Atul Ltd 2017-18

Atul Ltd | Annual Report 2017-18 Note 29.8 Financial Risk Management (continued) 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 finance costs 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 Foreign exchange risk (0.73) – (0.89) Revenue and inventories finance costs Movements in cash flow hedging reserve ( ` cr) Risk category Foreign currency risk Derivative instruments As at March 31, 2018 As at March 31, 2017 Balance at the beginning of the year (0.48) (0.59) Gain | (Loss) recognised in Other Comprehensive Income during the year 0.05 (0.73) Amount reclassified to revenue during the year 0.48 0.59 Tax impact on above (0.02) 0.25 Balance at the end of the year 0.03 (0.48) Note 29.9 Capital Management The primary objective of Capital Management of the Group is to maximise Shareholder value. The Group monitors capital using Debt-Equity ratio which is total debt divided by total equity. For the purposes of Capital Management, the Group considers the following components of its Balance Sheet to manage capital: Total equity includes General reserves, Retained earnings, Share capital and Security premium. Total debt includes current debt plus non-current debt. ( ` cr) Particulars As at March 31, 2018 As at March 31, 2017 Total debt 15.91 167.69 Total equity 2,243.92 1,965.94 Debt-Equity ratio 0.01 0.09 Notes to the Consolidated Financial Statements