Airtel 2014 Annual Report Download - page 252

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Notes to consolidated financial statements
Digital for all
Annual Report 2014-15
250
(` Millions)
Particulars As of March 31, 2014
Level 1 Level 2 Level 3
Financial assets
Derivatives - not designated as hedging instruments
- Currency swaps, forward and option contracts - 100 -
- Interest rate swaps - 277 -
- Embedded derivatives - 189 3,014
Held for trading securities - quoted 89,457 - -
Designated at fair value through profit or loss - quoted 9,148 - -
Financial liabilities
Derivatives - not designated as hedging instruments
- Currency swaps, forward and option contracts - 861 -
- Interest rate swaps - 230 -
- Embedded derivatives - 710 17
Derivatives - designated as hedging instruments
- Interest rate swaps - 3,592 -
Assets / Liabilities for which fair value is disclosed
(` Millions)
Particulars As of March 31, 2015
Level 1 Level 2 Level 3
Financial assets
Other financial assets - 26,070 -
Financial liabilities
Borrowings designated as hedging instruments - Fixed rate
- In hedge of net investment - 125,682 -
Other borrowings- fixed rate 229,144
Other financial liabilities - 162,046 -
(` Millions)
Particulars As of March 31, 2014
Level 1 Level 2 Level 3
Financial assets
Other financial assets - 25,126 -
Financial liabilities
Other borrowings- fixed rate - 231,797 -
Other financial liabilities - 27,395 -
During the year ended March 31, 2015 and March 31, 2014, there were no transfers between Level 1 and Level 2 fair value
measurements, and no transfer into and out of Level 3 fair value measurements.