150 / 236
148
48
Disclosure of Movement in Provisions during the year as per Ind AS- 37,
‘Provisions, Contingent Liabilities and Contingent Assets :
(
`
in crores)
Particulars
Balance as on
1 April 2016
Provided
during the
year
Paid/Adjusted
During the
year
Balance as on
31 March
2017
Non-current provisions
Gratuity
9.31
3.73
3.09
9.95
Total
9.31
3.73
3.09
9.95
Current provisions
Gratuity
0.67
0.67
0.67
0.67
Accumulated leaves
7.99
3.61
2.26
9.34
Income Tax
11.69
122.17
126.74
7.12
Total
20.35
126.45
129.67
17.13
Grand total
29.66
130.18
132.76
27.08
(
`
in crores)
Year ended
March 31, 2017
Year ended
March 31, 2016
A. Declared and paid during the year:
Final dividend for FY 2015-16:
`
5 per share (FY 2014-15:
`
4 per share)
47.83
38.14
(Including dividend distribution tax of
`
8.09 crores, FY 2015-16
`
6.36 crores)
47.83
38.14
B. Proposed for approval at the annual general meeting (not recognised as a
liability):
Final dividend for FY 2016-17:
`
3 per share (2015-16:
`
5 per share)
47.68
39.74
Dividend distribution tax
9.71
8.09
57.39
47.83
Note:
Note: Final dividend for FY 2016-17 is proposed on equity shares of face value of
`
1 per share after share split. All other
per share figures are in respect of equity shares of face value of
`
2 per share. (refer note 13C)
49 Dividends Paid and Proposed
50 First time adoption of Ind AS
These financial statements, for the year ended 31 March 2017, are the first the Company has prepared in accordance with
Ind AS. For periods up to and including the year ended 31 March 2016, the Company prepared its financial statements in
accordance with accounting standards notified under section 133 of the Companies Act 2013, read together with paragraph
7 of the Companies (Accounts) Rules, 2014 (Previous GAAP).
Accordingly, the Company has prepared financial statements which comply with Ind AS applicable for periods ending on 31
March 2017, together with the comparative period data as at and for the year ended 31 March 2016, as described in the
summary of significant accounting policies. In preparing these financial statements, the Company’s opening balance sheet was
prepared as at 1 April 2015, the Company’s date of transition to Ind AS. This note explains exemptions availed by the Company
in restating its Previous GAAP financial statements, including the balance sheet as at 1 April 2015 and the financial statements
as at and for the year ended 31 March 2016.
Notes on the standalone financial statements
for the year ended 31 March 2017