119 / 148
117
(
`
cr)
NOTE 3 RESERVES AND SURPLUS
As at
March 31, 2014
As at
March 31, 2013
(a) Capital reserve:
Balance as at the beginning of the year
6.68
6.68
Add: Addition on acquisition
0.57
–
Less:Transferred to the General reserve*
1.95
–
Balance as at the end of the year
5.30
6.68
(b) Securities premium account
36.27
36.27
(c) Central and state subsidy reserve
8.92
6.63
Add: Received during the year
2.57
2.29
Balance as at the end of the year
11.49
8.92
(d) Revaluation reserve:
Balance as at the beginning of the year
111.62
114.27
Less: Transferred to the Consolidated Statement of Profit and Loss
2.65
2.65
Balance as at the end of the year
108.97
111.62
(e) Hedging reserve (see Note 27.4):
Balance as at the beginning of the year
0.74
(0.78)
Add: Transferred to the Consolidated Statement of Profit and Loss
(0.74)
0.78
Less: Effect of foreign exchange rate variation on hedging instruments
outstanding at the end of the year
(1.54)
(0.74)
Balance as at the end of the year
1.54
0.74
(f) General reserve:
Balance as at the beginning of the year
76.62
63.00
Add: Reversal of provision for diminution of investment in associate
–
0.07
Add: Transferred from Capital reserve*
1.95
–
Add: Transferred from the Consolidated Statement of Profit and Loss
21.28
13.55
Balance as at the end of the year
99.85
76.62
(g) Surplus in the Consolidated Statement of Profit and Loss:
Balance as at the beginning of the year
483.71
398.31
Add: Profit for the year
219.19
119.77
Amount available for appropriation
702.90
518.08
Less : Appropriations
General reserve
21.28
13.55
Proposed dividend on Equity Shares for the year
{at
`
7.50 per share (March 31, 2013
`
6.00 per share)}
22.25
17.80
Dividend distribution tax on proposed dividend
3.85
3.02
Balance as at the end of the year
655.52
483.71
918.94
724.56
* The fair value of the assets received free of cost in the past, was credited to ‘Capital reserve’. An amount
equivalent to the depreciation of the respective assets charged to the Consolidated Statement of Profit and
Loss and the written down value of assets discarded as at March 31, 2014 have been transferred to the General
reserve.
Notes
to the Consolidated Financial Statements