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Notes forming part of consolidated onancial statements (Contd.)
Annual Report 2016-17
•
211
34. Derivative instruments and un-hedged foreign currency exposures
(i) Forward contracts outstanding at the end of the year:
(In
`
Million)
As at
March 31, 2017
As at
March 31, 2016
Forward contracts to sell USD: Hedging of expected future sales of USD 90 Million
(Previous year USD 104 Million)
6,360.30
7,252.54
(ii) Details of un-hedged foreign currency exposures at the end of the year:
As at March 31, 2017
As at March 31, 2016
In
`
million
Foreign
currency
(In million)
Conversion
rate (
`
)
In
`
million
Foreign
currency
(In million)
Conversion
rate (
`
)
Bank balances
0.24 JPY 0.42
0.58
0.08
JPY 0.14
0.59
369.57 USD 5.70
64.85
494.54
USD 7.47
66.24
16.78 GBP 0.21
80.90
13.98
GBP 0.15
95.45
3.44 CAD 0.07
48.59
2.68
CAD 0.05
51.20
4.00 EUR 0.06
69.29
2.77
EUR 0.04
75.38
3.16 AUD 0.06
49.58
-
-
-
56.29 ZAR 11.59
4.86
0.97
=AR 0.22
4.50
Trade and other
payables
14.90 USD 0.22
64.85
8.10
USD 0.12
66.24
3.15 MYR 0.21
14.67
0.03
MYR 0.002
17.10
4.00 EUR 0.06
69.29
1.03
EUR 0.01
75.38
0.35 AED 0.02
17.66
-
-
-
8.21
AUD 0.16
49.58
-
-
-
34.70 CAD 0.71
48.59
-
-
-
25.36 GBP 0.31
80.90
-
-
-
2.70 ZAR 0.56
4.86
0.82
=AR 0.18
4.50
Trade receivables
1,098.05 USD 16.93
64.85
376.08
USD 5.68
66.24
119.63
EUR 1.73
69.29
142.28
EUR 1.89
75.38
38.98 GBP 0.48
80.90
41.11
GBP 0.43
95.45
32.91
CAD 0.68
48.59
57.49
CAD 1.12
51.20
26.07 AUD 0.53
49.58
14.71
AUD 0.29
50.95
26.51
ZAR 5.46
4.86
11.99
=AR 2.66
4.50
0.28 NOK 0.04
7.55
-
-
-
2.66 SEK 0.37
7.26
-
-
-
-
-
-
1.81
N=D 0.04
49.95
35. Operating leases
The Group has taken equipment and ofoce premises on lease under cancellable operating lease arrangements.
Further, the Group has also taken certain land and ofoce premises under non-cancellable operating lease agreement
for a period of 3 – 15 years. There are no restrictions imposed by the lease agreements. There are no subleases. The
Group has an option to renew the lease agreements at the end of the lease period.
Maximum obligation on long–term non-cancellable operating lease payable as per the rentals stated in respective
agreement and the lease rentals recognized on cancellable and non-cancellable leases is as follows: