STANDALONE ACCOUNTS 345 41. Financial instruments (contd.) (c) Liquidity risk management (contd.) (ii) Maturity profile of derivative financial liabilities The following table details the Company’s liquidity analysis for its derivative financial liabilities other than derivatives on interest in subsidiaries, associates and joint ventures. Rupees crores Particulars Less than 1 Year 1-3 Years 3-5 Years As at 31st March, 2024 Foreign exchange forward contracts................................................................................................................... 4.63 — — Commodity futures........................................................................................................................................................... 3.81 — — Total........................................................................................................................................................................................... 8.44 — — As at 31st March, 2023 Foreign exchange forward contracts................................................................................................................... 60.04 — — Commodity futures........................................................................................................................................................... 29.19 — — Total............................................................................................................................................................................................ 89.23 — — (d) Offsetting of balances The Company has not offset financial assets and financial liabilities. (e) Collaterals The Company has also availed working capital facilities and other non-fund based facilities viz. bank guarantees and letters of credit, which are secured by hypothecation of certain current assets.
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