76 (` lakhs) Contractual maturities of financial liabilities as at March 31, 2022 Less than 12 months More than 12 months Total Finance lease obligations - 114.77 114.77 Security deposits 166.12 - 166.12 Creditor for capital goods 5.44 - 5.44 Others 47.53 - 47.53 Employee benefits payable 122.99 4.11 127.10 Trade payables 1,098.59 - 1,098.59 Total financial liabilities 1,440.67 118.88 1,559.55 c) Foreign currency risk The Company exposed to foreign exchange risk arising from foreign currency transactions, primarily with respect to Euro. Foreign exchange risk arises from future commercial transactions and recognised assets and liabilities denominated in a currency that is not the functional currency (`) of the Company. The risk is measured through a forecast of highly probable foreign currency cash flows. The above risks may affect the income and expenses of the Company or the value of its financial instruments. The objective of management of market risk of the Company is to maintain this risk within acceptable parameters, while optimising returns. The exposure of the Company to these risks is explained follows: Foreign currency risk exposure: The exposure of the Company to foreign currency risk at the end of the reporting period, is as follows: Particulars As at March 31, 2023 As at March 31, 2022 € ` lakhs € ` lakhs Financial liabilities Trade payables 601,338.05 535.34 61,669.00 51.95 Net exposure to foreign currency risk 601,338.05 535.34 61,669.00 51.95 Note 25.8 Capital management Total equity as shown in the Balance Sheet includes general reserve, retained earnings, share capital and share premium. The Company aims to manage its capital efficiently so as to safeguard its ability to continue as a going concern and to optimise returns to its shareholders. The capital structure of the Company is based on judgement of management of the appropriate balance of key elements in order to meet its strategic and day-to -day needs. We consider the amount of capital in proportion to risk and manage the capital structure in light of changes in economic conditions and the risk characteristics of the underlying assets. In order to maintain or adjust the capital structure, the Company may adjust the amount of dividends paid to shareholders, return on capital to shareholders or issue new shares.
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