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• Annual Report 2018-19
Shaping the future of software driven business
Non-current financial assets: Investments
The total non-current investments as on March 31, 2019 stood at
`
4,345.71 Million as against
`
2,881.04 Million in the previous
year. The net increase in non-current investments is mainly due to additional investments in bonds
`
975.88 Million that
are intended to be held for more than 12 months and mutual funds
`
317.42 Million. Please refer Note 7 of the consolidated
financials for details.
Non-current financial assets: Loans
The non-current loans as at March 31, 2019 were
`
164.00 Million as compared to
`
142.73 Million as at March 31, 2018. Please
refer Note 8 of the consolidated financials for details.
Other non-current financial assets
Other non-current financial assets consist of the non-current deposits with banks and the financial institutions including
interest accrued on these deposits. The total of such deposits amounted to
`
349.29 Million as at March 31, 2019 as against
`
37.43 Million as at March 31, 2018. The increase is mainly on account of classification of the deposits of
`
130.00 Million with
IL&FS Ltd and
`
300.00 Million with IL&FS Financial Services Ltd as Other non-current financial assets. Please refer Note 9 of
the consolidated financials for details.
Deferred Tax Assets and Deferred Tax Liabilities
The deferred tax assets (after set off) on March 31, 2019 amounted to
`
405.05 Million as against
`
371.60 Million as on
March 31, 2018.
The increase is mainly because of the increase in deferred tax asset on temporary tax differences in respect of certain provisions
made in the current year and allowable in the subsequent years.
Note 10 of the consolidated financials gives component-wise details of deferred tax balances.
Other non-current assets
Other non-current assets include capital advance and other advances recoverable in cash or kind. The amount of Other non-
current assets was
`
68.31 Million as at March 31, 2019 as against
`
91.57 Million as at March 31, 2018.
Current Financial Assets
(In
`
Million)
Particulars
As at March 31, 2019 As at March 31, 2018
Investments
3,295.53
5,916.31
Trade receivables (net)
4,923.01
4,847.40
Cash and cash equivalents
1,739.45
1,343.72
Other bank balances
4,984.39
1,070.25
Loans
7.87
6.63
Other current financial assets
2,377.00
2,758.25
TOTAL
17,327.25
15,942.56
Current Investments
As per the Investment Policy approved by the Board of Directors, the Company invests its surplus funds in liquid and debt
schemes and fixed maturity plans of some reputed mutual funds with a focus on capital preservation, liquidity and optimization
of returns.
Investment in mutual funds classified under current investments stood at
`
3,295.53 Million as at March 31, 2019 as compared
to
`
5,916.31 Million as at March 31, 2018.
Trade Receivables
Trade receivables (net of provision for doubtful debts) amounted to
`
4,923.01 Million as at March 31, 2019 as against
`
4,847.40
Million as at March 31, 2018.