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
6 Other Intangible Assets
Ageing of Projects in progress
(in Rupees million)
(in Rupees million)
Internally generated Intellectual Property
Amount in IAUD for a period of
Less than 1 year
1-2 years
2-3 years More than 3 years
Total
Computer Software
Total
Particulars
As at March 31, 2024
32
-
-
-
32
Gross carrying amount As at April 01, 2023
76
452
528
Amount in IAUD for a period of
Less than 1 year
1-2 years
2-3 years More than 3 years
Total
-
6
6
Additions Disposals*
As at March 31, 2023
1
-
-
-
1
-
-
-
76
458
534
As at March 31, 2024 Accumulated depreciation As at April 01, 2023
6.2 Details of expenses which has been capitalised:
(in Rupees million) For the year ended March 31, 2023
64
344
408
For the year ended March 31, 2024
4
58
62
Charge for the year
Particulars
On disposals*
-
-
-
Salaries, wages and bonus
8
27
68
402
470
As at March 31, 2024
Other expenses
21 29
2
Net carrying amount as at March 31, 2024
8
56
64
Total
29
Gross carrying amount As at April 01, 2022
63
170 195
233 195
7 Investments
-
Additions on account of business combinations (Refer note 35)*
(in Rupees million) As at March 31, 2023
Additions* Disposals*
13
87
100
As at March 31, 2024
Particulars
-
-
-
Investments (Non-current) Investments in equity instruments in subsidiaries (at cost) A. Unquoted equity shares Fractal Private Limited, Singapore 100,000 (March 31, 2023: 100,000) equity shares of SGD 1 fully paid up Fractal Analytics Inc., United States of America 997,951 (March 31, 2023: 997,951) equity shares of USD 1 fully paid up C uddle Artificial Intelligence Private Limited** 163,360,913 (March 31, 2023: 160,344,828) equity shares of C 1 fully paid up Final Mile Consultants Private Limited** 21,955 (March 31, 2023: 21,955) equity shares of Re 1 fully paid up Theremin AI Solutions Private Limited 100,000,010 (March 31, 2023: 100,000,010) equity shares of C 1 fully paid up Eugenie Technologies Private Limited 100,000 (March 31, 2023: 100,000) equity shares of C 1 fully paid up A sper.AI Technologies Private Limited (formerly known as Samya.AI Technologies Private Limited) (Refer note 29) Nil (March 31, 2023: 9,674,643) equity shares of C 10 fully paid up S enseforth AI Research Private Limited 100,000 (March 31, 2023: 100,000) equity shares of C 10 fully paid up A nalytics Vidhya Educon Private Limited 127,023 (March 31, 2023: 127,023) equity shares of C 10 fully paid up N eal Analytics Services Private Limited** 10,000 (March 31, 2023: 10,000) equity shares of C 10 fully paid up Fractal Alpha Private Limited 5,000,000 (March 31, 2023: 5,000,000) equity shares of C 1 fully paid up
76
452
528
As at March 31, 2023 Accumulated depreciation As at April 01, 2022
61
139 138
200 138
-
Additions on account of business combinations (Refer note 35)*
3
3
Charge for the year
3
67
70
On disposals*
-
-
-
3,426
3,426
64 12
344 108
408 120
As at March 31, 2023
7
-
Net carrying amount as at March 31, 2023
The estimated amortisation of intangibles assets for the years subsequent to March 31, 2024 is as follows : Year ending 31 March
143
159
in Rupees Million
100
100
2025 2026 2027
29 28 7 64
1
1
-
121
6.1 Intangible assets under development ('IAUD')
130
130
(in Rupees million)
408
408
Particulars
Total
Gross carrying amount As at April 01, 2023
81
77
1
Additions
37
5
5
Less: Capitalised
(6)
B. Unquoted preference shares (at amortised cost)
As at March 31, 2024 Gross carrying amount As at April 01, 2022
32
Theremin AI Solutions Private Limited 43,767,172 (March 31, 2023: 43,767,172) 0.0001% Series B Compulsorily convertible cumulative preference shares of C 1 each fully paid up
53
53
-
Additions on account of business combinations (Refer note 35)
59 29
Additions
Less: Capitalised
(87)
As at March 31, 2023
1
150
151
Fractal Analytics Limited | Annual Report 2023-24
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