Corporate Overview Statutory Reports Financial Statements 245 a) Management of liquidity risk The principal sources of liquidity of the Group are cash and cash equivalents, investment in mutual funds, borrowings and the cash flow that is generated from operations. It believes that the current cash and cash equivalents, tied-up borrowing lines and cash flow that are generated from operations are sufficient to meet requirements. Accordingly, liquidity risk is perceived to be low. The following table shows the maturity analysis of financial liabilities of the Group based on contractually agreed undiscounted cash flows as at the Consolidated Balance Sheet date: (` cr) As at March 31, 2024 Note Carrying amount Less than 12 months More than 12 months Total Borrowings 16 231.85 22.55 209.30 231.85 Trade payables 20 579.31 579.31 - 579.31 Security and other deposits 17 39.13 39.13 - 39.13 Employee benefits payable 17 57.47 57.47 - 57.47 Creditors for capital goods 17 111.99 111.99 - 111.99 Lease liabilities 30.12 4.70 - 4.70 4.70 Other liabilities 17 10.87 6.65 4.22 10.87 Derivatives (settlement on net basis) 17 0.11 0.11 - 0.11 As at March 31, 2023 Note Carrying amount Less than 12 months More than 12 months Total Borrowings 16 46.98 18.27 28.71 46.98 Trade payables 20 538.51 538.51 - 538.51 Security and other deposits 17 37.06 37.06 - 37.06 Employee benefits payable 17 47.68 47.08 0.60 47.68 Creditors for capital goods 17 118.59 118.59 - 118.59 Lease liabilities 30.12 5.26 - 5.26 5.26 Other liabilities 17 10.85 6.86 3.99 10.85 Derivatives (settlement on net basis) 17 0.54 0.54 - 0.54 b) Management of market risk The size and operations of the Group expose it to the following market risks that arise from its use of financial instruments: i) price risk ii) interest rate risk iii) foreign exchange risk The above risks may affect income and expenses or the value of its financial instruments. Its objective for market risk is to maintain this risk within acceptable parameters while optimising returns. The exposure to these risks and the management of these risks are explained as follows: : Note 30.8 Financial risk management (continued)
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