141 / 220
139
Note 27.7 Fair value measurements
(continued)
(
`
cr)
iii) Financial assets and liabilities
measured at fair value – recurring
fair value measurements at
March 31, 2017
Note
Level 1
Level 2
Level 3
Total
Financial assets
Financial investments at FVOCI:
Quoted equity shares
5
414.27
–
–
414.27
Unquoted equity shares
1
5
–
–
0.79
0.79
Derivatives designated as hedges:
Currency options
–
1.70
–
1.70
Total financial assets
414.27
1.70
0.79 416.76
Financial liabilities
Derivatives designated as hedges:
Foreign exchange forward contracts
–
2.43
–
2.43
Derivatives not designated as hedges:
Currency swaps
5.07
5.07
Total financial liabilities
–
7.50
–
7.50
(
`
cr)
iv) Assets and liabilities for which fair
values are disclosed at March 31,
2017
Note
Level 1
Level 2
Level 3
Total
Financial assets
Investments:
Preference shares
5
–
–
7.10
7.10
Government securities
5
0.01
–
–
0.01
Loans
6
–
–
12.19
12.19
Security deposits for utilities and
premises
7
–
–
3.27
3.27
Finance lease receivable
7
–
–
1.38
1.38
Total financial assets
0.01
–
23.94
23.95
Financial liabilities
Borrowings
15
–
–
154.80
154.80
Security deposits
16
–
–
19.30
19.30
Total financial liabilities
–
–
174.10
174.10
Investment properties
3
–
–
134.00
134.00
¹
Includes investment in Bharuch Enviro Infrastructure Ltd (70,000 equity shares) and in Narmada Clean Tech Ltd (7,15,272 equity shares) which
are for operation purposes and the Company expects its refund on exit. The Company estimates that the fair value of these investments are not
materially different as compared to its cost.
Notes
to the Financial Statements