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iv) Derecognition:
ǛŠîŠČĿîŕ ŕĿîċĿŕĿƥNj Ŀƙ ēĚƑĚČūijŠĿƙĚē DžĺĚŠ ƥĺĚ ūċŕĿijîƥĿūŠ ƙƎĚČĿǛĚē ĿŠ ƥĺĚ ČūŠƥƑîČƥ Ŀƙ ēĿƙČĺîƑijĚēȡ ČîŠČĚŕŕĚē ūƑ ĚNJƎĿƑĚƙȦ
Ǝȴ ~ljljƙĚƥƥĿŠij ǛŠîŠČĿîŕ ĿŠƙƥƑƭŞĚŠƥƙȠ
Financial assets and liabilities are offset and the net amount is reported in the Balance Sheet where there is a legally
enforceable right to offset the recognised amounts and there is an intention to settle on a net basis or realise the assets
and settle the liabilities simultaneously.
q) Derivatives and hedging activities:
¹ĺĚ ūŞƎîŠNj ĺūŕēƙ ēĚƑĿDŽîƥĿDŽĚ ǛŠîŠČĿîŕ ĿŠƙƥƑƭŞĚŠƥƙ ƙƭČĺ îƙ ljūƑĚĿijŠ ĚNJČĺîŠijĚ ljūƑDžîƑēȡ ĿŠƥĚƑĚƙƥ ƑîƥĚ ƙDžîƎƙȡ ČƭƑƑĚŠČNj
swaps and currency options to mitigate the risk of changes in exchange rates or interest rate. The counterparty for these
contracts is generally a bank.
Ŀȴ
GĿŠîŠČĿîŕ îƙƙĚƥƙ ūƑ ǛŠîŠČĿîŕ ŕĿîċĿŕĿƥĿĚƙȡ îƥ ljîĿƑ DŽîŕƭĚ ƥĺƑūƭijĺ ƎƑūǛƥ ūƑ ŕūƙƙȠ
¹ĺĿƙ ČîƥĚijūƑNj ĺîƙ ēĚƑĿDŽîƥĿDŽĚ ǛŠîŠČĿîŕ îƙƙĚƥƙ ūƑ ŕĿîċĿŕĿƥĿĚƙ DžĺĿČĺ îƑĚ Šūƥ ēĚƙĿijŠîƥĚē îƙ ĺĚēijĚƙȦ
Although the Company believes that these derivatives constitute hedges from an economic perspective, they may
not qualify for hedge accounting under Ind AS 109, Financial Instruments. Any derivative that is either not designated
î ĺĚēijĚȡ ūƑ Ŀƙ ƙū ēĚƙĿijŠîƥĚē ċƭƥ Ŀƙ ĿŠĚljljĚČƥĿDŽĚ îƙ ƎĚƑ TŠē ¬ ǧǦǯȡ Ŀƙ ČîƥĚijūƑĿƙĚē îƙ î ǛŠîŠČĿîŕ îƙƙĚƥ ūƑ ǛŠîŠČĿîŕ ŕĿîċĿŕĿƥNjȡ
îƥ ljîĿƑ DŽîŕƭĚ ƥĺƑūƭijĺ ƎƑūǛƥ ūƑ ŕūƙƙȦ
Derivatives not designated as hedges are recognised initially at fair value and attributable transaction costs are
ƑĚČūijŠĿƙĚē ĿŠ ŠĚƥ ƎƑūǛƥ ĿŠ ƥĺĚ ¬ƥîƥĚŞĚŠƥ ūlj ¡ƑūǛƥ îŠē gūƙƙȡ DžĺĚŠ ĿŠČƭƑƑĚēȦ ¬ƭċƙĚƐƭĚŠƥ ƥū ĿŠĿƥĿîŕ ƑĚČūijŠĿƥĿūŠȡ ƥĺĚƙĚ
ēĚƑĿDŽîƥĿDŽĚƙ îƑĚ ŞĚîƙƭƑĚē îƥ ljîĿƑ DŽîŕƭĚ ƥĺƑūƭijĺ ƎƑūǛƥ ūƑ ŕūƙƙ îŠē ƥĺĚ ƑĚƙƭŕƥĿŠij ijîĿŠƙ ūƑ ŕūƙƙĚƙ îƑĚ ĿŠČŕƭēĚē ĿŠ ūƥĺĚƑ
income or other expenses. Assets | liabilities in this category are presented as current assets | current liabilities if they
are either held for trading or are expected to be realised within 12 months after the Balance Sheet date.
ĿĿȴ îƙĺ ǜūDž ĺĚēijĚȠ
¹ĺĚ ūŞƎîŠNj ēĚƙĿijŠîƥĚƙ ČĚƑƥîĿŠ ljūƑĚĿijŠ ĚNJČĺîŠijĚ ljūƑDžîƑē îŠē ūƎƥĿūŠƙ ČūŠƥƑîČƥƙ îƙ Čîƙĺ ǜūDž ĺĚēijĚƙ ƥū ŞĿƥĿijîƥĚ
ƥĺĚ ƑĿƙŒ ūlj ljūƑĚĿijŠ ĚNJČĺîŠijĚ ĚNJƎūƙƭƑĚ ūŠ ǛƑŞ ČūŞŞĿƥŞĚŠƥ îŠē ĺĿijĺŕNj ƎƑūċîċŕĚ ljūƑĚČîƙƥ ƥƑîŠƙîČƥĿūŠƙȦ
ØĺĚŠ î ēĚƑĿDŽîƥĿDŽĚ Ŀƙ ēĚƙĿijŠîƥĚē îƙ î Čîƙĺ ǜūDž ĺĚēijĿŠij ĿŠƙƥƑƭŞĚŠƥȡ ƥĺĚ ĚljljĚČƥĿDŽĚ ƎūƑƥĿūŠ ūlj ČĺîŠijĚƙ ĿŠ ƥĺĚ ljîĿƑ DŽîŕƭĚ
ūlj ƥĺĚ ēĚƑĿDŽîƥĿDŽĚ Ŀƙ ƑĚČūijŠĿƙĚē ĿŠ ūƥĺĚƑ ČūŞƎƑĚĺĚŠƙĿDŽĚ ĿŠČūŞĚ îŠē îČČƭŞƭŕîƥĚē ĿŠ ƥĺĚ Čîƙĺ ǜūDž ĺĚēijĿŠij ƑĚƙĚƑDŽĚȦ
ŠNj ĿŠĚljljĚČƥĿDŽĚ ƎūƑƥĿūŠ ūlj ČĺîŠijĚƙ ĿŠ ƥĺĚ ljîĿƑ DŽîŕƭĚ ūlj ƥĺĚ ēĚƑĿDŽîƥĿDŽĚ Ŀƙ ƑĚČūijŠĿƙĚē ĿŞŞĚēĿîƥĚŕNj ĿŠ ƥĺĚ ŠĚƥ ƎƑūǛƥ ĿŠ ƥĺĚ
¬ƥîƥĚŞĚŠƥ ūlj ¡ƑūǛƥ îŠē gūƙƙȦ Tlj ƥĺĚ ĺĚēijĿŠij ĿŠƙƥƑƭŞĚŠƥ Šū ŕūŠijĚƑ ŞĚĚƥƙ ƥĺĚ ČƑĿƥĚƑĿî ljūƑ ĺĚēijĚ îČČūƭŠƥĿŠijȡ ƥĺĚŠ ĺĚēijĚ
accounting is discontinued prospectively. If the hedging instrument expires or is sold, terminated or exercised, the
ČƭŞƭŕîƥĿDŽĚ ijîĿŠ ʈ ȳŕūƙƙȴ ūŠ ƥĺĚ ĺĚēijĿŠij ĿŠƙƥƑƭŞĚŠƥ ƑĚČūijŠĿƙĚē ĿŠ Čîƙĺ ǜūDž ĺĚēijĿŠij ƑĚƙĚƑDŽĚ ƥĿŕŕ ƥĺĚ ƎĚƑĿūē ƥĺĚ ĺĚēijĚ
Džîƙ ĚljljĚČƥĿDŽĚ ƑĚŞîĿŠƙ ĿŠ Čîƙĺ ǜūDž ĺĚēijĿŠij ƑĚƙĚƑDŽĚ ƭŠƥĿŕ ƥĺĚ ljūƑĚČîƙƥĚē ƥƑîŠƙîČƥĿūŠ ūČČƭƑƙȦ ¹ĺĚ ČƭŞƭŕîƥĿDŽĚ ijîĿŠ ʈ
ȳŕūƙƙȴ ƎƑĚDŽĿūƭƙŕNj ƑĚČūijŠĿƙĚē ĿŠ ƥĺĚ Čîƙĺ ǜūDž ĺĚēijĿŠij ƑĚƙĚƑDŽĚ Ŀƙ ƥƑîŠƙljĚƑƑĚē ƥū ƥĺĚ ¬ƥîƥĚŞĚŠƥ ūlj ¡ƑūǛƥ îŠē gūƙƙ ƭƎūŠ
the occurrence of the related forecasted transaction.
Tlj ƥĺĚ ljūƑĚČîƙƥĚē ƥƑîŠƙîČƥĿūŠ Ŀƙ Šū ŕūŠijĚƑ ĚNJƎĚČƥĚē ƥū ūČČƭƑȡ ƥĺĚŠ ƥĺĚ îŞūƭŠƥ îČČƭŞƭŕîƥĚē ĿŠ Čîƙĺ ǜūDž ĺĚēijĿŠij
ƑĚƙĚƑDŽĚ Ŀƙ ƑĚČŕîƙƙĿǛĚē ƥū ŠĚƥ ƎƑūǛƥ ĿŠ ƥĺĚ ¬ƥîƥĚŞĚŠƥ ūlj ¡ƑūǛƥ îŠē gūƙƙȦ
r) Borrowings:
Borrowings are initially recognised at fair value, net of transaction costs incurred. Borrowings are subsequently measured
at amortised cost. Any difference between the proceeds (net of transaction costs) and the redemption amount is recognised
ĿŠ ƎƑūǛƥ ūƑ ŕūƙƙ ūDŽĚƑ ƥĺĚ ƎĚƑĿūē ūlj ƥĺĚ ċūƑƑūDžĿŠijƙ ƭƙĿŠij ƥĺĚ ĚljljĚČƥĿDŽĚ ĿŠƥĚƑĚƙƥ ŞĚƥĺūēȦ GĚĚƙ ƎîĿē ūŠ ƥĺĚ ĚƙƥîċŕĿƙĺŞĚŠƥ ūlj
loan facilities are recognised as transaction costs of the loan to the extent that it is probable that some or all of the facility
will be drawn down. In this case, the fee is deferred until the draw down occurs.
ūƑƑūDžĿŠijƙ îƑĚ ƑĚŞūDŽĚē ljƑūŞ ƥĺĚ îŕîŠČĚ ¬ĺĚĚƥ DžĺĚŠ ƥĺĚ ūċŕĿijîƥĿūŠ ƙƎĚČĿǛĚē ĿŠ ƥĺĚ ČūŠƥƑîČƥ Ŀƙ ēĿƙČĺîƑijĚēȡ ČîŠČĚŕŕĚē ūƑ
ĚNJƎĿƑĚēȦ ¹ĺĚ ēĿljljĚƑĚŠČĚ ċĚƥDžĚĚŠ ƥĺĚ ČîƑƑNjĿŠij îŞūƭŠƥ ūlj î ǛŠîŠČĿîŕ ŕĿîċĿŕĿƥNj ƥĺîƥ ĺîƙ ċĚĚŠ ĚNJƥĿŠijƭĿƙĺĚē ūƑ ƥƑîŠƙljĚƑƑĚē ƥū
another party and the consideration paid, including any non-cash assets transferred or liabilities assumed, is recognised
ĿŠ ƎƑūǛƥ ūƑ ŕūƙƙ îƙ ūƥĺĚƑ ĿŠČūŞĚ ʈ ȳĚNJƎĚŠƙĚȴȦ
ūƑƑūDžĿŠijƙ îƑĚ ČŕîƙƙĿǛĚē îƙ ČƭƑƑĚŠƥ ŕĿîċĿŕĿƥĿĚƙ ƭŠŕĚƙƙ ƥĺĚ ūŞƎîŠNj ĺîƙ îŠ ƭŠČūŠēĿƥĿūŠîŕ ƑĿijĺƥ ƥū ēĚljĚƑ ƙĚƥƥŕĚŞĚŠƥ ūlj ƥĺĚ
liability for at least 12 months after the reporting period.
129
Standalone
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Notes to the Financial Statements