Atul Ltd 2016-17

Atul Ltd | Annual Report 2016-17 Note 29.7 Fair value measurements (continued) ( ` cr) iii) Assets and liabilities measured at fair value - recurring fair value measurements at March 31, 2016 Note Level 1 Level 2 Level 3 Total Financial assets Financial Investment at FVPL: Mutual funds 11 2.05 – – 2.05 Financial Investments at FVOCI: Quoted equity instruments 6 337.78 – – 337.78 Derivatives designated as hedges: Currency options – 0.44 – 0.44 Total financial assets 339.83 0.44 – 340.27 Financial liabilities Derivatives designated as hedges: Foreign exchange forward contracts – 1.33 – 1.33 Interest rate swaps – 0.01 – 0.01 Derivatives not designated as hedges: Forward contract to hedge buyers credit 0.23 0.23 Currency swaps 2.00 2.00 Total financial liabilities – 3.57 – 3.57 Biological assets Tissue culture raised date palms – 8.49 – 8.49 Total biological assets – 8.49 – 8.49 ( ` cr) iv) Assets and liabilities for which fair values are disclosed at March 31, 2016 Note Level 1 Level 2 Level 3 Total Financial assets Investments: Preference shares 6 – – 6.43 6.43 Government securities 6 0.01 – – 0.01 Loans 7 – – 9.40 9.40 Security deposits for utilities and premises 8 – – 1.39 1.39 Total financial assets 0.01 – 17.22 17.23 Financial liabilities Borrowings 17 – – 314.20 314.20 Security deposits 18 – – 21.32 21.32 Total financial liabilities – – 335.52 335.52 Investment properties 3 – – 145.00 145.00 Notes to the Consolidated Financial Statements