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Annual Report 2016-17
Other Intangible assets
The gross block of intangible assets amounted to
`
5,366.12 Million as at March 31, 2017 as against
`
4,089.60 Million
as at March 31, 2016. The addition of
`
2,179.02 Million in intangible assets is mainly on account certain contractual
rights in respect of one of the product acquired, capitalization of internally developed intangible assets and acquisition
of a software platform and software licenses. During the year ended March 31, 2017, the Company removed the e[pired
software licenses of
`
769.00 Million having NI/ written down value. Please refer Note 6.3 of the consolidated onancials
for details.
Intangible assets under development
The Company has deployed a team of software developers for development of Intellectual Property Rights. The
developments were in progress on the Balance Sheet date and accordingly, the e[penses of
`
241.13 Million as at
March 31, 2017 as against
`
241.63 Million related to such resources have been considered as “Intangible assets under
development”.
Non-current onancial assets
The non-current onancial assets at March 31, 2017 were
`
3,393.29 Million as against
`
2,425.62 Million as at
March 31, 2016. The details of non-current onancial assets are as follows:
(In
`
Million)
Particulars
As at
March 31, 2017
As at
March 31, 2016
Investments
2,339.44
1,469.29
/oans
131.49
86.23
Other non-current onancial assets
922.36
870.10
Total
3,393.29
2,425.62
Non-current onancial assets: Investments
The total non-current investments as on March 31, 2017 stood at
`
2,339.44 Million as against
`
1,469.29 Million in the
previous year. The net increase in non-current investments is mainly due to additional investments in mutual funds that
are intended to be held for more than 12 months from the date of investment. Please refer Note 7 of the consolidated
onancials for details.
Non-current onancial assets: Loans
The non-current loans as at March 31, 2017 were
`
131.49 Million as compared to
`
86.23 Million as at March 31, 2016. The
increase in the balance is on account of increase in security deposits in respect of the new premises taken on lease at
various locations. Please refer Note 8 of the consolidated onancials for details.
Other non-current onancial assets
Other non-current onancial assets consists of the non-current deposits with banks and the onancial institutions
including interest accrued on these deposits. The total of such deposits amounted to
`
922.36 Million as at
March 31, 2017 as against
`
870.10 Million as at March 31, 2016. The increase in the amortised cost of these deposits
represents the increase in interest accrued during the year. Please refer Note 9 of the consolidated onancials for details.
Deferred Tax Assets (Net of Deferred Tax Liabilities)
The deferred ta[ assets (net of deferred ta[ liabilities) as on March 31, 2017 amounted to
`
195.64 Million as against
`
129.01 Million as on March 31, 2016. The net increase in the deferred ta[ assets is mainly on account of the increase
in temporary differences between the ta[ base and carrying value of the property, plant and equipment and intangible
assets and the e[penses allowable on payment basis.
Note 10 of the consolidated onancials gives component-wise details of deferred ta[ balance where the net value results
into an asset.
Other non-current assets
Other non-current assets include capital advance and other advances recoverable in cash or kind. The amount of Other
non-current assets was
`
71.85 Million as at March 31, 2017 as against
`
649.13 Million as at March 31, 2016. The reduction