168 Annual Report 2023-24 Atul Ltd a) Fair value hierarchy This section explains the judgements and estimates made in determining the fair values of the financial instruments that are, a) recognised and measured at fair value, b) measured at amortised cost and for which fair values are disclosed in the Standalone Financial Statements. To provide an indication about the reliability of the inputs used in determining fair value, the Company has classified its financial instruments into the three levels prescribed in the Indian Accounting Standard. An explanation of each level follows underneath the table: (` cr) i) Financial assets and liabilities measured at fair value as at March 31, 2024 Note Level 1 Level 2 Level 3 Total Financial assets Financial investments measured at FVTOCI: Quoted equity shares1 5.2 800.97 - - 800.97 Unquoted equity shares2 5.2 - - 0.79 0.79 Financial investments measured at FVTPL: Bond 5.2 94.35 - - 94.35 Mutual funds 5.3 - 410.41 - 410.41 Total financial assets 895.32 410.41 0.79 1,306.52 Financial liabilities Derivatives designated as hedges: Currency options 15 - 0.11 - 0.11 Total financial liabilities - 0.11 - 0.11 (` cr) ii) Financial assets and liabilities measured at fair value as at March 31, 2023 Note Level 1 Level 2 Level 3 Total Financial assets Financial investments measured at FVTOCI: Quoted equity shares1 5.2 529.32 - - 529.32 Unquoted equity shares2 5.2 - - 0.79 0.79 Financial investments measured at FVTPL: Bond 5.2 112.74 - - 112.74 Mutual funds 5.2 - 172.42 - 172.42 Derivatives designated as hedges: Currency options 7 - - - - Total financial assets 642.06 172.42 0.79 815.27 Financial liabilities Derivatives designated as hedges: Currency options 15 - 0.54 - 0.54 Total financial liabilities - 0.54 - 0.54 1Excludes investments (in equity shares) in subsidiary, joint venture and associate companies | entities which are carried at cost and hence are not required to be disclosed as per Ind AS 107 “Financial Instruments Disclosures”. 2Includes investments in BEIL Infrastructure Ltd and Narmada Clean Tech which are for operation purpose and the Company has to hold it till the production site continues. The Company estimates that the fair value of these investments are not materially different as compared to its cost. Note 29.7 Fair value measurements (continued)
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