ASIAN HOTELS AND PROPERTIES PLC AnnuAl RepoRt 2012/13

STATEMENT OF CHANGES IN EQUITYPASSIONASIAN HOTELS AND PROPERTIES PLCAnnual Report 2012 /13130GroupStated Revaluation General Retained Total Minority TotalCapital Reserve Reserve Earnings Interest EquityRs.’000 Rs.’000 Rs.’000 Rs.’000 Rs.’000 Rs.’000 Rs.’000As at 31st March, 2011 3,345,117 5,179,592 85,000 5,109,517 13,719,226 2,783,930 16,503,156Impact on application of new accounting standards - - - (369) (369) (481) (850)As at 01st April, 2011 3,345,117 5,179,592 85,000 5,109,148 13,718,857 2,783,449 16,502,306Profit for the year - - - 2,148,877 2,148,877 353,581 2,502,458Other Comprehensive Income - (3,184) - - (3,184) (4,151) (7,335)Total Comprehensive Income - (3,184) - 2,148,877 2,145,693 349,430 2,495,123Transferred to Revenue Reserve (Note a) - (18,458) - 18,458 - - -Transferred to Revenue Reserve (Note b) - (14,757) - 14,757 - - -Final Dividend Paid - 2010/2011 - - - (442,775) (442,775) - (442,775)Interim Dividend Paid - 2011/2012 - - - (442,775) (442,775) - (442,775)Subsidiary Dividend to Minority Shareholders - - - - - (169,770) (169,770)As at 31st March, 2012 3,345,117 5,143,193 85,000 6,405,690 14,979,000 2,963,109 17,942,109Profit for the year 2012/2013 - - - 2,494,296 2,494,296 603,090 3,097,386Other Comprehensive Income - 5,995,272 - - 5,995,272 199,033 6,194,305Total Comprehensive Income - 5,995,272 - 2,494,296 8,489,568 802,123 9,291,691Transferred to Revenue Reserve (Note a) - (13,418) - 13,418 - - -Transferred to Revenue Reserve (Note b) - (14,757) - 14,757 - - -Final Dividend Paid - 2011/2012 - - - (1,328,326) (1,328,326) - (1,328,326)Interim Dividend - 2012/2013 - - - (442,775) (442,775) - (442,775)Subsidiary Dividend to Minority Shareholders - 2011/2012 - - - - - (226,360) (226,360)Subsidiary Dividend to Minority Shareholders - 2012/2013 - - - - - (113,180) (113,180)As at 31st March, 2013 3,345,117 11,110,290 85,000 7,157,061 21,697,468 3,425,691 25,123,159Note (a) According to the Sri Lanka Accounting Standard - 16 “Property, Plant and Equipment”, the Revaluation Surplus included in the Equity can be transferred to RetainedEarnings when the surplus is realised. Accordingly, the surplus realised amounting to Rs.13.41 Mn (Rs.18.45 Mn in 2012) has been transferred directly to Retained Earningsas at the Balance Sheet date.Note (b) According to the Sri Lanka Accounting Standard - 16 “Property, Plant and Equipment”, when the revalued asset is used by an entity, the difference betweendepreciation based on the revalued carrying amount of the asset and depreciation based on the assets the original cost is transferred from revaluation surplus to retainedearnings amounting Rs.14.75Mn. (Rs.14.75 Mn in 2012).Company Stated Revaluation General Retained TotalCapital Reserve Reserve Earnings EquityRs.’000 Rs.’000 Rs.’000 Rs.’000 Rs.’000As at 01st April, 2011 3,345,117 4,791,408 85,000 4,022,205 12,243,730Profit for the year 2,007,881 2,007,881Other Comprehensive IncomeTotal Comprehensive Income - - - 2,007,881 2,007,881Transferred to Revenue Reserve (Note a) - (18,458) - 18,458 -Final Dividend Paid - 2010/2011 - - - (442,775) (442,775)Interim Dividend - 2011/2012 - - - (442,775) (442,775)As at 31st March, 2012 3,345,117 4,772,950 85,000 5,162,994 13,366,061Profit for the year 2012/2013 2,292,137 2,292,137Other Comprehensive Income 5,842,595 5,842,595Total Comprehensive Income - 5,842,595 - 2,292,137 8,134,732Transferred to Revenue Reserve (Note a) - (13,418) - 13,418 -Final Dividend Paid - 2011/2012 - - - (1,328,326) (1,328,326)Interim Dividend - 2012/2013 - - - (442,775) (442,775)As at 31st March, 2013 3,345,117 10,602,127 85,000 5,697,448 19,729,692Note (a) According to the Sri Lanka Accounting Standard - 16 “Property, Plant and Equipment”, the Revaluation surplus included in the Equity can be transferred to RetainedEarnings when the Surplus is realised. Accordingly, the surplus realised amounting to Rs.13.41 Mn (Rs.18.45 Mn in 2012) has been transferred directly to Retained Earningsas at the Balance Sheet date. (Refer Note 28 on page 149 for details).The accounting policies and notes as set out in pages 131 to 166 form an integral part of these Financial Statements.