191 / 300
Notes forming part of consolidated onancial statements (Contd.)
Annual Report 2016-17
•
191
6.2. Goodwill
(In
`
Million)
As at
March 31, 2017
In
`
Million
As at
March 31, 2016
In
`
Million
As at
April 1, 2015
In
`
Million
Cost
Balance at beginning of year
77.87
23.91
-
Additional amounts recognised from business
combinations occurring during the year
-
77.87
23.91
Derecognition on dissolution of subsidiary
-
(23.91)
-
Effect of foreign currency exchange differences
(1.64)
-
-
Balance at end of year
76.23
77.87
23.91
6.3. Other Intangible assets
(In
`
Million)
Software
Acquired
contractual rights
Total
Gross block
As at April 1, 2016
3,024.09
1,065.51
4,089.60
Additions
176.63
2,002.39
2,179.02
Disposals*
769.00
-
769.00
Effect of foreign currency translation from
functional currency to reporting currency
(46.29)
(87.21)
(133.50)
As at March 31, 2017
2,385.43
2,980.69
5,366.12
Amortization
As at April 1, 2016
2,177.12
587.33
2,764.45
Charge for the year
353.09
564.72
917.81
Disposals*
769.00
-
769.00
Effect of foreign currency translation from
functional currency to reporting currency
(36.58)
(25.61)
(62.19)
As at March 31, 2017
1,724.63
1,126.44
2,851.07
Net block
As at March 31, 2017
660.80
1,854.25
2,515.05
As at March 31, 2016
846.97
478.18
1,325.15
* Expired software licenses of
`
769.00 million having NI/ written down value removed.