71 / 140
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