Page 199 - Crisil Annual Report 2023

Financial Statements
Consolidated
13.1 The balance lying in unbilled receivables as at December 31, 2022 is significantly billed during the current year.
13.2 The Group uses a provision matrix to determine impairment loss allowance on the portfolio trade receivables. The provision matrix is based on its historically observed default rates over the expected life of the trade receivables and is adjusted for forward looking estimates. At period end, the historical observed default rates are updated and changes in the forward looking estimates are analysed. Specific allowance for loss is also been provided by the management based on expected recovery on individual customers.
13.3 Reconciliation of loss allowance:
Opening balance
Add: Provided during the period Less: Utilisation
Closing balance
13.4 Ageing for trade receivables for each of the category
(C lakh)
2,138 998 (755) 2,381
(C lakh)
Particulars
Year ended December 31, 2023
Year ended December 31, 2022
2,381
62
(562)
1,881
As at December 31, 2023
(i) Undisputed trade receivables- considered good
(ii) Undisputed trade receivables- which have significant increase in credit risk
(iii) Undisputedtradereceivables-creditimpaired
(iv) Disputed trade receivables- considered good
(v) Disputed trade receivables- which have significant increase in credit risk
(vi) Disputed trade receivables- credit impaired
Total
Less: Allowance for doubtful trade receivables
Total
As at December 31, 2022
(i) Undisputed trade receivables- considered good
(ii) Undisputed trade receivables- which have significant increase in credit risk
(iii) Undisputed trade receivables- credit impaired
(iv) Disputed trade receivables- considered good
(v) Disputed trade receivables- which have significant increase in credit risk
(vi) Disputed trade receivables- credit impaired
18,916
-
-
-
-
-
19,557
-
-
-
-
-
19,557
34,806
-
330
-
-
-
35,136
2,604
-
324
-
-
-
2,928
- -
- -
910 41
- -
- -
- -
910 41
-
-
776
-
-
-
776
(C lakh)
75,883
-
2,381
-
-
-
78,264
(2,381)
75,883
Particulars
Unbilled
Outstanding for following periods from due date of payment
Total
Not Due
Less
than 6 months
6 months -1year
1-2 years
2-3 years
More than 3 years
15,440
24,605
28,404
502
-
-
-
68,951
-
-
-
-
-
-
-
-
103
-
301
817
477
178
5
1,881
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
15,543
24,605
28,705
1,319
477
178
5
70,832
(1,881)
68,951
Particulars
Unbilled
Outstanding for following periods from due date of payment
Total
Not Due
Less
than 6 months
6 months -1year
1-2 years
2-3 years
More than 3 years
Total 18,916
Less: Allowance for doubtful trade receivables
Total
Annual Report 2023
197