252 Atul Ltd | Annual Report 2022-23 Atul Ltd | Annual Report 2022-23 Atul Ltd Atul House G I Patel Marg Ahmedabad 380 014, Gujarat India Atul Ltd | Annual Report 2022-23 Reconnect | Reimagine | Regrow Corporate Overview Statutory Reports Financial Statements Reconciliation of loss allowance provision – trade receivables (` cr) Particulars Loss allowance on trade receivables Loss allowance as on March 31, 2021 12.16 Changes in loss allowance 0.57 Loss allowance as on March 31, 2022 12.73 Changes in loss allowance 3.70 Loss allowance as on March 31, 2023 16.43 Other financial assets The Group maintains exposure in cash and cash equivalents, term deposits with banks, investments in government securities, mutual funds, bonds and loans to subsidiary companies. It has a diversified portfolio of investment with various number of counterparties that have secure credit ratings, hence the risk is reduced. Individual risk limits are set for each counterparty based on financial position, credit rating and past experience. Credit limits and concentration of exposures are actively monitored by its Treasury department. Impact of hedging activities a) Disclosure of effects of hedge accounting on financial position As at March 31, 2023 (` 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 Change 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 124.08 - - 0.54 1-12 79.7584.22 (0.54) 0.54 As at March 31, 2022 (` 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 Change 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 221.66 - 0.50 - 1-12 75.7180.09 0.50 (0.50) Note 30.8 Financial risk management (continued)
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