Commercial Bank Logo

Financial Statements

Statement of Changes in Equity - Bank

Print This Page Icon Add to Report Icon Download PDF Icon

 

  Other reserves
Note Stated
capital


Rs. ’000
Statutory
reserve fund


Rs. ’000
Retained
earnings


Rs. ’000
Revaluation
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, 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
Total comprehensive income for the year 2020
Profit for the year 16,373,489 16,373,489
Other comprehensive income, net of tax (221,320) 2,574,858 (1,323,110) 439,883 (64,139) 1,406,172
Net actuarial gains/(losses) on defined benefit plans (223,039) (223,039)
Gain on disposal of investments in equity instruments 1,719 1,719
Net change in revaluation surplus 56.1 2,574,858 2,574,858
Net fair value gains/(losses) on remeasuring financial assets measured at fair value through other comprehensive income (1,323,110) (1,323,110)
Net gains/(losses) arising from translating the Financial Statements of the foreign operations 439,883 439,883
Cash flow hedges – effective portion of changes in fair value, net of tax (64,139) (64,139)
Total comprehensive income for the year 2020 16,152,169 2,574,858 (1,323,110) 439,883 (64,139) 17,779,661
Transactions with owners recognised directly in equity, contributions by and distributions to owners
Proceeds on issue of ordinary voting shares to IFC parties (Private placement) 52 9,215,775 9,215,775
Issue of ordinary voting shares under employee share option plans 52
Transfer o/a share-based payment transactions 52
Transfer of cost o/a of expired ESOP Shares (net of tax) 55 & 56.5 105,980 (147,194) (41,214)
Dividends to equity holders 2,055,014 (5,137,648) (3,082,634)
Second interim dividend for 2019 25 (3,082,520) (3,082,520)
Final dividend for 2019 satisfied in the form of issue and allotment of new shares 25 2,055,014 (2,055,014)
Unclaimed dividend absorbed/(dividend paid) in respect of previous years (114) (114)
Share-based payment transactions 56.5 112,203 112,203
Transfers during the year 54 to 56 818,674 (8,668,674) 7,850,000
Total transactions with equity holders 11,270,789 818,674 (13,700,342) - - - - 7,850,000 (34,991) 6,204,130
Balance as at December 31, 2020 52,187,747 9,024,065 7,596,260 9,662,912 462,331 2,911,866 (102,511) 74,970,003 433,503 157,146,176
Total comprehensive income for the year 2021
Profit for the year 23,606,051 23,606,051
Other comprehensive income, net of tax 6,051 532,740 (12,442,506) 1,152,856 46,169 (10,704,690)
Net actuarial gains/(losses) on defined benefit plans 6,051 6,051
Gain on disposal of investments in equity instruments
Net change in revaluation surplus 56.1 532,740 532,740
Net fair value gains/(losses) on remeasuring financial assets measured at fair value through other comprehensive income (12,442,506) (12,442,506)
Net gains/(losses) arising from translating the Financial Statements of the foreign operations 1,152,856 1,152,856
Cash flow hedges – effective portion of changes in fair value, net of tax 46,169 46,169
Total comprehensive income for the year 2021 23,612,102 532,740 (12,442,506) 1,152,856 46,169 12,901,361
Transactions with owners recognised directly in equity, contributions by and distributions to owners
Issue of ordinary voting shares under employee share option plans 52 40,866 40,866
Transfer o/a share-based payment transactions 52 3,646 (3,646)
Transfer of cost o/a of expired ESOP Shares (net of tax) 55 & 56.5 244,188 (321,300) (77,112)
Dividends to equity holders 2,334,698 (7,493,982) (5,159,284)
First & Final dividend for 2020 satisfied in the form of cash 25 (5,253,070) (5,253,070)
First & Final dividend for 2020 satisfied in the form of issue and allotment of new shares 25 2,334,698 (2,334,698)
Unclaimed dividend absorbed / (dividend paid) in respect of previous years 93,786 93,786
Share-based payment transactions 56.5 41,972 41,972
Transfers during the year 54 to 56 1,180,303 (14,930,303) 13,750,000
Total transactions with equity holders 2,379,210 1,180,303 (22,180,097) 13,750,000 (282,974) (5,153,558)
Balance as at December 31, 2021 54,566,957 10,204,368 9,028,265 10,195,652 (11,980,175) 4,064,722 (56,342) 88,720,003 150,529 164,893,979

The Notes appearing on pages 199 to 336 form an integral part of these Financial Statements.