Page 205 - Tata Steel One Report 2024-Eng-Ebook HY

Business Operation and Performance Driving Business Towards Sustainability Corporate Governance Policy Financial Statements Attachments
Tata Steel (Thailand) Public Company Limited
Tata Steel (Thailand) Public Company Limited
Notes to the Consolidated and Separate Financial Statements
Notes to the Consolidated and Separate Financial Statements
For the year ended 31 March 2025
For the year ended 31 March 2025
The carrying amounts of cash and cash equivalents, trade and other current receivables, trade and other current payables and short-term borrowing from a subsidiary approximate their fair values due to the relatively short-term maturity.
The different levels of financial instruments carried at fair value, by valuation method have been defined as follows:


 Level 3 :
Valuation techniques used to measure fair value llevell2
The fair value above is determined by level 2 using forward rate of foreign currency against Thai Baht at the date of the statement of financial position which can be obtained from observable market.
Level 1 : The fair value of financial instruments is based on the closing price by reference to the Stock Exchange
of Thailand.
Level 2 : The fair value of financial instruments is determined using significant observable inputs and, as little as
possible, entity-specific estimates.
The fair value of financial instruments is not based on observable market data.
Valuation techniques used to measure fair value llevell3
Changes in level 3 financial instruments for the year ended 31 March is as follows:
Opening balance as at 1 April 2023
Losses recognised in other comprehensive income
Closing balance as at 31 March 2024
Gains recognised in other comprehensive income
Closing balance as at 31 March 2025
Consolidated financial statements Unlisted equity investments Thousand Baht
204,960 24,000
228,960 73,920
302,880
The following table summarises the quantitative information about the significant unobservable inputs used in level 3 fair value measurements.
Fair value
Unlisted equity securities
31 March 2025 Thousand Baht
302,880
31 March 2024 Thousand Baht
228,960
Unobservable inputs
Profit growth factors Risk-adjusted discount rate
Range of inputs
2025 2024
2% 2% 12% 12%
56-1 One Report 2024-25 203