253 Note 30.8 Financial risk management (continued) b) Disclosure of effects of hedge accounting on financial performance As at March 31, 2023 (` cr) Type of hedge Change 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 Statements line item affected Cash flow hedge Foreign exchange risk (0.54) - 0.50 Trade receivables and payables As at March 31, 2022 (` cr) Type of hedge Changes in the value of the hedging instrument recognised in other comprehensive income Hedge ineffectiveness recognised in profit or los Amount reclassified from cash flow hedging reserve to profit or loss Financial Statements line item affected Cash flow hedge Foreign exchange risk 0.50 - 0.60 Trade receivables and payables Movements in cash flow hedging reserve (` cr) Risk category Foreign currency risk Derivative instruments As at March 31, 2023 As at March 31, 2022 Balance at the beginning of the year 0.20 0.43 Gain | (loss) recognised in other comprehensive income during the year (0.54) 0.50 Amount reclassified to revenue during the year (0.48) (0.60) Tax impact on above 0.14 (0.13) Balance at the end of the year (0.68) 0.20 Note 30.9 Capital management The primary objective of capital management of the Group is to maximise shareholder value. The Group monitors capital using debt-equity ratio, which is total debt divided by total equity. For the purpose of capital management, the Group considers the following components of its Consolidated Balance Sheet to manage capital: Total equity includes general reserve, retained earnings and share capital. Total debt includes current debt plus non-current debt. Particulars As at March 31, 2023 As at March 31, 2022 Total debt 46.98 138.38 Total equity 4,671.38 4,428.96 Debt-equity ratio (%) 1.00% 3.12%
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