| Financial Instruments |
a) Credit Risk Exposure to Credit Risk The carrying amount of financial assets and contract assets represents the maximum credit exposure. The maximum exposure to credit risk at the reporting date was as follows:
|
|
|
|
|
|
|
|
|
|
|
As at March 31 |
|
Particulars |
|
2024 |
|
|
2025 |
|
Contract assets |
|
|
253 |
|
|
|
507 |
|
Trade and other receivables |
|
|
99,646 |
|
|
|
150,022 |
|
Receivable from related party |
|
|
24 |
|
|
|
— |
|
Term deposits |
|
|
280,688 |
|
|
|
254,416 |
|
Cash and cash equivalents (except cash in hand) |
|
|
326,907 |
|
|
|
508,627 |
|
Total |
|
|
707,518 |
|
|
|
913,572 |
|
The cash and cash equivalents and term deposits are mainly held with banks, which are rated A+, A, AA-, A-, BBB, BB+, BB-, Ba1, based on (rating agency Fitch) ratings. The Group considers that its cash and cash equivalents and term deposits have low credit risk based on the external credit ratings of the counterparties. The maximum exposure to credit risk for trade and other receivables and contract assets at the reporting date, categorised by type of counterparty was as follows:
|
|
|
|
|
|
|
|
|
|
|
As at March 31 |
|
Particulars |
|
2024 |
|
|
2025 |
|
Airlines |
|
|
28,549 |
|
|
|
35,212 |
|
Retail customers |
|
|
1,856 |
|
|
|
2,304 |
|
Corporate customers |
|
|
48,465 |
|
|
|
81,818 |
|
Deposits with hotels and others |
|
|
9,804 |
|
|
|
12,148 |
|
Others |
|
|
11,225 |
|
|
|
19,047 |
|
Total |
|
|
99,899 |
|
|
|
150,529 |
|
Impairment Losses The Group uses a provision matrix to compute the expected credit loss allowance for contract assets and trade and other receivables. The provision matrix takes into account available external and internal credit risk factors such as credit default and the Group's historical experience with customers. The age of trade and other receivables and contract assets at the reporting date was as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
As at March 31 |
|
|
|
2024 |
|
|
2025 |
|
Particulars |
|
Gross |
|
|
Impairment |
|
|
Gross |
|
|
Impairment |
|
Not past due |
|
|
55,815 |
|
|
|
— |
|
|
|
84,968 |
|
|
|
— |
|
Past due 0-30 days |
|
|
25,361 |
|
|
|
— |
|
|
|
28,649 |
|
|
|
— |
|
Past due 30-120 days |
|
|
14,606 |
|
|
|
— |
|
|
|
26,499 |
|
|
|
— |
|
More than 120 days |
|
|
7,316 |
|
|
|
3,199 |
|
|
|
14,265 |
|
|
|
3,852 |
|
Total |
|
|
103,098 |
|
|
|
3,199 |
|
|
|
154,381 |
|
|
|
3,852 |
|
The movement in the allowance for impairment in respect of trade and other receivables and contract assets during the year was as follows:
|
|
|
|
|
|
|
|
|
|
|
For the year ended
March 31 |
|
Particulars |
|
2024 |
|
|
2025 |
|
Balance at the beginning of the year |
|
|
2,614 |
|
|
|
3,199 |
|
Allowance for impairment |
|
|
837 |
|
|
|
1,168 |
|
Amounts written off against the allowance |
|
|
(201 |
) |
|
|
(464 |
) |
Effects of movement in exchange rate |
|
|
(51 |
) |
|
|
(51 |
) |
Balance at the end of the year |
|
|
3,199 |
|
|
|
3,852 |
|
Allowance for impairment mainly represents amounts due from airlines and corporate customers. Based on historical experience, the Group believes that no impairment allowance is necessary, apart from above, in respect of trade and other receivables and contract assets. b) Liquidity risk The following are the remaining contractual maturities of financial liabilities, including estimated interest payments and excluding the impact of netting agreements: As at March 31, 2024
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Non-derivative financial liabilities |
|
Carrying
amount |
|
|
Contractual
cash flows* |
|
|
6 months
or less |
|
|
6 -12
months |
|
|
1 -2
years |
|
|
2 -5
years |
|
|
More than
5 years |
|
Convertible notes |
|
|
201,240 |
|
|
|
230,000 |
|
|
|
— |
|
|
|
— |
|
|
|
230,000 |
|
|
|
— |
|
|
|
— |
|
Lease liabilities |
|
|
16,658 |
|
|
|
20,689 |
|
|
|
2,790 |
|
|
|
2,601 |
|
|
|
5,345 |
|
|
|
9,953 |
|
|
|
— |
|
Secured bank loans |
|
|
3,726 |
|
|
|
4,325 |
|
|
|
710 |
|
|
|
682 |
|
|
|
1,230 |
|
|
|
1,703 |
|
|
^ |
|
Trade and other payables |
|
|
118,548 |
|
|
|
118,548 |
|
|
|
118,548 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
Other liabilities (related to business combinations) |
|
|
12,438 |
|
|
|
12,438 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
12,438 |
|
|
|
— |
|
Refund due to customers |
|
|
45,870 |
|
|
|
45,870 |
|
|
|
45,870 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
Total |
|
|
398,480 |
|
|
|
431,870 |
|
|
|
167,918 |
|
|
|
3,283 |
|
|
|
236,575 |
|
|
|
24,094 |
|
|
^ |
|
Notes: ^ less than 1 * Represents undiscounted cash flows of interest and principal As at March 31, 2025
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Non-derivative financial liabilities |
|
Carrying
amount |
|
|
Contractual
cash flows* |
|
|
6 months
or less |
|
|
6 -12
months |
|
|
1 -2
years |
|
|
2 -5
years |
|
|
More than
5 years |
|
Convertible notes |
|
|
216,075 |
|
|
|
230,000 |
|
|
|
— |
|
|
|
230,000 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
Lease liabilities |
|
|
15,359 |
|
|
|
18,291 |
|
|
|
3,123 |
|
|
|
2,963 |
|
|
|
5,368 |
|
|
|
6,837 |
|
|
|
— |
|
Secured bank loans |
|
|
4,603 |
|
|
|
5,332 |
|
|
|
942 |
|
|
|
895 |
|
|
|
1,440 |
|
|
|
2,055 |
|
|
^ |
|
Trade and other payables |
|
|
146,999 |
|
|
|
146,999 |
|
|
|
146,999 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
Other liabilities (related to business combinations) |
|
|
16,786 |
|
|
|
16,786 |
|
|
|
— |
|
|
|
4,390 |
|
|
|
— |
|
|
|
12,396 |
|
|
|
— |
|
Refund due to customers |
|
|
51,011 |
|
|
|
51,011 |
|
|
|
51,011 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
Total |
|
|
450,833 |
|
|
|
468,419 |
|
|
|
202,075 |
|
|
|
238,248 |
|
|
|
6,808 |
|
|
|
21,288 |
|
|
^ |
|
Notes: ^ less than 1 * Represents undiscounted cash flows of interest and principal The balanced view of liquidity and financial indebtedness (excluding lease liabilities) is stated in the table below:
|
|
|
|
|
|
|
|
|
|
|
As at March 31 |
|
Particulars |
|
2024 |
|
|
2025 |
|
Cash and cash equivalents, net of bank overdraft |
|
|
327,065 |
|
|
|
508,362 |
|
Term deposits |
|
|
280,688 |
|
|
|
254,416 |
|
Loans and borrowings |
|
|
(204,966 |
) |
|
|
(220,678 |
) |
Net cash position |
|
|
402,787 |
|
|
|
542,100 |
|
In order to achieve Group's objective to maintain sufficient liquidity to meet its liabilities when they are due, the Group has availed various credit facilities (refer note 28). c) Market Risk Currency Risk Exposure to Currency Risk The Group is exposed to currency risk to the extent that there is a mismatch between the currencies in which sales, purchase of services and borrowings are denominated and the respective functional currencies of Group companies. The functional currencies of Group companies are primarily the INR, USD and AED. The currencies in which these transactions are primarily denominated are INR, USD and AED. The Group’s exposure to foreign currency risk was based on the following amounts as at the reporting dates (in equivalent USD) was as follows: Between USD and INR
|
|
|
|
|
|
|
|
|
|
|
As at March 31 |
|
Particulars |
|
2024 |
|
|
2025 |
|
Trade and other receivables |
|
|
2,629 |
|
|
|
4,105 |
|
Trade and other payables |
|
|
(218,083 |
) |
|
|
(201,045 |
) |
Cash and cash equivalents |
|
|
5 |
|
|
|
76 |
|
Net exposure |
|
|
(215,449 |
) |
|
|
(196,864 |
) |
Between AED and INR
|
|
|
|
|
|
|
|
|
|
|
As at March 31 |
|
Particulars |
|
2024 |
|
|
2025 |
|
Trade and other receivables |
|
|
41,381 |
|
|
|
40,281 |
|
Trade and other payables |
|
|
(1,923 |
) |
|
|
(1,341 |
) |
Cash and cash equivalents |
|
|
38 |
|
|
|
20 |
|
Net exposure |
|
|
39,496 |
|
|
|
38,960 |
|
Between INR and AED
|
|
|
|
|
|
|
|
|
|
|
As at March 31 |
|
Particulars |
|
2024 |
|
|
2025 |
|
Trade and other receivables |
|
|
82,449 |
|
|
|
80,388 |
|
Net exposure |
|
|
82,449 |
|
|
|
80,388 |
|
The following significant exchange rates have been applied during the year and as at year end:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Average exchange rate per unit |
|
|
Reporting date rate per unit |
|
|
|
For the year ended
March 31 |
|
|
As at March 31 |
|
Particulars |
|
2024 |
|
|
2025 |
|
|
2024 |
|
|
2025 |
|
INR 1 to USD 1 |
|
|
0.0121 |
|
|
|
0.0118 |
|
|
|
0.0120 |
|
|
|
0.0117 |
|
INR 1 to AED 1 |
|
|
0.0444 |
|
|
|
0.0434 |
|
|
|
0.0441 |
|
|
|
0.0430 |
|
AED 1 to INR 1 |
|
|
22.5401 |
|
|
|
23.0235 |
|
|
|
22.6913 |
|
|
|
23.2684 |
|
Sensitivity Analysis Any change in the exchange rate of USD or AED against currencies other than INR is not expected to have significant impact on the Group’s profit or loss. Accordingly, a 10% appreciation of the USD or AED against the INR and INR against AED would have impact on profit or loss by the amounts shown below. This analysis is based on foreign currency exchange rate variances that the Group considered to be reasonably possible at the end of the reporting period. The analysis assumes that all other variables remain constant.
|
|
|
|
|
|
|
|
|
|
|
For the year ended
March 31 |
|
Particulars |
|
2024 |
|
|
2025 |
|
|
|
Profit or loss |
|
10% strengthening of USD against INR |
|
|
(21,545 |
) |
|
|
(19,686 |
) |
10% strengthening of AED against INR |
|
|
3,950 |
|
|
|
3,896 |
|
10% strengthening of INR against AED |
|
|
8,245 |
|
|
|
8,039 |
|
A 10% depreciation of the USD or AED against INR and INR against AED, would have had the equal but opposite effect on the above currency to the amounts shown above, on the basis that all other variables remain constant. Interest Rate Risk The Group does not account for any fixed rate financial assets and liabilities at fair value through profit or loss. Therefore, a change in interest rates at the reporting date would not affect profit or loss. The Group does not have any variable rate interest bearing financial instruments, hence there is no risk relating to change in interest rates. Fair values Fair Values versus Carrying Amounts The fair values of financial assets and liabilities, together with the carrying amounts shown in the statement of financial position, are as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
As at March 31, 2024 |
|
|
As at March 31, 2025 |
|
Particulars |
|
Note |
|
Carrying amount |
|
|
Fair value |
|
|
Carrying amount |
|
|
Fair value |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Financial assets measured at fair value |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other investments - equity securities (FVOCI) |
|
9 |
|
|
452 |
|
|
|
452 |
|
|
|
— |
|
|
|
— |
|
Other investments - equity securities (FVTPL) |
|
9 |
|
|
591 |
|
|
|
591 |
|
|
|
591 |
|
|
|
591 |
|
Other investments - other securities (FVTPL) |
|
9 |
|
|
242 |
|
|
|
242 |
|
|
|
305 |
|
|
|
305 |
|
|
|
|
|
|
1,285 |
|
|
|
1,285 |
|
|
|
896 |
|
|
|
896 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Financial assets not measured at fair value
(amortised cost) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Trade and other receivables |
|
21 |
|
|
99,646 |
|
|
|
99,646 |
|
|
|
150,022 |
|
|
|
150,022 |
|
Term deposits |
|
23 |
|
|
280,688 |
|
|
|
280,688 |
|
|
|
254,416 |
|
|
|
254,416 |
|
Cash and cash equivalents |
|
22 |
|
|
327,065 |
|
|
|
327,065 |
|
|
|
508,898 |
|
|
|
508,898 |
|
Receivable from related party |
|
24 |
|
|
24 |
|
|
|
24 |
|
|
|
— |
|
|
|
— |
|
Other investments - other securities |
|
9 |
|
|
76 |
|
|
|
76 |
|
|
|
76 |
|
|
|
76 |
|
|
|
|
|
|
707,499 |
|
|
|
707,499 |
|
|
|
913,412 |
|
|
|
913,412 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Financial liabilities measured at fair value |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other liabilities (related to business combinations) |
|
29,30 |
|
|
12,438 |
|
|
|
12,438 |
|
|
|
16,786 |
|
|
|
16,786 |
|
|
|
|
|
|
12,438 |
|
|
|
12,438 |
|
|
|
16,786 |
|
|
|
16,786 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Financial liabilities not measured at fair value (amortised cost) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Secured bank loans |
|
28 |
|
|
3,726 |
|
|
|
3,726 |
|
|
|
4,603 |
|
|
|
4,603 |
|
Bank overdraft |
|
22 |
|
|
— |
|
|
|
— |
|
|
|
536 |
|
|
|
536 |
|
Trade and other payables |
|
31 |
|
|
118,548 |
|
|
|
118,548 |
|
|
|
146,999 |
|
|
|
146,999 |
|
Refund due to customers |
|
29 |
|
|
45,870 |
|
|
|
45,870 |
|
|
|
51,011 |
|
|
|
51,011 |
|
Convertible notes |
|
28 |
|
|
201,240 |
|
|
|
197,698 |
|
|
|
216,075 |
|
|
|
214,262 |
|
|
|
|
|
|
369,384 |
|
|
|
365,842 |
|
|
|
419,224 |
|
|
|
417,411 |
|
The fair value measurements of financial assets and liabilities reported above have been categorized as Level 1 and Level 3 fair values based on the inputs to the valuation techniques used. Fair value of trade and other receivables, term deposits, cash and cash equivalents, receivable from related party, trade and other payables, bank overdraft and refund due to customers reasonably approximates to its carrying amount. The fair value of convertible notes is determined using discounted cash flows. The valuation model considers the present value of expected payments, discounted using a risk-adjusted discount rate. Fair value hierarchy The table below analyses financial instruments carried at fair value by valuation method. The different levels have been defined as follows: •Level 1: quoted prices (unadjusted) in active markets for identical assets or liabilities. •Level 2: inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly (i.e. as prices) or indirectly (i.e. derived from prices). •Level 3: inputs for the asset or liability that are not based on observable market data (unobservable inputs).
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
As at March 31, 2024 |
|
Particulars |
|
Level 1 |
|
|
Level 2 |
|
|
Level 3 |
|
|
Total |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other investments - equity securities (FVOCI) |
|
|
— |
|
|
|
— |
|
|
|
452 |
|
|
|
452 |
|
Other investments - equity securities (FVTPL) |
|
|
— |
|
|
|
— |
|
|
|
591 |
|
|
|
591 |
|
Other investments - other securities (FVTPL) |
|
|
242 |
|
|
|
— |
|
|
|
— |
|
|
|
242 |
|
Total |
|
|
242 |
|
|
|
— |
|
|
|
1,043 |
|
|
|
1,285 |
|
Other liabilities (related to business combinations) |
|
|
— |
|
|
|
— |
|
|
|
12,438 |
|
|
|
12,438 |
|
Total |
|
|
— |
|
|
|
— |
|
|
|
12,438 |
|
|
|
12,438 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
As at March 31, 2025 |
|
Particulars |
|
Level 1 |
|
|
Level 2 |
|
|
Level 3 |
|
|
Total |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other investments - equity securities (FVTPL) |
|
|
— |
|
|
|
— |
|
|
|
591 |
|
|
|
591 |
|
Other investments - other securities (FVTPL) |
|
|
305 |
|
|
|
— |
|
|
|
— |
|
|
|
305 |
|
Total |
|
|
305 |
|
|
|
— |
|
|
|
591 |
|
|
|
896 |
|
Other liabilities (related to business combinations) |
|
|
— |
|
|
|
— |
|
|
|
16,786 |
|
|
|
16,786 |
|
Total |
|
|
— |
|
|
|
— |
|
|
|
16,786 |
|
|
|
16,786 |
|
There were no transfers between Level 1, Level 2 and Level 3 during the year. Reconciliation of Level 3 fair values The following tables shows a reconciliation from the opening balances to the closing balances for Level 3 fair value:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
As at March 31, 2024 |
|
Particulars |
|
Derivative |
|
|
Other
liabilities
(related to
business
combinations) |
|
|
Other
investments (equity securities-FVOCI) |
|
|
Other investments (equity securities - FVTPL) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Opening balances |
|
|
— |
|
|
|
9,368 |
|
|
|
452 |
|
|
|
591 |
|
Acquired in investment in equity accounted investee (refer note 7(d)) |
|
|
5,084 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
Acquired in business combinations (refer note 7 (d)) |
|
|
— |
|
|
|
7,311 |
|
|
|
— |
|
|
|
— |
|
Total gains and losses recognized in: |
|
|
|
|
|
|
|
|
|
|
|
|
—profit or loss |
|
|
115 |
|
|
|
215 |
|
|
|
— |
|
|
|
— |
|
—effect of movements in foreign exchange rates |
|
|
— |
|
|
|
(207 |
) |
|
|
— |
|
|
|
— |
|
—equity |
|
|
— |
|
|
|
3,178 |
|
|
|
— |
|
|
|
— |
|
Payment during the year (refer note 7 (a)) |
|
|
— |
|
|
|
(7,427 |
) |
|
|
— |
|
|
|
— |
|
Derecognition on discontinuation of equity accounted investment (refer note 7 (d)) |
|
|
(5,199 |
) |
|
|
— |
|
|
|
— |
|
|
|
— |
|
Closing balances |
|
|
— |
|
|
|
12,438 |
|
|
|
452 |
|
|
|
591 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
As at March 31, 2025 |
|
Particulars |
|
Other
liabilities
(related to
business
combinations) |
|
|
Other
investments (equity securities-FVOCI) |
|
|
Other investments (equity securities - FVTPL) |
|
|
|
|
|
|
|
|
|
|
|
Opening balances |
|
|
12,438 |
|
|
|
452 |
|
|
|
591 |
|
Acquired in business combinations (refer note 7 (e)) |
|
|
576 |
|
|
|
— |
|
|
|
— |
|
Total gains and losses recognized in: |
|
|
|
|
|
|
|
|
|
—other comprehensive income |
|
|
|
|
|
|
|
|
|
—change in fair value |
|
|
— |
|
|
|
(452 |
) |
|
|
— |
|
—effect of movements in foreign exchange rates |
|
|
(300 |
) |
|
|
— |
|
|
|
— |
|
—equity |
|
|
4,072 |
|
|
|
— |
|
|
|
— |
|
Closing balances |
|
|
16,786 |
|
|
|
— |
|
|
|
591 |
|
Valuation Techniques and significant unobservable inputs The following table shows the valuation techniques used in measuring Level 3 fair values as at March 31, 2024 and March 31, 2025, as well as the significant unobservable inputs used. Financial Instruments measured at fair value:
|
|
|
|
|
|
|
Type |
|
Valuation technique |
|
Significant
unobservable inputs |
|
Inter- relationship
between significant
unobservable inputs and
fair value measurement |
Other investments - equity securities (FVTPL) |
|
Market comparison technique: The valuation model is based on market multiple derived from quoted prices of companies comparable to the investee. |
|
Net revenue multiple: 3.7 - 4.8 (March 31, 2024: 3.7 - 4.8) |
|
The estimated fair value would increase (decrease) if:
– the net revenue multiple was higher (lower) |
Other liabilities (related to business combinations) - Simplotel |
|
Monte Carlo Simulation (MCS): The valuation model incorporates assumptions as to volatility, risk free interest rate, discount rate, revenue and earnings before interest, tax, depreciation and amortisation (EBITDA). |
|
Volatility: 23.2% - 48.0% (March 31, 2024: 23.8% - 53.5%)
Risk free interest rate: 6.60% (March 31, 2024: 7.13%)
Discount rate: 13.3% - 19% (March 31, 2024: 22.0%)
Revenue for 12 months ended September 30, 2025 - USD 3,054 (March 31, 2024: USD 4,907)
EBITDA (loss) for 12 months ended September 30, 2025 - USD 385 (March 31, 2024: USD (265)) |
|
The estimated fair value would increase (decrease) if:
– the volatility was higher (lower)
– the risk free interest rate was lower (higher)
– the discount rate was lower (higher)
– the revenue was higher (lower)
– the EBITDA was higher (lower) |
Other liabilities (related to business combinations) - Savaari |
|
Monte Carlo Simulation (MCS): The valuation model incorporates assumptions as to volatility, risk free interest rate, discount rate, net revenue, servicing margin, profit before tax and certain financial parameters. |
|
Volatility: 22.3% - 40.5% (March 31, 2024: 31.2% - 45.0%)
Risk free interest rate: 6.55% (March 31, 2024: 7.17%)
Discount rate: 17.4%-25.0% (March 31, 2024: 17.0%-20.8%)
Net revenue - USD 9,217 - USD 14,575 (March 31, 2024: USD 6,361 - USD 9,674)
Servicing margin - USD 1,424 - USD 2,199 (March 31, 2024: USD 1,790 - USD 2,648)
Profit before tax - USD 2,124 - USD 4,345 (March 31, 2024: USD 1,037 - USD 2,434)
Financial parameters - USD 4,549 - USD 6,656 (March 31, 2024: USD 4,883 - USD 7,064) |
|
The estimated fair value would increase (decrease) if:
– the volatility was lower (higher)
– the risk free interest rate was lower (higher)
– the discount rate was lower (higher)
– the net revenue was higher (lower)
– the servicing margin was higher (lower)
– the profit before tax was higher (lower)
– the financial parameters were higher (lower) |
Financial Instruments not measured at fair value:
|
|
|
|
|
Type |
|
Valuation technique |
|
Significant unobservable inputs |
Other financial assets and liabilities* |
|
Discounted cash flows |
|
Not applicable |
Notes: * Other financial assets include trade and other receivables, term deposits, cash and cash equivalents, receivable from related party and other investments-other securities. Other financial liabilities include secured bank loans, bank overdraft, trade and other payables, refund due to customers, convertible notes, other liabilities (related to business combinations) and lease liabilities. Sensitivity Analysis Other investments – equity securities (FVTPL) For the fair values of other investments - equity securities (FVTPL), reasonably possible changes of 100 basis points at the reporting date to the significant unobservable input, holding other inputs constant, would have the following effects:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
For the year ended
March 31, 2024 |
|
|
For the year ended
March 31, 2025 |
|
|
|
Profit or loss |
|
|
Profit or loss |
|
|
|
Increase |
|
|
Decrease |
|
|
Increase |
|
|
Decrease |
|
Net revenue multiple |
|
|
(4 |
) |
|
|
4 |
|
|
|
(4 |
) |
|
|
4 |
|
Other liabilities (related to business combination) - Simplotel For the fair values of other liabilities (related to business combinations) - Simplotel, reasonably possible changes in significant unobservable inputs at the reporting date, holding other inputs constant, would have the following effects:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
For the year ended
March 31, 2024 |
|
|
For the year ended
March 31, 2025 |
|
|
|
Equity |
|
|
Equity |
|
|
|
Increase |
|
|
Decrease |
|
|
Increase |
|
|
Decrease |
|
Volatility (1% Movement) |
|
|
(10 |
) |
|
|
10 |
|
|
|
(10 |
) |
|
|
10 |
|
Risk free interest rate (1% Movement) |
|
|
8 |
|
|
|
(8 |
) |
|
|
7 |
|
|
|
(8 |
) |
Discount rate (0.5% Movement) |
|
|
26 |
|
|
|
(26 |
) |
|
|
3 |
|
|
|
(3 |
) |
Revenue for 12 months ended September 30, 2025 (1% Movement) |
|
|
(42 |
) |
|
|
42 |
|
|
|
(15 |
) |
|
|
14 |
|
EBITDA for 12 months ended September 30, 2025 (1% Movement) |
|
|
— |
|
|
|
— |
|
|
|
(1 |
) |
|
|
1 |
|
Other liabilities (related to business combination) - Savaari For the fair values of other liabilities (related to business combinations) - Savaari, reasonably possible changes in significant unobservable inputs at the reporting date, holding other inputs constant, would have the following effects:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
For the year ended
March 31, 2024 |
|
|
For the year ended
March 31, 2025 |
|
|
|
Equity |
|
|
Equity |
|
|
|
Increase |
|
|
Decrease |
|
|
Increase |
|
|
Decrease |
|
Volatility (1% Movement) |
|
|
17 |
|
|
|
(16 |
) |
|
|
81 |
|
|
|
(86 |
) |
Risk free interest rate (1% Movement) |
|
|
120 |
|
|
|
(123 |
) |
|
|
143 |
|
|
|
(163 |
) |
Discount rate (0.5% Movement) |
|
|
12 |
|
|
|
(43 |
) |
|
|
377 |
|
|
|
(352 |
) |
Net revenue (1% Movement) |
|
|
(26 |
) |
|
|
26 |
|
|
|
(57 |
) |
|
|
69 |
|
Servicing margin (1% Movement) |
|
|
(15 |
) |
|
|
15 |
|
|
|
(17 |
) |
|
|
17 |
|
Profit before tax (1% Movement) |
|
|
(10 |
) |
|
|
10 |
|
|
|
(22 |
) |
|
|
22 |
|
Financial parameters (0.25% Movement) |
|
|
(197 |
) |
|
|
124 |
|
|
|
(834 |
) |
|
|
1,781 |
|
|