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Atul Ltd | Annual Report 2017-18
Note 29.7 Fair value measurements
(continued)
(
`
cr)
iii) 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 FVPL:
Mutual funds
11
2.92
–
–
2.92
Financial investments at FVOCI:
Quoted equity shares
6
415.10
–
–
415.10
Unquoted equity shares
1
6
–
–
0.81
0.81
Derivatives designated as hedges:
Currency options
–
1.70
–
1.70
Total financial assets
418.02
1.70
0.81
420.53
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
Biological assets
Tissue culture raised date palms
–
21.09
–
21.09
Total biological assets
–
21.09
–
21.09
(
`
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:
Government securities
6
0.01
–
–
0.01
NHAI bonds
6
0.10
–
–
0.10
Security deposits for utilities and
premises
8
–
–
1.59
1.59
Total financial assets
0.11
–
1.59
1.70
Financial liabilities
Borrowings
17
–
–
167.26
167.26
Security deposits
18
–
–
21.92
21.92
Total financial liabilities
–
–
189.18
189.18
Investment properties
3
–
–
134.00
134.00
¹ Includes investment in Bharuch Enviro Infrastructure Ltd (91,000 equity shares) and 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 is not
materially different as compared to its cost.
There were no transfers between any levels during the year.
Notes
to the Consolidated Financial Statements