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138
Sixty-Seventh Annual Report 2011-2012
(
`
in crores)
NOTES FORMING PART OF FINANCIAL STATEMENTS
As at Additions Deductions
As at
March 31,
March 31,
3. Reserves and surplus
2011
2012
(a)
Capital Redemption Reserve
2.28
-
-
2.28
2.28
-
-
2.28
(b) Securities Premium Account [Note (i) and (ii)]
11,350.68
9.18
173.10 11,186.76
6,714.59 4,829.80
193.71 11,350.68
(c)
Debenture Redemption Reserve
1,102.15
70.00
-
1,172.15
1,102.15
-
-
1,102.15
(d) Revaluation Reserve [Note (iii)]
24.19
-
0.44
23.75
24.63
-
0.44
24.19
(e) Amalgamation Reserve
0.05
-
-
0.05
0.05
-
-
0.05
(f )
General Reserve [Note (iv)]
4,817.32 125.04
-
4,942.36
4,617.04
200.28
-
4,817.32
(g) Profit and Loss Account (Surplus) [Note (v)]
2,078.92 1,243.71 1,658.72 1,663.91
1,934.13 1,811.82 1,667.03 2,078.92
19,375.59 1,447.93 1,832.26 18,991.26
14,394.87 6,841.90 1,861.18 19,375.59
Notes -
2011-2012
2010-2011
Additions Deductions Additions Deductions
(i)
The opening and closing balances of Securities
Premium Account are net of calls in arrears of
`
0.03 crore
(ii)
Securities Premium Account :
(a)
Premium on shares issued which were held in abeyance out
of Rights issue of shares [previous year premium on shares
issued on conversion of Foreign Currency Convertible
Notes (FCCN) and held in abeyance out of
Rights issue of shares]
2.98
-
1,466.70
-
(b) Premium on issue of shares through Qualified Institutional
Placement (QIP)
-
-
3,310.52
-
(c)
FCCN conversion expenses / QIP issue expenses, recovery of
expenses on issue of GDS and FCCN and brokerage, stamp duty
and other fees on Non-Convertible Debentures [net of tax
`
Nil
(2010-11
`
1.77 crores)]
-
76.69
0.51
193.71
(d) Premium on redemption of Debentures / FCCN / Convertible
Alternative Reference Securities (CARS) (net) (including
exchange differences and withholding tax)
[net of tax
`
15.99 crores
(2010-11
`
139.99 crores)]
-
96.41
52.07
-
(e) Profit on sale of plant items written off in earlier years
6.20
-
-
-
9.18
173.10
4,829.80
193.71
(iii)
Revaluation Reserve :
Depreciation on revalued portion of assets taken over on
amalgamation of a company
-
0.44
-
0.44
-
0.44
-
0.44
(iv)
General Reserve :
(a)
Amount recovered (net) towards indemnity relating to
business amalgamated in prior year
0.04
-
0.28
-
(b) Amount transferred from Profit and Loss Account (Surplus)
125.00
-
200.00
-
125.04
-
200.28
-
(v)
Profit and Loss Account (Surplus) :
(a)
Profit after tax for the year
1,242.23
-
1,811.82
-
(b) Credit for dividend distribution tax
1.48
-
-
-
(c)
Proposed dividend
-
1,280.70
-
1,274.23
(d) Tax on proposed dividend
-
183.02
-
192.80
(e) Debenture Redemption Reserve
-
70.00
-
-
(f )
General Reserve
-
125.00
-
200.00
1,243.71 1,658.72
1,811.82 1,667.03