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Shaping the future of software driven business
Unconsolidated Financials •
275
Statement of changes in Equity for the year ended March 31, 2019
B. Other equity
(In
`
Million)
Particulars
Reserves and surplus
Items of other
comprehensive
income
Total
Securities
premium
General
reserve
Share
options
outstanding
reserve
Capital
redemption
reserve
Special Economic
Zone re-investment
reserve
Retained
earnings
Effective portion
of cash flow
hedges
Balance as at April 1, 2018
1,336.70 9,296.47
90.52
-
-
8,991.72
16.63
19,732.04
Net profit for the year
-
-
-
-
-
3,150.08
-
3,150.08
Other comprehensive income for the year
-
-
-
-
-
(49.83)
168.43
118.60
Dividend
-
-
-
-
-
(880.00)
-
(880.00)
Tax on dividend
-
-
-
-
-
(137.41)
-
(137.41)
Transfer to general reserve
-
1,260.03
-
-
-
(1,260.03)
-
-
Transfer to capital redemption reserve
-
-
-
8.81
-
(8.81)
-
-
Transfer to Special Economic Zone re-investment reserve
-
-
-
-
70.00
(70.00)
-
-
Adjustments towards employees stock options
-
14.23
(14.23)
-
-
-
-
-
Other changes during the period
-
-
-
-
-
-
-
-
Utilised towards buy back of shares (refer note 4d)
(562.60)
-
-
-
-
-
-
(562.60)
Balance at March 31, 2019
774.10 10,570.73
76.29
8.81
70.00
9,735.72
185.06 21,420.71
(In
`
Million)
Particulars
Reserves and surplus
Items of other
comprehensive
income
Total
Securities
premium
General
reserve
Share
options
outstanding
reserve
Capital
redemption
reserve
Special Economic
Zone re-investment
reserve
Retained
earnings
Effective portion
of cash flow
hedges
Balance as at April 1, 2017
1,336.70
7,827.60
187.12
-
-
7,784.28
208.44
17,344.14
Net profit for the year
-
-
-
-
-
3,421.17
-
3,421.17
Other comprehensive income for the year
-
-
-
-
-
104.97
(191.81)
(86.84)
Dividend
-
-
-
-
-
(800.00)
-
(800.00)
Tax on dividend
-
-
-
-
-
(150.23)
-
(150.23)
Transfer to general reserve
-
1,368.47
-
-
-
(1,368.47)
-
-
Employee stock compensation expenses
-
-
2.23
-
-
-
-
2.23
Employee stock compensation expenses of subsidiaries
-
-
1.57
-
-
-
-
1.57
Adjustments towards employees stock options
-
100.40
(100.40)
-
-
-
-
-
Balance at March 31, 2018
1,336.70 9,296.47
90.52
-
-
8,991.72
16.63 19,732.04
Summary of significant accounting policies - Refer note 3
The accompanying notes are an integral part of the financial statements.
As per our report of even date
For Deloitte Haskins & Sells LLP
For and on behalf of the Board of Directors of
Chartered Accountants
Persistent Systems Limited
ICAI Firm registration no. 117366W/W-100018
Hemant M. Joshi
Dr. Anand Deshpande
Kiran Umrootkar
Partner
Chairman and Managing Director
Director
Membership no. 038019
DIN: 00005721
DIN: 00326672
Sunil Sapre
Amit Atre
Executive Director and
Company Secretary
Chief Financial Officer
Membership No. A20507
DIN: 06475949
Place: Pune
Place: Pune
Date: April 27, 2019
Date: April 27, 2019