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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 		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
Balance as at January 1, 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 38.1 – – 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 Plan 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 53 1,578,594 – (1,753,994) – – – – – – (175,400) – (175,400)
First interim dividend for 2016 24 – – (1,335,928) – – – – – – (1,335,928) (1,373) (1,337,301)
Share-based payment transactions (net) 57.5 – – – – – – – – 196,952 196,952 – 196,952
Write back of unclaimed dividends – – 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 55 & 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 January 1, 2017 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
Total comprehensive income for the year 2017
Profit for the year – – 16,605,963 – – – – – – 16,605,963 20,544 16,626,507
Other comprehensive income, net of tax – – (532,590) 1,622,567 5,501,319 (511,529) (3,212) – – 6,076,555 21,955 6,098,510
Net actuarial gains/(losses) on defined benefit plans – – (536,116) – – – – – – (536,116) (392) (536,508)
Share of other comprehensive income of associates, net of tax 38.1 – – 3,526 – – – – – – 3,526 – 3,526
Net change in revaluation surplus – – – 1,622,567 – – – – – 1,622,567 13,958 1,636,525
Net fair value gains/(losses) on remeasuring financial investments – Available for sale – – – – 5,501,319 – – – – 5,501,319 – 5,501,319
Net gains/(losses) arising from translating the Financial Statements of foreign operations – – – – – (511,529) – – – (511,529) 8,389 (503,140)
Cash flow hedges – effective portion of changes in fair value, net of tax – – – – – – (3,212) – – (3,212) – (3,212)
Total comprehensive income for the year 2017 – – 16,073,373 1,622,567 5,501,319 (511,529) (3,212) – – 22,682,518 42,499 22,725,017
Transactions with owners, recognised directly in equity, contributions and distributions to owners
Proceeds from Rights issue of ordinary shares 10,143,872 – – – – – – – – 10,143,872 – 10,143,872
Issue of ordinary shares under Employee Share Option Plans 53 415,117 – – – – – – – – 415,117 – 415,117
Dividends to equity holders 1,606,549 – (5,955,851) – – – – – – (4,349,302) (3,690) (4,352,992)
Second interim dividend for 2016 24 – – (2,674,799) – – – – – – (2,674,799) (1,845) (2,676,644)
Final cash dividend for 2016 – – – – – – – – – – (369) (369)
Final dividend for 2016 satisfied in the form of issue and allotment of new shares 53 1,606,549 – (1,785,054) – – – – – – (178,505) – (178,505)
Dividend paid in respect of previous years – – (2,279) – – – – – – (2,279) – (2,279)
First interim dividend for 2017 24 – – (1,493,719) – – – – – – (1,493,719) (1,476) (1,495,195)
Share-based payment transactions (net) 57.5 – – – – – – – – 109,535 109,535 – 109,535
Derecognition of revaluation reserve to the retained earnings – – – – – – – – – – – –
Profit due to change in ownership – – 5,262 – – – – – – 5,262 – 5,262
Movement due to change in ownership – – (2,334) (7,650) – – – – – (9,984) 9,984 –
Revaluation gain on disposal of freehold land and building – – 36,940 (31,468) – – – – – 5,472 – 5,472
Transfers during the year 55 & 57 – 844,559 (9,624,559) – – – – 8,780,000 – – – –
Total transactions with equity holders 12,165,538 844,559 (15,540,542) (39,118) – – – 8,780,000 109,535 6,319,972 6,294 6,326,266
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

The Notes appearing on this Annual Report form an integral part of these Financial Statements.

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