Page 78 - Crisil Annual Report 2023

10. Provisions and other liabilities
Provisions represent funds put aside by the Group to cover anticipated obligation in the future as a result of past event.
A. Provision for employee benefits
The overall liability was C141.49 crore as at December 31, 2023, compared with C 115.93 crore in the previous year.
B. Results of operations
Summary of the consolidated operating performance:
Income
Revenue from operations Other income
Total income
Expenses
Employee benefits expense
Finance costs
Depreciation and amortisation expenses Other expenses
Total expenses Profit before tax
B.
Other liabilities
Other non-financial liabilities mainly includes unearned revenue and statutory liabilities. Unearned revenue represents fee received in advance for which services have not been rendered. Other liabilities were C 380.19 crore as against C 315.32 crore in the previous year.
(C crore)
2,768.72 96
122.47 4
2,891.19 100
1,552.98 54
6.40 0
103.31 4
486.10 16
2,148.79 74
742.40 26
Integrity Insight Impact
Particulars
Year-ended December 31,
2023
% of revenue
2022
% of revenue
3,139.52
97
93.64
3
3.233.16
100
1,747.77
54
3.66
0
103.78
3
510.25
16
2,365.46
73
867.70
27
Profit before tax for the year ended December 31, 2023, includes a one-off gain of C 29.4 crore due to sharp devaluation of the Argentinian peso in Q4’23. A rise in the US dollar against the Rupee and the British Pound had increased profitability (Profit before tax) for FY 2022 by C 30.1 crore on account of revaluation of a subsidiary loan.
Segmental Revenue Analysis:
75% 2,367.13
25% 772.39
76% 2,105.29
24% 663.43
(C crore) Segmental Profits:
60% 493.63
40% 334.65
62% 457.08
38% 2022 278.59
Total 735.67
(C crore)
2023
Total 3,139.52
Rating services Research, Analytics and Solutions
Rating services Research, Analytics and Solutions
2022
Total 2,768.72
(C crore)
76
(C crore) Annual Report 2023
2023
Total 828.28