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Notes on the consolidated financial statements
for the year ended 31 March 2017
42. Financial risk management objectives and policies
(contd...)
(
`
in crores)
On demand Less than 3
months
3 to 12
months
1 to 5 years > 5 years
Total
Year ended 31 March 2016
Borrowings*
110.49
10.69
30.38
139.36
5.19
296.11
Trade payables
12.36
273.96
6.46
-
-
292.78
Other financial liabilities
45.31
11.22
38.92
-
-
95.45
168.16
295.87
75.76
139.36
5.19
684.34
As at 1 April 2015
Borrowings*
133.91
3.13
18.26
96.40
-
251.70
Trade payables
9.30
240.12
3.59
-
-
253.01
Other financial liabilities
42.65
8.53
16.20
0.18
-
67.56
185.86
251.78
38.05
96.58
-
572.27
* In absolute terms i.e. undiscounted and including current maturity portion
IV. Excessive risk concentration
Concentrations arise when a number of counterparties are engaged in similar business activities, or activities in the same
geographical region, or have economic features that would cause their ability to meet contractual obligations to be
similarly affected by changes in economic, political or other conditions. Concentrations indicate the relative sensitivity of
the Company’s performance to developments affecting a particular industry.
The Company’s manufacturing facilities are situated in different geographies. Similarly the distribution network is spread
PAN India.
43. Capital Management
“The objective of the Company’s capital management structure is to ensure that there remains sufficient liquidity within the
Company to carry out committed work programme requirements. The Company monitors the long term cash flow requirements
of the business in order to assess the requirement for changes to the capital structure to meet that objective and to maintain
flexibility.
The Company manages its capital structure and makes adjustments to it, in light of changes to economic conditions. To
maintain or adjust the capital structure, the Company may adjust the dividend payment to shareholders, return capital, issue
new shares for cash, repay debt, put in place new debt facilities or undertake other such restructuring activities as appropriate
No changes were made in the objectives, policies or processes during the year ended 31 March 2017.
(
`
in crores)
31 March 2017
31 March 2016 1 April 2015
Borrowings
213.16
293.65
251.71
Total Debts
213.16
293.64
251.71
Total equity
1,251.14
1,048.03
838.47
Gearing ratio (%)
17.0%
28.0%
30.0%