Statement of Changes in Equity – Group
| Other Reserves | |||||||||||
| Stated Capital |
Statutory Reserve Fund |
Retained Earnings |
Revaluation Reserve |
Available- for-Sale Reserve |
Foreign Currency Translation Reserve |
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 | |
| 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 2013/2014 | (2,608,469) | – | – | – | – | – | (2,608,469) | (1,503) | (2,609,972) | ||
| Balance as at January 01, 2015 – Adjusted [Refer Note 56] | 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 remeasuring 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 53] | 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 24] | – | – | (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 53] | 1,559,800 | – | (1,733,110) | – | – | – | – | – | (173,310) | – | (173,310) |
| First interim dividend for 2015 [Refer Note 24] | – | – | (1,315,251) | – | – | – | – | – | (1,315,251) | (1,308) | (1,316,559) |
| Share-based payment transactions [Refer Note 57.5] | – | – | – | – | – | – | – | 223,330 | 223,330 | – | 223,330 |
| Restatement 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 55 and 57] | – | 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 January 01, 2016 | 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 |
| Total comprehensive income for the year 2016 | |||||||||||
| Profit for the year | – | – | 14,510,333 | – | – | – | – | – | 14,510,333 | (43,909) | 14,466,424 |
| Other comprehensive income, net of tax | – | – | 144,591 | – | (3,253,429) | 428,013 | – | – | (2,680,825) | 10,594 | (2,670,231) |
| Net actuarial gains/(losses) on defined benefit plans | – | – | 140,784 | – | – | – | – | – | 140,784 | 42 | 140,826 |
| Share of other comprehensive income of associates, net of tax | – | – | 3,807 | – | – | – | – | – | 3,807 | – | 3,807 |
| Net fair value gains/(losses) on remeasuring financial investments – Available-for-sale | – | – | – | – | (3,253,429) | – | – | – | (3,253,429) | – | (3,253,429) |
| Net gains/(losses) arising from translating the Financial Statements of foreign operations | – | – | – | – | – | 428,013 | – | – | 428,013 | 10,552 | 438,565 |
| Total comprehensive income for the year 2016 | – | – | 14,654,924 | – | (3,253,429) | 428,013 | – | – | 11,829,508 | (33,315) | 11,796,193 |
| Transactions with owners, recognised directly in equity, contributions and distributions to owners | |||||||||||
| Issue of ordinary shares under Employee Share Option Plans [Refer Note 53] | 144,804 | – | – | – | – | – | – | 144,804 | – | 144,804 | |
| Dividends to equity holders | 1,578,594 | – | (5,720,913) | – | – | – | – | – | (4,142,319) | (3,432) | (4,145,751) |
| Final cash dividend for 2015 | – | – | (2,630,991) | – | – | – | – | – | (2,630,991) | (2,059) | (2,633,050) |
| Final dividend for 2015 satisfied in the form of issue and allotment of new shares [Refer Note 53] | 1,578,594 | – | (1,753,994) | – | – | – | – | – | (175,400) | – | (175,400) |
| First interim dividend for 2016 [Refer Note 24] | – | – | (1,335,928) | – | – | – | – | – | (1,335,928) | (1,373) | (1,337,301) |
| Share-based payment transactions (net) [Refer Note 57.5] | – | – | – | – | – | – | – | 196,952 | 196,952 | – | 196,952 |
| Write back of dividend payable | – | – | 624 | – | – | – | – | – | 624 | 38 | 662 |
| Derecognition of revaluation reserve to the retained earnings | – | – | 5,628 | (5,628) | – | – | – | – | – | – | – |
| Profit due to change in ownership | – | – | 3,047 | – | – | – | – | – | 3,047 | – | 3,047 |
| Movement due to change in ownership | – | – | (1,188) | (2,757) | – | – | – | – | (3,945) | 3,945 | – |
| Incorporation of a subsidiary with non-controlling interest | – | – | – | – | – | – | – | – | – | 805,669 | 805,669 |
| Transfers during the year [Refer Notes 55 and 57] | – | 725,626 | (8,856,151) | – | – | – | 8,130,525 | – | – | – | – |
| Total transactions with equity holders | 1,723,398 | 725,626 | (14,568,953) | (8,385) | – | – | 8,130,525 | 196,952 | (3,800,837) | 806,220 | (2,994,617) |
| Balance as at December 31, 2016 | 24,978,003 | 5,647,993 | 4,553,778 | 6,250,554 | (7,208,805) | 860,502 | 43,490,003 | 420,282 | 78,992,310 | 823,113 | 79,815,423 |
The Notes appearing on this Annual Report form an integral part of these Financial Statements.
Statement of Changes in Equity – Bank
| Other Reserves | |||||||||||
| Stated Capital |
Statutory Reserve Fund |
Retained Earnings |
Revaluation Reserve |
Available- for-Sale Reserve |
Foreign Currency Translation Reserve |
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 | |
| 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 2013/2014 | – | – | (2,576,355) | – | – | – | – | – | (2,576,355) | – | (2,576,355) |
| Balance as at January 01, 2015 – Adjusted [Refer Note 56] | 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 remeasuring 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 53] | 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 24] | – | – | (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 53] | 1,559,800 | – | (1,733,110) | – | – | – | – | – | (173,310) | – | (173,310) |
| First interim dividend for 2015 [Refer Note 24] | – | – | (1,315,251) | – | – | – | – | – | (1,315,251) | – | (1,315,251) |
| Share-based Payment transactions [Refer Note 57.5] | – | – | – | – | – | – | – | 223,330 | 223,330 | – | 223,330 |
| Transfers during the year [Refer Notes 55 and 57] | – | 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 January 01, 2016 | 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 |
| Total comprehensive income for the year 2016 | |||||||||||
| Profit for the year | – | – | 14,512,511 | – | – | – | – | – | 14,512,511 | – | 14,512,511 |
| Other comprehensive income, net of tax | – | – | 139,763 | – | (3,253,429) | 414,578 | – | – | (2,699,088) | – | (2,699,088) |
| Net actuarial gains/(losses) on defined benefit plans | – | – | 139,763 | – | – | – | – | – | 139,763 | – | 139,763 |
| Net fair value gains/(losses) on remeasuring financial investments – Available-for-sale | – | – | – | – | (3,253,429) | – | – | – | (3,253,429) | – | (3,253,429) |
| Net gains/(losses) arising from translating the Financial Statements of the foreign operation | – | – | – | – | – | 414,578 | – | – | 414,578 | – | 414,578 |
| Total comprehensive income for the year 2016 | – | – | 14,652,274 | – | (3,253,429) | 414,578 | – | – | 11,813,423 | – | 11,813,423 |
| Transactions with owners, recognised directly in equity, contributions and distributions to owners | |||||||||||
| Issue of Ordinary shares under Employee Share Option Plans [Refer Note 53] | 144,804 | – | – | – | – | – | – | – | 144,804 | – | 144,804 |
| Dividends to equity holders | 1,578,594 | – | (5,720,913) | – | – | – | – | – | (4,142,319) | – | (4,142,319) |
| Final cash dividend for 2015 | – | – | (2,630,991) | – | – | – | – | – | (2,630,991) | – | (2,630,991) |
| Final dividend for 2015 satisfied in the form of issue and allotment of new shares [ Refer Note 53 ] | 1,578,594 | – | (1,753,994) | – | – | – | – | – | (175,400) | – | (175,400) |
| First interim dividend for 2016 [Refer Note 24] | – | – | (1,335,928) | – | – | – | – | – | (1,335,928) | – | (1,335,928) |
| Share-based payment transactions (net) [Refer Note 57.5] | – | – | – | – | – | – | – | 196,952 | 196,952 | – | 196,952 |
| Transfers during the year [Refer Notes 55 and 57] | – | 725,626 | (8,856,151) | – | – | – | 8,130,525 | – | – | – | – |
| Total transactions with equity holders | 1,723,398 | 725,626 | (14,577,064) | – | – | – | 8,130,525 | 196,952 | (3,800,563) | – | (3,800,563) |
| Balance as at December 31, 2016 | 24,978,003 | 5,647,890 | 4,464,077 | 5,722,859 | (7,208,796) | 839,346 | 43,490,003 | 420,282 | 78,353,664 | – | 78,353,664 |
The Notes appearing on this Annual Report form an integral part of these Financial Statements.