Atul Ltd 2013-14

117 ( ` cr) NOTE 3 RESERVES AND SURPLUS As at March 31, 2014 As at March 31, 2013 (a) Capital reserve: Balance as at the beginning of the year 6.68 6.68 Add: Addition on acquisition 0.57 – Less:Transferred to the General reserve* 1.95 – Balance as at the end of the year 5.30 6.68 (b) Securities premium account 36.27 36.27 (c) Central and state subsidy reserve 8.92 6.63 Add: Received during the year 2.57 2.29 Balance as at the end of the year 11.49 8.92 (d) Revaluation reserve: Balance as at the beginning of the year 111.62 114.27 Less: Transferred to the Consolidated Statement of Profit and Loss 2.65 2.65 Balance as at the end of the year 108.97 111.62 (e) Hedging reserve (see Note 27.4): Balance as at the beginning of the year 0.74 (0.78) Add: Transferred to the Consolidated Statement of Profit and Loss (0.74) 0.78 Less: Effect of foreign exchange rate variation on hedging instruments outstanding at the end of the year (1.54) (0.74) Balance as at the end of the year 1.54 0.74 (f) General reserve: Balance as at the beginning of the year 76.62 63.00 Add: Reversal of provision for diminution of investment in associate – 0.07 Add: Transferred from Capital reserve* 1.95 – Add: Transferred from the Consolidated Statement of Profit and Loss 21.28 13.55 Balance as at the end of the year 99.85 76.62 (g) Surplus in the Consolidated Statement of Profit and Loss: Balance as at the beginning of the year 483.71 398.31 Add: Profit for the year 219.19 119.77 Amount available for appropriation 702.90 518.08 Less : Appropriations General reserve 21.28 13.55 P roposed dividend on Equity Shares for the year {at ` 7.50 per share (March 31, 2013 ` 6.00 per share)} 22.25 17.80 Dividend distribution tax on proposed dividend 3.85 3.02 Balance as at the end of the year 655.52 483.71 918.94 724.56 * The fair value of the assets received free of cost in the past, was credited to ‘Capital reserve’. An amount equivalent to the depreciation of the respective assets charged to the Consolidated Statement of Profit and Loss and the written down value of assets discarded as at March 31, 2014 have been transferred to the General reserve. Notes to the Consolidated Financial Statements