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• Annual Report 2018-19
Shaping the future of software driven business
16. Other current financial assets (refer note 31)
As at
March 31, 2019
In
`
Million
As at
March 31, 2018
In
`
Million
Fair value of derivatives designated and effective as hedging instruments
Forward contracts receivable
281.27
42.75
Advances to related parties (Unsecured, considered good) (refer note 34
and note 43)
Persistent Systems, Inc.
63.19
67.27
Persistent Systems Pte Ltd.
0.11
0.15
Persistent Systems France SAS
4.14
3.34
Persistent Telecom Solutions Inc.
4.56
-
Persistent Systems Malaysia Sdn. Bhd.
0.08
0.29
Persistent Systems Lanka (Private) Limited
2.41
1.95
Persistent Systems Israel Ltd.
0.38
0.03
Persistent Systems Mexico, S.A. de C.V
0.59
0.40
Akshat Corporation
-
0.05
Persistent Systems Germany GmbH
0.57
-
76.03
73.48
Advances to related parties (Unsecured, credit impaired) (refer note 34
and note 43)
Klisma e-Services Private Limited
0.81
0.81
Less: Impairment of current financial assets
(0.81)
(0.81)
-
-
Deposit with financial institutions
250.00
995.35
Add: Interest accrued but not due on deposit with financial institutions
10.97
20.65
Current deposits with financial institutions (Carried at amortised cost)
260.97
1,016.00
Unbilled revenue
1,577.47
715.47
2,195.74
1,847.70
17. Other current assets
As at
March 31, 2019
In
`
Million
As at
March 31, 2018
In
`
Million
Advances to suppliers (Unsecured, considered good)
Advances recoverable in cash or kind or for value to be received
286.27
360.47
Other advances (Unsecured, considered good)
VAT receivable (net)
35.07
47.09
Service tax and GST receivable (net) (Refer note 36)
922.10
967.06
957.17
1,014.15
1,243.44
1,374.62
18. Non-current financial liabilities : Borrowings (refer note 31)
As at
March 31, 2019
In
`
Million
As at
March 31, 2018
In
`
Million
Unsecured Borrowings carried at amortised cost
Term loans
Indian rupee loan from others
16.55
21.13
Interest accrued but not due on term loans
0.17
0.78
16.72
21.91
Notes forming part of financial statements (Contd.)