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
9 Cash and Cash Equivalents
Movements in deferred tax assets/(liabilities)
Property, plant & equipment and intangible
(in Rupees million) As at March 31, 2023
Mark to market(MTM) gain on
As at March 31, 2024
MTM on investment in liquid funds
Particulars
Right of use assets and Leases
Financial guarantee contract
derivative forwards
Cash on hand*
0
0
Particulars
assets Others*
Total
Balance with banks In current accounts
At April 1, 2023
6
14
(18)
43
-
(2)
43
123 123
79 79
(Charged) / Credited - to profit or loss
Total cash and cash equivalents
(13) (11) (18)
(16)
(10)
21
60
(1)
42
*Denotes amount less than C 1 million
-
to other comprehensive income
-
-
-
-
-
(11)
10 Loans
At March 31, 2024 At April 1, 2022
(2) 21
(28)
64 35
60
(3) (1)
74 49
Current loans Unsecured, considered good Intercompany loan (Refer note 29)
(5)
(1)
-
Additions on account of business combinations (Refer note 35)
-
-
-
-
2
-
2
237
126
(Charged) / Credited
-
(73)
(10)
Less: Loss allowance (Refer note 26)
- -
to profit or loss
11
(7)
(17)
8
(2)
(1)
(8)
Total current loans
164
116
to other comprehensive income
-
-
-
-
-
-
-
At March 31, 2023
6
14
(18)
43
-
(2)
43
March 31, 2024
March 31, 2023
*Others include tax impact for allowance for expected credit loss, loans and other temporary differences
Amount of loan or advance in the nature of loan outstanding
% of total Loans and Advances in the nature of loans
Amount of loan or advance in the nature of loan outstanding
% of total Loans and Advances in the nature of loans
13 Other Assets
Type of Borrower
(in Rupees million) As at March 31, 2023
237 237
100%
126 126
100%
Loans to related parties
As at March 31, 2024
Total
Particulars
Non-Current assets Prepaid expenses Employee advances Total non-current assets
Note : Loan given is repayable on demand. Interest on loan ranges between 7% to 7.3%.
12
28
11 Other Financial Assets
-
5
12
33
(in Rupees million) As at March 31, 2023
As at March 31, 2024
Current assets Prepaid expenses (Refer note below) Contract assets (Refer note 27) Advances to vendors and others Balance with government authorities Less: Provision for doubtful advances
Particulars
291
230
Non-current financial assets Derivative assets -- forward contracts
89 10 62
29 33
17
6
130
173 125 304
Security deposits
66
Guarantee fee receivable (Refer note 29) Total non-current financial assets Current financial assets Derivative assets -- forward contracts Receivables from subsidiaries (Refer note 29) Guarantee fee receivable (Refer note 29) Interest receivable from subsidiary (Refer note 29)
159
213
(10)
(10)
Total current assets
442
441
53
-
185
104
Note : Prepaid expenses includes C 128 million (March 31, 2023: C 55 million) towards planning for initial public offer and is to be shared between the Company and selling shareholders. 14 Equity Share Capital (in Rupees million)
66
-
3
4
(93)
(70)
Less: Loss allowance (Refer note 26) Total current financial assets
215
38
As at March 31, 2024
As at March 31, 2023
Particulars
12 Deferred Tax Assets (NET)
Authorised 349,200,000 equity shares of face value C 1 each (March 31, 2023 : 349,200,000 equity shares of face value C 1 each)^
(in Rupees million) As at March 31, 2023
349
349
As at March 31, 2024
Particulars
38,100,000 Series B 0.001 % Compulsorily convertible preference shares of face value C 1 each (March 31, 2023 : Series B 0.001 % 38,100,000 Compulsorily convertible preference shares of face value C 1 each)
38
38
Significant components of deferred tax assets (net) Deferred tax assets Difference between book and tax value of property, plant and equipment and intangible assets
64
43
(3)
(2)
Financial guarantee contract
387
387
Right of use assets
(226)
(54)
^The authorised share capital of the Company was increased vide board resolution date July 22, 2022.
Lease liabilities
224
68
Mark to market (MTM) gain on derivative forwards
(18) (28)
6
MTM on investment in liquid funds
(18)
Others
60 74
-
Total Deferred tax assets
43
154
155
Fractal Analytics Limited | Annual Report 2023-24
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