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Annual Report 2016-17
Notes
As at
March 31, 2017
In
`
Million
As at
March 31, 2016
In
`
Million
As at
April 1, 2015
In
`
Million
ASSETS
Non-current assets
Property, Plant and Equipment
6.1
2,768.36
2,968.21
3,020.68
Capital work-in-progress
48.47
23.64
40.04
Goodwill
6.2
76.23
77.87
23.91
Other Intangible assets
6.3
2,515.05
1,325.15
995.30
Intangible assets under development
241.13
241.63
-
5,649.24
4,636.50
4,079.93
Financial assets
- Investments
7
2,339.44
1,469.29
2,308.17
- /oans
8
131.49
86.23
57.50
-Other non-current onancial assets
9
922.36
870.10
13.39
Deferred ta[ assets (net)
10
306.39
129.01
244.45
Other non-current assets
11
71.85
649.13
80.73
9,420.77
7,840.26
6,784.17
Current assets
Financial assets
- Investments
12
4,499.66
4,914.36
4,661.23
- Trade receivables
13
4,753.83
4,275.49
3,585.76
- Cash and cash equivalents
14
1,461.38
1,400.19
987.41
- Other bank balances
15
48.25
38.76
526.10
- /oans
16
14.00
9.12
10.87
- Other current onancial assets
17
2,316.03
1,763.98
909.13
Current ta[ assets (net)
94.42
153.12
20.07
Other current assets
18
855.39
803.32
396.55
14,042.96
13,358.34
11,097.12
TOTAL
23,463.73
21,198.60
17,881.29
EQUITY AND LIABILITIES
E4UITY
Equity share capital
5
800.00
800.00
800.00
Other equity
18,192.63
15,777.83
13,901.09
18,992.63
16,577.83
14,701.09
LIABILITIES
Non- current liabilities
Financial liabilities
- Borrowings
19
21.71
26.91
26.19
- Deferred payment liabilities
19.74
-
-
Provisions
20
146.14
124.41
115.98
Deferred ta[ liabilities (net)
10
110.75
-
2.51
298.34
151.32
144.68
Current liabilities
Financial liabilities
- Tradepayables [(duesofmicroandsmall enterprises
`
Nil (March 31, 2016/ April 1, 2015
`
Nil)@
21
1,209.36
1,599.32
497.00
- Deferred payment liabilities
0.86
4.34
-
- Other onancial liabilities
22
452.72
534.63
535.01
Other current liabilities
23
1,118.75
1,107.53
729.71
Provisions
24
1,391.07
1,223.63
1,273.80
4,172.76
4,469.45
3,035.52
TOTAL
23,463.73
21,198.60
17,881.29
Summary of signiocant accounting policies
4
The accompanying notes are an integral part of the consolidated onancial statements
As per our report of even date
For Deloitte Haskins & Sells LLP
ICAI Firm registration no. 117366W/W-100018
Chartered Accountants
For JOSHI APTE & CO
ICAI Firm registration no. 104370W
Chartered Accountants
For and on behalf of the Board of Directors of
Persistent Systems Limited
per Hemant M. Joshi
Partner
Membership no. 038019
per C. K. Joshi
Partner
Membership no. 030428
Dr. Anand Deshpande
Chairman and
Managing Director
Kiran Umrootkar
Director
Sunil Sapre
Chief Financial Ofocer
Amit Atre
Company Secretary
Place: Pune
Place: Pune
Place: Pune
Date: April 25, 2017
Date: April 25, 2017
Date: April 25, 2017
Consolidated Balance Sheet as at March 31, 2017