185
(
`
in crores)
2013 - 2014
2012 - 2013
Additions
Deductions
Additions
Deductions
(xi)
General Reserve :
(a)
Amount recovered (net) towards indemnity relating to business
amalgamated in prior year
-
-
0.08
-
(b)
Amount written off / written back by a subsidiary against
Securities Premium Account
-
-
0.02
-
(c)
Government grants / incentives received
24.67
-
24.21
-
(d)
Amount transferred from Profit and Loss Account / Surplus
54.45
-
59.48
-
79.12
-
83.79
-
(xii)
Foreign Currency Monetary Item Translation Difference Account :
(a)
Exchange gain / (loss) during the year (net)
1,795.86
-
1,245.17
(b)
Amortisation of exchange fluctuation for the year
-
88.11
562.73
1,795.86
88.11
562.73
1,245.17
(xiii)
Profit and Loss Account / Surplus :
(a)
Profit for the period
13,991.02
-
9,892.61
-
(b)
Tax on interim dividend by subsidiaries
(including Group’s share of subsidiaries’dividend tax)
-
6.35
-
4.54
(c)
Proposed dividend
-
648.56
-
645.20
(d)
Dividend paid (2012-13)
-
3.34
-
-
(e)
Tax on proposed dividend
(including Group’s share of subsidiaries’dividend tax)
-
110.86
-
106.40
(f)
Reversal of dividend distribution tax of earlier year
79.03
-
-
-
(g)
Debenture Redemption Reserve
-
-
130.00
-
(h)
General Reserve
-
54.45
-
59.48
(i)
Special Reserve
-
21.78
-
63.14
(j)
Legal Reserve
-
0.10
-
-
14,070.05
845.44
10,022.61
878.76
(vii) Under the Korean Commercial Code, Tata Daewoo Commercial Vehicle Company Ltd. (TDCV), an indirect 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 offset against future deficit, if any, or may be transferred to capital stock of TDCV.
(viii) Under the Special Tax Treatment Control Law, TDCV appropriated retained earnings for research and human resource development. The reserve, which was used
for its own purpose, is regarded as ‘Discretionary Appropriated Retained Earnings’.
(ix)
The addition to Legal Reserve is on account of Legal Reserve transferred on acquisition of one indirect subsidiary.
(x)
Translation Reserves represents conversion of balances in functional currency of foreign subsidiaries (net of minority share) and associates. [Note (f)(i)(3), page 179]
Independent Auditors’Report
Balance Sheet
(176-206)
Statement of Profit and Loss
Cash Flow Statement
Notes to Accounts
NOTES FORMING PART OF CONSOLIDATED FINANCIAL STATEMENTS
