Notes to the Standalone Financial Statements as at and for the year ended March 31, 2024
Notes to the Standalone Financial Statements as at and for the year ended March 31, 2024
3 Property, Plant and Equipment
(in Rupees million)
Amount
Particulars
(in Rupees million)
Gross carrying amount As at April 01, 2022
Computers and accessories
Leasehold improvements
Furniture and fixtures
Office Equipment
918
Vehicles
Total
Particulars
4
Additions on account of business combinations (Refer note 35)
Gross carrying amount As at April 01, 2023
Additions Disposals
31 (4)
717
-
256
59
132
1,164
56
-
-
1
2
59
Additions Disposals*
949
As at March 31, 2023 Accumulated depreciation As at April 01, 2022
(17) 756
-
(1)
(0) 60
(3)
(21)
-
255
131
1,202
As at March 31, 2024 Accumulated depreciation As at April 01, 2023
540
3
Additions on account of business combinations (Refer note 35)
469 165 (17) 617 139
-
227
32
128
856 200
Charge for the year
189
-
27
5
3
Charge for the year
On disposals
(4)
On disposals*
-
(1)
(0) 37 23
(3)
(21)
728 221
As at March 31, 2023
- -
253
128
1,035
As at March 31, 2024
Net carrying amount as at March 31, 2023
Net carrying amount as at March 31, 2024 Gross carrying amount As at April 01, 2022
2
3
167
Note: 1. The Right-of-use assets as per Ind AS-116 comprises of lease of office premises. 2. The aggregate depreciation expense on Right-of-use assets is included under depreciation and amortisation expenses in the Statement of Profit and Loss. 5 Goodwill (in Rupees million)
572
-
256
59
128
1,015
11
1
-
0
0
12
Additions on account of business combinations (Refer note 35)*
Additions* Disposals*
140
-
- -
0
4
144
As at March 31, 2024
As at March 31, 2023
(6)
(1)
(0) 59
(0)
(7)
Particulars
717
-
256
132
1,164
As at March 31, 2023 Accumulated depreciation As at April 01, 2022
Goodwill at the beginning of the year
535
-
Additions on account of business combinations (Refer note 35)
-
535 535
307
-
198
27
126
658
Goodwill at the end of the year
535
11
1
-
0
0
12
Additions on account of business combinations (Refer note 35)*
The carrying amount of goodwill was allocated to major cash-generating units as follows:
(in Rupees million)
Charge for the year
157
-
29
5
2
193
As at March 31, 2024
As at March 31, 2023
On disposals*
(6)
(1)
-
(0) 32 27
(0)
(7)
Particulars
469 248
- -
227
128
856 308
As at March 31, 2023
Final Mile Consultants Private Limited Neal Analytics Services Private Limited
278 257 535
278 257
Net carrying amount as at March 31, 2023
29
4
Total 535 Cash-generating units (CGUs) to which goodwill is allocated are tested for impairment annually at each reporting date, or more frequently when there is an indication that the unit may be impaired. If the recoverable amount of the cash-generating unit is less than the carrying amount of the unit, the impairment loss is allocated first to reduce the carrying amount of any goodwill allocated to that unit. The Company estimates the value-in-use of the cash generating units (CGUs) based on the future cash flows after considering current economic conditions and trends, estimated future operating results and growth rate and anticipated future economic and regulatory conditions. The estimated cash flows are developed using internal forecasts. The discount rates used for the CGUs represent the weighted average cost of capital based on the historical market returns of comparable companies. The goodwill amount for respective years (relating to different CGUs individually) has been evaluated based on the cash flow forecasts of the related CGUs over a period of five years and the recoverable amounts of these CGUs exceeded their carrying amounts. An analysis of the sensitivity of the computation to a change in key parameters (operating margin, discount rates and long term average growth rate), based on reasonable assumptions, did not identify any probable scenario in which the recoverable amount of the CGU would decrease below its carrying amount as on date. The estimated value-in-use of CGUs is based on the future cash flows using a 3% to 5% (March 31, 2023 : 3% to 5%) terminal growth rate and discount rate of 18% to 30% (March 31, 2023 : 18% to 30%). The discount rate is based on the Weighted Average Cost of Capital (WACC) which represents the weighted average return attributable to all the assets of the Cash Generating Unit (CGU).
*Denotes amount less than C 1 million Note : The Company does not hold any immovable properties 4 Right-of-use Assets
(in Rupees million)
Amount
Particulars
Gross carrying amount As at April 01, 2023
949 927
Additions Disposals
(754) 1,122
As at March 31, 2024 Accumulated depreciation As at April 01, 2023
728 194
Charge for the year
On disposals
(754)
168 954
As at March 31, 2024
Net carrying amount as at March 31, 2024
148
149
Fractal Analytics Limited | Annual Report 2023-24
Made with FlippingBook - PDF hosting