Page 318 - Tata Chemical Annual Report_2022-2023

Integrated Annual Report 2022-23 01-83 84-192 193-365
Integrated Report Statutory Reports Financial Statements
Consolidated

` in crore 18. Non-controlling interests ('NCI')
Year ended Year ended Subsidiaries that have non-controlling interests are listed below:
Particulars
March 31, 2023 March 31, 2022
17.4 General reserve Non-controlling interests share
Balance at the beginning of the year 1,522 1,522 Name Country of incorporation and operation As at As at
Balance at the end of the year 1,522 1,522 March 31, 2023 March 31, 2022
Footnote: Rallis India Limited ("Rallis") India 49.94% 49.94%
The general reserve represents amounts appropriated out of retained earnings based on the provisions of the Act prior to ALCAD** United States of America 50.00% 50.00%
its amendment. ** a general partnership formed under the laws of the State of Delaware (USA).
17.5 Foreign currency translation reserve
Balance at the beginning of the year 2,014 1,881 Movement of non-controlling interests
Changes during the year 445 133 ` in crore
Balance at the end of the year 2,459 2,014
Footnotes: Particulars Year ended Year ended
The Foreign currency translation reserve represents all exchange differences arising from translation of financial statements March 31, 2023 March 31, 2022
of foreign operations. Opening as at April 1 904 853
17.6 Retained earnings Add/(Less):
Balance at the beginning of the year 7,616 6,255 Profit for the year 117 147
Profit for the year 2,317 1,258 Dividends including tax on dividend (100) (96)
Remeasurement of defined employee benefit plans (net of tax) (33) 358 Closing as at March 31 921 904
Dividend (318) (255)
Balance at the end of the year(note 'ii') 9,582 7,616 Summarised financial information of Non-Controlling interests
Footnote: Note - i
(i) The amount that can be distributed by the holding company as dividends to its equity shareholders is determined based Rallis India Limited ("Rallis")
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. Movement of Non-controlling interest
` in crore
The Board of Directors of the Company has recommended a final dividend of 175 % (2022: 125%) for the financial year
2022-23 i.e. ` 17.50 per share (2022: ` 12.50 per share) which is subject to the approval of shareholder. Particulars Year ended Year ended
The Board of Directors of Rallis India Limited has recommended a final dividend of ` 2.50 for the financial year 2022-23 Opening carrying value as at April 1 March 31, 2023 March 31, 2022
852
904
(2022: ` 3.00 per share) which is subject to the approval of shareholder of Rallis India Limited.
NCI’s share of profit for the year 46 81
(ii) Includes balance of remeasurement of net loss on defined benefit plans of Rs. 316 crore (2022: Rs. 283 crore).
Dividend received for the year (29) (29)
(iii) Retained earnings represents net profits after distributions and transfers to other reserves. Closing carrying value as at March 31 921 904
17.7 Equity instruments through Other Comprehensive Income
Balance at the beginning of the year 4,422 2,791 Summarised statement of assets and liabilities
Changes in fair value of equity instruments at FVTOCI (net of tax) (72) 1,631 ` in crore
Balance at the end of the year 4,350 4,422 Particulars As at As at
Footnote: March 31, 2023 March 31, 2022
This reserve represents the cumulative gains and losses arising on the revaluation of equity instruments measured at fair Current assets 1,645 1,795
value through Other Comprehensive Income, net of amounts reclassified to retained earnings when those assets have been Non-current assets 1,153 1,064
disposed off. Current liabilities (988) (1,077)
17.8 Effective portion of cash flow hedges (note 42(c)) Non-current liabilities (79) (85)
Balance at the beginning of the year 838 1 Net assets 1,731 1,697
Changes during the year (871) 837 % Holding by the Non-controlling shareholders 49.94% 49.94%
Balance at the end of the year (33) 838 NCI share in carrying amount 864 847
Footnote: Add: Fair Value Adjustments for NCI (Ind-AS 103) 57 57
The effective portion of cash flow hedges represents the effective portion of the cumulative net change in the fair value of Carrying amount of the NCI 921 904
cash flow hedging instruments related to hedged transactions that have not yet occurred.

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