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• Annual Report 2018-19
Shaping the future of software driven business
39. Research and development expenditure
The particulars of expenditure incurred on in-house research and development are as follows:
(In
`
Million)
For the year ended
March 31, 2019
March 31, 2018
Capital
0.46
-
Revenue
182.35
281.99
182.81
281.99
40.
The Company was required to spend an amount of
`
79.08 million during the financial year 2018-19 (Previous year
`
73.80
million) on Corporate Social Responsibility in accordance with section 135(5) of the Companies Act, 2013. The Company
has spent
`
80.36 million (
`
1.40 million in kind) during the financial year 2018-19 (Previous year
`
74.46 million) on pur-
poses other than construction / acquisition of any asset.
41. Details of dues to micro and small enterprises as defined under MSMED Act, 2006
There are no defaults and overdue amounts payable to suppliers, who have intimated about their status as Micro and Small
Enterprises as per the provisions of Micro, Small and Medium Enterprises Development Act, 2006 (MSMED Act, 2006).
42. Net dividend remitted in foreign exchange
(In USD million)
Particulars
Period to which
dividend relates
No. of
non-resident
shareholders
No. of equity
shares held on
which dividend
was due
(in million)
For the year ended
March 31, 2019
March 31, 2018
Final dividend
2016-17
1
0.002
-
0.0001
Final dividend
2017-18
3
0.37
0.02
-
Interim dividend
2017-18
2
0.0068
-
0.00074
Interim dividend
2018-19
3
0.37
0.0001
-
43. Loans and advances in the nature of loans given to subsidiaries and associates and firms / companies in which
directors are interested
a) Loan to Persistent Systems, Inc.
• Balance as at March 31, 2019: Nil (Previous year:
`
130.34 million)
• Maximum amount outstanding during the year
`
139.97 million (Previous year:
`
329.23 million)
• Loan is granted for a period of 3 years @ US Prime Rate + 125 Bps. This amount has been utilized for meeting working
capital requirements.
b) Loan to Persistent Systems Germany GmbH
• Balance as at March 31, 2019: Nil (Previous year:
`
686.84 million)
• Maximum amount outstanding during the year
`
728.64 million (Previous year:
`
686.84 million)
• Loan is granted for a period of 3 years @ EURIBOR + 300 Bps. This amount has been utilized for meeting working capital
requirements and to fund its acquisition opportunities.
c) Advance to Persistent Systems, Inc.
• Balance as at March 31, 2019
`
63.19 million (Previous year:
`
67.27 million).
• Maximum amount outstanding during the year
`
67.27 million (Previous year:
`
67.27million).
• There is no repayment schedule in respect of this advance. It is repayable on demand. This amount is utilized for meeting
business requirements.
d) Advance to Persistent Systems Pte. Ltd.
• Balance as at March 31, 2019
`
0.11 million (Previous year: 0.15 million)
• Maximum amount outstanding during the year
`
0.25 million (Previous year:
`
0.15 million)
• There is no repayment schedule in respect of this advance. It is repayable on demand. This amount is utilized for meeting
business requirements
Notes forming part of financial statements (Contd.)