Page 197 - Crisil Annual Report 2023

Financial Statements
Consolidated
Deferred tax
The tax effect of significant temporary differences that resulted in deferred income tax assets and liabilities are as follows:
As at December 31, 2023
Deferred tax liability on:
Gains from investments
Gains from mutual funds
Provision for ESOS
Discounting of security deposits
Property, plant and equipment and other intangible assets
Gross deferred tax liability Deferred tax asset on:
Provision for compensated absences Provision for bonus and commission Provision for gratuity
Provision for LTIP
Provision for doubtful trade receivables
Initial rating fees and other deferred revenue Business combination
Gains / losses on forward contract
Lease liability and right of use assets
40A(ia) of the Income Tax Act, 1961 and other items Brought forward losses
Interest expense disallowance
Gross deferred tax asset
Net deferred tax asset
As at December 31, 2022
Deferred tax liability on:
Gains from investments
Gains from mutual funds
Provision for ESOS
Discounting of security deposit
Gross deferred tax liability Deferred tax asset on:
Provision for compensated absences
Provision for bonus and commission
Provision for gratuity
Provision for LTIP
Provision for doubtful trade receivables
Initial rating fees and other deferred revenue
Business combination
(C lakh)
Particulars
Opening balance
Recognised in profit and loss
Recognised in OCI
Adjustments
Exchange difference
Closing balance
607
-
(71)
-
-
536
205
458
-
-
-
663
99
(35)
-
-
(13)
51
36
-
-
-
-
36
(370)
70
-
569
(108)
161
577
493
(71)
569
(121)
1,447
1,905
336
-
-
2
2,243
2,532
770
-
-
(30)
3,272
919
280
29
1
-
1,229
463
164
-
-
32
659
556
(141)
-
-
1
416
296
33
-
-
-
329
563
-
-
-
-
563
429
-
(432)
-
-
(3)
299
(180)
-
(31)
32
120
533
472
-
-
20
1,025
21
-
-
-
-
21
-
146
-
-
-
146
8,516
1,880
(403)
(30)
57
10,020
7,939
1,387
(332)
(599)
178
8,573
Particulars
Opening balance
Recognised in profit and loss
Recognised in OCI
Adjustments
Exchange difference
Closing balance
639 - (32)
82 123 -
- 102 -
36 - -
757 225 (32)
1,783 121 -
1,772 732 -
738 239 (58)
- 460 -
531 21 -
250 46 -
401 256 -
- -
- -
- (3)
- -
- (3)
- 1
- 28
- -
- 3
- 4
- -
- (94)
(C lakh)
607
205
99
36
947
1,905
2,532
919
463
556
296
563
Annual Report 2023
195