Other reserves | ||||||||||||
Stated capital |
Statutory reserve fund |
Retained earnings |
Revaluation reserve |
Available- for-sale reserve | Fair value reserve |
Foreign currency translation reserve |
Hedging reserve |
General reserve |
Employee share option reserve |
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 | |
Balance as at January 1, 2017 | 24,978,003 | 5,647,890 | 4,464,077 | 5,722,859 | (7,208,796) | – | 839,346 | – | 43,490,003 | 420,282 | 78,353,664 | |
Total comprehensive income for the year 2017 | ||||||||||||
Profit for the year | – | – | 16,581,244 | – | – | – | – | – | – | – | 16,581,244 | |
Other comprehensive income, net of tax | – | – | (529,902) | 1,396,663 | 5,501,302 | – | (525,093) | (3,212) | – | – | 5,839,758 | |
Net actuarial gains/(losses) on defined benefit plans | – | – | (529,902) | – | – | – | – | – | – | – | (529,902) | |
Net change in revaluation surplus | – | – | – | 1,396,663 | – | – | – | – | – | – | 1,396,663 | |
Net fair value gains/(losses) on remeasuring financial investments available for sale | – | – | – | – | 5,501,302 | – | – | – | – | – | 5,501,302 | |
Net gains/(losses) arising from translating the Financial Statements of the foreign operation | – | – | – | – | – | – | (525,093) | – | – | – | (525,093) | |
Cash flow hedges – effective portion of changes in fair value, net of tax | – | – | – | – | – | – | – | (3,212) | – | – | (3,212) | |
Total comprehensive income for the year 2017 | – | – | 16,051,342 | 1,396,663 | 5,501,302 | – | (525,093) | (3,212) | – | – | 22,421,002 | |
Transactions with owners, recognised directly in equity, contributions and distributions to owners | ||||||||||||
Proceeds from right issue of ordinary shares | 53 | 10,143,872 | – | – | – | – | – | – | – | – | – | 10,143,872 |
Issue of ordinary shares under employee share option plans | 53 | 386,311 | – | – | – | – | – | – | – | – | – | 386,311 |
Transfer o/a share-based payment transactions | 53 | 28,806 | – | – | – | – | – | – | – | – | (28,806) | – |
Dividends to equity holders | 1,606,549 | – | (5,955,851) | – | – | – | – | – | – | – | (4,349,302) | |
Second interim dividend for 2016 | 26 | – | – | (2,674,799) | – | – | – | – | – | – | – | (2,674,799) |
Final dividend for 2016 satisfied in the form of issue and allotment of new shares | 53 | 1,606,549 | – | (1,785,054) | – | – | – | – | – | – | – | (178,505) |
Unclaimed dividend absorbed/(dividend paid) in respect of previous years | – | – | (2,279) | – | – | – | – | – | – | – | (2,279) | |
First interim dividend for 2017 | 26 | – | – | (1,493,719) | – | – | – | – | – | – | – | (1,493,719) |
Share-based payment transactions | 57.6 | – | – | – | – | – | – | – | – | – | 138,341 | 138,341 |
Revaluation gain on disposal of freehold land and building | – | – | 36,940 | (31,468) | – | – | – | – | – | – | 5,472 | |
Transfers during the year | 55 & 57 | – | 829,062 | (9,609,062) | – | – | – | – | – | 8,780,000 | – | – |
Total transactions with equity holders | 12,165,538 | 829,062 | (15,527,973) | (31,468) | – | – | – | – | 8,780,000 | 109,535 | 6,324,694 | |
Balance as at December 31, 2017 | 37,143,541 | 6,476,952 | 4,987,446 | 7,088,054 | (1,707,494) | – | 314,253 | (3,212) | 52,270,003 | 529,817 | 107,099,360 | |
Balance as at December 31, 2017 | 37,143,541 | 6,476,952 | 4,987,446 | 7,088,054 | (1,707,494) | – | 314,253 | (3,212) | 52,270,003 | 529,817 | 107,099,360 | |
Impact of adoption of SLFRS 9 | (4,822,089) | – | 1,707,494 | (325,420) | – | – | – | – | (3,440,015) | |||
Recognition of SLFRS 9 ECLs including those measured at FVOCI | – | – | (5,305,558) | – | – | 194,256 | – | – | – | – | (5,111,302) | |
Deferred tax on transitional adjustments | – | – | 1,730,356 | – | – | (47,775) | – | – | – | – | 1,682,581 | |
Transfer of AFS reserve build o/a reclassification of AFS portfolio to HTM portfolio, net of tax | – | – | (1,587,069) | – | 1,587,069 | – | – | – | – | – | – | |
Impact of reclassifying financial investment from AFS to FVTPL | – | – | 340,182 | – | (340,182) | – | – | – | – | – | – | |
Remeasurement impact of reclassifying financial investment from L&R to FVOCI | – | – | – | – | – | (11,294) | – | – | – | – | (11,294) | |
Transfer of AFS reserve to fair value reserve | – | – | – | – | 460,607 | (460,607) | – | – | – | – | – | |
Balance as at January 1, 2018 | 37,143,541 | 6,476,952 | 165,357 | 7,088,054 | – | (325,420) | 314,253 | (3,212) | 52,270,003 | 529,817 | 103,659,345 | |
Total comprehensive income for the year 2018 | ||||||||||||
Profit for the year | – | – | 17,543,828 | – | – | – | – | – | – | – | 17,543,828 | |
Other comprehensive income, net of tax | – | – | 110,285 | – | – | (1,059,562) | 2,557,517 | 27,231 | – | – | 1,635,471 | |
Net actuarial gains/(losses) on defined benefit plans | – | – | 107,376 | – | – | – | – | – | – | – | 107,376 | |
Realised gain/(loss) from disposal of investment in equity | – | – | 2,909 | – | – | – | – | – | – | – | 2,909 | |
Net change in revaluation surplus | – | – | – | – | – | – | – | – | – | – | – | |
Net fair value gains/(losses) on remeasuring financial assets measured at fair value through other comprehensive income | – | – | – | – | – | (1,059,562) | – | – | – | – | (1,059,562) | |
Net gains/(losses) arising from translating the Financial Statements of the foreign operations | – | – | – | – | – | – | 2,557,517 | – | – | – | 2,557,517 | |
Cash flow hedges – effective portion of changes in fair value, net of tax | – | – | – | – | – | – | – | 27,231 | – | – | 27,231 | |
Total comprehensive income for the year 2018 | – | – | 17,654,113 | – | – | (1,059,562) | 2,557,517 | 27,231 | – | – | 19,179,299 | |
Transactions with owners, recognised directly in equity, contributions and distributions to owners | ||||||||||||
Issue of ordinary shares under employee share option plans | 53 | 203,083 | – | – | – | – | – | – | – | – | – | 203,083 |
Transfer o/a share-based payment transactions | 53 | 6,414 | – | – | – | – | – | – | – | – | (6,414) | – |
Dividends to equity holders | 1,794,844 | – | (6,499,203) | – | – | – | – | – | – | – | (4,704,359) | |
Second interim dividend for 2017 | 26 | – | – | (2,989,996) | – | – | – | – | – | – | – | (2,989,996) |
Final dividend for 2017 satisfied in the form of issue and allotment of new shares | 53 | 1,794,844 | – | (1,994,271) | – | – | – | – | – | – | – | (199,427) |
Unclaimed dividend absorbed/(dividend paid) in respect of previous years | – | – | 1,148 | – | – | – | – | – | – | – | 1,148 | |
First interim dividend for 2018 | 26 | – | – | (1,516,084) | – | – | – | – | – | – | – | (1,516,084) |
Share-based payment transactions | 57.6 | – | – | – | – | – | – | – | – | – | 68,581 | 68,581 |
Transfers during the year | 55 & 57 | – | 877,191 | (6,257,191) | – | – | – | – | – | 5,380,000 | – | – |
Total transactions with equity holders | 2,004,341 | 877,191 | (12,756,394) | – | – | – | – | – | 5,380,000 | 62,167 | (4,432,695) | |
Balance as at December 31, 2018 | 39,147,882 | 7,354,143 | 5,063,076 | 7,088,054 | – | (1,384,982) | 2,871,770 | 24,019 | 57,650,003 | 591,984 | 118,405,949 |
The Notes appearing on this Annual Report form an integral part of these Financial Statements.