Atul Ltd 2019-20

209 Consolidated | Notes to the Financial Statements ( ` cr) Particulars As at March 31, 2020 As at March 31, 2019 FVPL FVOCI Amortised cost FVPL FVOCI Amortised cost Financial liabilities Borrowings - - 108.47 - - 54.75 Trade payables - - 477.63 - - 379.63 Security deposits - - 28.10 - - 25.42 Derivative financial liabilities designated as hedges (net ) - 1.62 - - - - Employee benefits payable - - 59.54 - - 49.53 Creditors for capital goods - - 57.46 - - 81.78 Lease liabilities - - 6.71 - - - Other liabilities (includes discount payables) - - 13.00 - - 7.70 Total financial liabilities - 1.62 750.91 - - 598.81 a) Fair value hierarchy This section explains the judgements and estimates made in determining the fair values of the financial instruments that are a) recognised and measured at fair value and b) measured at amortised cost and for which fair values are disclosed in the Consolidated Financial Statements. To provide an indication about the reliability of the inputs used in determining fair value, the Group has classified its financial instruments into the three levels prescribed in the Indian Accounting Standard. An explanation of each level follows underneath the table: ( ` cr) i) Financial assets and liabilities measured at fair value as at March 31, 2020 Note Level 1 Level 2 Level 3 Total Financial assets Financial investments at FVPL: Mutual funds 6.3 - 651.69 - 651.69 Financial investments at FVOCI: Quoted equity shares 6.2 466.27 - - 466.27 Unquoted equity shares 1 6.2 - - 0.81 0.81 Total financial assets 466.27 651.69 0.81 1,118.77 Financial liabilities Derivatives designated as hedges: Currency options 17 - 1.62 - 1.62 Biological assets Tissue culture raised date palms - - 27.90 27.90 Total biological assets - - 27.90 27.90 Note 29.7 Fair value measurements (continued)