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145
Impact of hedging activities
a) Disclosure of effects of hedge accounting on financial position:
As at March 31, 2018
(
`
cr)
Type of hedge and risks
Notional value Carrying amount of
hedging instrument
Maturity
(months)
Weighted
average
strike price |
interest rate
Changes in
fair value
of hedging
instrument
Change in
the value
of hedged
item used as
the basis for
recognising
hedge
effectiveness
Assets Liabilities Assets Liabilities
Cash flow hedge
`
: US$
Foreign exchange risk
Foreign exchange forward
contracts
6.01
–
0.07
–
1-12
66.18
0.07
(0.07)
Currency range options
–
24.22
–
(0.02)
1-12 64.90-68.90
(0.02)
0.02
As at March 31, 2017
(
`
cr)
Type of hedge and risks
Notional value Carrying amount of
hedging instrument
Maturity
(months)
Weighted
average
strike price |
interest rate
Changes in
fair value
of hedging
instrument
Change in
the value
of hedged
item used as
the basis for
recognising
hedge
effectiveness
Assets Liabilities Assets Liabilities
Cash flow hedge
`
: US$
Foreign exchange risk
Foreign exchange forward
contracts
–
58.35
–
(2.43)
1-12
68.06
(2.43)
2.43
Currency range options
49.60
–
1.70
–
1-12 67.98-73.20
1.70
(1.70)
b) Disclosure of effects of hedge accounting on financial performance
As at March 31, 2018
(
`
cr)
Type of hedge
Change in
the value of
the hedging
instrument
recognised
in Other
Comprehensive
Income
Hedge
ineffectiveness
recognised in
profit or loss
Amount
reclassified
from cash flow
hedging reserve
to profit or loss
Financial
Statement line
item affected
Cash flow hedge
Foreign exchange risk
0.05
–
(0.73) Revenue and
inventories
Notes
to the Financial Statements
Note 27.8 Financial Risk Management
(continued)