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ƭȴ 'ĚƑĿDŽîƥĿDŽĚƙ îŠē ĺĚēijĿŠij îČƥĿDŽĿƥĿĚƙȠ
¹ĺĚ HƑūƭƎ ĺūŕēƙ ēĚƑĿDŽîƥĿDŽĚ ǛŠîŠČĿîŕ ĿŠƙƥƑƭŞĚŠƥƙ ƙƭČĺ îƙ ljūƑĚĿijŠ ĚNJČĺîŠijĚ ljūƑDžîƑēȡ ĿŠƥĚƑĚƙƥ ƑîƥĚ ƙDžîƎƙȡ ČƭƑƑĚŠČNj ƙDžîƎƙ
îŠē ČƭƑƑĚŠČNj ūƎƥĿūŠƙ ƥū ŞĿƥĿijîƥĚ ƥĺĚ ƑĿƙŒ ūlj ČĺîŠijĚƙ ĿŠ ĚNJČĺîŠijĚ ƑîƥĚƙ ūŠ ljūƑĚĿijŠ ČƭƑƑĚŠČNj ĚNJƎūƙƭƑĚƙ ūƑ ĿŠƥĚƑĚƙƥ ƑîƥĚȦ ¹ĺĚ
counterparty for these contracts is generally a bank.
Ŀȴ
GĿŠîŠČĿîŕ îƙƙĚƥƙ ūƑ ǛŠîŠČĿîŕ ŕĿîċĿŕĿƥĿĚƙȡ îƥ ljîĿƑ DŽîŕƭĚ ƥĺƑūƭijĺ ƎƑūǛƥ ūƑ ŕūƙƙ
¹ĺĿƙ ČîƥĚijūƑNj ĺîƙ ēĚƑĿDŽîƥĿDŽĚ ǛŠîŠČĿîŕ îƙƙĚƥƙ ūƑ ŕĿîċĿŕĿƥĿĚƙ DžĺĿČĺ îƑĚ Šūƥ ēĚƙĿijŠîƥĚē îƙ ĺĚēijĚƙȦ
Although the Group believes that these derivatives constitute hedges from an economic perspective, they may not
qualify for hedge accounting under Ind AS 109, Financial Instruments. Any derivative that is either not designated a
ĺĚēijĚȡ ūƑ Ŀƙ ƙū ēĚƙĿijŠîƥĚē ċƭƥ Ŀƙ ĿŠĚljljĚČƥĿDŽĚ îƙ ƎĚƑ TŠē ¬ ǧǦǯȡ Ŀƙ ČîƥĚijūƑĿƙĚē îƙ î ǛŠîŠČĿîŕ îƙƙĚƥ ūƑ ǛŠîŠČĿîŕ ŕĿîċĿŕĿƥNjȡ
îƥ ljîĿƑ DŽîŕƭĚ ƥĺƑūƭijĺ ƎƑūǛƥ ūƑ ŕūƙƙȦ
Derivatives not designated as hedges are recognised initially at fair value and attributable transaction costs are
ƑĚČūijŠĿƙĚē ĿŠ ŠĚƥ ƎƑūǛƥ ĿŠ ƥĺĚ ūŠƙūŕĿēîƥĚē ¬ƥîƥĚŞĚŠƥ ūlj ¡ƑūǛƥ îŠē gūƙƙ DžĺĚŠ ĿŠČƭƑƑĚēȦ ¬ƭċƙĚƐƭĚŠƥ ƥū ĿŠĿƥĿîŕ
ƑĚČūijŠĿƥĿūŠȡ ƥĺĚƙĚ ēĚƑĿDŽîƥĿDŽĚƙ îƑĚ ŞĚîƙƭƑĚē îƥ ljîĿƑ DŽîŕƭĚ ƥĺƑūƭijĺ ƎƑūǛƥ ūƑ ŕūƙƙ îŠē ƥĺĚ ƑĚƙƭŕƥĿŠij ĚNJČĺîŠijĚ ijîĿŠƙ
or losses are included in other income. Assets | liabilities in this category are presented as current assets | current
ŕĿîċĿŕĿƥĿĚƙ Ŀlj ƥĺĚNj îƑĚ ĚĿƥĺĚƑ ĺĚŕē ljūƑ ƥƑîēĿŠij ūƑ îƑĚ ĚNJƎĚČƥĚē ƥū ċĚ ƑĚîŕĿƙĚē DžĿƥĺĿŠ ǧǨ ŞūŠƥĺƙ îljƥĚƑ ƥĺĚ îŕîŠČĚ ¬ĺĚĚƥ
date.
ĿĿȴ îƙĺ ǜūDž ĺĚēijĚ
¹ĺĚ HƑūƭƎ ēĚƙĿijŠîƥĚƙ ČĚƑƥîĿŠ ljūƑĚĿijŠ ĚNJČĺîŠijĚ ljūƑDžîƑē îŠē ūƎƥĿūŠƙ ČūŠƥƑîČƥƙ îƙ Čîƙĺ ǜūDžƙ ĺĚēijĚƙ ƥū ŞĿƥĿijîƥĚ ƥĺĚ
ƑĿƙŒ ūlj ljūƑĚĿijŠ ĚNJČĺîŠijĚ ĚNJƎūƙƭƑĚ ūŠ ǛƑŞ ČūŞŞĿƥŞĚŠƥ îŠē ĺĿijĺŕNj ƎƑūċîċŕĚ ljūƑĚČîƙƥ ƥƑîŠƙîČƥĿūŠƙȦ
ØĺĚŠ î ēĚƑĿDŽîƥĿDŽĚ Ŀƙ ēĚƙĿijŠîƥĚē îƙ î Čîƙĺ ǜūDž ĺĚēijĿŠij ĿŠƙƥƑƭŞĚŠƥȡ ƥĺĚ ĚljljĚČƥĿDŽĚ ƎūƑƥĿūŠ ūlj ČĺîŠijĚƙ ĿŠ ƥĺĚ ljîĿƑ
DŽîŕƭĚ ūlj ƥĺĚ ēĚƑĿDŽîƥĿDŽĚ Ŀƙ ƑĚČūijŠĿƙĚē ĿŠ ūƥĺĚƑ ČūŞƎƑĚĺĚŠƙĿDŽĚ ĿŠČūŞĚ îŠē îČČƭŞƭŕîƥĚē ĿŠ ƥĺĚ Čîƙĺ ǜūDžƙ ĺĚēijĿŠij
reserve. Any ineffective portion of changes in the fair value of the derivative is recognised immediately in the net
ƎƑūǛƥ ĿŠ ƥĺĚ ūŠƙūŕĿēîƥĚē ¬ƥîƥĚŞĚŠƥ ūlj ¡ƑūǛƥ îŠē gūƙƙȦ Tlj ƥĺĚ ĺĚēijĿŠij ĿŠƙƥƑƭŞĚŠƥ Šū ŕūŠijĚƑ ŞĚĚƥƙ ƥĺĚ ČƑĿƥĚƑĿî ljūƑ
ĺĚēijĚ îČČūƭŠƥĿŠijȡ ƥĺĚŠ ĺĚēijĚ îČČūƭŠƥĿŠij Ŀƙ ēĿƙČūŠƥĿŠƭĚē ƎƑūƙƎĚČƥĿDŽĚŕNjȦ Tlj ƥĺĚ ĺĚēijĿŠij ĿŠƙƥƑƭŞĚŠƥ ĚNJƎĿƑĚƙ ūƑ Ŀƙ ƙūŕēȡ
ƥĚƑŞĿŠîƥĚē ūƑ ĚNJĚƑČĿƙĚēȡ ƥĺĚ ČƭŞƭŕîƥĿDŽĚ ijîĿŠ ūƑ ŕūƙƙ ūŠ ƥĺĚ ĺĚēijĿŠij ĿŠƙƥƑƭŞĚŠƥ ƑĚČūijŠĿƙĚē ĿŠ Čîƙĺ ǜūDžƙ ĺĚēijĿŠij
ƑĚƙĚƑDŽĚ ƥĿŕŕ ƥĺĚ ƎĚƑĿūē ƥĺĚ ĺĚēijĚ Džîƙ ĚljljĚČƥĿDŽĚ ƑĚŞîĿŠƙ ĿŠ Čîƙĺ ǜūDžƙ ĺĚēijĿŠij ƑĚƙĚƑDŽĚ ƭŠƥĿŕ ƥĺĚ ljūƑĚČîƙƥĚē ƥƑîŠƙîČƥĿūŠ
ūČČƭƑƙȦ ¹ĺĚ ČƭŞƭŕîƥĿDŽĚ ijîĿŠ ūƑ ŕūƙƙ ƎƑĚDŽĿūƭƙŕNj ƑĚČūijŠĿƙĚē ĿŠ ƥĺĚ Čîƙĺ ǜūDžƙ ĺĚēijĿŠij ƑĚƙĚƑDŽĚ Ŀƙ ƥƑîŠƙljĚƑƑĚē ƥū ƥĺĚ
¬ƥîƥĚŞĚŠƥ ūlj ¡ƑūǛƥ îŠē gūƙƙ ƭƎūŠ ƥĺĚ ūČČƭƑƑĚŠČĚ ūlj ƥĺĚ ƑĚŕîƥĚē ljūƑĚČîƙƥĚē ƥƑîŠƙîČƥĿūŠȦ
Tlj ƥĺĚ ljūƑĚČîƙƥĚē ƥƑîŠƙîČƥĿūŠ Ŀƙ Šū ŕūŠijĚƑ ĚNJƎĚČƥĚē ƥū ūČČƭƑȡ ƥĺĚŠ ƥĺĚ îŞūƭŠƥ îČČƭŞƭŕîƥĚē ĿŠ Čîƙĺ ǜūDžƙ ĺĚēijĿŠij
ƑĚƙĚƑDŽĚ Ŀƙ ƑĚČŕîƙƙĿǛĚē ƥū ŠĚƥ ƎƑūǛƥ ĿŠ ƥĺĚ ūŠƙūŕĿēîƥĚē ¬ƥîƥĚŞĚŠƥ ūlj ¡ƑūǛƥ îŠē gūƙƙȦ
DŽȴ
ūƑƑūDžĿŠijƙȠ
Borrowings are initially recognised at fair value, net of transaction costs incurred. Borrowings are subsequently measured
at amortised cost. Any difference between the proceeds (net of transaction costs) and the redemption amount is recognised
ĿŠ ƥĺĚ ūŠƙūŕĿēîƥĚē ¬ƥîƥĚŞĚŠƥ ūlj ¡ƑūǛƥ îŠē gūƙƙ ūDŽĚƑ ƥĺĚ ƎĚƑĿūē ūlj ƥĺĚ ċūƑƑūDžĿŠijƙ ƭƙĿŠij ƥĺĚ ĚljljĚČƥĿDŽĚ ĿŠƥĚƑĚƙƥ ŞĚƥĺūēȦ
GĚĚƙ ƎîĿē ūŠ ƥĺĚ ĚƙƥîċŕĿƙĺŞĚŠƥ ūlj ŕūîŠ ljîČĿŕĿƥĿĚƙ îƑĚ ƑĚČūijŠĿƙĚē îƙ ƥƑîŠƙîČƥĿūŠ Čūƙƥƙ ūlj ƥĺĚ ŕūîŠ ƥū ƥĺĚ ĚNJƥĚŠƥ ƥĺîƥ Ŀƥ Ŀƙ
probable that some or all of the facility will be drawn down. In this case, the fee is deferred until the draw down occurs.
ūƑƑūDžĿŠijƙ îƑĚ ƑĚŞūDŽĚē ljƑūŞ ƥĺĚ îŕîŠČĚ ¬ĺĚĚƥ DžĺĚŠ ƥĺĚ ūċŕĿijîƥĿūŠ ƙƎĚČĿǛĚē ĿŠ ƥĺĚ ČūŠƥƑîČƥ Ŀƙ ēĿƙČĺîƑijĚēȡ ČîŠČĚŕŕĚē ūƑ
ĚNJƎĿƑĚēȦ ¹ĺĚ ēĿljljĚƑĚŠČĚ ċĚƥDžĚĚŠ ƥĺĚ ČîƑƑNjĿŠij îŞūƭŠƥ ūlj î ǛŠîŠČĿîŕ ŕĿîċĿŕĿƥNj ƥĺîƥ ĺîƙ ċĚĚŠ ĚNJƥĿŠijƭĿƙĺĚē ūƑ ƥƑîŠƙljĚƑƑĚē ƥū
another party and the consideration paid, including any non-cash assets transferred or liabilities assumed, is recognised
ĿŠ ƥĺĚ ūŠƙūŕĿēîƥĚē ¬ƥîƥĚŞĚŠƥ ūlj ¡ƑūǛƥ îŠē gūƙƙ îƙ ūƥĺĚƑ ĿŠČūŞĚ ʈ ȳĚNJƎĚŠƙĚȴȦ
ūƑƑūDžĿŠijƙ îƑĚ ČŕîƙƙĿǛĚē îƙ ČƭƑƑĚŠƥ ŕĿîċĿŕĿƥĿĚƙ ƭŠŕĚƙƙ ƥĺĚ HƑūƭƎ ĺîƙ îŠ ƭŠČūŠēĿƥĿūŠîŕ ƑĿijĺƥ ƥū ēĚljĚƑ ƙĚƥƥŕĚŞĚŠƥ ūlj ƥĺĚ
liability for at least 12 months after the reporting period.
Džȴ ūƑƑūDžĿŠij ČūƙƥƙȠ
Borrowing costs that are directly attributable to the acquisition, constrution or production of a qualifying asset are
capitalised during the period of time that is required to complete and prepare the asset for its intended use or sale.
Qualifying assets are assets that necessarily take a substantial period of time to get ready for their intended use or sale.
TŠDŽĚƙƥŞĚŠƥ ĿŠČūŞĚ ĚîƑŠĚē ūŠ ƥĺĚ ƥĚŞƎūƑîƑNj ĿŠDŽĚƙƥŞĚŠƥ ūlj ƙƎĚČĿǛČ ċūƑƑūDžĿŠijƙ ƎĚŠēĿŠij ƥĺĚĿƑ ĚNJƎĚŠēĿƥƭƑĚ ūŠ ƐƭîŕĿljNjĿŠij
îƙƙĚƥƙ Ŀƙ ēĚēƭČƥĚē ljƑūŞ ƥĺĚ ċūƑƑūDžĿŠij Čūƙƥƙ ĚŕĿijĿċŕĚ ljūƑ ČîƎĿƥîŕĿƙîƥĿūŠȦ ~ƥĺĚƑ ċūƑƑūDžĿŠij Čūƙƥƙ îƑĚ ĚNJƎĚŠƙĚē ĿŠ ƥĺĚ ƎĚƑĿūē
in which they are incurred.
Consolidated
|
Notes to the Financial Statements
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