| Note | Other reserves | ||||||||||
| 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, 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 | |
| Net change in revaluation surplus | 55.1 | – | – | – | 532,740 | – | – | – | – | – | 532,740 |
| Net fair value gains/(losses) on remeasuring financial assets measured at fair value through other comprehensive income | 55.3 | – | – | – | – | (12,442,506) | – | – | – | – | (12,442,506) |
| Net gains/(losses) arising from translating the Financial Statements of the foreign operations | 55.4 | – | – | – | – | – | 1,152,856 | – | – | – | 1,152,856 |
| Cash flow hedges – effective portion of changes in fair value, net of tax | 55.6 | – | – | – | – | – | – | 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 | 51 | 40,866 | – | – | – | – | – | – | – | – | 40,866 |
| Transfer o/a share-based payment transactions | 51 | 3,646 | – | – | – | – | – | – | – | (3,646) | – |
| Transfer of cost o/a of expired ESOP Shares (net of tax) | 54 & 55.5 |
– | – | 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 | 55.5 | – | – | – | – | – | – | – | – | 41,972 | 41,972 |
| Transfers during the year | 53 to 55 | – | 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 | |
| Adjustment for Surcharge Tax levied under the Surcharge Tax Act No. 14 of 2022 | 54 | – | – | (5,036,184) | – | – | – | – | – | – | (5,036,184) |
| Adjusted balance as at January 01, 2022 | 54,566,957 | 10,204,368 | 3,992,081 | 10,195,652 | (11,980,175) | 4,064,722 | (56,342) | 88,720,003 | 150,529 | 159,857,795 | |
| Total comprehensive income for the year 2022 | |||||||||||
| Profit for the year | – | – | 22,969,791 | – | – | – | – | – | – | 22,969,791 | |
| Other comprehensive income, net of tax | – | – | (14,793) | (799,110) | 12,058,918 | 14,876,983 | 92,896 | – | – | 26,214,894 | |
| Net actuarial gains/(losses) on defined benefit plans | – | – | (22,166) | – | – | – | – | – | – | (22,166) | |
| Gain on disposal of investments in equity instruments | – | – | 7,373 | – | – | – | – | – | – | 7,373 | |
| Net change in revaluation surplus | 55.1 | – | – | – | (799,110) | – | – | – | – | – | (799,110) |
| Net fair value gains/(losses) on remeasuring financial assets measured at fair value through other comprehensive income | 55.3 | – | – | – | – | 12,058,918 | – | – | – | – | 12,058,918 |
| Net gains/(losses) arising from translating the Financial Statements of the foreign operations | 55.4 | – | – | – | – | – | 14,876,983 | – | – | – | 14,876,983 |
| Cash flow hedges – effective portion of changes in fair value, net of tax | 55.6 | – | – | – | – | – | – | 92,896 | – | – | 92,896 |
| Total comprehensive income for the year 2022 | – | – | 22,954,998 | (799,110) | 12,058,918 | 14,876,983 | 92,896 | – | – | 49,184,685 | |
| Transactions with owners recognised directly in equity, contributions by and distributions to owners |
|||||||||||
| Dividends to equity holders | 3,582,664 | – | (8,926,468) | – | – | – | – | – | – | (5,343,804) | |
| First & Final dividend for 2021 satisfied in the form of cash | 25 | – | – | (5,373,996) | – | – | – | – | – | – | (5,373,996) |
| First & Final dividend for 2021 satisfied in the form of issue and allotment of new shares | 25 | 3,582,664 | – | (3,582,664) | – | – | – | – | – | – | – |
| Unclaimed dividend absorbed/(dividend paid) in respect of previous years | – | – | 30,192 | – | – | – | – | – | – | 30,192 | |
| Transfers during the year | 53 to 55 | – | 1,148,490 | (12,428,490) | – | – | – | – | 11,280,000 | – | – |
| Total transactions with equity holders | 3,582,664 | 1,148,490 | (21,354,958) | – | – | – | – | 11,280,000 | – | (5,343,804) | |
| Balance as at December 31, 2022 | 58,149,621 | 11,352,858 | 5,592,121 | 9,396,542 | 78,743 | 18,941,705 | 36,554 | 100,000,003 | 150,529 | 203,698,676 | |
The Notes 1 to 68 form an integral part of these Financial Statements.