Annual report 2012-2013 - Grasim

NOTES FORMING PART OF THE
CONSOLIDATED FINANCIAL STATEMENTS
Grasim Industries Limited - Annual Report 2012-2013
4.13 DISCLOSURE OF DERIVATIVE INSTRUMENTS
4.13.1 Derivative Instruments as on 31st March, 2013:
In Crore
Type of Instrument Purpose Currency Current Previous Cross
Year Year Currency
(a) Forward Contracts Exports
(For hedging of foreign (Receivables) USD 0.10 1.90 INR
currency exposures)
Buyers Credit USD 3.68 1.17 INR
Others USD 1.97 - INR
EURO 0.88 0.34 INR
Imports EURO 0.22 0.80 USD
(Payables) USD 4.22 4.03 INR
Overseas Direct
Investment CAD 0.25 - USD
PCFC USD 1.50 - INR
(b) Currency and Interest Rate ECB USD 40.28 25.78 INR
Swaps (For hedging of foreign JPY 2,127.93 2,456.16 INR
currency and interest rate exposures) SGD 1.77 - INR
(c) Currency Option and Interest Imports USD 0.15 - INR
Swaps (For hedging of
foreign currency and interest
rate exposures)
CONSOLIDATED FINANCIAL STATEMENTS
140
4.13.2 Derivatives for hedging South African Coal price risk (from floating price to fixed price), outstanding
as on March 31, 2013, are as under:
Particulars Quantity Currency Current Previous
Hedged Year Year
South African Coal Fixed Price Swaps 45000 USD - 0.46
Metric Tonne
4.13.3 Unhedged Foreign Currency Exposure as on 31st March, 2013
Amount in Foreign Equivalent
Currency (In Crore) ` in Crore
Foreign Current Previous Current Previous
Currency Year Year Year Year
Exports (Receivables) USD 5.95 4.12 323.16 209.72
Euro 0.98 1.50 68.11 101.89
Imports (Payables) USD 0.38 1.51 20.63 76.80
Euro 0.02 0.07 1.39 4.90
JPY - 15.44 - 9.48
Bank Balance USD 0.30 0.14 16.16 7.14
Borrowings USD 4.34 - 235.58 -
Loans (Receivables) CAD 0.68 0.71 36.30 36.24