174 Atul Ltd | Annual Report 2021-22 Note 28.8 Financial risk management (continued) a) Management of liquidity risk The principal sources of liquidity of the Company are cash and cash equivalents, investment in mutual funds, borrowings and the cash flow that is generated from operations. It believes that the current cash and cash equivalents, tied up borrowing lines and cash flow that are generated from operations are sufficient to meet the requirements. Accordingly, liquidity risk is perceived to be low. The following table shows the maturity analysis of financial liabilities of the Company based on contractually agreed undiscounted cash flows as at the Standalone Balance Sheet date: (` cr) As at March 31, 2022 Note Carrying amount Less than 12 months More than 12 months Total Trade payables 18 619.95 619.95 - 619.95 Security and other deposits 15 31.09 31.09 - 31.09 Employee benefits payable 15 59.50 59.50 - 59.50 Creditors for capital goods 15 34.51 34.51 - 34.51 Other liabilities 15 7.37 4.64 2.73 7.37 As at March 31, 2021 Note Carrying amount Less than 12 months More than 12 months Total Trade payables 18 562.68 562.68 - 562.68 Security and other deposits 15 30.29 30.29 - 30.29 Employee benefits payable 15 55.56 55.56 - 55.56 Creditors for capital goods 15 32.90 32.90 - 32.90 Other liabilities 15 6.93 4.40 2.53 6.93 Derivatives (settlement on net basis) 15 1.62 1.62 - 1.62 b) Management of market risk The size and operations of the Company exposes it to the following market risks that arise from its use of financial instruments: i) price risk ii) foreign exchange risk The above risks may affect income and expenses or the value of its financial instruments. Its objective for market risk is to maintain this risk within acceptable parameters while optimising returns. The exposure to these risks and the management of these risks are explained as follows:
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