Other reserves | |||||||||||||
Stated capital |
Statutory reserve fund |
Retained earnings |
Revaluation reserve |
Available- for-sale reserve |
Foreign currency translation reserve |
Hedging reserve |
General reserve |
Employee share option reserve |
Shareholders’ funds |
Non-controlling interest |
Total equity |
||
Note | Rs. ’000 | Rs. ’000 | Rs. ’000 | Rs. ’000 | Rs. ’000 | Rs. ’000 | Rs. ’000 | Rs. ’000 | Rs. ’000 | Rs. ’000 | Rs. ’000 | Rs. ’000 | |
Balance as at January 1, 2016 | 23,254,605 | 4,922,367 | 4,467,807 | 6,258,939 | (3,955,376) | 432,489 | – | 35,359,478 | 223,330 | 70,963,639 | 50,208 | 71,013,847 | |
Total comprehensive income for the year 2016 | |||||||||||||
Profit for the year | – | – | 14,510,333 | – | – | – | – | – | – | 14,510,333 | (43,909) | 14,466,424 | |
Other comprehensive income, net of tax | – | – | 144,591 | – | (3,253,429) | 428,013 | – | – | – | (2,680,825) | 10,594 | (2,670,231) | |
Net actuarial gains/(losses) on defined benefit plans | – | – | 140,784 | – | – | – | – | – | – | 140,784 | 42 | 140,826 | |
Share of other comprehensive income of associates, net of tax | 38.1 | – | – | 3,807 | – | – | – | – | – | – | 3,807 | – | 3,807 |
Net fair value gains/(losses) on remeasuring financial investments – Available for sale | – | – | – | – | (3,253,429) | – | – | – | – | (3,253,429) | – | (3,253,429) | |
Net gains/(losses) arising from translating the Financial Statements of foreign operations | – | – | – | – | – | 428,013 | – | – | – | 428,013 | 10,552 | 438,565 | |
Total comprehensive income for the year 2016 | – | – | 14,654,924 | – | (3,253,429) | 428,013 | – | – | – | 11,829,508 | (33,315) | 11,796,193 | |
Transactions with owners, recognised directly in equity, contributions and distributions to owners | |||||||||||||
Issue of ordinary shares under Employee Share Option Plan | 53 | 144,804 | – | – | – | – | – | – | – | – | 144,804 | – | 144,804 |
Dividends to equity holders | 1,578,594 | (5,720,913) | – | – | – | – | – | – | (4,142,319) | (3,432) | (4,145,751) | ||
Final cash dividend for 2015 | – | – | (2,630,991) | – | – | – | – | – | – | (2,630,991) | (2,059) | (2,633,050) | |
Final dividend for 2015 satisfied in the form of issue and allotment of new shares | 53 | 1,578,594 | – | (1,753,994) | – | – | – | – | – | – | (175,400) | – | (175,400) |
First interim dividend for 2016 | 24 | – | – | (1,335,928) | – | – | – | – | – | – | (1,335,928) | (1,373) | (1,337,301) |
Share-based payment transactions (net) | 57.5 | – | – | – | – | – | – | – | – | 196,952 | 196,952 | – | 196,952 |
Write back of unclaimed dividends | – | – | 624 | – | – | – | – | – | – | 624 | 38 | 662 | |
Derecognition of revaluation reserve to the retained earnings | – | – | 5,628 | (5,628) | – | – | – | – | – | – | – | – | |
Profit due to change in ownership | – | – | 3,047 | – | – | – | – | – | – | 3,047 | – | 3,047 | |
Movement due to change in ownership | – | – | (1,188) | (2,757) | – | – | – | – | – | (3,945) | 3,945 | – | |
Incorporation of a subsidiary with non-controlling interest | – | – | – | – | – | – | – | – | – | – | 805,669 | 805,669 | |
Transfers during the year | 55 & 57 | – | 725,626 | (8,856,151) | – | – | – | – | 8,130,525 | – | – | – | – |
Total transactions with equity holders | 1,723,398 | 725,626 | (14,568,953) | (8,385) | – | – | – | 8,130,525 | 196,952 | (3,800,837) | 806,220 | (2,994,617) | |
Balance as at January 1, 2017 | 24,978,003 | 5,647,993 | 4,553,778 | 6,250,554 | (7,208,805) | 860,502 | – | 43,490,003 | 420,282 | 78,992,310 | 823,113 | 79,815,423 | |
Total comprehensive income for the year 2017 | |||||||||||||
Profit for the year | – | – | 16,605,963 | – | – | – | – | – | – | 16,605,963 | 20,544 | 16,626,507 | |
Other comprehensive income, net of tax | – | – | (532,590) | 1,622,567 | 5,501,319 | (511,529) | (3,212) | – | – | 6,076,555 | 21,955 | 6,098,510 | |
Net actuarial gains/(losses) on defined benefit plans | – | – | (536,116) | – | – | – | – | – | – | (536,116) | (392) | (536,508) | |
Share of other comprehensive income of associates, net of tax | 38.1 | – | – | 3,526 | – | – | – | – | – | – | 3,526 | – | 3,526 |
Net change in revaluation surplus | – | – | – | 1,622,567 | – | – | – | – | – | 1,622,567 | 13,958 | 1,636,525 | |
Net fair value gains/(losses) on remeasuring financial investments – Available for sale | – | – | – | – | 5,501,319 | – | – | – | – | 5,501,319 | – | 5,501,319 | |
Net gains/(losses) arising from translating the Financial Statements of foreign operations | – | – | – | – | – | (511,529) | – | – | – | (511,529) | 8,389 | (503,140) | |
Cash flow hedges – effective portion of changes in fair value, net of tax | – | – | – | – | – | – | (3,212) | – | – | (3,212) | – | (3,212) | |
Total comprehensive income for the year 2017 | – | – | 16,073,373 | 1,622,567 | 5,501,319 | (511,529) | (3,212) | – | – | 22,682,518 | 42,499 | 22,725,017 | |
Transactions with owners, recognised directly in equity, contributions and distributions to owners | |||||||||||||
Proceeds from Rights issue of ordinary shares | 10,143,872 | – | – | – | – | – | – | – | – | 10,143,872 | – | 10,143,872 | |
Issue of ordinary shares under Employee Share Option Plans | 53 | 415,117 | – | – | – | – | – | – | – | – | 415,117 | – | 415,117 |
Dividends to equity holders | 1,606,549 | – | (5,955,851) | – | – | – | – | – | – | (4,349,302) | (3,690) | (4,352,992) | |
Second interim dividend for 2016 | 24 | – | – | (2,674,799) | – | – | – | – | – | – | (2,674,799) | (1,845) | (2,676,644) |
Final cash dividend for 2016 | – | – | – | – | – | – | – | – | – | – | (369) | (369) | |
Final dividend for 2016 satisfied in the form of issue and allotment of new shares | 53 | 1,606,549 | – | (1,785,054) | – | – | – | – | – | – | (178,505) | – | (178,505) |
Dividend paid in respect of previous years | – | – | (2,279) | – | – | – | – | – | – | (2,279) | – | (2,279) | |
First interim dividend for 2017 | 24 | – | – | (1,493,719) | – | – | – | – | – | – | (1,493,719) | (1,476) | (1,495,195) |
Share-based payment transactions (net) | 57.5 | – | – | – | – | – | – | – | – | 109,535 | 109,535 | – | 109,535 |
Derecognition of revaluation reserve to the retained earnings | – | – | – | – | – | – | – | – | – | – | – | – | |
Profit due to change in ownership | – | – | 5,262 | – | – | – | – | – | – | 5,262 | – | 5,262 | |
Movement due to change in ownership | – | – | (2,334) | (7,650) | – | – | – | – | – | (9,984) | 9,984 | – | |
Revaluation gain on disposal of freehold land and building | – | – | 36,940 | (31,468) | – | – | – | – | – | 5,472 | – | 5,472 | |
Transfers during the year | 55 & 57 | – | 844,559 | (9,624,559) | – | – | – | – | 8,780,000 | – | – | – | – |
Total transactions with equity holders | 12,165,538 | 844,559 | (15,540,542) | (39,118) | – | – | – | 8,780,000 | 109,535 | 6,319,972 | 6,294 | 6,326,266 | |
Balance as at December 31, 2017 | 37,143,541 | 6,492,552 | 5,086,609 | 7,834,003 | (1,707,486) | 348,973 | (3,212) | 52,270,003 | 529,817 | 107,994,800 | 871,906 | 108,866,706 |
The Notes appearing on this Annual Report form an integral part of these Financial Statements.