| Other reserves | ||||||||||||||
| Stated capital |
Statutory reserve fund |
Retained earnings |
Revaluation reserve |
Available- for-sale reserve |
Fair value reserve |
Foreign currency translation reserve |
Hedging reserve |
General reserve |
Employee share option reserve |
Shareholders’ funds |
Non-controlling interest |
Total equity |
||
| Note | 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 December 31, 2017 | 37,143,541 | 6,492,552 | 5,086,609 | 7,834,003 | (1,707,486) | – | 348,973 | (3,212) | 52,270,003 | 529,817 | 107,994,800 | 871,906 | 108,866,706 | |
| Impact of adoption of SLFRS 9 | – | – | (5,140,993) | – | 1,707,486 | (325,412) | – | – | – | – | (3,758,919) | – | (3,758,919) | |
| Recognition of SLFRS 9 ECLs including those measured at FVOCI | – | – | (5,749,369) | – | – | 194,256 | – | – | – | – | (5,555,113) | – | (5,555,113) | |
| Deferred tax on transitional adjustments | – | – | 1,855,263 | – | – | (47,775) | – | – | – | – | 1,807,488 | – | 1,807,488 | |
| Transfer of AFS reserve build o/a reclassification of AFS portfolio to HTM portfolio (net of tax) | – | – | (1,587,069) | – | 1,587,069 | – | – | – | – | – | – | – | – | |
| Impact of reclassifying financial investment from AFS to FVTPL | – | – | 340,182 | – | (340,182) | – | – | – | – | – | – | – | – | |
| Re-measurement impact of reclassifying financial investment from L&R to FVOCI | – | – | – | – | – | (11,294) | – | – | – | – | (11,294) | – | (11,294) | |
| Transfer of AFS reserve to fair value reserve | – | – | – | – | 460,599 | (460,599) | – | – | – | – | – | – | – | |
| Balance as at January 1, 2018 | 37,143,541 | 6,492,552 | (54,384) | 7,834,003 | – | (325,412) | 348,973 | (3,212) | 52,270,003 | 529,817 | 104,235,881 | 871,906 | 105,107,787 | |
| Total comprehensive income for the year 2018 | ||||||||||||||
| Profit for the year | – | – | 17,734,706 | – | – | – | – | – | – | – | 17,734,706 | 128,125 | 17,862,831 | |
| Other comprehensive income, net of tax | – | – | 99,246 | (10,010) | – | (1,060,943) | 2,808,079 | 27,231 | – | – | 1,863,603 | 195,685 | 2,059,288 | |
| Net actuarial gains/(losses) on defined benefit plans | – | – | 104,769 | – | – | – | – | – | – | – | 104,769 | (188) | 104,581 | |
| Realised gain/(loss) from disposal of investment in equity | – | – | 2,909 | – | – | – | – | – | – | – | 2,909 | – | 2,909 | |
| Share of other comprehensive income of associates, net of tax | – | – | (8,432) | – | – | – | – | – | – | – | (8,432) | – | (8,432) | |
| Deferred tax charge reversal on revaluation surplus | – | – | – | (10,010) | – | – | – | – | – | – | (10,010) | – | (10,010) | |
| Net fair value gains/(losses) on remeasuring financial assets measured at fair value through other comprehensive income | – | – | – | – | – | (1,060,943) | – | – | – | – | (1,060,943) | – | (1,060,943) | |
| Net gains/(losses) arising from translating the Financial Statements of foreign operations | – | – | – | – | – | – | 2,808,079 | – | – | – | 2,808,079 | 195,873 | 3,003,952 | |
| Cash flow hedges – effective portion of changes in fair value, net of tax | – | – | – | – | – | – | – | 27,231 | – | – | 27,231 | – | 27,231 | |
| Total comprehensive income for the year 2018 | – | – | 17,833,952 | (10,010) | – | (1,060,943) | 2,808,079 | 27,231 | – | – | 19,598,309 | 323,810 | 19,922,119 | |
| Transactions with owners, recognised directly in equity, contributions and distributions to owners |
||||||||||||||
| Issue of ordinary shares under employee share option plans | 53 | 203,083 | – | – | – | – | – | – | – | – | – | 203,083 | – | 203,083 |
| Transfer o/a share-based payment transactions | 53 | 6,414 | – | – | – | – | – | – | – | – | (6,414) | – | – | – |
| Dividends to equity holders | 1,794,844 | – | (6,498,747) | – | – | – | – | – | – | – | (4,703,903) | (4,181) | (4,708,084) | |
| Second interim dividend for 2017 | 25 | – | – | (2,989,996) | – | – | – | – | – | – | – | (2,989,996) | – | (2,989,996) |
| Final cash dividend for 2017 | – | – | – | – | – | – | – | – | – | – | – | (2,531) | (2,531) | |
| Final dividend for 2017 satisfied in the form of issue and allotment of new shares | 53 | 1,794,844 | – | (1,994,271) | – | – | – | – | – | – | – | (199,427) | – | (199,427) |
| Unclaimed dividend absorbed/(dividend paid) in respect of previous years | – | – | 1,604 | – | – | – | – | – | – | – | 1,604 | 37 | 1,641 | |
| First interim dividend for 2018 | 25 | – | – | (1,516,084) | – | – | – | – | – | – | – | (1,516,084) | (1,687) | (1,517,771) |
| Share-based payment transactions | 57.6 | – | – | – | – | – | – | – | – | – | 68,581 | 68,581 | – | 68,581 |
| Profit due to change in ownership | 17 | – | – | 3,344 | – | – | – | – | – | – | – | 3,344 | – | 3,344 |
| Movement due to change in ownership | – | – | (2,584) | (4,862) | – | – | – | – | – | – | (7,446) | 7,446 | – | |
| Transfers during the year | 55 to 57 | – | 951,626 | (6,331,626) | – | – | – | – | – | 5,380,000 | – | – | – | – |
| Total transactions with equity holders | 2,004,341 | 951,626 | (12,829,613) | (4,862) | – | – | – | – | 5,380,000 | 62,167 | (4,436,341) | 3,265 | (4,433,076) | |
| Balance as at December 31, 2018 | 39,147,882 | 7,444,178 | 4,949,955 | 7,819,131 | – | (1,386,355) | 3,157,052 | 24,019 | 57,650,003 | 591,984 | 119,397,849 | 1,198,981 | 120,596,830 | |
| Impact of adoption of SLFRS 16 | – | – | (57,627) | – | – | – | – | – | – | – | (57,627) | – | (57,627) | |
| Reversal of deferred tax asset created on liability o/a straight lining of lease rentals | – | – | (57,627) | – | – | – | – | – | – | – | (57,627) | – | (57,627) | |
| Balance as at January 1, 2019 | 39,147,882 | 7,444,178 | 4,892,328 | 7,819,131 | – | (1,386,355) | 3,157,052 | 24,019 | 57,650,003 | 591,984 | 119,340,222 | 1,198,981 | 120,539,203 | |
| Total comprehensive income for the year 2019 | ||||||||||||||
| Profit for the year | – | – | 17,263,259 | – | – | – | – | – | – | – | 17,263,259 | 157,137 | 17,420,396 | |
| Other comprehensive income, net of tax | – | – | (57,400) | 39,575 | – | 3,169,858 | (391,060) | (62,391) | – | – | 2,698,582 | (5,077) | 2,693,505 | |
| Net actuarial gains/(losses) on defined benefit plans | – | – | (57,400) | – | – | – | – | – | – | – | (57,400) | 64 | (57,336) | |
| Share of other comprehensive income of associates, net of tax | – | – | – | 39,575 | – | (942) | – | – | – | – | 38,633 | – | 38,633 | |
| Net fair value gains/(losses) on remeasuring financial assets measured at fair value through other comprehensive income |
– | – | – | – | – | 3,170,800 | – | – | – | – | 3,170,800 | – | 3,170,800 | |
| Net gains/(losses) arising from translating the Financial Statements of foreign operations |
– | – | – | – | – | – | (391,060) | – | – | – | (391,060) | (5,141) | (396,201) | |
| Cash flow hedges – effective portion of changes in fair value, net of tax | – | – | – | – | – | – | – | (62,391) | – | – | (62,391) | – | (62,391) | |
| Total comprehensive income for the year 2019 | – | – | 17,205,859 | 39,575 | – | 3,169,858 | (391,060) | (62,391) | – | – | 19,961,841 | 152,060 | 20,113,901 | |
| Transactions with owners, recognised directly in equity, contributions and distributions to owners |
||||||||||||||
| Issue of ordinary shares under employee share option plans | 53 | 30,128 | – | – | – | – | – | – | – | – | – | 30,128 | – | 30,128 |
| Transfer o/a share-based payment transactions | 53 | – | – | – | – | – | – | – | – | – | – | – | – | – |
| Transfer of value of expired ESOP | 56 & 57.6 | – | – | 88,913 | – | – | – | – | – | – | (123,490) | (34,577) | – | (34,577) |
| Dividends to equity holders | 1,738,948 | – | (6,596,511) | – | – | – | – | – | – | – | (4,857,563) | (4,988) | (4,862,551) | |
| Second interim dividend for 2018 | 25 | – | – | (3,032,869) | – | – | – | – | – | – | – | (3,032,869) | – | (3,032,869) |
| Final cash dividend for 2018 | – | – | – | – | – | – | – | – | – | – | – | (3,188) | (3,188) | |
| Final dividend for 2018 satisfied in the form of issue and allotment of new shares | 53 | 1,738,948 | – | (2,022,032) | – | – | – | – | – | – | – | (283,084) | – | (283,084) |
| Unclaimed dividend absorbed/(dividend paid) in respect of previous years | – | – | (350) | – | – | – | – | – | – | – | (350) | 22 | (328) | |
| First interim dividend for 2019 | 25 | – | – | (1,541,260) | – | – | – | – | – | – | – | (1,541,260) | (1,822) | (1,543,082) |
| Share-based payment transactions | 57.6 | – | – | – | – | – | – | – | – | – | – | – | – | – |
| Profit due to change in ownership | 17 | – | – | 14,498 | – | – | – | – | – | – | – | 14,498 | – | 14,498 |
| Movement due to change in ownership | – | – | (9,379) | (20,921) | – | – | – | – | – | – | (30,300) | 30,300 | – | |
| Acquisition of a subsidiary with non-controlling interest | – | – | – | – | – | – | – | – | – | – | – | 212,881 | 212,881 | |
| Transfers during the year | 55 to 57 | – | 943,523 | (10,413,523) | – | – | – | – | – | 9,470,000 | – | – | – | – |
| Total transactions with equity holders | 1,769,076 | 943,523 | (16,916,002) | (20,921) | – | – | – | – | 9,470,000 | (123,490) | (4,877,814) | 238,193 | (4,639,621) | |
| Balance as at December 31, 2019 | 40,916,958 | 8,387,701 | 5,182,185 | 7,837,785 | – | 1,783,503 | 2,765,992 | (38,372) | 67,120,003 | 468,494 | 134,424,249 | 1,589,234 | 136,013,483 | |
The Notes appearing on this Annual Report form an integral part of these Financial Statements.