313 / 327
Shaping the future of software driven business
Unconsolidated Financials •
313
(In
`
Million)
Name of the related party and nature of relationship
For the year ended
March 31, 2019
March 31, 2018
Legal and professional fees Entity over which a key management personnel
has significant influence
Azure Associates, LLC
23.07
10.68
Total
23.07
10.68
Interest income
Subsidiaries
Persistent Systems, Inc.
1.07
17.24
Persistent Systems Germany GmbH
9.53
13.63
Total
10.60
30.87
Dividend Income
Subsidiaries
Persistent Systems Pte Ltd
25.58
48.04
Persistent Systems France SAS
85.37
40.44
Persistent Systems Malaysia Sdn. Bhd.
100.55
-
Total
211.50
88.48
Cost of professionals
Subsidiaries
Persistent Systems, Inc.
1,408.15
1,595.82
Persistent Systems France SAS
22.65
-
Persistent Systems Malaysia Sdn. Bhd.
85.34
-
Persistent Telecom Solutions Inc. (wholly owned
subsidiary of Persistent Systems, Inc.)
204.25
186.95
Akshat Corporation (d.b.a Rgen Solutions) (wholly
owned subsidiary of Persistent Systems, Inc.)
-
58.91
Aepona Limited (wholly owned subsidiary of Aepona
Group Limited)
29.51
19.26
Persistent Systems Lanka (Private) Limited (wholly
owned subsidiary of Valista Limited, Ireland)
74.87
8.87
Persistent Systems Mexico, S.A. de C.V. (wholly owned
subsidiary of Persistent Systems, Inc.)
43.07
9.46
Parx Werk AG (wholly owned subsidiary of Persistent
Systems Germany Gmbh)
17.36
-
Total
1,885.20
1,879.27
Reimbursement of
expenses
Subsidiary
Persistent Systems, Inc.
-
15.48
Total
-
15.48
Purchase of Software
Subsidiary
Persistent Systems, Inc.
13.75
8.28
Total
13.75
8.28
Selling and marketing
expenses
Subsidiaries
Persistent Systems, Inc.
1,305.28
604.01
Aepona Limited
2.96
-
Persistent Telecom Solutions Inc.
84.87
-
Total
1,393.11
604.01
Commission received on
corporate guarantee
Subsidiary
Persistent Systems, Inc.
1.67
1.85
Total
1.67
1.85
Travelling and conveyance Subsidiary
Persistent Systems, Inc.
5.57
2.66
Persistent Systems France SAS
0.76
-
Total
6.33
2.66
Notes forming part of financial statements (Contd.)