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Annual Report 2016-17
31. 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 subsidiaries and associates
Cost
2,695.25 2,695.25
1,416.14 1,416.14 1,006.93 1,006.93
Investments in other equity instruments
Fair value
6.00
6.00
6.00
6.00
6.00
6.00 /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
447.21
447.21
79.41
79.41
373.72 373.72
Deposit with banks and onancial institutions Amortised cost
1,101.88 1,101.88
906.17 906.17
537.38 537.38
Cash and cash equivalents (including unpaid
dividend)
Amortised cost
451.03 451.03
500.47 500.47
485.74 485.74
Trade receivables
Amortised cost
4,781.35 4,781.35
3,815.07 3,815.07 2,542.12 2,542.12
Forward contracts
Fair value
412.80 412.80
164.40 164.40 107.32 107.32 /evel 2
Share application money pending allotment
Cost
-
-
668.00 668.00
-
-
Unbilled revenue
Amortised cost
580.93 580.93
516.40 516.40 275.68 275.68
Other advances
Amortised cost
49.87
49.87
40.84 40.84
21.16
21.16
Total
17,259.14 17,263.32
14,379.83 14,426.04 12,270.52 12,280.85
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
1,178.77 1,178.77
1,055.67 1,055.67 300.89 300.89
Other onancial liabilities (excluding
borrowings)
Amortised cost
112.87 112.87
107.62
107.62
135.90 135.90
Total
1,318.88 1,318.88
1,195.97 1,195.97 483.60 483.60
* 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.
Notes forming part of onancial statements (Contd.)