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Financial Statements

Statement of Changes in Equity - Group

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Other reserves

Stated
capital
Statutory
reserve
fund
Retained
earnings
Revaluation
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
Balance as at December 31, 2019 40,916,958 8,387,701 5,182,185 7,837,785 1,783,503 2,765,992 (38,372) 67,120,003 468,494 134,424,249 1,589,234 136,013,483
Total comprehensive income for the year 2020
Profit for the year 16,939,950 16,939,950 146,847 17,086,797
Other comprehensive income, net of tax (225,018) 2,662,469 (1,319,619) 559,932 (64,139) 1,613,625 46,456 1,660,081
Net actuarial gains/(losses) on defined benefit plans (226,737) (226,737) (2,008) (228,745)
Gain on disposal of investments in equity instruments 1,719 1,719 1,719
Share of other comprehensive income of associate, net of tax 3,436 3,436 3,436
Net change in revaluation surplus 2,662,469 2,662,469 11,673 2,674,142
Net fair value gains/(losses) on remeasuring financial assets measured at fair value through other comprehensive income (1,323,055) (1,323,055) (1,323,055)
Net gains/(losses) arising from translating the Financial Statements of foreign operations 559,932 559,932 36,791 596,723
Cash flow hedges – effective portion of changes in fair value, net of tax (64,139) (64,139) (64,139)
Total comprehensive income for the year 2020 16,714,932 2,662,469 (1,319,619) 559,932 (64,139) 18,553,575 193,303 18,746,878
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 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) (41,214)
Dividends to equity holders 2,055,014 (5,137,434) (3,082,420) (15,996) (3,098,416)
Second interim dividend for 2019 25 (3,082,520) (3,082,520) (3,082,520)
Final cash dividend for 2019 (13,620) (13,620)
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 100 100 24 124
Interim Dividend for 2020 (2,400) (2,400)
Share-based payment transactions 56.5 112,203 112,203 112,203
Movement due to change in ownership 6,130 4,514 10,644 (10,644)
Transfers during the year 54 to 56 897,532 (8,747,532) 7,850,000
Total transactions with equity holders 11,270,789 897,532 (13,772,856) 4,514 7,850,000 (34,991) 6,214,988 (26,640) 6,188,348
Balance as at December 31, 2020 52,187,747 9,285,233 8,124,261 10,504,768 463,884 3,325,924 (102,511) 74,970,003 433,503 159,192,812 1,755,897 160,948,709
Total comprehensive income for the year 2021
Profit for the year 24,062,469 24,062,469 227,819 24,290,288
Other comprehensive income, net of tax 8,647 579,943 (12,443,197) 1,181,148 46,169 (10,627,290) 109,263 (10,518,027)
Net actuarial gains/(losses) on defined benefit plans 8,647 8,647 2,297 10,944
Gain on disposal of investments in equity instruments
Share of other comprehensive income of associate, net of tax (1,512) (1,512) (1,512)
Net change in revaluation surplus 56.1 579,943 579,943 9,223 589,166
Net fair value gains/(losses) on remeasuring financial assets measured at fair value through other comprehensive income (12,441,685) (12,441,685) (12,441,685)
Net gains/(losses) arising from translating the Financial Statements of foreign operations 1,181,148 1,181,148 97,743 1,278,891
Cash flow hedges – effective portion of changes in fair value, net of tax 46,169 46,169 46,169
Total comprehensive income for the year 2021 24,071,116 579,943 (12,443,197) 1,181,148 46,169 13,435,179 337,082 13,772,261
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 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) (77,112)
Dividends to equity holders 2,334,698 (7,493,698) (5,159,000) (15,168) (5,174,168)
First & Final dividend for 2020 satisfied in the form of cash (5,253,070) (5,253,070) (12,200) (5,265,270)
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 94,070 94,070 32 94,102
Interim Dividend for 2021 (3,000) (3,000)
Share-based Payment transactions 56.5 41,972 41,972 41,972
Transfers during the year 54 to 56 1,305,105 (15,055,105) 13,750,000
Total transactions with equity holders 2,379,210 1,305,105 (22,304,615) 13,750,000 (282,974) (5,153,274) (15,168) (5,168,442)
Balance as at December 31, 2021 54,566,957 10,590,338 9,890,762 11,084,711 (11,979,313) 4,507,072 (56,342) 88,720,003 150,529 167,474,717 2,077,811 169,552,528

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