Amal Ltd 2016-17

97 Notes to the Financial Statements Contractual maturities of financial liabilities March 31, 2016 Less than 1 year More than 1 year Total Borrowings 42,500 2,24,347 2,66,847 Trade payables 25,746 25,746 Retention payable 140 140 Employee benefit payable 346 346 Provision for expenses 4,376 4,376 Total financial liabilities 73,108 2,24,347 2,97,455 Contractual maturities of financial liabilities April 1, 2015 Less than 1 year More than 1 year Total Borrowings - 2,66,847 2,66,847 Trade payables 24,881 24,881 Retention payable - Employee benefit payable - Provision for expenses 4,634 4,634 Total financial liabilities 29,515 2,66,847 2,96,362 (C) Market risk (i) Cash flow and fair value interest rate risk The Company’s entire borrowings, are from Atul Ltd (Holding Company) and are fixed rate borrowings that is 0%, are carried at amortised cost. They are therefore not subject to interest rate risk as defined in Ind AS 107, since neither the carrying amount nor the future cash flows will fluctuate because of a change in market interest rates. (ii) Price risk (a) Exposure The Company’s exposure to equity securities price risk arises from unquoted equity investments and quoted mutual funds held by the Company and classified in the balance sheet as fair value through profit and loss. To manage its price risk arising from investments in equity securities, the Company invests only in accordance with the limits set by the Company. (b) Sensitivity Contractual maturities of financial liabilities March 31, 2016 Impact on other components of equity March 31, 2017 March 31, 2016 Price increase by 10%* 1,929 21 Price decrease by 10%* (1,929) (21) * Ceteris Paribus