Amal Ltd 2018-19

89 Note 32: Fair value measurements (continued) ( ` 000) Particulars As at March 31, 2019 As at March 31, 2018 FVPL FVOCI Amortised cost FVPL FVOCI Amortised cost Financial liabilities Borrowings - - 1,18,246 - - 1,34,406 Trade payables - - 19,163 - - 19,441 Employee benefits payable - - 997 - - 699 Retentions payable - - 1,064 - - 670 Total financial liabilities - - 1,39,470 - - 1,55,216 b) Fair value hierarchy This section explains the judgements and estimates made in determining the fair values of the financial instruments that are (a) recognised and measured at fair value and (b) measured at amortised cost and for which fair values are disclosed in the Financial Statements. To provide an indication about the reliability of the inputs used in determining fair value, the Company has classified its financial instruments into the three levels prescribed under the accounting standard. An explanation of each level follows underneath the table. ( ` 000) Assets and liabilities as at March 31, 2019 Level 1 Level 2 Level 3 Total Measured at fair value - recurring fair value measurements Financial assets Mutual funds - 94,930 - 94,930 Investment in equity shares - - 210 210 For which fair values are disclosed Financial assets Security deposits for utilities and premises - - 3,905 3,905 Trade receivables - - 1,15,107 1,15,107 Financial liabilities Borrowings - - 1,18,246 1,18,246 Trade payables - - 19,163 19,163 Employee benefits payable - - 997 997 Retentions payable - - 1,064 1,064 Notes to the Financial Statements