Page 71 - Index

Mission-Critical Decisions, Made with Confidence.
receivables balance was C 9.33 crore as at December
31, 2024, as against C 7.85 crore in the previous year.
Provision for doubtful trade receivables was increased
as a percentage of revenue from 0.48% to 0.56% for
the year ended December 31, 2024.
D. Other financial assets
Other financial assets comprise security deposits,
long term fixed deposit. Other financial assets as
at December 31, 2024 amounted to C 57.84 crore
compared with C 52.91 crore in the previous year.
3. Deferred tax assets
Deferred tax assets and liability comprise deferred
taxes on property, plant and equipment, right of use
assets, leave encashment, accrued compensation to
employees, gratuity, fair valuation of quoted/unquoted
investments, gain/ losses on forward contract,
provision for doubtful trade receivables, and unearned
revenue. The Company’s net deferred tax assets were
valued at C 54.88 crore as at December 31, 2024, as
against C 57.15 crore in the previous year. Deferred tax
assets are recognised only to the extent that there is
reasonable certainty sufficient future taxable income
will be available against which such deferred tax
assets can be realised.
4. Income tax assets
Net advance income tax asset was C 185.75 crore as
at December 31, 2024, compared with C 123.18 crore
in the previous year.
5. Other assets
Other assets mainly comprise prepaid expenses and
tax credit receivable.
6. Equity share capital
The Company’s authorised capital is C 19.50 crore,
comprising 195,000,000 equity shares of C 1 each.
During the year, the Company has issued and allotted
16,185 equity shares to eligible employees on exercise
of options granted under ESOS 2014. Consequently, the
issued, subscribed and paid-up capital increased from
73,113,605 to 73,129,790 equity shares of C 1 each.
7. Other equity
Other equity comprise reserves, surplus and OCI. It was
C 1,779.00 crore as at December 31, 2024, as against
C 1,482.51 crore in the corresponding previous period.
8. Financial liabilities
A. Trade payables
Trade payables amounted to C 111.91 crore as
at December 31, 2024, as against C 123.73 crore
in the previous year. Trade payables include the
amount payable to vendors for supply of goods
and services.
B. Other financial liabilities
Other financial liabilities, which include unclaimed
dividend, fair value of forward contracts, dues
to employees and sundry deposit payable, were
C 254.24 crore as at December 31, 2024, as
against C 189.62 crore in the previous year.
9. Provisions
Provisions comprise for employee benefits. The overall
liability was C 131.19 crore as at December 31, 2024, as
against C 114.52 crore at the end of the previous year.
10. Other liabilities
Other liabilities mainly represent payables on account
of withholding tax, Goods and Service tax, other duties,
and unearned revenue. Unearned revenue represents
fee received in advance or advance billing for which
services have not been rendered.
Annual Report 2024
69
Statutory Reports