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.