Financial Instruments (Tables)
|
12 Months Ended |
Mar. 31, 2026 |
|---|
| Disclosure of detailed information about financial instruments [abstract] |
|
| Summary of Maximum 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 |
|
2025 |
|
|
2026 |
|
Contract assets |
|
|
507 |
|
|
|
83 |
|
Trade and other receivables |
|
|
150,022 |
|
|
|
172,193 |
|
Term deposits |
|
|
254,416 |
|
|
|
358,001 |
|
Cash and cash equivalents (except cash in hand) |
|
|
508,627 |
|
|
|
424,534 |
|
Total |
|
|
913,572 |
|
|
|
954,811 |
|
The cash and cash equivalents and term deposits are mainly held with banks, which are rated A-1+, A-1, A-3, AA+, A+, A-, BBB+, BBB, BBB-, based on ratings by rating agency: S&P Global. 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 |
|
2025 |
|
|
2026 |
|
Airlines |
|
|
35,212 |
|
|
|
31,669 |
|
Corporate customers |
|
|
81,818 |
|
|
|
104,244 |
|
Retail customers |
|
|
2,304 |
|
|
|
3,886 |
|
Deposits with hotels and others |
|
|
12,148 |
|
|
|
12,323 |
|
Others |
|
|
19,047 |
|
|
|
20,154 |
|
Total |
|
|
150,529 |
|
|
|
172,276 |
|
|
| Summary of Age of Trade and Other Receivables and Contract Assets, Term Deposits and Security Deposits |
The age of trade and other receivables and contract assets at the reporting date was as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
As at March 31 |
|
|
|
2025 |
|
|
2026 |
|
Particulars |
|
Gross |
|
|
Impairment |
|
|
Gross |
|
|
Impairment |
|
Not past due |
|
|
84,968 |
|
|
|
— |
|
|
|
91,672 |
|
|
|
— |
|
Past due 0-30 days |
|
|
28,649 |
|
|
|
— |
|
|
|
46,282 |
|
|
|
— |
|
Past due 30-90 days |
|
|
22,846 |
|
|
|
— |
|
|
|
22,628 |
|
|
|
— |
|
Past due 90-180 days |
|
|
7,647 |
|
|
|
— |
|
|
|
7,047 |
|
|
|
— |
|
More than 180 days |
|
|
10,271 |
|
|
|
3,852 |
|
|
|
7,930 |
|
|
|
3,283 |
|
Total |
|
|
154,381 |
|
|
|
3,852 |
|
|
|
175,559 |
|
|
|
3,283 |
|
|
| Summary of Movement in Allowance for Doubtful Debts in Respect of Trade and Other Receivables and Contract Assets |
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 |
|
2025 |
|
|
2026 |
|
Balance at the beginning of the year |
|
|
3,199 |
|
|
|
3,852 |
|
Allowance for impairment |
|
|
1,168 |
|
|
|
845 |
|
Amounts written off against the allowance |
|
|
(464 |
) |
|
|
(1,158 |
) |
Effects of movement in exchange rate |
|
|
(51 |
) |
|
|
(256 |
) |
Balance at the end of the year |
|
|
3,852 |
|
|
|
3,283 |
|
|
| Summary of Remaining Contractual Maturities of Financial Liabilities, Including Estimated Interest Payments and Excluding Impact of Netting Agreements |
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, 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 due 2028 |
|
|
216,075 |
|
|
|
230,000 |
|
|
|
— |
|
|
|
230,000 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
Bank overdraft |
|
|
536 |
|
|
|
536 |
|
|
|
536 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
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 |
|
|
|
— |
|
Payable for deferred bookings |
|
|
31,739 |
|
|
|
31,739 |
|
|
|
31,739 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
Refund due to customers |
|
|
51,011 |
|
|
|
51,011 |
|
|
|
51,011 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
Total |
|
|
483,108 |
|
|
|
500,694 |
|
|
|
234,350 |
|
|
|
238,248 |
|
|
|
6,808 |
|
|
|
21,288 |
|
|
^ |
|
Notes: ^ less than 1 * Represents undiscounted cash flows of principal and interest. As at March 31, 2026
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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 due 2028 |
|
|
201,199 |
|
|
|
230,000 |
|
|
|
— |
|
|
|
— |
|
|
|
230,000 |
|
|
|
— |
|
|
|
— |
|
Convertible notes due 2030 |
|
|
1,188,965 |
|
|
|
1,432,500 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
1,432,500 |
|
|
|
— |
|
Bank overdraft |
|
|
822 |
|
|
|
822 |
|
|
|
822 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
Lease liabilities |
|
|
11,786 |
|
|
|
13,450 |
|
|
|
2,969 |
|
|
|
2,566 |
|
|
|
4,598 |
|
|
|
3,317 |
|
|
|
— |
|
Secured bank loans |
|
|
3,649 |
|
|
|
4,163 |
|
|
|
871 |
|
|
|
813 |
|
|
|
1,249 |
|
|
|
1,230 |
|
|
^ |
|
Trade and other payables |
|
|
135,777 |
|
|
|
135,777 |
|
|
|
135,777 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
Other liabilities (related to business combinations) |
|
|
15,207 |
|
|
|
15,207 |
|
|
|
5,786 |
|
|
|
2,772 |
|
|
|
— |
|
|
|
6,649 |
|
|
|
— |
|
Payable for deferred bookings |
|
|
30,677 |
|
|
|
30,677 |
|
|
|
30,677 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
Refund due to customers |
|
|
52,634 |
|
|
|
52,634 |
|
|
|
52,634 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
Total |
|
|
1,640,716 |
|
|
|
1,915,230 |
|
|
|
229,536 |
|
|
|
6,151 |
|
|
|
235,847 |
|
|
|
1,443,696 |
|
|
^ |
|
Notes: ^ less than 1 * Represents undiscounted cash flows of principal and interest. The balanced view of liquidity and financial indebtedness (excluding lease liabilities) is stated in the table below:
|
|
|
|
|
|
|
|
|
|
|
As at March 31 |
|
Particulars |
|
2025 |
|
|
2026 |
|
Cash and cash equivalents, net of bank overdraft |
|
|
508,362 |
|
|
|
424,004 |
|
Term deposits |
|
|
254,416 |
|
|
|
358,001 |
|
Loans and borrowings |
|
|
(220,678 |
) |
|
|
(1,393,813 |
) |
Net cash position |
|
|
542,100 |
|
|
|
(611,808 |
) |
|
| Summary of Currency Risk |
Between USD and INR
|
|
|
|
|
|
|
|
|
|
|
As at March 31 |
|
Particulars |
|
2025 |
|
|
2026 |
|
Trade and other receivables |
|
|
4,105 |
|
|
|
716 |
|
Trade and other payables |
|
|
(201,045 |
) |
|
|
(226,582 |
) |
Cash and cash equivalents |
|
|
76 |
|
|
|
131 |
|
Net exposure |
|
|
(196,864 |
) |
|
|
(225,735 |
) |
Between AED and INR
|
|
|
|
|
|
|
|
|
|
|
As at March 31 |
|
Particulars |
|
2025 |
|
|
2026 |
|
Trade and other receivables |
|
|
40,281 |
|
|
|
5,904 |
|
Trade and other payables |
|
|
(1,341 |
) |
|
|
(24,579 |
) |
Cash and cash equivalents |
|
|
20 |
|
|
|
28 |
|
Net exposure |
|
|
38,960 |
|
|
|
(18,647 |
) |
Between INR and AED
|
|
|
|
|
|
|
|
|
|
|
As at March 31 |
|
Particulars |
|
2025 |
|
|
2026 |
|
Trade and other receivables |
|
|
80,388 |
|
|
|
75,158 |
|
Net exposure |
|
|
80,388 |
|
|
|
75,158 |
|
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 |
|
2025 |
|
|
2026 |
|
|
2025 |
|
|
2026 |
|
INR to USD |
|
|
0.0118 |
|
|
|
0.0113 |
|
|
|
0.0117 |
|
|
|
0.0107 |
|
INR to AED |
|
|
0.0434 |
|
|
|
0.0395 |
|
|
|
0.0430 |
|
|
|
0.0391 |
|
AED to INR |
|
|
23.0235 |
|
|
|
25.2845 |
|
|
|
23.2684 |
|
|
|
25.5578 |
|
|
| Sensitivity Analysis of Exchange Rate |
|
|
|
|
|
|
|
|
|
|
|
For the year ended
March 31 |
|
Particulars |
|
2025 |
|
|
2026 |
|
|
|
Profit or loss |
|
10% strengthening of USD against INR |
|
|
(19,686 |
) |
|
|
(22,574 |
) |
10% strengthening of AED against INR |
|
|
3,896 |
|
|
|
(1,865 |
) |
10% strengthening of INR against AED |
|
|
8,039 |
|
|
|
7,516 |
|
|
| Summary of Fair Values of Financial Assets and Liabilities, together with 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, 2025 |
|
|
As at March 31, 2026 |
|
Particulars |
|
Note |
|
Carrying amount |
|
|
Fair value |
|
|
Carrying amount |
|
|
Fair value |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Financial assets measured at fair value |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other investments - equity securities (FVOCI) |
|
9 |
|
|
— |
|
|
|
— |
|
|
|
12,106 |
|
|
|
12,106 |
|
Other investments - equity securities (FVTPL) |
|
9 |
|
|
591 |
|
|
|
591 |
|
|
|
317 |
|
|
|
317 |
|
Other investments - other securities (FVTPL) |
|
9 |
|
|
305 |
|
|
|
305 |
|
|
|
257 |
|
|
|
257 |
|
|
|
|
|
|
896 |
|
|
|
896 |
|
|
|
12,680 |
|
|
|
12,680 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Financial assets not measured at fair value
(amortised cost) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Trade and other receivables |
|
21 |
|
|
150,022 |
|
|
|
150,022 |
|
|
|
172,193 |
|
|
|
172,193 |
|
Term deposits |
|
23 |
|
|
254,416 |
|
|
|
254,416 |
|
|
|
358,001 |
|
|
|
358,001 |
|
Cash and cash equivalents |
|
22 |
|
|
508,898 |
|
|
|
508,898 |
|
|
|
424,826 |
|
|
|
424,826 |
|
Other investments - other securities |
|
9 |
|
|
76 |
|
|
|
76 |
|
|
|
76 |
|
|
|
76 |
|
|
|
|
|
|
913,412 |
|
|
|
913,412 |
|
|
|
955,096 |
|
|
|
955,096 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Financial liabilities measured at fair value |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other liabilities (related to business combinations) |
|
29,30 |
|
|
16,786 |
|
|
|
16,786 |
|
|
|
12,811 |
|
|
|
12,811 |
|
|
|
|
|
|
16,786 |
|
|
|
16,786 |
|
|
|
12,811 |
|
|
|
12,811 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Financial liabilities not measured at fair value (amortised cost) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Secured bank loans |
|
28 |
|
|
4,603 |
|
|
|
4,603 |
|
|
|
3,649 |
|
|
|
3,649 |
|
Bank overdraft |
|
22 |
|
|
536 |
|
|
|
536 |
|
|
|
822 |
|
|
|
822 |
|
Trade and other payables |
|
31 |
|
|
146,999 |
|
|
|
146,999 |
|
|
|
135,777 |
|
|
|
135,777 |
|
Refund due to customers |
|
29 |
|
|
51,011 |
|
|
|
51,011 |
|
|
|
52,634 |
|
|
|
52,634 |
|
Other liabilities (related to business combination) |
|
29 |
|
|
— |
|
|
|
— |
|
|
|
2,396 |
|
|
|
2,396 |
|
Convertible notes due 2028 |
|
28 |
|
|
216,075 |
|
|
|
214,262 |
|
|
|
201,199 |
|
|
|
199,949 |
|
Convertible notes due 2030 |
|
28 |
|
|
— |
|
|
|
— |
|
|
|
1,188,965 |
|
|
|
1,210,798 |
|
Payable for deferred bookings |
|
10 |
|
|
31,739 |
|
|
|
31,739 |
|
|
|
30,677 |
|
|
|
30,677 |
|
|
|
|
|
|
450,963 |
|
|
|
449,150 |
|
|
|
1,616,119 |
|
|
|
1,636,702 |
|
|
| Summary of Financial Instruments Carried at Fair Value |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
As at March 31, 2026 |
|
Particulars |
|
Level 1 |
|
|
Level 2 |
|
|
Level 3 |
|
|
Total |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other investments - equity securities (FVOCI) |
|
|
— |
|
|
|
— |
|
|
|
12,106 |
|
|
|
12,106 |
|
Other investments - equity securities (FVTPL) |
|
|
317 |
|
|
|
— |
|
|
|
— |
|
|
|
317 |
|
Other investments - other securities (FVTPL) |
|
|
257 |
|
|
|
— |
|
|
|
— |
|
|
|
257 |
|
Total |
|
|
574 |
|
|
|
— |
|
|
|
12,106 |
|
|
|
12,680 |
|
Other liabilities (related to business combinations) |
|
|
— |
|
|
|
— |
|
|
|
12,811 |
|
|
|
12,811 |
|
Total |
|
|
— |
|
|
|
— |
|
|
|
12,811 |
|
|
|
12,811 |
|
|
| Disclosure of Reconciliation of Level 3 Fair Value |
The following tables show a reconciliation from the opening balances to the closing balances for Level 3 fair value:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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 (b)) |
|
|
576 |
|
|
|
— |
|
|
|
— |
|
Total gains and losses recognized in: |
|
|
|
|
|
|
|
|
|
—other comprehensive income |
|
|
|
|
|
|
|
|
|
—net change in fair value |
|
|
— |
|
|
|
(452 |
) |
|
|
— |
|
—foreign currency translation reserve |
|
|
9 |
|
|
|
— |
|
|
|
— |
|
—effect of movements in foreign exchange rates |
|
|
(309 |
) |
|
|
— |
|
|
|
— |
|
—accumulated deficit |
|
|
4,072 |
|
|
|
— |
|
|
|
— |
|
Closing balances |
|
|
16,786 |
|
|
|
— |
|
|
|
591 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
As at March 31, 2026 |
|
Particulars |
|
Other
liabilities
(related to
business
combinations) |
|
|
Other
investments (equity securities-FVOCI) |
|
|
Other investments (equity securities - FVTPL) |
|
|
|
|
|
|
|
|
|
|
|
Opening balances |
|
|
16,786 |
|
|
|
— |
|
|
|
591 |
|
Addition due to discontinuation of equity accounted associate (refer note 8) |
|
|
— |
|
|
|
1,531 |
|
|
|
— |
|
Acquisition during the year |
|
|
— |
|
|
|
10,300 |
|
|
|
— |
|
Transfer out of Level 3 to Level 1 |
|
|
|
|
|
|
|
|
(591 |
) |
Total gains and losses recognized in: |
|
|
|
|
|
|
|
|
|
—other comprehensive income |
|
|
|
|
|
|
|
|
|
—net change in fair value |
|
|
— |
|
|
|
275 |
|
|
|
— |
|
—foreign currency translation reserve |
|
|
(1,451 |
) |
|
|
— |
|
|
|
— |
|
—effect of movements in foreign exchange rates |
|
|
(19 |
) |
|
|
— |
|
|
|
— |
|
—accumulated deficit |
|
|
(1,939 |
) |
|
|
— |
|
|
|
— |
|
Payment during the period (refer note 7 (c)) |
|
|
(566 |
) |
|
|
— |
|
|
|
— |
|
Closing balances |
|
|
12,811 |
|
|
|
12,106 |
|
|
|
— |
|
|
| Summary of Financial Instruments Measured at Fair Value |
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: March 31, 2025: 3.7 - 4.8 |
|
The estimated fair value would increase (decrease) if:
– the net revenue multiple was higher (lower) |
Other investments - equity securities (FVOCI) - Pasajebus SpA |
|
Market comparison technique: The valuation model is based on market multiple derived from quoted prices of companies comparable to the investee. |
|
Net revenue multiple: 2
Net EBITDA multiple: 9.6 |
|
The estimated fair value would increase (decrease) if:
– the net revenue multiple was higher (lower)
– the net EBITDA multiple was higher (lower) |
Other investments - equity securities (FVOCI) - Atlas Visa, Inc. |
|
Price of recent transaction |
|
Not applicable (N.A.) |
|
N.A. |
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: March 31, 2025: 23.2% - 48.0%
Risk free interest rate: March 31, 2025: 6.60%
Discount rate: March 31, 2025: 13.3% - 19%
Revenue for 12 months ended on March 31, 2026: USD 2,579 (March 31, 2025 (Revenue for 12 months ended September 30, 2025) : USD 3,054)
EBITDA for 12 months ended on March 31, 2026: USD 474 (March 31, 2025 (EBITDA for 12 months ended September 30, 2025): USD 385) |
|
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: 17.9% - 42.1% (March 31, 2025: 22.3% - 40.5%)
Risk free interest rate: 6.55% (March 31, 2025: 6.55%)
Discount rate: 15.0%-20.0% (March 31, 2025: 17.4%-25.0%)
Net revenue - USD 6,713 - USD 10,446 (March 31, 2025: USD 9,217 - USD 14,575)
Servicing margin - USD 1,032 - USD 1,576 (March 31, 2025: USD 1,424 - USD 2,199)
Profit before tax - USD 879 - USD 1,633 (March 31, 2025: USD 2,124 - USD 4,345)
Financial parameters - N.A. (March 31, 2025: USD 4,549 - USD 6,656) |
|
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) |
|
| Summary of Financial Instruments Not Measured at Fair Value |
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, and other investments-other securities. Other financial liabilities include secured bank loans, bank overdraft, trade and other payables, refund due to customers, payable for deferred bookings, convertible notes, other liabilities (related to business combinations) and lease liabilities.
|
| Summary of Other Liabilities Related to Business Combination |
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, 2025 |
|
|
For the year ended
March 31, 2026 |
|
|
|
Equity |
|
|
Equity |
|
|
|
Increase |
|
|
Decrease |
|
|
Increase |
|
|
Decrease |
|
Volatility (1% Movement) |
|
|
(10 |
) |
|
|
10 |
|
|
N.A. |
|
|
N.A. |
|
Risk free interest rate (1% Movement) |
|
|
7 |
|
|
|
(8 |
) |
|
N.A. |
|
|
N.A. |
|
Discount rate (0.5% Movement) |
|
|
3 |
|
|
|
(3 |
) |
|
N.A. |
|
|
N.A. |
|
Revenue for 12 months ended September 30, 2025 (1% Movement) |
|
|
(15 |
) |
|
|
14 |
|
|
N.A. |
|
|
N.A. |
|
Revenue for 12 months ended March 31, 2026 (1% Movement) |
|
N.A. |
|
|
N.A. |
|
|
|
(34 |
) |
|
|
34 |
|
EBITDA for 12 months ended September 30, 2025 (1% Movement) |
|
|
(1 |
) |
|
|
1 |
|
|
N.A. |
|
|
N.A. |
|
EBITDA for 12 months ended March 31, 2026 (1% Movement) |
|
N.A. |
|
|
N.A. |
|
|
|
— |
|
|
|
— |
|
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, 2025 |
|
|
For the year ended
March 31, 2026 |
|
|
|
Equity |
|
|
Equity |
|
|
|
Increase |
|
|
Decrease |
|
|
Increase |
|
|
Decrease |
|
Volatility (1% Movement) |
|
|
81 |
|
|
|
(86 |
) |
|
|
50 |
|
|
|
(51 |
) |
Risk free interest rate (1% Movement) |
|
|
143 |
|
|
|
(163 |
) |
|
|
38 |
|
|
|
(40 |
) |
Discount rate (0.5% Movement) |
|
|
377 |
|
|
|
(352 |
) |
|
|
48 |
|
|
|
(48 |
) |
Net revenue (1% Movement) |
|
|
(57 |
) |
|
|
69 |
|
|
|
(159 |
) |
|
|
157 |
|
Servicing margin (1% Movement) |
|
|
(17 |
) |
|
|
17 |
|
|
|
(16 |
) |
|
|
16 |
|
Profit before tax (1% Movement) |
|
|
(22 |
) |
|
|
22 |
|
|
|
(13 |
) |
|
|
13 |
|
Financial parameters (0.25% Movement) |
|
|
(834 |
) |
|
|
1,781 |
|
|
N.A. |
|
|
N.A. |
|
Note: Except for Other liabilities (related to business combinations) – Simplotel and Savaari, reasonably possible changes in significant unobservable inputs for the other financial instruments measured at fair value would not result in a significant change in their fair values as at the reporting date.
|