Page 251 - Tata_Chemicals_yearly-reports-2017-18

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(a) The details of the various outstanding derivative financial instruments are given below:
` in crore
Particulars As at 31 March, 2018 As at 31 March, 2017
Assets Liabilities Assets Liabilities
Current portion
Derivatives designated in Cash flow hedges
- Forward contracts 0.70 4.82 3.43 4.70
- Interest rate swaps 6.01 5.01 4.88 8.67
- Commodity futures 28.40 9.42 10.41 2.22
Total designated derivatives 35.11 19.25 18.72 15.59
Derivatives not designated in a hedge relationship
- Forward contracts 2.68 0.13 - 20.72 Integrated Report
- Option contracts 0.08 - - -
- Cross currency interest rate swaps 8.01 - 6.32 -
Total un-designated derivatives 10.77 0.13 6.32 20.72
Total current portion 45.88 19.38 25.04 36.31
Non-current portion
Derivatives designated in cash flow hedges
- Forward contracts 1.21 - - -
- Interest rate swaps 7.82 - 2.50 3.17
- Commodity futures 3.70 11.87 0.33 6.27
Total designated derivatives 12.73 11.87 2.83 9.44
Derivatives not designated in a hedge relationship
- Cross currency interest rate swaps 4.87 - 0.38 1.35
Total un-designated derivatives 4.87 - 0.38 1.35
Total non-current portion 17.60 11.87 3.21 10.79 Statutory Reports
Total 63.48 31.25 28.25 47.10
Derivatives not designated in a hedge relationship are effective as hedges from an economic perspective, however these are not considered
for hedge accounting.

(b) The details of the gross notional amounts of derivative financial instruments outstanding are given in the table below:

Derivative instruments Underlying As at As at
31 March, 2018 31 March, 2017
Forward contracts USD/INR $ 17.7 million $ 89.7 million
Forward contracts EUR/INR € 1.8 million € 0.4 million
Forward contracts CHF/INR - CHF 0.7 million
Forward contracts EUR/GBP € 20.9 million € 15.6 million
Forward contracts USD/GBP - $ 3 million Financial Statements
Forward contracts GBP/USD £ 9 million £ 13.2 million
Forward contracts USD/ZAR $ 1 million $ 6.8 million
Forward contracts JPY/INR JPY 487.3 million JPY 112.1 million
Forward contracts INR/USD 63.4 crore -
Option contracts USD/INR $ 0.9 million -
Cross currency interest rate swaps USD/INR and Floating to fixed $ 126.7 million $ 190 million
Commodity futures Heavy fuel oil 2800 MT 14000 MT
Commodity futures Natural Gas (US) 6.8 MMBTU 5.7 MMBTU
Commodity futures Natural Gas (UK) 68.8 million therms 48.2 million therms
Interest rate swaps Floating to fixed $ 424 million $ 472 million

Consolidated Financial Statements 249