143 / 236
141
As at March 31, 2016
(
`
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
–
53.07
–
(1.33)
1-12
68.69
(1.33)
(1.33)
Currency range options
83.25
–
0.14
–
1-12
65.96-
73.86
0.14
0.14
Currency vanilla options
44.00
–
0.30
–
1-12
66.41
0.30
0.30
Interest rate risk
Interest rate swaps
–
2.07
–
(0.01)
1-15
3.70
(0.01)
(0.01)
As at April 01, 2015
(
`
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
4.38
12.55
0.01
(0.45)
1-12
65.02
(0.44)
(0.44)
Currency range options
162.74
–
0.27
–
1-12
63.26-
68.47
0.27
0.27
Interest rate risk
Interest rate swaps
–
15.62
–
(0.11)
1-15
3.91
(0.11)
(0.11)
b) Disclosure of effects of hedge accounting on financial performance
As at March 31, 2017
(
`
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
i)
Foreign exchange risk
(0.73)
–
(0.89) Revenue and
inventories
ii) Interest rate risk
–
–
– Finance costs
Notes
to the Financial Statements