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Notes forming part of onancial statements (Contd.)
278
•
Annual Report 2016-17
(In
`
Million)
Name of the related party and nature of relationship
For the year ended
March 31, 2017
March 31, 2016
Interest income
Subsidiaries
Persistent Systems, Inc.
10.75
14.16
Total
10.75
14.16
Cost of professionals
(excluding reimbursement
of expenses)
Subsidiaries
Persistent Systems, Inc.
1,612.91
1,289.07
Persistent Systems France SAS
6.16
8.41
CloudSquads Inc.
-
4.50
(wholly owned subsidiary of Persistent Systems, Inc.)
Persistent Telecom Solutions Inc.
82.18
-
(wholly owned subsidiary of Persistent Systems, Inc.)
Akshat Corporation (d.b.a Rgen Solutions)
104.69
-
(wholly owned subsidiary of Persistent Systems, Inc.)
Aepona /imited
49.62
-
(wholly owned subsidiary of Aepona Group /imited)
Total
1,855.56
1,301.98
Reimbursement of
expenses
Subsidiaries
Persistent Systems, Inc.
137.65
202.82
Total
137.65
202.82
Purchase of Software
Subsidiary
Persistent Systems, Inc.
1.78
0.72
Total
1.78
0.72
Commission on sales
Subsidiaries
Persistent Systems, Inc.
729.24
613.45
CloudSquads Inc.
-
0.40
(wholly owned subsidiary of Persistent Systems, Inc.)
Total
729.24
613.85
Commission received on
corporate guarantee
Subsidiary
Persistent Systems, Inc.
0.14
0.28
Total
0.14
0.28
Travelling and conveyance
Subsidiary
Persistent Systems, Inc.
10.72
14.56
Persistent Systems France SAS
0.11
0.21
Persistent Telecom Solutions Inc.
0.09
-
(wholly owned subsidiary of Persistent Systems, Inc.)
Total
10.92
14.77