PRIVI SPECIALITY CHEMICALS LIMITED Annual Report 2020-21

180 PRIVI SPECIALITY CHEMICALS LIMITED (Formerly known as Fairchem Speciality Limited) 33 Financial instruments a. Accounting classification and fair values The Group is exposed to the risks of changes in fair value of its financial assets and liabilities. The following table summarises the fair values and carrying amounts of financial instruments. As on March 31, 2021 Note Carrying value Fair value measurement using Amortised cost Financial assets/ liabilities at FVTPL Financial assets/ liabilities at FVOCI Total carrying amount Level 1 Level 2 Level 3 Financial assets: Trade receivables 10 23,903.85 – – 23,903.85 – – – Cash and cash equivalents 11 1,545.32 – – 1,545.32 – – – Bank balances other than cash and cash equivalents 12 428.63 – – 428.63 – – – Loans 5 993.27 – – 993.27 – – – Other financial assets 6 92.95 – – 92.95 – – – Financial liabilities: Non Current borrowings 14 a) 33,184.82 – – 33,184.82 – – 33,184.82 Current borrowings 15 16,433.30 – – 16,433.30 – – – Trade payables 18 16,739.41 – – 16,739.41 – – – Derivatives 19 – 637.03 – 637.03 – 637.03 – Lease liabilities 14 b) 587.70 – – 587.70 – 587.70 Other financial liabilities (other than lease liabilities) 19 9,901.03 – – 9,901.03 – – – * Investment in mutual funds and derivatives are mandatorily measured at FVTPL As on March 31, 2020 (Restated) Note Carrying value Fair value measurement using Amortised cost Financial assets/ liabilities at FVTPL Financial assets/ liabilities at FVOCI Total carrying amount Level 1 Level 2 Level 3 Financial assets: Investment in mutual funds 9 – 105.11 – 105.11 105.11 Trade receivables 10 22,890.06 – – 22,890.06 – – – Cash and cash equivalents 11 8,471.81 – – 8,471.81 – – – Bank balances other than cash and cash equivalents 12 359.76 – – 359.76 – – – Loans 5 817.34 – – 817.34 – – – Other financial assets 6 135.14 – – 135.14 – – – – Financial liabilities: Non Current borrowings 14 a) 22,571.76 – – 22,571.76 – – 22,571.76 Current borrowings 15 25,538.86 – – 25,538.86 – – – Trade payables 18 14,972.40 – – 14,972.40 – – – Derivatives 19 – 1,615.18 – 1,615.18 1,615.18 Lease liabilities 14 b) 699.06 – – 699.06 – – 699.06 Other financial liabilities (other than lease liabilities) 19 7,880.13 – – 7,880.13 – – * Investment in mutual funds and derivatives are mandatorily measured at FVTPL NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS for the year ended March 31, 2021 (Currency: Indian Rupees in lakhs)