Atul Ltd 2017-18

145 Impact of hedging activities a) Disclosure of effects of hedge accounting on financial position: As at March 31, 2018 ( ` cr) Type of hedge and risks Notional value Carrying amount of hedging instrument Maturity (months) 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 ` : US$ Foreign exchange risk Foreign exchange forward contracts 6.01 – 0.07 – 1-12 66.18 0.07 (0.07) Currency range options – 24.22 – (0.02) 1-12 64.90-68.90 (0.02) 0.02 As at March 31, 2017 ( ` cr) Type of hedge and risks Notional value Carrying amount of hedging instrument Maturity (months) 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 ` : US$ Foreign exchange risk Foreign exchange forward contracts – 58.35 – (2.43) 1-12 68.06 (2.43) 2.43 Currency range options 49.60 – 1.70 – 1-12 67.98-73.20 1.70 (1.70) b) Disclosure of effects of hedge accounting on financial performance As at March 31, 2018 ( ` 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 Foreign exchange risk 0.05 – (0.73) Revenue and inventories Notes to the Financial Statements Note 27.8 Financial Risk Management (continued)