Notes to the Consolidated Financial Statements as at and for the year ended March 31, 2024
Notes to the Consolidated Financial Statements as at and for the year ended March 31, 2024
9
12 Other Assets
a
Cash and cash equivalents
(in Rupees million)
(in Rupees million)
As at March 31, 2024
As at March 31, 2023
As at March 31, 2024
As at March 31, 2023
Particulars
Particulars
Non-Current assets Prepaid expenses Employee advances Total non-current assets
Cash on hand*
0
0
12
35
Balance with banks In current accounts
-
5
812 812
2,132 2,132
12
40
Total cash and cash equivalents
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
403 896
383 555
*Amount less than C 1 million
9
b Bank balance other than above In fixed deposit account (with original maturity of more than 3 months but less than 12 months)
14 88
35
187
66
71
(10)
(10)
Total current assets
1,391
1,150
Total other bank balances
66
71
Note : Prepaid expenses includes C 128 million (March 31, 2023 : C 114 million) towards planning for initial public offer and is to be shared between the Company and selling shareholders.
10 Current Loans
Secured, considered good Loan to directors (Refer note 29)
13 Deferred Tax Assets/(Liabilities)
282
269
Significant components of deferred tax assets (net) Deferred tax assets/(liabilities) Business losses/ unabsorbed depreciation
Total current loans
282
269
378
368
Property, plant & equipment and intangible assets Mark to market gain on derivative forwards
59
29
March 31, 2024
March 31, 2023
(17)
7
Amount of loan outstanding
% of total Loans
Amount of loan outstanding
% of total Loans
Right-of-use assets
(226)
(54)
Type of Borrower
Lease liabilities
224
68
282 282
100% 100%
269 269
100%
Loan to directors
Others*
61
(19)
Total 100% Note : Loan is given to a director on December 8, 2021 which is repayable on demand. Loan to director is secured against the said shares held by the director on full recourse basis. Loan given is solely for directors own account and beneficial interest.
Total Deferred tax assets (net)
479
399
Fair value of Associate Company Total Deferred tax liabilities
(1,016) (1,016)
(1,016) (1,016)
11 Other Financial Assets Non-current financial assets Other bank deposits
*Others include impact for mark to market gain/loss on fair value of current investments and other temporary differences
a) Movements in deferred tax assets/(liabilities)
9 9
80 80
Sub total (A)
Property, plant & equipment and intangible assets
Mark to market(MTM) gain on
17
-
Derivative asset - forward contract
Business losses/
Fair value of Associate Company
Right-of use asset and lease liabilities
Security deposits
147 164 173
187 187 267
derivative forwards
unabsorbed depreciation
Sub total (B)
Particulars
Others Total
Total non-current financial assets Current financial assets Derivative asset - forward contract
At April 1, 2023
7
29
368
(1,016)
14
(19) (617)
(Charged) / Credited - to profit or loss
(13) (11)
32
- -
- - -
(16)
80
83
53
- - - -
- -
to other comprehensive income Exchange differences on translating the financial statements of foreign operations
-
- -
(11)
Security deposits
4 5 3
-
(2)
10
-
8
Receivables from related parties (Refer note 29)
Others advances
At March 31, 2024 At April 1, 2022 (Charged) / Credited - to profit or loss
(17)
59
378 341
(1,016)
(2) 21
61 (537)
Total current financial assets
65
-
(5)
9
-
1
367
12
19
- -
(1,016)
(7)
(19) (1,011)
- -
to other comprehensive income Exchange differences on translating the financial statements of foreign operations
- -
-
- -
- -
-
-
1
27
(1)
27
At March 31, 2023 (19) (617) For one of the foreign subsidiary, the Group has recognised deferred tax asset on unutilised losses to the extent that it believes that it will be able to generate sufficient taxable profit in the near future, based on various internal measures taken, against which unused losses and thereby such deferred tax assets can be realised. Further, no deferred tax assets has been recognised on balance tax losses and deductible temporary differences of C 512 million (March 31, 2023 - C 390 million). 7 29 368 (1,016) 14
218
219
Fractal Analytics Limited | Annual Report 2023-24
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