| 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 1 to 69 form an integral part of these Financial Statements.
