Atul Ltd 2020-21

215 Statutory Report 22 - 87 Financial Statements 88 - 229 Corporate Overview 01 - 21 Note 29.8 Financial risk management (continued) As at March 31, 2020 ( ` 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 Changes 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 Currency range options 289.07 - - 1.62 1-12 73.05-75.36 (1.62) 1.62 b) Disclosure of effects of hedge accounting on financial performance As at March 31, 2021 ( ` cr) Type of hedge Changes 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 0.60 - (1.62) Trade receivables and payables As at March 31, 2020 ( ` cr) Type of hedge Changes 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 (1.62) - 1.22 Trade receivables and payables Movements in cash flow hedging reserve ( ` cr) Risk category Foreign currency risk Derivative instruments As at March 31, 2021 As at March 31, 2020 Balance at the beginning of the year (1.64) 0.79 Gain | (Loss) recognised in other comprehensive income during the year 0.60 (1.62) Amount reclassified to revenue during the year 1.62 (1.22) Tax impact on above (0.15) 0.41 Balance at the end of the year 0.43 (1.64)