Atul Ltd 2017-18

119 c) Details of Shareholders holding more than 5% of equity shares: No. Name of the Shareholder As at March 31, 2018 As at March 31, 2017 Holding % Number of Shares Holding % Number of Shares 1 Aagam Holdings Pvt Ltd 22.41% 66,50,000 22.41% 66,50,000 2 Aeon Investments Pvt Ltd 6.94% 20,60,817 6.79% 20,14,383 ( ` cr) Note 14 Other equity As at March 31, 2018 As at March 31, 2017 a) Securities premium reserve 34.66 34.66 b) General reserve 95.80 95.80 c) Retained earnings Balance as at the beginning of the year 1,397.04 1,145.10 Add: Profit for the year 270.41 285.30 Add: Remeasurement gain | (loss) on defined benefit plans 1.78 1.62 Add: Transfer from OCI on disposal of FVOCI equity instruments 1.54 0.73 Less: Dividend on equity shares for the year {2016-17: ` 10 per share, (2015-16: ` 10 per share)} (29.66) (29.66) Less: Dividend distribution tax on dividend (3.63) (6.05) Balance as at the end of the year 1,637.48 1,397.04 d) Other reserves i) FVOCI equity instruments Balance as at the beginning of the year 364.11 287.50 Add: Equity instruments through Other Comprehensive Income (FVOCI) 37.32 77.34 Less: Transfer to retained earnings on disposal of FVOCI equity instruments (1.54) (0.73) Balance as at the end of the year 399.89 364.11 ii) Effective portion of cash flow hedges Balance as at the beginning of the year (0.47) (0.59) Add: Effective portion of gain | (loss) on cash flow hedges 0.05 (0.72) Add: Deferred tax liability (0.02) 0.25 Less: Hedging gain | (loss) reclassified to Statement of Profit and Loss 0.47 0.59 Balance as at the end of the year 0.03 (0.47) 2,167.86 1,891.14 Nature and purpose of other reserves a) Securities premium reserve Securities premium is used to record the premium on issue of shares. The reserve is utilised in accordance with the provisions of the Companies Act, 2013. b) FVOCI - equity instruments The Company has elected to recognise changes in the fair value of certain investments in equity securities in Other Comprehensive Income. These changes are accumulated within the FVOCI equity instruments reserve within equity. The Company transfers amounts from this reserve to retained earnings when the relevant equity securities are de-recognised. c) Cash flow hedging reserve The Company uses hedging instruments as part of its management of foreign currency risk associated with its highly probable forecast sale and inventory purchases and interest rate risk associated with variable interest rate borrowings. For hedging foreign currency risk, the Company uses foreign currency forward contracts, foreign currency option contracts and Interest rate swaps. They are designated as cash flow hedges to the extent these hedges are effective, the change in fair value of the hedging instrument is recognised in the cash flow hedging reserve. Amounts recognised in the cash flow hedging reserve is reclassified to profit or loss when the hedged item affects profit or loss (for example, sales and interest payments). When the forecast transaction results in the recognition of a non-financial asset (for example, inventory), the amount recognised in the cash flow hedging reserve is adjusted against the carrying amount of the non-financial asset. Notes to the Financial Statements