Financial Year: 2023
PayMate India Limited Consolidated Financial Statements Summary:
Overview:
This document presents the consolidated financial statements for PayMate India Limited (formerly known as PayMate India Private Limited) for the fiscal year ended March 31, 2023. The financials are presented in Indian Rupees (INR) in millions, unless otherwise stated. The report includes the balance sheet, statement of profit and loss, statement of changes in equity, cash flow statement, and notes to the financial statements, accompanied by an independent auditor's report.
Consolidated Balance Sheet Highlights (As at March 31, 2023):
Consolidated Statement of Profit and Loss Highlights (For the year ended March 31, 2023):
Cash Flow Statement Highlights (For the year ended March 31, 2023):
Key Accounting Policies:
Segment Information:
The Company operates primarily in providing B2B payment services. The chief operating decision maker reviews the operations as one operating segment. Revenue from operations is primarily from India, with some revenue from Singapore and the rest of the world.
Related Party Transactions:
The report details related party transactions, including those with subsidiaries and key management personnel. These include loans, interest income/expense, and remuneration.
Contingent Liabilities:
Financial Risk Management:
The Group is exposed to market risk, liquidity risk, and credit risk. The Group manages these risks through established policies and procedures, including monitoring credit limits, managing cash flows, and assessing the credit quality of counterparties. The group is exposed to foreign currency risk related to its foreign operations and revenues and expenses.
Equity Share Capital and Shareholding:
Auditor's Opinion:
The independent auditor's report from MSKA & Associates expresses an unqualified opinion on the consolidated financial statements, indicating that they present fairly, in all material respects, the financial position, financial performance, and cash flows of PayMate India Limited in accordance with Ind AS. The report includes discussion of internal financial controls, compliance with laws and regulations, and other matters.
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