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Annual Report 2016-17
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147
Other Equity
The Other Equity as at March 31, 2017 stood at
`
18,192.63 Million as against
`
15,777.83 Million showing a growth of
15.31%. The details of Other Equity are as below:
(In
`
Million)
Particulars
As at
March 31, 2017
As at
March 31, 2016
Securities Premium Reserve
1,336.70
1,336.70
General Reserve
7,837.40
6,641.78
Share Options Outstanding Reserve
187.12
147.09
Capital Reserve
24.25
73.25
Retained Earnings
8,525.07
7,303.39
Effective portion of cash pow hedges
208.44
91.49
E[change differences on translating the onancial statements of foreign operations
73.65
184.13
Total
18,192.63
15,777.83
Securities Premium Reserve
There was no change in the Securities Premium Reserve during the year as compared to the previous year.
General Reserve
During the Financial year 2016-17, the Company transferred
`
1,176.12 Million out of the proots of the year to General
Reserve in accordance with the Company’s Policy of Transfer of Proots to General Reserve. The balance in General
Reserve stood at
`
7,837.40 Million as at March 31, 2017 as against
`
6,641.78 Million as at March 31, 2016. Please refer
“Other Equity” under Statement of Changes in Equity in the consolidated onancials for details.
Share Options Outstanding Reserve
In accordance with Ind AS 102 – “Share Based Payments”, the cost of equity-settled transactions is determined by the
fair value of the options at the date of the grant and recognized as employee compensation cost over the vesting period
following graded vesting method.
The amount of stock options outstanding as at March 31, 2017 was
`
187.12 Million for 2.87 Million options outstanding as
on that date (The corresponding amount in stock options outstanding account as on March 31, 2016 was
`
147.09 Million
for 3.64 Million options outstanding on that date). The increase in the liability represents the increase in number of
options vested in the employees. Please refer “Other Equity” under Statement of Changes in Equity in the consolidated
onancials for details.
Capital Reserve
As per Ind AS 103 - “Business Combinations”, if the net fair value of the identioable assets, liabilities and contingent
liabilities acquired e[ceeds the cost of business acquisition, a gain is recognized as Capital Reserve under other
comprehensive income. The Company has carried out the fair valuation of all identioable assets, liabilities and contingent
liabilities acquired under the business acquisitions after the date of transition to Ind AS (i.e. April 1, 2015). Based on this,
the Capital Reserve stood at
`
24.25 Million and
`
73.25 Million as at March 31, 2017 and March 31, 2016 respectively.
Retained Earnings
The balance retained in the Statement of Proot and /oss as at March 31, 2017 is
`
1,221.68 Million, after appropriation
towards interim dividend of
`
480.00 Million, dividend distribution ta[ of
`
97.72 Million on dividend paid during the year
and transfer to General Reserve
`
1,176.12 Million.