Atul Ltd 2018-19

Note 29.7 Fair value measurements (continued) ( ` cr) iv) Assets and liabilities for which fair values are disclosed as at March 31, 2018 Note Level 1 Level 2 Level 3 Total Financial assets Investments: Government securities 6.2 - 0.01 - 0.01 Investment in NHAI bonds 6.2 - 0.10 - 0.10 Security deposits for utilities and premises 8 - - ǧȦǪǮ ǧȦǪǮ ¹ūƥîŕ ǛŠîŠČĿîŕ îƙƙĚƥƙ - 0.11 1.48 1.59 Financial liabilities Borrowings 16 - - 15.91 15.91 Security deposits 17 - - ǨǨȦǪǬ ǨǨȦǪǬ ¹ūƥîŕ ǛŠîŠČĿîŕ ŕĿîċĿŕĿƥĿĚƙ - - 38.37 38.37 Investment properties 3 - - 141.00 141.00 ¹Includes investments in Bharuch Enviro Infrastructure Ltd (70,000 equity shares), in Narmada Clean Tech Ltd (7,15,272 equity ƙĺîƑĚƙȴ îŠē ĿŠ ~¡H¬ ¡ūǅĚƑ HƭŏîƑîƥ ¡Ǆƥ gƥē ȳǫȡǦǩȡǦǦǦ ĚƐƭĿƥǋ ƙĺîƑĚƙȴ ǅĺĿČĺ îƑĚ ljūƑ ūƎĚƑîƥĿūŠ ƎƭƑƎūƙĚƙ îŠē ƥĺĚ ūŞƎîŠǋ ĚǊƎĚČƥƙ Ŀƥƙ ƑĚljƭŠē ūŠ ĚǊĿƥȦ ¹ĺĚ ūŞƎîŠǋ ĚƙƥĿŞîƥĚƙ ƥĺîƥ ƥĺĚ ljîĿƑ ǄîŕƭĚ ūlj ƥĺĚƙĚ ĿŠǄĚƙƥŞĚŠƥƙ Ŀƙ Šūƥ ŞîƥĚƑĿîŕŕǋ ēĿljljĚƑĚŠƥ îƙ compared to its cost. There were no transfers between any levels during the year. gĚǄĚŕ ǧȠ gĚǄĚŕ ǧ ĺĿĚƑîƑČĺǋ ĿŠČŕƭēĚƙ ǛŠîŠČĿîŕ ĿŠƙƥƑƭŞĚŠƥƙ ŞĚîƙƭƑĚē ƭƙĿŠij ƐƭūƥĚē ƎƑĿČĚƙȦ ¹ĺĚ ljîĿƑ ǄîŕƭĚ ūlj îŕŕ ĚƐƭĿƥǋ ĿŠƙƥƑƭŞĚŠƥƙ ǅĺĿČĺ îƑĚ ƥƑîēĚē ūŠ ƥĺĚ ¬ƥūČŒ /ǊČĺîŠijĚƙ Ŀƙ ǄîŕƭĚē ƭƙĿŠij ƥĺĚ ČŕūƙĿŠij ƎƑĿČĚ îƙ îƥ ƥĺĚ ƑĚƎūƑƥĿŠij ƎĚƑĿūēȦ gĚǄĚŕ ǨȠ ¹ĺĚ ljîĿƑ ǄîŕƭĚ ūlj ǛŠîŠČĿîŕ ĿŠƙƥƑƭŞĚŠƥƙ ƥĺîƥ îƑĚ Šūƥ ƥƑîēĚē ĿŠ îŠ îČƥĿǄĚ ŞîƑŒĚƥ ȳljūƑ ĚǊîŞƎŕĚȡ ūǄĚƑȹƥĺĚȹČūƭŠƥĚƑ ēĚƑĿǄîƥĿǄĚƙȴ Ŀƙ ēĚƥĚƑŞĿŠĚē ƭƙĿŠij ǄîŕƭîƥĿūŠ ƥĚČĺŠĿƐƭĚƙ ǅĺĿČĺ ŞîǊĿŞĿƙĚ ƥĺĚ ƭƙĚ ūlj ūċƙĚƑǄîċŕĚ ŞîƑŒĚƥ ēîƥî îŠē ƑĚŕǋ îƙ ŕĿƥƥŕĚ îƙ ƎūƙƙĿċŕĚ ūŠ ĚŠƥĿƥǋȹƙƎĚČĿǛČ ĚƙƥĿŞîƥĚƙȦ ¹ĺĚ Şƭƥƭîŕ ljƭŠē ƭŠĿƥƙ îƑĚ ǄîŕƭĚē ƭƙĿŠij ƥĺĚ ČŕūƙĿŠij ŠĚƥ îƙƙĚƥƙ ǄîŕƭĚȦ Tlj îŕŕ ƙĿijŠĿǛČîŠƥ ĿŠƎƭƥƙ ƑĚƐƭĿƑĚē to fair value an instrument are observable, the instrument is included in level 2. gĚǄĚŕ ǩȠ Tlj ūŠĚ ūƑ ŞūƑĚ ūlj ƥĺĚ ƙĿijŠĿǛČîŠƥ ĿŠƎƭƥƙ Ŀƙ Šūƥ ċîƙĚē ūŠ ūċƙĚƑǄîċŕĚ ŞîƑŒĚƥ ēîƥîȡ ƥĺĚ ĿŠƙƥƑƭŞĚŠƥ Ŀƙ ĿŠČŕƭēĚē ĿŠ ŕĚǄĚŕ ǩȦ b) Valuation technique used to determine fair value ¬ƎĚČĿǛČ ǄîŕƭîƥĿūŠ ƥĚČĺŠĿƐƭĚƙ ƭƙĚē ƥū ǄîŕƭĚ ǛŠîŠČĿîŕ ĿŠƙƥƑƭŞĚŠƥƙ ĿŠČŕƭēĚȠ i) the use of quoted market prices or dealer quotes for similar instruments, ĿĿȴ ƥĺĚ ljîĿƑ ǄîŕƭĚ ūlj ljūƑǅîƑē ljūƑĚĿijŠ ĚǊČĺîŠijĚ ČūŠƥƑîČƥƙ îƑĚ ēĚƥĚƑŞĿŠĚē ƭƙĿŠij ljūƑǅîƑē ĚǊČĺîŠijĚ ƑîƥĚƙ îƥ ƥĺĚ îŕîŠČĚ Sheet date, iii) the fair value of foreign currency option contracts is determined using the Black Scholes valuation model, ĿǄȴ ƥĺĚ ljîĿƑ ǄîŕƭĚ ūlj ƥĺĚ ƑĚŞîĿŠĿŠij ǛŠîŠČĿîŕ ĿŠƙƥƑƭŞĚŠƥƙ Ŀƙ ēĚƥĚƑŞĿŠĚē ƭƙĿŠij ēĿƙČūƭŠƥĚē Čîƙĺ ǜūǅƙ îŠîŕǋƙĿƙȦ All of the resulting fair value estimates are included in level 1, 2 and 3. c) Valuation processes ¹ĺĚ ǛŠîŠČĚ ēĚƎîƑƥŞĚŠƥ ūlj ƥĺĚ HƑūƭƎ ĿŠČŕƭēĚƙ î ƥĚîŞ ƥĺîƥ ƎĚƑljūƑŞƙ ƥĺĚ ǄîŕƭîƥĿūŠƙ ūlj ǛŠîŠČĿîŕ îƙƙĚƥƙ îŠē ŕĿîċĿŕĿƥĿĚƙ ƑĚƐƭĿƑĚē ljūƑ ǛŠîŠČĿîŕ ƑĚƎūƑƥĿŠij ƎƭƑƎūƙĚƙȡ ĿŠČŕƭēĿŠij ŕĚǄĚŕ ǩ ljîĿƑ ǄîŕƭĚƙȦ 230 Atul Ltd | Annual Report 2018-19 Corporate Overview 01-22 Statutory Reports 23-105 Financial Statements 107-250