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Atul Ltd | Annual Report 2016-17
Movements in cash flow hedging reserve
(
`
cr)
Risk category
Foreign currency risk
Derivative instruments
As at
March 31, 2017
As at
March 31, 2016
Balance at the beginning of the period
(0.59)
(0.28)
Gain | (Loss) recognised in Other Comprehensive Income during the year
(0.73)
(0.90)
Amount reclassified to revenue during the year
0.59
0.28
Tax impact on above
0.25
0.31
Balance at the end of the period
(0.48)
(0.59)
Note 29.9 Capital management
Risk Management
The primary objective of capital management of the Group is to maximise Shareholder value. The Group monitors capital using
Debt-Equity ratio which is total debt divided by total equity.
For the purposes of capital management, the Group considers the following components of its Balance Sheet to manage capital:
Total equity includes General reserve, Retained earnings, Share capital and Security premium. Total debt includes current debt
plus non-current debt.
(
`
cr)
Particulars
As at
March 31, 2017
As at
March 31, 2016
Total debt
167.69
315.82
Total equity
1,936.26
1,585.11
Debt-Equity ratio
0.09
0.20
Note 29.10 Offsetting financial assets and liabilities
The below Note presents the recognised financial instruments that are offset or subject to enforceable master netting
arrangements and other similar agreements, but not offset as at March 31, 2017, March 31, 2016 and April 01, 2015.
a) Collateral against borrowings
The Group has hypothecated | mortgaged financial instruments as collateral against a number of its borrowings. Refer
to Note 17 for further information on financial and non-financial collateral hypothecated | mortgaged as security against
borrowings.
b) Master netting arrangements – not currently enforceable
Agreements with derivative counterparties are based on an ISDA Master Agreement. Under the terms of these
arrangements, only where certain credit events occur (such as default), the net position owing | receivable to a single
counterparty in the same currency will be taken as owing and all the relevant arrangements terminated. As the Group
does not presently have a legally enforceable right of set-off, these amounts have not been offset in the Balance Sheet.
Note 29.11 Earnings per share
Earnings per share (EPS) – The numerators and denominators used to calculate basic and diluted EPS:
Particulars
2016-17
2015-16
Profit for the year attributable to the Equity Shareholders
`
cr
323.35
274.27
Basic | Weighted average number of Equity shares outstanding during
the year
Number
2,96,61,733 2,96,61,733
Nominal value of Equity share
`
10
10
Basic and diluted EPS
`
109.01
92.47
Notes
to the Consolidated Financial Statements