Page 259 - Tata_Chemicals_yearly-reports-2017-18

The Risk Management Policy includes an appropriate liquidity risk management framework for the management of the Group’s short-
term, medium-term and long term funding and liquidity management requirements. The Group manages the liquidity risk by maintaining
adequate reserves, banking facilities and reserve borrowing facilities, by continuously monitoring forecast and actual cash flows, and by
matching the maturity profiles of financial assets and liabilities. The Group invests its surplus funds in bank fixed deposit and liquid
schemes of mutual funds, which carry no/negligible mark to market risks.
The below table analyses the Group’s non-derivative financial liabilities as at the reporting date, into relevant maturity groupings based
on the remaining period (as at that date) to the contractual maturity date. The amounts disclosed in the below table are the contractual
undiscounted cash flows.
` in crore
Particulars Carrying Up-to 1 year 1-3 years 3-5 years Above 5 Total
amount years
As at 31 March, 2018
Borrowings and future interest Integrated Report
thereon 6,108.17 885.25 2,914.38 2,874.57 5.10 6,679.30
Trade and other payables 1,896.18 1,878.97 17.21 - - 1,896.18
Total 8,004.35 2,764.22 2,931.59 2,874.57 5.10 8,575.48
As at 31 March, 2017
Borrowings and future interest
thereon 7,071.86 2,889.80 2,043.21 2,629.20 9.51 7,571.72
Trade and other payables 1,720.33 1,700.33 20.00 - - 1,720.33
Total 8,792.19 4,590.13 2,063.21 2,629.20 9.51 9,292.05

The below table analyses the Group’s derivative financial liabilities into relevant maturity groupings based on the remaining period (as at
the reporting date) to the contractual maturity date.
` in crore Statutory Reports
Particulars As at As at
31 March, 2018 31 March, 2017
Current portion 19.38 36.31
Non-current portion (within one - three years) 11.87 10.78
Non-current portion (more than three years) - 0.01
Total 31.25 47.10
All the derivative financial liabilities are included in the above analysis, as their contractual maturity dates are essential for the understanding
of the timing of the under-lying cash flows.
42. Capital management

The capital structure of the Group consists of net debt and total equity. The Group manages its capital to ensure that the Group will be
able to continue as going concern while maximising the return to stakeholders through an optimum mix of debt and equity within Financial Statements
the overall capital structure. The Group’s risk management committee reviews the capital structure of the Group considering the cost
of capital and the risks associated with each class of capital.

Consolidated Financial Statements 257