Any profit or loss on purchase sale issue or cancellation of the Companys own

Any profit or loss on purchase sale issue or

This preview shows page 24 - 26 out of 47 pages.

Any profit or loss on purchase, sale, issue or cancellation of the Company's own equity instruments is transferred to capital reserve. The weighted average fair value of each unit under the above mentioned ERSP 2012 plan, granted during the year ended March 31, 2019 was Rs 966.16 using the Black-Scholes model with the following assumptions: As at March 31, 2019 Foreign currency translation reserve Other items of other comprehensive income Exchange difference relating to the translation of the results and net assets of the Company’s foreign operations from their functional currencies to the Company’s presentation currency are recognized directly in other comprehensive income and accumulated in the foreign currency translation reserve. Other items of other comprehensive income consist of fair value changes on FVTOCI financial assets and financial liabilities and re-measurement of net defined benefit liability/asset. 24
Image of page 24
Mindtree Limited Significant accounting policies and notes to the standalone interim financial statements For the quarter and year ended March 31, 2019 (Rupees in millions, except share and per share data, unless otherwise stated) 10.1 Distributions made and proposed Non- current liabilities 11 Financial liabilities 11.1 Borrowings Particulars As at As at As at March 31, 2019 March 31, 2018 April 1, 2017 (Unsecured) Other loan* 5 9 13 Total 5 9 13 11.2 Other financial liabilities Particulars As at As at As at March 31, 2019 March 31, 2018 April 1, 2017 Liability towards acquisition of business - - 195 - - 35 Others 1 - - Total 1 - 230 12 Particulars As at As at As at March 31, 2019 March 31, 2018 April 1, 2017 173 85 71 Total 173 85 71 Current liabilities 13 Financial liabilities 13.1 Borrowings Particulars As at As at As at March 31, 2019 March 31, 2018 April 1, 2017 (Secured) Loans from bank - - 36 (Unsecured) Loans from bank* - 3,000 - Other loans from bank** - - 942 Total - 3,000 978 Employee benefits payable Other liabilities (Deferred rent) The amount of per share dividend recognized as distributions to equity shareholders for the year ended March 31, 2019 and year ended March 31, 2018 was Rs 11 and Rs 9 respectively. The Board of Directors at its meeting held on April 18, 2018 had recommended a final dividend of 30% (Rs 3 per equity share of par value Rs 10 each). The proposal was approved by the shareholders at the Annual General Meeting held on July 17, 2018. This resulted in a cash outflow of approximately Rs 593, inclusive of dividend distribution tax of Rs 101. The Board of Directors, at its meeting held on April 17, 2019, have declared an interim dividend of 30% (Rs 3 per equity share of par value Rs 10 each). The Board of Directors have also recommended a final dividend of 40% (Rs 4 per equity share of par value Rs 10 each) for the financial year ended March 31, 2019 and a special dividend of 200% (Rs 20 per equity share of par value Rs 10 each) to celebrate the twin achievements of exceeding USD 1 billion annual revenue milestone and 20th anniversary of the Company which are subject to the approval of shareholders.
Image of page 25
Image of page 26

You've reached the end of your free preview.

Want to read all 47 pages?

  • Spring '17
  • Emily Everhart

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture

Stuck? We have tutors online 24/7 who can help you get unstuck.
A+ icon
Ask Expert Tutors You can ask You can ask You can ask (will expire )
Answers in as fast as 15 minutes