241 Statutory Reports 24 - 109 Financial Statements 110 - 263 Corporate Overview 01 - 23 Note 29.6 Employee benefit obligations (continued) b) Defined contribution plans Provident and other funds Amount of ` 17.19 cr (March 31, 2021: ` 15.48 cr) {net of ` 0.06 cr (March 31, 2021: ` 0.17 cr) from the Pradhan Mantri Rojgar Protsahan Yojana} is recognised as an expense and included in Note 26 ‘Contribution to provident and other funds’. Compensated absences Amount of ` 8.83 cr (March 31, 2021 : ` 8.38 cr) is recognised as expense and included in Note 26 ‘Salaries, wages and bonus’. c) The Parliament of India has approved the Code on Social Security, 2020 (the Code), which may impact the contributions by the Company towards provident fund, gratuity and ESIC. The Ministry of Labour and Employment, Government of India has released draft rules for the Code on November 13, 2020. Final rules are yet to be notified. The Company will assess the impact of the Code when it comes into effect and will record related impact, if any. Note 29.7 Fair value measurements Financial instruments by category (` cr) Particulars As at March 31, 2022 As at March 31, 2021 FVTPL FVTOCI Amortised cost FVTPL FVTOCI Amortised cost Financial assets Investments: Equity instruments - 647.38 - - 581.02 - Mutual funds 550.08 - - 740.30 - - Government securities - - 0.01 - - 0.01 Bonds 113.12 - - 15.40 - - Trade receivables - - 989.01 - - 733.23 Loans - - 3.61 - - 3.85 Security deposits for utilities and premises - - 2.91 - - 2.67 Interest | Dividend receivable - - 0.47 - - - Derivative financial assets designated as hedges (net ) - 0.50 - - 0.60 - Finance lease receivables - - 6.89 - - 3.58 Cash and bank balances - - 68.92 - - 348.18 Other receivables - - 14.46 - - 13.97 Total financial assets 663.20 647.88 1,086.28 755.70 581.62 1,105.49 Financial liabilities Borrowings - - 138.38 - - 126.67 Trade payables - - 634.73 - - 563.13 Security deposits - - 31.95 - - 30.94 Employee benefits payable - - 63.56 - - 59.08 Creditors for capital goods - - 79.27 - - 39.34 Lease liabilities - - 5.79 - - 6.26 Other liabilities - - 10.26 - - 9.76 Total financial liabilities - - 963.94 - - 835.18
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