Atul Ltd 2016-17

199 Note 29.7 Fair value measurements (continued) ( ` cr) v) Assets and liabilities measured at fair value – recurring fair value measurements at April 01, 2015 Note Level 1 Level 2 Level 3 Total Financial assets Financial investment at FVPL: Mutual funds 11 2.66 – – 2.66 Financial investments at FVOCI: Quoted equity instruments 6 376.37 – – 376.37 Unquoted equity instruments 6 – – 0.03 0.03 Derivatives designated as hedges: Foreign exchange forward contracts – 0.01 – 0.01 Currency options – 0.27 – 0.27 Total financial assets 379.03 0.28 0.03 379.34 Financial liabilities Derivatives designated as hedges: Foreign exchange forward contracts – 0.45 – 0.45 Interest rate swaps – 0.11 – 0.11 Total financial liabilities – 0.56 – 0.56 Biological assets Tissue culture raised date palms – 7.24 – 7.24 Total biological assets – 7.24 – 7.24 ( ` cr) vi) Assets and liabilities for which fair values are disclosed at April 01, 2015 Note Level 1 Level 2 Level 3 Total Financial assets Investments: Preference shares 6 5.81 5.81 Government securities 6 0.01 – – 0.01 Loans 7 – – 7.88 7.88 Security deposits for utilities and premises 8 – – 1.49 1.49 Total financial assets 0.01 – 15.18 15.19 Financial liabilities Borrowings 17 – – 293.08 293.08 Security deposits 18 – – 17.74 17.74 Total financial liabilities – – 310.82 310.82 Investment properties 3 – – 130.00 130.00 There were no transfers between any levels during the year. Notes to the Consolidated Financial Statements