Page 161 - FBL AR 2019-20

CORPORATE STATUTORY FINANCIAL
OVERVIEW STATEMENTS STATEMENTS

Notes to the Standalone financial statements for the year ended March 31, 2020

51 Categories of the financial instruments
( H in Lakhs )
Particulars March 31, 2020 March 31, 2019
a) Financial assets
Financial assets measured at fair value through Other comprehensive income
Investments in equity instruments -quoted 21.49 10.14
Investments in equity instruments -unquoted 4.11 51.64
Financial assets measured at fair value through profit or loss
Investments in mutual funds - unquoted - 114.79
Financial assets measured at amortised cost
(i) Trade receivables 7,744.28 6,560.18
(ii) Cash and cash equivalents 677.41 4,036.27
(iii) Bank balances other than (ii) above 2,559.54 5,036.92
(iv) Share application money - 597.00
(v) Loans 2,155.00 1,205.58
(vi) Other financial assets 1,699.80 722.25
Total Financial assets 14,861.63 18,334.77
b) Financial liabilities measured at amortised cost
(i) Borrowings 22,029.02 20,869.51
(ii) Lease liabilities 556.15 -
(iii) Trade payables 4,717.38 4,344.34
(iv) Other financial liabilities 1,616.17 3,110.63
Total Financial liabilities 28,918.72 28,324.48
52 Reconciliation of Level 3 fair value measurements:

Particulars March 31, 2020 March 31, 2019
Opening balance 51.64 4.11
Transfers during the year - 47.53
Total gains or (losses)
Recognised in standalone statement of profit and loss. (47.53) -
Closing balance 4.11 51.64

53 Fair value
Fair value of financial assets and financial liabilities that are not measured at fair value but fair value disclosures are required :
( H in Lakhs )
Carrying value Fair value
March 31, 2020 March 31, 2019 March 31, 2020 March 31, 2019
Financial assets
Trade receivables 7,744.28 6,560.18 7,744.28 6,560.18
Cash and cash equivalents 677.41 4,036.27 677.41 4,036.27
Bank balances other than cash and cash equivalents 2,559.54 5,036.92 2,559.54 5,036.92
Share application money - 597.00 - 597.00
Loans 2,155.00 1,205.58 2,155.00 1,205.58
Other financial assets 1,699.80 722.25 1,699.80 722.25
Total assets 14,836.03 18,158.20 14,836.03 18,158.20
Financial liabilities
Trade payables 4,717.38 4,344.34 4,717.38 4,344.34
Lease liabilities 556.15 - 556.15 -
Borrowings 22,029.02 20,869.51 22,029.02 20,869.51
Other financial liabilities 1,616.17 3,110.63 1,616.17 3,110.63
Total liabilities 28,918.72 28,324.48 28,918.72 28,324.48

The financial assets above do not include investments in subsidiaries which are measured at cost, investments in mutual funds measured at
fair value through profit and loss and investments in equity instruments measured at fair value through OCI.
The directors consider that the carrying amounts of financial assets and financial liabilities recognised in the standalone financial statements
approximate their fair values.

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