Notes on the financial statements
(
`
in crores)
As at
31 March 2016
As at
31 March 2015
Capital Redemption Reserve
As per last Balance Sheet
5.00
5.00
Securities Premium Account
As per last Balance Sheet
163.06
63.84
Add : Amount received on issue of shares
0.00
99.22
163.06
163.06
Employee Stock Option Outstanding
Amount for the year (Refer Note 37)
0.17
0.00
General Reserve
As per last balance sheet
185.37
146.03
Less: Amount withdrawn from reserve
0.00
(0.66)
Add : Transferred During the Year
60.00
40.00
245.37
185.37
Surplus
As per last balance sheet
352.81
262.60
Add : Net Profit tfrd from Statement of Profit & Loss
234.89
168.36
Less : Proposed Dividend on Equity Shares
39.74
31.79
[Dividend per share
`
5 (Previous year
`
4/- per share)]
Less : Corporate Dividend Tax
8.09
6.36
Less : Transfer to General Reserve
60.00
40.00
479.87
352.81
893.47
706.24
3. RESERVES AND SURPLUS
(
`
in crores)
As at
31 March 2016
As at
31 March 2015
Deferred Tax Liability
On Depreciation on fixed assets
83.97
72.33
Deferred Tax Assets
On disallowances under Income Tax Act
2.77
2.79
81.20
69.54
NOTE : refer Note 39 for details
5. DEFERRED TAX LIABILITY (NET)
(
`
in crores)
As at
31 March 2016
As at
31 March 2015
A. RUPEE TERM LOANS
SECURED
From Financial Institutions (Interest Free)
5.19
0.00
Vehicle Loan from banks
0.28
1.23
5.47
1.23
4. LONG-TERM BORROWINGS
NOTES :
1 Interest Free Term loan from a state financial institution is secured against first charge on part of factory land and building of the
company at Sikandrabad, Uttar Pradesh. The loan is repayable in one instalment after seven years from the date of disbursement.
2 Vehicle Loans are secured against respective assets financed. Rate of interest of these loans ranges from 9.50% to 10.50% p.a..
Repayment of vehicle loans are according to the respective loan agreement executed with the lender.
3 There is no default in repayment of principle or interest on any of the loans during the year.
112
Kajaria Ceramics Limited
