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Annual Report 2016-17
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Notes forming part of consolidated onancial statements (Contd.)
33. Financial assets and liabilities
The carrying values and fair values of onancial instruments by categories are as follows:
(In
`
Million)
Financial assets/ onancial
liabilities
Basis of
measurement
As at March 31, 2017
As at March 31, 2016
As at April 1, 2015
Fair value
hierarchy
Carrying
value
Fair value
Carrying
value
Fair value
Carrying
value
Fair value
Assets:
Investments in associates
Cost
-
-
-
-
13.00
13.00
Investments in other equity
instruments
Fair value
106.28
106.28
116.72
116.72
41.93
41.93
/evel 3
Investments in tax free bonds*
Amortised cost
538.89
543.07
626.68
672.89
804.76
815.09
Investments in mutual funds
Fair value
6,193.93
6,193.93
5,640.25
5,640.25
6,109.71
6,109.71
/evel 1
/oans and advances
Amortised cost
146.40
146.40
95.35
95.35
68.37
68.37
Deposit with banks and onancial
institutions
Amortised cost
1,109.85
1,109.85
907.65
907.65
538.77
538.77
Cash and cash equivalents
(including unpaid dividend)
Amortised cost
1,462.58
1,462.58
1,401.40
1,401.40
988.13
988.13
Trade receivables
Amortised cost
4,753.83
4,753.83
4,275.49
4,275.49
3,585.76
3,585.76
Unbilled revenue
Amortised cost
1,761.88
1,761.88
1,599.58
1,599.58
801.81
801.81
Forward contracts
Fair value
412.80
412.80
164.40
164.40
107.32
107.32
/evel 2
Total
16,486.44
16,490.62
14,827.52
14,873.73
13,059.56
13,069.89
Liabilities:
Borrowings (including accrued
interest)
Amortised cost
27.24
27.24
32.68
32.68
46.81
46.81
Trade payables and deferred
payment liabilities
Amortised cost
1,229.96
1,229.96
1,603.66
1,603.66
497.00
497.00
Other onancial liabilities
(excluding borrowings)
Amortised cost
447.19
447.19
528.86
528.86
514.39
514.39
Total
1,704.39
1,704.39
2,165.20
2,165.20
1,058.20
1,058.20
* Fair value includes interest accrued
Fair value hierarchy:
The fair value hierarchy is based on inputs to valuation techniques that are used to measure fair value that are either observable or unobservable and
consists of the following three levels:
/evel 1 Inputs are quoted prices (unadjusted) in active markets for identical assets or liabilities.
/evel 2 Inputs are other than quoted prices included within /evel 1 that are observable for the asset or liability, either directly (i.e. as prices) or indirectly
(i.e. derived from prices).
/evel 3 Inputs are not based on observable market data (unobservable inputs). Fair values are determined in whole or in part using a valuation model
based on assumptions that are neither supported by prices from observable current market transactions in the same instrument nor are they
based on available market data.