Statement of Changes in Equity – Group
| 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 |
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 | Rs. ’000 | |
| 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 | – | – | 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 | 53 | 10,143,872 | – | – | – | – | – | – | – | – | – | 10,143,872 | – | 10,143,872 |
| Issue of ordinary shares under employee share option plans | 53 | 386,311 | – | – | – | – | – | – | – | – | – | 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) | (3,690) | (4,352,992) | |
| Second interim dividend for 2016 | 26 | – | – | (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) |
| Unclaimed dividend absorbed/(dividend paid) in respect of previous years | – | – | (2,279) | – | – | – | – | – | – | – | (2,279) | – | (2,279) | |
| First interim dividend for 2017 | 26 | – | – | (1,493,719) | – | – | – | – | – | – | – | (1,493,719) | (1,476) | (1,495,195) |
| Share-based payment transactions | 57.6 | – | – | – | – | – | – | – | – | – | 138,341 | 138,341 | – | 138,341 |
| 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 | |
| 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 | |
| Impact of adoption of SLFRS 9 | – | – | (5,140,993) | – | 1,707,486 | (325,412) | – | – | – | – | (3,758,919) | – | (3,758,919) | |
| Recognition of SLFRS 9 ECLs including those measured at FVOCI | – | – | (5,749,369) | – | – | 194,256 | – | – | – | – | (5,555,113) | – | (5,555,113) | |
| Deferred tax on transitional adjustments | – | – | 1,855,263 | – | – | (47,775) | – | – | – | – | 1,807,488 | – | 1,807,488 | |
| 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) | – | (11,294) | |
| Transfer of AFS reserve to fair value reserve | – | – | – | – | 460,599 | (460,599) | – | – | – | – | – | – | – | |
| Balance as at January 1, 2018 | 37,143,541 | 6,492,552 | (54,384) | 7,834,003 | – | (325,412) | 348,973 | (3,212) | 52,270,003 | 529,817 | 104,235,881 | 871,906 | 105,107,787 | |
| Total comprehensive income for the year 2018 | ||||||||||||||
| Profit for the year | – | – | 17,734,706 | – | – | – | – | – | – | – | 17,734,706 | 128,125 | 17,862,831 | |
| Other comprehensive income, net of tax | – | – | 99,246 | (10,010) | – | (1,060,943) | 2,808,079 | 27,231 | – | – | 1,863,603 | 195,685 | 2,059,288 | |
| Net actuarial gains/(losses) on defined benefit plans | – | – | 104,769 | – | – | – | – | – | – | – | 104,769 | (188) | 104,581 | |
| Realised gain/(loss) from disposal of investment in equity | – | – | 2,909 | – | – | – | – | – | – | – | 2,909 | – | 2,909 | |
| Share of other comprehensive income of associates, net of tax | – | – | (8,432) | – | – | – | – | – | – | – | (8,432) | – | (8,432) | |
| Deferred tax charge reversal on revaluation surplus | – | – | – | (10,010) | – | – | – | – | – | – | (10,010) | – | (10,010) | |
| Net fair value gains/(losses) on remeasuring financial assets measured at fair value through other comprehensive income | – | – | – | – | – | (1,060,943) | – | – | – | – | (1,060,943) | – | (1,060,943) | |
| Net gains/(losses) arising from translating the Financial Statements of foreign operations | – | – | – | – | – | – | 2,808,079 | – | – | – | 2,808,079 | 195,873 | 3,003,952 | |
| Cash flow hedges – effective portion of changes in fair value, net of tax | – | – | – | – | – | – | – | 27,231 | – | – | 27,231 | – | 27,231 | |
| Total comprehensive income for the year 2018 | – | – | 17,833,952 | (10,010) | – | (1,060,943) | 2,808,079 | 27,231 | – | – | 19,598,309 | 323,810 | 19,922,119 | |
| 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 | – | 203,083 |
| Transfer o/a share-based payment transactions | 53 | 6,414 | – | – | – | – | – | – | – | – | (6,414) | – | – | – |
| Dividends to equity holders | 1,794,844 | – | (6,498,747) | – | – | – | – | – | – | – | (4,703,903) | (4,181) | (4,708,084) | |
| Second interim dividend for 2017 | 26 | – | – | (2,989,996) | – | – | – | – | – | – | – | (2,989,996) | – | (2,989,996) |
| Final cash dividend for 2017 | – | – | – | – | – | – | – | – | – | – | – | (2,531) | (2,531) | |
| Final dividend for 2017 satisfied in the form of issue and allotment of new shares | 53 | 1,794,844 | – | (1,994,271) | – | – | – | – | – | – | – | (199,427) | – | (199,427) |
| Unclaimed dividend absorbed/(dividend paid) in respect of previous years | – | – | 1,604 | – | – | – | – | – | – | – | 1,604 | 37 | 1,641 | |
| First interim dividend for 2018 | 26 | – | – | (1,516,084) | – | – | – | – | – | – | – | (1,516,084) | (1,687) | (1,517,771) |
| Share-based payment transactions | 57.6 | – | – | – | – | – | – | – | – | – | 68,581 | 68,581 | – | 68,581 |
| Write back of dividend payable | – | – | – | – | – | – | – | – | – | – | – | – | – | |
| Profit due to change in ownership | – | – | 3,344 | – | – | – | – | – | – | – | 3,344 | – | 3,344 | |
| Movement due to change in ownership | – | – | (2,584) | (4,862) | – | – | – | – | – | – | (7,446) | 7,446 | – | |
| Transfers during the year | 55 & 57 | – | 951,626 | (6,331,626) | – | – | – | – | – | 5,380,000 | – | – | – | – |
| Total transactions with equity holders | 2,004,341 | 951,626 | (12,829,613) | (4,862) | – | – | – | – | 5,380,000 | 62,167 | (4,436,341) | 3,265 | (4,433,076) | |
| Balance as at December 31, 2018 | 39,147,882 | 7,444,178 | 4,949,955 | 7,819,131 | – | (1,386,355) | 3,157,052 | 24,019 | 57,650,003 | 591,984 | 119,397,849 | 1,198,981 | 120,596,830 | |
The Notes appearing on this Annual Report form an integral part of these Financial Statements.