Page 265 - Index

Mission-Critical Decisions, Made with Confidence.
12. Tax assets (Non-current)
Particulars As at
December 31, 2024
(C lakh)
As at
December 31, 2023
Advance income-tax (net of provision for taxation) 18,575 12,318
Total 18,575 12,318
13. Other non-current assets
Particulars As at
December 31, 2024
(C lakh)
As at
December 31, 2023
Financial Statements
Capital advances 1,004 159
Prepaid expenses 301 237
Balance with government authority 2,317 424
Total 3,622 820
14. Trade receivables (Current)
Particulars As at
December 31, 2024
(C lakh)
As at
December 31, 2023
Trade receivables considered good- secured - -
Trade receivables considered good- unsecured (refer to note 40) 28,459 37,582
Trade receivables which have significant increase in credit risk- -
Trade receivables - credit impaired 933 785
Less: Allowance for doubtful trade receivables (933) (785)
Total 28,459 37,582
14.1 The balance lying in unbilled receivables as at December 31, 2023 is significantly billed during the current year.
14.2 The Company 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.
14.3 Reconciliation of loss allowance:
Particulars Year ended
December 31, 2024
(C lakh)
Year ended
December 31, 2023
Opening balance 785 1,693
Add: Provided during the year 385 (471)
Less: Utilisation (237) (437)
Closing balance 933 785
Annual Report 2024
263