CITIZENS DEVELOPMENT BUSINESS FINANCE PLC
ANNUAL REPORT 2020/21
Statement of Changes in Equity
| Reserves | ||||||
| Stated
Capital
Rs. ’000 |
Revaluation Reserve Rs. ’000 | Fair Value
Reserve
Rs. ’000 |
Statutory
Reserve Fund
Rs. ’000 |
Retained
Earnings Rs. ’000 |
Total
Equity
Rs. ’000 |
|
| Balance as at 1 April 2019, as previously reported | 1,185,062 | 577,574 | – | 1,662,912 | 5,239,855 | 8,665,403 |
| Changes in capital structure due to amalgamation* | (15) | 204,881 | 204,866 | |||
| Restated balance as at 1 April 2019 | 1,185,062 | 577,574 | – | 1,662,897 | 5,444,736 | 8,870,269 |
| Rights issue | 1,019,356 | 1,019,356 | ||||
| Total comprehensive income for the year 2019/20* | ||||||
| Profit for the year | 1,837,050 | 1,837,050 | ||||
| Other comprehensive income for the year | ||||||
| Equity investments at FVOCI – net change in fair value | (38,915) | (38,915) | ||||
| Net actuarial gain on defined benefit plan (Refer Note 38) | 62,061 | 62,061 | ||||
| Total comprehensive income for the year 2019/20 | – | (38,915) | – | 1,899,111 | 1,860,196 | |
| Transactions with equity holders of the Company | ||||||
| Dividends to equity holders for the year – 2018/19 – Cash | (169,703) | (169,703) | ||||
| Dividends to equity holders for the year – 2018/19 – Scrip | 145,945 | (169,703) | (23,758) | |||
| Transfers during the year (Refer Note 41.2) | 8,510 | 91,251 | (99,761) | – | ||
| Total transactions with equity holders | 145,945 | – | 8,510 | 91,251 | (439,167) | (193,461) |
| Balance as at 31 March 2020 | 2,350,363 | 577,574 | (30,405) | 1,754,148 | 6,904,680 | 11,556,360 |
| Balance as at 1 April 2020 | 2,350,363 | 577,574 | (30,405) | 1,754,148 | 6,904,680 | 11,556,360 |
| Impact of amalgamation ** | (86,491) | (86,491) | ||||
| Total comprehensive income for the year 2020/21 | ||||||
| Profit for the year | 2,556,954 | 2,556,954 | ||||
| Other comprehensive income for the year | ||||||
| Adjustment in Deferred tax on revaluation | 32,087 | 32,087 | ||||
| Equity investments at FVOCI – net change in fair value | 68,116 | 68,116 | ||||
| Net actuarial loss on defined benefit plan (Refer Note 38) | (74,806) | (74,806) | ||||
| Total comprehensive income for the year 2020/21 | – | 32,087 | 68,116 | – | 2,482,148 | 2,582,351 |
| Transactions with equity holders of the Company | ||||||
| Transfers during the year (Refer Note 41.2) | (33,787) | 127,848 | (94,061) | – | ||
| Total transactions with equity holders | – | – | (33,787) | 127,848 | (94,061) | – |
| Balance as at 31 March 2021 | 2,350,363 | 609,661 | 3,924 | 1,881,996 | 9,206,276 | 14,052,220 |
The Notes to the Financial Statements on pages144 to 248 form an integral part of these Financial Statements.
Figures in brackets indicate deductions.
*Comparative information for the year ended 31 March 2020 have been restated to reflect the effect of amalgamation. (Refer Note 3)
**Unisons Capital Leasing Limited (with effect from 18 May 2020) and Fortune Properties Limited (with effect from 31 December 2020) have been amalgamated with Citizens Development Business Finance PLC. (Refer Note 3)