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a) Fair value hierarchy
This section explains the judgements and estimates made in determining the fair values of the financial instruments that
are a) recognised and measured at fair value and b) measured at amortised cost and for which fair values are disclosed in
the Consolidated Financial Statements. To provide an indication about the reliability of the inputs used in determining fair
value, the Group has classified its financial instruments into the 3 levels prescribed under the Indian Accounting Standard.
An explanation of each level follows underneath the table:
(
`
cr)
i)
Financial assets and liabilities
measured at fair value - recurring
fair value measurements at March
31, 2018
Note
Level 1
Level 2
Level 3
Total
Financial assets
Financial investments at FVPL:
Mutual funds
11
5.70
–
–
5.70
Financial investments at FVOCI:
Quoted equity shares
6
452.49
–
–
452.49
Unquoted equity shares
1
6
–
–
0.81
0.81
Share application money
6
0.01
–
–
0.01
Derivatives designated as hedges:
Foreign exchange forward contracts
–
0.07
–
0.07
Total financial assets
458.20
0.07
0.81
459.08
Financial liabilities
Derivatives designated as hedges:
Currency options
–
0.02
–
0.02
Total financial liabilities
–
0.02
–
0.02
Biological assets
Tissue culture raised date palms
–
22.70
–
22.70
Total biological assets
–
22.70
–
22.70
(
`
cr)
ii)
Assets and liabilities for which fair
values are disclosed at March 31,
2018
Note
Level 1
Level 2
Level 3
Total
Financial assets
Investments:
Government securities
6
0.01
–
–
0.01
NHAI bonds
6
0.10
–
–
0.10
Security deposits for utilities and
premises
8
–
–
1.48
1.48
Total financial assets
0.11
–
1.48
1.59
Financial liabilities
Borrowings
17
–
–
15.91
15.91
Security deposits
18
–
–
22.46
22.46
Total financial liabilities
–
–
38.37
38.37
Investment properties
3
–
–
141.00
141.00
Notes
to the Consolidated Financial Statements
Note 29.7 Fair value measurements
(continued)