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Annual Report 2016-17
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173
CONSOLIDATED STATEMENT OF CHANGES IN EQUITY FOR THE YEAR ENDED MARCH 31, 2017
B. Other equity
In
`
Million
Particulars
Reserves and surplus
Items of other comprehensive income
Total
Securities
premium
reserve
General
reserve
Share options
outstanding reserve
(refer note 37)
Capital
reserve
Retained
earnings
Effective portion of
cash pow hedges
Exchange differences on
translating the onancial
statements of foreign operations
Balance as at April 1, 2016
1,336.70
6,641.78
147.09
73.25
7,303.39
91.49
184.13
15,777.83
Net proot for the year
-
-
-
-
3,014.65
-
-
3,014.65
Other comprehensive income for the year
-
-
-
-
(39.13)
116.95
(110.48)
(32.66)
Dividend
-
-
-
-
(480.00)
-
-
(480.00)
Tax on dividend
-
-
-
-
(97.72)
-
-
(97.72)
Transfer to general reserve
-
1,176.12
-
-
(1,176.12)
-
-
-
Employee stock compensation expenses
-
-
59.53
-
-
-
-
59.53
Adjustments towards employees stock options
-
19.50
(19.50)
-
-
-
-
-
Other changes during the year
-
-
-
(49.00)
-
-
-
(49.00)
Balance at March 31, 2017
1,336.70
7,837.40
187.12
24.25
8,525.07
208.44
73.65
18,192.63
In
`
Million
Particulars
Reserves and surplus
Items of other comprehensive income
Total
Securities
premium
reserve
General
reserve
Share options
outstanding
reserve (refer
note 37)
Capital
reserve
Retained
earnings
Effective portion of
cash pow hedges
Exchange differences on
translating the onancial
statements of foreign operations
Balance as at April 1, 2015
1,336.70
5,562.61
55.65
-
6,092.86
81.54
125.93
13,255.29
Ind AS adjustments on orst time adoption
(Refer note 48)
-
-
74.29
-
571.51
-
-
645.80
Net proot for the year
-
-
-
-
2,772.99
-
-
2,772.99
Other comprehensive income for the year
-
-
-
-
179.60
9.95
58.20
247.75
Dividend
-
-
-
-
(1,040.00)
-
-
(1,040.00)
Tax on dividend
-
-
-
-
(211.73)
-
-
(211.73)
Transfer to general reserve
-
1,061.84
-
-
(1,061.84)
-
-
-
Employee stock compensation expenses
-
-
34.48
-
-
-
-
34.48
Adjustments towards employees stock
options
-
17.33
(17.33)
-
-
-
-
-
Other changes during the year
-
-
-
73.25
-
-
-
73.25
Balance at March 31, 2016
1,336.70 6,641.78
147.09 73.25 7,303.39
91.49
184.13 15,777.83
The accompanying notes are an integral part of the consolidated onancial statements
As per our report of even date
For Deloitte Haskins & Sells LLP
ICAI Firm registration no. 117366W/W-100018
Chartered Accountants
For JOSHI APTE & CO
ICAI Firm registration no. 104370W
Chartered Accountants
For and on behalf of the Board of Directors of
Persistent Systems Limited
per Hemant M. Joshi
Partner
Membership no. 038019
per C. K. Joshi
Partner
Membership no. 030428
Dr. Anand Deshpande
Chairman and
Managing Director
Kiran Umrootkar
Director
Sunil Sapre
Chief Financial Ofocer
Amit Atre
Company Secretary
Place: Pune
Place: Pune
Place: Pune
Date: April 25, 2017
Date: April 25, 2017
Date: April 25, 2017