Investor Presentaiton
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH, 2023
Particulars
Unclaimed dividends
Lease Liabilities
Figures in brackets are in respect of Previous year
NOTE 26:
A)
Fair Values and Hierarchy
134
Refer Note
Note 16
Less than 1 year
1-3 years
3-5 years
2.76
(1.74)
(-)
(-)
75.49
(60.08)
155.79
(108.02)
151.01
(106.63)
More than 5 years
(-)
201.82
(136.22)
Set out below, is a comparison by class of the carrying amounts and fair value of the Company's financial instruments, other than those with carrying
amounts that are reasonable approximations of fair values:
Particulars
Financial Assets
- Investments
- Others financial assets
Financial Liabilities
Borrowings
- Derivative Financial Liabilities (Net)
Hierarchy
(Crores)
Carrying Value/ Fair Value
As at
31.03.2023
As at
31.03.2022
Level One
Level One
3084.04
21.96
3643.50
17.47
Level Two
Level Two
290.91
1.09
4.01
The management assessed that cash and cash equivalents, trade receivables, trade payables, bank overdrafts and other current liabilities approximate
their carrying amounts largely due to the short-term maturities of these instruments.
The Fair Value of financial assets and liabilities included is the amount at which the instrument could be exchanged in a current transaction between
willing parties. The following methods and assumptions were used to estimate the fair value.
1.
2.
The Fair values of Debt Mutual Funds and Quoted Equities are based on NAV / Quoted Price at the reporting date. Further, the Company had
invested in Co-operative Societies and in certain other companies towards the corpus. These are non participative shares and normally no dividend
is accrued. The Company has carried these investments at it transaction value considering it to be its fair value.
The Company enters into Derivative financial instruments with counterparties principally with Banks with investment grade credit ratings. The
Interest Rate swaps, foreign exchange forward contracts are valued using valuation techniques which employs the use of market observable inputs
namely, Marked-to-Market.View entire presentation