AGS Transact Technologies Limited
Annexure VI: Notes to the Revised Restated Consolidated Financial Information

Note 46
Financial instruments — Fair values an

 

isk management

Market risk
Market risk is the risk that changes in market prices ~ such as foreign exchange rates, inerest rates etc. — will affect the Group’s income or the value ofits holdings of financial instruments. The objective of market risk
‘management is to manage and control market rsk exposures within acceptable parameters, while optimising the return, The Group uses derivatives to manage market risks

 

 

a. Currency ris
‘The functional curreney of the Group is INR. The Group is exposed to cure
currency. The Group uses forward exchange contracts to hedge is currency risk on borrowings, most with

 

risk tothe exten that there is a mismatch between the currencies in which sales, purchases and borrowings ate denominated and the funcional

 

 

maturity of less than one year from the reporting date.
Exposure on trade receivables and trade payables is unhedged. The Group manages itself against currency rsk of External Commercial Borrowings by entering into cross-currency swaps.

‘The summary quantitative data about the Group's exposure to currency risk is as follows (the amounts below have been presented in the respective foreign currencies}

in million)

 

 

 

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 

 

 

Bi August 2025 usp EUR PY sGD ‘NZD
‘Financial assets (A)
“Trade and other receivables 2.04 oor oor : 0.03
2.04 oor 0.01 : 0.03
nan tes (B)
‘Trade and other payables 064 0.70 : 0.36 .
Term loan (‘ECB’) 25.00 e - :
Ingerest and other charges on term loan 0.06 f a Z
CECB)
Less: Forward Contracts (25.06) : : x x
0.64 070 : 036 z
Net exposure (AB) a0 TO} oot 5) m7
(in million)
34 March 2021 usb EUR IPY SGD ‘NZD
‘Financial assets (A)
‘Trade and other receivables 167 oon 1.06. z a
167 or 1.06. = a
Financ tes (B)
‘Trade and other payables 0.68 070 2% oat -
Term loan (‘ECB’) 8.00 z . : 2
Interest and other charges on term loan 0.09 . = “
CECB)
Less: Forward Contracts (03) : : : -
074 70 é oar :
Net exposure (A-B) oH (0) 106 ey 5
Gin milion)
ch 2020 usp EUR 2Y GD ‘NZD
assets (A)
‘Trade and other receivables 2a7 oot 184 0.00 0.00
2aT, 01 7 0.00 0.00
tes (B)
‘Trade and ather payables ost 0.70 * * 7
Buyer's credit 067 . « - :
Foreign currency non-resident Lao - . - :
CFCNR’) loan
Ingorest on FCN 0.02 : E . ‘i
Less: Forward contracts 2.10) E a : 5
050 070 z z =
Net exposure (A-B) La oy 184 0.00 0.00
in milion)
i March 2019 usp EUR WY saD ‘NZD
"Financial assets (A)
‘Trade and other receivables 67 0.02 2% é =
067 0.02 = z z
Financial abilities (B)
‘Trade and other payables 256 126 “ * “
Buyer's credit # . : :
Foreign curtency non-resident 7" - - :
(CFCNR’) loan |
lngerest on FCNR : - : 4
Less: Forward contracts 5 - : 7
256 126 z = zi
Net exposure (A-B) (89) 29) : : z

 

‘The following significant exchange rates have been applied in respective yeas:

 

Currency SL August 2021 31 March 202131 March 2020 31 March 2019
UsD Tals 73.50 75.39) ai?
EUR 86.53 6.10 83.05, 77.0
BY 0.66 0.66 0.70 Na,
scD 54.63 5453 5294 51.23
NzD. 51.37 NA NA NA

 

 

‘A reasonably possible strengthening (weakening) of the Indian Rupee against USD, EUR, SGD, JPY and NZD at reporting date would have affected the measurement of financial instruments denominated in foreign currencies
and affected Revised Restated Consolidated Statement of Profit and Loss by the amounts shown below. This analysis assumes that all other variables, in particular interest rates, remain constant and ignores any impact of
Forecast sales and purchases.

 

 

 

 

in milion)
‘3H August 2021 ‘31 March 2021 ‘31 March 2020 ‘31 March 2019
Effect in INR. Strengthening Weakening Strengthening Weakening Strengthening Weakening Strengthening —_ Weakening
5% movement
usb 6.12) 5.12 @.40) 3.40 ay 6a1 654 (654)
EUR 299 239) 297 97 2.88 288) 4.82 (amy
BY - (0.04) 0.04 (0.06) 0.06 : :
scp asa (038) 030 (0.20) : : é
NzD. (0.08) 0.08 é z a : -
(23) 1.23 way 07 Ga) Ex) T36 39)

 

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