Atul Ltd 2011-12

69 ( ` cr) NOTE 3 RESERVES AND SURPLUS As at March 31, 2012 As at March 31, 2011 (a) Capital reserve 6.68 6.68 (b) Securities premium account 34.66 34.66 (c) Revaluation reserve: Balance as at the beginning of the year 108.58 110.64 Less: Transferred to Statement of Profit and Loss 2.06 2.06 Balance as at the end of the year 106.52 108.58 (d) Hedging reserve {see Note 27.10 (c)}: Balance as at the beginning of the year (5.09) (15.03) Add: Transferred to Statement of Profit and Loss 5.09 15.03 Less: Effect of foreign exchange rate variation on hedging instruments outstanding at the end of the year 0.78 5.09 Balance as at the end of the year (0.78) (5.09) (e) General reserve: Balance as at the beginning of the year 59.06 53.27 Add: Transferred from unclaimed amount of fractional coupons of bonus shares - 0.11 Add: Transferred from Statement of Profit and Loss 8.81 5.68 Balance as at the end of the year 67.87 59.06 (f) Surplus in Statement of Profit and Loss: Balance as at the beginning of the year 333.52 264.72 Add: Profit for the year 88.11 90.00 Amount available for appropriation 421.63 354.72 Less: Appropriations General reserve 8.81 5.68 Proposed dividend on Equity Shares for the year {at ` 4.50 per share (March 31, 2011 ` 4.50 per share)} 13.35 13.35 Dividend distribution tax on proposed dividend 2.17 2.17 Balance as at the end of the year 397.30 333.52 612.25 537.41 Notes to financial statements