   

0 Mar-20
‘The mark-to-market loss as at the end of the period / year (10080) (14660)
‘The amount recognized in Other Comprehensive Income for the 45.90 (10280)
period / year
‘The amount recognized in Statement of Profit and Loss for the (0.20) (5.00)
period /year

‘The company also has an Interest Rate collar for hedging the interest rate risk of one of its external commercial borrowings

 

Dec-20 0
‘The mark-to-market loss as at the end of the period / year (12.10) (11.10)
‘The amount recognized in Other Comprehensive Income for the (1.00) (11.10)

period

In addition to the above contract, the company has taken a call option contract which are designated as hedges.

Dec-20 Mar-20
‘The mark-to-market loss as at the end of the period / year 11.80 4380
‘The amount recognized in Other Comprehensive Income for the (32.00) 85.50

period

In case of currency swaps, the effective portion of cash flow hedges, is recognized in OCI in the cash flow hedge reserve, while any ineffective
portion is recognised immediately in profit or loss. Amounts recognised as Other Comprehensive Income (OCI) are transferred to profit or loss
when the hedged transaction affects profit or loss, such as when the hedged financial income or financial expense is recognised or when a
forecast sale occurs when the hedged item is the cost of a non-financial asset or non-financial liability, the amounts recognised as OCI are
transferred to the initial carrving amount of the non-financial asset or liabilitv.

‘The mark-to-market loss as at the end of the period / year
‘The amount recognized in Statement of OCI for the period /

year

  

effect given to OCI on account of restatement loss of the 109.20 (103.00)
underlying foreign currency loans

Note: For the purpose of relevance, details for the two most recent reporting periods are disclosed.

Credit Risk:
Credit risk is the risk of financial loss to the Company if a customer or counter-party fails to meet its contractual obligations.

Trade receivables:

‘The Company periodically assesses the financial reliability of customers / corporates taking into account the financial condition, current
economic trends, analysis of historical bad debts and ageing of accounts receivable. These include customers / corporates, which have high credit-
ratings assigned by international and domestic credit-rating agencies. Individual risk limits are set accordingly. The Company's trade and other
receivables, including loans under customer financing activities, consists of a large number of customers, across geographies, hence the Company
is not exposed to concentration risk. During the period under review, the company’s credit exposure to any single customer did not exceed 10%
of its total trade receivables.

‘The company has used a practical expedient by computing the expected credit loss allowance for trade receivable based on a provision matrix.
‘The provision matrix takes into account historical credit loss experience and adjusted for forward-looking information.

Movement in Credit loss allowance

December 31 March 312020 March 312019 March 312018

 

2020

Balance as at beginning of the period / year 80.34 64.85 70.30 7085
Allowance for bad and doubtful during the period / year 30.74 1652 45.56 42.62
‘Trade receivables written off during the period / year (13.82) (1.03) (51.01) (43.17)
Balance as at the end of the period / year 97.26 80.34 64.85 70.30

Other financial asset

 

=> Investment in Bhatia Coke & Energy Limited
Bhatia Coke & Energy Limited is under "Corporate Insolvency resolution process" as per the MCA website. Also, the management of the Company
is taken over by an insolvency professional appointed by the National Company Law Tribunal (NCLT).

Given this, the Group has fair valued the investment to NIL as at 31-Dec-20. Fair value loss recognized in OCI for the period ended 31st December
2020 is Rs.11.00 million

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