Basic HTML Version
182
Sixty-Seventh Annual Report 2011-2012
(
`
in crores)
As at
As at
March31,
March31,
2011
Additions
Deductions
2012
3. Reserves and surplus
(a) Securities Premium Account [Notes (i) and (ii)]
11,350.68
9.18
173.10
11,186.76
6,714.59
4,829.80
193.71
11,350.68
(b) Capital Redemption Reserve
2.28
-
-
2.28
2.28
-
-
2.28
(c) Capital Reserve (on consolidation) [Note (iii)]
367.30
38.06
-
405.36
358.89
8.41
-
367.30
(d) Debenture Redemption Reserve
1,102.15
70.00
-
1,172.15
1,102.15
-
-
1,102.15
(e) Amalgamation Reserve
0.05
-
-
0.05
0.05
-
-
0.05
(f ) Special Reserve
95.76
49.29
-
145.05
68.96
26.80
-
95.76
(g) Revaluation Reserve [Note (iv)]
144.63
-
51.73
92.90
185.73
-
41.10
144.63
(h) Hedging Reserve Account [Note (v)]
208.76
-
369.93
(161.17)
-
208.76
-
208.76
(i) Pension Reserve [Note (vi)]
(3,998.70)
1,619.10
1,490.98
(3,870.58)
(1,722.61)
-
2,276.09
(3,998.70)
(j) Earned Surplus Reserve [Note (vii)]
11.83
2.68
-
14.51
10.62
1.21
-
11.83
(k) Reserves on Research and Human Resource Development [Note (viii), page 183]
155.88
13.41
-
169.29
99.69
56.19
-
155.88
(l) Restricted Reserve
0.39
-
-
0.39
0.39
-
-
0.39
(m) Translation Reserve [Note (ix), page 183]
(2,186.13)
2,363.59
-
177.46
(2,749.92)
563.79
-
(2,186.13)
(n) General Reserve [Note (x), page 183]
4,817.39
185.17
17.79
4,984.77
4,582.91
234.48
-
4,817.39
(o) Profit and Loss Account / Surplus [Note (xi), page 183]
6,461.49
13,516.50
1,782.03
18,195.96
(1,017.85)
9,273.62
1,794.28
6,461.49
18,533.76
17,866.98
3,885.56
32,515.18
7,635.88
15,203.06
4,305.18
18,533.76
2011-2012
2010-2011
Additions
Deductions
Additions
Deductions
Notes:-
(i) The opening and closing balances of Securities Premium Account are net
of calls in arrears of
`
0.03 crore
(ii)
Securities PremiumAccount :
(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 crore
(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) The addition to Capital Reserve represents exchange gain (net) on opening
balances in respect of foreign subsidiaries.
(iv)
RevaluationReserve :
(a) Depreciation on revalued portion of assets taken over on
amalgamation of a company
-
0.44
-
0.44
(b) Depreciation on revalued portion of assets of a subsidiary company
-
51.29
-
40.66
-
51.73
-
41.10
(v) The deduction to Hedging Reserve Account is net of tax
`
45.88 crores
(2010-11
`
Nil).
(vi)
PensionReserve :
(a) Actuarial losses (net)
-
1,490.98
-
1,387.42
(b) Movement in restriction of pension assets
346.60
-
-
888.67
(c) Tax impact on actuarial losses (net) and
movement in restriction of pension assets
1,272.50
-
-
-
1,619.10
1,490.98
-
2,276.09
NOTESFORMINGPARTOFCONSOLIDATEDFINANCIALSTATEMENTS
(vii) Under the Korean Commercial Code,Tata Daewoo Commercial Vehicle Company Ltd. (TDCV), a subsidiary, is required to appropriate annually at least 10%of cash
dividend declared each year to a legal reserve, Earned Surplus Reserve until such reserve equals 50% of capital stock of TDCV. This reserve may not be utilized
for cash dividends but may only be used to off-set against future deficit, if any, or may be transferred to capital stock of TDCV.