Page 328 - Tata_Chemicals_yearly-reports-2021-22

Integrated Annual Report 2021-22

(b) The details of the gross notional amounts of derivative financial instruments outstanding are given in the
table below:
Underlying
As at
As at
Derivative instruments (Receivables/ payables/ Units March 31, 2022 March 31, 2021
borrowings)
Forward contracts USD/INR $ million 74.4 9.9
Forward contracts EUR/INR € million 2.5 4.1
Forward contracts EUR/GBP € million 3.6 10.6
Forward contracts USD/GBP $ million 2.4 6.0
Forward contracts JPY/INR JPY million - 232.5
Forward contracts JPY/USD JPY million 123.7 92.3
Forward contracts INR/USD ₹ crore - 157.0
Forward contracts GBP/USD £ million - 12.0
Commodity swaps Natural Gas (US) million MMBTU 3.5 5.0
Commodity swaps Natural Gas (UK) million therms 35.8 79.4
Interest rate swaps Floating to fixed $ million 200.0 200.0

(c) The following table analyses the movement in the effective portion of Cash Flow Hedge Reserve (‘CFHR’) for
the year ended March 31, 2022 and 2021
₹ in crore
Forward Interest rate Commodity
Particulars Total
contracts swaps swaps
Balance as at April 1, 2020 (3.74) (91.47) (186.42) (281.63)
Net (losses) / gains recognised in the CFHR 8.26 (5.19) 146.64 149.71
Amount re-classified from the CFHR and included in the
Consolidated Statement of Profit & Loss (due to settlement of
contracts) within:
Power and Fuel cost - - 102.21 102.21
Other expenses 2.49 - - 2.49
Finance costs - 36.65 - 36.65
Deferred income tax - (0.29) (8.34) (8.63)
Balance as at March 31, 2021 7.01 (60.30) 54.09 0.80
Net (losses) / gains recognised in the CFHR (1.23) 12.02 1,537.78 1,548.57
Amount re-classified from the CFHR and included in the
Consolidated Statement of Profit & Loss (due to settlement of
contracts) within:
Power and Fuel cost - - (546.21) (546.21)
Other expenses (6.06) - - (6.06)
Finance costs - 37.97 - 37.97
Deferred income tax - - (196.97) (196.97)
Balance as at March 31, 2022 (0.28) (10.31) 848.69 838.10

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