Page 212 - Index

Consolidated
Segment reporting for the year ended December 31, 2023
(C lakh)
Particulars Business segments Total
Ratings
services
Research,
Analytics and
Solutions
Operating revenue (refer to note 30) 77,239 2,36,713 3,13,952
Segment results 33,465 49,363 82,828
Add / (less) unallocables :
1. Unallocable income
Interest income 882
Profit/ gain on current investments 3,612
Profit on sale of property, plant and equipment 314
Grant income 7
Others* 4,401
2. Unallocable expenditure (47)
3. Depreciation and amortisation expenses (Unallocable) (5,227)
Profit before tax 86,770
Tax expense (20,926)
Profit after tax 65,844
Segment assets 28,648 1,56,886 1,85,534
Unallocable assets** 1,44,205
Segment liabilities 23,389 66,274 89,663
Unallocable liabilities** 21,150
Revenue and non-current assets by geographic segments:
Geography Revenue Non-current
(C lakh)
assets#
India 84,645 25,095
Europe 77,732 22,035
North America 1,26,995 18,254
Rest of the world 24,580 2,071
Total 3,13,952 67,455
Notes to segmental results :
* Other income which have been allocated to business segments have not been considered in determining unallocable income.
**  Assets and liabilities used interchangeably between business segments have been classified as unallocable. The Group believes
that it is currently not practical to allocate these assets and liabilities since a meaningful segregation of the available data is
not feasible.
#  Non-current assets for the purpose of geographical segment does not include deferred tax assets, tax assets and
financial instruments.
Entity wide disclosures:
None of the customers for the year ended December 31, 2024 and December 31, 2023 constituted 10% or more of the
the total revenue of the Group.
210 Annual Report 2024