Atul Ltd 2019-20

211 Consolidated | Notes to the Financial Statements Note 29.7 Fair value measurements (continued) d) Fair value of financial assets and liabilities measured at amortised cost ( ` cr) Particulars As at March 31, 2020 As at March 31, 2019 Carrying amount | Fair value Carrying amount | Fair value Financial assets Investments: Government securities 0.01 0.01 Investment in National Highways Authority of India bonds - 0.10 Security deposits for utilities and premises 3.00 2.47 Total financial assets 3.01 2.58 Financial Liabilities Borrowings 108.47 54.75 Security deposits 28.10 25.42 Lease liabilities 6.71 - Total financial liabilities 143.28 80.17 The carrying amounts of trade receivables, cash and cash equivalents, other bank balances, dividend receivables, other receivables, trade payables, capital creditors, other liabilities are considered to be the same as their fair values due to the current and short-term nature of such balances. The fair values of non-current borrowings are based on discounted cash flows using a current borrowing rate. They are classified as level 3 fair values in the fair value hierarchy due to the use of unobservable inputs, including own credit risk. For financial assets and liabilities that are measured at fair value, the carrying amounts are equal to the fair values.