2016 USD ’000
Total income	1,237,851	1,028,848	1,288,890	1,066,097
Interest income	1,120,959	899,101	1,162,844	932,587
Less: Interest expenses	739,184	538,904	760,567	554,707
Net interest income	381,775	360,197	402,277	377,880
Fee and commission income	60,048	58,342	61,737	59,967
Less: Fee and commission expenses	12,321	10,148	12,904	10,729
Net fee and commission income	47,727	48,194	48,833	49,238
Net gains/(losses) from trading	18,331	13,762	18,463	13,601
Net gains/(losses) from financial instruments designated at fair value through profit or loss	–	–	–	–
Net gains/(losses) from financial investments	5,924	1,828	6,056	2,085
Other operating income	32,589	55,814	39,789	57,857
Total operating income	486,346	479,795	515,418	500,661
Less: Impairment charge/(reversal) for loans and other losses	61,108	29,351	64,668	29,513
Net operating income	425,238	450,444	450,750	471,148
Less: Operating expenses
Personnel expenses	111,192	112,446	122,492	122,893
Other expenses	68,115	87,974	78,381	105,059
Total operating expenses	179,307	200,420	200,873	227,952
Operating profit before Value Added Tax (VAT) and Nation Building Tax (NBT) on financial services	245,931	250,024	249,877	243,196
Less: Value Added Tax (VAT) and Nation Building Tax (NBT) on financial services	47,422	41,822	48,618	42,568
Operating profit after Value Added Tax (VAT) and Nation Building Tax (NBT) on financial services	198,509	208,202	201,259	200,628
Share of profits/(losses) of associate companies, net of tax	–	–	340	420
Profit before income tax	198,509	208,202	201,599	201,048
Less: Income tax expense	59,081	42,708	61,031	44,934
Profit for the year	139,428	165,494	140,568	156,114
Profit attributable to:
Equity holder of the Bank	139,428	165,494	140,461	156,853
Non-controlling interest	–	–	107	(739)
Profit for the year	139,428	165,494	140,568	156,114
Earnings per share:
Basic earnings per share (USD)	12.15	16.55	12.24	15.69
Diluted earnings per share (USD)	9.25	16.28	9.32	15.43
Dividend per share (USD)	7.04	11.58	7.04	11.58

Exchange rate of 1 USD was LKR 152.8548 as at 31 December 2017 (LKR 149.80 as at 31 December 2016).

The Statement of Profit or Loss given in this page does not form part of the Audited Financial Statements and it is solely for the convenience of the shareholders, investors, bankers and other interested parties of the Financial Statements of the Bank.