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Annual Report 2016-17
The accompanying notes are an integral part of the 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
Date : April 25,2017
Place : Pune
Date : April 25,2017
Place : Pune
Date : April 25,2017
Balance Sheet as at March 31, 2017
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
5.1
2,501.10
2,771.92
2,835.23
Capital work-in-progress
28.85
13.80
40.04
Other Intangible assets
5.2
222.04
148.88
199.93
2,751.99
2,934.60
3,075.20
Financial assets
-
Investments
6
4,934.41
2,774.71
3,266.17
-
/oans
7
439.76
73.63
49.90
-
Other non current onancial assets
8
915.13
870.10
13.39
Deferred tax assets (net)
9
-
-
44.48
Other non-current assets
10
62.59
66.55
70.35
9,103.88
6,719.59
6,519.49
Current assets
Financial assets
-
Investments
11
4,499.66
4,914.36
4,661.23
-
Trade receivables
12
4,781.35
3,815.07
2,542.12
-
Cash and cash equivalents
13
449.83
499.26
485.02
-
Other bank balances
14
47.51
37.28
524.71
-
/oans
15
7.45
5.78
323.82
-
Other current onancial assets
16
1,184.04
1,389.64
404.16
Current tax assets (net)
-
71.39
125.47
Other current assets
17
521.21
440.32
184.13
11,491.05
11,173.10
9,250.66
TOTAL
20,594.93
17,892.69
15,770.15
EQUITY AND LIABILITIES
EQUITY
Equity share capital
4
800.00
800.00
800.00
Other equity
17,344.14
14,846.46
13,405.66
18,144.14
15,646.46
14,205.66
LIABILITIES
Non- current liabilities
Financial liabilities
-
Borrowings
18
21.71
26.91
26.19
Provisions
19
139.46
117.26
112.65
Deferred tax liabilities (net)
9
110.75
30.14
-
271.92
174.31
138.84
Current liabilities
Financial liabilities
-
Trade payables [(dues of micro and small
enterprises
`
Nil (March 31, 2016/April 1, 2015 :
`
Nil)@
20
1,177.91
1,051.33
300.89
-
Deferred payment liabilities
0.86
4.34
-
-
Other onancial liabilities
21
118.40
113.39
156.52
Other current liabilities
22
351.72
401.50
292.79
Provisions
23
524.27
501.36
675.45
Current tax liabilities (net)
5.71
-
-
2,178.87
2,071.92
1,425.65
TOTAL
20,594.93
17,892.69
15,770.15
Summary of signiocant accounting policies
3