Page 131 - Annual Report 2019-20

Notes forming part of the financial statements Notes forming part of the financial statements 129

( in crores) ( in crores)
21 other Equity 21.4 Cash Subsidy Reserve
As at As at As at As at
st
31 March 31 March 31 March 31 March PIDILITE ANNUAL REPORT 2019-20
st
st
st
2020 2019 2020 2019
Capital Reserve 0.34 0.34 Balance at the beginning of the year 0.95 0.95
Add/ (Less): Additions/ (Deductions) during the year - -
Securities Premium Reserve 23.21 10.01
Closing Balance 0.95 0.95
Capital Redemption Reserve 0.50 0.50
Cash Subsidy Reserve represents subsidies received from state government. It is not available for distribution as dividend to
Cash Subsidy Reserve 0.95 0.95 shareholders.
Share Options Outstanding Account 10.89 9.65 21.5 Share Options Outstanding Account
General Reserve 1,335.38 1,335.38 As at As at
31 March 31 March
st
st
Retained Earnings 3,042.74 2,779.09 2020 2019
TOTAL 4,414.01 4,135.92 Employees Stock Options Outstanding Balance at the beginning of the year 29.38 12.54
Add : Options granted during the year 1.72 27.87
Less : Transferred to Securities Premium on Options exercised during the year (13.20) (10.01)
21.1 Capital Reserve
Less : Lapsed during the year (0.95) (1.02)
As at As at Closing Balance (A)
31 March 31 March 16.95 29.38
st
st
2020 2019 Deferred Employees Stock Options Cost Balance at the beginning of the year (19.73) (3.51)
Balance at the beginning of the year 0.34 0.34 Less : Options granted during the year (1.72) (27.87)
Add/ (Less): Additions/ (Deductions) during the year - - Add : Amortised and exercised during the year 14.84 11.15
Add : Lapsed during the year 0.55 0.50
Closing Balance 0.34 0.34
Closing Balance (B) (6.06) (19.73)
Capital Reserve represents excess of net assets acquired in past amalgamation. It is not available for the distribution to
shareholders as dividend. Closing Balance (A+B) 10.89 9.65
The above reserve relates to share options granted by the Company to its employees under its employee share option plan.
Further information about share-based payments to employees is set out in note 46.
21.2 Securities Premium Reserve
21.6 General Reserve
As at As at
31 March 31 March As at As at
st
st
2020 2019 31 March 31 March
st
st
2020 2019
Balance at the beginning of the year 10.01 -
Balance at the beginning of the year 1,335.38 1,335.38
Add: Premium on Shares issued against ESOP 13.20 10.01
Add/ (Less) : Additions/ (Deductions) during the year - -
Closing Balance 23.21 10.01 Closing Balance 1,335.38 1,335.38
Security Premium Account is created when shares are issued at premium. The Company may issue fully paid-up bonus General Reserve is created by a transfer from one component of equity to another and is not an item of Other Comprehensive
shares to its members out of the Securities Premium Reserve Account, and Company can use this reserve for buy-back Income. The same can be utilised by the Company in accordance with the provisions of the Companies Act, 2013.
of shares. This reserve is utilised in accordance with the provisions of the Companies Act, 2013.
21.7 Retained Earnings
21.3 Capital Redemption Reserve As at As at
31 March 31 March
st
st
As at As at 2020 2019
st
st
31 March 31 March Balance at the beginning of the year 2,779.09 2,166.95
2020
2019
PIDILITE ANNUAL REPORT 2019-20 Closing Balance 0.50 0.50 Closing Balance 3,042.74 (304.69)
1,101.62
979.44
Add : Profit for the year
Balance at the beginning of the year
0.50

0.50
Less : Payment of Final Dividend
(330.18)
-
-
Add/ (Less): Additions/ (Deductions) during the year
-
Payment of Interim Dividend for the year 2019-20

(355.61)
Tax on Dividend paid

(59.63)
(140.97)
The Company has recognised Capital Redemption Reserve on buy-back of equity shares from its General Reserve.

(2.98)
(11.20)
Other Comprehensive Income for the year, net of income tax
The amount in Capital Redemption Reserve is equal to the nominal amount of equity shares bought back. The reserve
2,779.09
can be utilised in accordance with the provisions of the Companies Act, 2013.
This Reserve can be utilised in accordance with the provisions of the Companies Act, 2013.
128 This Reserve represents the cumulative profits of the Company and effects of remeasurement of defined benefit obligations.