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Standalone Financials
165
CORPORATE OVERVIEW (1-31)
STATUTORY REPORTS (46-122)
FINANCIALS
NOTES FORMING PART OF FINANCIAL STATEMENTS
38. Derivative transactions
The Company uses forward exchange contracts, principal only swaps, interest rate swaps, currency swaps and currency options to
hedge its exposure in foreign currency and interest rates. The information on derivative instruments is as follows :
(a) Derivative Instruments outstanding as at March 31, 2012
Currency
Amount
Buy / Sell
Amount
(Foreign currency
(
`
in crores)
in millions)
(i) Forward exchange contracts (net)
US $ / IN
`
-
-
-
US $ 106.57
Buy
475.17
(ii) Options (net)
US $ / IN
`
US $ 45.00
To Sell
228.92
US $ 15.00
To Buy
76.32
US $ 39.00
To Sell
173.89
(iii) Cross currency swaps
US $ / IN
`
US $ 31.00
To Buy
157.74
US $ 31.00
To Buy
138.22
(b) Foreign exchange currency exposures not covered by derivative instruments as at March 31, 2012
Amount
Amount
(Foreign currency
(
`
in crores)
in millions)
(i) Amount receivable on account of sales of goods,
US $ 670.79
3,411.33
investment in preference shares, loan
US $ 1,076.74
4,800.71
and interest charges
∈
54.53
370.28
∈
39.00
247.04
£ 8.68
70.88
£ 8.52
61.34
THB 1,105.99
182.38
THB 949.00
139.66
ZAR 34.45
22.96
ZAR 10.33
6.78
(ii) Creditors payable on account of loan and interest
charges and other foreign currency expenditure
US $ 1,750.83
8,908.64
US $ 1,281.55
5,714.43
∈
11.79
80.08
∈
11.23
71.27
£ 11.50
93.75
£ 7.67
54.81
¥ 373.22
22.98
¥ 574.08
30.79
-
-
THB 89.83
13.24
Others
1.56
Others
1.87
FINANCIAL HIGHLIGHTS (32-45)