79 / 148
77
(
`
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
Less: Transferred to the General reserve*
1.95
–
Balance as at the end of the year
4.73
6.68
(b) Securities premium account
34.66
34.66
(c) Revaluation reserve:
Balance as at the beginning of the year
104.46
106.52
Less: Transferred to the Statement of Profit and Loss
2.06
2.06
Balance as at the end of the year
102.40
104.46
(d) Hedging reserve {see Note 27.9 (c)}:
Balance as at the beginning of the year
0.74
(0.78)
Add: Transferred to the 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
(e) General reserve:
Balance as at the beginning of the year
81.42
67.87
Add: Transferred from Capital reserve*
1.95
–
Add: Transferred from the Statement of Profit and Loss
21.28
13.55
Balance as at the end of the year
104.65
81.42
(f) Surplus in the Statement of Profit and Loss:
Balance as at the beginning of the year
498.45
397.30
Add: Profit for the year
212.79
135.52
Amount available for appropriation
711.24
532.82
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
3.78
3.02
Balance as at the end of the year
663.93
498.45
911.91
726.41
* 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 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 Financial Statements