Atul Cover DS (Spine 20mm)

Note 29.7 Fair value measurements (continued)

(

cr)

iv) Assets and liabilities for which fair values are disclosed

as at March 31, 2018

Note Level 1 Level 2 Level 3 Total

Financial assets

Investments:

Government securities

6.2

0.01

Investment in NHAI bonds

6.2

0.10

Security deposits for utilities and premises

ǧȦǪǮ

¹ūƥîŕ ǛŠîŠČĿîŕ îƙƙĚƥƙ

0.11

1.48

1.59

Financial liabilities

Borrowings

15.91

Security deposits

ǨǨȦǪǬ ǨǨȦǪǬ

¹ūƥîŕ ǛŠîŠČĿîŕ ŕĿîċĿŕĿƥĿĚƙ

38.37

Investment properties

- 141.00

141.00

¹Includes investments in Bharuch Enviro Infrastructure Ltd (70,000 equity shares), in Narmada Clean Tech Ltd (7,15,272 equity

ƙĺîƑĚƙȴ îŠē ĿŠ ~¡H¬ ¡ūǅĚƑ HƭŏîƑîƥ ¡Ǆƥ gƥē ȳǫȡǦǩȡǦǦǦ ĚƐƭĿƥǋ ƙĺîƑĚƙȴ ǅĺĿČĺ îƑĚ ljūƑ ūƎĚƑîƥĿūŠ ƎƭƑƎūƙĚƙ îŠē ƥĺĚ ūŞƎîŠǋ

ĚǊƎĚČƥƙ Ŀƥƙ ƑĚljƭŠē ūŠ ĚǊĿƥȦ ¹ĺĚ ūŞƎîŠǋ ĚƙƥĿŞîƥĚƙ ƥĺîƥ ƥĺĚ ljîĿƑ ǄîŕƭĚ ūlj ƥĺĚƙĚ ĿŠǄĚƙƥŞĚŠƥƙ Ŀƙ Šūƥ ŞîƥĚƑĿîŕŕǋ ēĿljljĚƑĚŠƥ îƙ

compared to its cost.

There were no transfers between any levels during the year.

gĚǄĚŕ ǧȠ

gĚǄĚŕ ǧ ĺĿĚƑîƑČĺǋ ĿŠČŕƭēĚƙ ǛŠîŠČĿîŕ ĿŠƙƥƑƭŞĚŠƥƙ ŞĚîƙƭƑĚē ƭƙĿŠij ƐƭūƥĚē ƎƑĿČĚƙȦ ¹ĺĚ ljîĿƑ ǄîŕƭĚ ūlj îŕŕ ĚƐƭĿƥǋ ĿŠƙƥƑƭŞĚŠƥƙ

ǅĺĿČĺ îƑĚ ƥƑîēĚē ūŠ ƥĺĚ ¬ƥūČŒ /ǊČĺîŠijĚƙ Ŀƙ ǄîŕƭĚē ƭƙĿŠij ƥĺĚ ČŕūƙĿŠij ƎƑĿČĚ îƙ îƥ ƥĺĚ ƑĚƎūƑƥĿŠij ƎĚƑĿūēȦ

gĚǄĚŕ ǨȠ

¹ĺĚ ljîĿƑ ǄîŕƭĚ ūlj ǛŠîŠČĿîŕ ĿŠƙƥƑƭŞĚŠƥƙ ƥĺîƥ îƑĚ Šūƥ ƥƑîēĚē ĿŠ îŠ îČƥĿǄĚ ŞîƑŒĚƥ ȳljūƑ ĚǊîŞƎŕĚȡ ūǄĚƑȹƥĺĚȹČūƭŠƥĚƑ ēĚƑĿǄîƥĿǄĚƙȴ

Ŀƙ ēĚƥĚƑŞĿŠĚē ƭƙĿŠij ǄîŕƭîƥĿūŠ ƥĚČĺŠĿƐƭĚƙ ǅĺĿČĺ ŞîǊĿŞĿƙĚ ƥĺĚ ƭƙĚ ūlj ūċƙĚƑǄîċŕĚ ŞîƑŒĚƥ ēîƥî îŠē ƑĚŕǋ îƙ ŕĿƥƥŕĚ îƙ ƎūƙƙĿċŕĚ ūŠ

ĚŠƥĿƥǋȹƙƎĚČĿǛČ ĚƙƥĿŞîƥĚƙȦ ¹ĺĚ Şƭƥƭîŕ ljƭŠē ƭŠĿƥƙ îƑĚ ǄîŕƭĚē ƭƙĿŠij ƥĺĚ ČŕūƙĿŠij ŠĚƥ îƙƙĚƥƙ ǄîŕƭĚȦ Tlj îŕŕ ƙĿijŠĿǛČîŠƥ ĿŠƎƭƥƙ ƑĚƐƭĿƑĚē

to fair value an instrument are observable, the instrument is included in level 2.

gĚǄĚŕ ǩȠ

Tlj ūŠĚ ūƑ ŞūƑĚ ūlj ƥĺĚ ƙĿijŠĿǛČîŠƥ ĿŠƎƭƥƙ Ŀƙ Šūƥ ċîƙĚē ūŠ ūċƙĚƑǄîċŕĚ ŞîƑŒĚƥ ēîƥîȡ ƥĺĚ ĿŠƙƥƑƭŞĚŠƥ Ŀƙ ĿŠČŕƭēĚē ĿŠ ŕĚǄĚŕ ǩȦ

b) Valuation technique used to determine fair value

¬ƎĚČĿǛČ ǄîŕƭîƥĿūŠ ƥĚČĺŠĿƐƭĚƙ ƭƙĚē ƥū ǄîŕƭĚ ǛŠîŠČĿîŕ ĿŠƙƥƑƭŞĚŠƥƙ ĿŠČŕƭēĚȠ

the use of quoted market prices or dealer quotes for similar instruments,

ĿĿȴ ƥĺĚ ljîĿƑ ǄîŕƭĚ ūlj ljūƑǅîƑē ljūƑĚĿijŠ ĚǊČĺîŠijĚ ČūŠƥƑîČƥƙ îƑĚ ēĚƥĚƑŞĿŠĚē ƭƙĿŠij ljūƑǅîƑē ĚǊČĺîŠijĚ ƑîƥĚƙ îƥ ƥĺĚ îŕîŠČĚ

Sheet date,

iii) the fair value of foreign currency option contracts is determined using the Black Scholes valuation model,

ĿǄȴ ƥĺĚ ljîĿƑ ǄîŕƭĚ ūlj ƥĺĚ ƑĚŞîĿŠĿŠij ǛŠîŠČĿîŕ ĿŠƙƥƑƭŞĚŠƥƙ Ŀƙ ēĚƥĚƑŞĿŠĚē ƭƙĿŠij ēĿƙČūƭŠƥĚē Čîƙĺ ǜūǅƙ îŠîŕǋƙĿƙȦ

All of the resulting fair value estimates are included in level 1, 2 and 3.

c) Valuation processes

¹ĺĚ ǛŠîŠČĚ ēĚƎîƑƥŞĚŠƥ ūlj ƥĺĚ HƑūƭƎ ĿŠČŕƭēĚƙ î ƥĚîŞ ƥĺîƥ ƎĚƑljūƑŞƙ ƥĺĚ ǄîŕƭîƥĿūŠƙ ūlj ǛŠîŠČĿîŕ îƙƙĚƥƙ îŠē ŕĿîċĿŕĿƥĿĚƙ

ƑĚƐƭĿƑĚē ljūƑ ǛŠîŠČĿîŕ ƑĚƎūƑƥĿŠij ƎƭƑƎūƙĚƙȡ ĿŠČŕƭēĿŠij ŕĚǄĚŕ ǩ ljîĿƑ ǄîŕƭĚƙȦ