289 / 300
Notes forming part of onancial statements (Contd.)
Annual Report 2016-17
•
289
•
There is no repayment schedule in respect of this advance. It is repayable on demand. This amount is utilized
for meeting business requirements.
k) Advance to Aepona Software (Private) /imited
•
Balance as at March 31, 2017
`
0.64 million (Previous year:
`
0.10 million)
•
Maximum amount outstanding during the year
`
0.64 million (Previous year:
`
0.10 million)
•
There is no repayment schedule in respect of this advance. It is repayable on demand. This amount is utilized
for meeting business requirements.
l) Advance to Persistent Systems Mexico, S.A. de C.V
•
Balance as at March 31, 2017
`
1.92 million (Previous year:
`
Nil million)
•
Maximum amount outstanding during the year
`
6.05 million (Previous year:
`
Nil million)
•
There is no repayment schedule in respect of this advance. It is repayable on demand. This amount is utilized
for meeting business requirements.
m) Advance to Akshat Corporation (d.b.a. RGen Solutions)
•
Balance as at March 31, 2017
`
0.10 million (Previous year:
`
Nil million)
•
Maximum amount outstanding during the year
`
0.11 million (Previous year:
`
Nil million)
•
There is no repayment schedule in respect of this advance. It is repayable on demand. This amount is utilized
for meeting business requirements.
n) Advance to Persistent Systems Germany GmbH
•
Balance as at March 31, 2017
`
0.51 million (Previous year:
`
Nil million)
•
Maximum amount outstanding during the year
`
0.51 million (Previous year:
`
Nil million)
•
There is no repayment schedule in respect of this advance. It is repayable on demand. This amount is utilized
for meeting business requirements.
44. Specioed Bank Notes (SBN) held during and transacted during the period November 8, 2016 to December 30,
2016:
(In
`
million)
Particulars
SBN
Other
denomination
Total
Closing cash in hand as on November 8, 2016
0.08
0.05
0.13
Add Permitted receipts
-
0.45
0.45
Add Petty advance returned back from locations
0.08
-
0.08
/ess
Permitted Payments
-
(0.42)
(0.42)
/ess
Amount Deposited in Bank
(0.16)
-
(0.16)
Closing cash in hand as on December 30, 2016
-
0.08
0.08
45. First-time adoption of Ind-AS
These onancial statements for the year ended March 31, 2017 have been prepared in accordance with Ind-AS. For periods
up to and including the year ended March 31, 2016, the Company prepared its onancial statements in accordance with
statutory reporting requirements in India immediately before adopting Ind AS (‘previous GAAP’).
Accordingly, the Company has prepared onancial statements which comply with Ind-AS applicable for year ending on
March 31, 2017, together with the comparative period data as at and for the year ended March 31, 2016. In preparing
these onancial statements, the Company’s opening balance sheet was prepared as at April 1, 2015, the Company’s date
of transition to Ind-AS. This note explains the principal adjustments made by the Company in restating its Indian GAAP
onancial statements, including the balance sheet as at April 1, 2015 and the onancial statements as at and for the year
ended March 31, 2016.