Atul Ltd 2013-14

77 ( ` 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 Less: Transferred to the General reserve* 1.95 – Balance as at the end of the year 4.73 6.68 (b) Securities premium account 34.66 34.66 (c) Revaluation reserve: Balance as at the beginning of the year 104.46 106.52 Less: Transferred to the Statement of Profit and Loss 2.06 2.06 Balance as at the end of the year 102.40 104.46 (d) Hedging reserve {see Note 27.9 (c)}: Balance as at the beginning of the year 0.74 (0.78) Add: Transferred to the 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 (e) General reserve: Balance as at the beginning of the year 81.42 67.87 Add: Transferred from Capital reserve* 1.95 – Add: Transferred from the Statement of Profit and Loss 21.28 13.55 Balance as at the end of the year 104.65 81.42 (f) Surplus in the Statement of Profit and Loss: Balance as at the beginning of the year 498.45 397.30 Add: Profit for the year 212.79 135.52 Amount available for appropriation 711.24 532.82 Less: Appropriations General reserve 21.28 13.55 Proposed 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 3.78 3.02 Balance as at the end of the year 663.93 498.45 911.91 726.41 *  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 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 Financial Statements