(All amounts in Sri Lanka rupees million)
For the year ended 31 December | Notes | Group | Company | ||
2019 | 2018 | 2019 | 2018 | ||
Revenue | 6 | 85,948 | 81,445 | 50,007 | 47,389 |
Direct costs | 7 | (48,223) | (44,803) | (28,711) | (28,263) |
Gross profit | 37,725 | 36,642 | 21,296 | 19,126 | |
Sales and marketing cost | 7 | (9,472) | (9,366) | (3,553) | (4,109) |
Administrative cost | 7 | (19,714) | (19,663) | (14,393) | (13,176) |
Operating profit | 8,539 | 7,613 | 3,350 | 1,841 | |
Other income | 845 | 947 | 1,166 | 1,551 | |
Dividend income | – | – | 449 | 628 | |
Interest expense and finance costs | 9 | (2,067) | (239) | (690) | (93) |
Foreign exchange (loss)/gain | 9. (a) | (443) | (1,809) | (314) | (1,200) |
Interest income | 10 | 1,288 | 685 | 739 | 443 |
Share of profit/(loss) from associate company | 16.2 | 54 | (28) | 54 | (28) |
Profit before tax | 8,216 | 7,169 | 4,754 | 3,142 | |
Income tax expenses | 11 | (1,894) | (2,221) | (974) | (1,236) |
Profit for the year | 6,322 | 4,948 | 3,780 | 1,906 | |
Other comprehensive income | |||||
Other comprehensive income that may be reclassified to profit or loss in subsequent period | |||||
Net movement on cash flow hedges | 12 | 201 | (672) | 201 | (672) |
Other comprehensive income that will not be reclassified to profit or loss in subsequent period | |||||
Defined benefit plan actuarial (losses)/gains | 26 | (214) | 125 | (49) | 85 |
Tax charge/(reverse) on other comprehensive income | 11 | 49 | (13) | 14 | (23) |
Other comprehensive income for the year net of tax | 36 | (560) | 166 | (610) | |
Total comprehensive income for the year | 6,358 | 4,388 | 3,946 | 1,296 | |
Profit attributable to: | |||||
Owners of the Company | 6,320 | 4,944 | 3,780 | 1,906 | |
Non-controlling interest | 2 | 4 | – | – | |
6,322 | 4,948 | 3,780 | 1,906 | ||
Total comprehensive income attributable to: | |||||
Owners of the Company | 6,356 | 4,384 | 3,946 | 1,296 | |
Non-controlling interest | 2 | 4 | – | – | |
6,358 | 4,388 | 3,946 | 1,296 | ||
Earnings per share | |||||
– Basic (LKR) | 13 | 3.50 | 2.74 | 2.09 | 1.06 |
The Notes on pages 123 to 182 form an integral part of these Financial Statements.