Amal Ltd 2018-19

93 Note 33: Financial risk management (continued) The following tables show the maturity analysis of financial liabilities of the Company based on contractually agreed undiscounted cash flows including contractual interest payment, as at the Balance Sheet date: ( ` 000) Contractual maturities of financial liabilities as at March 31, 2019 Less than 1 year More than 1 year Total Borrowings 94,347 60,000 1,54,347 Trade payables 19,163 - 19,163 Retentions payable 1,064 - 1,064 Employee benefits payable 997 - 997 ( ` 000) Contractual maturities of financial liabilities as at March 31, 2018 Less than 1 year More than 1 year Total Borrowings 40,000 1,54,347 1,94,347 Trade payables 19,441 - 19,441 Retention payables 670 - 670 Employee benefits payable 699 - 699 C) Market risk i) Cash flow and fair value interest rate risk Entire borrowings of the Company 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 is mainly exposed to the price risk due to its investments in mutual funds. The price risk arises due to uncertainties about the future market values of these investments. In order to manage its price risk arising from investments in equity instruments, the Company maintains its portfolio in accordance with the framework set by the risk management policies. b) Sensitivity ( ` 000) Particulars Impact on other components of equity March 31, 2019 March 31, 2018 Price increase by 10%* 9,493 4,187 Price decrease by 10%* (9,493) (4,187) *Ceteris Paribus Notes to the Financial Statements