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40. Fair value hierarchy
All financial instruments for which fair value is recognised or disclosed are categorised within the fair value hierarchy,
described as follows, based on the lowest level input that is insignificant to the fair value measurements as a whole.
Level 1 : quoted (unadjusted) prices in active markets for identical assets or liabilities.
Level 2 : valuation techniques for which the lowest level inputs that has a significant effect on the fair value measurement
are observable, either directly or indirectly.
Level 3 : valuation techniques for which the lowest level input which hass a significant effect on fair value measurement is
not based on observable market data.
(
`
in crores)
Date of
valuation
Fair value measurement using
Total
Quoted prices in
active markets
(Level 1)
Significant
observable inputs
(Level 2)
Significant
unobservable
inputs (Level 3)
Assets measured at fair value:
Security deposits
31-Mar-17 8.48
-
-
8.48
The following table provides the fair value measurement hierarchy of the Company’s assets and liabilities.
Quantitative disclosures fair value measurement hierarchy for assets as at 31 March 2017:
(
`
in crores)
Date of
valuation
Fair value measurement using
Total
Quoted prices in
active markets
(Level 1)
Significant
observable inputs
(Level 2)
Significant
unobservable
inputs (Level 3)
Liabilities measured at fair value:
Borrowings
31-Mar-17 2.70
-
-
2.70
There have been no transfers between Level 1 and Level 2 during the period.
Quantitative disclosures fair value measurement hierarchy for liabilities as at 31 March 2017:
(
`
in crores)
Date of
valuation
Fair value measurement using
Total
Quoted prices in
active markets
(Level 1)
Significant
observable inputs
(Level 2)
Significant
unobservable
inputs (Level 3)
Assets measured at fair value:
Security deposits
31-Mar-16 7.44
-
-
7.44
There have been no transfers between Level 1 and Level 2 during the period.
Quantitative disclosures fair value measurement hierarchy for liabilities as at 31 March 2016:
(
`
in crores)
Date of
valuation
Fair value measurement using
Total
Quoted prices in
active markets
(Level 1)
Significant
observable inputs
(Level 2)
Significant
unobservable
inputs (Level 3)
Liabilities measured at fair value:
Borrowings
31-Mar-16 2.42
-
-
2.42
There have been no transfers between Level 1 and Level 2 during year ended 31 March 2016.
There have been no transfers between Level 1 and Level 2 during the year ended 31 March 2016.
Quantitative disclosures fair value measurement hierarchy for liabilities as at 31 March 2016:
Notes on the standalone financial statements
for the year ended 31 March 2017