Page 162 - Kolte Patil AR 2019-20

Notes forming part of the standalone financial statements

Fair value Fair value Total carrying Total Fair
Particulars Amortised cost
through P&L through OCI value Value*
Total 17,425 - 51,675 69,100 69,100
Liabilities:
Trade and other payables - - 17,082 17,082 17,082
Other borrowings - - 38,052 38,052 38,052
Other financial liabilities - - 11,221 11,221 11,221
Total - - 66,355 66,355 66,355
*The fair value of cash and cash equivalents, other balances with banks, trade receivables, Investment, other financial assets, trade payables,
borrowings and financial liabilities approximate their carrying amount largely due to the short term nature of these instruments.
The carrying value of financial instruments by categories as of March 31, 2019 is as follows:
(H in Lakhs)
Fair value Fair value Total carrying Total Fair
Particulars Amortised cost
through P&L through OCI value Value*
Assets:
Cash and cash equivalents - - 685 685 685
Other balances with banks - - 799 799 799
Trade receivables - - 10,270 10,270 10,270
Investments 22,228 - 9,776 32,004 32,004
Loans - - 5,764 5,764 5,764
Other financial assets - - 13,084 13,084 13,084
Total 22,228 - 40,378 62,606 62,606
Liabilities:
Trade and other payables - - 16,505 16,505 16,505
Other borrowings - - 45,759 45,759 45,759
Other financial liabilities - - 3,018 3,018 3,018
Total - - 65,282 65,282 65,282
* The fair value of cash and cash equivalents, other balances with banks, trade receivables, Investment, other financial assets, trade payables,
borrowings and financial liabilities approximate their carrying amount largely due to the short term nature of these instruments.
II) Financial risk management objectives
In the course of its business, the Company is exposed primarily to fluctuations in interest rates, equity prices, liquidity and credit risk, which
may adversely impact the fair value of its financial instruments. The Company assesses the unpredictability of the financial environment and
seeks to mitigate potential adverse effects on the financial performance of the Company.
III) Market Risk

Market risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in market prices. Market risk
comprises three types of risk: currency risk, interest rate risk and other price risk such as equity price risk and commodity price risk. The objective
of market risk management is to manage and control market risk exposures within acceptable parameters, while optimising the return.
Future specific market movements cannot be normally predicted with reasonable accuracy.
Currency risk: The Company does not have material foreign currency transactions. The company is not exposed to risk of change in foreign
currency.

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