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Atul Ltd | Annual Report 2015-16
(
`
cr)
Note 3 Reserves and surplus
As at
March 31, 2016
As at
March 31, 2015
a) Capital reserve:
Balance as at the beginning of the year
5.09
5.30
Add: Addition on acquisition
0.07
–
Less: Transferred to the General reserve
*
0.22
0.21
Balance as at the end of the year
4.94
5.09
b) Securities premium account
36.27
36.27
c) Central and State Subsidy reserve:
11.49
11.49
Add: Received during the year
0.07
–
Less: Transferred to General reserve
3.97
–
Balance as at the end of the year
7.59
11.49
d) Revaluation reserve:
Balance as at the beginning of the year
–
108.97
Less: Reversed during the year
–
108.97
Balance as at the end of the year
–
–
e) Hedging reserve (refer Note 28.2):
Balance as at the beginning of the year
0.11
1.54
Add: Transferred to the Consolidated Statement of Profit and Loss
0.29
(1.54)
Less: Effect of foreign exchange rate variation on hedging instruments
outstanding at the end of the year
1.10
(0.11)
Balance as at the end of the year
(0.70)
0.11
f) General reserve:
Balance as at the beginning of the year
91.00
99.85
Add: Transferred from Capital reserve
*
4.19
0.21
Less: Carrying amount of the assets (where the remaining useful life
of assets is Nil) after retaining the residual value (net of deferred
tax
`
4.80 cr)
–
9.06
Balance as at the end of the year
95.19
91.00
g) Surplus in the Consolidated Statement of Profit and Loss:
Balance as at the beginning of the year
865.35
655.52
Add: Profit for the year
269.32
240.65
Less: Proposed dividend on Equity shares for the year {at
`
10.00 per
share (March 31, 2015
`
8.50 per share)}
29.66
25.21
Dividend distribution tax on proposed dividend
6.82
5.61
Add: Excess provision of dividend distribution tax written back
3.56
–
Balance as at the end of the year
1,101.75
865.35
1,245.04
1,009.31
*
The fair value of the assets received free of cost in the past, was credited to ‘Capital reserve’; it represents amount equivalent
to the depreciation of the respective assets charged to the Consolidated Statement of Profit and Loss.
Notes
to the Consolidated Financial Statements