Statement of Changes in Equity – Group
| Statutory Reserves | Other Reserves | ||||||||||||
| Stated Capital |
Statutory Reserve Fund |
Primary Dealer Special Risk Reserve |
Retained Earnings |
Revaluation Reserve |
Available- for-Sale Reserve |
Foreign Currency Translation Reserve |
Investment Fund Account |
General Reserve |
Employee Share Option Reserve |
Shareholders’ Funds |
Non- Controlling Interest |
Total Equity |
|
| Rs. ’000 | Rs. ’000 | Rs. ’000 | Rs. ’000 | Rs. ’000 | Rs. ’000 | Rs. ’000 | Rs. ’000 | Rs. ’000 | Rs. ’000 | Rs. ’000 | Rs. ’000 | Rs. ’000 | |
| Balance as at January 01, 2014 | 19,586,813 | 3,768,094 | 266,520 | 4,359,632 | 4,615,947 | 2,023,468 | (393,758) | 4,838,693 | 22,380,819 | – | 61,446,228 | 38,778 | 61,485,006 |
| Total comprehensive income for the year 2014 | |||||||||||||
| Profit for the year | – | – | – | 11,238,892 | – | – | – | – | – | – | 11,238,892 | 3,901 | 11,242,793 |
| Other comprehensive income, net of tax | – | – | – | (54,422) | 1,631,013 | 681,002 | (60,430) | – | – | – | 2,197,163 | 7,501 | 2,204,664 |
| Net actuarial gains/(losses) on defined benefit plans | – | – | – | (60,824) | – | – | – | – | – | – | (60,824) | (4) | (60,828) |
| Share of other comprehensive income of associates, net of tax | – | – | – | 6,402 | – | – | – | – | – | – | 6,402 | 6,402 | |
| Net change in revaluation surplus | – | – | – | – | 1,631,013 | – | – | – | – | – | 1,631,013 | 7,505 | 1,638,518 |
| Net fair value gains/(losses) on re-measuring financial investments – available-for-sale | – | – | – | – | – | 681,002 | – | – | – | – | 681,002 | – | 681,002 |
| Net gains/(losses) arising from translating the financial statements of foreign operations | – | – | – | – | – | – | (60,430) | – | – | – | (60,430) | – | (60,430) |
| Total comprehensive income for the year 2014 | – | – | – | 11,184,470 | 1,631,013 | 681,002 | (60,430) | – | – | – | 13,436,055 | 11,402 | 13,447,457 |
| Transactions with owners recognised directly in equity, contributions and distributions to owners | |||||||||||||
| Issue of ordinary shares under Employee Share Option Plan [Refer Note 51] | 340,763 | – | – | – | – | – | – | – | – | – | 340,763 | – | 340,763 |
| Dividends to equity holders | 1,529,925 | – | – | (5,547,136) | – | – | – | – | – | – | (4,017,211) | (2,616) | (4,019,827) |
| Second interim dividend for 2013 [Refer Note 23] | – | – | – | (849,148) | – | – | – | – | – | – | (849,148) | – | (849,148) |
| Final cash dividend for 2013 | – | – | – | (1,699,917) | – | – | – | – | – | – | (1,699,917) | – | (1,699,917) |
| Final dividend for 2013 satisfied in the form of issue and allotment of new shares [Refer Note 51] | 1,529,925 | – | – | (1,699,917) | – | – | – | – | – | – | (169,992) | (1,308) | (171,300) |
| First interim dividend for 2014 [Refer Note 23] | – | – | – | (1,298,154) | – | – | – | – | – | – | (1,298,154) | (1,308) | (1,299,462) |
| Deferred tax effect on pre-acquisition reserves | – | – | – | – | – | – | – | – | – | – | – | – | – |
| Re-classification of retained earnings to available-for-sale reserve | – | – | – | (31,099) | – | 31,099 | – | – | – | – | – | – | – |
| Transfers during the year [Refer Notes 53 and 55] | – | 559,009 | – | (5,547,455) | – | – | – | 388,446 | 4,600,000 | – | – | – | – |
| Transfers to general reserve [Refer Notes 53 and 55] | – | – | (266,520) | – | – | – | – | (5,227,139) | 5,493,659 | – | – | – | – |
| Total transactions with equity holders | 1,870,688 | 559,009 | (266,520) | (11,125,690) | – | 31,099 | – | (4,838,693) | 10,093,659 | – | (3,676,448) | (2,616) | (3,679,064) |
| Balance as at January 01, 2015 | 21,457,501 | 4,327,103 | – | 4,418,412 | 6,246,960 | 2,735,569 | (454,188) | – | 32,474,478 | – | 71,205,835 | 47,564 | 71,253,399 |
| Super Gain Tax for the year of assessment 2013/14 [Refer Note 54] | – | – | – | (2,608,469) | – | – | – | – | – | – | (2,608,469) | (1,503) | (2,609,972) |
| Balance as at January 01, 2015 – Adjusted | 21,457,501 | 4,327,103 | – | 1,809,943 | 6,246,960 | 2,735,569 | (454,188) | – | 32,474,478 | – | 68,597,366 | 46,061 | 68,643,427 |
| Total comprehensive income for the year 2015 | |||||||||||||
| Profit for the year | – | – | – | 11,855,172 | – | – | – | – | – | – | 11,855,172 | 4,088 | 11,859,260 |
| Other comprehensive income, net of tax | – | – | – | (71,330) | – | (6,690,945) | 886,677 | – | – | – | (5,875,598) | 369 | (5,875,229) |
| Net actuarial gains/(losses) on defined benefit plans | – | – | – | (62,641) | – | – | – | – | – | – | (62,641) | 369 | (62,272) |
| Share of other comprehensive income of associates, net of tax | – | – | – | (8,689) | – | – | – | – | – | – | (8,689) | – | (8,689) |
| Net fair value gains/(losses) on re-measuring financial investments available-for-sale | – | – | – | – | – | (6,690,945) | – | – | – | – | (6,690,945) | – | (6,690,945) |
| Net gains/(losses) arising from translating the Financial Statements of foreign operations | – | – | – | – | – | – | 886,677 | – | – | – | 886,677 | – | 886,677 |
| Total comprehensive income for the year 2015 | – | – | – | 11,783,842 | – | (6,690,945) | 886,677 | – | – | – | 5,979,574 | 4,457 | 5,984,031 |
| Transactions with owners, recognised directly in equity, contributions and distributions to owners | |||||||||||||
| Issue of ordinary shares under Employee Share Option Plan [Refer Note 51] | 237,304 | – | – | – | – | – | – | – | – | – | 237,304 | – | 237,304 |
| Dividends to equity holders | 1,559,800 | – | – | (5,647,414) | – | – | – | – | – | – | (4,087,614) | (3,270) | (4,090,884) |
| Second interim dividend for 2014 [Refer Note 23] | – | – | – | (865,943) | – | – | – | – | – | – | (865,943) | – | (865,943) |
| Final cash dividend for 2014 | – | – | – | (1,733,110) | – | – | – | – | – | – | (1,733,110) | (1,962) | (1,735,072) |
| Final dividend for 2014 satisfied in the form of issue and allotment of new shares [Refer Note 51] | 1,559,800 | – | – | (1,733,110) | – | – | – | – | – | – | (173,310) | – | (173,310) |
| First interim dividend for 2015 [Refer Note 23] | – | – | – | (1,315,251) | – | – | – | – | – | – | (1,315,251) | (1,308) | (1,316,559) |
| Share-based payment transactions [Refer Note 55.6] | – | – | – | – | – | – | – | – | – | 223,330 | 223,330 | – | 223,330 |
| Re-statement of deferred tax on revaluation gains | – | – | – | – | 13,710 | – | – | – | – | – | 13,710 | 585 | 14,295 |
| Profit due to change in ownership | – | – | – | 2,344 | – | – | – | – | – | – | 2,344 | – | 2,344 |
| Movement due to change in ownership | – | – | – | (644) | (1,731) | – | – | – | – | – | (2,375) | 2,375 | – |
| Transfers during the year [Refer Notes 53 and 55] | – | 595,264 | – | (3,480,264) | – | – | – | – | 2,885,000 | – | – | – | – |
| Total transactions with equity holders | 1,797,104 | 595,264 | – | (9,125,978) | 11,979 | – | – | – | 2,885,000 | 223,330 | (3,613,301) | (310) | (3,613,611) |
| Balance as at December 31, 2015 | 23,254,605 | 4,922,367 | – | 4,467,807 | 6,258,939 | (3,955,376) | 432,489 | – | 35,359,478 | 223,330 | 70,963,639 | 50,208 | 71,013,847 |
The Notes appearing on pages 249 to 404 form an integral part of these Financial Statements.
Statement of Changes in Equity – Bank
| Statutory Reserves | Other Reserves | ||||||||||||
| Stated Capital |
Statutory Reserve Fund |
Primary Dealer Special Risk Reserve |
Retained Earnings |
Revaluation Reserve |
Available - for-Sale Reserve |
Foreign Currency Translation Reserve |
Investment Fund Account |
General Reserve |
Employee Share Option Reserve |
Shareholders’ Funds |
Non- Controlling Interest |
Total Equity |
|
| Rs. ’000 | Rs. ’000 | Rs. ’000 | Rs. ’000 | Rs. ’000 | Rs. ’000 | Rs. ’000 | Rs. ’000 | Rs. ’000 | Rs. ’000 | Rs. ’000 | Rs. ’000 | Rs. ’000 | |
| Balance as at January 01, 2014 | 19,586,813 | 3,768,094 | 266,520 | 4,233,364 | 4,222,054 | 2,054,567 | (406,925) | 4,838,693 | 22,380,819 | – | 60,943,999 | – | 60,943,999 |
| Total comprehensive income for the year 2014 | |||||||||||||
| Profit for the year | – | – | – | 11,180,181 | – | – | – | – | – | – | 11,180,181 | – | 11,180,181 |
| Other comprehensive income, net of tax | – | – | – | (60,667) | 1,500,805 | 681,011 | (57,151) | – | – | – | 2,063,998 | – | 2,063,998 |
| Net actuarial gains/(losses) on defined benefit plans | – | – | – | (60,667) | – | – | – | – | – | – | (60,667) | – | (60,667) |
| Net change in revaluation surplus | – | – | – | – | 1,500,805 | – | – | – | – | – | 1,500,805 | – | 1,500,805 |
| Net fair value gains/(losses) on re-measuring financial investments – available-for-sale | – | – | – | – | – | 681,011 | – | – | – | – | 681,011 | – | 681,011 |
| Net gains/(losses) arising from translating the financial statements of the foreign operation | – | – | – | – | – | – | (57,151) | – | – | – | (57,151) | – | (57,151) |
| Total comprehensive income for the year 2014 | – | – | – | 11,119,514 | 1,500,805 | 681,011 | (57,151) | – | – | – | 13,244,179 | – | 13,244,179 |
| Transactions with owners, recognised directly in equity, contributions and distributions to owners | |||||||||||||
| Issue of ordinary shares under Employee Share Option Plan [Refer Note 51] | 340,763 | – | – | – | – | – | – | – | – | – | 340,763 | – | 340,763 |
| Dividends to equity holders | 1,529,925 | (5,547,136) | – | – | – | – | – | – | (4,017,211) | – | (4,017,211) | ||
| Second interim dividend for 2013 [Refer Note 23] | – | – | – | (849,148) | – | – | – | – | – | – | (849,148) | – | (849,148) |
| Final cash dividend for 2013 | – | – | – | (1,699,917) | – | – | – | – | – | – | (1,699,917) | – | (1,699,917) |
| Final dividend for 2013 satisfied in the form of issue and allotment of new shares [Refer Note 51] | 1,529,925 | – | – | (1,699,917) | – | – | – | – | – | – | (169,992) | – | (169,992) |
| First interim dividend for 2014 [Refer Note 23] | – | – | – | (1,298,154) | – | – | – | – | – | – | (1,298,154) | – | (1,298,154) |
| Transfers during the year [Refer Notes 53 and 55] | – | 559,009 | – | (5,547,455) | – | 388,446 | 4,600,000 | – | – | – | – | ||
| Transfers to general reserve [Refer Note 53 and 55] | – | – | (266,520) | – | – | – | (5,227,139) | 5,493,659 | – | – | – | – | |
| Total transactions with equity holders | 1,870,688 | 559,009 | (266,520) | (11,094,591) | – | – | – | (4,838,693) | 10,093,659 | – | (3,676,448) | – | (3,676,448) |
| Balance as at January 01, 2015 | 21,457,501 | 4,327,103 | – | 4,258,287 | 5,722,859 | 2,735,578 | (464,076) | – | 32,474,478 | – | 70,511,730 | – | 70,511,730 |
| Super Gain Tax for the year of assessment 2013/14 [Refer Note 54] | (2,576,355) | (2,576,355) | – | (2,576,355) | |||||||||
| Balance as at January 01, 2015 – Adjusted | 21,457,501 | 4,327,103 | – | 1,681,932 | 5,722,859 | 2,735,578 | (464,076) | – | 32,474,478 | – | 67,935,375 | – | 67,935,375 |
| Total comprehensive income for the year 2015 | |||||||||||||
| Profit for the year | – | – | – | 11,903,224 | – | – | – | – | – | – | 11,903,224 | – | 11,903,224 |
| Other comprehensive income, net of tax | – | – | – | (68,714) | – | (6,690,945) | 888,844 | – | – | – | (5,870,815) | – | (5,870,815) |
| Net actuarial gains/(losses) on defined benefit plans | – | – | – | (68,714) | – | – | – | – | – | – | (68,714) | – | (68,714) |
| Net fair value gains/(losses) on re-measuring financial investments – available-for-sale | – | – | – | – | – | (6,690,945) | – | – | – | – | (6,690,945) | – | (6,690,945) |
| Net gains/(losses) arising from translating the financial statements of the foreign operation | – | – | – | – | – | – | 888,844 | – | – | – | 888,844 | – | 888,844 |
| Total comprehensive income for the year 2015 | – | – | – | 11,834,510 | – | (6,690,945) | 888,844 | – | – | – | 6,032,409 | – | 6,032,409 |
| Transactions with owners, recognised directly in equity, contributions and distributions to owners | |||||||||||||
| Issue of ordinary shares under Employee Share Option Plan [Refer Note 51] | 237,304 | – | – | – | – | – | – | – | – | – | 237,304 | – | 237,304 |
| Dividends to equity holders | 1,559,800 | (5,647,414) | (4,087,614) | – | (4,087,614) | ||||||||
| Second interim dividend for 2014 [Refer Note 23] | – | – | – | (865,943) | – | – | – | – | – | – | (865,943) | – | (865,943) |
| Final cash dividend for 2014 | – | – | – | (1,733,110) | – | – | – | – | – | – | (1,733,110) | – | (1,733,110) |
| Final dividend for 2014 satisfied in the form of issue and allotment of new shares [Refer Note 51] | 1,559,800 | – | – | (1,733,110) | – | – | – | – | – | – | (173,310) | – | (173,310) |
| First interim dividend for 2015 [Refer Note 23] | – | – | – | (1,315,251) | – | – | – | – | – | – | (1,315,251) | – | (1,315,251) |
| Share-based payment transactions [Refer Note 55.6] | – | – | – | – | – | – | – | – | – | 223,330 | 223,330 | – | 223,330 |
| Transfers during the year [Refer Notes 53 and 55] | – | 595,161 | – | (3,480,161) | – | – | – | – | 2,885,000 | – | – | – | – |
| Total transactions with equity holders | 1,797,104 | 595,161 | – | (9,127,575) | – | – | – | – | 2,885,000 | 223,330 | (3,626,980) | – | (3,626,980) |
| Balance as at December 31, 2015 | 23,254,605 | 4,922,264 | – | 4,388,867 | 5,722,859 | (3,955,367) | 424,768 | – | 35,359,478 | 223,330 | 70,340,804 | – | 70,340,804 |
The Notes form an integral part of these Financial Statements.