Atul Ltd 2016-17

205 As at April 01, 2015 ( ` cr) Type of hedge and risks Notional value Carrying amount of hedging instrument Maturity Weighted average strike price| interest rate Changes in fair value of hedging instrument Change in the value of hedged item used as the basis for recognising hedge effectiveness Assets Liabilities Assets Liabilities Cash flow hedge ` : USD $ Foreign exchange risk Foreign exchange forward contracts 4.38 12.55 0.01 (0.45) 1-12 months 65.02 (0.44) (0.44) Currency range options 162.74 – 0.27 – 1-12 months 63.26- 68.47 0.27 0.27 Interest rate risk Interest rate swaps – 15.62 – (0.11) 1-15 months 3.91 (0.11) (0.11) b) Disclosure of effects of hedge accounting on financial performance As at March 31, 2017 ( ` cr) Type of hedge Change in the value of the hedging instrument recognised in Other Comprehensive Income Hedge ineffectiveness recognised in profit or loss Amount reclassified from cash flow hedging reserve to profit or loss Financial Statement line item affected Cash flow hedge i) Foreign exchange risk (0.73) – (0.89) Revenue and finance cost As at March 31, 2016 ( ` cr) Type of hedge Change in the value of the hedging instrument recognised in Other Comprehensive Income Hedge ineffectiveness recognised in profit or loss Amount reclassified from cash flow hedging reserve to profit or loss Financial Statement line item affected Cash flow hedge i) Foreign exchange risk (0.89) – (0.17) Revenue and finance cost ii) Interest rate risk (0.01) – (0.11) Revenue and finance cost Notes to the Consolidated Financial Statements