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Financial reports

Statement of profit or loss and other comprehensive income

(all amounts in Sri Lanka rupees million)

    Group Company
For the year ended 31 December Notes 2018 2017 2018 2017
Revenue 6 81,445 75,741 47,389 44,537
Direct costs 7 (44,803) (43,218) (28,263) (26,492)
Gross profit 36,642 32,523 19,126 18,045
Sales and marketing cost 7 (9,366) (9,827) (4,109) (4,398)
Administrative cost 7 (19,663) (18,778) (13,176) (13,389)
Operating profit 7,613 3,918 1,841 258
Other income 947 1,207 1,551 1,059
Dividend income 628 733
Interest expense and finance costs 9 (239) (159) (93) (12)
Foreign exchange (loss)/gain 9.a (1,809) (478) (1,200) (471)
Interest income 10 685 1,040 443 562
Share of loss from associates company (28) (28)
Profit before tax 7,169 5,528 3,142 2,129
Income tax expenses 11 (2,221) (1,588) (1,236) (701)
Profit for the Year 4,948 3,940 1,906 1,428
Other comprehensive income
Other comprehensive income that may be reclassified
to profit or loss in subsequent period
Net movement on cash flow hedges 12 (672) (672)
Other comprehensive income that will not be
reclassified to profit or loss in subsequent period
Defined benefit plan actuarial (losses)/gains 26 125 543 85 553
Tax on other comprehensive income 11 (13) (155) (23) (155)
Other comprehensive income for the year net of tax (560) 388 (610) 398
Total Comprehensive Income for the year 4,388 4,328 1,296 1,826
Profit Attributable to:
Owners of the Company 4,948 3,940 1,906 1,428
Total comprehensive Income attributable to:
Owners of the Company 4,388 4,328 1,296 1,826
Earnings per share
– Basic (LKR) 13 2.74 2.18 1.06 0.79

The Notes form an integral part of these Financial Statements.