Atul Ltd 2016-17

Atul Ltd | Annual Report 2016-17 The assumptions used in determining the present value of obligation of the interest rate guarantee under deterministic approach are: Particulars 2016-17 2015-16 i) Mortality rate (2006-08) ultimate table Indian Assured Lives Mortality (2006-08) ultimate Indian Assured Lives Mortality (2006-08) ultimate ii) Withdrawal rates 6% pa for all age groups 5% pa for all age groups iii) Rate of discount 7.22% 7.80% iv) Expected rate of interest 8.65% 8.80% v) Retirement age 60 years 60 years vi) Guaranteed rate of interest 8.65% 8.80% d) Compensated absences amount of ` 5.99 cr (March 31, 2016: ` 3.39 cr) is recognised as expense and included in the Note 24 'Salaries, wages and bonus'. Note 27.7 Fair value measurements Financial instruments by category ( ` cr) Particulars As at March 31, 2017 As at March 31, 2016 As at April 01, 2015 FVPL FVOCI Amortised cost FVPL FVOCI Amortised cost FVPL FVOCI Amortised cost Financial assets Investments: Equity instruments – 414.27 – – 337.69 – – 376.12 – Preference shares – – 7.10 – – 6.43 2.40 – 5.81 Government securities – – 0.01 – – 0.01 – – 0.01 Trade receivables – – 507.06 – – 420.12 – – 439.19 Loans – – 12.19 – – 13.67 – – 12.18 Security deposits for utilities and premises – – 3.27 – – 3.46 – – 3.59 Dividend receivable 15.93 0.09 – Derivative financial assets designated as hedges 1.70 0.44 0.28 Finance lease receivable – – 1.38 – – 1.29 – – 1.42 Cash and bank balances – – 7.21 – – 5.32 – – 6.40 Other receivables – – 7.47 – – 6.67 – – 7.52 Total financial assets – 415.97 561.62 – 338.13 457.06 2.40 376.40 476.12 Financial liabilities Borrowings – – 155.23 – – 301.67 – – 278.66 Trade payables – – 329.06 – – 294.19 – – 264.89 Security deposits – – 19.30 – – 18.51 – – 14.93 Derivative financial liabilities designated as hedges – 2.43 – – 1.34 – – 0.56 – Derivative financial liabilities not designated as hedges 5.07 – – 2.23 – – – – – Capital creditors – – 18.38 – – 17.95 – – 8.82 Other liabilities (Includes discount payables) – – 8.79 – – 12.56 – – 14.15 Total financial liabilities 5.07 2.43 530.76 2.23 1.34 644.88 – 0.56 581.45 Notes to the Financial Statements