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