annual-report-FY2021

350 COMPANY OVERVIEW BOARD’S REPORT MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE BUSINESS RESPONSIBILITY REPORT STANDALONE ACCOUNTS CONSOLIDATED ACCOUNTS 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, 2021 Opening balance ............................................................. 155.58 101.86 75.85 (573.83) Total gains or losses recognised: a) in profit/(loss).......................................................... 1.03 5.38 (0.31) 58.10 b) in other comprehensive income............................ (42.83) — — — Purchase during the year. .............................................. 38.05 — — — Disposal during the year. ............................................... (2.20) (7.66) 2.85 — Exercise of put option. ................................................... — — — 8.20 Deconsolidation of subsidiary........................................ (3.56) — — — Adjustment for share of losses of joint ventures......... — (6.58) — — Exchange differences...................................................... (1.69) — — (0.43) Closing balance . .............................................................. 144.38 93.00 78.39 (507.96) 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 . .............................................................. 155.58 101.86 75.85 (573.83) Equity Investments designated at FVTOCI Rupees crores Particulars 2021 2020 Investment in quoted and unquoted equity instruments: Fair value of investments. ....................................................................................................................... 370.98 276.54