Annual Report 2016-17

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Notes forming part of onancial statements (Contd.)
274 • Annual Report 2016-17
32. 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
240.52 USD 3.71 64.85 390.65 USD 5.90 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
Investments 2,606.97 USD 40.20 64.85 1,361.94 USD21.20 66.24
23.21 SGD 0.50 46.42 24.63 SGD 0.50 49.26
105.85 EUR 1.53 69.29 113.07 EUR 1.50 75.38
79.94 MYR 5.45 14.67 93.17 MYR 5.45 17.10
Share application money - - - 662.43 USD 10.00 66.24
Trade and other payables 893.85 USD 13.78 64.85 778.39 USD 11.75 66.24
3.15 MYR 0.21 14.67 0.03 MYR 0.002 17.10
1.87 EUR 0.03 69.29 9.76 EUR 0.13 75.38
8.13 AUD 0.16 49.58 - - -
25.19 GBP 0.31 80.90 - - -
34.70 CAD 0.71 48.59 - - -
0.35 AED 0.02 17.66 - - -
2.70 ZAR 0.56 4.86 0.82 =AR 0.18 4.50
Inter corporate deposit Given 317.76 USD 4.90 64.85 - - -
Interest accrued on
Inter corporate deposit Given
7.01 USD 0.11 64.85 2.62 USD 0.04 66.24
Advances given 48.89 USD 0.75 64.85 38.10 USD 0.58 66.24
- - - 0.82 EUR 0.01 75.38
- - - 0.21 SGD 0.004 49.26
0.98 GBP 0.01 80.90 0.38 GBP 0.004 95.45
- - - 0.10 /KR 0.22 0.46
- - - 1.23 MYR 0.07 17.10