Amal Ltd | Annual Report 2023-24 The following table shows the maturity 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, 2024 Less than 1 year More than 1 year Total Borrowings - - - Trade payables 180.36 - 180.36 Creditors for capital goods 15.22 - 15.22 Security deposits payable 95.74 - 95.74 Employee benefits payable 33.54 - 33.54 (` lakhs) Contractual maturities of financial liabilities as at March 31, 2023 Less than 1 year More than 1 year Total Borrowings 0.62 - 0.62 Trade payables 239.36 - 239.36 Security deposits payable 23.19 - 23.19 Employee benefits payable 20.29 - 20.29 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: Borrowings of the Company was from Axis Bank Ltd and are mainly exposed to interest rate risk due to its variable interest rate borrowings. The interest rate risk arises due to uncertainties about the future market interest rate of these borrowings. As an estimation of the approximate impact of the interest rate risk, with respect to financial instruments, the Group has calculated the impact of a 25 bps change in interest rates. A 25 bps increase in interest rates would have led to approximately an additional impact of ` nil lakhs (2022-23: ` 0.02 lakhs). A 25 bps decrease in interest rates would have led to an equal but opposite effect. Note 29.8 Segment information The Company operates in a single business segment that is the manufacturing of bulk chemicals. The Board is the Chief Operating Decision Maker (the ‘CODM’) of the Company and makes operating decisions, assesses financial Note 29.7 Financial risk management (continued)
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