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
37 Investment in Associate The Group has 36.92 % (March 31, 2023 : 37.39 %) interest in Qure.ai Technologies Private Limited ('Qure.ai'). During the previous year Qure.ai sought investment in its equity shares from external investors resulting in Group losing control of Qure.ai. The Company has assessed that it has significant influence over Qure.ai and has considered it as associate Company with effect from April 08, 2022. For the administrative purpose, loss of control and significant influence thereafter is considered with effect from April 01, 2022. Pursuant to this change in relationship, the Company has derecognised all the assets and liabilities as at April 01, 2022 and has recorded the investment in Qure.ai at fair value. This has resulted in gain of C 5,410 Millions which has been recorded in statement of Profit and loss for the previous year ended March 31, 2023.
Net Assets i.e. Total Assets minus Total Liabilities
Share in Total Comprehensive Income As % of Consolidated Profit or Loss Amount
Share In Profit or Loss As % of Consolidated Profit or Loss Amount
Share In OCI
As % of Consolidated
As % of Consolidated Profit or Loss Amount
Name of the subsidiaries Senseforth AI Research Private Limited Analytics Vidya Educon Private Limited Neal Analytics Services Private Limited Step down Subsidiaries Fractal Analytics UK Limited
Net Assets Amount
-1% (193)
-13% (259)
-1% (1)
-12% (260)
1% 136
-7% (143)
0%
0
-7% (143)
1% 81
2% 33
-2%
-2
1% 31
(in Rupees million)
As at March 31, 2024
As at March 31, 2023
(a) Movement of investment in associates
3% 353 -3% (432) 0% (62) 1% 104
8% 164 1% 28 -13% (272) -3% (54)
0% 0% 0% 0% 0% 0% 0%
- - - - - - -
8% 164 1% 28 -13% (272) -3% (54)
Opening value of investment in associate company
4,479
4,768
4i Consulting Inc
Loss for the year
(165)
(289)
Samya.ai Inc.
Remeasurement of retained interest in associate Aggregate carrying amount of investment
(55)
-
Senseforth AI Research Inc
4,259
4,479
Samya.AI Limited, UK Neal Analytics LLC Fractal Analytics (Switzerland) GmbH
0%
4
0%
0
0%
-
2% 243 0% 16
-10% (207)
-10% (207)
As at March 31, 2024
As at March 31, 2023
(b) Summary of Statement of Balance sheet
0%
0
0%
-
Non current assets
555
334
Fractal Analytics Malaysia SDN BHD Fractal Analytics (Germany) GmbH Fractal Analytics (Canada) Inc.
0%
6
0%
0
0%
-
0%
-
Current assets
3,270
3,312
Non current liabilities
(96)
(19)
0%
9
0%
3
0%
-
0%
3
Current liabilities
(1,193) 2,536
(769)
0% 54
2% 35
0%
-
2% 35
Equity
2,858
Fractal Analytics Netherlands B.V
0%
7
0%
5
0%
-
0%
5
Year ended March 31, 2024
Year ended March 31, 2023
(c) Summary of Statement of Profit and loss
Fractal Analytics Australia Pty. Limited Fractal Analytics Sweden AB Fractal Analytics (Shanghai) Limited
0% 66
2% 36
0%
-
2% 36
Revenue from operations and other income
1,540
913
Net loss after tax
(442) (448) (163)
(778) (776) (290)
0%
1
0%
0
0%
-
0%
-
Total comprehensive loss for the year Group's share of loss in associate
0% 31
0%
3
0%
-
0%
3
Group's share of Other comprehensive income in associate Group's share of Total comprehensive income in associate
(2)
1
Fractal Frontiers, Inc
0% (0) 0% 28
0% (0)
0% 0%
- -
0% 0%
-
(165)
(289)
Limited Liability Company “Symphony (Ukraine) Final Mile Consulting LLP
0%
6
6
38 Earnings Per Share
-2% (283) -3% (424) -2% (262)
-1% (30) -21% (427) -11% (231)
0% 0% 0% 0%
- - - -
-1% (30) -20% (427) -11% (231)
(in Rupees million)
Cuddle.ai Inc Eugenie.AI INC
Year ended March 31, 2024
Year ended March 31, 2023
Particulars
Theremin Multi-strategy Fund LLP
0%
-
0%
-
0%
-
Profit/(Loss) attributable to the equity holders of the Parent Company (in Rupees million)
(475)
2,030
Weighted average number of equity shares for Basic EPS (in nos) Add : Potential equity shares on exercise of options (in nos) Weighted average number of equity shares for Diluted EPS (in nos)
3,04,71,259 27,38,085 3,32,09,344
3,03,20,356
Total
112% 14,780 -46% (5,828)
-174% (3,536) 15% 446
16% 16 83% 80
-172% (3,520) 26% 526
23,82,100
Adjustments arising out of Consolidation: Adjustment for associate entity accounted under equity method Non controlling interest
3,27,02,456
Earnings per share (in C ): - Basic
33% 4,479
263% 5,120
1%
1
5,121
(15.60) (15.60)
66.96 62.08
- Diluted
1% 203
-4% (86) 100% 1,944
0%
-
-4% (86) 100% 2,041
1.00
1.00
Face value per equity share ( C )
Total
100% 13,634
100% 97
Options granted to employees under the stock option plan are considered to be potential equity shares. They have been included in the determination of diluted earnings per share to the extent to which they are dilutive. In view of losses during the current year March 31, 2024, the options are anti-dilutive. Accordingly, there is no variation between basic and dilutive earnings per share.
Amount appearing as zero denotes amount less than C 1 million
246
247
Fractal Analytics Limited | Annual Report 2023-24
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