Atul Ltd 2017-18

Atul Ltd | Annual Report 2017-18 Note 29.7 Fair value measurements (continued) ( ` cr) iii) Assets and liabilities measured at fair value - recurring fair value measurements at March 31, 2017 Note Level 1 Level 2 Level 3 Total Financial assets Financial investments at FVPL: Mutual funds 11 2.92 – – 2.92 Financial investments at FVOCI: Quoted equity shares 6 415.10 – – 415.10 Unquoted equity shares 1 6 – – 0.81 0.81 Derivatives designated as hedges: Currency options – 1.70 – 1.70 Total financial assets 418.02 1.70 0.81 420.53 Financial liabilities Derivatives designated as hedges: Foreign exchange forward contracts – 2.43 – 2.43 Derivatives not designated as hedges: Currency swaps – 5.07 – 5.07 Total financial liabilities – 7.50 – 7.50 Biological assets Tissue culture raised date palms – 21.09 – 21.09 Total biological assets – 21.09 – 21.09 ( ` cr) iv) Assets and liabilities for which fair values are disclosed at March 31, 2017 Note Level 1 Level 2 Level 3 Total Financial assets Investments: Government securities 6 0.01 – – 0.01 NHAI bonds 6 0.10 – – 0.10 Security deposits for utilities and premises 8 – – 1.59 1.59 Total financial assets 0.11 – 1.59 1.70 Financial liabilities Borrowings 17 – – 167.26 167.26 Security deposits 18 – – 21.92 21.92 Total financial liabilities – – 189.18 189.18 Investment properties 3 – – 134.00 134.00 ¹ Includes investment in Bharuch Enviro Infrastructure Ltd (91,000 equity shares) and Narmada Clean Tech Ltd (7,15,272 equity shares) which are for operation purposes and the Company expects its refund on exit. The Company estimates that the fair value of these investments is not materially different as compared to its cost. There were no transfers between any levels during the year. Notes to the Consolidated Financial Statements