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Note on Debt service and interest service coverage ratios: nDebt service coverage ratio (DSCR) for QE Sep 18: 2,104.37 nDebt service coverage ratio for YTD Sep 18: 2,078.26 nInterest service coverage ratio (ISCR) for QE Sep 18: 415060 nInterest service coverage ratio for YTD Sep 18: 407486 nDSCR computed as = Annualised EBITDA / Debt Service of principal amount during a year nISCR computed as = Annualised EBIT / Debt Service of interest amount during a year nDue to validation checks, these amounts have been provided in the notes. n n2. Notes: n1. The audited condensed consolidated financial statements for the quarter and half year ended September 30, 2018, have been taken on record by the Board of Directors at its meeting concluded on October 21, 2018 as recommended by the Audit Committee at its meeting held on October 20, 2018. The statutory auditors have expressed an unqualified audit opinion. n n2.Adoption of Ind AS 115 - Revenue from contracts with customers: nEffective April 1, 2018, the Company adopted Ind AS 115 “Revenue from Contracts with Customers” using the cumulative catch-up transition method which is applied to contracts that were not completed as of April 1, 2018. Accordingly, the comparatives have not been retrospectively adjusted. The effect on adoption of Ind AS 115 was insignificant on the financial statements. n n3. Persistent Systems Inc, the wholly owned subsidiary of Persistent Systems Limited, has completed the acquisition of Herald Technologies Inc, a USA based healthcare startup on August 24, 2018. Accordingly, above results include the financial performance of Herald Technologies Inc. n n4. As of September 30, 2018, Persistent Systems Limited (“the Parent Company”) had deposits of Rs. 430.00 million with the financial institutions (refer Schedule 37) viz. Infrastructure Leasing & Financial Services Ltd. (IL&FS) and IL&FS Financial Services Ltd. (referred to as “IL&FS Group”). These are due for maturity from January 2019 to June 2019. In August 2018, credit rating agency – ICRA, has significantly downgraded the IL& FS Group’s rating and subsequently it is noted that the Government of India and various regulators have intervened in the matter. As of September 30, 2018, there have been no defaults in payment of interest on the aforesaid deposits. Accordingly, the management of the Parent Company believes that there is no immediate need to recognize any impairment on the above deposits as of September 30, 2018. The Parent Company will continue to monitor the developments in this matter for the purpose of determining the financial reporting impact, if any. n n5. Figures for the previous periods / year have been regrouped wherever necessary to conform to current period's presentation for segment disclosure. 2018-04-01 2018-09-30 Audited Consolidated 16698380000.00 418960000.00 17117340000.00 0.00 0.00 0.00 11202460000.00 1350000.00 799390000.00 2659100000.00 14662300000.00 2455040000.00 0.00 2455040000.00 781320000.00 -81170000.00 700150000.00 0.00 1754890000.00 0.00 0.00 0.00 0.00 1754890000.00 13580000.00 1768470000.00 1754890000.00 0.00 1768470000.00 0.00 800000000.00 10 21.94 21.94 0.00 0.00 21.94 21.94 0.00 1.00 1.00 Advertisement, conference and sponsorship fees 28580000.00 Communication expenses 27230000.00 Electricity expenses (net) 27610000.00 Legal and professional fees 159000000.00 Other Expenses 208430000.00 Purchase of software licenses and support expenses 320030000.00 Recruitment expenses 20290000.00 Rent 119150000.00 Travelling and conveyance 242380000.00 Advertisement, conference and sponsorship fees 44760000.00 Communication expenses 53140000.00 Electricity expenses (net) 58030000.00 Legal and professional fees 319720000.00 Other Expenses 484160000.00 Purchase of software licenses and support expenses 861710000.00 Recruitment expenses 41200000.00 Rent 237470000.00 Travelling and conveyance 505770000.00 Accelerite (Products) 452090000.00 Alliance 2466940000.00 Technology Services 5436540000.00 Accelerite (Products) 861050000.00 Alliance 5157620000.00 Technology Services 10679710000.00 8355570000.00 16698380000.00 0.00 0.00 8355570000.00 16698380000.00 Accelerite (Products) 241800000.00 Alliance 826500000.00 Technology Services 2034700000.00 Accelerite (Products) 404070000.00 Alliance 1686870000.00 Technology Services 4033260000.00 3103000000.00 6124200000.00 1070000.00 1350000.00 1833140000.00 3667810000.00 1268790000.00 2455040000.00 Accelerite (Products) 251240000.00 Alliance 1100090000.00 Technology Services 3426750000.00 4778080000.00 24019190000.00 28797270000.00 Accelerite (Products) 0.00 Alliance 0.00 Technology Services 0.00 0.00 0.00 0.00 Notes for segment wise information: n ni) Operating segments are components of an enterprise for which discrete financial information is available that is evaluated regularly by the chief operating decision maker, in deciding how to allocate resources and assessing performance. The Group's chief operating decision maker is the Chairman and Managing Director. n nii) Costs related to research and development are included under identifiable expenses for the purpose of segment reporting. n n nSegment wise capital employed: nSegregation of assets (other than trade receivables), liabilities, depreciation and amortization and other non-cash expenses into various reportable segments have not been presented as the assets are used interchangeably between segments and the Group is of the view that it is not practical to reasonably allocate the other assets, liabilities and other non-cash expenses to individual segments and an ad-hoc allocation will not be meaningful. n n nFigures for the previous periods/year have been regrouped wherever necessary to conform to current period's presentation for segment disclosure. n