People’s Leasing & Finance PLC

Annual Report 2019/20

Statement of Changes in Equity

Company Other reserves
Capital


Rs. ’000
Statutory
reserve
fund
Rs. ’000
General
reserve

Rs. ’000
Tax
equalisation
reserve
Rs. ’000
Revaluation
reserve

Rs. ’000
Available-for-
sale reserve

Rs. ’000
Fair value
reserve

Rs. ’000
Retained
earnings

Rs. ’000
Total
equity

Rs. ’000
Balance as at 1 April 2018 13,236,073 1,837,413 300,000 100,000 7,302 46,869 11,502,165 27,029,822
Recognition of SLFRS 9 expected credit loss including those measured at amortised cost (1,006,640) (1,006,640)
Deferred tax on transitional adjustment 250,729 250,729
Transfer of AFS reserve to fair value reserve (46,869) 46,869
Restated balance as at 1 April 2018 13,236,073 1,837,413 300,000 100,000 7,302 46,869 10,746,254 26,273,911
Total comprehensive income for the year
Profit/(loss) for the year 4,416,121 4,416,121
Other comprehensive income (net of tax) (7,302) (99,611) (4,937) (111,850)
Total comprehensive income for the year (7,302) (99,611) 4,411,184 4,304,271
Transactions with equity holders, recognised directly in equity
Transfers to reserves 220,806 (300,000) (100,000) 179,194
Dividend paid – Interim (1,184,896) (1,184,896)
– Final (789,931) (789,931)
Total transactions with equity holders 220,806 (300,000) (100,000) (1,795,633) (1,974,827)
Balance as at 31 March 2019 13,236,073 2,058,219 (52,742) 13,361,805 28,603,355
Balance as at 1 April 2019 13,236,073 2,058,219 (52,742) 13,361,805 28,603,355
Total comprehensive income for the year
Profit/(loss) for the year 2,942,508 2,942,508
Other comprehensive income (net of tax) (49,372) 123 (49,249)
Total comprehensive income for the year (49,372) 2,942,631 2,893,259
Transactions with equity holders, recognised directly in equity
Transfers to reserves 147,125 (147,125)
Dividend paid – Interim (1,139,392) (1,139,392)
– Final 679,341 (789,931) (110,590)
Total transactions with equity holders 679,341 147,125 (2,076,448) (1,249,982)
Balance as at 31 March 2020 13,915,414 2,205,344 (102,114) 14,227,988 30,246,632

The Notes appearing on pages 155 to 288 form an integral part of the Financial Statements.

Group Other reserves
Capital



Rs. ’000
Statutory
reserve
fund

Rs. ’000
General
reserve


Rs. ’000
Tax
equalisation
reserve

Rs. ’000
Available-
for-sale
reserve

Rs. ’000
Fair value
reserve


Rs. ’000
Foreign
currency
translation
reserve
Rs. ’000
Retained
earnings


Rs. ’000
Total



Rs. ’000
Non-
controlling
interest

Rs. ’000
Total
equity


Rs. ’000
Balance as at 1 April 2018 13,236,073 1,837,413 300,000 100,000 45,585 2,828 13,167,172 28,689,071 2,165,070 30,854,141
Recognition of SLFRS 9 expected credit loss including those measured at amortised cost (1,066,686) (1,066,686) (1,066,686)
Deferred tax on transitional adjustment 266,494 266,494 266,494
Transfer of AFS reserve to fair value reserve (45,585) 45,585
Restated balance as at 1 April 2018 13,236,073 1,837,413 300,000 100,000 45,585 2,828 12,366,980 27,888,879 2,165,070 30,053,949
Capital gains tax (167,949) (167,949) (167,949)
Balance after capital gains tax 13,236,073 1,837,413 300,000 100,000 45,585 2,828 12,199,031 27,720,930 2,165,070 29,886,000
Total comprehensive income for the year
Profit/(loss) for the year 4,813,578 4,813,578 197,690 5,011,268
Other comprehensive income (net of tax) (100,290) 259,151 (6,104) 152,757 (740) 152,017
Total comprehensive income for the year (100,290) 259,151 4,807,474 4,966,335 196,950 5,163,285
Transactions with equity holders, recognised directly in equity
Transfers to reserves 233,254 (300,000) (100,000) 166,746
Dividend paid
– Interim
(1,168,949) (1,168,949) (92,500) (1,261,449)
– Final (805,878) (805,878) (805,878)
Total transactions with equity holders 233,254 (300,000) (100,000) (1,808,081) (1,974,827) (92,500) (2,067,327)
Balance as at 31 March 2019 13,236,073 2,070,667 (54,705) 261,979 15,198,424 30,712,438 2,269,520 32,981,958
Balance as at 1 April 2019 13,236,073 2,070,667 (54,705) 261,979 15,198,424 30,712,438 2,269,520 32,981,958
Capital gains tax 14 14 14
Balance after capital gains tax 13,236,073 2,070,667 (54,705) 261,979 15,198,438 30,712,452 2,269,520 32,981,972
Total comprehensive income for the year
Profit/(loss) for the year 3,408,670 3,408,670 183,079 3,591,749
Other comprehensive income (net of tax) (61,300) 139,129 4,449 82,278 (3,315) 78,963
Total comprehensive income for the year (61,300) 139,129 3,413,119 3,490,948 179,764 3,670,712
Transactions with equity holders, recognised directly in equity
Transfers to reserves 164,410 (164,410)
Dividend paid
– Interim
(1,139,392) (1,139,392) (92,500) (1,231,892)
– Final 679,341 (789,931) (110,590) (110,590)
Total transactions with equity holders 679,341 164,410 (2,093,733) (1,249,982) (92,500) (1,342,482)
Balance as at 31 March 2020 13,915,414 2,235,077 (116,005) 401,108 16,517,824 32,953,418 2,356,784 35,310,202

The Notes appearing on pages 155 to 288 form an integral part of the Financial Statements.

 

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