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 |
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 | |
| Balance as at January 01, 2013 | 18,008,796 | 3,245,818 | 187,577 | 4,172,814 | 4,737,125 | 475,467 | (755,101) | 2,846,935 | 20,048,989 | 52,968,420 | 32,141 | 53,000,561 |
| Total comprehensive income for the year 2013 | ||||||||||||
| Profit for the year | – | – | – | 10,563,378 | – | – | – | – | – | 10,563,378 | 10,079 | 10,573,457 |
| Other comprehensive income, net of tax | – | – | – | (21,421) | (121,178) | 1,576,968 | 361,343 | – | – | 1,795,712 | 12 | 1,795,724 |
| Net actuarial gains/(losses) on defined benefit plans |
– | – | – | (21,421) | – | – | – | – | – | (21,421) | 12 | (21,409) |
| Net change in revaluation surplus | – | – | – | – | (121,178) | – | – | – | – | (121,178) | – | (121,178) |
| Net fair value gains/(losses) on re-measuring financial investments – Available-for-sale | – | – | – | – | – | 1,576,968 | – | – | – | 1,576,968 | – | 1,576,968 |
| Net gains/(losses) arising from translating the financial statements of foreign operations | – | – | – | – | – | – | 361,343 | – | – | 361,343 | – | 361,343 |
| Total comprehensive income for the year 2013 | – | – | – | 10,541,957 | (121,178) | 1,576,968 | 361,343 | – | – | 12,359,090 | 10,091 | 12,369,181 |
Transactions with owners recognised directly in equity, contributions and distributions to owners |
||||||||||||
| Issue of ordinary shares under Employee Share Option Plans [Refer Note 50] | 76,074 | – | – | – | – | – | – | – | – | 76,074 | – | 76,074 |
| Dividends to equity holders | 1,501,943 | – | – | (5,444,752) | – | – | – | – | – | (3,942,809) | (2,616) | (3,945,425) |
| Second interim dividend for 2012 [Refer Note 23] | – | – | – | (833,609) | – | – | – | – | – | (833,609) | – | (833,609) |
| Final cash dividend for 2012 | – | – | – | (1,668,826) | – | – | – | – | – | (1,668,826) | – | (1,668,826) |
| Final dividend for 2012 satisfied in the form of issue and allotment of new shares | 1,501,943 | – | – | (1,668,826) | – | – | – | – | – | (166,883) | (1,308) | (168,191) |
| First interim dividend for 2013 [Refer Note 23] | – | – | – | (1,273,491) | – | – | – | – | – | (1,273,491) | (1,308) | (1,274,799) |
| Deferred tax effect on pre-acquisition reserves | – | – | – | (14,547) | – | – | – | – | – | (14,547) | (838) | (15,385) |
| Reclassification of retained earnings to available-for-sale reserve | – | – | – | 28,967 | – | (28,967) | – | – | – | – | – | – |
| Transfers during the year [Refer Notes 51, 52 and 53] |
– | 522,276 | 78,943 | (4,924,807) | – | – | – | 1,991,758 | 2,331,830 | – | – | – |
| Total transactions with equity holders | 1,578,017 | 522,276 | 78,943 | (10,355,139) | – | (28,967) | – | 1,991,758 | 2,331,830 | (3,881,282) | (3,454) | (3,884,736) |
| Balance as at December 31, 2013 | 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 off 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 Plans [Refer Note 50] | 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) | (1,308) | (1,701,225) |
| Final dividend for 2013 satisfied in the form of issue and allotment of new shares | 1,529,925 | – | – | (1,699,917) | – | – | – | – | – | (169,992) | – | (169,992) |
| First interim dividend for 2014 [Refer Note 23] | – | – | – | (1,298,154) | – | – | – | – | – | (1,298,154) | (1,308) | (1,299,462) |
| Re-classification of available-for-sale-reserve to retained earnings | – | (31,099) | – | 31,099 | – | – | – | – | – | – | ||
| Transfers during the year [Refer Notes 51, 52 and 53] |
– | 559,009 | – | (5,547,455) | – | – | – | 388,446 | 4,600,000 | – | – | – |
| Transfer to general reserve [Refer Notes 51, 52 and 53] |
– | – | (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 December 31, 2014 | 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 |
The Notes 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 |
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 | |
| Balance as at January 01, 2013 | 18,008,796 | 3,245,818 | 187,577 | 4,178,080 | 4,343,232 | 475,467 | (757,894) | 2,846,935 | 20,048,989 | 52,577,000 | – | 52,577,000 |
| Total comprehensive income for the year 2013 | ||||||||||||
| Profit for the year | – | – | – | 10,445,511 | – | – | – | – | – | 10,445,511 | – | 10,445,511 |
| Other comprehensive income, net of tax | – | – | – | (20,668) | (121,178) | 1,579,100 | 350,969 | – | – | 1,788,223 | – | 1,788,223 |
| Net actuarial gains/(losses) on defined benefit plans |
– | – | – | (20,668) | – | – | – | – | – | (20,668) | – | (20,668) |
| Net change in revaluation surplus | – | – | – | – | (121,178) | – | – | – | – | (121,178) | – | (121,178) |
| Net fair value gains/(losses) on re-measuring financial investments – Available-for-sale | – | – | – | – | – | 1,579,100 | – | – | – | 1,579,100 | – | 1,579,100 |
| Net gains/(losses) arising from translating the financial statements of foreign operations | – | – | – | – | – | – | 350,969 | – | – | 350,969 | – | 350,969 |
| Total comprehensive income for the year 2013 | – | – | – | 10,424,843 | (121,178) | 1,579,100 | 350,969 | – | – | 12,233,734 | – | 12,233,734 |
Transactions with owners, recognised directly in equity, contributions and distributions to owners |
||||||||||||
| Issue of ordinary shares under Employee Share Option Plans [Refer Note 50] | 76,074 | – | – | – | – | – | – | – | – | 76,074 | – | 76,074 |
| Dividends to equity holders | 1,501,943 | (5,444,752) | – | – | – | – | – | (3,942,809) | – | (3,942,809) | ||
| Second interim dividend for 2012 [Refer Note 23] | – | – | – | (833,609) | – | – | – | – | – | (833,609) | – | (833,609) |
| Final cash dividend for 2012 | – | – | – | (1,668,826) | – | – | – | – | – | (1,668,826) | – | (1,668,826) |
| Final dividend for 2012 satisfied in the form of issue and allotment of new shares | 1,501,943 | – | – | (1,668,826) | – | – | – | – | – | (166,883) | – | (166,883) |
| First interim dividend for 2013 [Refer Note 23] | – | – | – | (1,273,491) | – | – | – | – | – | (1,273,491) | – | (1,273,491) |
| Transfers during the year [Refer Notes 50, 51 and 52] |
– | 522,276 | 78,943 | (4,924,807) | – | – | – | 1,991,758 | 2,331,830 | – | – | – |
| Total transactions with equity holders | 1,578,017 | 522,276 | 78,943 | (10,369,559) | – | – | – | 1,991,758 | 2,331,830 | (3,866,735) | – | (3,866,735) |
| Balance as at December 31, 2013 | 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 foreign operations | – | – | – | – | – | – | (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 Plans [Refer Note 50] | 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 | 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 51, 52 and 53] |
– | 559,009 | – | (5,547,455) | – | – | – | 388,446 | 4,600,000 | – | – | – |
| Transfer to general reserve [Refer Notes 51, 52 and 53] |
– | – | (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 December 31, 2014 | 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 |
The Notes form an integral part of these Financial Statements.