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Atul Ltd | Annual Report 2014-15
(
`
cr)
NOTE 3 RESERVES AND SURPLUS
As at
March 31, 2015
As at
March 31, 2014
a) Capital reserve:
Balance as at the beginning of the year
4.73
6.68
Less: Transferred to the General reserve
*
0.21
1.95
Balance as at the end of the year
4.52
4.73
b) Securities premium account
34.66
34.66
c) Revaluation reserve:
Balance as at the beginning of the year
102.40
104.46
Less: Transferred to the Statement of Profit and Loss
–
2.06
Less: Reversed in current year {refer Note 12(b)}
102.40
–
Balance as at the end of the year
–
102.40
d) Hedging reserve {refer Note 28.9 (c)}:
Balance as at the beginning of the year
1.54
0.74
Add: Transferred to the Statement of Profit and Loss
(1.54)
(0.74)
Less: Effect of foreign exchange rate variation on hedging
instruments outstanding at the end of the year
(0.11)
(1.54)
Balance as at the end of the year
0.11
1.54
e) General reserve:
Balance as at the beginning of the year
104.65
81.42
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) {refer Note 12(c)}
9.06
–
Add: Transferred from Capital reserve
*
0.21
1.95
Add: Transferred from the Statement of Profit and Loss
–
21.28
Balance as at the end of the year
95.80
104.65
f) Surplus in the Statement of Profit and Loss:
Balance as at the beginning of the year
663.93
498.45
Add: Profit for the year
217.42
212.79
Amount available for appropriation
881.35
711.24
Less: Appropriations
General reserve
–
21.28
Proposed dividend on Equity shares for the year
{at
`
8.50 per share (March 31, 2014
`
7.50 per share)}
25.21
22.25
Dividend distribution tax on proposed dividend
5.13
3.78
Balance as at the end of the year
851.01
663.93
986.10
911.91
*
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 Statement of Profit and Loss.
Notes
to the Financial Statements