287 / 300
Notes forming part of onancial statements (Contd.)
Annual Report 2016-17
•
287
38. Auditors’ remuneration
(In
`
million)
For the year ended
March 31, 2017
March 31, 2016
As auditor:
-
Audit fee
5.74
5.27
-
Tax audit fee
0.24
0.21
In other capacity:
-
Other services
0.54
1.31
Reimbursement of expenses
0.04
0.23
6.56
7.02
39. Research and development expenditure
The particulars of expenditure incurred on in-house research and development are as follows:
(In
`
million)
For the year ended
March 31, 2017
March 31, 2016
Capital
-
0.11
Revenue
543.76
62.47
543.76
62.58
40.
The Company has incurred an expenditure of
`
70.03 million during the onancial year 2016-17 (Previous year
`
62.02 million) on Corporate Social Responsibility in accordance with section 135(5) of the Companies Act, 2013
41. Details of dues to micro and small enterprises as deoned under MSMED Act, 2006
There are no defaults and overdue amounts payable to suppliers, who have intimated about their status as Micro
and Small Enterprises as per the provisions of Micro, Small and Medium Enterprises Development Act, 2006
(MSMED Act, 2006).
42. Net dividend remitted in foreign exchange
(In USD million)
Particulars
Period
to which
dividend
relates
No. of non-resident
shareholders
No. of equity
shares held on
which dividend was
due (in million)
For the year ended
March 31, 2017
March 31, 2016
Interim dividend
2016-17
2
0.37
0.04
-
Final dividend
2014-15
2
0.37
-
0.03
Interim dividend
2015-16
2
0.37
-
0.04
43. Loans and advances in the nature of loans given to subsidiaries and associates and orms / companies in
which directors are interested
a) /oan to Persistent Systems, Inc.
•
Balance as at March 31, 2017
`
317.76 million (Previous year:
`
Nil million)
•
Maximum amount outstanding during the year
`
329.23 million (Previous year:
`
330.65million)
•
Principle and interest is receivable at the end of 3 years @ /IBOR + 3.5% p.a. This amount is utilized for
meeting business requirements.
b) Advance to Persistent Systems, Inc.
•
Balance as at March 31, 2017
`
43.85 million (Previous year:
`
33.20 million).