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• Annual Report 2018-19
Shaping the future of software driven business
(iii) Outstanding balances
(In
`
Million)
Name of the related party and nature of relationship
As at
March 31, 2019
March 31, 2018
Loans and advances given Subsidiaries
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 Israel Ltd.
0.38
0.03
Akshat Corporation (d.b.a Rgen Solutions)
-
0.05
Aepona Limited
-
-
Persistent Systems Lanka (Private) Limited
2.41
1.95
Persistent Systems Malaysia Sdn. Bhd
0.08
0.29
Persistent Systems México, S.A. de C.V.
0.59
0.40
Persistent Systems Germany GmbH
0.57
-
Associate
Klisma e-Services Private Limited @
0.81
0.81
Total
76.84
74.29
Advances received
Subsidiaries
Persistent Telecom Solutions Inc.
-
179.69
Aepona Limited
0.16
0.44
Total
0.16
180.13
Trade payables
Subsidiaries
Persistent Systems France SAS
5.52
0.01
Persistent Systems, Inc.
409.23
286.94
Persistent Systems Malaysia Sdn. Bhd.
24.57
-
Persistent Telecom Solutions Inc. (wholly owned
subsidiary of Persistent Systems, Inc.)
97.21
20.67
Aepona Limited (wholly owned subsidiary of Aepona
Group Limited)
6.40
-
Akshat Corporation (d.b.a Rgen Solutions) (wholly
owned subsidiary of Persistent Systems, Inc.)
-
5.72
Persistent Systems Lanka (Private) Limited
26.91
2.35
Persistent Systems Mexico, S.A. de C.V.
12.44
3.58
PARX Werk AG
0.24
-
Entity over which a key management personnel
has significant influence
Azure Associates, LLC
2.83
0.20
Total
585.35
319.47
Trade receivables
Subsidiaries
Persistent Systems France SAS
3.89
8.85
Persistent Systems, Inc.
285.30
877.07
Persistent Telecom Solutions Inc.
11.10
259.88
Persistent Systems Malaysia Sdn. Bhd.
16.99
38.81
Persistent Systems Pte Ltd
-
9.33
Akshat Corporation (d.b.a Rgen Solutions)
-
0.05
Aepona Limited
-
25.07
PARX Werk AG
-
1.34
PARX Consulting GmbH
6.33
1.82
Entity over which a key management personnel
has significant influence
Deazzle Services Private Limited
2.14
3.45
Total
325.75
1,225.67
Notes forming part of financial statements (Contd.)