Page 70 - Index

Analysis of Crisil’s standalone financial
performance and result of operations
A. Financial performance
1. Property, plant and equipment, right of use assets
and other intangible assets
The Company’s investments in property, plant, and
equipment represent cost of buildings, leasehold
improvements, computers, software, office equipment,
furniture, fixtures, and vehicles. Property, plant and
equipment are measured at cost less accumulated
depreciation and impairment losses, if any.
During the year, the Company capitalised C 380.30
crore to its gross block. Property, plant, and equipment
capitalised during the year include office equipment,
computers, software, leasehold improvements and
right of use of assets.
The Company’s right of use assets consists of office
premises. The right of use assets are measured at
cost less accumulated depreciation and accumulated
impairment losses, if any, and adjusted for any
remeasurement of the lease liability.
The Company’s other intangible assets represents
software, customer relationship and platform are
stated at cost of acquisition or construction less
accumulated amortisation and impairment losses, if
any. The estimated useful lives of intangible assets and
the amortisation period are reviewed at the end of each
financial year.
Depreciation as a percentage of total income was 2%
in the current year. The Company expects to fund its
investments in fixed assets and infrastructure using
internal accruals and liquid assets.
At the end of the year, the Company’s investments in
net property, plant and equipment, right of use assets
and other intangible assets were C 419.13 crore as
against C 83.21 crore in the previous year.
2. Financial assets
A. Investments and treasury
The Company’s investments and treasury comprise
equity investments, investments in debt mutual funds,
fixed deposits and cash and bank balances.
a. Equity investments: All equity investments
(quoted and unquoted, other than investment in
subsidiaries) are measured at FVTOCI.
Investments in wholly owned subsidiaries are
measured at cost. As at December 31, 2024,
the cost of investment in subsidiaries totaled
C 153.61 crore as against C 153.07 crore in the
previous year.
b. Current investments and treasury: The
Company’s investments in debt mutual funds
are classified as FVTPL. The Company’s treasury
totaled C 815.97 crore as at December 31, 2024,
as against C 671.35 crore in the previous year.
Cash and cash equivalents constituted 11% of the
treasury as at December 31, 2024, as against 15%
in the previous year.
Standalone treasury position (` Crore)
3.96 5.79
92.20
101.45
719.81
564.11
2024 2023
Mutual funds
Cash and bank balance
Fixed deposits
The Company’s liquidity position is healthy.
B. Loans
Loans represent loan given to employees. As at
December 31, 2024, the outstanding amount totaled
C 5.30 crore compared with C 3.55 crore in the
previous year.
C. Trade receivables
Gross Trade receivables is C 293.92 crore as at
December 31, 2024, compared with C 383.67 crore in
the previous year. Trade receivables constituted 18%
of revenue compared with 24% in the previous year.
The Company believes the outstanding trade
receivables are recoverable and it has adequate
provision for bad debt. Provision for doubtful trade
68 Annual Report 2024