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Shaping the future of software driven business
Unconsolidated Financials •
315
(In
`
Million)
Name of the related party and nature of relationship
For the year ended
March 31, 2019
March 31, 2018
Rent paid
Key management personnel
Mr. Sunil Sapre
0.16
0.03
Relatives of Key Management Personnel
Dr. Asha Sapre
0.16
0.03
Total
0.32
0.06
Deposit given
Key management personnel
Mr. Sunil Sapre
-
0.16
Total
-
0.16
Intercorporate deposits
given during the year ##
Subsidiaries
Persistent Systems Germany GmbH
-
617.27
Total
-
617.27
Investment in Persistent
Systems Germany GmbH
(Shares pending allotment)
Subsidiaries
Persistent Systems Germany GmbH
78.72
-
Total
78.72
-
Conversion of loan to
equity
Subsidiaries
Persistent Systems Germany GmbH
711.17
-
Total
711.17
-
Repayment of
intercorporate deposits##
Subsidiaries
Persistent Systems Inc.
132.74
187.90
Total
132.74
187.90
Donation given
Entity over which a key management personnel
has significant influence
Persistent Foundation
70.51
66.61
70.51
66.61
* Mr. Mritunjay Singh resigned as executive director w.e.f. November 24, 2017.
** Dr. Anant Jhingran resigned on November 3, 2016 and re-appointed as an Independent director on November 21, 2017.
‘@ Dr. Deepak Phatak and Mr. Guy Eiferman have been appointed as additional directors (independent member ) on the board
of Persistent Systems Limited w.e.f. April 24, 2018.
# The remuneration to the key managerial personnel does not include the provisions made for gratuity, long service awards and
leave benefits, as they are determined on an actuarial basis for the Company as a whole.
## These transactions are disclosed at the exchange rates prevailing on the date of transaction.
Notes forming part of financial statements (Contd.)