annual-report-FY2020

353 MAHINDRA & MAHINDRA LTD. INTEGRATED ANNUAL REPORT 2019-20 33. Financial Instruments (contd.): 5. Fair Value Disclosures (contd.) (a) Financial Instruments regularly measured using fair value - recurring items (contd.) Reconciliation of Level 3 fair value measurements of financial instruments measured at fair value Rupees crores Particulars Unquoted Equity investment Investment in debentures/ bonds etc Derivatives on interest over Subsidiaries, associates and joint ventures (Net) Gross obligation to acquire non-controlling interest Year Ended 31 st March, 2020 Opening balance ............................................................. 72.56 316.23 200.43 (869.13) Total gains or losses recognised: a) in profit/(loss) — — (124.57) 70.44 b) in other comprehensive income............................ (31.51) 19.02 — — Purchase during the year. .............................................. 113.73 18.80 — — Disposal/conversion into equity during the year........ (1.54) (252.19) — — Addition during the year.............................................. — — (0.01) (68.58) Exercise of put option................................................... — — — 293.44 Exchange differences..................................................... 2.34 — — — Closing balance of fair value ......................................... 155.58 101.86 75.85 (573.83) Year Ended 31 st March, 2019 Opening balance ............................................................. 71.82 73.80 175.86 (826.27) Total gains or losses recognised: a) in profit/(loss).......................................................... 0.03 0.72 24.57 199.08 b) in other comprehensive income............................ (7.24) — — — Purchase during the year. .............................................. 5.38 241.71 — — Addition during the year. .............................................. — — — (279.48) Exercise of put option. ................................................... — — — 37.54 Exchange differences...................................................... 2.57 — — — Closing balance ............................................................... 72.56 316.23 200.43 (869.13) Equity Investments designated at FVTOCI Rupees crores Particulars 2020 2019 Investment in quoted and unquoted equity instruments: Fair value of investments. ....................................................................................................................... 276.54 295.87