Annexure VII: Notes to restated consolidated financial information
(All amounts are in INR Millions unless otherwise stated)
(ii) Retained Earnings

Opening balance 4,903.39 4,526.28 3,573.94 3,275.59
Profit for the year 505.78 410.89 969.64 312.87
Items of other comprehensive income recognised directly in retained
- Remeasurements of defined benefit obligation (net of tax) (14.59) 26.86 (5.20) (7.56)

Dividend (including dividend distribution tax) _ (60.64) (12.10) (6.96)
‘Transfer from retained earnings

Closing balance 5,394.58 4,903.39 4,526.28 3,573.94
(iii) Cash Flow Hedging Reserve

Opening balance (166.06) (152.27) (68.82) (31.97)
Changes in fair value of hedging instruments 51.85 (21.20) (128.27) (56.64)
Deferred Tax (18.12) TAL 44.82 19.79
Closing Balance (132.33) (166.06) (152.27) (68.82)
(iv) Equity instruments through Other Comprehensive Income

Opening balance (21.10) (9.47) (7.82) (6.24)
Changes in fair value of FVOCI equity instruments (11.00) (11.63) (1.65) (1.58)
Closing Balance (32.10) (21.10) (9.47) (7.82)
(v) Foreign Currency Translation Reserve

Opening balance 14.47 9.64 14.95 28.31
Exchange differences in translating the financial statements of
foreign operations 12.33 4.83 (5.31) (13.36)
Closing Balance 26.80 14.47 9.64 14.95
(vi) Share of profit from JV

Opening balance 11.92 12.06 7.98 5.43
Share of current period / year profits in Joint Venture 0.82 (0.16) 4.03 2.47
Share of other comprehensive income in Joint Venture 0.07 0.03 0.06 0.07
Closing Balance 12.81 11.92 12.06 7.98

Refer "Statement of Changes in Equity" for additions/deletions in each of these items

A. Securities Premium represents premium received on equity shares issued, which can be utilised only in accordance with the provisions of the
Companies Act 2013 for specified purposes.

B. General reserve is created from time to time by transferring profits from retained earnings and can be utilised for purposes such as dividend
pay-out, bonus issue, etc.

C. Retained Earnings includes Rs 554.23 million of revaluation reserve created due to Land revaluation on transition date to Ind AS (01.04.2015),
which will not be available for distribution of profits

D. Cash flow hedge reserve represents the cumulative effective portion of gains or losses arising on changes in fair value of hedging instruments
entered into for cash flow hedges. The cumulative gain or loss arising on changes in fair value of the hedging instruments that are recognised and
accumulated in this reserve are reclassified to profit or loss only when the hedged transaction affects the profit or loss.

E. The amount that can be distributed by the Company as dividends to its equity shareholders is determined considering the requirements of the
Companies Act, 2013 and the dividend distribution policy of the Company. Thus, the amount reported in General Reserve is not entirely
distributable.

20 Borrowings (Non-Current)

Particulars As at December 312020 As at March 31 2020 As at March 31 2019 As at March 31 2018

Non-Current Current Non-Current Current Non-Current’ Current Non-Current Current

Secured

From Banks

Rupee ‘Term Loans 1,627.15 721.38 2,473.63 490.30 2,378.42 725.49 1,815.13 549.66
Foreign Currency Term Loans 2,822.27 1,086.31 3,136.89 790.64 3,614.13 635.98 2,085.15 830.52
4,449.42 1,807.69 5,610.52 1,280.94 5,992.55 1,361.47 3,900.28 1,380.18

From NBFC
Rupee Term Loans 901.40 175.70 1,072.30 m 939.46 209.01 403.02 62.50
901.40 175.70 1,072.30 “i 939.46 209.01 403.02 62.50
Total 5,350.82 1,983.39 6,682.82 1,280.94 6,932.01 1,570.48 4,303.30 1,442.68

Notes:

1. These are carried at amortised cost.

AsatDecember AsatMarch31  AsatMarch31 As at March 31

Barticulars 312020 2020 2019 2018

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