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Shaping the future of software driven business
Unconsolidated Financials •
273
For the year ended
March 31, 2019
In
`
Million
March 31, 2018
In
`
Million
Net increase / (decrease) in cash and cash equivalents (A + B + C)
336.24
(256.10)
Cash and cash equivalents at the beginning of the year
306.68
451.03
Effect of exchange differences on translation of foreign currency cash and cash
equivalents
(75.53)
111.75
Cash and cash equivalents at the end of the year
567.39
306.68
Components of cash and cash equivalents
Cash on hand (Refer note 13)
0.11
0.11
Balances with banks
On current accounts # (Refer note 13)
126.71
158.58
On saving accounts (Refer note 13)
0.91
0.75
On Exchange Earner's Foreign Currency accounts (Refer note 13)
114.91
145.83
On unpaid dividend accounts* (Refer note 14)
2.27
1.41
On Escrow accounts** (Refer note 13)
92.94
-
On deposit accounts with original maturity less than three months (Refer note 13)
229.54
-
Cash and cash equivalents
567.39
306.68
# Out of the balance as at March 31, 2019, the Company can utilise
`
2.15 million only towards research and development
activities specified in the agreement. There were no such restrictions for utilisation of the cash and cash equivalent balance
as at March 31, 2018.
* The Company can utilize these balances only towards settlement of the respective unpaid dividend.
** The Company can utilize these balances only towards buy back of equity shares.
Summary of significant accounting policies - Refer note 3
Cash Flow Statement for the year ended March 31, 2019
The accompanying notes are an integral part of the financial statements.
As per our report of even date
For Deloitte Haskins & Sells LLP
For and on behalf of the Board of Directors of
Chartered Accountants
Persistent Systems Limited
ICAI Firm registration no. 117366W/W-100018
Hemant M. Joshi
Dr. Anand Deshpande
Kiran Umrootkar
Partner
Chairman and Managing Director
Director
Membership no. 038019
DIN: 00005721
DIN: 00326672
Sunil Sapre
Amit Atre
Executive Director and
Company Secretary
Chief Financial Officer
Membership No. A20507
DIN: 06475949
Place: Pune
Place: Pune
Date: April 27, 2019
Date: April 27, 2019