Page 286 - Crisil Annual Report 2023

Transactions with related parties
CRISIL Ratings Limited
Investment outstanding
Professional fees rendered
Professional fees paid
Transfer of funds received from customer on behalf of the other entity
Transfer of employee related liabilities
Dividend income
Sale of property, plant and equipment
Purchase of property, plant and equipment
Reimbursement of expense received (ESOS)
(C lakh)
2,610 118 188 2,916
78 16,200 - -
4
Integrity Insight Impact
Name of the related party
Nature of transaction / outstanding balances
As at and for the year ended December 31, 2023
As at and for the year ended December 31, 2022
2,610
179
201
788
125
16,980
21
3
-
3,736
2,224
585
721
-
4
59
54
57
55
1,009
7,878
16
331
1,000
1
178
-
1
3,569 1,712 355 - 4 4 55 52 54 52 Remuneration 969 Options alloted (Number) 29,941 Dividend paid 6 Remuneration 263 Options alloted (Number) 850 Dividend paid -* Remuneration 146 Options alloted (Number) 999 Dividend paid 1
Bridge To India Energy Private Limited Greenwich Associates Singapore Pte Ltd
Girish Paranjpe Shyamala Gopinath Vinita Bali
Amar Raj Bindra Amish Mehta
Sanjay Chakravarti
Minal Bhosale
Share of overhead expenses received Expenses recovered
Amount receivable (net)
Investment outstanding Reimbursement of expense received Amount receivable
Sitting fees and commission Sitting fees and commission Sitting fees and commission Sitting fees and commission
‘-*’ in amounts column denote amount less than C 50,000
Notes:
1. All related party transactions entered during the year were in ordinary course of the business and on arm’s length basis.
2. Employee benefits that requires actuarial valuation or are linked to events or fulfilment of conditions are disclosed in managerial remuneration as and when paid.
40 Leases
The Company has elected not to recognise right of use assets and lease liabilities for short term leases (lease term of 12 months or less) and leases of low-value and has recognised the lease payments for such leases as an expense over the lease term.
284 Annual Report 2023