For the year ended 31st March,
Consolidated
| Attributable to equity holders of the Company | |||||||||||||
| Capital Reserves | Other Components of Equity | Revenue Reserves | |||||||||||
| Stated capital | Employee share trust loan | Reserve on scrip issue | Other capital reserve | Revaluation reserve | Available-for-sale reserve | Foreign currency translation reserve | General reserve | Timber reserve | Retained earnings | 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 1st April, 2013 - As previously stated | 1,575,000 | (489,887) | 767,380 | 610,296 | 8,093,806 | (1,402) | 908,458 | 2,234,731 | 41,377 | 8,735,080 | 22,474,839 | 11,195,960 | 33,670,799 |
| Prior year adjustment - Note 38 | (223,055) | (223,055) | (22,858) | (245,913) | |||||||||
| Balance as at 1st April, 2013 - Restated | 1,575,000 | (489,887) | 767,380 | 610,296 | 8,093,806 | (1,402) | 908,458 | 2,234,731 | 41,377 | 8,512,025 | 22,251,784 | 11,173,102 | 33,424,886 |
| Profit for the year | – | – | – | – | – | – | – | – | 9,468 | 1,799,055 | 1,808,523 | 1,900,470 | 3,708,993 |
| Other comprehensive income | |||||||||||||
| Net exchange differences on translation of foreign operations | – | – | – | – | – | – | (16,686) | – | – | – | (16,686) | (60,013) | (76,699) |
| Share of other comprehensive income of equity accounted investees | – | – | – | – | (446) | – | – | – | – | (446) | (39) | (485) | |
| Net change in fair value of available-for-sale financial assets | – | – | – | – | – | (3,113) | – | – | – | – | (3,113) | (3,567) | (6,680) |
| Actuarial loss on employee benefit obligations | – | – | – | – | – | – | – | – | – | (111,391) | (111,391) | 29,438 | (81,953) |
| Income tax on other comprehensive income | – | – | – | – | – | – | – | – | – | 5,441 | 5,441 | (4,862) | 579 |
| Total other comprehensive income | – | – | – | – | – | (3,559) | (16,686) | – | – | (105,950) | (126,195) | (39,043) | (165,238) |
| Total Comprehensive income for the year | – | – | – | – | – | (3,559) | (16,686) | – | 9,468 | 1,693,105 | 1,682,328 | 1,861,427 | 3,543,755 |
| Transactions with owners, recorded directly in equity | |||||||||||||
| Dividends to equity holders | – | – | – | – | – | – | – | – | – | (337,500) | (337,500) | (797,014) | (1,134,514) |
| Recovery for the year | – | 1,626 | – | – | – | – | – | – | – | – | 1,626 | – | 1,626 |
| Transfers | – | – | – | 2,413 | – | – | – | 15,190 | – | (17,603) | – | – | – |
| Total contributions by and distributions to owners | – | 1,626 | – | 2,413 | – | – | – | 15,190 | – | (355,103) | (335,874) | (797,014) | (1,132,888) |
| Changes in ownership interests in subsidiaries | |||||||||||||
| Acquisition of non-controlling interest with a change in control | – | – | – | – | – | – | – | – | – | – | – | 46,192 | 46,192 |
| Acquisition of non-controlling interest without a change in control | – | – | 49,393 | 198 | (11,205) | 104 | 394 | (20,402) | 9 | 106,313 | 124,804 | 330,517 | 455,321 |
| Total changes in ownership interests in subsidiaries | – | – | 49,393 | 198 | (11,205) | 104 | 394 | (20,402) | 9 | 106,313 | 124,804 | 376,709 | 501,513 |
| Total transactions with owners | – | 1,626 | 49,393 | 2,611 | (11,205) | 104 | 394 | (5,212) | 9 | (248,790) | (211,070) | (420,305) | (631,375) |
| Balance as at 31st March, 2014 | 1,575,000 | (488,261) | 816,773 | 612,907 | 8,082,601 | (4,857) | 892,166 | 2,229,519 | 50,854 | 9,956,340 | 23,723,042 | 12,614,224 | 36,337,266 |
| Balance as at 1st April, 2012 - As previously stated | 1,575,000 | (491,439) | 762,125 | 459,951 | 5,711,359 | 2,850 | 659,483 | 2,082,710 | 31,662 | 7,578,069 | 18,371,770 | 10,077,099 | 28,448,869 |
| Prior year adjustment | – | – | – | – | – | – | – | – | – | (94,149) | (94,149) | (11,953) | (106,102) |
| Balance as at 1st April, 2012 - Restated | 1,575,000 | (491,439) | 762,125 | 459,951 | 5,711,359 | 2,850 | 659,483 | 2,082,710 | 31,662 | 7,483,920 | 18,277,621 | 10,065,146 | 28,342,767 |
| Profit for the year - Restated | – | – | – | – | – | – | – | – | 9,584 | 1,751,562 | 1,761,146 | 1,743,449 | 3,504,595 |
| Other comprehensive income | |||||||||||||
| Net exchange differences on translation of foreign operations | – | – | – | – | – | – | 137,343 | – | – | – | 137,343 | 162,487 | 299,830 |
| Share of other comprehensive income of equity accounted investees | – | – | – | – | 17,180 | – | – | – | – | – | 17,180 | – | 17,180 |
| Net change in fair value of available-for-sale financial assets | – | – | – | – | – | (4,247) | – | – | – | – | (4,247) | (2,878) | (7,125) |
| Revaluation of land | – | – | – | – | 2,330,536 | – | – | – | – | – | 2,330,536 | 210,799 | 2,541,335 |
| Actuarial loss on employee benefit obligations | – | – | – | – | – | – | – | – | – | (43,420) | (43,420) | 12,520 | (30,900) |
| Income tax on other comprehensive income | – | – | – | – | 7,218 | 7,218 | (1,335) | 5,883 | |||||
| Total other comprehensive income | – | – | – | – | 2,347,716 | (4,247) | 137,343 | – | – | (36,202) | 2,444,610 | 381,593 | 2,826,203 |
| Total comprehensive income for the year | – | – | – | – | 2,347,716 | (4,247) | 137,343 | – | 9,584 | 1,715,360 | 4,205,756 | 2,125,042 | 6,330,798 |
| Transactions with owners, recorded directly in equity | |||||||||||||
| Dividends to equity holders | – | – | – | – | – | – | – | – | – | (300,000) | (300,000) | (765,579) | (1,065,579) |
| Recovery for the year | – | 1,552 | – | – | – | – | – | – | – | – | 1,552 | – | 1,552 |
| Transfers | – | – | 78,284 | 2,440 | – | – | – | 142,525 | – | (223,249) | – | – | – |
| Total contributions by and distributions to owners | – | 1,552 | 78,284 | 2,440 | – | – | – | 142,525 | – | (523,249) | (298,448) | (765,579) | (1,064,027) |
| Changes in ownership interests in subsidiaries | |||||||||||||
| Acquisition of non-controlling interest with a change in control | – | – | – | – | – | – | – | – | – | – | – | – | – |
| Acquisition of non-controlling interest without a change in control | – | – | (73,029) | 147,905 | 34,731 | (5) | 111,632 | 9,496 | 131 | (164,006) | 66,855 | (251,507) | (184,652) |
| Total changes in ownership interests in subsidiaries | – | – | (73,029) | 147,905 | 34,731 | (5) | 111,632 | 9,496 | 131 | (164,006) | 66,855 | (251,507) | (184,652) |
| Total transactions with owners | – | 1,552 | 5,255 | 150,345 | 34,731 | (5) | 111,632 | 152,021 | 131 | (687,255) | (231,593) | (1,017,086) | (1,248,679) |
| Balance as at 31st March, 2013 - Restated | 1,575,000 | (489,887) | 767,380 | 610,296 | 8,093,806 | (1,402) | 908,458 | 2,234,731 | 41,377 | 8,512,025 | 22,251,784 | 11,173,102 | 33,424,886 |
Revaluation Reserve relates to the revaluation surplus of lands.
Details of the Capital Reserves are given in Note 24 to the Financial Statements.
Foreign Currency Translation Reserve comprises all foreign currency differences arising from the translation of the Financial Statements of foreign operations.
Available-for-sale Reserve relates to change in fair value of available-for-sale financial assets.
Timber Reserve relates to change in fair value of managed trees which includes commercial timber plantations cultivated on estates.
Notes to the Financial Statements form an integral part of these Financial Statements.
Figures in brackets indicate deductions.
For the year ended 31st March, 2014
Company
| Capital Reserve | Other Component of Equity | Revenue Reserve | |||||
| Stated capital | Employee share trust loan | Other capital reserve | Revaluation reserve | General reserve | Retained earnings | Total | |
| Rs. ’000 | Rs. ’000 | Rs. ’000 | Rs. ’000 | Rs. ’000 | Rs. ’000 | Rs. ’000 | |
| Balance as at 1st April, 2013 | 1,575,000 | (489,887) | 13,226 | 4,861,023 | 382,087 | 1,805,332 | 8,146,781 |
| Profit for the year | – | – | – | – | – | 537,479 | 537,479 |
| Other comprehensive income | |||||||
| Actuarial loss on employee benefit obligations | – | – | – | – | – | (79,571) | (79,571) |
| Total other comprehensive income | – | – | – | – | – | (79,571) | (79,571) |
| Total comprehensive income for the year | – | – | – | – | – | 457,908 | 457,908 |
| Transactions with owners, recorded directly in equity | |||||||
| Recovery for the year | – | 1,626 | – | – | – | – | 1,626 |
| Dividends to equity holders | – | – | – | – | – | (337,500) | (337,500) |
| Total contributions by and distributions to owners | – | 1,626 | – | – | – | (337,500) | (335,874) |
| Total transactions with owners | – | 1,626 | – | – | – | (337,500) | (335,874) |
| Balance as at 31st March, 2014 | 1,575,000 | (488,261) | 13,226 | 4,861,023 | 382,087 | 1,925,740 | 8,268,815 |
| Balance as at 1st April, 2012 | 1,575,000 | (491,439) | 13,226 | 3,684,503 | 382,087 | 1,759,448 | 6,922,825 |
| Profit for the year | – | – | – | – | – | 357,665 | 357,665 |
| Other comprehensive income | |||||||
| Actuarial loss on employee benefit obligations | – | – | – | – | – | (11,781) | (11,781) |
| Revaluation of land | – | – | – | 1,176,520 | – | – | 1,176,520 |
| Total other comprehensive income | – | – | – | 1,176,520 | – | (11,781) | 1,164,739 |
| Total comprehensive income for the year | – | – | – | 1,176,520 | – | 345,884 | 1,522,404 |
| Transactions with owners, recorded directly in equity | |||||||
| Dividends to equity holders | – | – | – | – | – | (300,000) | (300,000) |
| Recovery for the year | – | 1,552 | – | – | – | – | 1,552 |
| Total contributions by and distributions to owners | – | 1,552 | – | – | – | (300,000) | (298,448) |
| Total transactions with owners | – | 1,552 | – | – | – | (300,000) | (298,448) |
| Balance as at 31st March 2013 | 1,575,000 | (489,887) | 13,226 | 4,861,023 | 382,087 | 1,805,332 | 8,146,781 |