Page 277 - Tata_Chemicals_yearly-reports-2019-20

Integrated report Statutory reportS Financial StatementS
Consolidated

` in crore
Year ended Year ended
March 31, 2020 March 31, 2019
17.6 Foreign currency translation reserve
Balance at the beginning of the year 1,668.27 1,457.46
Changes during the year 394.28 210.81
Balance at the end of the year 2,062.55 1,668.27
Footnotes:
the Foreign currency translation reserve represents all exchange differences arising from translation of Financial Statements of
foreign operations.

17.7 Retained earnings ` in crore
Year ended Year ended
March 31, 2020 March 31, 2019
Balance at the beginning of the year 5,192.86 4,626.08
profit for the year 7,006.33 1,155.91
remeasurement of defined employee benefit plans (net of tax) (26.97) 82.14
dividends including tax on dividend (383.89) (675.66)
deemed dividend on demerger (note 36) (6,307.97) -
refund of tax on dividend 1.65 -
transition impact of Ind aS 116 (note 39) (14.95) -
Impact on Merger of Zero Waste to rallis 0.14 -
Joint venture reserve movement 0.30 -
acquisition of non-controlling interests (note 38) 718.30 -
transfer from equity instruments through other comprehensive income - 4.39
Balance at the end of the year (footnote ‘ii’) 6,185.80 5,192.86
Footnote:
(i) the amount that can be distributed by the holding company as dividends to its equity shareholders is determined based on the
Standalone Financial Statements of the holding company and also considering the requirements of the Companies act, 2013. thus,
the amounts reported above are not distributable in entirety.
the Board of directors has recommended a final dividend of 110 % (2019: 125%) for the financial year 2019-20 ` 11.00 per share (2019:
` 12.50 per share) which is subject to the approval of the shareholders.
(ii) Includes balance of remeasurement of net defined benefit plans loss of ` 734.09 crore (2019: ` 707.12 crore).

17.8 Equity instruments through other comprehensive income
` in crore
Year ended Year ended
March 31, 2020 March 31, 2019
Balance at the beginning of the year 2,171.68 1,941.85
Changes in fair value of equity instruments at FVtoCI (net of tax) (603.66) 234.22
transfer to retained earnings - (4.39)
Balance at the end of the year 1,568.02 2,171.68
Footnote:
this reserve represents the cumulative gains and losses arising on the revaluation of equity instruments measured at fair value through
other comprehensive income, net of amounts reclassified to retained earnings when those assets have been disposed off.

275