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AMINES & PLASTICIZERS LTD
NOTES FORMING PART OF THE CONSOLIDATED
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2019
ForeignCurrencyRisk
TheCompanyissubjecttotheriskthatchangesinforeigncurrencyvaluesimpacttheCompany’sexportsrevenueand
imports of raw material and property,plant and equipment.As at 31st March,2019,the net unhedged exposure to the
Company on holding assets (trade receivables and capital advances) and liabilities (trade payables and capital
creditors)otherthanintheirfunctionalcurrency isasunder.
The Company is exposed to foreign exchange risk arising from US Dollar,AED and EUR. ( ` in lakhs)
Particulars Foreign As at 31st March,201 9 As at 31st March,201 8
Currency Amount in Indian rupee Amount in Indian rupee
Foreign equivalent Foreign equivalent
Currency Currency
Assets :
Trade Receivables Export USD 47.62 3,293.74 16.76 1,090.22
EUR 1.13 87.77 0.98 79.36
Advance to Import Creditors USD 0.00 0.23
EUR 0.01 0.54
Bank Balance USD 13.69 946.93 2.03 131.82
EUR 0.01 0.66 0.01 0.68
Total 4,329.10 1,302.84
Liabilities :
Import Trade Payable USD 34.31 2,373.49 26.00 1,691.35
AED 27.84 522.07 29.48 522.74
EUR 7.40 596.46
Advances from Export Debtors USD - - 1.76 114.48
EUR - - 2.97 239.51
Total 2,895.56 3,164.54
Sensitivity analysis of 1% change in exchange rate at the end of reporting period net unhedged exposure ( ` in lakhs)
Description As at 31st As at 31st
March, 201 9 March, 201 8
1% Depreciation in INR
Impact on P&L (Pro t increased / (decreased) by) (14.34) 18.62
1% Appreciation in INR
Impact on P&L (Pro t increased / (decreased) by) 14.34 (18.62)
InterestRateRisk
Interest rate risk is measured by using the cash flow sensitivity for changes in variable interest rates.Any movement in
the reference rates could have an impact on the Company’s cash flows as well as costs.The Company is subject to
variable interest rates on some of its interest bearing liabilities.The Company’s interest rate exposure is mainly related
toborrowingobligations.
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CONSOLIDATED NOTES TO THE ACCOUNTS
