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Annual Report 2011-12
41. Hedged and Unhedged Foreign Currency Exposure
(a) Particulars of hedged buyers credit borrowing/ import trade payables at applicable exchange rates in respect of Forward
Contracts outstanding as at Balance Sheet date
92
Currency Exchange
rates
(`)
As at 31 March, 2012 As at 31 March, 2011
Amount in
Foreign Currency
(US$
in lacs)
Amount
(`in lacs)
Exchange
rates
(`)
Amount in
Foreign Currency
(US$
in lacs)
Amount
(`in lacs)
USD 45.83-55.295 476.14 24,224.49 44.83-46.64 210.84 9,645.16
(b) Particulars of Unhedged Foreign Currency exposure as at the Balance Sheet date.
Particulars Currency Amount in
respective
currency
(in lacs)
Trade Payables
Trade
Receivables
Provision for
Liability
Buyer’s Credit
Borrowings
External
Commercial
Borrowing
As at 31 March, 2012 As at 31 March, 2011
Exchange
Rate
(`)
Amount (`in
lacs)
Amount in
respective
currency
( in lacs)
Exchange
Rate
(`)
Purpose
To hedge buyers
credit borrowing/
import vendors
Amount
(`in lacs)
USD 32.92 50.88 1675.25 89.65 44.60 3,997.93
EURO 4.04 67.87 274.20 6.40 63.38 405.67
USD 4.19 50.88 213.02 12.43 44.60 554.33
EURO 0.13 67.87 8.55 0.30 63.38 18.80
AUD 0.03 46.11 1.18
CAD 0.02 45.99 0.75
GBP 0.00 71.80 0.20
USD 0.17 50.88 8.82 5.52 44.60 246.34
EURO 0.38 67.87 25.96 0.85 63.38 53.92
USD 11.60 50.88 589.91 27.08 44.60 1,207.69
USD 154.67 50.875 7,868.84 154.67 44.60 6,897.51
42. Leases
Rental expenses in respect of operating leases are recognized as an expense in the statement of Profit and Loss, on a straightline
basis over the lease term.
Operating Lease (for assets taken on Lease)
a) The Company has taken various residential, office and godown premises under operating lease agreements. These
are generally cancellable leases and are renewable by mutual consent on mutually agreed terms with or without rental
escalations.
b) Lease payments recognized for the year are `2,876.02 lacs (Previous year `2,784.56 lacs) and are disclosed as Rent in
note no. 27 of these financial statements.
c) The future minimum lease payments under non-cancellable operating leases
� �� ���������������������������`435.55 lacs (Previous year `403.27 lacs);
� �� �����������������������������������������������������`1,694.06 lacs (Previous year `1,589.58 lacs);
� �� �������������������������`18.15 lacs (Previous year `222.84 lacs).