Amal Ltd 2020-21

Amal Ltd | Annual Report 2020-21 b) Liquidity risk Ultimate responsibility for liquidity risk management rests with the Board of Directors, who has approved an appropriate liquidity risk management framework for short, medium and long-term funding and liquidity management requirements of the Company. The Management monitors rolling forecasts of the liquidity position of the Company and cash and cash equivalents on the basis of expected cash flows and manages liquidity risk by continuously monitoring forecast and actual cash flows and by matching the maturity profiles of financial assets and liabilities. The following table shows thematurity analysis of financial liabilities of the Company based on contractually agreed undiscounted cash flows including contractual interest payment, as at the Standalone Balance Sheet date: ( ` lakhs) Contractual maturities of financial liabilities as at March 31, 2021 Less than 1 year More than 1 year Total Borrowings 200.00 200.00 400.00 Trade payables 314.57 - 314.57 Security deposits payable 17.18 - 17.18 Employee benefits payable 17.99 - 17.99 ( ` lakhs) Contractual maturities of financial liabilities as at March 31, 2020 Less than 1 year More than 1 year Total Borrowings 200.00 400.00 600.00 Trade payables 238.80 - 238.80 Security deposits payable 13.82 - 13.82 Employee benefits payable 13.46 - 13.46 c) Market risk i) Cash flow and fair value interest rate risk Maturity analysis of financial liabilities of the Company is based on contractually agreed undiscounted cash flows as at the Balance Sheet date: Entire borrowings of the Company are from Atul Ltd (holding company) and have a fixed rate of borrowing that is 0% and 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. Note 25.7 Financial risk management (continued)