Financial Statements

Statement of Changes in Equity – Bank

Note Other reserves
Stated
capital
Rs. ’000
Statutory
reserve fund
Rs. ’000
Retained
earnings
Rs. ’000
Revaluation
reserve
Rs. ’000
Available-
for-sale reserve
Rs. ’000
Fair value
reserve
Rs. ’000
Foreign
currency
translation
reserve
Rs. ’000
Hedging
reserve
Rs. ’000
General
reserve
Rs. '000
Employee
share option
reserve
Rs. ’000
Total
equity
Rs. ’000
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)
Re-measurement 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 gains/(losses) 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 25 (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 25 (1,516,084) (1,516,084)
Share-based payment transactions 57.6 68,581 68,581
Transfers during the year 55 to 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
Impact of adoption of SLFRS 16 (57,627) (57,627)
Reversal of deferred tax asset created on liability o/a straight lining of lease rentals (57,627) (57,627)
Balance as at January 1, 2019 39,147,882 7,354,143 5,005,449 7,088,054 (1,384,982) 2,871,770 24,019 57,650,003 591,984 118,348,322
Total comprehensive income for the year 2019
Profit for the year 17,024,967 17,024,967
Other comprehensive income, net of tax (56,940) 3,170,423 (399,787) (62,391) 2,651,305
Net actuarial gains/(losses) on defined benefit plans (56,940) (56,940)
Realised gains/(losses) from disposal of investment in equity
Net change in revaluation surplus
Net fair value gains/(losses) on remeasuring financial assets measured at
fair value through other comprehensive income
3,170,423 3,170,423
Net gains/(losses) arising from translating the Financial Statements of the
foreign operations
(399,787) (399,787)
Cash flow hedges – effective portion of changes in fair value, net of tax (62,391) (62,391)
Total comprehensive income for the year 2019 16,968,027 3,170,423 (399,787) (62,391) 19,676,272
Transactions with owners, recognised directly in equity,
contributions and distributions to owners
Issue of ordinary shares under employee share option plans 53 30,128 30,128
Transfer o/a share-based payment transactions 53
Transfer of value of expired ESOP 56 & 57.6 88,913 (123,490) (34,577)
Dividends to equity holders 1,738,948 (6,596,708) (4,857,760)
Second interim dividend for 2018 25 (3,032,869) (3,032,869)
Final dividend for 2018 satisfied in the form of issue and allotment of new shares 53 1,738,948 (2,022,032) (283,084)
Unclaimed dividend absorbed/(dividend paid) in respect of previous years (547) (547)
First interim dividend for 2019 25 (1,541,260) (1,541,260)
Share-based payment transactions 57.6
Transfers during the year 55 to 57 851,248 (10,321,248) 9,470,000
Total transactions with equity holders 1,769,076 851,248 (16,829,043) 9,470,000 (123,490) (4,862,209)
Balance as at December 31, 2019 40,916,958 8,205,391 5,144,433 7,088,054 1,785,441 2,471,983 (38,372) 67,120,003 468,494 133,162,385

The Notes appearing on this Annual Report form an integral part of these Financial Statements.

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