242 Annual Report 2023-24 Atul Ltd (` cr) Particulars As at March 31, 2024 As at March 31, 2023 FVTPL FVTOCI Amortised cost FVTPL FVTOCI Amortised cost Derivative financial assets designated as hedges (net ) - - - - - - Finance lease receivables - - 5.98 - - 6.55 Cash and bank balances - - 72.30 - - 52.03 Other receivables - - 20.47 - - 22.05 Total financial assets 534.07 808.41 1,032.12 302.31 535.86 929.72 Financial liabilities Borrowings - - 231.85 - - 46.98 Trade payables - - 579.31 - - 538.51 Security deposits - - 39.13 - - 37.06 Derivative financial liabilities designated as hedges (net ) - 0.11 - - 0.54 - Employee benefits payable - - 57.47 - - 47.68 Creditors for capital goods - - 111.99 - - 118.59 Lease liabilities - - 4.70 - - 5.26 Other liabilities - - 10.87 - - 10.85 Total financial liabilities - 0.11 1,035.32 - 0.54 804.93 1Excludes equity investments in associate and joint venture companies which are carried at cost and hence are not required to be disclosed as per Ind AS 107 ‘Financial Instruments Disclosures’. 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 and b) measured at amortised cost and for which fair values are disclosed in the Consolidated Financial Statements. To provide an indication about the reliability of the inputs used in determining fair value, the Group 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 at FVTOCI: Quoted equity shares1 6.2 807.20 - - 807.20 Unquoted equity shares2 6.2 - - 1.21 1.21 Financial investments at FVTPL: Bond 6.2 94.35 - - 94.35 Alternate investment fund 6.2 13.32 - - 13.32 Mutual funds 6.3 - 426.40 - 426.40 Derivatives designated as hedges: Currency options 8 - - - - Total financial assets 914.87 426.40 1.21 1,342.48 Financial liabilities Derivatives designated as hedges: Currency options 17 - 0.11 - 0.11 Total financial liabilities - 0.11 - 0.11 Note 30.7 Fair value measurements (continued)
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