annual-report-FY2021

349 MAHINDRA & MAHINDRA LTD. INTEGRATED ANNUAL REPORT 2020-21 33. Financial Instruments (contd.) 5. Fair Value Disclosures (contd.) (a) Financial Instruments regularly measured using fair value - recurring items (contd.) Financial assets/ financial liabilities Financial assets/ financial liabilities Fair Value 2021 2020 Fair value hierarchy Valuation technique(s) Key inputs Significant unobservable input(s) for level 3 hierarchy Relationship of unobservable inputs to fair value and sensitivity 8) Investment in debt instruments - Government Securities Financial Assets Financial instrument measured at FVTOCI 4,448.73 143.02 Level 1 Quoted market price — — — 9) Investment in debt instruments - Debentures/Bonds, etc Financial Assets Financial instrument measured at FVTOCI 294.12 146.82 Level 1 Quoted market price — Financial Assets Financial instrument measured at FVTPL 93.00 101.86 Level 3 Income Approach - Discounted Cash Flow For Discounted Cash Flow approach - The discounted cash flow method used to capture the present value of the expected future economic benefits to be derived from the ownership of these investees. The key inputs includes, long term revenue growth rates, balance sheets, statement of profit and loss along with underlying assumptions. Interest rates to discount future cash flow, financial projections Increase or decrease in multiple will result in increase or decrease in valuation 10) Investment in Other financial instruments -CP, CD Financial Assets Financial instrument measured at FVTOCI — 321.31 Level 1 Market price — — — Financial Assets Financial instrument measured at FVTPL 197.67 — Level 1 Market price — — —