Page 215 - Annual Report 2019-20

Notes forming part of the consolidated financial statements Notes forming part of the consolidated financial statements 213

( in crores) ( in crores)
23 Other Equity 23.4 Cash Subsidy Reserve
As at As at As at As at
31 March 31 March 31 March 31 March PIDILITE ANNUAL REPORT 2019-20
st
st
st
st
2020 2019 2020 2019
Capital Reserve 0.34 0.34 Balance at the beginning of the year 0.95 0.95
Securities Premium Reserve 23.21 10.01 Add/ (Less): Additions/ (Deductions) during the year - -
Capital Redemption Reserve 0.50 0.50 Closing Balance 0.95 0.95
Cash Subsidy Reserve represents subsidies received from state governments. It is not available for the distribution to
Cash Subsidy Reserve 0.95 0.95
shareholders as dividend.
Legal Reserve 0.25 0.24
23.5 Legal Reserve
State Investment Reserve 0.15 0.15 As at As at
st
st
Share Options Outstanding Account 10.89 9.65 31 March 31 March
2020 2019
Foreign Currency Translation Reserve 28.83 14.36
Balance at the beginning of the year 0.24 0.24
General Reserve 1,335.38 1,335.38 Add/ (Less) : Additions/ (Deductions) during the year 0.01 -
Retained Earnings 3,004.30 2,725.71 Closing Balance 0.25 0.24
TOTAL 4,404.80 4,097.29 According to Thai Civil and Commercial Code, the Company is required to set aside to a statutory reserve an amount
equal to at least five percent of its net profit each time the Company pays out a dividend, until such reserve reaches
ten percent of its registered share capital. The statutory reserve cannot be used for dividend payment. At present, the
statutory reserve has fully been set aside.
23.1 Capital Reserve
As at As at 23.6 State Investment Reserve
31 March 31 March
st
st
2020 2019 As at As at
31 March 31 March
st
st
Balance at the beginning of the year 0.34 0.34 2020 2019
Add/ (Less): Additions/ (Deductions) during the year - - Balance at the beginning of the year 0.15 0.15
Closing Balance 0.34 0.34 Add/ (Less): Additions/ (Deductions) during the year - -
Capital Reserve represents excess of net assets acquired in past amalgamation. It is not available for the distribution to Closing Balance 0.15 0.15
shareholders as dividend. State Investment Reserve represents subsidies received by hybrid Coatings from state government for capital
investment. It is not available for the distribution to shareholders as dividend.
23.2 Securities Premium Reserve
As at As at 23.7 Share Options Outstanding Account
31 March 31 March As at As at
st
st
2020 2019 31 March 31 March
st
st
Balance at the beginning of the year 10.01 - 2020 2019
Add : Premium on Shares issued against ESOP 13.20 10.01 Employees Stock Options Outstanding
Balance at the beginning of the year 29.38 12.54
Closing Balance 23.21 10.01
Security Premium Account is created when shares are issued at premium. The Group may issue fully paid-up bonus Add : Options granted during the year 1.72 27.87
shares to its members out of the Securities Premium Reserve Account, and Group can use this reserve for Less : Transferred to Securities Premium on Options exercised during the year (13.20) (10.01)
buy-back of shares.
Less : Lapsed during the year (0.95) (1.02)
23.3 Capital Redemption Reserve Closing Balance (A) 16.95 29.38
As at As at Deferred Employees Stock Options Cost
31 March 31 March Balance at the beginning of the year (19.73) (27.87)
st
st
(3.51)
2019
2020
PIDILITE ANNUAL REPORT 2019-20 Closing Balance 0.50 0.50 Closing Balance (B) (6.06) (19.73)
Less : Options granted during the year
(1.72)
Balance at the beginning of the year
0.50

0.50
11.15
14.84
Add : Amortised and exercised during the year
Add : Transferred from General Reserve on Buy-back of Shares
-
-
0.55
0.50
Add : Lapsed during the year
The Group has recognised Capital Redemption Reserve on buy-back of equity shares from its General Reserve. The
amount in Capital Redemption Reserve is equal to the nominal amount of equity shares bought back. The reserve can be
10.89
9.65
Closing Balance (A+B)
utilised in accordance with the provisions of the Companies Act, 2013.
The above reserve relates to share options granted by the Company to its employees under its employee share option
212 plan. Further information about share-based payments to employees is set out in note 49.