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.