QUIKR INDIA PRIVATE LIMITED

Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

[700300] Disclosure of general information about company

Unless otherwise specified, all monetary values are in Lakhs of INR
01/04/2018 01/04/2017
to to
31/03/2019 31/03/2018
QUIKR INDIA PRIVATE
Name of company LIMITED
Corporate identity number U74130KA2005PTC087280
Permanent account number of entity AACCK7004R
106 Sub No.5,6,7,8 and 9
Rachanhaelli Village 167
SRK Nagar Post,
Address of registered office of company Krishnarajuram Hobli,
Bangalore, Karnataka -
560045
Commercial and
Type of industry Industrial
Period covered by financial statements 01/04/2018 to 31/03/2019 01/04/2017 to 31/03/2018
Date of start of reporting period 01/04/2018 01/04/2017
Date of end of reporting period 31/03/2019 31/03/2018
Nature of report standalone consolidated Consolidated
Content of report Financial Statements
Description of presentation currency INR
Level of rounding used in financial statements Lakhs
Type of cash flow statement Indirect Method

[700400] Disclosures - Auditors report

Details regarding auditors [Table] ..(1)

Unless otherwise specified, all monetary values are in Lakhs of INR
Auditors [Axis] 1
01/04/2018
to
31/03/2019
Details regarding auditors [Abstract]
Details regarding auditors [LineItems]
Category of auditor Auditors firm
Price Waterhouse
Name of audit firm Chartered
Accountants LLP
Amit Kumar
Name of auditor signing report Agrawal
Firms registration number of audit firm 012754N/N500016
Membership number of auditor 064311
NESCO IT BLDG
III 8TH FLOOR
NESCO IT PARK
N E S C
COMPLEX GATE
Address of auditors NO 3 WESTERN
EXPRESS
HIGHWAY
MUMBAI 400063
INDIA
Permanent account number of auditor or auditor's firm AAFFP3698A
SRN of form ADT-1 S44843829
Date of signing audit report by auditors 31/10/2019
Date of signing of balance sheet by auditors 31/10/2019
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

Unless otherwise specified, all monetary values are in Lakhs of INR

01/04/2018
to
31/03/2019
Textual information (1)
Disclosure in auditor’s report explanatory [TextBlock] [See below]
Whether companies auditors report order is applicable on company No
Whether auditors' report has been qualified or has any reservations or
Yes
contains adverse remarks
Auditor's qualification(s), reservation(s) or adverse remark(s) in Textual information (2)
auditors' report [See below]

2
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

Textual information (1)

Disclosure in auditor’s report explanatory [Text Block]

INDEPENDENT AUDITOR’S REPORT

To the Members of Quikr India Private Limited

Report on the Audit of the Consolidated Financial Statements

Qualified Opinion

We have audited the accompanying consolidated financial statements of Quikr India Private Limited (hereinafter referred to
as the ‘Holding Company”) and its subsidiaries (Holding Company and its subsidiaries together referred to as “the Group”)
(refer Note 30 to the attached consolidated financial statements), which comprise the consolidated Balance Sheet as at
March 31, 2019, and the consolidated Statement of Profit and Loss (including Other Comprehensive Income) , the
consolidated Statement of Changes in Equity and the consolidated Cash Flow Statement for the year then ended, and notes
to the consolidated financial statements, including a summary of significant accounting policies and other explanatory
information prepared based on the relevant records.

In our opinion and to the best of our information and according to the explanations given to us, the aforesaid consolidated
financial statements give the information required by the Companies Act, 2013 (“the Act”) in the manner so required and
except for the effects of matter described in the Basis for Qualified Opinion section of our report, give a true and fair view in
conformity with the accounting principles generally accepted in India, of the consolidated state of affairs of the Group as at
March 31, 2019, of consolidated total comprehensive income (comprising of loss and other comprehensive income),
consolidated changes in equity and its consolidated cash flows for the year then ended.

Basis for Qualified Opinion

We draw your attention to Note 43 of the consolidated financial statements regarding the recording and presentation of
revenue arising from marketing and management services amounting to Rs. 2,681 lakhs and Compensatory fees expenses
amounting to Rs. 2,760 lakhs disclosed under Other expenses under the service agreements entered into with various
property owners. In our view, the accounting treatment followed by the Company is not in accordance with Appendix C to Ind
AS 17 ‘Leases’, which requires the Company to account such service arrangements as lease arrangements. Accordingly, the
Company should have presented gross Leasing income accrued and received by the property owners from tenants as
‘Revenue from operations’ and the total compensation for the property owners as ‘expenses’ in these standalone financial
statements. Had the Company applied the requirement of Appendix C to Ind AS 17, the Revenue from operations and Other
expenses for the year ended March 31, 2019 would have been higher by an equivalent amount of Rs. 39,840 lakhs with no
resulting impact on the reported loss for the year.

We conducted our audit in accordance with the Standards on Auditing (SAs) specified under Section 143(10) of the Act. Our
responsibilities under those Standards are further described in the Auditor’s Responsibilities for the Audit of the Consolidated
Financial Statements section of our report. We are independent of the Group in accordance with the ethical requirements
that are relevant to our audit of the consolidated financial statements in India in terms of the Code of Ethics issued by the
Institute of Chartered Accountants of India and the relevant provisions of the Act, and we have fulfilled our other ethical
responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained and the audit
evidence obtained by the other auditors in terms of their reports referred to in paragraph 13 under Other Matter section of our
report, is sufficient and appropriate to provide a basis for our qualified opinion.

Material Uncertainty Related to Going Concern

We draw attention to the following paragraph included in the audit report on the Financial statements of Flat Dot To
Technologies Private Limited (a subsidiary of the Holding Company) issued by an independent auditor vide their report dated
August 28, 2019.

“We draw attention to note 44(b) of the consolidated financial statements, the company incurred a net loss of Rs. 11 lakhs
during the year ended March 31, 2019 and, as of that date, total liabilities exceeded its total assets by Rs. 90 lakhs and, as
of that date, the Company’s Net worth is eroded, these events or conditions indicate that a material uncertainty exists that
may cast significant doubt on the Company’s ability to continue as going concern. Our opinion is not modified is respect of
this matter.”

Other Information

The Holding Company’s Board of Directors is responsible for the other information. The other information comprises the

3
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

information included in the Board of Directors’ report, but does not include the consolidated financial statements and our
auditor’s report thereon.
Our opinion on the consolidated financial statements does not cover the other information and we do not express any form of
assurance conclusion thereon.
In connection with our audit of the consolidated financial statements, our responsibility is to read the other information and, in
doing so, consider whether the other information is materially inconsistent with the consolidated financial statements or our
knowledge obtained in the audit or otherwise appears to be materially misstated. If, based on the work we have performed

4
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

and the reports of the other auditors as furnished to us, we conclude that there is a material misstatement of this other
information, we are required to report that fact. We have nothing to report in this regard.

Responsibilities of Management and Those Charged with Governance for the Consolidated Financial Statements

The Holding Company’s Board of Directors is responsible for the preparation and presentation of these consolidated financial
statements in term of the requirements of the Act that give a true and fair view of the consolidated financial position,
consolidated financial performance and consolidated cash flows, and changes in equity of the Group in accordance with the
accounting principles generally accepted in India, including the Accounting Standards specified under Section 133 of the Act.
The respective Board of Directors of the companies included in the Group are responsible for maintenance of adequate
accounting records in accordance with the provisions of the Act for safeguarding the assets of the Group and for preventing
and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments
and estimates that are reasonable and prudent; and the design, implementation and maintenance of adequate internal
financial controls, that were operating effectively for ensuring accuracy and completeness of the accounting records, relevant
to the preparation and presentation of the financial statements that give a true and fair view and are free from material
misstatement, whether due to fraud or error, which have been used for the purpose of preparation of the consolidated
financial statements by the Directors of the Holding Company, as aforesaid.

In preparing the consolidated financial statements, the respective Board of Directors of the companies included in the Group
are responsible for assessing the ability of the Group to continue as a going concern, disclosing, as applicable, matters
related to going concern and using the going concern basis of accounting unless management either intends to liquidate the
Group or to cease operations, or has no realistic alternative but to do so.

The respective Board of Directors of the companies included in the Group are responsible for overseeing the financial
reporting process of the Group.

Auditor’s Responsibilities for the Audit of the Consolidated Financial Statements

Our objectives are to obtain reasonable assurance about whether the consolidated financial statements as a whole are free
from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion.
Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with SAs
will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered
material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users
taken on the basis of these consolidated financial statements.

As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional skepticism
throughout the audit. We also:
Identify and assess the risks of material misstatement of the consolidated financial statements, whether due to fraud or
error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and
appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher
than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the
override of internal controls.
Obtain an understanding of internal controls relevant to the audit in order to design audit procedures that are appropriate in
the circumstances. Under section 143(3)(i) of the Act, we are also responsible for expressing our opinion on whether the
Holding company has adequate internal financial controls with reference to financial statements in place and the operating
effectiveness of such controls.
Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related
disclosures made by management.
Conclude on the appropriateness of management’s use of the going concern basis of accounting and, based on the audit
evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on
the ability of the Group to continue as a going concern. If we conclude that a material uncertainty exists, we are required to
draw attention in our auditor’s report to the related disclosures in the consolidated financial statements or, if such
disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date
of our auditor’s report. However, future events or conditions may cause the Group to cease to continue as a going concern.
Evaluate the overall presentation, structure and content of the consolidated financial statements, including the disclosures,
and whether the consolidated financial statements represent the underlying transactions and events in a manner that
achieves fair presentation.

Obtain sufficient appropriate audit evidence regarding the financial information of the entities or business activities within the
Group to express an opinion on the consolidated financial statements. We are responsible for the direction, supervision and
performance of the audit of the financial statements of such entities included in the consolidated financial statements of
which we are the independent auditors. For the other entities included in the consolidated financial statements, which have
been audited by other auditors, such other auditors remain responsible for the direction, supervision and performance of the
audits carried out by them. We remain solely responsible for our audit opinion.

5
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

We communicate with those charged with governance of the Holding Company and such other entities included in the

6
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

consolidated financial statements of which we are the independent auditors regarding, among other matters, the planned
scope and timing of the audit and significant audit findings, including any significant deficiencies in internal controls that we
identify during our audit.

Other Matter
We did not audit the financial statements of four subsidiaries whose financial statements reflect total assets of Rs.2,350
lakhs and net liabilities of Rs.3,936 lakhs as at March 31, 2019, total revenue of Rs.2,177 lakhs, total comprehensive
income (comprising of loss and other comprehensive income) of Rs.3,512 lakhs (negative) and net cash outflows amounting
to Rs.59 lakhs for the year ended on that date, as considered in the consolidated financial statements. These financial
statements have been audited by other auditors whose reports have been furnished to us by the Management, and our
opinion on the consolidated financial statements insofar as it relates to the amounts and disclosures included in respect of
these subsidiaries and our report in terms of Section 143(3) of the Act including report on Other Information insofar as it
relates to the aforesaid subsidiaries is based solely on the reports of the other auditors.

Our opinion on the consolidated financial statements, and our report on Other Legal and Regulatory Requirements below, is
not modified in respect of the above matters with respect to our reliance on the work done and the reports of the other
auditors.

Report on Other Legal and Regulatory Requirements

As required by Section 143(3) of the Act, we report, to the extent applicable, that:

We have sought and obtained all the information and explanations which to the best of our knowledge and belief were
necessary for the purposes of our audit of the aforesaid consolidated financial statements.
In our opinion and except for the matters described in the ‘Basis of Qualified Opinion’ section of our report, proper books of
account as required by law relating to preparation of the aforesaid consolidated financial statements have been kept so far
as it appears from our examination of those books and the reports of the other auditors.
The Consolidated Balance Sheet, the Consolidated Statement of Profit and Loss (including other comprehensive income),
Consolidated Statement of Changes in Equity and the Consolidated Cash Flow Statement dealt with by this Report are in
agreement with the relevant books of account and records maintained for the purpose of preparation of the consolidated
financial statements.

In our opinion and except for the matters described in the ‘Basis of Qualified Opinion’ section of our report, the aforesaid
consolidated financial statements comply with the Accounting Standards specified under Section 133 of the Act.
On the basis of the written representations received from the directors of the Holding Company as on March 31, 2019 and
taken on record by the Board of Directors of the Holding Company and the reports of the statutory auditors of its subsidiary
companies, none of the directors of the Group companies is disqualified as on March 31, 2019 from being appointed as a
director in terms of Section 164(2) of the Act.
The qualifications relating to the maintenance of accounts and other matters connected therewith are as stated in the
‘Basis of Qualified Opinion’ section above as referred to in paragraph 14(b) above.

With respect to the adequacy of internal financial controls with reference to financial statements of the Group and the
operating effectiveness of such controls, refer to our separate report in Annexure A.

With respect to the other matters to be included in the Auditor’s Report in accordance with Rule 11 of the Companies (Audit
and Auditor’s) Rules, 2014, in our opinion and to the best of our information and according to the explanations given to us:

There were no pending litigations which would impact the consolidated financial position of the Group;

The Group has long term contracts for which there were no material foreseeable losses as at the March 31, 2019. The
group did not have any derivative contracts as at March 31, 2019;

During the year ended March 31, 2019, there were no amounts which were required to be transferred to the Investor
Education and Protection Fund by the Holding Company, and its subsidiary companies; and

The reporting on disclosures relating to Specified Bank Notes is not applicable to the Group for the year ended March 31,
2019.
The provisions of Section 197 read with Schedule V to the Act are applicable only to public companies. Accordingly,
reporting under Section 197(16) of the Act is not applicable to the Company and two of its subsidiaries, which are private
companies. Based on the reports of the statutory auditors of the remaining two subsidiaries, which are public companies, no
managerial remuneration has been paid and thus reporting under Section 197(16) of the Act is not applicable.

For Price Waterhouse Chartered Accountants LLP

Firm Registration Number: 012754N/N500016

Amit Kumar Agrawal

7
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

Partner
Place: Bengaluru Membership Number: 064311
Date: October 31, 2019 UDIN: 19064311AAAABR4625

Report on the Internal Financial Controls with reference to financial statements under Clause Section 143(3)(i) of the Act

In conjunction with our audit of the consolidated financial statements of the Company as of and for the year ended March 31, 2019, we have
audited the internal financial controls with reference to financial statements of Quikr India Private Limited (hereinafter referred to as “the
Holding Company”) and its subsidiary companies, which are companies incorporated in India, as of that date. Reporting under clause Section
143(3)(i) of the Act in respect of the adequacy of the internal financial controls over financial reporting is not applicable to two subsidiaries
incorporated in India namely Flat Dot To Technologies Private Limited and Vitruvian Technologies Private Limited, pursuant to MCA
notification GSR 583(E) dated June 13, 2017.

Management’s Responsibility for Internal Financial Controls

The respective Board of Directors of the Holding company, its subsidiary companies, to whom reporting under Section 143(3)(i) of the Act
in respect of the adequacy of the internal financial controls with reference to financial statements is applicable, which are companies
incorporated in India, are responsible for establishing and maintaining internal financial controls based on internal control over financial
reporting criteria established by the Company considering the essential components of internal control stated in the Guidance Note on Audit
of Internal Financial Controls Over Financial Reporting (the “Guidance Note”) issued by the Institute of Chartered Accountants of India
(ICAI). These responsibilities include the design, implementation and maintenance of adequate internal financial controls that were operating
effectively for ensuring the orderly and efficient conduct of its business, including adherence to the respective company’s policies, the
safeguarding of its assets, the prevention and detection of frauds and errors, the accuracy and completeness of the accounting records, and the
timely preparation of reliable financial information, as required under the Act.

Auditor’s Responsibility

Our responsibility is to express an opinion on the Company's internal financial controls with reference to financial statements based on our
audit. We conducted our audit in accordance with the Guidance Note issued by the ICAI and the Standards on Auditing deemed to be
prescribed under Section 143(10) of the Companies Act, 2013, to the extent applicable to an audit of internal financial controls, both
applicable to an audit of internal financial controls and both issued by the ICAI. Those Standards and the Guidance Note require that we
comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether adequate internal financial
controls with reference to financial statements was established and maintained and if such controls operated effectively in all material
respects.

Our audit involves performing procedures to obtain audit evidence about the adequacy of the internal financial controls system with reference
to financial statements and their operating effectiveness. Our audit of internal financial controls with reference to financial statements
included obtaining an understanding of internal financial controls over financial reporting, assessing the risk that a material weakness exists,
and testing and evaluating the design and operating effectiveness of internal control based on the assessed risk. The procedures selected
depend on the auditor’s judgement, including the assessment of the risks of material misstatement of the financial statements, whether due to
fraud or error.

We believe that the audit evidence we have obtained and the audit evidence obtained by
the other auditors in terms of their reports referred to in the Other Matter paragraph below, is
sufficient and appropriate to provide a basis for our audit opinion on the Company’s internal financial controls system with reference to
financial statements.

Meaning of Internal Financial Controls with reference to financial statements

A company's internal financial control with reference to financial statements is a process designed to provide reasonable assurance regarding
the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted
accounting principles. A company's internal financial control with reference to financial statements includes those policies and procedures
that (1) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the
assets of the company; (2) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial
statements in accordance with generally accepted accounting principles, and that receipts and expenditures of the company are being made
only in accordance with authorisations of management and directors of the company; and (3) provide reasonable assurance regarding
prevention or timely detection of unauthorised acquisition, use, or disposition of the company's assets that could have a material effect on the
financial statements.

Inherent Limitations of Internal Financial Controls with reference to financial statements

Because of the inherent limitations of internal financial controls with reference to financial statements, including the possibility of collusion
or improper management override of controls, material misstatements due to error or fraud may occur and not be detected. Also, projections
of any evaluation of the internal financial controls with reference to financial statements to future periods are subject to the risk that the
internal financial control with reference to financial statements may become inadequate because of changes in conditions, or that the degree
of compliance with the policies or procedures may deteriorate.

8
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

Basis for Qualified opinion

According to the information and explanations given to us and based on our audit, we have identified a material weakness as at March 31,
2019 in the holding company’s internal control system pertaining to the revenue process whereby the relevant control did not appropriately
conclude on the accounting treatment and presentation of revenue arising from marketing and management services and related payments to
property owners under the service agreements in accordance with ‘Appendix C to Ind AS 17 ' as described under Note 43 to the consolidated
financial statements.

A ‘material weakness’ is a deficiency, or a combination of deficiencies, in internal financial control over financial reporting, such that there is
a reasonable possibility that a material misstatement of the company's annual or interim financial statements will not be prevented or detected
on a timely basis.

Qualified Opinion

In our opinion, except for the possible effects of the material weakness described in the ‘Basis for Qualified Opinion’ paragraph above on the
achievement of the objectives of the control criteria, the Holding Company and its subsidiary companies, to whom reporting under Section
143(3)(i) of the Act in respect of the adequacy of the internal financial controls with reference to financial statement is applicable, which are
companies incorporated in India, have, in all material respects, an adequate internal financial controls system with reference to financial
statements and such internal financial controls with reference to financial statements were operating effectively as at March 31, 2019, based
on the internal control over financial reporting criteria established by the Company considering the essential components of internal control
stated in the Guidance Note issued by ICAI.

We have considered the material weakness identified and reported above in determining the nature, timing, and extent of audit tests applied
in our audit of the consolidated financial statements of the Company for the year ended March 31, 2019, and the material weakness affects
our opinion on the consolidated financial statements of the Company. Refer to Qualified opinion paragraph in the main audit report.

Other Matter

Our aforesaid reports under Section 143(3)(i) of the Act on the adequacy and operating effectiveness of the internal financial controls over
financial reporting insofar as it relates to two subsidiary companies, which are companies incorporated in India, is based on the
corresponding reports of the auditors of such companies incorporated in India. Our opinion is not qualified in respect of this matter.

For Price Waterhouse Chartered Accountants LLP

Firm Registration Number: 012754N/N500016

Amit Kumar Agrawal

Partner
Place: Bengaluru Membership Number: 064311
Date: October 31, 2019 UDIN: 19064311AAAABR4625

9
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

Textual information (2)

Auditor's qualification(s), reservation(s) or adverse remark(s) in auditors' report

Qualified Opinion We have audited the accompanying consolidated financial statements of Quikr India Private Limited (hereinafter referred
to as the ‘Holding Company”) and its subsidiaries (Holding Company and its subsidiaries together referred to as “the Group”) (refer Note 30
to the attached consolidated financial statements), which comprise the consolidated Balance Sheet as at March 31, 2019, and the consolidated
Statement of Profit and Loss (including Other Comprehensive Income) , the consolidated Statement of Changes in Equity and the
consolidated Cash Flow Statement for the year then ended, and notes to the consolidated financial statements, including a summary of
significant accounting policies and other explanatory information prepared based on the relevant records. In our opinion and to the best of
our information and according to the explanations given to us, the aforesaid consolidated financial statements give the information required
by the Companies Act, 2013 (“the Act”) in the manner so required and except for the effects of matter described in the Basis for Qualified
Opinion section of our report, give a true and fair view in conformity with the accounting principles generally accepted in India, of the
consolidated state of affairs of the Group as at March 31, 2019, of consolidated total comprehensive income (comprising of loss and other
comprehensive income), consolidated changes in equity and its consolidated cash flows for the year then ended. Basis for Qualified Opinion
We draw your attention to Note 43 of the consolidated financial statements regarding the recording and presentation of revenue arising from
marketing and management services amounting to Rs. 2,681 lakhs and Compensatory fees expenses amounting to Rs. 2,760 lakhs disclosed
under Other expenses under the service agreements entered into with various property owners. In our view, the accounting treatment
followed by the Company is not in accordance with Appendix C to Ind AS 17 ‘Leases’, which requires the Company to account such service
arrangements as lease arrangements. Accordingly, the Company should have presented gross Leasing income accrued and received by the
property owners from tenants as ‘Revenue from operations’ and the total compensation for the property owners as ‘expenses’ in these
standalone financial statements. Had the Company applied the requirement of Appendix C to Ind AS 17, the Revenue from operations and
Other expenses for the year ended March 31, 2019 would have been higher by an equivalent amount of Rs. 39,840 lakhs with no resulting
impact on the reported loss for the year. We conducted our audit in accordance with the Standards on Auditing (SAs) specified under Section
143(10) of the Act. Our responsibilities under those Standards are further described in the Auditor’s Responsibilities for the Audit of the
Consolidated Financial Statements section of our report. We are independent of the Group in accordance with the ethical requirements that
are relevant to our audit of the consolidated financial statements in India in terms of the Code of Ethics issued by the Institute of Chartered
Accountants of India and the relevant provisions of the Act, and we have fulfilled our other ethical responsibilities in accordance with these
requirements. We believe that the audit evidence we have obtained and the audit evidence obtained by the other auditors in terms of their
reports referred to in paragraph 13 under Other Matter section of our report, is sufficient and appropriate to provide a basis for our qualified
opinion.

10
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

[110000] Balance sheet

Unless otherwise specified, all monetary values are in Lakhs of INR
31/03/2019 31/03/2018 31/03/2017
Balance sheet [Abstract]
Assets [Abstract]
Non-current assets [Abstract]
Property, plant and equipment 1,623 2,297 3,397
Goodwill 17,276 18,847
Other intangible assets 15,668 17,648 1,086
Non-current financial assets [Abstract]
Non-current investments 0 485
Loans, non-current 6,538 301
Other non-current financial assets 5 5
Total non-current financial assets 6,543 791
Other non-current assets 14,382 14,337
Total non-current assets 55,492 53,920
Current assets [Abstract]
Inventories 0 0
Current financial assets [Abstract]
Current investments 1,763 15,909
Trade receivables, current 1,856 1,381
Cash and cash equivalents 8,713 3,659
Bank balance other than cash and cash equivalents 39 15
Loans, current 11,377 9,745
Other current financial assets 444 1,209
Total current financial assets 24,192 31,918
Other current assets 2,636 3,242
Total current assets 26,828 35,160
Total assets 82,320 89,080
Equity and liabilities [Abstract]
Equity [Abstract]
Equity attributable to owners of parent [Abstract]
Equity share capital 1,112.75 1,109.67 1,109.67
Other equity 57,253 76,206
Total equity attributable to owners of parent 58,365.75 77,315.67
Non controlling interest 0 0
Total equity 58,365.75 77,315.67
Liabilities [Abstract]
Non-current liabilities [Abstract]
Non-current financial liabilities [Abstract]
Borrowings, non-current 7,705 0
Total non-current financial liabilities 7,705 0
Provisions, non-current 753 614
Deferred tax liabilities (net) 0 498
Total non-current liabilities 8,458 1,112
Current liabilities [Abstract]
Current financial liabilities [Abstract]
Borrowings, current 0 0
Trade payables, current 2,014.25 3,780.33
Other current financial liabilities 8,410 3,014
Total current financial liabilities 10,424.25 6,794.33
Other current liabilities 4,571 3,368
Provisions, current 501 490
Total current liabilities 15,496.25 10,652.33
Total liabilities 23,954.25 11,764.33
Total equity and liabilities 82,320 89,080

11
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

[210000] Statement of profit and loss

Earnings per share [Table] ..(1)

Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of equity share capital [Axis] Equity shares [Member] Equity shares 1 [Member]
01/04/2018 01/04/2017 01/04/2018 01/04/2017
to to to to
31/03/2019 31/03/2018 31/03/2019 31/03/2018
Statement of profit and loss [Abstract]
Earnings per share [Abstract]
Earnings per share [Line items]
Basic earnings per share [Abstract]
Basic earnings (loss) per share from [INR/shares] [INR/shares]
[INR/shares] -213.97 [INR/shares] -213.97
continuing operations -207.49 -207.49
[INR/shares] [INR/shares]
Total basic earnings (loss) per share -207.49
[INR/shares] -213.97
-207.49
[INR/shares] -213.97

Diluted earnings per share [Abstract]

Diluted earnings (loss) per share from [INR/shares] [INR/shares]
[INR/shares] -213.97 [INR/shares] -213.97
continuing operations -207.49 -207.49
[INR/shares] [INR/shares]
Total diluted earnings (loss) per share -207.49
[INR/shares] -213.97
-207.49
[INR/shares] -213.97

12
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

Unless otherwise specified, all monetary values are in Lakhs of INR

01/04/2018 01/04/2017
to to
31/03/2019 31/03/2018
Statement of profit and loss [Abstract]
Income [Abstract]
Revenue from operations 19,122 10,955
Other income 1,023 2,665
Total income 20,145 13,620
Expenses [Abstract]
Cost of materials consumed 0 0
Changes in inventories of finished goods, work-in-progress and
0 0
stock-in-trade
Employee benefit expense 19,794 21,323
Finance costs 504 0
Depreciation, depletion and amortisation expense 4,355 2,178
Other expenses 19,030 14,094
Total expenses 43,683 37,595
Profit before exceptional items and tax -23,538 -23,975
Total profit before tax -23,538 -23,975
Tax expense [Abstract]
Current tax 0 0
Deferred tax -498 -232
Total tax expense -498 -232
Total profit (loss) for period from continuing operations -23,040 -23,743
Tax expense of discontinued operations 0 0
Total profit (loss) from discontinued operations after tax 0 0
Total profit (loss) for period -23,040 -23,743
Comprehensive income OCI components presented net of tax [Abstract]
Whether company has other comprehensive income OCI components
Yes Yes
presented net of tax
Other comprehensive income net of tax [Abstract]
Components of other comprehensive income that will not be
reclassified to profit or loss, net of tax [Abstract]
Other comprehensive income, net of tax, gains (losses) on
162 209
remeasurements of defined benefit plans
Other comprehensive income that will not be reclassified to
0 0
profit or loss, net of tax, others
Total other comprehensive income that will not be reclassified
162 209
to profit or loss, net of tax
Components of other comprehensive income that will be
reclassified to profit or loss, net of tax [Abstract]
Exchange differences on translation net of tax [Abstract]
Total other comprehensive income, net of tax, exchange
0 0
differences on translation
Debt instrument through other comprehensive income Net of tax
[Abstract]
Other comprehensive income, net of tax, Debt instrument
0 0
through other comprehensive income
Cash flow hedges net of tax [Abstract]
Total other comprehensive income, net of tax, cash flow hedges 0 0
Hedges of net investment in foreign operations net of tax
[Abstract]
Total other comprehensive income, net of tax, hedges of net
0 0
investments in foreign operations
Change in value of time value of options net of tax [Abstract]
Total other comprehensive income, net of tax, change in
0 0
value of time value of options
Change in value of forward elements of forward contracts net of
tax [Abstract]
Total other comprehensive income, net of tax, change in
0 0
value of forward elements of forward contracts
Change in value of foreign currency basis spreads net of tax
[Abstract]
Total other comprehensive income, net of tax, change in
0 0
value of foreign currency basis spreads
Other comprehensive income, net of tax, net
movement in regulatory deferral account
balances related to items that will be
reclassified to profit or loss [Abstract]

13
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

Total other comprehensive income, net of tax,

net movement in regulatory deferral account
0 0
balances related to items that will be
reclassified to profit or loss
Financial assets measured at fair value through other
comprehensive income net of tax [Abstract]
Total other comprehensive income, net of tax,
financial assets measured at fair value through other 0 0
comprehensive income
Other comprehensive income that will be reclassified to profit
0 0
or loss, net of tax, others
Total other comprehensive income that will be reclassified to
0 0
profit or loss, net of tax
Total other comprehensive income 162 209
Total comprehensive income -22,878 -23,534
Comprehensive income OCI components presented before tax [Abstract]
Whether company has comprehensive income OCI components presented
No No
before tax
Other comprehensive income before tax [Abstract]
Total other comprehensive income 162 209
Total comprehensive income -22,878 -23,534
Earnings per share explanatory [TextBlock]
Earnings per share [Abstract]
Basic earnings per share [Abstract]
Basic earnings (loss) per share from continuing operations [INR/shares] -207.49 [INR/shares] -213.97
Total basic earnings (loss) per share [INR/shares] -207.49 [INR/shares] -213.97
Diluted earnings per share [Abstract]
Diluted earnings (loss) per share from continuing operations [INR/shares] -207.49 [INR/shares] -213.97
Total diluted earnings (loss) per share [INR/shares] -207.49 [INR/shares] -213.97

[400200] Statement of changes in equity

Statement of changes in equity [Table] ..(1)

Unless otherwise specified, all monetary values are in Lakhs of INR
Equity attributable
to the equity
Components of equity [Axis] Equity [Member]
holders of the
parent [Member]
01/04/2018 01/04/2017 01/04/2018
to to 31/03/2017 to
31/03/2019 31/03/2018 31/03/2019
Other equity [Abstract]
Statement of changes in equity [Line items]
Equity [Abstract]
Changes in equity [Abstract]
Comprehensive income [Abstract]
Profit (loss) for period -23,040 -23,743 -23,040
Changes in comprehensive income components 0 209 0
Total comprehensive income -23,040 -23,534 -23,040
Other changes in equity [Abstract]
Other additions to reserves 2,862 49,403 2,862
Deductions to reserves [Abstract]
Other deductions to reserves 0 12,150 0
Total deductions to reserves 0 12,150 0
Appropriations for dividend, dividend tax
and general reserve [Abstract]
Transfer to Retained earnings 368 1,067 368
Total appropriations for dividend,
368 1,067 368
dividend tax and retained earnings
Increase (decrease) through other changes,
0 4,734 0
equity
Other changes in equity, others 1,593 29 1,593
Total other changes in equity 4,087 40,949 4,087
Total increase (decrease) in equity -18,953 17,415 -18,953
Other equity at end of period 57,253 76,206 58,791 57,253

14
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

Statement of changes in equity [Table] ..(2)

Unless otherwise specified, all monetary values are in Lakhs of INR
Equity attributable to the equity Equity component of financial
Components of equity [Axis]
holders of the parent [Member] instrument [Member]
01/04/2017 01/04/2018 01/04/2017
to 31/03/2017 to to
31/03/2018 31/03/2019 31/03/2018
Other equity [Abstract]
Statement of changes in equity [Line items]
Equity [Abstract]
Changes in equity [Abstract]
Comprehensive income [Abstract]
Profit (loss) for period -23,743 0 0
Changes in comprehensive income components 209
Total comprehensive income -23,534
Other changes in equity [Abstract]
Other additions to reserves 49,403
Deductions to reserves [Abstract]
Other deductions to reserves 12,150
Total deductions to reserves 12,150 0 0
Appropriations for dividend, dividend tax
and general reserve [Abstract]
Transfer to Retained earnings 1,067 0 0
Total appropriations for dividend,
1,067 0 0
dividend tax and retained earnings
Increase (decrease) through other changes,
4,734
equity
Other changes in equity, others 29 0 (A) 14
Total other changes in equity 40,949 0 14
Total increase (decrease) in equity 17,415 0 14
Other equity at end of period 76,206 58,791 627 627

(A) Transferred on acccount of vested options exercised

Statement of changes in equity [Table] ..(3)

Unless otherwise specified, all monetary values are in Lakhs of INR
Equity component
of financial
Components of equity [Axis] Reserves [Member]
instrument
[Member]
01/04/2018 01/04/2017
31/03/2017 to to 31/03/2017
31/03/2019 31/03/2018
Other equity [Abstract]
Statement of changes in equity [Line items]
Equity [Abstract]
Changes in equity [Abstract]
Comprehensive income [Abstract]
Profit (loss) for period -23,040 -23,743
Changes in comprehensive income components 0 209
Total comprehensive income -23,040 -23,534
Other changes in equity [Abstract]
Other additions to reserves 2,862 49,256
Deductions to reserves [Abstract]
Other deductions to reserves 0 12,150
Total deductions to reserves 0 12,150
Appropriations for dividend, dividend tax
and general reserve [Abstract]
Transfer to Retained earnings 368 1,067
Total appropriations for dividend,
368 1,067
dividend tax and retained earnings
Increase (decrease) through other changes,
0 4,729
equity
Other changes in equity, others 1,593 15
Total other changes in equity 4,087 40,783
Total increase (decrease) in equity -18,953 17,249
Other equity at end of period 613 56,444 75,397 58,148

15
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

Statement of changes in equity [Table] ..(4)

Unless otherwise specified, all monetary values are in Lakhs of INR
Securities
Components of equity [Axis] Capital reserves [Member] premium reserve
[Member]
01/04/2018 01/04/2017 01/04/2018
to to 31/03/2017 to
31/03/2019 31/03/2018 31/03/2019
Other equity [Abstract]
Statement of changes in equity [Line items]
Equity [Abstract]
Changes in equity [Abstract]
Comprehensive income [Abstract]
Profit (loss) for period 0 0 0
Other changes in equity [Abstract]
Other additions to reserves 2,862
Deductions to reserves [Abstract]
Other deductions to reserves 0 (A) 197
Total deductions to reserves 0 197 0
Appropriations for dividend, dividend tax
and general reserve [Abstract]
Total appropriations for dividend,
0 0 0
dividend tax and retained earnings
Other changes in equity, others 0
Total other changes in equity 0 -197 2,862
Total increase (decrease) in equity 0 -197 2,862
Other equity at end of period -685 -685 -488 2,92,150

(A) Addition on 1 April 2017 pursuant to the merger scheme : 378 Lakhs
Transfer pursuant to the merger scheme : (575 Lakhs)

Statement of changes in equity [Table] ..(5)

Unless otherwise specified, all monetary values are in Lakhs of INR
Components of equity [Axis] Securities premium reserve [Member] Capital redemption reserves [Member]
01/04/2017 01/04/2018 01/04/2017
to 31/03/2017 to to
31/03/2018 31/03/2019 31/03/2018
Other equity [Abstract]
Statement of changes in equity [Line items]
Equity [Abstract]
Changes in equity [Abstract]
Comprehensive income [Abstract]
Profit (loss) for period 0 0 0
Other changes in equity [Abstract]
Other additions to reserves (A) 48,054 0 (B) 2
Deductions to reserves [Abstract]
Total deductions to reserves 0 0 0
Appropriations for dividend, dividend tax
and general reserve [Abstract]
Total appropriations for dividend,
0 0 0
dividend tax and retained earnings
Other changes in equity, others (C) -6 0 (D) 35
Total other changes in equity 48,048 0 37
Total increase (decrease) in equity 48,048 0 37
Other equity at end of period 2,89,288 2,41,240 37 37

(A) Addition on 1 April 2017 pursuant to the merger scheme : 1912 Lakhs
Issue during the year : 36,481 Lakhs
Transfer pursuant to the merger scheme - 9,661 Lakhs
(B) Addition on 1 April 2017 pursuant to the merger scheme
(C) Transfer to capital reduction reserve
(D) Transfer pursuant to the merger scheme - 29 Lakhs
Transfer to capital reduction reserve - 6 Lakhs

16
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

Statement of changes in equity [Table] ..(6)

Unless otherwise specified, all monetary values are in Lakhs of INR
Capital
Components of equity [Axis] redemption Share options outstanding account [Member]
reserves [Member]
01/04/2018 01/04/2017
31/03/2017 to to 31/03/2017
31/03/2019 31/03/2018
Other equity [Abstract]
Statement of changes in equity [Line items]
Equity [Abstract]
Changes in equity [Abstract]
Comprehensive income [Abstract]
Profit (loss) for period 0 0
Other changes in equity [Abstract]
Other additions to reserves 0 (A) 133
Deductions to reserves [Abstract]
Total deductions to reserves 0 0
Appropriations for dividend, dividend tax
and general reserve [Abstract]
Transfer to Retained earnings 368 1,067
Total appropriations for dividend,
368 1,067
dividend tax and retained earnings
Increase (decrease) through other changes,
0 (B) 4,729
equity
Other changes in equity, others (C) 1,063 (D) -14
Total other changes in equity 695 3,781
Total increase (decrease) in equity 695 3,781
Other equity at end of period 0 15,438 14,743 10,962

(A) Addition on 1 April 2017 pursuant to the merger scheme - 14 Lakhs

Transfer pursuant to the merger scheme - 114 Lakhs
(B) Employee stock options expense
(C) Employee stock options expense
(D) Transferred on acccount of vested options exercised

Statement of changes in equity [Table] ..(7)

Unless otherwise specified, all monetary values are in Lakhs of INR
Other retained
Components of equity [Axis] Retained earnings [Member]
earning [Member]
01/04/2018 01/04/2017 01/04/2018
to to 31/03/2017 to
31/03/2019 31/03/2018 31/03/2019
Other equity [Abstract]
Statement of changes in equity [Line items]
Equity [Abstract]
Changes in equity [Abstract]
Comprehensive income [Abstract]
Profit (loss) for period -23,040 -23,743 -23,040
Changes in comprehensive income components 0 209 0
Total comprehensive income -23,040 -23,534 -23,040
Other changes in equity [Abstract]
Other additions to reserves 0 1,067 0
Deductions to reserves [Abstract]
Other deductions to reserves 0 11,953 0
Total deductions to reserves 0 11,953 0
Appropriations for dividend, dividend tax
and general reserve [Abstract]
Transfer to Retained earnings 0 0 0
Total appropriations for dividend,
0 0 0
dividend tax and retained earnings
Other changes in equity, others 530 0 (A) 530
Total other changes in equity 530 -10,886 530
Total increase (decrease) in equity -22,510 -34,420 -22,510
Other equity at end of period -2,50,496 -2,27,986 -1,93,566 -2,50,496

(A) Other comprehensive income - 162 Lakhs

Transferred to retained earnings for vested options forfeited - 368 Lakhs

17
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

Statement of changes in equity [Table] ..(8)

Unless otherwise specified, all monetary values are in Lakhs of INR
Components of equity [Axis] Other retained earning [Member] Other equity other [Member]
01/04/2017 01/04/2018 01/04/2017
to 31/03/2017 to to
31/03/2018 31/03/2019 31/03/2018
Other equity [Abstract]
Statement of changes in equity [Line items]
Equity [Abstract]
Changes in equity [Abstract]
Comprehensive income [Abstract]
Profit (loss) for period -23,743 0 0
Changes in comprehensive income components 209
Total comprehensive income -23,534
Other changes in equity [Abstract]
Other additions to reserves 1,067 0 147
Deductions to reserves [Abstract]
Other deductions to reserves (A) 11,953
Total deductions to reserves 11,953 0 0
Appropriations for dividend, dividend tax
and general reserve [Abstract]
Transfer to Retained earnings 0
Total appropriations for dividend,
0 0 0
dividend tax and retained earnings
Increase (decrease) through other changes,
0 5
equity
Other changes in equity, others 0
Total other changes in equity -10,886 0 152
Total increase (decrease) in equity -34,420 0 152
Other equity at end of period -2,27,986 -1,93,566 182 182
Description of nature of other equity, others

Footnotes
(A) Addition on 1 April 2017 pursuant to the merger scheme : (2036 Lakhs)
Transfer pursuant to the merger scheme: (9,918 Lakhs)

Statement of changes in equity [Table] ..(9)

Unless otherwise specified, all monetary values are in Lakhs of INR
Other equity other
Components of equity [Axis] Other equity other 1 [Member]
[Member]
01/04/2018 01/04/2017
31/03/2017 to to 31/03/2017
31/03/2019 31/03/2018
Other equity [Abstract]
Statement of changes in equity [Line items]
Equity [Abstract]
Changes in equity [Abstract]
Comprehensive income [Abstract]
Profit (loss) for period 0 0
Other changes in equity [Abstract]
Other additions to reserves 0 (A) 8
Deductions to reserves [Abstract]
Total deductions to reserves 0 0
Appropriations for dividend, dividend tax
and general reserve [Abstract]
Total appropriations for dividend,
0 0
dividend tax and retained earnings
Increase (decrease) through other changes,
0 (B) 5
equity
Total other changes in equity 0 13
Total increase (decrease) in equity 0 13
Other equity at end of period 30 13 13 0
Share Suspense
Description of nature of other equity, others Account
Share Suspense Account

Footnotes
(A) Addition on 1 April 2017 pursuant to the merger scheme
(B) Transfer pursuant to the merger scheme

18
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

Statement of changes in equity [Table] ..(10)

Unless otherwise specified, all monetary values are in Lakhs of INR
Components of equity [Axis] Other equity other 2 [Member]
01/04/2018 01/04/2017
to to 31/03/2017
31/03/2019 31/03/2018
Other equity [Abstract]
Statement of changes in equity [Line items]
Equity [Abstract]
Changes in equity [Abstract]
Comprehensive income [Abstract]
Profit (loss) for period 0 0
Other changes in equity [Abstract]
Other additions to reserves 0 (A) 139
Deductions to reserves [Abstract]
Total deductions to reserves 0 0
Appropriations for dividend, dividend tax and general reserve
[Abstract]
Total appropriations for dividend, dividend tax and
0 0
retained earnings
Total other changes in equity 0 139
Total increase (decrease) in equity 0 139
Other equity at end of period 169 169 30
Instruments entirely in the Instruments entirely in the
Description of nature of other equity, others nature of equity nature of equity

Footnotes
(A) Issue during the year
Unless otherwise specified, all monetary values are in Lakhs of INR
01/04/2018
to
31/03/2019
Textual information (3)
Disclosure of notes on changes in equity [TextBlock] [See below]

19
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

Textual information (3)

Disclosure of notes on changes in equity [Text Block]

Instruments
Equity Share
entirely in
share Suspense Other
the nature
capital Account Equity
of equity
[Note [Note (Note 14)
[Note
13(a)] 13(d)]
13(c)]

Share
Total other
Suspense Total
equity
Account

Share Equity
Deficit in Capital
Securities options contribution Capital
Statement of redemption
Premium outstanding from holding reserve
Profit and Loss reserve
account company

As at 1 April
1,110 30 0 10,962 (1,93,565) 613 - 58,762
2017 2,41,240 (488)

Addition on 1
April 2017
pursuant to the - - 8 1,912 19 (2,036) - 2 275
378
merger
scheme

As at 1 April
2017 (Post 1,110 30 8 10,981 (1,95,601) 613 2 59,037
2,43,152 (110)
Merger)

Loss for the

- - - - - (23,743) - - - (23,743)
year

Other
comprehensive - - - - - 209 - - - 209
income

Total
comprehensive - - - - - (23,534) - - - (23,534)
income

Issue during
- 139 - 36,481 - - - - - 36,481
the year

Transfer
pursuant to the
- - 5 9,661 114 (9,918) - (689)
merger 29 (575)
scheme

20
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

Equity
contribution
- - - - - - - - - -
from holding
company

Employee
stock options - - - - 4,729 - - - - 4,729
expense

Transfer to
capital
- - - (6) - - - 6 - -
reduction
reserve

Transferred to
retained
earnings for - - - - (1,067) 1,067 - - - -
vested options
forfeited

Transferred on
acccount of
- - - - (14) - 14 - - -
vested options
exercised

As at 31 March
1,110 169 13 14,743 (2,27,986) 627 76,024
2018 2,89,288 37 (685)

Loss for the

- - - - - (23,040) - - - (23,040)
year

Other
comprehensive - - - - - 162 - - - 162
income

Total
comprehensive - - - - - (22,878) - - - (22,878)
income

Issue during
3 - (0) 2,862 - - - - - 2,862
the year

Employee
stock options - - - - 1,063 - - - - 1,063
expense

Transferred to
retained
earnings for - - - - (368) 368 - - - -
vested options
forfeited

As at 31 March

21
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

2019 1,113 169 13 2,92,150 15,438 (2,50,496) 627 37 (685) 57,071

[320000] Cash flow statement, indirect

Unless otherwise specified, all monetary values are in Lakhs of INR
01/04/2018 01/04/2017
to to 31/03/2017
31/03/2019 31/03/2018
Statement of cash flows [Abstract]
Whether cash flow statement is applicable on company Yes Yes
Cash flows from used in operating activities [Abstract]
Profit before tax -23,538 -23,975
Adjustments for reconcile profit (loss) [Abstract]
Adjustments for finance costs 504 0
Adjustments for decrease (increase) in trade receivables, current -592 -275
Adjustments for decrease (increase) in other current assets 605 2,114
Adjustments for decrease (increase) in other non-current assets 221 90
Adjustments for other financial assets, non-current -7,685 -8,984
Adjustments for other financial assets, current -108 -295
Adjustments for increase (decrease) in trade payables, current -1,768 359
Adjustments for increase (decrease) in other current liabilities 1,203 506
Adjustments for depreciation and amortisation expense 2,784 2,178
Adjustments for impairment loss reversal of impairment loss
0
recognised in profit or loss (A) 1,571
Adjustments for provisions, current 312 279
Adjustments for other financial liabilities, current 3,139 414
Adjustments for unrealised foreign exchange losses gains 2 0
Adjustments for interest income 370 556
Adjustments for share-based payments 1,063 4,729

Adjustments for fair value losses (gains) (B) -473 (C) -1,970
Other adjustments to reconcile profit (loss) (D) 1,429 (E) 368
Total adjustments for reconcile profit (loss) 1,837 -1,043
Net cash flows from (used in) operations -21,701 -25,018
Income taxes paid (refund) 206 23
Net cash flows from (used in) operating activities -21,907 -25,041
Cash flows from used in investing activities [Abstract]
Cash flows used in obtaining control of subsidiaries or other businesses 0 22
Other cash receipts from sales of equity or debt instruments of other
14,641 24,887
entities
Proceeds from sales of property, plant and equipment 2 77
Purchase of property, plant and equipment 209 75
Cash advances and loans made to other parties 815 118
Interest received 489 581

Other inflows (outflows) of cash (F) 453

(G) 5

Net cash flows from (used in) investing activities 14,561 25,335
Cash flows from used in financing activities [Abstract]
Proceeds from issuing shares 2,865 0
Payments to acquire or redeem entity's shares 0 1
Proceeds from borrowings 10,396 0
Repayments of borrowings 440 0
Interest paid 421 0
Net cash flows from (used in) financing activities 12,400 -1
Net increase (decrease) in cash and cash equivalents before effect of
5,054 293
exchange rate changes
Net increase (decrease) in cash and cash equivalents 5,054 293
Cash and cash equivalents cash flow statement at end of period 8,713 3,659 3,366

22
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

Footnotes
(A) Provision for ipairment of goodwill
(B)

Gain on sale of mutual funds (432)

Fair value gain of investments measured at FVTPL (39)

(Gain)/loss on disposal of property, plant and equipment (2)

(C)

(Gain)/loss on disposal of property, plant and equipment 25

Gain on sale of mutual funds (1,535)

Fair value gain of investments measured at FVTPL (460)

(D)

Loss allowance on loans 908

Loss allowances on investments 461

Loss allowance/ (reversal) on trade receivables 23

Bad debts written off 37

(E)

Loss allowance/ (reversal) on trade receivables 204

Bad debts written off 164

(F)

Proceeds/ (Outflow) from investments in bank deposits (24)

Proceed from maturity of deposits with financial institutions 477

(G)

Proceeds from maturity of bank deposits (net) 5

23
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

[610100] Notes - List of accounting policies

Unless otherwise specified, all monetary values are in Lakhs of INR
01/04/2018
to
31/03/2019
Textual information (4)
Disclosure of significant accounting policies [TextBlock] [See below]

24
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

Textual information (4)

Disclosure of significant accounting policies [Text Block]

Quikr India Private Limited

Notes to consolidated financial statements as of and for the year ended 31 March 2019

Corporate Information

Quikr India Private Limited, a company incorporated in India, is a subsidiary of Quikr Mauritius
Holding Limited (QMHL). The Company has its registered office at 106 Sub No.5,6,7,8 and 9
Rachanhaelli Village, 167 SRK Nagar Post, Krishnarajuram Hobli, Bangalore, Karnataka 560045.

Quikr India Private Limited ("the Holding Company") and its subsidiaries (together referred to as
'the Group') and the Group's interest in associates are engaged in providing the service through its
platform. Refer note 30 for details.

The Group owns 'Quikr.com' website and mobile application (together the platform), which is a
classified advertising platform. The platform allows buyers and sellers of goods and services to
independently connect online. Quikr's classified platform allows any person (buyers or sellers) to
post free advertisements under different categories of goods and services such as real estate,
jobs, automobiles, electronics, education, home rental solutions etc. The Group also provides
advertisement space on its platform to customers on chargeable basis. Further, the Group
provides leads (customer referrals) to intended users of such leads. The Group also owns other
platforms namely "Commonfloor", "Grabhouse", "At Home Diva", " Zimmber", "Hiree" and
"Babajobs". The Company also offers on-demand in-home beauty and styling services from
trained and certified stylists, RTO related and handyman services.
The financial statements are approved for issue by the Company's Board of Directors 31 October
2019.

During the year ended 31 March 2019, Abhiman Technologies Private Limited, Cryptopy
Technologies Private Limited, Rejuvenate Solutions Private Limited, Glowprime Technologies
Private Limited and Baba Jobs Services Private Limited have been merged with Quikr India
Private Limited pursuant to a scheme of amalgamation (the 'scheme' or 'merger scheme')
approved by The National Company Law Tribunal, Bengaluru bench. Refer note 41 for details.

Significant accounting policies

Basis of preparation of financial statements

Compliance with Ind AS

The financial statements comply in all material aspects with Indian Accounting Standards (Ind AS)
notified under Section 133 of the Companies Act, 2013 (the Act), Companies (Indian Accounting
Standards) Rules, 2015, and other relevant provisions of the Act.

25
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

Historical cost convention

The financial statements have been prepared on a historical cost basis, except for the following:
a) Certain financial assets and liabilities measured at fair value
b) Defined benefit plans plan assets measured at fair value; and
c) Share-based compensation is measured at fair value

Historical cost is generally based on the fair value of the consideration given in exchange for
goods and services.

Current versus non-current classification

The Group presents assets and liabilities in balance sheet based on current/non-current
classification. An asset is treated as current when it is:

- Expected to be realised or intended to be sold or consumed in normal operating cycle

- Held primarily for the purpose of trading
- Expected to be realised within twelve months after the reporting period, or

- Cash or cash equivalent unless restricted from being exchanged or used to settle a liability for at
least twelve months after the reporting period

All other assets are classified as non current.

A liability is current when it is:

- Expected to be realised or intended to be sold or consumed in normal operating cycle

- It is held primarily for the purpose of trading
- It is due to be settled within twelve months after the reporting period, or
- There is no unconditional right to defer the settlement of the liability for at least twelve months
after the reporting period

The Group classifies all other liabilities as non-current.

The operating cycle is the time between the acquisition of assets for processing and their
realisation in cash and cash equivalents. The group has considered twelve months as its operating
cycle.

Principles of consolidation

Subsidiaries are all entities over which the group has control. The group controls an entity when
the group is exposed to, or has rights to, variable returns from its involvement with the entity and
has the ability to affect those returns through its power to direct the relevant activities of the entity.
Subsidiaries are fully consolidated from the date on which control is transferred to the group. They
are deconsolidated from the date that control ceases.

The acquisition method of accounting is used to account for business combinations by the group.
The group combines the financial statements of the parent and its subsidiaries line by line adding
together like items of assets, liabilities, equity, income and expenses. Intercompany transactions,
balances and unrealised gains on transactions between group companies are eliminated.

26
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

Unrealised losses are also eliminated unless the transaction provides evidence of an impairment
of the transferred asset. Accounting policies of subsidiaries have been changed where necessary

27
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

to ensure consistency with the policies adopted by the group. Non-controlling interests in the
results and equity of subsidiaries are shown separately in the consolidated statement of profit and
loss, consolidated statement of changes in equity and balance sheet respectively.

Foreign currency translation

(i) Functional and presentation currency

Items included in the financial statements of the Group are measured using the currency of the
primary economic environment in which the entity operates (the functional currency). The financial
statements are presented in Indian rupee (Rs.), which is functional and presentation currency of
the group.

(ii) Transactions and balances

Foreign currency transactions are translated into the functional currency using the exchange rates
at the dates of the transactions. Foreign exchange gains and losses resulting from the settlement
of such transactions and from the translation of monetary assets and liabilities denominated in
foreign currencies at year end exchange rates are recognised in profit or loss.

Revenue Recognition

Revenue is measured at the transaction price which is the amount of consideration the group is
entitled to receive in exchange for its services as per the contracts with customers. Amounts
disclosed as revenue are net of trade allowances, rebates and Goods and Services tax (GST) and
amounts collected on behalf of third parties.

The Group is a principal in the arrangements for advertisement, lead referral, business support
services, beauty services, RTO services and handyman services. The Group is acting as an agent
wherein the company earns commission from sale of goods or services on its platforms and
marketing and management service fee from home rental solutions.Revenue from the sale of
services is recognised when the Group performs its obligations to its customers as below:

Advertisement

Advertising revenues are derived principally from the sale of advertisement space on the group's
platforms. Advertising revenues are recognised as per the terms of the contract with customers
such as, when “impressions” (i.e., advertisement appears on the platform when viewed by users)
are delivered, or when “clicks” (which occurs as and when users click advertisements on the
group's platforms which redirects them to an advertiser’s designated website) are made.

The Group also has fixed-term advertisement contracts with its customers. Inputs required to
satisfy Group’s performance obligations are expended evenly over the term of contract and
therefore revenue from fixed-term advertisement contracts are recognised on a straight-line basis
over the term of the contract.

Lead referral fee

The Group earns referral fees from providing leads to customers. Lead referral fee is recognised at
the transaction price agreed in the contract as and when the leads are passed on to the
customers.

Commission

28
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

The Group earns commission on sale of goods or services on its platforms and also on services
provided as a broker in real estate transactions. Commission on is recognised upon delivery of
such goods or services to the buyers and commission on real estate transaction is recognised
when the services are provided to the customers as per the terms of the agreements.

Beauty services

The group provides beauty services to customers. Revenue from beauty services is recognised at
the transaction price as and when the services are performed.

Marketing and management service fee from home rental solutions

Group provides digitally-driven home rental solutions to its customers. The group acts as a
facilitator and , markets and promotes properties on its platform on behalf of the owners, assists
the owners and tenants in executing lease agreements, collects rent on behalf of owner on a
monthly basis and provides other ancillary services in connection with the lease of a property.
Service fee earned by the group from home rental solutions is recognised over the period of
contract and is recorded net of any applicable taxes as per the terms of contract with property
owners. The group assures a minimum monthly rent to the property owners and shortfall (if any) is
compensated by the group. Compensation paid by the group is presented net against Service Fee
and where the compensation exceeds the service fee, the same is disclosed as ‘Compensatory
fees’ under other expenses in the Statement of Profit and Loss.

Other services

The Group also provides RTO services (such as vehicle registrations, ownership transfers, driving
licenses etc.) and handyman services (such as carpenter, plumber, electricians, painting and
cleaning services). Revenue is recognised at the transaction price as and when the services are
performed. The Group also provides valuation and consultancy services and revenue from such
services are recognised when the services are rendered as per the terms of the contracts.

Contract balances and trade receivables

Trade receivables are amounts due from customers for sale of services performed in the ordinary
course of business. Contract assets are in the nature of unbilled receivables which arises when the
company satisfies a performance obligation but does not have an unconditional right to
consideration and are classified under ‘other current assets’. Where performance obligation is
completed but invoice is not raised, such receivables are presented as unbilled receivables under
other financial assets.

Where the Group has an obligation to transfer goods or services to a customer for which the
Group has received consideration from the customer, a contract liability is recognised as advance
from customers. Deferred revenue is recognised when the invoices are raised and service is yet to
be rendered. These are recognised as revenue when the Group satisfies its performance
obligations under the contract.

Tax on income

Income Tax

The income tax expense for the period is the tax payable on the current period's taxable income
based on the applicable income tax rate adjusted by changes in deferred tax assets and liabilities
attributable to temporary differences and to unused tax losses and depreciation.
Current income tax relating to items recognised outside profit or loss is recognised outside profit or

29
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

loss (either in other comprehensive income or in equity). Management periodically evaluates

positions taken in the tax returns with respect to situations in which applicable tax regulations are
subject to interpretation and establishes liabilities where appropriate, on the basis of amounts
expected to be paid to the tax authorities.

30
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

Current tax assets and Current tax liabilities are offset if a legally enforceable right exists and the
Group intends either to settle on a net basis or to realise the asset and settle the liability
simultaneously.

Deferred tax

Deferred tax is recognised on temporary differences between the tax bases of assets and liabilities
and their carrying amounts in financial statements at the reporting date. Deferred tax assets are
recognised for all deductible temporary differences and unused tax losses and unabsorbed
depreciation when it is probable that future taxable amounts will be available to utilise those
temporary differences, unused tax losses and unabsorbed depreciation.

The carrying amount of deferred tax assets is reviewed at each reporting date and reduced to the
extent that it is no longer probable that sufficient taxable profit will be available to allow all or part
of the deferred tax asset to be utilised. Unrecognised deferred tax assets are re-assessed at each
reporting date and are recognised to the extent that it has become probable that future taxable
profits will allow the deferred tax asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the
year when the asset is realised or the liability is settled, based on tax rates (and tax laws) that
have been enacted or substantively enacted at the reporting date.
Deferred tax relating to items recognised outside profit or loss is recognised outside profit or loss
(either in other comprehensive income or in equity).
Deferred tax assets and deferred tax liabilities are offset if a legally enforceable right exists to set
off current tax assets against current tax liabilities.

Leases

A lease is classified at the inception date as a finance lease or an operating lease. A lease that
transfers substantially all the risks and rewards incidental to the ownership to the Group is
classified as a finance lease. All other lease arrangements are classified as operating lease.

The determination of whether an arrangement is (or contains) a lease is based on the substance of
the arrangement at the inception of the lease. The arrangement is, or contains, a lease if fulfilment
of the arrangement is dependent on the use of a specific asset or assets and the arrangement
conveys a right to use the asset or assets, even if that right is not explicitly specified in an
arrangement.

As a Lessee

Leases of property, plant and equipment where the Group, as lessee, has substantially all the risks
and rewards of ownership are classified as finance leases. Finance leases are capitalised at the
lease's inception at the fair value of the leased property or, if lower, the present value of the
minimum lease payments. The corresponding rental obligations, net of finance charges are
included in borrowings or other financial liabilities as appropriate. Each lease payment is allocated
between the liability and finance cost. The finance cost is charged to the profit or loss over the
lease period so as to produce a constant periodic rate of interest on the remaining balance of the
liability for each period.

Leases in which a significant portion of risks and rewards of ownership are not transferred to the
Group as lessee are classified as operating leases. Payments made under operating leases (net of
any incentives received from lessor) are charged to profit or loss on a straight-line basis over the
period of the lease unless the payments are structured to increase in line with expected general
inflation to compensate for the lessor's expected inflationary cost increases.

As a Lessor

31
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

Lease income (including for those sub-let) from operating lease where the Group is a lessor is
recognised in income on a straight line basis over the lease term.

Borrowings

Borrowings are initially recognised at fair value, net of transaction costs incurred. Borrowings are
subsequently measured at amortised cost. Any difference between the proceeds (net of
transaction costs) and the redemption amount is recognised in profit or loss over the period of the
borrowings using the effective interest method.
Borrowings are removed from the balance sheet when the obligation specified in the contract is
discharged, cancelled or expired. The difference between the carrying amount of a financial liability
that has been extinguished or transferred to another party and the consideration paid, including
any non-cash assets transferred or liabilities assumed, is recognised in profit or loss as other
income or finance costs.

Borrowing cost

Borrowing costs directly attributable to the acquisition, construction or production of an asset that
necessarily takes a substantial period of time to get ready for its intended use or sale are
capitalised as part of the cost of the asset. All other borrowing costs are expensed in the period in
which they occur. Borrowing costs consist of interest and other costs that an entity incurs in
connection with the borrowing of funds. Borrowing cost also includes exchange differences to the
extent regarded as an adjustment to the borrowing costs.

Property, Plant and Equipment

All items of property, plant and equipment are stated at historical cost less depreciation and
impairment. Historical cost includes expenditures that are directly attributable to the acquisition of
the items.

Subsequently costs are included in the assets carrying amount or recognised as a separate asset
as appropriate, only when it is probable that future economic benefits associated with the item will
flow to the company and the cost of the item can be measured reliably. The carrying amount of
any component accounted for as a separate asset is derecognised when replaced. All other
repairs and maintenance are charged to statement of profit or loss during the reporting period in
which they are incurred.

Depreciation methods, estimated useful lives

Depreciation is calculated on a straight-line basis over the estimated useful lives of the assets, as
follows:

Useful life as
per
Asset
management
(In Years)

Lower of lease
term or
Leasehold improvements management's
expected
useful life

32
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

Plant and Machinery 15

Office Equipment 5

Furniture and Fittings 5-10

Computer - Server and networking equipment 6

Computer - Desktop and Laptop 3

The useful lives have been determined based on technical evaluation done by the management's
expert which in certain instances are different from those specified by Schedule II to the
Companies Act, 2013, in order to reflect the actual usage of the assets. The assets residual values
and useful life are reviewed, and adjusted if appropriate, at the end of each reporting period. An
asset's carrying amount is written down immediately to its recoverable amount if the asset's
carrying amount is greater than its estimated recoverable amount.

Disposals

Gains and losses on disposals are determined by comparing proceeds with the net carrying
amounts. These are accounted in the statement of profit and loss within other income/ other
expenses.

Intangible assets

Goodwill

Goodwill on acquisitions of business is included in intangible assets. Goodwill is not amortised but
it is tested for impairment annually, or more frequently if events or changes in circumstances
indicate that it might be impaired, and is carried at cost less accumulated impairment losses. Gains
and losses on the disposal of a business include the carrying amount of goodwill relating to the
business sold.

Goodwill is allocated to cash-generating units for the purpose of impairment testing. The allocation
is made to those cash-generating units or groups of cash-generating units that are expected to
benefit from the business combination in which the goodwill arose. The units or groups of units are
identified at the lowest level at which goodwill is monitored for internal management purposes.

Tradename, brand- right to use and database

Tradename, brand- right to use and database rights acquired are carried at cost less accumulated
amortisation and impairment losses, if any.

Computer software, Website, Mobile applications and others

Costs associated with maintaining software programmes and other intangible assets are
recognised as an expense as incurred. Development costs that are directly attributable to the

33
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

design and testing of identifiable and unique software products controlled by the Group are
recognised as intangible assets when the following criteria are met:
- it is technically feasible to complete the software so that it will be available for use
- management intends to complete the software and use or sell it
- there is an ability to use or sell the software
- it can be demonstrated how the software will generate probable future economic benefits
- adequate technical, financial and other resources to complete the development and to use or sell
the software are available, and
- the expenditure attributable to the software during its development can be reliably measured.

Directly attributable costs that are capitalised as part of the software include employee costs and
an appropriate portion of relevant overheads. Capitalised development costs are recorded as
intangible assets and amortised from the point at which the asset is available for use.

34
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

Research and development expenditure that do not meet the criteria for capitalisation as noted
above are recognised as an expenses as incurred. Development costs previously recognised as
an expenses are not recognised as an asset in the subsequent period.

Amortisation methods and periods

The group amortises intangible assets with a finite useful life using the straight-line method over
the following periods:

Life in
Asset
Years

Trade name and database 3

Computer software 2.5 - 5

Website 3-5

Mobile application 3-5

Brand- Right to use Indefinite

Intellectual property rights 3

Expenses incurred in case of internally generated mobile application including development

expenses that are not expected to generate economic benefits beyond one year are charged off
fully in the year in which such costs are incurred.

Impairment of non-financial assets

Goodwill is not subject to amortisation and are tested annually for impairment, or more frequently if
events or changes in circumstances indicate that they might be impaired. Other assets are tested
for impairment whenever events or changes in circumstances indicate that the carrying amount
may not be recoverable. An impairment loss is recognised for the amount by which the asset's
carrying amount exceeds its recoverable amount. The recoverable amount is the higher of an
asset's fair value less costs of disposal and value in use. For the purposes of assessing
impairment, assets are grouped at the lowest levels for which there are separately identifiable cash
inflows which are largely independent of the cash inflows from other assets or group of assets
(cash-generating units). Non-financial assets other than goodwill that suffered an impairment are
reviewed for possible reversal of the impairment at the end of each reporting period.

Business combinations

The acquisition method of accounting is used to account for all business combinations, regardless
of whether equity instruments or other assets are acquired. The consideration transferred for the
acquisition of a subsidiary comprises the

- fair values of the assets transferred

- liabilities incurred to the former owners of the acquired business
- equity interests issued by the group
- fair value of any asset or liability resulting from a contingent consideration arrangement, and
- fair value of any pre-existing equity interest in the subsidiary

35
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

Identifiable assets acquired and liabilities and contingent liabilities assumed in a business
combination are, with limited exceptions, measured initially at their fair values at the acquisition
date. The group recognises any non-controlling interest in the acquired entity on an
acquisition-by-acquisition basis either at fair value or at the non-controlling interest’s proportionate
share of the acquired entity’s net identifiable assets.
Acquisition-related costs are expensed as incurred.

The excess of the

- consideration transferred,
- amount of any non-controlling interest in the acquired entity, and
- acquisition-date fair value of any previous equity interest in the acquired entity
over the fair value of the net identifiable assets acquired is recorded as goodwill. If those amounts
are less than the fair value of the net identifiable assets of the subsidiary acquired, the difference is
recognised directly in equity as capital reserve.

Trade payable

These amounts represent liabilities for goods and services provided to the group prior to the end of
the financial year which are unpaid. The amounts are unsecured. Trade payables are presented as
current liabilities unless payment is not due within 12 months after the reporting period. They are
recognised initially at their fair value and subsequently measured at amortised cost using effective
interest rate method.

Investments and other financial assets

(i) Classification

The Group classifies its financial assets in the following measurement categories:
a) those to be measured subsequently at fair value (either through other comprehensive income,
or through profit or loss), and
b) those measured at amortised cost.
The classification depends on the entity's business model for managing financial assets and the
contractual terms of the cash flows.

For assets measured at fair value, gains and losses have been recorded in profit or loss or other
comprehensive income.

The Group reclassifies debt investments when and only when its business model for managing
those assets changes.

(ii) Measurement

At initial recognition, the Group measures a financial asset at its fair value plus, in the case of a
financial asset not at fair value through profit or loss, transaction costs that are directly attributable
to the acquisition of the financial asset. Transaction costs of financial assets carried at fair value
through profit or loss are expensed in profit or loss.

Fair value is the price that would be received to sell an asset or paid to transfer a liability in an
orderly transaction between market participants at the measurement date, regardless of whether
that price is directly observable or estimated using another valuation technique. In estimating the
fair value of an asset or a liability, the Group takes into account the characteristics of the asset or
liability if market participants would take those characteristics into account when pricing the asset
or liability at the measurement date.

In addition, for financial reporting purposes, fair value measurements are categorised into Level 1,
2, or 3 based on the degree to which the inputs to the fair value measurements are observable

36
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

and the significance of the inputs to the fair value measurement in its entirety, which are described
as follows:
• Level 1 inputs are quoted prices (unadjusted) in active markets for identical assets or liabilities
that the entity can access at the measurement date;

37
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

• Level 2 inputs are inputs, other than quoted prices included within Level 1, that are observable
for the asset or liability, either directly or indirectly; and
• Level 3 inputs are unobservable inputs for the asset or liability.

Debt instruments
Subsequent measurement of debt instruments depends on the group's business model for
managing the asset and the cash flow characteristics of the asset. There are three measurement
categories into which the group classifies its debt instruments:

Amortised cost: Assets that are held for collection of contractual cash flows where those cash
flows represent solely payments of principal and interest are measured at amortised cost. A gain
or loss on a debt investment that is subsequently measured at amortised cost and is not part of a
hedging relationship is recognised in profit or loss when the asset is derecognised or impaired.
Interest income from these financial assets is included in finance income using the effective
interest rate method.

Fair value through other comprehensive income (FVOCI) : Assets that are held for collection of
contractual cash flow and for selling the financial assets, where the assets cash flows represents
solely payments of principal and interest, are measured at FVOCI. Movements in the carrying
amount are taken through OCI, except for the recognition of impairment gains or losses, interest
revenue and foreign exchange gains and losses which are recognised in profit and loss. When the
financial asset is derecognised, the cumulative gain or loss previously recognised in OCI is
reclassified from equity to profit or loss and recognised in other gains/ (losses). Interest income
from these financial assets is included in other income using the effective interest rate method.

Fair value through profit or loss (FVTPL) : Assets that do not meet the criteria for amortised cost or
FVOCI are measured at fair value through profit or loss. A gain or loss on a debt investment that is
subsequently measured at fair value through profit or loss and is not part of a hedging relationship
is recognised in profit or loss and presented net in the statement of profit and loss within other
gains/(losses) in the period in which it arises. Interest income from these financial assets is
included in other income.

Equity instruments
The Group subsequently measures all equity investments at fair value. Where the Group elected
to present fair value gains and losses on equity investments in other comprehensive income, there
is no subsequent reclassification of fair value gains and losses to profit or loss. Dividends from
such investments are recognised in profit or loss as other income when the group's right to receive
payments is established.

Changes in the fair value of financial assets at fair value through profit or loss are recognised in
other gain/(losses) in the statement of profit and loss. Impairment losses (and reversal of
impairment losses) on equity investments measured at FVOCI are not reported separately from
other changes in fair value.

(iii) Impairment of financial assets

The Group assesses on a forward looking basis the expected credit losses associated with its
financial assets carried at amortised cost. The impairment methodology applied depends on
whether there has been a significant increase in credit risk.

For trade receivables only, the group applies the simplified approach permitted by Ind AS 109
Financial Instruments, which requires expected lifetime credit losses to be recognised on initial
recognition of the trade receivables.

(iv) Derecognition of financial assets

A financial asset is derecognised only when

a. The group has transferred the rights to receive cash flows from the financial asset or
b. retains the contractual rights to receive the cash flows of the financial asset, but assumes a
contractual obligation to pay the cash flows to one or more recipients.

Where the entity has transferred a financial asset, the group evaluates whether it has transferred
substantially all risks and rewards of ownership of the financial asset. In such cases, the financial

38
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

asset is derecognised. Where the entity has not transferred substantially all risks and rewards of
ownership of the financial asset, the financial asset is not derecognised.

Where the entity has neither transferred a financial asset nor retains substantially all risks and
rewards of ownership of the financial asset, the financial asset is derecognised if the group has not

39
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

retained control of the financial asset. Where the group retains control of the financial asset, the
financial asset is continued to be recognised to the extent of continuing involvement in the financial
asset.

(v) Income recognition

Interest income
Interest income from debt instruments is recognised using the effective interest rate method. The
effective interest rate is the rate that exactly discounts estimated future cash receipts through the
expected life of the financial asset to the gross carrying amount of a financial asset. When
calculating the effective interest rate, the group estimates the expected cash flows by considering
all the contractual terms of the financial instrument (for example, prepayment, extension, call and
similar options) but does not consider the expected credit losses.

Dividends
Dividends are recognised in profit or loss only when the right to receive payment is established, it
is probable that the economic benefits associated with the dividend will flow to the group, and the
amount of the dividend can be measured reliably.

(vi) Offsetting of financial instruments

Financial assets and financial liabilities are offset and the net amount is reported in the balance
sheet if there is an enforceable legal right to offset the recognised amounts and there is an
intention to settle on a net basis to realise the assets and settle the liabilities simultaneously. The
legally enforceable right must not be contingent on future events and must be enforceable in the
normal course of business and in the event of default, insolvency or bankruptcy of the Group or
the counterparty.

Cash and cash equivalents

For the purpose of presentation in the statement of cash flows, cash and cash equivalents includes
cash on hand, deposits held at call with banks or financial institutions, other short-term, highly
liquid investments with original maturities of three months or less that are readily convertible to
known amounts of cash and which are subject to an insignificant risk of changes in value, and
bank overdrafts. Bank overdrafts are disclosed within borrowings in current liabilities in the balance
sheet.

Employee benefits

Short-term obligations

Liabilities for wages and salaries, including non-monetary benefits that are expected to be settled
wholly within 12 months after the end of the period in which the employees render the related
service are recognised in respect of employees' services up to the end of the reporting period and
are measured at the amounts expected to be paid when the liabilities are settled. The liabilities are
presented as current financial liabilities in the balance sheet.

Other long-term employee benefit obligations

The liabilities for leave balance are not expected to be settled wholly within 12 months after the
end of the period in which the employees render the related service. They are therefore measured
as the present value of expected future payments to be made in respect of services provided by
employees up to the end of the reporting period using the projected unit credit method. The
benefits are discounted using the market yields on government bonds at the end of the reporting
period that have terms approximating to the terms of the related obligation. Remeasurements as a
result of experience adjustments and changes in actuarial assumptions are recognised in profit or

40
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

loss.

41
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

The obligations are presented as current liabilities in the balance sheet if the entity does not have
an unconditional right to defer settlement for at least twelve months after the reporting period,
regardless of when the actual settlement is expected to occur.

Post-employment obligations

The Group operates the following post-employment schemes:

(a) defined benefit plans - gratuity, and
(b) defined contribution plans such as provident fund.

Gratuity obligations

The liability or asset recognised in the balance sheet in respect of defined benefit gratuity plan is
the present value of the defined benefit obligation at the end of the reporting period less the fair
value of plan assets. The defined benefit obligation is calculated annually by an independent
actuary using the projected unit credit method.

The present value of the defined benefit obligation is determined by discounting the estimated
future cash outflows by reference to market yields at the end of the reporting period on
government bonds that have term approximating the term of the related obligation. The net interest
cost is calculated by applying the discount rate to the net balance of the defined benefit obligation
and the fair value of plan assets.

Remeasurement gains and losses arising from experience adjustments and changes in actuarial
assumptions are recognised in the period in which they occur, directly in other comprehensive
income. They are included in retained earnings in the statement of changes in equity and in the
balance sheet. Such accumulated re-measurement balances are never reclassified into the
statement of profit and loss subsequently.

Changes in the present value of the defined benefit obligation resulting from plan amendments or
curtailments are recognised immediately in profit or loss as past service costs.

Defined contribution plan

The Group pays provident fund contributions to publicly administered provident funds as per
applicable regulations. The Group has no further payment obligations once the contributions have
been paid. The contributions are accounted for as defined contribution plans and the contributions
are recognised as employee benefit expense when they are due.

Share-based payments

Share based compensation benefits are provided to certain employees of the group by Quikr
Mauritius Holding Limited (the holding company) in the form of employee option plan (equity
settled transaction) (the QMHL ESOP Plan). The stock options vest over a period of 4 years. The
fair value of options granted under the QMHL ESOP plan is recognised as an employee benefits
expense with a corresponding increase in equity. The total amount to be expensed is determined
by reference to the fair value of the options granted on the date of such grants.

The total expense is recognised over the vesting period (in graded manner treating each tranch as
a separate grant), which is the period over which all of the specified vesting conditions are to be
satisfied. At the end of each period, the entity revises its estimates of the number of options that

42
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

are expected to vest based on the non-market vesting and service conditions. It recognises the
impact of the revision to original estimates, if any, in profit or loss, with a corresponding adjustment
to equity.

Provisions and contingent liability

Provision

Provisions are recognised when the group has a present obligation (legal or constructive) as a
result of a past event, it is probable that an outflow of resources embodying economic benefits will
be required to settle the obligation and a reliable estimate can be made of the amount of the
obligation. The amount recognised as a provision is the best estimate of the consideration required
to settle the present obligation at the end of the reporting period, taking into account the risks and
uncertainties surrounding the obligation. The expense relating to a provision is presented in the
statement of profit and loss net of any reimbursement.

If the effect of the time value of money is material, provisions are discounted using a current
pre-tax rate that reflects, when appropriate, the risks specific to the liability. When discounting is
used, the increase in the provision due to the passage of time is recognised as a finance cost.

Contingent liability

Contingent liability exists when there is possible obligation arising from past events, the existence
of which will be confirmed only by the occurrence or non-occurrence of one or more uncertain
future events not wholly within the control of the Group, or a present obligation that arises from
past events where it is either not probable that an outflow of resources will be required or the
amount cannot be reliably estimated. Contingent liabilities are appropriately disclosed unless the
possibility of an outflow of resources embodying economic benefits is remote.

Segment reporting

Operating segments are reported in a manner consistent with the internal reporting provided to the
chief operating decision maker (CODM). The Chief Executive Officer (CEO) of the Company is
identified as CODM who evaluates the performance of the Company based on the single operating
segment for the purpose of allocation of resources and evaluating financial performance.

Earnings Per Share

Basic earnings per share

Basic earnings per share is calculated by dividing the profit attributable to owners of the parent
company by the weighted average number of equity shares outstanding during the financial year.
Diluted earnings per share
Diluted earnings per share adjusts the figures used in the determination of basic earnings per
share to take into account:
- the after income tax effect of interest and other financing costs associated with dilutive potential
equity shares, and
- the weighted average number of additional equity shares that would have been outstanding
assuming the conversion of all dilutive potential equity shares.

Compulsory Convertible Debentures

Compulsory Convertible Debentures meets Ind AS 32 criteria for fixed to fixed classification.
Hence they are classified as equity instruments for reporting.

43
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

Equity Share Capital

Equity shares are classified as equity. Incremental costs directly attributable to the issue of new
shares are showin in equity as deduction, net of tax, from the proceeds.

Events after the reporting date

Adjusting events are events that provide further evidence of conditions that existed at the end of
the reporting period. The financial statements are adjusted for such events before authorisation for
issue. Non-adjusting events are events that are indicative of conditions that arose after the end of
the reporting period. Non-adjusting events after the reporting date are not accounted, but
disclosed.

Rouding off amounts

All amounts disclosed in the financial statements and notes have been rounded off to the nearest
lakhs as per the requirement of Schedule III (Division II) to the Companies Act, 2013, unless
otherwise stated. The Sign '0' in these Ind AS financial statements indicates that the amounts
involved are below Rs. fifty thousand and the sign '-' indicates that amounts are nil.

Changes in accounting policies and disclosures

Ind AS 115 was issued on 28 March 2018 and supersedes Ind AS 11 Construction Contracts and
Ind AS 18 Revenue and it applies, with limited exceptions, to all revenue arising from contracts
with its customers. Ind AS 115 establishes a five-step model to account for revenue arising from
contracts with customers and requires that revenue be recognised at an amount that reflects the
consideration to which an entity expects to be entitled in exchange for transferring goods or
services to a customer.

The Group has applied Ind AS 115 using full retrospective method of adoption.

On application of Ind AS 115, the Group has netted off certain incentives and payments to
customers with the revenue from contracts with customers. These incentives and payments to the
customers were shown seperately as expense under advertisement and sales promotion and
compensatory fees respectively in the previous year under the erstwhile standard Ind AS 18. Refer
note 42 for the impact due to implementation of Ind AS 115.

There are no implication on the Group for other amendments and interpretations applicable for the
Group for year end 31 March, 2019. The Group has not early adopted any standards or
amendments that have been issued but are not yet effective.

Standards issued but not yet effective

Following new standard and amendment to Ind AS have not been applied by the Group as they
are effective for annual periods beginning on or after 1 April 2019:

44
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

(i) Ind AS 116 - Leases

In March 2019, the Ministry of Corporate Affairs issued the Companies (Indian Accounting
Standards) Amendment Rules, 2019, notifying Ind AS 116 ‘Leases’ (New Lease Standard), which
replaces Ind AS 17 ‘Leases’. The core principle of the new lease standard is that an entity
should account for on a ‘right-of-use model’ i.e., lessees will have a single accounting model for all
leases, with two exemptions (low value assets and short-term leases). The model reflects that, at
the commencement date, a lessee has a financial obligation to make lease payments to the lessor
for its right to use the underlying asset during the lease term. The effective date for adoption of Ind
AS 116 is financial periods beginning on or after 1 April 2019.

Significant additional disclosures in relation to leases are also prescribed. The new lease standard
also provides two broad alternative transition options – Retrospective Method and Cumulative
Effect Method – with certain practical expedients available under the Retrospective Method. The
Group is in the process of evaluating the impact of the new lease standard on the present and
future arrangements and shall determine the appropriate transition option once the said evaluation
has been completed.

(ii) The Companies (Indian Accounting Standards) Second Amendments Rules, 2019 introduces
amendment of :

a) Ind AS 12 Income taxes to insert of Appendix C Uncertainty over income tax treatments : This
appendix clarifies how to apply the recognition and measurement requirements in Ind AS 12 when
there is uncertainty over income tax treatments.

The standard permits the initial application either:

- Retrospectively applying Ind AS 8, if that is possible without the use of the hindsight; or

- Retrospectively with the cumulative effect of initially applying the Appendix recognised at the date
of application. If the entity selects this transition approach, it shall not restate comparative
information. Instead, the entity shall recognise the cumulative effect of initially applying the
Appendix as an adjustment to the opening balance of retained earnings (or other component of
equity, as appropriate). The date of initial application is the beginning of the annual reporting
period in which an entity first applies this Appendix.

The notification amends Ind AS 12 and requires the Company to recognise the income tax
consequences of dividends as defined in Ind AS 109 when it recognises a liability to pay a
dividend. The income tax consequences of dividends are linked more directly to past transactions
or events that generated distributable profits than to distribute to owners. Therefore, an entity shall
recognise the income tax consequences of dividends in profit or loss, other comprehensive income
or equity according to where the entity originally recognised those past transactions or events.

The effective date for adoption of amendments to Ind AS 12 is financial periods beginning on or
after 1 April 2019.

There are no other standards that are not yet effective and that would be expected to have a
material impact on the group in the current or future reporting years and on a future forseseeable
future transaction.

Critical estimates and judgements

The preparation of the financial statements requires management to make judgements, estimates
and assumptions that affect the reported amounts of revenues, expenses, assets and liabilities,
and the accompanying disclosures, and the disclosure of contingent liabilities. Uncertainty about
these assumptions and estimates could result in outcomes that require a material adjustment to
the carrying amount of asset or liability affected in future periods. The areas involving significant
estimates or critical judgements are:

45
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

Significant estimates:

Defined benefit plans

The cost of the defined benefit gratuity plan and other post-employment benefit and the present
value of the gratuity obligation are determined using actuarial valuations. An actuarial valuation
involves making various assumptions that may differ from actual developments in the future. these
include the determination of the discount rate and future salary increases. Due to complexities
involved in the valuation and its long term nature, a defined benefit obligation is highly sensitive to
changes in these assumptions. All assumptions are reviewed at each reporting date.
The parameter most subject to change is the discount rate. The mortality rate is based on publicly
available mortality table in India. The mortality tables tend to change only at interval in response to
demographic changes. Further salary increases and gratuity increases are based on expected
future inflation rates. Further details about the gratuity obligations are given in Note 29.

Goodwill and intangible asset with indefinite life

Goodwill and intangible assets assigned as indefinite useful life are subject to annual tests of
impairment in line with accounting policy stated in these financial statements. Management
reviews the carrying value of goodwill arising on business acquisition and intangible assets
assigned as indefinite useful lifes to determine whether there has been any impairment. Refer
Note 4 for significant estimates involved in annual impairment evaluation and sensitives of the
carrying amount to those significant estimates.

Critical Judgements:

Deferred taxes

Deferred tax liabilities are recognized for all taxable temporary differences. Deferred tax assets are
recognized for all the deductible temporary differences, carry forward of unused tax credits and
unused tax losses, however the same is restricted to the extent of the deferred tax liabilities unless
it is probable that sufficient taxable profit will be available against which the deductible temporary
differences, and the carry forward of unused tax credits and unused tax losses can be utilised. In
the absence of reasonable certainty over recoverability of deferred taxes on carry forward losses
no deferred tax assets have been recognised as at the year end. Management will re-evaluate this
position at every year-end. Also refer Note 15.

[610200] Notes - Corporate information and statement of IndAs compliance

Unless otherwise specified, all monetary values are in Lakhs of INR
01/04/2018 01/04/2017
to to
31/03/2019 31/03/2018
Disclosure of corporate information notes and other explanatory information
[TextBlock]
Textual information (5) Textual information (6)
Statement of Ind AS compliance [TextBlock] [See below] [See below]
Whether there is any departure from Ind AS No No
Whether there are reclassifications to comparative amounts No No
Textual information (7)
Disclosure of significant accounting policies [TextBlock] [See below]

46
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

Textual information (5)

Statement of Ind AS compliance [Text Block]

Changes in accounting policies and disclosures

Ind AS 115 was issued on 28 March 2018 and supersedes Ind AS 11 Construction Contracts and Ind AS 18 Revenue and
it applies, with limited exceptions, to all revenue arising from contracts with its customers. Ind AS 115 establishes a
five-step model to account for revenue arising from contracts with customers and requires that revenue be recognised at
an amount that reflects the consideration to which an entity expects to be entitled in exchange for transferring goods or
services to a customer.

The Group has applied Ind AS 115 using full retrospective method of adoption.

On application of Ind AS 115, the Group has netted off certain incentives and payments to customers with the revenue
from contracts with customers. These incentives and payments to the customers were shown seperately as expense
under advertisement and sales promotion and compensatory fees respectively in the previous year under the erstwhile
standard Ind AS 18. Refer note 42 for the impact due to implementation of Ind AS 115.

There are no implication on the Group for other amendments and interpretations applicable for the Group for year end 31
March, 2019. The Group has not early adopted any standards or amendments that have been issued but are not yet
effective.

Standards issued but not yet effective

Following new standard and amendment to Ind AS have not been applied by the Group as they are effective for annual
periods beginning on or after 1 April 2019:

(i) Ind AS 116 - Leases

In March 2019, the Ministry of Corporate Affairs issued the Companies (Indian Accounting Standards) Amendment Rules,
2019, notifying Ind AS 116 ‘Leases’ (New Lease Standard), which replaces Ind AS 17 ‘Leases’. The core principle of the
new lease standard is that an entity should account for on a ‘right-of-use model’ i.e., lessees will have a single accounting
model for all leases, with two exemptions (low value assets and short-term leases). The model reflects that, at the
commencement date, a lessee has a financial obligation to make lease payments to the lessor for its right to use the
underlying asset during the lease term. The effective date for adoption of Ind AS 116 is financial periods beginning on or
after 1 April 2019.

Significant additional disclosures in relation to leases are also prescribed. The new lease standard also provides two broad
alternative transition options – Retrospective Method and Cumulative Effect Method – with certain practical expedients
available under the Retrospective Method. The Group is in the process of evaluating the impact of the new lease standard
on the present and future arrangements and shall determine the appropriate transition option once the said evaluation has
been completed.

(ii) The Companies (Indian Accounting Standards) Second Amendments Rules, 2019 introduces amendment of :

a) Ind AS 12 Income taxes to insert of Appendix C Uncertainty over income tax treatments : This appendix clarifies how to
apply the recognition and measurement requirements in Ind AS 12 when there is uncertainty over income tax treatments.

The standard permits the initial application either:

- Retrospectively applying Ind AS 8, if that is possible without the use of the hindsight; or

47
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

- Retrospectively with the cumulative effect of initially applying the Appendix recognised at the date of application. If the
entity selects this transition approach, it shall not restate comparative information. Instead, the entity shall recognise the
cumulative effect of initially applying the Appendix as an adjustment to the opening balance of retained earnings (or other
component of equity, as appropriate). The date of initial application is the beginning of the annual reporting period in which
an entity first applies this Appendix.

The notification amends Ind AS 12 and requires the Company to recognise the income tax consequences of dividends as
defined in Ind AS 109 when it recognises a liability to pay a dividend. The income tax consequences of dividends are
linked more directly to past transactions or events that generated distributable profits than to distribute to owners.
Therefore, an entity shall recognise the income tax consequences of dividends in profit or loss, other comprehensive
income or equity according to where the entity originally recognised those past transactions or events.

The effective date for adoption of amendments to Ind AS 12 is financial periods beginning on or after 1 April 2019.

There are no other standards that are not yet effective and that would be expected to have a material impact on the group
in the current or future reporting years and on a future forseseeable future transaction.

Textual information (6)

Statement of Ind AS compliance [Text Block]

(i) Compliance with Ind AS

The financial statements comply in all material aspects with Indian Accounting Standards (Ind AS) notified under Section 133 of the
Companies Act, 2013 (the Act), Companies (Indian Accounting Standards) Rules, 2015, Companies (Indian Accounting Standards)
Amendment Rules, 2016 issued by the Central Government in exercise of the powers conferred by Section 133 of the Companies Act, 2013
and other relevant provisions of the Act.
(ii) Historical cost convention
The financial statements have been prepared on a historical cost basis, except for the following:
a) Certain financial assets and liabilities measured at fair value
b) Defined benefit plans plan assets measured at fair value; and
c) Share-based payments is measured at fair value
Historical cost is generally based on the fair value of the consideration given in exchange for goods and services.

48
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

Textual information (7)

Disclosure of significant accounting policies [Text Block]

Quikr India Private Limited

Notes to consolidated financial statements as of and for the year ended 31 March 2019

Corporate Information

Quikr India Private Limited, a company incorporated in India, is a subsidiary of Quikr Mauritius
Holding Limited (QMHL). The Company has its registered office at 106 Sub No.5,6,7,8 and 9
Rachanhaelli Village, 167 SRK Nagar Post, Krishnarajuram Hobli, Bangalore, Karnataka 560045.

Quikr India Private Limited ("the Holding Company") and its subsidiaries (together referred to as
'the Group') and the Group's interest in associates are engaged in providing the service through its
platform. Refer note 30 for details.

The Group owns 'Quikr.com' website and mobile application (together the platform), which is a
classified advertising platform. The platform allows buyers and sellers of goods and services to
independently connect online. Quikr's classified platform allows any person (buyers or sellers) to
post free advertisements under different categories of goods and services such as real estate,
jobs, automobiles, electronics, education, home rental solutions etc. The Group also provides
advertisement space on its platform to customers on chargeable basis. Further, the Group
provides leads (customer referrals) to intended users of such leads. The Group also owns other
platforms namely "Commonfloor", "Grabhouse", "At Home Diva", " Zimmber", "Hiree" and
"Babajobs". The Company also offers on-demand in-home beauty and styling services from
trained and certified stylists, RTO related and handyman services.
The financial statements are approved for issue by the Company's Board of Directors 31 October
2019.

During the year ended 31 March 2019, Abhiman Technologies Private Limited, Cryptopy
Technologies Private Limited, Rejuvenate Solutions Private Limited, Glowprime Technologies
Private Limited and Baba Jobs Services Private Limited have been merged with Quikr India
Private Limited pursuant to a scheme of amalgamation (the 'scheme' or 'merger scheme')
approved by The National Company Law Tribunal, Bengaluru bench. Refer note 41 for details.

Significant accounting policies

Basis of preparation of financial statements

Compliance with Ind AS

The financial statements comply in all material aspects with Indian Accounting Standards (Ind AS)
notified under Section 133 of the Companies Act, 2013 (the Act), Companies (Indian Accounting
Standards) Rules, 2015, and other relevant provisions of the Act.

49
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

Historical cost convention

The financial statements have been prepared on a historical cost basis, except for the following:
a) Certain financial assets and liabilities measured at fair value
b) Defined benefit plans plan assets measured at fair value; and
c) Share-based compensation is measured at fair value

Historical cost is generally based on the fair value of the consideration given in exchange for
goods and services.

Current versus non-current classification

The Group presents assets and liabilities in balance sheet based on current/non-current
classification. An asset is treated as current when it is:

- Expected to be realised or intended to be sold or consumed in normal operating cycle

- Held primarily for the purpose of trading
- Expected to be realised within twelve months after the reporting period, or

- Cash or cash equivalent unless restricted from being exchanged or used to settle a liability for at
least twelve months after the reporting period

All other assets are classified as non current.

A liability is current when it is:

- Expected to be realised or intended to be sold or consumed in normal operating cycle

- It is held primarily for the purpose of trading
- It is due to be settled within twelve months after the reporting period, or
- There is no unconditional right to defer the settlement of the liability for at least twelve months
after the reporting period

The Group classifies all other liabilities as non-current.

The operating cycle is the time between the acquisition of assets for processing and their
realisation in cash and cash equivalents. The group has considered twelve months as its operating
cycle.

Principles of consolidation

Subsidiaries are all entities over which the group has control. The group controls an entity when
the group is exposed to, or has rights to, variable returns from its involvement with the entity and
has the ability to affect those returns through its power to direct the relevant activities of the entity.
Subsidiaries are fully consolidated from the date on which control is transferred to the group. They
are deconsolidated from the date that control ceases.

The acquisition method of accounting is used to account for business combinations by the group.
The group combines the financial statements of the parent and its subsidiaries line by line adding
together like items of assets, liabilities, equity, income and expenses. Intercompany transactions,
balances and unrealised gains on transactions between group companies are eliminated.

50
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

Unrealised losses are also eliminated unless the transaction provides evidence of an impairment
of the transferred asset. Accounting policies of subsidiaries have been changed where necessary

51
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

to ensure consistency with the policies adopted by the group. Non-controlling interests in the
results and equity of subsidiaries are shown separately in the consolidated statement of profit and
loss, consolidated statement of changes in equity and balance sheet respectively.

Foreign currency translation

(i) Functional and presentation currency

Items included in the financial statements of the Group are measured using the currency of the
primary economic environment in which the entity operates (the functional currency). The financial
statements are presented in Indian rupee (Rs.), which is functional and presentation currency of
the group.

(ii) Transactions and balances

Foreign currency transactions are translated into the functional currency using the exchange rates
at the dates of the transactions. Foreign exchange gains and losses resulting from the settlement
of such transactions and from the translation of monetary assets and liabilities denominated in
foreign currencies at year end exchange rates are recognised in profit or loss.

Revenue Recognition

Revenue is measured at the transaction price which is the amount of consideration the group is
entitled to receive in exchange for its services as per the contracts with customers. Amounts
disclosed as revenue are net of trade allowances, rebates and Goods and Services tax (GST) and
amounts collected on behalf of third parties.

The Group is a principal in the arrangements for advertisement, lead referral, business support
services, beauty services, RTO services and handyman services. The Group is acting as an agent
wherein the company earns commission from sale of goods or services on its platforms and
marketing and management service fee from home rental solutions.Revenue from the sale of
services is recognised when the Group performs its obligations to its customers as below:

Advertisement

Advertising revenues are derived principally from the sale of advertisement space on the group's
platforms. Advertising revenues are recognised as per the terms of the contract with customers
such as, when “impressions” (i.e., advertisement appears on the platform when viewed by users)
are delivered, or when “clicks” (which occurs as and when users click advertisements on the
group's platforms which redirects them to an advertiser’s designated website) are made.

The Group also has fixed-term advertisement contracts with its customers. Inputs required to
satisfy Group’s performance obligations are expended evenly over the term of contract and
therefore revenue from fixed-term advertisement contracts are recognised on a straight-line basis
over the term of the contract.

Lead referral fee

The Group earns referral fees from providing leads to customers. Lead referral fee is recognised at
the transaction price agreed in the contract as and when the leads are passed on to the
customers.

Commission

52
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

The Group earns commission on sale of goods or services on its platforms and also on services
provided as a broker in real estate transactions. Commission on is recognised upon delivery of
such goods or services to the buyers and commission on real estate transaction is recognised
when the services are provided to the customers as per the terms of the agreements.

Beauty services

The group provides beauty services to customers. Revenue from beauty services is recognised at
the transaction price as and when the services are performed.

Marketing and management service fee from home rental solutions

Group provides digitally-driven home rental solutions to its customers. The group acts as a
facilitator and , markets and promotes properties on its platform on behalf of the owners, assists
the owners and tenants in executing lease agreements, collects rent on behalf of owner on a
monthly basis and provides other ancillary services in connection with the lease of a property.
Service fee earned by the group from home rental solutions is recognised over the period of
contract and is recorded net of any applicable taxes as per the terms of contract with property
owners. The group assures a minimum monthly rent to the property owners and shortfall (if any) is
compensated by the group. Compensation paid by the group is presented net against Service Fee
and where the compensation exceeds the service fee, the same is disclosed as ‘Compensatory
fees’ under other expenses in the Statement of Profit and Loss.

Other services

The Group also provides RTO services (such as vehicle registrations, ownership transfers, driving
licenses etc.) and handyman services (such as carpenter, plumber, electricians, painting and
cleaning services). Revenue is recognised at the transaction price as and when the services are
performed. The Group also provides valuation and consultancy services and revenue from such
services are recognised when the services are rendered as per the terms of the contracts.

Contract balances and trade receivables

Trade receivables are amounts due from customers for sale of services performed in the ordinary
course of business. Contract assets are in the nature of unbilled receivables which arises when the
company satisfies a performance obligation but does not have an unconditional right to
consideration and are classified under ‘other current assets’. Where performance obligation is
completed but invoice is not raised, such receivables are presented as unbilled receivables under
other financial assets.

Where the Group has an obligation to transfer goods or services to a customer for which the
Group has received consideration from the customer, a contract liability is recognised as advance
from customers. Deferred revenue is recognised when the invoices are raised and service is yet to
be rendered. These are recognised as revenue when the Group satisfies its performance
obligations under the contract.

Tax on income

Income Tax

The income tax expense for the period is the tax payable on the current period's taxable income
based on the applicable income tax rate adjusted by changes in deferred tax assets and liabilities
attributable to temporary differences and to unused tax losses and depreciation.
Current income tax relating to items recognised outside profit or loss is recognised outside profit or

53
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

loss (either in other comprehensive income or in equity). Management periodically evaluates

positions taken in the tax returns with respect to situations in which applicable tax regulations are
subject to interpretation and establishes liabilities where appropriate, on the basis of amounts
expected to be paid to the tax authorities.

54
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

Current tax assets and Current tax liabilities are offset if a legally enforceable right exists and the
Group intends either to settle on a net basis or to realise the asset and settle the liability
simultaneously.

Deferred tax

Deferred tax is recognised on temporary differences between the tax bases of assets and liabilities
and their carrying amounts in financial statements at the reporting date. Deferred tax assets are
recognised for all deductible temporary differences and unused tax losses and unabsorbed
depreciation when it is probable that future taxable amounts will be available to utilise those
temporary differences, unused tax losses and unabsorbed depreciation.

The carrying amount of deferred tax assets is reviewed at each reporting date and reduced to the
extent that it is no longer probable that sufficient taxable profit will be available to allow all or part
of the deferred tax asset to be utilised. Unrecognised deferred tax assets are re-assessed at each
reporting date and are recognised to the extent that it has become probable that future taxable
profits will allow the deferred tax asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the
year when the asset is realised or the liability is settled, based on tax rates (and tax laws) that
have been enacted or substantively enacted at the reporting date.
Deferred tax relating to items recognised outside profit or loss is recognised outside profit or loss
(either in other comprehensive income or in equity).
Deferred tax assets and deferred tax liabilities are offset if a legally enforceable right exists to set
off current tax assets against current tax liabilities.

Leases

A lease is classified at the inception date as a finance lease or an operating lease. A lease that
transfers substantially all the risks and rewards incidental to the ownership to the Group is
classified as a finance lease. All other lease arrangements are classified as operating lease.

The determination of whether an arrangement is (or contains) a lease is based on the substance of
the arrangement at the inception of the lease. The arrangement is, or contains, a lease if fulfilment
of the arrangement is dependent on the use of a specific asset or assets and the arrangement
conveys a right to use the asset or assets, even if that right is not explicitly specified in an
arrangement.

As a Lessee

Leases of property, plant and equipment where the Group, as lessee, has substantially all the risks
and rewards of ownership are classified as finance leases. Finance leases are capitalised at the
lease's inception at the fair value of the leased property or, if lower, the present value of the
minimum lease payments. The corresponding rental obligations, net of finance charges are
included in borrowings or other financial liabilities as appropriate. Each lease payment is allocated
between the liability and finance cost. The finance cost is charged to the profit or loss over the
lease period so as to produce a constant periodic rate of interest on the remaining balance of the
liability for each period.

Leases in which a significant portion of risks and rewards of ownership are not transferred to the
Group as lessee are classified as operating leases. Payments made under operating leases (net of
any incentives received from lessor) are charged to profit or loss on a straight-line basis over the
period of the lease unless the payments are structured to increase in line with expected general
inflation to compensate for the lessor's expected inflationary cost increases.

As a Lessor

55
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

Lease income (including for those sub-let) from operating lease where the Group is a lessor is
recognised in income on a straight line basis over the lease term.

Borrowings

Borrowings are initially recognised at fair value, net of transaction costs incurred. Borrowings are
subsequently measured at amortised cost. Any difference between the proceeds (net of
transaction costs) and the redemption amount is recognised in profit or loss over the period of the
borrowings using the effective interest method.
Borrowings are removed from the balance sheet when the obligation specified in the contract is
discharged, cancelled or expired. The difference between the carrying amount of a financial liability
that has been extinguished or transferred to another party and the consideration paid, including
any non-cash assets transferred or liabilities assumed, is recognised in profit or loss as other
income or finance costs.

Borrowing cost

Borrowing costs directly attributable to the acquisition, construction or production of an asset that
necessarily takes a substantial period of time to get ready for its intended use or sale are
capitalised as part of the cost of the asset. All other borrowing costs are expensed in the period in
which they occur. Borrowing costs consist of interest and other costs that an entity incurs in
connection with the borrowing of funds. Borrowing cost also includes exchange differences to the
extent regarded as an adjustment to the borrowing costs.

Property, Plant and Equipment

All items of property, plant and equipment are stated at historical cost less depreciation and
impairment. Historical cost includes expenditures that are directly attributable to the acquisition of
the items.

Subsequently costs are included in the assets carrying amount or recognised as a separate asset
as appropriate, only when it is probable that future economic benefits associated with the item will
flow to the company and the cost of the item can be measured reliably. The carrying amount of
any component accounted for as a separate asset is derecognised when replaced. All other
repairs and maintenance are charged to statement of profit or loss during the reporting period in
which they are incurred.

Depreciation methods, estimated useful lives

Depreciation is calculated on a straight-line basis over the estimated useful lives of the assets, as
follows:

Useful life as
per
Asset
management
(In Years)

Lower of lease
term or
Leasehold improvements management's
expected
useful life

56
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

Plant and Machinery 15

Office Equipment 5

Furniture and Fittings 5-10

Computer - Server and networking equipment 6

Computer - Desktop and Laptop 3

The useful lives have been determined based on technical evaluation done by the management's
expert which in certain instances are different from those specified by Schedule II to the
Companies Act, 2013, in order to reflect the actual usage of the assets. The assets residual values
and useful life are reviewed, and adjusted if appropriate, at the end of each reporting period. An
asset's carrying amount is written down immediately to its recoverable amount if the asset's
carrying amount is greater than its estimated recoverable amount.

Disposals

Gains and losses on disposals are determined by comparing proceeds with the net carrying
amounts. These are accounted in the statement of profit and loss within other income/ other
expenses.

Intangible assets

Goodwill

Goodwill on acquisitions of business is included in intangible assets. Goodwill is not amortised but
it is tested for impairment annually, or more frequently if events or changes in circumstances
indicate that it might be impaired, and is carried at cost less accumulated impairment losses. Gains
and losses on the disposal of a business include the carrying amount of goodwill relating to the
business sold.

Goodwill is allocated to cash-generating units for the purpose of impairment testing. The allocation
is made to those cash-generating units or groups of cash-generating units that are expected to
benefit from the business combination in which the goodwill arose. The units or groups of units are
identified at the lowest level at which goodwill is monitored for internal management purposes.

Tradename, brand- right to use and database

Tradename, brand- right to use and database rights acquired are carried at cost less accumulated
amortisation and impairment losses, if any.

Computer software, Website, Mobile applications and others

Costs associated with maintaining software programmes and other intangible assets are
recognised as an expense as incurred. Development costs that are directly attributable to the

57
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

design and testing of identifiable and unique software products controlled by the Group are
recognised as intangible assets when the following criteria are met:
- it is technically feasible to complete the software so that it will be available for use
- management intends to complete the software and use or sell it
- there is an ability to use or sell the software
- it can be demonstrated how the software will generate probable future economic benefits
- adequate technical, financial and other resources to complete the development and to use or sell
the software are available, and
- the expenditure attributable to the software during its development can be reliably measured.

Directly attributable costs that are capitalised as part of the software include employee costs and
an appropriate portion of relevant overheads. Capitalised development costs are recorded as
intangible assets and amortised from the point at which the asset is available for use.

58
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

Research and development expenditure that do not meet the criteria for capitalisation as noted
above are recognised as an expenses as incurred. Development costs previously recognised as
an expenses are not recognised as an asset in the subsequent period.

Amortisation methods and periods

The group amortises intangible assets with a finite useful life using the straight-line method over
the following periods:

Life in
Asset
Years

Trade name and database 3

Computer software 2.5 - 5

Website 3-5

Mobile application 3-5

Brand- Right to use Indefinite

Intellectual property rights 3

Expenses incurred in case of internally generated mobile application including development

expenses that are not expected to generate economic benefits beyond one year are charged off
fully in the year in which such costs are incurred.

Impairment of non-financial assets

Goodwill is not subject to amortisation and are tested annually for impairment, or more frequently if
events or changes in circumstances indicate that they might be impaired. Other assets are tested
for impairment whenever events or changes in circumstances indicate that the carrying amount
may not be recoverable. An impairment loss is recognised for the amount by which the asset's
carrying amount exceeds its recoverable amount. The recoverable amount is the higher of an
asset's fair value less costs of disposal and value in use. For the purposes of assessing
impairment, assets are grouped at the lowest levels for which there are separately identifiable cash
inflows which are largely independent of the cash inflows from other assets or group of assets
(cash-generating units). Non-financial assets other than goodwill that suffered an impairment are
reviewed for possible reversal of the impairment at the end of each reporting period.

Business combinations

The acquisition method of accounting is used to account for all business combinations, regardless
of whether equity instruments or other assets are acquired. The consideration transferred for the
acquisition of a subsidiary comprises the

- fair values of the assets transferred

- liabilities incurred to the former owners of the acquired business
- equity interests issued by the group
- fair value of any asset or liability resulting from a contingent consideration arrangement, and
- fair value of any pre-existing equity interest in the subsidiary

59
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

Identifiable assets acquired and liabilities and contingent liabilities assumed in a business
combination are, with limited exceptions, measured initially at their fair values at the acquisition
date. The group recognises any non-controlling interest in the acquired entity on an
acquisition-by-acquisition basis either at fair value or at the non-controlling interest’s proportionate
share of the acquired entity’s net identifiable assets.
Acquisition-related costs are expensed as incurred.

The excess of the

- consideration transferred,
- amount of any non-controlling interest in the acquired entity, and
- acquisition-date fair value of any previous equity interest in the acquired entity
over the fair value of the net identifiable assets acquired is recorded as goodwill. If those amounts
are less than the fair value of the net identifiable assets of the subsidiary acquired, the difference is
recognised directly in equity as capital reserve.

Trade payable

These amounts represent liabilities for goods and services provided to the group prior to the end of
the financial year which are unpaid. The amounts are unsecured. Trade payables are presented as
current liabilities unless payment is not due within 12 months after the reporting period. They are
recognised initially at their fair value and subsequently measured at amortised cost using effective
interest rate method.

Investments and other financial assets

(i) Classification

The Group classifies its financial assets in the following measurement categories:
a) those to be measured subsequently at fair value (either through other comprehensive income,
or through profit or loss), and
b) those measured at amortised cost.
The classification depends on the entity's business model for managing financial assets and the
contractual terms of the cash flows.

For assets measured at fair value, gains and losses have been recorded in profit or loss or other
comprehensive income.

The Group reclassifies debt investments when and only when its business model for managing
those assets changes.

(ii) Measurement

At initial recognition, the Group measures a financial asset at its fair value plus, in the case of a
financial asset not at fair value through profit or loss, transaction costs that are directly attributable
to the acquisition of the financial asset. Transaction costs of financial assets carried at fair value
through profit or loss are expensed in profit or loss.

Fair value is the price that would be received to sell an asset or paid to transfer a liability in an
orderly transaction between market participants at the measurement date, regardless of whether
that price is directly observable or estimated using another valuation technique. In estimating the
fair value of an asset or a liability, the Group takes into account the characteristics of the asset or
liability if market participants would take those characteristics into account when pricing the asset
or liability at the measurement date.

In addition, for financial reporting purposes, fair value measurements are categorised into Level 1,
2, or 3 based on the degree to which the inputs to the fair value measurements are observable

60
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

and the significance of the inputs to the fair value measurement in its entirety, which are described
as follows:
• Level 1 inputs are quoted prices (unadjusted) in active markets for identical assets or liabilities
that the entity can access at the measurement date;

61
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

• Level 2 inputs are inputs, other than quoted prices included within Level 1, that are observable
for the asset or liability, either directly or indirectly; and
• Level 3 inputs are unobservable inputs for the asset or liability.

Debt instruments
Subsequent measurement of debt instruments depends on the group's business model for
managing the asset and the cash flow characteristics of the asset. There are three measurement
categories into which the group classifies its debt instruments:

Amortised cost: Assets that are held for collection of contractual cash flows where those cash
flows represent solely payments of principal and interest are measured at amortised cost. A gain
or loss on a debt investment that is subsequently measured at amortised cost and is not part of a
hedging relationship is recognised in profit or loss when the asset is derecognised or impaired.
Interest income from these financial assets is included in finance income using the effective
interest rate method.

Fair value through other comprehensive income (FVOCI) : Assets that are held for collection of
contractual cash flow and for selling the financial assets, where the assets cash flows represents
solely payments of principal and interest, are measured at FVOCI. Movements in the carrying
amount are taken through OCI, except for the recognition of impairment gains or losses, interest
revenue and foreign exchange gains and losses which are recognised in profit and loss. When the
financial asset is derecognised, the cumulative gain or loss previously recognised in OCI is
reclassified from equity to profit or loss and recognised in other gains/ (losses). Interest income
from these financial assets is included in other income using the effective interest rate method.

Fair value through profit or loss (FVTPL) : Assets that do not meet the criteria for amortised cost or
FVOCI are measured at fair value through profit or loss. A gain or loss on a debt investment that is
subsequently measured at fair value through profit or loss and is not part of a hedging relationship
is recognised in profit or loss and presented net in the statement of profit and loss within other
gains/(losses) in the period in which it arises. Interest income from these financial assets is
included in other income.

Equity instruments
The Group subsequently measures all equity investments at fair value. Where the Group elected
to present fair value gains and losses on equity investments in other comprehensive income, there
is no subsequent reclassification of fair value gains and losses to profit or loss. Dividends from
such investments are recognised in profit or loss as other income when the group's right to receive
payments is established.

Changes in the fair value of financial assets at fair value through profit or loss are recognised in
other gain/(losses) in the statement of profit and loss. Impairment losses (and reversal of
impairment losses) on equity investments measured at FVOCI are not reported separately from
other changes in fair value.

(iii) Impairment of financial assets

The Group assesses on a forward looking basis the expected credit losses associated with its
financial assets carried at amortised cost. The impairment methodology applied depends on
whether there has been a significant increase in credit risk.

For trade receivables only, the group applies the simplified approach permitted by Ind AS 109
Financial Instruments, which requires expected lifetime credit losses to be recognised on initial
recognition of the trade receivables.

(iv) Derecognition of financial assets

A financial asset is derecognised only when

a. The group has transferred the rights to receive cash flows from the financial asset or
b. retains the contractual rights to receive the cash flows of the financial asset, but assumes a
contractual obligation to pay the cash flows to one or more recipients.

Where the entity has transferred a financial asset, the group evaluates whether it has transferred
substantially all risks and rewards of ownership of the financial asset. In such cases, the financial

62
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

asset is derecognised. Where the entity has not transferred substantially all risks and rewards of
ownership of the financial asset, the financial asset is not derecognised.

Where the entity has neither transferred a financial asset nor retains substantially all risks and
rewards of ownership of the financial asset, the financial asset is derecognised if the group has not

63
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

retained control of the financial asset. Where the group retains control of the financial asset, the
financial asset is continued to be recognised to the extent of continuing involvement in the financial
asset.

(v) Income recognition

Interest income
Interest income from debt instruments is recognised using the effective interest rate method. The
effective interest rate is the rate that exactly discounts estimated future cash receipts through the
expected life of the financial asset to the gross carrying amount of a financial asset. When
calculating the effective interest rate, the group estimates the expected cash flows by considering
all the contractual terms of the financial instrument (for example, prepayment, extension, call and
similar options) but does not consider the expected credit losses.

Dividends
Dividends are recognised in profit or loss only when the right to receive payment is established, it
is probable that the economic benefits associated with the dividend will flow to the group, and the
amount of the dividend can be measured reliably.

(vi) Offsetting of financial instruments

Financial assets and financial liabilities are offset and the net amount is reported in the balance
sheet if there is an enforceable legal right to offset the recognised amounts and there is an
intention to settle on a net basis to realise the assets and settle the liabilities simultaneously. The
legally enforceable right must not be contingent on future events and must be enforceable in the
normal course of business and in the event of default, insolvency or bankruptcy of the Group or
the counterparty.

Cash and cash equivalents

For the purpose of presentation in the statement of cash flows, cash and cash equivalents includes
cash on hand, deposits held at call with banks or financial institutions, other short-term, highly
liquid investments with original maturities of three months or less that are readily convertible to
known amounts of cash and which are subject to an insignificant risk of changes in value, and
bank overdrafts. Bank overdrafts are disclosed within borrowings in current liabilities in the balance
sheet.

Employee benefits

Short-term obligations

Liabilities for wages and salaries, including non-monetary benefits that are expected to be settled
wholly within 12 months after the end of the period in which the employees render the related
service are recognised in respect of employees' services up to the end of the reporting period and
are measured at the amounts expected to be paid when the liabilities are settled. The liabilities are
presented as current financial liabilities in the balance sheet.

Other long-term employee benefit obligations

The liabilities for leave balance are not expected to be settled wholly within 12 months after the
end of the period in which the employees render the related service. They are therefore measured
as the present value of expected future payments to be made in respect of services provided by
employees up to the end of the reporting period using the projected unit credit method. The
benefits are discounted using the market yields on government bonds at the end of the reporting
period that have terms approximating to the terms of the related obligation. Remeasurements as a
result of experience adjustments and changes in actuarial assumptions are recognised in profit or

64
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

loss.

65
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

The obligations are presented as current liabilities in the balance sheet if the entity does not have
an unconditional right to defer settlement for at least twelve months after the reporting period,
regardless of when the actual settlement is expected to occur.

Post-employment obligations

The Group operates the following post-employment schemes:

(a) defined benefit plans - gratuity, and
(b) defined contribution plans such as provident fund.

Gratuity obligations

The liability or asset recognised in the balance sheet in respect of defined benefit gratuity plan is
the present value of the defined benefit obligation at the end of the reporting period less the fair
value of plan assets. The defined benefit obligation is calculated annually by an independent
actuary using the projected unit credit method.

The present value of the defined benefit obligation is determined by discounting the estimated
future cash outflows by reference to market yields at the end of the reporting period on
government bonds that have term approximating the term of the related obligation. The net interest
cost is calculated by applying the discount rate to the net balance of the defined benefit obligation
and the fair value of plan assets.

Remeasurement gains and losses arising from experience adjustments and changes in actuarial
assumptions are recognised in the period in which they occur, directly in other comprehensive
income. They are included in retained earnings in the statement of changes in equity and in the
balance sheet. Such accumulated re-measurement balances are never reclassified into the
statement of profit and loss subsequently.

Changes in the present value of the defined benefit obligation resulting from plan amendments or
curtailments are recognised immediately in profit or loss as past service costs.

Defined contribution plan

The Group pays provident fund contributions to publicly administered provident funds as per
applicable regulations. The Group has no further payment obligations once the contributions have
been paid. The contributions are accounted for as defined contribution plans and the contributions
are recognised as employee benefit expense when they are due.

Share-based payments

Share based compensation benefits are provided to certain employees of the group by Quikr
Mauritius Holding Limited (the holding company) in the form of employee option plan (equity
settled transaction) (the QMHL ESOP Plan). The stock options vest over a period of 4 years. The
fair value of options granted under the QMHL ESOP plan is recognised as an employee benefits
expense with a corresponding increase in equity. The total amount to be expensed is determined
by reference to the fair value of the options granted on the date of such grants.

The total expense is recognised over the vesting period (in graded manner treating each tranch as
a separate grant), which is the period over which all of the specified vesting conditions are to be
satisfied. At the end of each period, the entity revises its estimates of the number of options that

66
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

are expected to vest based on the non-market vesting and service conditions. It recognises the
impact of the revision to original estimates, if any, in profit or loss, with a corresponding adjustment
to equity.

Provisions and contingent liability

Provision

Provisions are recognised when the group has a present obligation (legal or constructive) as a
result of a past event, it is probable that an outflow of resources embodying economic benefits will
be required to settle the obligation and a reliable estimate can be made of the amount of the
obligation. The amount recognised as a provision is the best estimate of the consideration required
to settle the present obligation at the end of the reporting period, taking into account the risks and
uncertainties surrounding the obligation. The expense relating to a provision is presented in the
statement of profit and loss net of any reimbursement.

If the effect of the time value of money is material, provisions are discounted using a current
pre-tax rate that reflects, when appropriate, the risks specific to the liability. When discounting is
used, the increase in the provision due to the passage of time is recognised as a finance cost.

Contingent liability

Contingent liability exists when there is possible obligation arising from past events, the existence
of which will be confirmed only by the occurrence or non-occurrence of one or more uncertain
future events not wholly within the control of the Group, or a present obligation that arises from
past events where it is either not probable that an outflow of resources will be required or the
amount cannot be reliably estimated. Contingent liabilities are appropriately disclosed unless the
possibility of an outflow of resources embodying economic benefits is remote.

Segment reporting

Operating segments are reported in a manner consistent with the internal reporting provided to the
chief operating decision maker (CODM). The Chief Executive Officer (CEO) of the Company is
identified as CODM who evaluates the performance of the Company based on the single operating
segment for the purpose of allocation of resources and evaluating financial performance.

Earnings Per Share

Basic earnings per share

Basic earnings per share is calculated by dividing the profit attributable to owners of the parent
company by the weighted average number of equity shares outstanding during the financial year.
Diluted earnings per share
Diluted earnings per share adjusts the figures used in the determination of basic earnings per
share to take into account:
- the after income tax effect of interest and other financing costs associated with dilutive potential
equity shares, and
- the weighted average number of additional equity shares that would have been outstanding
assuming the conversion of all dilutive potential equity shares.

Compulsory Convertible Debentures

Compulsory Convertible Debentures meets Ind AS 32 criteria for fixed to fixed classification.
Hence they are classified as equity instruments for reporting.

67
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

Equity Share Capital

Equity shares are classified as equity. Incremental costs directly attributable to the issue of new
shares are showin in equity as deduction, net of tax, from the proceeds.

Events after the reporting date

Adjusting events are events that provide further evidence of conditions that existed at the end of
the reporting period. The financial statements are adjusted for such events before authorisation for
issue. Non-adjusting events are events that are indicative of conditions that arose after the end of
the reporting period. Non-adjusting events after the reporting date are not accounted, but
disclosed.

Rouding off amounts

All amounts disclosed in the financial statements and notes have been rounded off to the nearest
lakhs as per the requirement of Schedule III (Division II) to the Companies Act, 2013, unless
otherwise stated. The Sign '0' in these Ind AS financial statements indicates that the amounts
involved are below Rs. fifty thousand and the sign '-' indicates that amounts are nil.

Changes in accounting policies and disclosures

Ind AS 115 was issued on 28 March 2018 and supersedes Ind AS 11 Construction Contracts and
Ind AS 18 Revenue and it applies, with limited exceptions, to all revenue arising from contracts
with its customers. Ind AS 115 establishes a five-step model to account for revenue arising from
contracts with customers and requires that revenue be recognised at an amount that reflects the
consideration to which an entity expects to be entitled in exchange for transferring goods or
services to a customer.

The Group has applied Ind AS 115 using full retrospective method of adoption.

On application of Ind AS 115, the Group has netted off certain incentives and payments to
customers with the revenue from contracts with customers. These incentives and payments to the
customers were shown seperately as expense under advertisement and sales promotion and
compensatory fees respectively in the previous year under the erstwhile standard Ind AS 18. Refer
note 42 for the impact due to implementation of Ind AS 115.

There are no implication on the Group for other amendments and interpretations applicable for the
Group for year end 31 March, 2019. The Group has not early adopted any standards or
amendments that have been issued but are not yet effective.

Standards issued but not yet effective

Following new standard and amendment to Ind AS have not been applied by the Group as they
are effective for annual periods beginning on or after 1 April 2019:

68
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

(i) Ind AS 116 - Leases

In March 2019, the Ministry of Corporate Affairs issued the Companies (Indian Accounting
Standards) Amendment Rules, 2019, notifying Ind AS 116 ‘Leases’ (New Lease Standard), which
replaces Ind AS 17 ‘Leases’. The core principle of the new lease standard is that an entity
should account for on a ‘right-of-use model’ i.e., lessees will have a single accounting model for all
leases, with two exemptions (low value assets and short-term leases). The model reflects that, at
the commencement date, a lessee has a financial obligation to make lease payments to the lessor
for its right to use the underlying asset during the lease term. The effective date for adoption of Ind
AS 116 is financial periods beginning on or after 1 April 2019.

Significant additional disclosures in relation to leases are also prescribed. The new lease standard
also provides two broad alternative transition options – Retrospective Method and Cumulative
Effect Method – with certain practical expedients available under the Retrospective Method. The
Group is in the process of evaluating the impact of the new lease standard on the present and
future arrangements and shall determine the appropriate transition option once the said evaluation
has been completed.

(ii) The Companies (Indian Accounting Standards) Second Amendments Rules, 2019 introduces
amendment of :

a) Ind AS 12 Income taxes to insert of Appendix C Uncertainty over income tax treatments : This
appendix clarifies how to apply the recognition and measurement requirements in Ind AS 12 when
there is uncertainty over income tax treatments.

The standard permits the initial application either:

- Retrospectively applying Ind AS 8, if that is possible without the use of the hindsight; or

- Retrospectively with the cumulative effect of initially applying the Appendix recognised at the date
of application. If the entity selects this transition approach, it shall not restate comparative
information. Instead, the entity shall recognise the cumulative effect of initially applying the
Appendix as an adjustment to the opening balance of retained earnings (or other component of
equity, as appropriate). The date of initial application is the beginning of the annual reporting
period in which an entity first applies this Appendix.

The notification amends Ind AS 12 and requires the Company to recognise the income tax
consequences of dividends as defined in Ind AS 109 when it recognises a liability to pay a
dividend. The income tax consequences of dividends are linked more directly to past transactions
or events that generated distributable profits than to distribute to owners. Therefore, an entity shall
recognise the income tax consequences of dividends in profit or loss, other comprehensive income
or equity according to where the entity originally recognised those past transactions or events.

The effective date for adoption of amendments to Ind AS 12 is financial periods beginning on or
after 1 April 2019.

There are no other standards that are not yet effective and that would be expected to have a
material impact on the group in the current or future reporting years and on a future forseseeable
future transaction.

Critical estimates and judgements

The preparation of the financial statements requires management to make judgements, estimates
and assumptions that affect the reported amounts of revenues, expenses, assets and liabilities,
and the accompanying disclosures, and the disclosure of contingent liabilities. Uncertainty about
these assumptions and estimates could result in outcomes that require a material adjustment to
the carrying amount of asset or liability affected in future periods. The areas involving significant
estimates or critical judgements are:

69
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

Significant estimates:

Defined benefit plans

The cost of the defined benefit gratuity plan and other post-employment benefit and the present
value of the gratuity obligation are determined using actuarial valuations. An actuarial valuation
involves making various assumptions that may differ from actual developments in the future. these
include the determination of the discount rate and future salary increases. Due to complexities
involved in the valuation and its long term nature, a defined benefit obligation is highly sensitive to
changes in these assumptions. All assumptions are reviewed at each reporting date.
The parameter most subject to change is the discount rate. The mortality rate is based on publicly
available mortality table in India. The mortality tables tend to change only at interval in response to
demographic changes. Further salary increases and gratuity increases are based on expected
future inflation rates. Further details about the gratuity obligations are given in Note 29.

Goodwill and intangible asset with indefinite life

Goodwill and intangible assets assigned as indefinite useful life are subject to annual tests of
impairment in line with accounting policy stated in these financial statements. Management
reviews the carrying value of goodwill arising on business acquisition and intangible assets
assigned as indefinite useful lifes to determine whether there has been any impairment. Refer
Note 4 for significant estimates involved in annual impairment evaluation and sensitives of the
carrying amount to those significant estimates.

Critical Judgements:

Deferred taxes

Deferred tax liabilities are recognized for all taxable temporary differences. Deferred tax assets are
recognized for all the deductible temporary differences, carry forward of unused tax credits and
unused tax losses, however the same is restricted to the extent of the deferred tax liabilities unless
it is probable that sufficient taxable profit will be available against which the deductible temporary
differences, and the carry forward of unused tax credits and unused tax losses can be utilised. In
the absence of reasonable certainty over recoverability of deferred taxes on carry forward losses
no deferred tax assets have been recognised as at the year end. Management will re-evaluate this
position at every year-end. Also refer Note 15.

[610300] Notes - Accounting policies, changes in accounting estimates and errors

Unless otherwise specified, all monetary values are in Lakhs of INR
01/04/2018 01/04/2017
to to
31/03/2019 31/03/2018
Disclosure of changes in accounting policies, accounting estimates and errors
[TextBlock]
Disclosure of initial application of standards or interpretations
[TextBlock]
Whether initial application of an Ind AS has an effect on the
No No
current period or any prior period
Disclosure of voluntary change in accounting policy [TextBlock]
Whether there is any voluntary change in accounting policy No No
Disclosure of changes in accounting estimates [TextBlock]
Whether there are changes in acounting estimates during the year No No

70
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

[400600] Notes - Property, plant and equipment

Disclosure of additional information about property plant and equipment [Table] ..(1)
Unless otherwise specified, all monetary values are in Lakhs of INR
Property, plant and equipment
Classes of property, plant and equipment [Axis] Plant and equipment [Member]
[Member]
Sub classes of property, plant and equipment [Axis] Owned and leased assets [Member] Owned assets [Member]
01/04/2018 01/04/2017 01/04/2018 01/04/2017
to to to to
31/03/2019 31/03/2018 31/03/2019 31/03/2018
Disclosure of additional information about
property plant and equipment [Abstract]
Disclosure of additional information about
property plant and equipment [Line items]
Measurement bases, property, plant and equipment
Depreciation method, property, plant and
equipment
Useful lives or depreciation rates, property,
plant and equipment
Whether property, plant and equipment are
No No
stated at revalued amount

Disclosure of additional information about property plant and equipment [Table] ..(2)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of property, plant and equipment [Axis] Other plant and equipment [Member] Furniture and fixtures [Member]
Sub classes of property, plant and equipment [Axis] Owned assets [Member] Owned assets [Member]
01/04/2018 01/04/2017 01/04/2018 01/04/2017
to to to to
31/03/2019 31/03/2018 31/03/2019 31/03/2018
Disclosure of additional information about
property plant and equipment [Abstract]
Disclosure of additional information about
property plant and equipment [Line items]
Textual information Textual information Textual information Textual information
Measurement bases, property, plant and equipment (8) [See below] (9) [See below] (10) [See below] (11) [See below]
Depreciation is Depreciation is Depreciation is Depreciation is
calculated on a calculated on a calculated on a calculated on a
Depreciation method, property, plant and straight-line basis straight-line basis straight-line basis straight-line basis
equipment over the estimated over the estimated over the estimated over the estimated
useful lives of the useful lives of the useful lives of the useful lives of the
asset asset asset asset
Useful lives or depreciation rates, property,
15 years 15 years 5-10 years 5-10 years
plant and equipment
Whether property, plant and equipment are
No No No No
stated at revalued amount

71
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

Disclosure of additional information about property plant and equipment [Table] ..(3)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of property, plant and equipment [Axis] Office equipment [Member] Computer equipments [Member]
Sub classes of property, plant and equipment [Axis] Owned assets [Member] Owned assets [Member]
01/04/2018 01/04/2017 01/04/2018 01/04/2017
to to to to
31/03/2019 31/03/2018 31/03/2019 31/03/2018
Disclosure of additional information about
property plant and equipment [Abstract]
Disclosure of additional information about
property plant and equipment [Line items]
Textual information Textual information Textual information Textual information
Measurement bases, property, plant and equipment (12) [See below] (13) [See below] (14) [See below] (15) [See below]
Depreciation is Depreciation is Depreciation is Depreciation is
calculated on a calculated on a calculated on a calculated on a
Depreciation method, property, plant and straight-line basis straight-line basis straight-line basis straight-line basis
equipment over the estimated over the estimated over the estimated over the estimated
useful lives of the useful lives of the useful lives of the useful lives of the
asset asset asset asset
Computer - Server
Computer - Server
and networking
and networking
Useful lives or depreciation rates, property, equipment - 6 years
5 years 5 years equipment - 6 years
plant and equipment Computer -
Computer - Desktop
Desktop and Laptop
and Laptop - 3 years
- 3 years
Whether property, plant and equipment are
No No No No
stated at revalued amount

Disclosure of additional information about property plant and equipment [Table] ..(4)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of property, plant and equipment [Axis] Leasehold improvements [Member]
Sub classes of property, plant and equipment [Axis] Assets held under lease [Member]
01/04/2018 01/04/2017
to to
31/03/2019 31/03/2018
Disclosure of additional information about property plant and equipment [Abstract]
Disclosure of additional information about property plant and equipment [Line items]
Textual information Textual information
Measurement bases, property, plant and equipment (16) [See below] (17) [See below]
Depreciation is Depreciation is
calculated on a calculated on a
straight-line basis straight-line basis
Depreciation method, property, plant and equipment over the estimated over the estimated
useful lives of the useful lives of the
asset asset
Lower of lease term Lower of lease term
Useful lives or depreciation rates, property, plant and equipment or management's or management's
expected useful life expected useful life
Whether property, plant and equipment are stated at revalued amount No No

72
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

Disclosure of detailed information about property, plant and equipment [Table] ..(1)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of property, plant and equipment [Axis] Property, plant and equipment [Member]
Sub classes of property, plant and equipment [Axis] Owned and leased assets [Member]
Carrying amount accumulated depreciation and gross carrying Gross carrying
Carrying amount [Member]
amount [Axis] amount [Member]
01/04/2018 01/04/2017 01/04/2018
to to 31/03/2017 to
31/03/2019 31/03/2018 31/03/2019
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 130 151 130
equipment
Acquisitions through business
combinations, property, plant and 0 187 0
equipment
Increase (decrease) through net
exchange differences, property, 0 0 0
plant and equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
-804 -1,220
loss
Depreciation recognised as part of
0 0
cost of other assets
Total Depreciation property plant and
-804 -1,220
equipment
Impairment loss recognised in profit
or loss, property, plant and 0 0
equipment
Reversal of impairment loss
recognised in profit or loss, 0 0
property, plant and equipment
Revaluation increase (decrease),
0 0 0
property, plant and equipment
Impairment loss recognised in other
comprehensive income, property, plant and 0 0
equipment
Reversal of impairment loss recognised
in other comprehensive income, property, 0 0
plant and equipment
Increase (decrease) through transfers and
other changes, property, plant and
equipment [Abstract]
Increase (decrease) through
transfers, property, plant and 0 80 0
equipment
Increase (decrease) through other
changes, property, plant and 0 -197 0
equipment
Total increase (decrease) through
transfers and other changes, property, 0 -117 0
plant and equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
0 101 76
equipment
Retirements, property, plant and
0 0 0
equipment
Total disposals and retirements,
0 101 76
property, plant and equipment
Decrease through classified as held
for sale, property, plant and 0 0 0
equipment
Decrease through loss of control of
subsidiary, property, plant and 0 0 0
equipment

73
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

Total increase (decrease) in property,

-674 -1,100 54
plant and equipment
Property, plant and equipment at end of
1,623 2,297 3,397 5,556
period

74
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

Disclosure of detailed information about property, plant and equipment [Table] ..(2)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of property, plant and equipment [Axis] Property, plant and equipment [Member]
Sub classes of property, plant and equipment [Axis] Owned and leased assets [Member]
Carrying amount accumulated depreciation and gross carrying Accumulated depreciation and
Gross carrying amount [Member]
amount [Axis] impairment [Member]
01/04/2017 01/04/2018 01/04/2017
to 31/03/2017 to to
31/03/2018 31/03/2019 31/03/2018
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 151
equipment
Acquisitions through business
combinations, property, plant and 187
equipment
Increase (decrease) through net
exchange differences, property, 0
plant and equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
804 1,220
loss
Depreciation recognised as part of
0 0
cost of other assets
Total Depreciation property plant and
804 1,220
equipment
Impairment loss recognised in profit
or loss, property, plant and 0 0
equipment
Reversal of impairment loss
recognised in profit or loss, 0 0
property, plant and equipment
Revaluation increase (decrease),
0
property, plant and equipment
Impairment loss recognised in other
comprehensive income, property, plant and 0 0
equipment
Reversal of impairment loss recognised
in other comprehensive income, property, 0 0
plant and equipment
Increase (decrease) through transfers and
other changes, property, plant and
equipment [Abstract]
Increase (decrease) through
transfers, property, plant and 80
equipment
Increase (decrease) through other
changes, property, plant and 0 0 197
equipment
Total increase (decrease) through
transfers and other changes, property, 80 0 197
plant and equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
373 76 272
equipment
Retirements, property, plant and
0
equipment
Total disposals and retirements,
373 76 272
property, plant and equipment
Decrease through classified as held
for sale, property, plant and 0 0 0
equipment
Decrease through loss of control of
subsidiary, property, plant and 0 0 0
equipment

75
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

Total increase (decrease) in property,

45 728 1,145
plant and equipment
Property, plant and equipment at end of
5,502 5,457 3,933 3,205
period

76
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

Disclosure of detailed information about property, plant and equipment [Table] ..(3)
Unless otherwise specified, all monetary values are in Lakhs of INR
Property, plant
Classes of property, plant and equipment [Axis] and equipment Plant and equipment [Member]
[Member]
Owned and leased
Sub classes of property, plant and equipment [Axis] Owned assets [Member]
assets [Member]
Accumulated
Carrying amount accumulated depreciation and gross carrying depreciation and
Carrying amount [Member]
amount [Axis] impairment
[Member]
01/04/2018 01/04/2017
31/03/2017 to to 31/03/2017
31/03/2019 31/03/2018
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 0 0
equipment
Acquisitions through business
combinations, property, plant and 0 0
equipment
Increase (decrease) through net
exchange differences, property, 0 0
plant and equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
-1 -1
loss
Depreciation recognised as part of
0 0
cost of other assets
Total Depreciation property plant and
-1 -1
equipment
Impairment loss recognised in profit
or loss, property, plant and 0 0
equipment
Reversal of impairment loss
recognised in profit or loss, 0 0
property, plant and equipment
Revaluation increase (decrease),
0 0
property, plant and equipment
Impairment loss recognised in other
comprehensive income, property, plant and 0 0
equipment
Reversal of impairment loss recognised
in other comprehensive income, property, 0 0
plant and equipment
Increase (decrease) through transfers and
other changes, property, plant and
equipment [Abstract]
Increase (decrease) through
transfers, property, plant and 0 0
equipment
Increase (decrease) through other
changes, property, plant and 0 0
equipment
Total increase (decrease) through
transfers and other changes, property, 0 0
plant and equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
0 0
equipment
Retirements, property, plant and
0 0
equipment
Total disposals and retirements,
0 0
property, plant and equipment

77
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

Decrease through classified as held

for sale, property, plant and 0 0
equipment
Decrease through loss of control of
subsidiary, property, plant and 0 0
equipment
Total increase (decrease) in property,
-1 -1
plant and equipment
Property, plant and equipment at end of
2,060 8 9 10
period

78
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

Disclosure of detailed information about property, plant and equipment [Table] ..(4)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of property, plant and equipment [Axis] Plant and equipment [Member]
Sub classes of property, plant and equipment [Axis] Owned assets [Member]
Accumulated
Carrying amount accumulated depreciation and gross carrying depreciation and
Gross carrying amount [Member]
amount [Axis] impairment
[Member]
01/04/2018 01/04/2017 01/04/2018
to to 31/03/2017 to
31/03/2019 31/03/2018 31/03/2019
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 0 0
equipment
Acquisitions through business
combinations, property, plant and 0 0
equipment
Increase (decrease) through net
exchange differences, property, 0 0
plant and equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
1
loss
Depreciation recognised as part of
0
cost of other assets
Total Depreciation property plant and
1
equipment
Impairment loss recognised in profit
or loss, property, plant and 0
equipment
Reversal of impairment loss
recognised in profit or loss, 0
property, plant and equipment
Revaluation increase (decrease),
0 0
property, plant and equipment
Impairment loss recognised in other
comprehensive income, property, plant and 0
equipment
Reversal of impairment loss recognised
in other comprehensive income, property, 0
plant and equipment
Increase (decrease) through transfers and
other changes, property, plant and
equipment [Abstract]
Increase (decrease) through
transfers, property, plant and 0 0
equipment
Increase (decrease) through other
changes, property, plant and 0 0 0
equipment
Total increase (decrease) through
transfers and other changes, property, 0 0 0
plant and equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
0 0 0
equipment
Retirements, property, plant and
0 0
equipment
Total disposals and retirements,
0 0 0
property, plant and equipment
Decrease through classified as held
for sale, property, plant and 0 0 0
equipment

79
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

Decrease through loss of control of

subsidiary, property, plant and 0 0 0
equipment
Total increase (decrease) in property,
0 0 1
plant and equipment
Property, plant and equipment at end of
11 11 11 3
period

80
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

Disclosure of detailed information about property, plant and equipment [Table] ..(5)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of property, plant and equipment [Axis] Plant and equipment [Member] Other plant and equipment [Member]
Sub classes of property, plant and equipment [Axis] Owned assets [Member] Owned assets [Member]
Carrying amount accumulated depreciation and gross carrying Accumulated depreciation and
Carrying amount [Member]
amount [Axis] impairment [Member]
01/04/2017 01/04/2018 01/04/2017
to 31/03/2017 to to
31/03/2018 31/03/2019 31/03/2018
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 0 0
equipment
Acquisitions through business
combinations, property, plant and 0 0
equipment
Increase (decrease) through net
exchange differences, property, 0 0
plant and equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
1 -1 -1
loss
Depreciation recognised as part of
0 0 0
cost of other assets
Total Depreciation property plant and
1 -1 -1
equipment
Impairment loss recognised in profit
or loss, property, plant and 0 0 0
equipment
Reversal of impairment loss
recognised in profit or loss, 0 0 0
property, plant and equipment
Revaluation increase (decrease),
0 0
property, plant and equipment
Impairment loss recognised in other
comprehensive income, property, plant and 0 0 0
equipment
Reversal of impairment loss recognised
in other comprehensive income, property, 0 0 0
plant and equipment
Increase (decrease) through transfers and
other changes, property, plant and
equipment [Abstract]
Increase (decrease) through
transfers, property, plant and 0 0
equipment
Increase (decrease) through other
changes, property, plant and 0 0 0
equipment
Total increase (decrease) through
transfers and other changes, property, 0 0 0
plant and equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
0 0 0
equipment
Retirements, property, plant and
0 0
equipment
Total disposals and retirements,
0 0 0
property, plant and equipment
Decrease through classified as held
for sale, property, plant and 0 0 0
equipment
Decrease through loss of control of
subsidiary, property, plant and 0 0 0
equipment

81
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

Total increase (decrease) in property,

1 -1 -1
plant and equipment
Property, plant and equipment at end of
2 1 8 9
period

Disclosure of detailed information about property, plant and equipment [Table] ..(6)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of property, plant and equipment [Axis] Other plant and equipment [Member]
Sub classes of property, plant and equipment [Axis] Owned assets [Member]
Carrying amount accumulated depreciation and gross carrying Carrying amount
Gross carrying amount [Member]
amount [Axis] [Member]
01/04/2018 01/04/2017
31/03/2017 to to 31/03/2017
31/03/2019 31/03/2018
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 0 0
equipment
Acquisitions through business
combinations, property, plant and 0 0
equipment
Increase (decrease) through net
exchange differences, property, 0 0
plant and equipment
Revaluation increase (decrease),
0 0
property, plant and equipment
Increase (decrease) through transfers and
other changes, property, plant and
equipment [Abstract]
Increase (decrease) through
transfers, property, plant and 0 0
equipment
Increase (decrease) through other
changes, property, plant and 0 0
equipment
Total increase (decrease) through
transfers and other changes, property, 0 0
plant and equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
0 0
equipment
Retirements, property, plant and
0 0
equipment
Total disposals and retirements,
0 0
property, plant and equipment
Decrease through classified as held
for sale, property, plant and 0 0
equipment
Decrease through loss of control of
subsidiary, property, plant and 0 0
equipment
Total increase (decrease) in property,
0 0
plant and equipment
Property, plant and equipment at end of
10 11 11 11
period

82
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

Disclosure of detailed information about property, plant and equipment [Table] ..(7)
Unless otherwise specified, all monetary values are in Lakhs of INR
Furniture and
Classes of property, plant and equipment [Axis] Other plant and equipment [Member]
fixtures [Member]
Owned assets
Sub classes of property, plant and equipment [Axis] Owned assets [Member]
[Member]
Carrying amount accumulated depreciation and gross carrying Carrying amount
Accumulated depreciation and impairment [Member]
amount [Axis] [Member]
01/04/2018 01/04/2017 01/04/2018
to to 31/03/2017 to
31/03/2019 31/03/2018 31/03/2019
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 9
equipment
Acquisitions through business
combinations, property, plant and 0
equipment
Increase (decrease) through net
exchange differences, property, 0
plant and equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
1 1 -43
loss
Depreciation recognised as part of
0 0 0
cost of other assets
Total Depreciation property plant and
1 1 -43
equipment
Impairment loss recognised in profit
or loss, property, plant and 0 0 0
equipment
Reversal of impairment loss
recognised in profit or loss, 0 0 0
property, plant and equipment
Revaluation increase (decrease),
0
property, plant and equipment
Impairment loss recognised in other
comprehensive income, property, plant and 0 0 0
equipment
Reversal of impairment loss recognised
in other comprehensive income, property, 0 0 0
plant and equipment
Increase (decrease) through transfers and
other changes, property, plant and
equipment [Abstract]
Increase (decrease) through
transfers, property, plant and 0
equipment
Increase (decrease) through other
changes, property, plant and 0 0 0
equipment
Total increase (decrease) through
transfers and other changes, property, 0 0 0
plant and equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
0 0 0
equipment
Retirements, property, plant and
0
equipment
Total disposals and retirements,
0 0 0
property, plant and equipment
Decrease through classified as held
for sale, property, plant and 0 0 0
equipment

83
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

Decrease through loss of control of

subsidiary, property, plant and 0 0 0
equipment
Total increase (decrease) in property,
1 1 -34
plant and equipment
Property, plant and equipment at end of
3 2 1 95
period

84
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

Disclosure of detailed information about property, plant and equipment [Table] ..(8)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of property, plant and equipment [Axis] Furniture and fixtures [Member]
Sub classes of property, plant and equipment [Axis] Owned assets [Member]
Carrying amount accumulated depreciation and gross carrying
Carrying amount [Member] Gross carrying amount [Member]
amount [Axis]
01/04/2017 01/04/2018 01/04/2017
to 31/03/2017 to to
31/03/2018 31/03/2019 31/03/2018
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 24 9 (A) 24
equipment
Acquisitions through business
combinations, property, plant and 6 0 6
equipment
Increase (decrease) through net
exchange differences, property, 0 0 0
plant and equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
-59
loss
Depreciation recognised as part of
0
cost of other assets
Total Depreciation property plant and
-59
equipment
Impairment loss recognised in profit
or loss, property, plant and 0
equipment
Reversal of impairment loss
recognised in profit or loss, 0
property, plant and equipment
Revaluation increase (decrease),
0 0 0
property, plant and equipment
Impairment loss recognised in other
comprehensive income, property, plant and 0
equipment
Reversal of impairment loss recognised
in other comprehensive income, property, 0
plant and equipment
Increase (decrease) through transfers and
other changes, property, plant and
equipment [Abstract]
Increase (decrease) through
transfers, property, plant and 3 0 3
equipment
Increase (decrease) through other
changes, property, plant and -11 0 0
equipment
Total increase (decrease) through
transfers and other changes, property, -8 0 3
plant and equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
37 13 76
equipment
Retirements, property, plant and
0 0 0
equipment
Total disposals and retirements,
37 13 76
property, plant and equipment
Decrease through classified as held
for sale, property, plant and 0 0 0
equipment
Decrease through loss of control of
subsidiary, property, plant and 0 0 0
equipment

85
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

Total increase (decrease) in property,

-74 -4 -43
plant and equipment
Property, plant and equipment at end of
129 203 238 242
period

(A) Addition on April 01, 2017 pusuant to merger scheme - 17 Lakhs

Additions - 7 Lakhs

Disclosure of detailed information about property, plant and equipment [Table] ..(9)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of property, plant and equipment [Axis] Furniture and fixtures [Member]
Sub classes of property, plant and equipment [Axis] Owned assets [Member]
Carrying amount accumulated depreciation and gross carrying Gross carrying
Accumulated depreciation and impairment [Member]
amount [Axis] amount [Member]
01/04/2018 01/04/2017
31/03/2017 to to 31/03/2017
31/03/2019 31/03/2018
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
43 59
loss
Depreciation recognised as part of
0 0
cost of other assets
Total Depreciation property plant and
43 59
equipment
Impairment loss recognised in profit
or loss, property, plant and 0 0
equipment
Reversal of impairment loss
recognised in profit or loss, 0 0
property, plant and equipment
Impairment loss recognised in other
comprehensive income, property, plant and 0 0
equipment
Reversal of impairment loss recognised
in other comprehensive income, property, 0 0
plant and equipment
Increase (decrease) through transfers and
other changes, property, plant and
equipment [Abstract]
Increase (decrease) through other
changes, property, plant and 0 11
equipment
Total increase (decrease) through
transfers and other changes, property, 0 (A) 11
plant and equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
13 39
equipment
Total disposals and retirements,
13 39
property, plant and equipment
Decrease through classified as held
for sale, property, plant and 0 0
equipment
Decrease through loss of control of
subsidiary, property, plant and 0 0
equipment
Total increase (decrease) in property,
30 31
plant and equipment
Property, plant and equipment at end of
285 143 113 82
period

(A) Addition as on April 01, 2017 due to merger scheme - 9 Lakhs

Transfer pursuant to merger - 1 Lakhs
Acquisition of Business - 1 Lakhs

86
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

Disclosure of detailed information about property, plant and equipment [Table] ..(10)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of property, plant and equipment [Axis] Office equipment [Member]
Sub classes of property, plant and equipment [Axis] Owned assets [Member]
Carrying amount accumulated depreciation and gross carrying Gross carrying
Carrying amount [Member]
amount [Axis] amount [Member]
01/04/2018 01/04/2017 01/04/2018
to to 31/03/2017 to
31/03/2019 31/03/2018 31/03/2019
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 57 23 57
equipment
Acquisitions through business
combinations, property, plant and 0 40 0
equipment
Increase (decrease) through net
exchange differences, property, 0 0 0
plant and equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
-195 -190
loss
Depreciation recognised as part of
0 0
cost of other assets
Total Depreciation property plant and
-195 -190
equipment
Impairment loss recognised in profit
or loss, property, plant and 0 0
equipment
Reversal of impairment loss
recognised in profit or loss, 0 0
property, plant and equipment
Revaluation increase (decrease),
0 0 0
property, plant and equipment
Impairment loss recognised in other
comprehensive income, property, plant and 0 0
equipment
Reversal of impairment loss recognised
in other comprehensive income, property, 0 0
plant and equipment
Increase (decrease) through transfers and
other changes, property, plant and
equipment [Abstract]
Increase (decrease) through
transfers, property, plant and 0 17 0
equipment
Increase (decrease) through other
changes, property, plant and 0 -20 0
equipment
Total increase (decrease) through
transfers and other changes, property, 0 -3 0
plant and equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
0 23 23
equipment
Retirements, property, plant and
0 0 0
equipment
Total disposals and retirements,
0 23 23
property, plant and equipment
Decrease through classified as held
for sale, property, plant and 0 0 0
equipment
Decrease through loss of control of
subsidiary, property, plant and 0 0 0
equipment

87
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

Total increase (decrease) in property,

-138 -153 34
plant and equipment
Property, plant and equipment at end of
293 431 584 854
period

88
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

Disclosure of detailed information about property, plant and equipment [Table] ..(11)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of property, plant and equipment [Axis] Office equipment [Member]
Sub classes of property, plant and equipment [Axis] Owned assets [Member]
Carrying amount accumulated depreciation and gross carrying Accumulated depreciation and
Gross carrying amount [Member]
amount [Axis] impairment [Member]
01/04/2017 01/04/2018 01/04/2017
to 31/03/2017 to to
31/03/2018 31/03/2019 31/03/2018
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and (A) 23
equipment
Acquisitions through business
combinations, property, plant and 40
equipment
Increase (decrease) through net
exchange differences, property, 0
plant and equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
195 190
loss
Depreciation recognised as part of
0 0
cost of other assets
Total Depreciation property plant and
195 190
equipment
Impairment loss recognised in profit
or loss, property, plant and 0 0
equipment
Reversal of impairment loss
recognised in profit or loss, 0 0
property, plant and equipment
Revaluation increase (decrease),
0
property, plant and equipment
Impairment loss recognised in other
comprehensive income, property, plant and 0 0
equipment
Reversal of impairment loss recognised
in other comprehensive income, property, 0 0
plant and equipment
Increase (decrease) through transfers and
other changes, property, plant and
equipment [Abstract]
Increase (decrease) through
transfers, property, plant and 17
equipment
Increase (decrease) through other
changes, property, plant and 0 0 20
equipment
Total increase (decrease) through
transfers and other changes, property, 17 0 (B) 20
plant and equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
45 23 22
equipment
Retirements, property, plant and
0
equipment
Total disposals and retirements,
45 23 22
property, plant and equipment
Decrease through classified as held
for sale, property, plant and 0 0 0
equipment
Decrease through loss of control of
subsidiary, property, plant and 0 0 0
equipment

89
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

Total increase (decrease) in property,

35 172 188
plant and equipment
Property, plant and equipment at end of
820 785 561 389
period

(A) Addition on April 01, 2017 pusuant to merger scheme - 2 Lakhs

Additions - 21 Lakhs
(B) Addition as on April 01, 2017 due to merger scheme - 2 Lakhs
Transfer pursuant to merger - 10 Lakhs
Acquisition of Business - 8 Lakhs

90
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

Disclosure of detailed information about property, plant and equipment [Table] ..(12)
Unless otherwise specified, all monetary values are in Lakhs of INR
Office equipment
Classes of property, plant and equipment [Axis] Computer equipments [Member]
[Member]
Owned assets
Sub classes of property, plant and equipment [Axis] Owned assets [Member]
[Member]
Accumulated
Carrying amount accumulated depreciation and gross carrying depreciation and
Carrying amount [Member]
amount [Axis] impairment
[Member]
01/04/2018 01/04/2017
31/03/2017 to to 31/03/2017
31/03/2019 31/03/2018
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 64 100
equipment
Acquisitions through business
combinations, property, plant and 0 141
equipment
Increase (decrease) through net
exchange differences, property, 0 0
plant and equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
-295 -700
loss
Depreciation recognised as part of
0 0
cost of other assets
Total Depreciation property plant and
-295 -700
equipment
Impairment loss recognised in profit
or loss, property, plant and 0 0
equipment
Reversal of impairment loss
recognised in profit or loss, 0 0
property, plant and equipment
Revaluation increase (decrease),
0 0
property, plant and equipment
Impairment loss recognised in other
comprehensive income, property, plant and 0 0
equipment
Reversal of impairment loss recognised
in other comprehensive income, property, 0 0
plant and equipment
Increase (decrease) through transfers and
other changes, property, plant and
equipment [Abstract]
Increase (decrease) through
transfers, property, plant and 0 60
equipment
Increase (decrease) through other
changes, property, plant and 0 -163
equipment
Total increase (decrease) through
transfers and other changes, property, 0 -103
plant and equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
0 41
equipment
Retirements, property, plant and
0 0
equipment
Total disposals and retirements,
0 41
property, plant and equipment
Decrease through classified as held
for sale, property, plant and 0 0
equipment

91
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

Decrease through loss of control of

subsidiary, property, plant and 0 0
equipment
Total increase (decrease) in property,
-231 -603
plant and equipment
Property, plant and equipment at end of
201 173 404 1,007
period

92
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

Disclosure of detailed information about property, plant and equipment [Table] ..(13)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of property, plant and equipment [Axis] Computer equipments [Member]
Sub classes of property, plant and equipment [Axis] Owned assets [Member]
Accumulated
Carrying amount accumulated depreciation and gross carrying depreciation and
Gross carrying amount [Member]
amount [Axis] impairment
[Member]
01/04/2018 01/04/2017 01/04/2018
to to 31/03/2017 to
31/03/2019 31/03/2018 31/03/2019
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 64 (A) 100
equipment
Acquisitions through business
combinations, property, plant and 0 141
equipment
Increase (decrease) through net
exchange differences, property, 0 0
plant and equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
295
loss
Depreciation recognised as part of
0
cost of other assets
Total Depreciation property plant and
295
equipment
Impairment loss recognised in profit
or loss, property, plant and 0
equipment
Reversal of impairment loss
recognised in profit or loss, 0
property, plant and equipment
Revaluation increase (decrease),
0 0
property, plant and equipment
Impairment loss recognised in other
comprehensive income, property, plant and 0
equipment
Reversal of impairment loss recognised
in other comprehensive income, property, 0
plant and equipment
Increase (decrease) through transfers and
other changes, property, plant and
equipment [Abstract]
Increase (decrease) through
transfers, property, plant and 0 60
equipment
Increase (decrease) through other
changes, property, plant and 0 0 0
equipment
Total increase (decrease) through
transfers and other changes, property, 0 60 0
plant and equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
0 252 0
equipment
Retirements, property, plant and
0 0
equipment
Total disposals and retirements,
0 252 0
property, plant and equipment
Decrease through classified as held
for sale, property, plant and 0 0 0
equipment

93
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

Decrease through loss of control of

subsidiary, property, plant and 0 0 0
equipment
Total increase (decrease) in property,
64 49 295
plant and equipment
Property, plant and equipment at end of
2,518 2,454 2,405 2,345
period

(A) Addition as on April 01, 2017 due to merger scheme - 46 Lakhs

Additions - 54 Lakhs

94
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

Disclosure of detailed information about property, plant and equipment [Table] ..(14)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of property, plant and equipment [Axis] Computer equipments [Member] Leasehold improvements [Member]
Sub classes of property, plant and equipment [Axis] Owned assets [Member] Assets held under lease [Member]
Carrying amount accumulated depreciation and gross carrying Accumulated depreciation and
Carrying amount [Member]
amount [Axis] impairment [Member]
01/04/2017 01/04/2018 01/04/2017
to 31/03/2017 to to
31/03/2018 31/03/2019 31/03/2018
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 0 4
equipment
Acquisitions through business
combinations, property, plant and 0 0
equipment
Increase (decrease) through net
exchange differences, property, 0 0
plant and equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
700 -270 -270
loss
Depreciation recognised as part of
0 0 0
cost of other assets
Total Depreciation property plant and
700 -270 -270
equipment
Impairment loss recognised in profit
or loss, property, plant and 0 0 0
equipment
Reversal of impairment loss
recognised in profit or loss, 0 0 0
property, plant and equipment
Revaluation increase (decrease),
0 0
property, plant and equipment
Impairment loss recognised in other
comprehensive income, property, plant and 0 0 0
equipment
Reversal of impairment loss recognised
in other comprehensive income, property, 0 0 0
plant and equipment
Increase (decrease) through transfers and
other changes, property, plant and
equipment [Abstract]
Increase (decrease) through
transfers, property, plant and 0 0
equipment
Increase (decrease) through other
changes, property, plant and 163 0 -3
equipment
Total increase (decrease) through
transfers and other changes, property, (A) 163 0 -3
plant and equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
211 0 0
equipment
Retirements, property, plant and
0 0
equipment
Total disposals and retirements,
211 0 0
property, plant and equipment
Decrease through classified as held
for sale, property, plant and 0 0 0
equipment
Decrease through loss of control of
subsidiary, property, plant and 0 0 0
equipment

95
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

Total increase (decrease) in property,

652 -270 -269
plant and equipment
Property, plant and equipment at end of
2,050 1,398 1,054 1,324
period

(A) Addition as on April 01, 2017 due to merger scheme - 38 Lakhs

Transfer pursuant to merger - 34 Lakhs
Acquisition of Business - 91 Lakhs

Disclosure of detailed information about property, plant and equipment [Table] ..(15)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of property, plant and equipment [Axis] Leasehold improvements [Member]
Sub classes of property, plant and equipment [Axis] Assets held under lease [Member]
Carrying amount accumulated depreciation and gross carrying Carrying amount
Gross carrying amount [Member]
amount [Axis] [Member]
01/04/2018 01/04/2017
31/03/2017 to to 31/03/2017
31/03/2019 31/03/2018
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 0 4
equipment
Acquisitions through business
combinations, property, plant and 0 0
equipment
Increase (decrease) through net
exchange differences, property, 0 0
plant and equipment
Revaluation increase (decrease),
0 0
property, plant and equipment
Increase (decrease) through transfers and
other changes, property, plant and
equipment [Abstract]
Increase (decrease) through
transfers, property, plant and 0 0
equipment
Increase (decrease) through other
changes, property, plant and 0 0
equipment
Total increase (decrease) through
transfers and other changes, property, 0 0
plant and equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
40 0
equipment
Retirements, property, plant and
0 0
equipment
Total disposals and retirements,
40 0
property, plant and equipment
Decrease through classified as held
for sale, property, plant and 0 0
equipment
Decrease through loss of control of
subsidiary, property, plant and 0 0
equipment
Total increase (decrease) in property,
-40 4
plant and equipment
Property, plant and equipment at end of
1,593 1,935 1,975 1,971
period

96
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

Disclosure of detailed information about property, plant and equipment [Table] ..(16)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of property, plant and equipment [Axis] Leasehold improvements [Member]
Sub classes of property, plant and equipment [Axis] Assets held under lease [Member]
Carrying amount accumulated depreciation and gross carrying amount [Axis] Accumulated depreciation and impairment [Member]
01/04/2018 01/04/2017
to to 31/03/2017
31/03/2019 31/03/2018
Disclosure of detailed information about property, plant and equipment
[Abstract]
Disclosure of detailed information about property, plant and
equipment [Line items]
Reconciliation of changes in property, plant and equipment
[Abstract]
Changes in property, plant and equipment [Abstract]
Depreciation, property, plant and equipment [Abstract]
Depreciation recognised in profit or loss 270 270
Depreciation recognised as part of cost of other assets 0 0
Total Depreciation property plant and equipment 270 270
Impairment loss recognised in profit or loss, property,
0 0
plant and equipment
Reversal of impairment loss recognised in profit or
0 0
loss, property, plant and equipment
Impairment loss recognised in other comprehensive
0 0
income, property, plant and equipment
Reversal of impairment loss recognised in other
0 0
comprehensive income, property, plant and equipment
Increase (decrease) through transfers and other
changes, property, plant and equipment [Abstract]
Increase (decrease) through other changes, property,
0 3
plant and equipment
Total increase (decrease) through transfers and
0 (A) 3
other changes, property, plant and equipment
Disposals and retirements, property, plant and equipment
[Abstract]
Disposals, property, plant and equipment 40 0
Total disposals and retirements, property, plant and
40 0
equipment
Decrease through classified as held for sale, property,
0 0
plant and equipment
Decrease through loss of control of subsidiary,
0 0
property, plant and equipment
Total increase (decrease) in property, plant and equipment 230 273
Property, plant and equipment at end of period 881 651 378

(A) Acquisition of Business

Unless otherwise specified, all monetary values are in Lakhs of INR
01/04/2018
to
31/03/2019
Textual information (18)
Disclosure of property, plant and equipment [TextBlock] [See below]
Disclosure of detailed information about property, plant and equipment
[TextBlock]

Textual information (8)

Measurement bases, property, plant and equipment

All items of property, plant and equipment are stated at historical cost less depreciation and impairment. Historical cost includes expenditures
that are directly attributable to the acquisition of the items.

Textual information (9)

Measurement bases, property, plant and equipment

All items of property, plant and equipment are stated at historical cost less depreciation and impairment. Historical cost includes expenditures
that are directly attributable to the acquisition of the items.

97
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

Textual information (10)

Measurement bases, property, plant and equipment

All items of property, plant and equipment are stated at historical cost less depreciation and impairment. Historical cost includes expenditures
that are directly attributable to the acquisition of the items.

Textual information (11)

Measurement bases, property, plant and equipment

All items of property, plant and equipment are stated at historical cost less depreciation and impairment. Historical cost includes expenditures
that are directly attributable to the acquisition of the items.

Textual information (12)

Measurement bases, property, plant and equipment

All items of property, plant and equipment are stated at historical cost less depreciation and impairment. Historical cost includes expenditures
that are directly attributable to the acquisition of the items.

Textual information (13)

Measurement bases, property, plant and equipment

All items of property, plant and equipment are stated at historical cost less depreciation and impairment. Historical cost includes expenditures
that are directly attributable to the acquisition of the items.

Textual information (14)

Measurement bases, property, plant and equipment

All items of property, plant and equipment are stated at historical cost less depreciation and impairment. Historical cost includes expenditures
that are directly attributable to the acquisition of the items.

Textual information (15)

Measurement bases, property, plant and equipment

All items of property, plant and equipment are stated at historical cost less depreciation and impairment. Historical cost includes expenditures
that are directly attributable to the acquisition of the items.

Textual information (16)

Measurement bases, property, plant and equipment

All items of property, plant and equipment are stated at historical cost less depreciation and impairment. Historical cost includes expenditures
that are directly attributable to the acquisition of the items.

Textual information (17)

Measurement bases, property, plant and equipment

All items of property, plant and equipment are stated at historical cost less depreciation and impairment. Historical cost includes expenditures
that are directly attributable to the acquisition of the items.

98
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

Textual information (18)

Disclosure of property, plant and equipment [Text Block]

Note 3: Property,
plant and equipment

Furniture
Leasehold Plant and Office
and Computers Total
improvements machinery equipment
fittings

Year ended 31
March 2018

Gross carrying
amount

As at 1 April 2017 1,971 11 785 285 5,457

2,405

Addition on 1 April
2017 pursuant to the
- - 2 17 46 65
merger scheme
(refer note 41)

As at 1 April 2017
1,971 11 787 302 5,522
(Post merger) 2,451

Transfer pursuant to
the merger scheme 0 17 3 60 80
(Refer note 41)

Acquisition of
business (Refer note 4 - 40 6 141 191
40)

Additions - - 21 7 54 82

Disposals (0) - (45)

(76) (252) (373)

Closing gross
1,975 11 820 2,454 5,502
carrying amount 242

Accumulated
depreciation

99
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

Opening
accumulated 378 1 201 82 2,060
1,398
depreciation

Addition on 1 April
2017 pursuant to the
- - 2 9 38 49
merger scheme
(refer note 41)

Opening
accumulated
378 1 203 91 2,109
depreciation (Post 1,436
merger)

Transfer pursuant to
the merger scheme 0 - 10 1 34 45
(Refer note 41)

Acquisition of
business (Refer note 3 - 8 1 91 103
40)

Depreciation charge
270 1 190 59 700 1,220
for the year

Disposals (0) - (22)

(39) (211) (272)

Closing accumulated
651 2 389 113 3,205
amortisation 2,050

Net carrying amount 1,324 9 431 404 2,297

129

Year ended 31
March 2019

Gross carrying
amount

As at 1 April 2018 1,975 11 820 242 5,502

2,454

Additions - - 57 9 64 130

Disposals (40) - (23) - (76)

(13)

100
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

Closing gross 1,935 11 # 854 2,518 5,556

carrying amount 238

Accumulated
depreciation

Opening
accumulated 651 2 389 113 3,205
2,050
depreciation

Depreciation charge
270 1 195 43 295 804
for the year

Disposals (40) - (23) - (76)

(13)

Closing accumulated
881 3 561 143 3,933
amortisation 2,345

Net carrying amount 1,054 8 293 95 173 1,623

[612100] Notes - Impairment of assets

Unless otherwise specified, all monetary values are in Lakhs of INR
01/04/2018 01/04/2017
to to
31/03/2019 31/03/2018
Disclosure of impairment of assets [TextBlock]
Disclosure of impairment loss and reversal of impairment loss [TextBlock]
Whether there is any impairment loss or reversal of impairment loss
No No
during the year
Disclosure of information for impairment loss recognised or reversed
for individual Assets or cash-generating unit [TextBlock]
Whether impairment loss recognised or reversed for individual Assets
No No
or cash-generating unit

[400700] Notes - Investment property

Unless otherwise specified, all monetary values are in Lakhs of INR
01/04/2018 01/04/2017
to to
31/03/2019 31/03/2018
Disclosure of investment property [TextBlock]
Total direct operating expense from investment property 0 0
Rental income from investment property, net of direct operating expense 0 0
Depreciation method, investment property, cost model NA NA
Useful lives or depreciation rates, investment property, cost model NA NA

101
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

[400800] Notes - Goodwill

Disclosure of reconciliation of changes in goodwill [Table] ..(1)

Unless otherwise specified, all monetary values are in Lakhs of INR
Carrying amount accumulated amortization and impairment and
Carrying amount [Member] Gross carrying amount [Member]
gross carrying amount [Axis]
01/04/2018 01/04/2017
31/03/2019 31/03/2018 to to
31/03/2019 31/03/2018
Disclosure of reconciliation of changes in goodwill
[Abstract]
Disclosure of reconciliation of changes in goodwill
[Line items]
Changes in goodwill [Abstract]
Acquisitions through business combinations,
17,482
goodwill
Total increase (decrease) in goodwill 0 17,482
Goodwill at end of period 17,276 18,847 19,025 19,025

Disclosure of reconciliation of changes in goodwill [Table] ..(2)

Unless otherwise specified, all monetary values are in Lakhs of INR
Carrying amount accumulated amortization and impairment and Gross carrying
Accumulated amortization and impairment [Member]
gross carrying amount [Axis] amount [Member]
01/04/2018 01/04/2017
31/03/2017 to to 31/03/2017
31/03/2019 31/03/2018
Disclosure of reconciliation of changes in goodwill
[Abstract]
Disclosure of reconciliation of changes in goodwill
[Line items]
Changes in goodwill [Abstract]
Impairment loss recognised in profit or loss,
1,571
goodwill
Total increase (decrease) in goodwill 1,571 0
Goodwill at end of period 1,543 1,749 178 178

Unless otherwise specified, all monetary values are in Lakhs of INR

31/03/2019 31/03/2018
Disclosure of goodwill [TextBlock]
Disclosure of reconciliation of changes in goodwill [Abstract]
Changes in goodwill [Abstract]
Goodwill at end of period 17,276 18,847

102
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

[400900] Notes - Other intangible assets

Disclosure of detailed information about other intangible assets [Table] ..(1)

Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of other intangible assets [Axis] Company other intangible assets [Member]
Internally generated and other than internally generated intangible assets
Sub classes of other intangible assets [Axis]
[Member]
Carrying amount accumulated amortization and impairment and Gross carrying
Carrying amount [Member]
gross carrying amount [Axis] amount [Member]
01/04/2018 01/04/2017 01/04/2018
to to 31/03/2017 to
31/03/2019 31/03/2018 31/03/2019
Disclosure of detailed information about other
intangible assets [Abstract]
Disclosure of detailed information about other
intangible assets [Line items]
Reconciliation of changes in other intangible
assets [Abstract]
Changes in Other intangible assets [Abstract]
Additions other than through business
0 27 0
combinations
Acquisitions through business combinations 0 17,549 0
Increase (decrease) through net exchange
0 0 0
differences
Amortisation other intangible assets -1,980 -788
Impairment loss recognised in profit or
0 -170
loss
Reversal of impairment loss recognised
0 0
in profit or loss
Revaluation increase (decrease), other
0 0 0
intangible assets
Impairment loss recognised in other
comprehensive income, other intangible 0 0
assets
Reversal of impairment loss recognised in
other comprehensive income, other 0 0
intangible assets
Increase (decrease) through
transfers and other changes, other
intangible assets [Abstract]
Increase (decrease) through
0 68 0
transfers, other intangible assets
Increase (decrease) through other
0 -124 0
changes
Total increase (decrease) through
transfers and other changes, Other 0 -56 0
intangible assets
Disposals and retirements, other
intangible assets [Abstract]
Disposals 0 0 0
Retirements 0 0 0
Total Disposals and retirements,
0 0 0
Other intangible assets
Decrease through classified as held for
0 0 0
sale
Decrease through loss of control of
0 0 0
subsidiary
Total increase (decrease) in Other
-1,980 16,562 0
intangible assets
Other intangible assets at end of period 15,668 17,648 1,086 19,418

103
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

Disclosure of detailed information about other intangible assets [Table] ..(2)

Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of other intangible assets [Axis] Company other intangible assets [Member]
Internally generated and other than internally generated intangible assets
Sub classes of other intangible assets [Axis]
[Member]
Carrying amount accumulated amortization and impairment and Accumulated amortization and
Gross carrying amount [Member]
gross carrying amount [Axis] impairment [Member]
01/04/2017 01/04/2018 01/04/2017
to 31/03/2017 to to
31/03/2018 31/03/2019 31/03/2018
Disclosure of detailed information about other
intangible assets [Abstract]
Disclosure of detailed information about other
intangible assets [Line items]
Reconciliation of changes in other intangible
assets [Abstract]
Changes in Other intangible assets [Abstract]
Additions other than through business
27
combinations
Acquisitions through business combinations 17,549
Increase (decrease) through net exchange
0
differences
Amortisation other intangible assets 1,980 788
Impairment loss recognised in profit or
0 170
loss
Reversal of impairment loss recognised
0 0
in profit or loss
Revaluation increase (decrease), other
0
intangible assets
Impairment loss recognised in other
comprehensive income, other intangible 0 0
assets
Reversal of impairment loss recognised in
other comprehensive income, other 0 0
intangible assets
Increase (decrease) through
transfers and other changes, other
intangible assets [Abstract]
Increase (decrease) through
68
transfers, other intangible assets
Increase (decrease) through other
0 0 124
changes
Total increase (decrease) through
transfers and other changes, Other 68 0 124
intangible assets
Disposals and retirements, other
intangible assets [Abstract]
Disposals 0 0 0
Retirements 0
Total Disposals and retirements,
0 0 0
Other intangible assets
Decrease through classified as held for
0 0 0
sale
Decrease through loss of control of
0 0 0
subsidiary
Total increase (decrease) in Other
17,644 1,980 1,082
intangible assets
Other intangible assets at end of period 19,418 1,774 3,750 1,770

104
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

Disclosure of detailed information about other intangible assets [Table] ..(3)

Unless otherwise specified, all monetary values are in Lakhs of INR
Company other
Classes of other intangible assets [Axis] intangible assets Brands and trade marks [Member]
[Member]
Internally
generated and
other than
Sub classes of other intangible assets [Axis] internally Internally generated intangible assets [Member]
generated
intangible assets
[Member]
Accumulated
Carrying amount accumulated amortization and impairment and amortization and
Carrying amount [Member]
gross carrying amount [Axis] impairment
[Member]
01/04/2018 01/04/2017
31/03/2017 to to 31/03/2017
31/03/2019 31/03/2018
Disclosure of detailed information about other
intangible assets [Abstract]
Disclosure of detailed information about other
intangible assets [Line items]
Reconciliation of changes in other intangible
assets [Abstract]
Changes in Other intangible assets [Abstract]
Additions other than through business
0 2
combinations
Acquisitions through business combinations 0 17,246
Increase (decrease) through net exchange
0 0
differences
Amortisation other intangible assets -1,863 -672
Impairment loss recognised in profit or
0 0
loss
Reversal of impairment loss recognised
0 0
in profit or loss
Revaluation increase (decrease), other
0 0
intangible assets
Impairment loss recognised in other
comprehensive income, other intangible 0 0
assets
Reversal of impairment loss recognised in
other comprehensive income, other 0 0
intangible assets
Increase (decrease) through
transfers and other changes, other
intangible assets [Abstract]
Increase (decrease) through
0 0
transfers, other intangible assets
Increase (decrease) through other
0 0
changes
Total increase (decrease) through
transfers and other changes, Other 0 0
intangible assets
Disposals and retirements, other
intangible assets [Abstract]
Disposals 0 0
Retirements 0 0
Total Disposals and retirements,
0 0
Other intangible assets
Decrease through classified as held for
0 0
sale
Decrease through loss of control of
0 0
subsidiary
Total increase (decrease) in Other
-1,863 16,576
intangible assets
Other intangible assets at end of period 688 15,635 17,498 922

105
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

Disclosure of detailed information about other intangible assets [Table] ..(4)

Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of other intangible assets [Axis] Brands and trade marks [Member]
Sub classes of other intangible assets [Axis] Internally generated intangible assets [Member]
Accumulated
Carrying amount accumulated amortization and impairment and amortization and
Gross carrying amount [Member]
gross carrying amount [Axis] impairment
[Member]
01/04/2018 01/04/2017 01/04/2018
to to 31/03/2017 to
31/03/2019 31/03/2018 31/03/2019
Disclosure of detailed information about other
intangible assets [Abstract]
Disclosure of detailed information about other
intangible assets [Line items]
Reconciliation of changes in other intangible
assets [Abstract]
Changes in Other intangible assets [Abstract]
Additions other than through business
0 2
combinations
Acquisitions through business combinations 0 17,246
Increase (decrease) through net exchange
0 0
differences
Amortisation other intangible assets 1,863
Impairment loss recognised in profit or
0
loss
Reversal of impairment loss recognised
0
in profit or loss
Revaluation increase (decrease), other
0 0
intangible assets
Impairment loss recognised in other
comprehensive income, other intangible 0
assets
Reversal of impairment loss recognised in
other comprehensive income, other 0
intangible assets
Increase (decrease) through
transfers and other changes, other
intangible assets [Abstract]
Increase (decrease) through
0 0
transfers, other intangible assets
Increase (decrease) through other
0 0 0
changes
Total increase (decrease) through
transfers and other changes, Other 0 0 0
intangible assets
Disposals and retirements, other
intangible assets [Abstract]
Disposals 0 0 0
Retirements 0 0
Total Disposals and retirements,
0 0 0
Other intangible assets
Decrease through classified as held for
0 0 0
sale
Decrease through loss of control of
0 0 0
subsidiary
Total increase (decrease) in Other
0 17,248 1,863
intangible assets
Other intangible assets at end of period 18,397 18,397 1,149 2,762

106
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

Disclosure of detailed information about other intangible assets [Table] ..(5)

Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of other intangible assets [Axis] Brands and trade marks [Member] Brands [Member]
Internally generated intangible assets Internally generated intangible assets
Sub classes of other intangible assets [Axis]
[Member] [Member]
Carrying amount accumulated amortization and impairment and Accumulated amortization and
Carrying amount [Member]
gross carrying amount [Axis] impairment [Member]
01/04/2017 01/04/2018 01/04/2017
to 31/03/2017 to to
31/03/2018 31/03/2019 31/03/2018
Disclosure of detailed information about other
intangible assets [Abstract]
Disclosure of detailed information about other
intangible assets [Line items]
Reconciliation of changes in other intangible
assets [Abstract]
Changes in Other intangible assets [Abstract]
Additions other than through business
0 2
combinations
Acquisitions through business combinations 0 1,620
Increase (decrease) through net exchange
0 0
differences
Amortisation other intangible assets 672 -1,863 -672
Impairment loss recognised in profit or
0 0 0
loss
Reversal of impairment loss recognised
0 0 0
in profit or loss
Revaluation increase (decrease), other
0 0
intangible assets
Impairment loss recognised in other
comprehensive income, other intangible 0 0 0
assets
Reversal of impairment loss recognised in
other comprehensive income, other 0 0 0
intangible assets
Increase (decrease) through
transfers and other changes, other
intangible assets [Abstract]
Increase (decrease) through
0 0
transfers, other intangible assets
Increase (decrease) through other
0 0 0
changes
Total increase (decrease) through
transfers and other changes, Other 0 0 0
intangible assets
Disposals and retirements, other
intangible assets [Abstract]
Disposals 0 0 0
Retirements 0 0
Total Disposals and retirements,
0 0 0
Other intangible assets
Decrease through classified as held for
0 0 0
sale
Decrease through loss of control of
0 0 0
subsidiary
Total increase (decrease) in Other
672 -1,863 950
intangible assets
Other intangible assets at end of period 899 227 9 1,872

107
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

Disclosure of detailed information about other intangible assets [Table] ..(6)

Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of other intangible assets [Axis] Brands [Member]
Sub classes of other intangible assets [Axis] Internally generated intangible assets [Member]
Carrying amount accumulated amortization and impairment and Carrying amount
Gross carrying amount [Member]
gross carrying amount [Axis] [Member]
01/04/2018 01/04/2017
31/03/2017 to to 31/03/2017
31/03/2019 31/03/2018
Disclosure of detailed information about other
intangible assets [Abstract]
Disclosure of detailed information about other
intangible assets [Line items]
Reconciliation of changes in other intangible
assets [Abstract]
Changes in Other intangible assets [Abstract]
Additions other than through business
0 (A) 2
combinations
Acquisitions through business combinations 0 1,620
Increase (decrease) through net exchange
0 0
differences
Revaluation increase (decrease), other
0 0
intangible assets
Increase (decrease) through
transfers and other changes, other
intangible assets [Abstract]
Increase (decrease) through
0 0
transfers, other intangible assets
Increase (decrease) through other
0 0
changes
Total increase (decrease) through
transfers and other changes, Other 0 0
intangible assets
Disposals and retirements, other
intangible assets [Abstract]
Disposals 0 0
Retirements 0 0
Total Disposals and retirements,
0 0
Other intangible assets
Decrease through classified as held for
0 0
sale
Decrease through loss of control of
0 0
subsidiary
Total increase (decrease) in Other
0 1,622
intangible assets
Other intangible assets at end of period 922 2,771 2,771 1,149

(A) Addition as on April 01, 2017 due to merger scheme

108
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

Disclosure of detailed information about other intangible assets [Table] ..(7)

Unless otherwise specified, all monetary values are in Lakhs of INR
Trade marks
Classes of other intangible assets [Axis] Brands [Member]
[Member]
Internally
generated
Sub classes of other intangible assets [Axis] Internally generated intangible assets [Member]
intangible assets
[Member]
Carrying amount accumulated amortization and impairment and Carrying amount
Accumulated amortization and impairment [Member]
gross carrying amount [Axis] [Member]
01/04/2018 01/04/2017 01/04/2018
to to 31/03/2017 to
31/03/2019 31/03/2018 31/03/2019
Disclosure of detailed information about other
intangible assets [Abstract]
Disclosure of detailed information about other
intangible assets [Line items]
Reconciliation of changes in other intangible
assets [Abstract]
Changes in Other intangible assets [Abstract]
Additions other than through business
0
combinations
Acquisitions through business combinations 0
Increase (decrease) through net exchange
0
differences
Amortisation other intangible assets 1,863 672 0
Impairment loss recognised in profit or
0 0 0
loss
Reversal of impairment loss recognised
0 0 0
in profit or loss
Revaluation increase (decrease), other
0
intangible assets
Impairment loss recognised in other
comprehensive income, other intangible 0 0 0
assets
Reversal of impairment loss recognised in
other comprehensive income, other 0 0 0
intangible assets
Increase (decrease) through
transfers and other changes, other
intangible assets [Abstract]
Increase (decrease) through
0
transfers, other intangible assets
Increase (decrease) through other
0 0 0
changes
Total increase (decrease) through
transfers and other changes, Other 0 0 0
intangible assets
Disposals and retirements, other
intangible assets [Abstract]
Disposals 0 0 0
Retirements 0
Total Disposals and retirements,
0 0 0
Other intangible assets
Decrease through classified as held for
0 0 0
sale
Decrease through loss of control of
0 0 0
subsidiary
Total increase (decrease) in Other
1,863 672 0
intangible assets
Other intangible assets at end of period 2,762 899 227 15,626

109
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

Disclosure of detailed information about other intangible assets [Table] ..(8)

Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of other intangible assets [Axis] Trade marks [Member]
Sub classes of other intangible assets [Axis] Internally generated intangible assets [Member]
Carrying amount accumulated amortization and impairment and
Carrying amount [Member] Gross carrying amount [Member]
gross carrying amount [Axis]
01/04/2017 01/04/2018 01/04/2017
to 31/03/2017 to to
31/03/2018 31/03/2019 31/03/2018
Disclosure of detailed information about other
intangible assets [Abstract]
Disclosure of detailed information about other
intangible assets [Line items]
Reconciliation of changes in other intangible
assets [Abstract]
Changes in Other intangible assets [Abstract]
Additions other than through business
0 0 0
combinations
Acquisitions through business combinations 15,626 0 15,626
Increase (decrease) through net exchange
0 0 0
differences
Amortisation other intangible assets 0
Impairment loss recognised in profit or
0
loss
Reversal of impairment loss recognised
0
in profit or loss
Revaluation increase (decrease), other
0 0 0
intangible assets
Impairment loss recognised in other
comprehensive income, other intangible 0
assets
Reversal of impairment loss recognised in
other comprehensive income, other 0
intangible assets
Increase (decrease) through
transfers and other changes, other
intangible assets [Abstract]
Increase (decrease) through
0 0 0
transfers, other intangible assets
Increase (decrease) through other
0 0 0
changes
Total increase (decrease) through
transfers and other changes, Other 0 0 0
intangible assets
Disposals and retirements, other
intangible assets [Abstract]
Disposals 0 0 0
Retirements 0 0 0
Total Disposals and retirements,
0 0 0
Other intangible assets
Decrease through classified as held for
0 0 0
sale
Decrease through loss of control of
0 0 0
subsidiary
Total increase (decrease) in Other
15,626 0 15,626
intangible assets
Other intangible assets at end of period 15,626 0 15,626 15,626

110
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

Disclosure of detailed information about other intangible assets [Table] ..(9)

Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of other intangible assets [Axis] Trade marks [Member]
Sub classes of other intangible assets [Axis] Internally generated intangible assets [Member]
Carrying amount accumulated amortization and impairment and Gross carrying
Accumulated amortization and impairment [Member]
gross carrying amount [Axis] amount [Member]
01/04/2018 01/04/2017
31/03/2017 to to 31/03/2017
31/03/2019 31/03/2018
Disclosure of detailed information about other
intangible assets [Abstract]
Disclosure of detailed information about other
intangible assets [Line items]
Reconciliation of changes in other intangible
assets [Abstract]
Changes in Other intangible assets [Abstract]
Amortisation other intangible assets 0 0
Impairment loss recognised in profit or
0 0
loss
Reversal of impairment loss recognised
0 0
in profit or loss
Impairment loss recognised in other
comprehensive income, other intangible 0 0
assets
Reversal of impairment loss recognised in
other comprehensive income, other 0 0
intangible assets
Increase (decrease) through
transfers and other changes, other
intangible assets [Abstract]
Increase (decrease) through other
0 0
changes
Total increase (decrease) through
transfers and other changes, Other 0 0
intangible assets
Disposals and retirements, other
intangible assets [Abstract]
Disposals 0 0
Total Disposals and retirements,
0 0
Other intangible assets
Decrease through classified as held for
0 0
sale
Decrease through loss of control of
0 0
subsidiary
Total increase (decrease) in Other
0 0
intangible assets
Other intangible assets at end of period 0 0 0 0

111
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

Disclosure of detailed information about other intangible assets [Table] ..(10)

Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of other intangible assets [Axis] Computer software [Member]
Sub classes of other intangible assets [Axis] Internally generated intangible assets [Member]
Carrying amount accumulated amortization and impairment and Gross carrying
Carrying amount [Member]
gross carrying amount [Axis] amount [Member]
01/04/2018 01/04/2017 01/04/2018
to to 31/03/2017 to
31/03/2019 31/03/2018 31/03/2019
Disclosure of detailed information about other
intangible assets [Abstract]
Disclosure of detailed information about other
intangible assets [Line items]
Reconciliation of changes in other intangible
assets [Abstract]
Changes in Other intangible assets [Abstract]
Additions other than through business
0 0 0
combinations
Acquisitions through business combinations 0 74 0
Increase (decrease) through net exchange
0 0 0
differences
Amortisation other intangible assets -25 -28
Impairment loss recognised in profit or
0 0
loss
Reversal of impairment loss recognised
0 0
in profit or loss
Revaluation increase (decrease), other
0 0 0
intangible assets
Impairment loss recognised in other
comprehensive income, other intangible 0 0
assets
Reversal of impairment loss recognised in
other comprehensive income, other 0 0
intangible assets
Increase (decrease) through
transfers and other changes, other
intangible assets [Abstract]
Increase (decrease) through
0 0 0
transfers, other intangible assets
Increase (decrease) through other
0 -50 0
changes
Total increase (decrease) through
transfers and other changes, Other 0 -50 0
intangible assets
Disposals and retirements, other
intangible assets [Abstract]
Disposals 0 0 0
Retirements 0 0 0
Total Disposals and retirements,
0 0 0
Other intangible assets
Decrease through classified as held for
0 0 0
sale
Decrease through loss of control of
0 0 0
subsidiary
Total increase (decrease) in Other
-25 -4 0
intangible assets
Other intangible assets at end of period 4 29 33 187

112
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

Disclosure of detailed information about other intangible assets [Table] ..(11)

Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of other intangible assets [Axis] Computer software [Member]
Sub classes of other intangible assets [Axis] Internally generated intangible assets [Member]
Carrying amount accumulated amortization and impairment and Accumulated amortization and
Gross carrying amount [Member]
gross carrying amount [Axis] impairment [Member]
01/04/2017 01/04/2018 01/04/2017
to 31/03/2017 to to
31/03/2018 31/03/2019 31/03/2018
Disclosure of detailed information about other
intangible assets [Abstract]
Disclosure of detailed information about other
intangible assets [Line items]
Reconciliation of changes in other intangible
assets [Abstract]
Changes in Other intangible assets [Abstract]
Additions other than through business
0
combinations
Acquisitions through business combinations 74
Increase (decrease) through net exchange
0
differences
Amortisation other intangible assets 25 28
Impairment loss recognised in profit or
0 0
loss
Reversal of impairment loss recognised
0 0
in profit or loss
Revaluation increase (decrease), other
0
intangible assets
Impairment loss recognised in other
comprehensive income, other intangible 0 0
assets
Reversal of impairment loss recognised in
other comprehensive income, other 0 0
intangible assets
Increase (decrease) through
transfers and other changes, other
intangible assets [Abstract]
Increase (decrease) through
0
transfers, other intangible assets
Increase (decrease) through other
0 0 50
changes
Total increase (decrease) through
transfers and other changes, Other 0 0 50
intangible assets
Disposals and retirements, other
intangible assets [Abstract]
Disposals 0 0 0
Retirements 0
Total Disposals and retirements,
0 0 0
Other intangible assets
Decrease through classified as held for
0 0 0
sale
Decrease through loss of control of
0 0 0
subsidiary
Total increase (decrease) in Other
74 25 78
intangible assets
Other intangible assets at end of period 187 113 183 158

113
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

Disclosure of detailed information about other intangible assets [Table] ..(12)

Unless otherwise specified, all monetary values are in Lakhs of INR
Computer
Classes of other intangible assets [Axis] Copyrights, patents and other operating rights [Member]
software [Member]
Internally
generated
Sub classes of other intangible assets [Axis] Internally generated intangible assets [Member]
intangible assets
[Member]
Accumulated
Carrying amount accumulated amortization and impairment and amortization and
Carrying amount [Member]
gross carrying amount [Axis] impairment
[Member]
01/04/2018 01/04/2017
31/03/2017 to to 31/03/2017
31/03/2019 31/03/2018
Disclosure of detailed information about other
intangible assets [Abstract]
Disclosure of detailed information about other
intangible assets [Line items]
Reconciliation of changes in other intangible
assets [Abstract]
Changes in Other intangible assets [Abstract]
Additions other than through business
0 0
combinations
Acquisitions through business combinations 0 170
Increase (decrease) through net exchange
0 0
differences
Amortisation other intangible assets 0 0
Impairment loss recognised in profit or
0 -170
loss
Reversal of impairment loss recognised
0 0
in profit or loss
Revaluation increase (decrease), other
0 0
intangible assets
Impairment loss recognised in other
comprehensive income, other intangible 0 0
assets
Reversal of impairment loss recognised in
other comprehensive income, other 0 0
intangible assets
Increase (decrease) through
transfers and other changes, other
intangible assets [Abstract]
Increase (decrease) through
0 0
transfers, other intangible assets
Increase (decrease) through other
0 0
changes
Total increase (decrease) through
transfers and other changes, Other 0 0
intangible assets
Disposals and retirements, other
intangible assets [Abstract]
Disposals 0 0
Retirements 0 0
Total Disposals and retirements,
0 0
Other intangible assets
Decrease through classified as held for
0 0
sale
Decrease through loss of control of
0 0
subsidiary
Total increase (decrease) in Other
0 0
intangible assets
Other intangible assets at end of period 80 0 0 0

114
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

Disclosure of detailed information about other intangible assets [Table] ..(13)

Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of other intangible assets [Axis] Copyrights, patents and other operating rights [Member]
Sub classes of other intangible assets [Axis] Internally generated intangible assets [Member]
Accumulated
Carrying amount accumulated amortization and impairment and amortization and
Gross carrying amount [Member]
gross carrying amount [Axis] impairment
[Member]
01/04/2018 01/04/2017 01/04/2018
to to 31/03/2017 to
31/03/2019 31/03/2018 31/03/2019
Disclosure of detailed information about other
intangible assets [Abstract]
Disclosure of detailed information about other
intangible assets [Line items]
Reconciliation of changes in other intangible
assets [Abstract]
Changes in Other intangible assets [Abstract]
Additions other than through business
0 0
combinations
Acquisitions through business combinations 0 170
Increase (decrease) through net exchange
0 0
differences
Amortisation other intangible assets 0
Impairment loss recognised in profit or
0
loss
Reversal of impairment loss recognised
0
in profit or loss
Revaluation increase (decrease), other
0 0
intangible assets
Impairment loss recognised in other
comprehensive income, other intangible 0
assets
Reversal of impairment loss recognised in
other comprehensive income, other 0
intangible assets
Increase (decrease) through
transfers and other changes, other
intangible assets [Abstract]
Increase (decrease) through
0 0
transfers, other intangible assets
Increase (decrease) through other
0 0 0
changes
Total increase (decrease) through
transfers and other changes, Other 0 0 0
intangible assets
Disposals and retirements, other
intangible assets [Abstract]
Disposals 0 0 0
Retirements 0 0
Total Disposals and retirements,
0 0 0
Other intangible assets
Decrease through classified as held for
0 0 0
sale
Decrease through loss of control of
0 0 0
subsidiary
Total increase (decrease) in Other
0 170 0
intangible assets
Other intangible assets at end of period 170 170 0 170

115
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

Disclosure of detailed information about other intangible assets [Table] ..(14)

Unless otherwise specified, all monetary values are in Lakhs of INR
Copyrights, patents and other operating Other intellectual property rights
Classes of other intangible assets [Axis]
rights [Member] [Member]
Internally generated intangible assets Internally generated intangible assets
Sub classes of other intangible assets [Axis]
[Member] [Member]
Carrying amount accumulated amortization and impairment and Accumulated amortization and
Carrying amount [Member]
gross carrying amount [Axis] impairment [Member]
01/04/2017 01/04/2018 01/04/2017
to 31/03/2017 to to
31/03/2018 31/03/2019 31/03/2018
Disclosure of detailed information about other
intangible assets [Abstract]
Disclosure of detailed information about other
intangible assets [Line items]
Reconciliation of changes in other intangible
assets [Abstract]
Changes in Other intangible assets [Abstract]
Additions other than through business
0 0
combinations
Acquisitions through business combinations 0 170
Increase (decrease) through net exchange
0 0
differences
Amortisation other intangible assets 0 0 0
Impairment loss recognised in profit or
170 0 -170
loss
Reversal of impairment loss recognised
0 0 0
in profit or loss
Revaluation increase (decrease), other
0 0
intangible assets
Impairment loss recognised in other
comprehensive income, other intangible 0 0 0
assets
Reversal of impairment loss recognised in
other comprehensive income, other 0 0 0
intangible assets
Increase (decrease) through
transfers and other changes, other
intangible assets [Abstract]
Increase (decrease) through
0 0
transfers, other intangible assets
Increase (decrease) through other
0 0 0
changes
Total increase (decrease) through
transfers and other changes, Other 0 0 0
intangible assets
Disposals and retirements, other
intangible assets [Abstract]
Disposals 0 0 0
Retirements 0 0
Total Disposals and retirements,
0 0 0
Other intangible assets
Decrease through classified as held for
0 0 0
sale
Decrease through loss of control of
0 0 0
subsidiary
Total increase (decrease) in Other
170 0 0
intangible assets
Other intangible assets at end of period 170 0 0 0

116
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

Disclosure of detailed information about other intangible assets [Table] ..(15)

Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of other intangible assets [Axis] Other intellectual property rights [Member]
Sub classes of other intangible assets [Axis] Internally generated intangible assets [Member]
Carrying amount accumulated amortization and impairment and Carrying amount
Gross carrying amount [Member]
gross carrying amount [Axis] [Member]
01/04/2018 01/04/2017
31/03/2017 to to 31/03/2017
31/03/2019 31/03/2018
Disclosure of detailed information about other
intangible assets [Abstract]
Disclosure of detailed information about other
intangible assets [Line items]
Reconciliation of changes in other intangible
assets [Abstract]
Changes in Other intangible assets [Abstract]
Additions other than through business
0 0
combinations
Acquisitions through business combinations 0 170
Increase (decrease) through net exchange
0 0
differences
Revaluation increase (decrease), other
0 0
intangible assets
Increase (decrease) through
transfers and other changes, other
intangible assets [Abstract]
Increase (decrease) through
0 0
transfers, other intangible assets
Increase (decrease) through other
0 0
changes
Total increase (decrease) through
transfers and other changes, Other 0 0
intangible assets
Disposals and retirements, other
intangible assets [Abstract]
Disposals 0 0
Retirements 0 0
Total Disposals and retirements,
0 0
Other intangible assets
Decrease through classified as held for
0 0
sale
Decrease through loss of control of
0 0
subsidiary
Total increase (decrease) in Other
0 170
intangible assets
Other intangible assets at end of period 0 170 170 0

117
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

Disclosure of detailed information about other intangible assets [Table] ..(16)

Unless otherwise specified, all monetary values are in Lakhs of INR
Other intangible
Classes of other intangible assets [Axis] Other intellectual property rights [Member]
assets [Member]
Internally
generated
Sub classes of other intangible assets [Axis] Internally generated intangible assets [Member]
intangible assets
[Member]
Carrying amount accumulated amortization and impairment and Carrying amount
Accumulated amortization and impairment [Member]
gross carrying amount [Axis] [Member]
01/04/2018 01/04/2017 01/04/2018
to to 31/03/2017 to
31/03/2019 31/03/2018 31/03/2019
Disclosure of detailed information about other
intangible assets [Abstract]
Disclosure of detailed information about other
intangible assets [Line items]
Reconciliation of changes in other intangible
assets [Abstract]
Changes in Other intangible assets [Abstract]
Additions other than through business
0
combinations
Acquisitions through business combinations 0
Increase (decrease) through net exchange
0
differences
Amortisation other intangible assets 0 0 -92
Impairment loss recognised in profit or
0 170 0
loss
Reversal of impairment loss recognised
0 0 0
in profit or loss
Revaluation increase (decrease), other
0
intangible assets
Impairment loss recognised in other
comprehensive income, other intangible 0 0 0
assets
Reversal of impairment loss recognised in
other comprehensive income, other 0 0 0
intangible assets
Increase (decrease) through
transfers and other changes, other
intangible assets [Abstract]
Increase (decrease) through
0
transfers, other intangible assets
Increase (decrease) through other
0 0 0
changes
Total increase (decrease) through
transfers and other changes, Other 0 0 0
intangible assets
Disposals and retirements, other
intangible assets [Abstract]
Disposals 0 0 0
Retirements 0
Total Disposals and retirements,
0 0 0
Other intangible assets
Decrease through classified as held for
0 0 0
sale
Decrease through loss of control of
0 0 0
subsidiary
Total increase (decrease) in Other
0 170 -92
intangible assets
Other intangible assets at end of period 170 170 0 29

118
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

Disclosure of detailed information about other intangible assets [Table] ..(17)

Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of other intangible assets [Axis] Other intangible assets [Member]
Sub classes of other intangible assets [Axis] Internally generated intangible assets [Member]
Carrying amount accumulated amortization and impairment and
Carrying amount [Member] Gross carrying amount [Member]
gross carrying amount [Axis]
01/04/2017 01/04/2018 01/04/2017
to 31/03/2017 to to
31/03/2018 31/03/2019 31/03/2018
Disclosure of detailed information about other
intangible assets [Abstract]
Disclosure of detailed information about other
intangible assets [Line items]
Reconciliation of changes in other intangible
assets [Abstract]
Changes in Other intangible assets [Abstract]
Additions other than through business
25 0 25
combinations
Acquisitions through business combinations 59 0 59
Increase (decrease) through net exchange
0 0 0
differences
Amortisation other intangible assets -88
Impairment loss recognised in profit or
0
loss
Reversal of impairment loss recognised
0
in profit or loss
Revaluation increase (decrease), other
0 0 0
intangible assets
Impairment loss recognised in other
comprehensive income, other intangible 0
assets
Reversal of impairment loss recognised in
other comprehensive income, other 0
intangible assets
Increase (decrease) through
transfers and other changes, other
intangible assets [Abstract]
Increase (decrease) through
68 0 68
transfers, other intangible assets
Increase (decrease) through other
-74 0 0
changes
Total increase (decrease) through
transfers and other changes, Other -6 0 68
intangible assets
Disposals and retirements, other
intangible assets [Abstract]
Disposals 0 0 0
Retirements 0 0 0
Total Disposals and retirements,
0 0 0
Other intangible assets
Decrease through classified as held for
0 0 0
sale
Decrease through loss of control of
0 0 0
subsidiary
Total increase (decrease) in Other
-10 0 152
intangible assets
Other intangible assets at end of period 121 131 664 664

119
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

Disclosure of detailed information about other intangible assets [Table] ..(18)

Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of other intangible assets [Axis] Other intangible assets [Member]
Sub classes of other intangible assets [Axis] Internally generated intangible assets [Member]
Carrying amount accumulated amortization and impairment and Gross carrying
Accumulated amortization and impairment [Member]
gross carrying amount [Axis] amount [Member]
01/04/2018 01/04/2017
31/03/2017 to to 31/03/2017
31/03/2019 31/03/2018
Disclosure of detailed information about other
intangible assets [Abstract]
Disclosure of detailed information about other
intangible assets [Line items]
Reconciliation of changes in other intangible
assets [Abstract]
Changes in Other intangible assets [Abstract]
Amortisation other intangible assets 92 88
Impairment loss recognised in profit or
0 0
loss
Reversal of impairment loss recognised
0 0
in profit or loss
Impairment loss recognised in other
comprehensive income, other intangible 0 0
assets
Reversal of impairment loss recognised in
other comprehensive income, other 0 0
intangible assets
Increase (decrease) through
transfers and other changes, other
intangible assets [Abstract]
Increase (decrease) through other
0 74
changes
Total increase (decrease) through
transfers and other changes, Other 0 74
intangible assets
Disposals and retirements, other
intangible assets [Abstract]
Disposals 0 0
Total Disposals and retirements,
0 0
Other intangible assets
Decrease through classified as held for
0 0
sale
Decrease through loss of control of
0 0
subsidiary
Total increase (decrease) in Other
92 162
intangible assets
Other intangible assets at end of period 512 635 543 381

120
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

Disclosure of detailed information about other intangible assets [Table] ..(19)

Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of other intangible assets [Axis] Other intangible assets, others [Member]
Sub classes of other intangible assets [Axis] Internally generated intangible assets [Member]
Carrying amount accumulated amortization and impairment and Gross carrying
Carrying amount [Member]
gross carrying amount [Axis] amount [Member]
01/04/2018 01/04/2017 01/04/2018
to to 31/03/2017 to
31/03/2019 31/03/2018 31/03/2019
Disclosure of detailed information about other
intangible assets [Abstract]
Disclosure of detailed information about other
intangible assets [Line items]
Website and Mobile Website and Mobile Website and Mobile
Nature of other intangible assets others Application Application Application
Reconciliation of changes in other intangible
assets [Abstract]
Changes in Other intangible assets [Abstract]
Additions other than through business
0 25 0
combinations
Acquisitions through business combinations 0 59 0
Increase (decrease) through net exchange
0 0 0
differences
Amortisation other intangible assets -92 -88
Impairment loss recognised in profit or
0 0
loss
Reversal of impairment loss recognised
0 0
in profit or loss
Revaluation increase (decrease), other
0 0 0
intangible assets
Impairment loss recognised in other
comprehensive income, other intangible 0 0
assets
Reversal of impairment loss recognised in
other comprehensive income, other 0 0
intangible assets
Increase (decrease) through
transfers and other changes, other
intangible assets [Abstract]
Increase (decrease) through
0 68 0
transfers, other intangible assets
Increase (decrease) through other
0 -74 0
changes
Total increase (decrease) through
transfers and other changes, Other 0 -6 0
intangible assets
Disposals and retirements, other
intangible assets [Abstract]
Disposals 0 0 0
Retirements 0 0 0
Total Disposals and retirements,
0 0 0
Other intangible assets
Decrease through classified as held for
0 0 0
sale
Decrease through loss of control of
0 0 0
subsidiary
Total increase (decrease) in Other
-92 -10 0
intangible assets
Other intangible assets at end of period 29 121 131 664

121
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

Disclosure of detailed information about other intangible assets [Table] ..(20)

Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of other intangible assets [Axis] Other intangible assets, others [Member]
Sub classes of other intangible assets [Axis] Internally generated intangible assets [Member]
Carrying amount accumulated amortization and impairment and Accumulated amortization and
Gross carrying amount [Member]
gross carrying amount [Axis] impairment [Member]
01/04/2017 01/04/2018 01/04/2017
to 31/03/2017 to to
31/03/2018 31/03/2019 31/03/2018
Disclosure of detailed information about other
intangible assets [Abstract]
Disclosure of detailed information about other
intangible assets [Line items]
Website and Mobile Website and Mobile Website and Mobile
Nature of other intangible assets others Application Application Application
Reconciliation of changes in other intangible
assets [Abstract]
Changes in Other intangible assets [Abstract]
Additions other than through business
(A) 25
combinations
Acquisitions through business combinations 59
Increase (decrease) through net exchange
0
differences
Amortisation other intangible assets 92 88
Impairment loss recognised in profit or
0 0
loss
Reversal of impairment loss recognised
0 0
in profit or loss
Revaluation increase (decrease), other
0
intangible assets
Impairment loss recognised in other
comprehensive income, other intangible 0 0
assets
Reversal of impairment loss recognised in
other comprehensive income, other 0 0
intangible assets
Increase (decrease) through
transfers and other changes, other
intangible assets [Abstract]
Increase (decrease) through
68
transfers, other intangible assets
Increase (decrease) through other
0 0 74
changes
Total increase (decrease) through
transfers and other changes, Other 68 0 (B) 74
intangible assets
Disposals and retirements, other
intangible assets [Abstract]
Disposals 0 0 0
Retirements 0
Total Disposals and retirements,
0 0 0
Other intangible assets
Decrease through classified as held for
0 0 0
sale
Decrease through loss of control of
0 0 0
subsidiary
Total increase (decrease) in Other
152 92 162
intangible assets
Other intangible assets at end of period 664 512 635 543

(A) Addition on April 01, 2017 pusuant to merger scheme

(B) Addition as on April 01, 2017 - 9 Lakhs
Transfer due to merger scheme - 24 Lakhs
Acquisition of business - 41 Lakhs

122
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

Disclosure of detailed information about other intangible assets [Table] ..(21)

Unless otherwise specified, all monetary values are in Lakhs of INR
Other intangible
Classes of other intangible assets [Axis] assets, others
[Member]
Internally
generated
Sub classes of other intangible assets [Axis]
intangible assets
[Member]
Accumulated
amortization and
Carrying amount accumulated amortization and impairment and gross carrying amount [Axis]
impairment
[Member]
31/03/2017
Disclosure of detailed information about other intangible assets [Abstract]
Disclosure of detailed information about other intangible assets [Line items]
Reconciliation of changes in other intangible assets [Abstract]
Other intangible assets at end of period 381

Disclosure of additional information about other intangible assets [Table] ..(1)

Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of other intangible assets [Axis] Brands [Member] Trade marks [Member]
Internally generated intangible assets Internally generated intangible assets
Sub classes of other intangible assets [Axis]
[Member] [Member]
01/04/2018 01/04/2017 01/04/2018 01/04/2017
to to to to
31/03/2019 31/03/2018 31/03/2019 31/03/2018
Disclosure of additional information about other
intangible assets [Abstract]
Disclosure of additional information about
other intangible assets [Line items]
Description of line item(s) in statement of
Trade name and Trade name and
comprehensive income in which amortisation database database
Brand - Right to use Brand - Right to use
of intangible assets is included
Company amortises Company amortises Company amortises Company amortises
intangible assets intangible assets with intangible assets intangible assets with
Amortisation method, other intangible assets with a finite useful a finite useful life with a finite useful a finite useful life
life using the using the straight-line life using the using the straight-line
straight-line method method straight-line method method
Useful lives or amortisation rates, other
3 years 3 years Indefinite Indefinite
intangible assets
Whether other intangible assets are stated at
No No No No
revalued amount

Disclosure of additional information about other intangible assets [Table] ..(2)

Unless otherwise specified, all monetary values are in Lakhs of INR
Other intellectual property rights
Classes of other intangible assets [Axis] Computer software [Member]
[Member]
Internally generated intangible assets Internally generated intangible assets
Sub classes of other intangible assets [Axis]
[Member] [Member]
01/04/2018 01/04/2017 01/04/2018 01/04/2017
to to to to
31/03/2019 31/03/2018 31/03/2019 31/03/2018
Disclosure of additional information about other
intangible assets [Abstract]
Disclosure of additional information about
other intangible assets [Line items]
Company amortises Company amortises Company amortises Company amortises
intangible assets intangible assets with intangible assets intangible assets with
Amortisation method, other intangible assets with a finite useful a finite useful life with a finite useful a finite useful life
life using the using the straight-line life using the using the straight-line
straight-line method method straight-line method method
Useful lives or amortisation rates, other
2.5-5 years 2.5-5 years 3 years 3 years
intangible assets
Whether other intangible assets are stated at
No No No No
revalued amount

123
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

Disclosure of additional information about other intangible assets [Table] ..(3)

Unless otherwise specified, all monetary values are in Lakhs of INR
Other intangible assets, others
Classes of other intangible assets [Axis]
[Member]
Internally generated intangible assets
Sub classes of other intangible assets [Axis]
[Member]
01/04/2018 01/04/2017
to to
31/03/2019 31/03/2018
Disclosure of additional information about other intangible assets [Abstract]
Disclosure of additional information about other intangible assets [Line items]
Description of line item(s) in statement of comprehensive income in which Website and Mobile Website and Mobile
amortisation of intangible assets is included Application Application
Company amortises Company amortises
intangible assets intangible assets with
Amortisation method, other intangible assets with a finite useful a finite useful life
life using the using the straight-line
straight-line method method
Useful lives or amortisation rates, other intangible assets 3-5 years 3-5 years
Whether other intangible assets are stated at revalued amount No No

Unless otherwise specified, all monetary values are in Lakhs of INR

01/04/2018 01/04/2017
to to
31/03/2019 31/03/2018
Textual information (19)
Disclosure of other intangible assets [TextBlock] [See below]
Disclosure of detailed information about other intangible assets
[TextBlock]
Disclosure of intangible assets with indefinite useful life [TextBlock]
Whether there are intangible assets with indefinite useful life No No

124
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

Textual information (19)

Disclosure of other intangible assets [Text Block]

Other
Goodwill Intangible Total
Assets

Brand
Tradename Computer Intellectual
Mobile -
and - Website property Total
Application Right
database Software rights
to use

Year ended 31
March 18

Gross carrying
amount

As at 1 April
1,543 1,149 247 265 - -
2017 113

Addition on 1
April 2017
pursuant to
- 2 - 24 1 - -
the merger
scheme (refer
note 41)

As at 1 April
2017 (Post 1,543 1,151 271 266 - -
113
merger)

Transfer
pursuant to
the merger - 0 68
scheme (Refer
note 41)

Acquisition of
business
17,482 1,620 59 - 15,626 170
(Refer note 74
40)

Additions - - - - - - -

Disposals - - - - - - -

Closing gross
carrying 19,025 2,771 398 266 15,626 170
187
amount

125
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

Accumulated
amortisation

Opening
accumulated 178 227 144 237 - -
80
amortisation

Addition on 1
April 2017
pursuant to
- # 0 - 9 0 - -
the merger
scheme (refer
note 41)

Opening
accumulated
178 227 153 237 - -
amortisation 80
(Post merger)

Transfer
pursuant to
the merger - 0 - 24 - - -
scheme (Refer
note 41)

Acquisition of
business
- - 41 - - -
(Refer note 50
40)

Amortisation
charge for the - 672 84 4 - -
28
year

Disposals - - - - - - -

Impairment
- - - - - - 170
charge

Closing
accumulated 178 899 302 241 - 170
158
amortisation

Net carrying
18,847 1,872 96 25 15,626 -
amount 29

Year ended 31
March 19

126
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

Gross carrying
amount

As at 1 April
19,025 2,771 398 266 15,626 170
2018 187

Additions - - - -

Disposals - - - - - -

Closing gross
carrying 19,025 2,771 398 266 15,626 170
187
amount

Accumulated
amortisation

Opening
accumulated 178 899 302 241 - 170
158
amortisation

Amortisation
charge for the - 1,863 88 4 - -
25
year

Disposals - - - - - - -

Impairment
1,571 - - - - - -
charge

Closing
accumulated 1,749 2,762 390 245 - 170
183
amortisation

Net carrying
17,276 9 8 21 15,626 -
amount 4

Notes:

The
management
tests whether
goodwill and
intangible
assets
assigned as
indefinite
useful life
have suffered
any
impairment on

127
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

an annual
basis. The
recoverable
amount of a
cash
generating unit
(CGU) is
determined
based on
value-in-use
calculations
which require
the use of
assumptions.
The
calculations
use cash flow
projections
based on
financial
budgets
approved by
the
management
covering
seven year
period. Cash
flows beyond
seven year
period are
extrapolated
using the
estimated
growth rates.
The
management
has identified
each
independent
platform/
company in
the group as a
CGU as they
are capable of
generating
independent
cash flows.
Those
platforms that
have been
merged with
Quikr.com and
are non
existant
(Grabhouse,
Zimmber,
Hiree and
Babajobs) are
considered as
a part of
Quikr.com
CGU as
Quikr.com has
synergies in
revenue and
expenses from
discontinuation
of these
platforms.
HDFC is well
known trade
name in India
and the Group
intends to

128
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

leverage the
Brand to
generate cash
flows in the
foreseeable
future also.
Hence, the
Group
management
have
considered the
life of the right
to use the
brand of
HDFC is
considered to
be infinite.
Critical
assumptions
used in testing
impairment
are:

[401000] Notes - Biological assets other than bearer plants

Unless otherwise specified, all monetary values are in Lakhs of INR
01/04/2018 01/04/2017
to to
31/03/2019 31/03/2018
Disclosure of biological assets, agriculture produce at point of
harvest and government grants related to biological assets
[TextBlock]
Depreciation method, biological assets other than bearer plants, at cost NA NA
Useful lives or depreciation rates, biological assets other than bearer
NA NA
plants, at cost

[611100] Notes - Financial instruments

Disclosure of financial assets [Table] ..(1)

Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of financial assets [Axis] Financial assets at amortised cost, class [Member]
Financial assets at fair value through Financial assets at amortised cost,
Categories of financial assets [Axis]
profit or loss, category [Member] category [Member]
01/04/2018 01/04/2017
31/03/2019 31/03/2018 to to
31/03/2019 31/03/2018
Disclosure of financial assets [Abstract]
Disclosure of financial assets [Line items]
Financial assets 1,856 1,381 26,208 19,021
Financial assets, at fair value 1,856 1,381 26,208 19,021
Description of other financial assets at
amortised cost class

Disclosure of financial assets [Table] ..(2)

Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of financial assets [Axis] Corporate loans [Member] Trade receivables [Member]
Financial assets at fair value through
Financial assets at amortised cost,
Categories of financial assets [Axis] profit or loss, mandatorily measured at
category [Member]
fair value, category [Member]
31/03/2019 31/03/2018 31/03/2019 31/03/2018
Disclosure of financial assets [Abstract]
Disclosure of financial assets [Line items]
Financial assets 17,007 10,045 1,856 1,381
Financial assets, at fair value 17,007 10,045 1,856 1,381

129
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

Disclosure of financial assets [Table] ..(3)

Unless otherwise specified, all monetary values are in Lakhs of INR
Other financial assets at amortised cost Other financial assets at amortised cost
Classes of financial assets [Axis]
class [Member] class 1 [Member]
Financial assets at amortised cost, Financial assets at amortised cost,
Categories of financial assets [Axis]
category [Member] category [Member]
01/04/2018 01/04/2017 01/04/2018 01/04/2017
to to to to
31/03/2019 31/03/2018 31/03/2019 31/03/2018
Disclosure of financial assets [Abstract]
Disclosure of financial assets [Line items]
Financial assets 9,201 8,976 8,752 3,674
Financial assets, at fair value 9,201 8,976 8,752 3,674
Cash and cash Cash and cash
equivalents & Bank equivalents & Bank
Description of other financial assets at
balances other than balances other than
amortised cost class cash and cash cash and cash
equivalent equivalent

Disclosure of financial assets [Table] ..(4)

Unless otherwise specified, all monetary values are in Lakhs of INR
Other financial assets at amortised cost Other financial assets at amortised cost
Classes of financial assets [Axis]
class 2 [Member] class 3 [Member]
Financial assets at amortised cost, Financial assets at amortised cost,
Categories of financial assets [Axis]
category [Member] category [Member]
01/04/2018 01/04/2017 01/04/2018 01/04/2017
to to to to
31/03/2019 31/03/2018 31/03/2019 31/03/2018
Disclosure of financial assets [Abstract]
Disclosure of financial assets [Line items]
Financial assets 449 1,214 0 4,088
Financial assets, at fair value 449 1,214 0 4,088
Description of other financial assets at Other financial Investment in bonds Investment in bonds
Other financial assets
amortised cost class assets and debentures and debentures

Disclosure of financial assets [Table] ..(5)

Unless otherwise specified, all monetary values are in Lakhs of INR
Financial assets at fair value, class Other financial assets at fair value class
Classes of financial assets [Axis]
[Member] [Member]
Financial assets at amortised cost, Financial assets at amortised cost,
Categories of financial assets [Axis]
category [Member] category [Member]
01/04/2018 01/04/2017 01/04/2018 01/04/2017
to to to to
31/03/2019 31/03/2018 31/03/2019 31/03/2018
Disclosure of financial assets [Abstract]
Disclosure of financial assets [Line items]
Financial assets 1,763 7,316 1,763 7,316
Financial assets, at fair value 1,763 7,316 1,763 7,316
Description of other financial assets at fair
value class

Disclosure of financial assets [Table] ..(6)

Unless otherwise specified, all monetary values are in Lakhs of INR
Other financial assets at fair value class
Classes of financial assets [Axis]
1 [Member]
Financial assets at amortised cost,
Categories of financial assets [Axis]
category [Member]
01/04/2018 01/04/2017
to to
31/03/2019 31/03/2018
Disclosure of financial assets [Abstract]
Disclosure of financial assets [Line items]
Financial assets 1,763 7,316
Financial assets, at fair value 1,763 7,316
Investment in Investment in mutual
Description of other financial assets at fair value class mutual fund fund

130
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

Disclosure of financial liabilities [Table] ..(1)

Unless otherwise specified, all monetary values are in Lakhs of INR
Financial liabilities at amortised cost,
Classes of financial liabilities [Axis]
class [Member]
Financial liabilities at amortised cost,
Categories of financial liabilities [Axis]
category [Member]
31/03/2019 31/03/2018
Disclosure of financial liabilities [Abstract]
Disclosure of financial liabilities [Line items]
Financial liabilities 18,130 6,794
Financial liabilities, at fair value 18,130 6,794

Unless otherwise specified, all monetary values are in Lakhs of INR

01/04/2018 01/04/2017
to to
31/03/2019 31/03/2018
Textual information (20)
Disclosure of financial instruments [TextBlock] [See below]
Disclosure of financial assets [TextBlock]
Disclosure of financial assets [Abstract]
Disclosure of financial liabilities [TextBlock]
Disclosure of financial liabilities [Abstract]
Income, expense, gains or losses of financial instruments [Abstract]
Gains (losses) on financial instruments [Abstract]
Total gains (losses) on financial assets at fair value through
0 0
profit or loss
Total gains (losses) on financial liabilities at fair value
0 0
through profit or loss
Gain (loss) arising from derecognition of financial assets measured
at amortised cost [Abstract]
Net gain (loss) arising from derecognition of financial assets
0 0
measured at amortised cost
Disclosure of credit risk [TextBlock]
Disclosure of reconciliation of changes in loss allowance and
explanation of changes in gross carrying amount for financial
instruments [TextBlock]
Disclosure of reconciliation of changes in loss allowance
and explanation of changes in gross carrying amount for
financial instruments [Abstract]
Disclosure of credit risk exposure [TextBlock]
Disclosure of credit risk exposure [Abstract]
Disclosure of provision matrix [TextBlock]
Disclosure of provision matrix [Abstract]
Disclosure of financial instruments by type of interest rate [TextBlock]
Disclosure of financial instruments by type of interest rate [Abstract]

131
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

Textual information (20)

Disclosure of financial instruments [Text Block]

Note 32: Financial risk management objectives and

policies

The Group’s principal financial liabilities comprise

borrowings, trade payables and other financial
liabilities. The Group’s principal financial assets include
investments, loans, trade and other receivables, cash
and cash equivalents, other bank balances and other
financial assets that derive directly from its operations.
The Group's activities exposes it to market risk, liquidity
risk and credit risk. The Group's risk management is
carried out by the management under the policies
approved of the Board of Directors that help in
identification, measurement, mitigation and reporting all
risks associated with the activities of the Group These
risks are identified on a continuous basis and assessed
for the impact on the financial performance. The Board
of Directors reviews and agrees policies for managing
each of these risks, which are summarised below.

(a) Market risk

Market risk is the risk that the fair value of future cash
flows of a financial instrument will fluctuate because of
changes in market prices. Market risk comprises three
types of risk: interest rate risk, currency risk and equity
price risk. Financial instruments affected by market risk
include loans and borrowings, trade payables, deposits
and investments.

i. Foreign Currency Risk

The operations of the Group is mainly in India.

However the Group has rendered certain services to
overseas customers and has received certain services
from foreign vendors which are denominated in US
Dollar (USD). Hence, the Group is currently exposed to
the currency risk arising from fluctuation of USD and
Indian rupee exchange rates. The management
considers the exposure to the foreign currency risk is
not material and hence no hedging is performed
against such exposures at present.

The currency profile of financial assets and liabilities

are as below:

31 March 31 March
2019 2018

132
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

Financial assets

Trade receivables denominated in USD lakhs 1 1

Equivalent amount in Rs. Lakhs 44 56

Financial liability

Trades payable denominated in USD lakhs - 0

Equivalent amount in Rs. Lakhs - 5

Net Exposure in USD lakhs 1 1

Equivaluent amount in Rs. Lakhs 44 51

The currency exposure is not material to the Group,

hence the effect of reasonable change in the exchange
rate does not result into material gain/loss to the Group.

ii. Interest rate risk

The Group is exposed to interest rate risk because of

the term loan taken by the Holding Company with Axis
bank which carry floating interest rates. All other
financial assets/ liabilities are carried at amortised cost
or have fixed interest rates. For Financial year ended
31 March 2018 , the Group was not exposed to interest
rate risk.

Effect of change in interest rate of term loans on the

profit before tax of the Group is as below:

31 March
2019

100 basis 100 basis

points points
increase decrease

Impact on profit before tax expense (5) 5

133
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

iii. Price risk

The Group exposure to price risk arises for investment

in mutual funds and unquoted bonds and debentures
held by the Group and classified in the balance sheet
as FVTPL. To manage its price risk arising from
investments in mutual funds, the Group diversifies its
portfolio.

Sensitivity

The table below summarises the impact of

increase/decrease of the Net Asset Value (NAV) on the
profit for the period. The analysis is based on the
assumption that the NAV price would increase 5% and
decrease by 5% with all variables held constant.

Impact on
profit/ loss
before tax

31 March 31 March
2019 2018

Price - increase by 5% 88 615

Price - decrease by 5% (88) (615)

Note 32: Financial risk management objectives and

policies - continued

(b) Credit risk

Credit risk arises from cash/deposit held with banks

and financial institutions, as well as credit exposure
related to outstanding loans, trade receivables and
other financial assets. The maximum exposure to credit
risk is equal to the carrying value of the financial
assets. The objective of managing counterparty credit
risk is to prevent losses in financial assets. The Group
assesses the credit quality of the counterparties, taking
into account their financial position, past experience
and other relevant factors.

(i) Trade receivables

General credit period for the customers is 15 to 60

days. Ageing of trade receivables and the provision in

134
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

books for trade receivables overdue:

180
Les than More than
days-365 Total
180 days 365 days
days

As at 31 March 2019

Trade receivables 1,385 591 747 2,723

Allowance for expected loss - (867)

(139) (728)

Total trade receivables (Net of allowance for expected

452 19
loss) 1,385 1,856

180
Les than More than
days-365 Total
180 days 365 days
days

As at 31 March 2018

Trade receivables 1,313 874 75 2,262

Allowance for expected loss (33) (881)

(172) (676)

Total trade receivables (Net of allowance for expected

198 42
loss) 1,141 1,381

31 March 31 March
Reconciliation of loss allowance
2019 2018

Opening balance 881 92

Add: Additional provision/ reversals 23 890

Less: Utilisation/reversals (37) (101)

Closing balance 867 881

Management does not expect any significant loss from

non-performance by counterparties on credit granted
during the financial year that has not been provide for.

135
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

(ii) Financial instrument and cash deposit

Credit risk from balances with the banks, loans,

investments and other financial assets and current
investment are managed by the Group based on the
Group's policy and is managed by the Group's
Treasury Team. Investment of surplus fund is made
only with approved counterparties.

The management has assessed the credit risk of the

loans provided to related parties, working capital loans
provided to its customers and investment in debentures
of IL&FS. Based on the assessement, the Company
has made the following provision :

31 March
Reconciliation of loss allowance
2019

Opening balance -

Add: Additional provision 1,369

Less: Utilisation/reversals -

Closing balance 1,369

Management does not expect any significant loss from

non-performance by counterparties on the balances
with the banks and other financial assets.

Note 32: Financial risk management objectives and

policies - continued

(c) Liquidity risk

Prudent liquidity risk management implies maintaining

sufficient cash and marketable securities and the
availability of funding through an adequate amount of
committed credit facilities to meet obligations when due
and to close out market positions. Due to the dynamic
nature of the underlying businesses, Group maintains
flexibility in funding by maintaining appropriate level of
funds. The Group has unused borrowing facility of Rs.
2,000 from Axis bank as at year end 31 March 2019
(31 March 2018 : Nil).

The table below summarises the maturity profile of the

Group's financial liabilities based on contractual
undiscounted payments.

On Less than 1 More than

136
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

demand year 1 year Total

As at 31 March 2019

Borrowings - 4,808 9,269 14,077

Trade payables - 2,015 - 2,015

Other financial liabilities - 4,776 - 4,776

- 11,599 9,269 20,868

On Less than 1 More than

Total
demand year 1 year

As at 31 March 2018

Trade payables - 3,780 - 3,780

Other financial liabilities - 3,014 - 3,014

- 6,794 - 6,794

Note 33: Capital management

For the purpose of the Group’s capital management,

capital includes issued equity capital, and all other
equity reserves attributable to the equity holders of the
Group. The primary objective of the Group’s capital
management is to maintain a strong capital base to
ensure sustained growth in business and to maximize
the shareholders value. The capital management
focuses to maintain an optimal structure that balances
growth and maximizes shareholder value.

The Group manages its capital structure and makes

adjustments in light of changes in economic conditions
and the requirements of the financial covenants. To
maintain or adjust the capital structure, the Group may
adjust the dividend payment to shareholders, return
capital to shareholders or issue new shares. The Group
monitors capital using a gearing ratio, which is
borrowings divided by total shareholders funds plus
borrowings. The Group’s policy is to keep the gearing
ratio minimal. The Group includes within net debt,
interest bearing loans and borrowings. For financial
year ended 31 March 2018 there were no borrowings
and the Group was entirely funded through equity.

31 March
2019

137
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

Borrowings(refer note 16) 7,705

Current maturity of borrowings 3,634

Total Borrowings 11,339

Total Equity 58,366

Capital and net debt 69,705

Gearing ratio 16%

[611300] Notes - Regulatory deferral accounts

Unless otherwise specified, all monetary values are in Lakhs of INR
01/04/2018 01/04/2017
to to
31/03/2019 31/03/2018
Disclosure of regulatory deferral accounts [TextBlock]
Total regulatory deferral account debit balances 0 0
Total regulatory deferral account credit balances 0 0
Total net movement in regulatory deferral account balances
0 0
related to profit or loss
Total net movement in regulatory deferral account
balances related to profit or loss and net movement in 0 0
related deferred tax
Total other comprehensive income, net of tax,
net movement in regulatory deferral account
0 0
balances related to items that will be
reclassified to profit or loss

[400400] Notes - Non-current investments

Details of non-current investments [Table] ..(1)

Unless otherwise specified, all monetary values are in Lakhs of INR
Classification of non-current investments [Axis] 1
01/04/2018 01/04/2017
to to
31/03/2019 31/03/2018
Non-current investments [Abstract]
Disclosure of details of non-current investments [Abstract]
Details of non-current investments [Line items]
Investments in Investments in
Type of non-current investments debentures or bonds debentures or bonds
Class of non-current investments Other investments Other investments
Non-current investments 0 485
Unquoted Bonds Unquoted Bonds and
Name of body corporate in whom investment has been made and Debentures Debentures
Number of shares of non-current investment made in body corporate [shares] 0 [shares] 0

Unless otherwise specified, all monetary values are in Lakhs of INR

01/04/2018
to 31/03/2018
31/03/2019
Textual information (21)
Disclosure of notes on non-current investments explanatory [TextBlock] [See below]
Aggregate amount of quoted non-current investments 0 0
Market value of quoted non-current investments 0 0
Aggregate amount of unquoted non-current investments 0 485
Aggregate provision for diminution in value of non-current investments 0 0

138
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

Textual information (21)

Disclosure of notes on non-current investments explanatory [Text Block]

31 March 2019 31 March 2018

Note 5 : Investments others

Non-Current

Investment in equity shares of India Property Online Private Limited (FVOCI) 0 -

100 (31 March 2018: Nil) equity shares of Rs. 1 each, fully paid

Investment in equity shares of Propfinder India Private LImited(FVOCI) 0 -

1 (31 March 2018: Nil) equity shares of Rs. 1 each, fully paid

Investment in unquoted bonds and debentures (FVTPL) - 485

0 485

Aggregate amount of quoted investments and market value thereof - -

Aggregate amount of unquoted investments 0 485

Aggregate amount of impairment in the value of investments - -

139
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

[400500] Notes - Current investments

Details of current investments [Table] ..(1)

Unless otherwise specified, all monetary values are in Lakhs of INR
Classification of current investments [Axis] 1 2
01/04/2018 01/04/2017 01/04/2018 01/04/2017
to to to to
31/03/2019 31/03/2018 31/03/2019 31/03/2018
Current investments [Abstract]
Disclosure of details of current investments
[Abstract]
Details of current investments [Line items]
Investments in Investments in Investments in Investments in
Type of current investments mutual funds mutual funds mutual funds mutual funds
Class of current investments Current investments Current investments Current investments Current investments
Current investments 50 50 811.12 0
Basis of valuation of current investments FVTPL FVTPL FVTPL FVTPL
Aditya Birla Sun
Aditya Birla Sun life
life Money
Name of body corporate in whom investment has Money Manager ICICI Pru Savings ICICI Pru Savings
Manager Fund -
been made Fund - Growth Direct -Growth Direct -Growth
Growth Regular
Regular Plan
Plan
Number of shares of current investment made
[shares] 27,396 [shares] 27,396 [shares] 2,29,255 [shares] 0
in body corporate

Details of current investments [Table] ..(2)

Unless otherwise specified, all monetary values are in Lakhs of INR
Classification of current investments [Axis] 3 4
01/04/2018 01/04/2017 01/04/2018 01/04/2017
to to to to
31/03/2019 31/03/2018 31/03/2019 31/03/2018
Current investments [Abstract]
Disclosure of details of current investments
[Abstract]
Details of current investments [Line items]
Investments in
Investments in Investments in Investments in
Type of current investments mutual funds mutual funds debentures or bonds
debentures or
bonds
Current
Class of current investments Current investments Current investments Current investments
investments
Current investments 848.88 800 (A) 0 0
Basis of valuation of current investments FVTPL FVTPL Amotised Cost Amotised Cost
Unquoted Bonds,
Aditya Birla SL Aditya Birla SL Investment in unquoted
Name of body corporate in whom investment has debentures &
Savings Savings bonds, debentures and
been made commercial
Direct-Growth Direct-Growth commercial papers
papers
Number of shares of current investment made
[shares] 2,32,970 [shares] 2,55,924 [shares] 0 [shares] 0
in body corporate

Footnotes
(A) Investment in unquoted bonds, debentures and commercial papers (Amortised cost): 461 Lakhs
(-) Less: allowance for credit impaired balances: (461 Lakhs)

140
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

Details of current investments [Table] ..(3)

Unless otherwise specified, all monetary values are in Lakhs of INR
Classification of current investments [Axis] 5 6
01/04/2018 01/04/2017 01/04/2018 01/04/2017
to to to to
31/03/2019 31/03/2018 31/03/2019 31/03/2018
Current investments [Abstract]
Disclosure of details of current investments
[Abstract]
Details of current investments [Line items]
Investments in
Investments in Investments in Investments in mutual
Type of current investments mutual funds mutual funds
debentures or
funds
bonds
Current
Class of current investments Current investments Current investments
investments
Current investments

Current investments 53 266.96 0 943.3

Basis of valuation of current investments FVTPL FVTPL FVTPL FVTPL
"ICICI Pru FMP Series
Name of body corporate in whom investment has ICICI Pru Credit Unquoted bonds
NA 76 1185D Plan
been made Risk-Growth & debenture
Hgrowth"
Number of shares of current investment made
[shares] 0 [shares] 17,66,978 [shares] 0 [shares] 7,18,400
in body corporate

Details of current investments [Table] ..(4)

Unless otherwise specified, all monetary values are in Lakhs of INR
Classification of current investments [Axis] 7 8
01/04/2018 01/04/2017 01/04/2018 01/04/2017
to to to to
31/03/2019 31/03/2018 31/03/2019 31/03/2018
Current investments [Abstract]
Disclosure of details of current investments
[Abstract]
Details of current investments [Line items]
Investments in Investments in Investments in Investments in
Type of current investments mutual funds mutual funds mutual funds mutual funds
Class of current investments Current investments Current investments Current investments Current investments
Current investments 0 79.45 0 2,000
Basis of valuation of current investments FVTPL FVTPL FVTPL FVTPL
"Ultra Short
"Ultra Short Duration
Name of body corporate in whom investment has Duration Fund ICICI Pru Ultra ICICI Pru Ultra Short
Fund Aditya Birla SL
been made Aditya Birla SL Short Term-Growth Term-Growth
Savings-Growth"
Savings-Growth"
Number of shares of current investment made
[shares] 0 [shares] 23,251 [shares] 0 [shares] 1,39,65,018
in body corporate

Details of current investments [Table] ..(5)

Unless otherwise specified, all monetary values are in Lakhs of INR
Classification of current investments [Axis] 9 10
01/04/2018 01/04/2017 01/04/2018 01/04/2017
to to to to
31/03/2019 31/03/2018 31/03/2019 31/03/2018
Current investments [Abstract]
Disclosure of details of current investments
[Abstract]
Details of current investments [Line items]
Investments in Investments in Investments in Investments in
Type of current investments mutual funds mutual funds mutual funds mutual funds
Class of current investments Current investments Current investments Current investments Current investments
Current investments 0 278.22 0 600
Basis of valuation of current investments FVTPL FVTPL FVTPL FVTPL
"Birla Sun Life "Birla Sun Life Short
Name of body corporate in whom investment has EARCL F8F601 EARCL F8F601
Short Term Fund - Term Fund - Reg -
been made OPTION A OPTION A
Reg - Growth" Growth"
Number of shares of current investment made
[shares] 0 [shares] 275 [shares] 0 [shares] 9,79,488
in body corporate

141
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

Details of current investments [Table] ..(6)

Unless otherwise specified, all monetary values are in Lakhs of INR
Classification of current investments [Axis] 11 12
01/04/2018 01/04/2017 01/04/2018 01/04/2017
to to to to
31/03/2019 31/03/2018 31/03/2019 31/03/2018
Current investments [Abstract]
Disclosure of details of current investments
[Abstract]
Details of current investments [Line items]
Investments in Investments in Investments in Investments in
Type of current investments mutual funds mutual funds mutual funds mutual funds
Class of current investments Current investments Current investments Current investments Current investments
Current investments 0 482.66 0 500
Basis of valuation of current investments FVTPL FVTPL FVTPL FVTPL
"Reliance Banking
Name of body corporate in whom investment has "ICICI Pru Flexible "ICICI Pru Flexible "Reliance Banking &
& PSU Debt
been made Income Direct -G" Income Direct -G" PSU Debt Direct-G"
Direct-G"
Number of shares of current investment made
[shares] 0 [shares] 1,48,120 [shares] 0 [shares] 42,89,231
in body corporate

Details of current investments [Table] ..(7)

Unless otherwise specified, all monetary values are in Lakhs of INR
Classification of current investments [Axis] 13 14
01/04/2018 01/04/2017 01/04/2018 01/04/2017
to to to to
31/03/2019 31/03/2018 31/03/2019 31/03/2018
Current investments [Abstract]
Disclosure of details of current investments
[Abstract]
Details of current investments [Line items]
Investments in Investments in Investments in Investments in
Type of current investments mutual funds mutual funds debentures or bonds debentures or bonds
Class of current investments Current investments Current investments Current investments Current investments
Debenture & Debenture &
Nature of current investments Commercial Paper Commercial Paper
Current investments 0 800 0 460.91
Basis of valuation of current investments FVTPL FVTPL Amortised Cost Amortised Cost
"IL&FS "IL&FS
"Reliance Medium "Reliance Medium
Name of body corporate in whom investment has FINANCIAL FINANCIAL
Term Fund Direct - Term Fund Direct -
been made SERVICES SERVICES
Growth" Growth"
LIMITED CP" LIMITED CP"
Number of shares of current investment made
[shares] 0 [shares] 23,54,118 [shares] 0 [shares] 100
in body corporate

Details of current investments [Table] ..(8)

Unless otherwise specified, all monetary values are in Lakhs of INR
Classification of current investments [Axis] 15 16
01/04/2018 01/04/2017 01/04/2018 01/04/2017
to to to to
31/03/2019 31/03/2018 31/03/2019 31/03/2018
Current investments [Abstract]
Disclosure of details of current investments
[Abstract]
Details of current investments [Line items]
Investments in Investments in Investments in Investments in
Type of current investments debentures or bonds debentures or bonds debentures or bonds debentures or bonds
Class of current investments Current investments Current investments Current investments Current investments
Debenture & Debenture & Debenture & Debenture &
Nature of current investments Commercial Paper Commercial Paper Commercial Paper Commercial Paper
Current investments 0 464.03 0 2,650.9
Basis of valuation of current investments Amortised Cost Amortised Cost Amortised Cost Amortised Cost
"12.75% INDIA "12.75% INDIA
INFOLINE INFOLINE
"Kotak Mahindra "Kotak Mahindra
Name of body corporate in whom investment has FINANCE FINANCE LIMITED
Investments Ltd Cp Investments Ltd Cp
been made LIMITED OPT-II OPT-II 12.75 NCD
365 D" 365 D"
12.75 NCD 17SP18 1 7 S P 1 8
FVRS1000_N6" FVRS1000_N6"
Number of shares of current investment made
[shares] 0 [shares] 100 [shares] 0 [shares] 2,50,000
in body corporate

142
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

Details of current investments [Table] ..(9)

Unless otherwise specified, all monetary values are in Lakhs of INR
Classification of current investments [Axis] 17 18
01/04/2018 01/04/2017 01/04/2018 01/04/2017
to to to to
31/03/2019 31/03/2018 31/03/2019 31/03/2018
Current investments [Abstract]
Disclosure of details of current investments
[Abstract]
Details of current investments [Line items]
Investments in Investments in Investments in Investments in
Type of current investments debentures or bonds debentures or bonds debentures or bonds debentures or bonds
Class of current investments Current investments Current investments Current investments Current investments
Debenture & Debenture &
Nature of current investments Commercial Paper Commercial Paper
Current investments 0 506.39 0 3,920.83
Basis of valuation of current investments Amortised Cost Amortised Cost FVTPL FVTPL
"INDIA INFOLINE "INDIA INFOLINE
"Tata Capital "Tata Capital H O U S I N G HOUSING
Name of body corporate in whom investment has Housing Finance Housing Finance FINANCE LTD FINANCE LTD
been made Limited Sr-O 8.615 Limited Sr-O 8.615 SR-IHF 002 BR SR-IHF 002 BR
Ncd" Ncd" NCD 21DC18 NCD 21DC18
FVRS10LAC" FVRS10LAC"
Number of shares of current investment made
[shares] 0 [shares] 50 [shares] 0 [shares] 310
in body corporate

Details of current investments [Table] ..(10)

Unless otherwise specified, all monetary values are in Lakhs of INR
Classification of current investments [Axis] 19 20
01/04/2018 01/04/2017 01/04/2018 01/04/2017
to to to to
31/03/2019 31/03/2018 31/03/2019 31/03/2018
Current investments [Abstract]
Disclosure of details of current investments
[Abstract]
Details of current investments [Line items]
Investments in Investments in Investments in Investments in
Type of current investments debentures or bonds debentures or bonds debentures or bonds debentures or bonds
Class of current investments Current investments Current investments Current investments Current investments
Current investments 0 488.45 0 253.55
Basis of valuation of current investments FVTPL FVTPL FVTPL FVTPL
"9.10% DEBT "INDIA INFOLINE
"9.10% DEBT "INDIA INFOLINE
MONTHLY IIFL HOUSING
MONTHLY IIFL HOUSING
WEALTH FINANCE LTD
Name of body corporate in whom investment has WEALTH FINANCE FINANCE LTD
FINANCE SRIHF 001 TYPE
been made LIMITED NCD SRIHF 001 TYPE B
LIMITED NCD B BR NCD
SERIES B2 220722 BR NCD 21DC18
SERIES B2 220722 21DC18
FVRS10LAC" FVRS10LAC"
FVRS10LAC" FVRS10LAC"
Number of shares of current investment made
[shares] 0 [shares] 48 [shares] 0 [shares] 20
in body corporate

Details of current investments [Table] ..(11)

Unless otherwise specified, all monetary values are in Lakhs of INR
Classification of current investments [Axis] 21
01/04/2018 01/04/2017
to to
31/03/2019 31/03/2018
Current investments [Abstract]
Disclosure of details of current investments [Abstract]
Details of current investments [Line items]
Investments in Investments in
Type of current investments debentures or bonds debentures or bonds
Class of current investments Current investments Current investments
Current investments 0 (A) 363.35
Basis of valuation of current investments FVTPL FVTPL
"8% Bajaj Finance "8% Bajaj Finance
Name of body corporate in whom investment has been made Ltd 16 M Cumm Ltd 16 M Cumm
Option Fd " Option Fd "
Number of shares of current investment made in body corporate [shares] 0 [shares] 4,77,00,000

Footnotes
(A) Adjusted to INDAS calculations. Original Amount invested : 477 Lakhs

143
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

Unless otherwise specified, all monetary values are in Lakhs of INR

01/04/2018
to 31/03/2018
31/03/2019
Textual information (22)
Disclosure of notes on current investments explanatory [TextBlock] [See below]
Aggregate amount of quoted current investments 1,763 7,316
Market value of quoted current investments 1,763 7,316
Aggregate amount of unquoted current investments 0 8,593
Aggregate provision for diminution in value of current investments 0 0

Textual information (22)

Disclosure of notes on current investments explanatory [Text Block]

Current

Investment in quoted mutual funds (FVTPL) 1,763 7,316

Investment in unquoted bonds, debentures and commercial papers (Amortised cost) 4,088

Investment in unquoted bonds and debentures (FVTPL) - 4,505

2,224 15,909

Less: allowance for credit impaired balances (461) -

1,763 15,909

Aggregate amount of quoted investments and market value thereof 1,763 7,316

Aggregate amount of unquoted investments 461 8,593

Aggregate amount of impairment in the value of investments (461) -

144
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

[611600] Notes - Non-current asset held for sale and discontinued operations
Unless otherwise specified, all monetary values are in Lakhs of INR
01/04/2018 01/04/2017
to to
31/03/2019 31/03/2018
Disclosure of non-current assets held for sale and discontinued operations
[TextBlock]
Net cash flows from (used in) operating activities, continuing
-21,907 -25,041
operations
Net cash flows from (used in) operating activities -21,907 -25,041
Net cash flows from (used in) investing activities, continuing
14,561 25,335
operations
Net cash flows from (used in) investing activities 14,561 25,335
Net cash flows from (used in) financing activities, continuing
12,400 -1
operations
Net cash flows from (used in) financing activities 12,400 -1

145
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

[400100] Notes - Equity share capital

Disclosure of classes of equity share capital [Table] ..(1)

Unless otherwise specified, all monetary values are in Lakhs of INR
Equity shares 1
Classes of equity share capital [Axis] Equity shares [Member]
[Member]
01/04/2018 01/04/2017 01/04/2018
to to 31/03/2017 to
31/03/2019 31/03/2018 31/03/2019
Disclosure of classes of equity share capital [Abstract]
Disclosure of classes of equity share capital [Line
items]
Type of share Equity
Number of shares authorised [shares] 1,35,94,730 [shares] 1,31,00,060 [shares] 1,35,94,730
Value of shares authorised 1,359.47 1,310.01 1,359.47
Number of shares issued [shares] 1,11,27,519 [shares] 1,10,96,734 [shares] 1,11,27,519
Value of shares issued 1,112.75 1,109.67 1,112.75
Number of shares subscribed and fully paid [shares] 1,11,27,519 [shares] 1,10,96,734 [shares] 1,11,27,519
Value of shares subscribed and fully paid 1,112.75 1,109.67 1,112.75
Number of shares subscribed but not fully paid [shares] 0 [shares] 0 [shares] 0
Value of shares subscribed but not fully paid 0 0 0
Total number of shares subscribed [shares] 1,11,27,519 [shares] 1,10,96,734 [shares] 1,11,27,519
Total value of shares subscribed 1,112.75 1,109.67 1,112.75
Value of shares paid-up [Abstract]
Number of shares paid-up [shares] 1,11,27,519 [shares] 1,10,96,734 [shares] 1,11,27,519
Value of shares called 1,112.75 1,109.67 1,112.75
Value of shares paid-up 1,112.75 1,109.67 1,112.75
Par value per share [INR/shares] 10
Amount per share called in case shares not fully
[INR/shares] 0
called
Reconciliation of number of shares outstanding
[Abstract]
Changes in number of shares outstanding
[Abstract]
Increase in number of shares outstanding
[Abstract]
Number of shares issued in public offering [shares] 0 [shares] 0 [shares] 0
Number of shares issued as bonus shares [shares] 0 [shares] 0 [shares] 0
Number of shares issued as rights [shares] 30,775 [shares] 0 [shares] 30,775
Number of shares issued in private
placement arising out of conversion of
[shares] 0 [shares] 0 [shares] 0
debentures preference shares during
period
Number of shares issued in other private
[shares] 0 [shares] 0 [shares] 0
placement
Number of shares issued as preferential
allotment arising out of conversion of
[shares] 0 [shares] 0 [shares] 0
debentures preference shares during
period
Number of shares issued as other
[shares] 0 [shares] 0 [shares] 0
preferential allotment
Number of shares issued in shares based
[shares] 0 [shares] 0 [shares] 0
payment transactions
Number of shares issued under scheme of
[shares] 10 [shares] 0 [shares] 10
amalgamation
Number of other issues of shares [shares] 0 [shares] 0 [shares] 0
Number of shares issued under employee
[shares] 0 [shares] 0 [shares] 0
stock option plan
Number of other issue of shares
arising out of conversion of [shares] 0 [shares] 0 [shares] 0
securities
Total aggregate number of shares issued
[shares] 30,785 [shares] 0 [shares] 30,785
during period
Decrease in number of shares during period
[Abstract]
Number of shares bought back or treasury
[shares] 0 [shares] 0 [shares] 0
shares
Other decrease in number of shares [shares] 0 [shares] 0 [shares] 0

146
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

Total decrease in number of shares during

[shares] 0 [shares] 0 [shares] 0
period
Total increase (decrease) in number of
[shares] 30,785 [shares] 0 [shares] 30,785
shares outstanding
Number of shares outstanding at end of period [shares] 1,11,27,519 [shares] 1,10,96,734 [shares] 1,10,96,734 [shares] 1,11,27,519
Reconciliation of value of shares outstanding
[Abstract]
Changes in equity share capital [Abstract]
Increase in equity share capital during
period [Abstract]
Amount of public issue during period 0 0 0
Amount of bonus issue during period 0 0 0
Amount of rights issue during period 3.07 0 3.07
Amount of private placement issue
arising out of conversion of debentures 0 0 0
preference shares during period
Amount of other private placement issue
0 0 0
during period
Amount of preferential allotment issue
arising out of conversion of debentures 0 0 0
preference shares during period
Amount of other preferential allotment
0 0 0
issue during period
Amount of share based payment
0 0 0
transactions during period
Amount of issue under scheme of
0.01 0 0.01
amalgamation during period
Amount of other issues during period 0 0 0
Amount of shares issued under employee
0 0 0
stock option plan
Amount of other issue arising out of
conversion of securities during 0 0 0
period
Total aggregate amount of increase
3.08 0 3.08
in equity share capital during period
Decrease in equity share capital during
period [Abstract]
Decrease in amount of treasury shares
0 0 0
or shares bought back
Other decrease in amount of shares 0 0 0
Total decrease in equity share capital
0 0 0
during period
Total increase (decrease) in share capital 3.08 0 3.08
Equity share capital at end of period 1,112.75 1,109.67 1,109.67 1,112.75
Shares in company held by holding company or
ultimate holding company or by its subsidiaries
or associates [Abstract]
Shares in company held by holding company [shares] 1,11,27,517 [shares] 0 [shares] 1,11,27,517
Total shares in company held by holding company
or ultimate holding company or by its [shares] 1,11,27,517 [shares] 0 [shares] 1,11,27,517
subsidiaries or associates
Details of application money received for
allotment of securities and due for refund and
interest accrued thereon [Abstract]
Application money received for allotment of
securities and due for refund and interest
accrued thereon [Abstract]
Total application money received for
allotment of securities and due for refund 0 0 0
and interest accrued thereon
Type of share Equity

147
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

Disclosure of classes of equity share capital [Table] ..(2)

Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of equity share capital [Axis] Equity shares 1 [Member]
01/04/2017
to 31/03/2017
31/03/2018
Disclosure of classes of equity share capital [Abstract]
Disclosure of classes of equity share capital [Line items]
Type of share Equity
Number of shares authorised [shares] 1,31,00,060
Value of shares authorised 1,310.01
Number of shares issued [shares] 1,10,96,734
Value of shares issued 1,109.67
Number of shares subscribed and fully paid [shares] 1,10,96,734
Value of shares subscribed and fully paid 1,109.67
Number of shares subscribed but not fully paid [shares] 0
Value of shares subscribed but not fully paid 0
Total number of shares subscribed [shares] 1,10,96,734
Total value of shares subscribed 1,109.67
Value of shares paid-up [Abstract]
Number of shares paid-up [shares] 1,10,96,734
Value of shares called 1,109.67
Value of shares paid-up 1,109.67
Par value per share [INR/shares] 10
Amount per share called in case shares not fully called [INR/shares] 0
Reconciliation of number of shares outstanding [Abstract]
Changes in number of shares outstanding [Abstract]
Increase in number of shares outstanding [Abstract]
Number of shares issued in public offering [shares] 0
Number of shares issued as bonus shares [shares] 0
Number of shares issued as rights [shares] 0
Number of shares issued in private placement arising out of conversion
[shares] 0
of debentures preference shares during period
Number of shares issued in other private placement [shares] 0
Number of shares issued as preferential allotment arising out of
[shares] 0
conversion of debentures preference shares during period
Number of shares issued as other preferential allotment [shares] 0
Number of shares issued in shares based payment transactions [shares] 0
Number of shares issued under scheme of amalgamation [shares] 0
Number of other issues of shares [shares] 0
Number of shares issued under employee stock option plan [shares] 0
Number of other issue of shares arising out of conversion of securities [shares] 0
Total aggregate number of shares issued during period [shares] 0
Decrease in number of shares during period [Abstract]
Number of shares bought back or treasury shares [shares] 0
Other decrease in number of shares [shares] 0
Total decrease in number of shares during period [shares] 0
Total increase (decrease) in number of shares outstanding [shares] 0
Number of shares outstanding at end of period [shares] 1,10,96,734 [shares] 1,10,96,734
Reconciliation of value of shares outstanding [Abstract]
Changes in equity share capital [Abstract]
Increase in equity share capital during period [Abstract]
Amount of public issue during period 0
Amount of bonus issue during period 0
Amount of rights issue during period 0
Amount of private placement issue arising out of conversion of
0
debentures preference shares during period
Amount of other private placement issue during period 0
Amount of preferential allotment issue arising out of conversion of
0
debentures preference shares during period
Amount of other preferential allotment issue during period 0
Amount of share based payment transactions during period 0
Amount of issue under scheme of amalgamation during period 0
Amount of other issues during period 0
Amount of shares issued under employee stock option plan 0
Amount of other issue arising out of conversion of securities during period 0
Total aggregate amount of increase in equity share capital during period 0
Decrease in equity share capital during period [Abstract]

148
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

Decrease in amount of treasury shares or shares bought back 0

Other decrease in amount of shares 0
Total decrease in equity share capital during period 0
Total increase (decrease) in share capital 0
Equity share capital at end of period 1,109.67 1,109.67
Shares in company held by holding company or ultimate holding company or by its
subsidiaries or associates [Abstract]
Shares in company held by holding company [shares] 0
Total shares in company held by holding company or ultimate holding company
[shares] 0
or by its subsidiaries or associates
Details of application money received for allotment of securities and due for
refund and interest accrued thereon [Abstract]
Application money received for allotment of securities and due for refund and
interest accrued thereon [Abstract]
Total application money received for allotment of securities and due for
0
refund and interest accrued thereon
Type of share Equity

Disclosure of shareholding more than five per cent in company [Table] ..(1)
Unless otherwise specified, all monetary values are in Lakhs of INR
Classes of equity share capital [Axis] Equity shares 1 [Member]
Name of shareholder [Axis] Name of shareholder [Member] Shareholder 1 [Member]
01/04/2018 01/04/2017 01/04/2018 01/04/2017
to to to to
31/03/2019 31/03/2018 31/03/2019 31/03/2018
Type of share Equity Equity Equity Equity
Disclosure of shareholding more than five per cent in
company [Abstract]
Disclosure of shareholding more than five per cent
in company [LineItems]
Type of share Equity Equity Equity Equity
Quikr Mauritius Quikr Mauritius
Name of shareholder Holding Limited Holding Limited
Country of incorporation or residence of
MAURITIUS MAURITIUS
shareholder
Number of shares held in company [shares] 1,11,27,517 [shares] 1,10,96,732
Percentage of shareholding in company 99.99% 99.99%

Unless otherwise specified, all monetary values are in Lakhs of INR

01/04/2018 01/04/2017
to to
31/03/2019 31/03/2018
Disclosure of notes on equity share capital explanatory [TextBlock]
Whether there are any shareholders holding more than five per cent
Yes Yes
shares in company
Number of persons on private placement of equity share 0 0
Number of shareholders of company 0 0
Number of allottees in case of preferential allotment 0 0
Percentage of capital reduction to capital prior to reduction 0.00% 0.00%
Whether money raised from public offering during year No No
Amount raised from public offering during year 0 0
Amount utilised towards specified purposes for public offering 0 0
Amount remaining unutilised received in respect of public offering 0 0

149
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

[400300] Notes - Borrowings

Classification of borrowings [Table] ..(1)

Unless otherwise specified, all monetary values are in Lakhs of INR
Classification based on current non-current [Axis] Non-current [Member]
Classification of borrowings [Axis] Borrowings [Member] Bonds/debentures [Member]
Subclassification of borrowings [Axis] Secured borrowings [Member] Secured borrowings [Member]
01/04/2018 01/04/2017 01/04/2018 01/04/2017
to to to to
31/03/2019 31/03/2018 31/03/2019 31/03/2018
Borrowings notes [Abstract]
Details of borrowings [Abstract]
Details of borrowings [Line items]
Borrowings 7,705 0 1,768 0
Nature of security [Abstract]
Nature of security

Classification of borrowings [Table] ..(2)

Unless otherwise specified, all monetary values are in Lakhs of INR
Classification based on current non-current [Axis] Non-current [Member]
Non-convertible debentures others
Classification of borrowings [Axis] Debentures [Member]
[Member]
Subclassification of borrowings [Axis] Secured borrowings [Member] Secured borrowings [Member]
01/04/2018 01/04/2017 01/04/2018 01/04/2017
to to to to
31/03/2019 31/03/2018 31/03/2019 31/03/2018
Borrowings notes [Abstract]
Details of borrowings [Abstract]
Details of borrowings [Line items]
Borrowings 1,768 0 (A) 1,768 0
Nature of security [Abstract]
Textual information Textual information
Nature of security (23) [See below] (24) [See below]

Footnotes
(A) 14.25% Non-convertible debenture - 1980 Lakhs
Less: current maturity of Non-convertible debenture : (212 Lakhs)

Classification of borrowings [Table] ..(3)

Unless otherwise specified, all monetary values are in Lakhs of INR
Classification based on current non-current [Axis] Non-current [Member]
Redeemable preference shares
Classification of borrowings [Axis] Term loans [Member]
[Member]
Subclassification of borrowings [Axis] Secured borrowings [Member] Secured borrowings [Member]
01/04/2018 01/04/2017 01/04/2018 01/04/2017
to to to to
31/03/2019 31/03/2018 31/03/2019 31/03/2018
Borrowings notes [Abstract]
Details of borrowings [Abstract]
Details of borrowings [Line items]
Borrowings 1,346 0 4,591 0
Nature of security [Abstract]
Quikr Mauritius
Quikr Mauritius
Holding Limited
Holding Limited has
has provided
provided guarantee to
Nature of security guarantee to the
the holder of RPS in
holder of RPS in
respect of redemption
respect of
of RPS.
redemption of RPS.

150
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

Classification of borrowings [Table] ..(4)

Unless otherwise specified, all monetary values are in Lakhs of INR
Classification based on current non-current [Axis] Non-current [Member]
Rupee term loans from banks
Classification of borrowings [Axis] Term loans from banks [Member]
[Member]
Subclassification of borrowings [Axis] Secured borrowings [Member] Secured borrowings [Member]
01/04/2018 01/04/2017 01/04/2018 01/04/2017
to to to to
31/03/2019 31/03/2018 31/03/2019 31/03/2018
Borrowings notes [Abstract]
Details of borrowings [Abstract]
Details of borrowings [Line items]
Borrowings 2,972 0 2,972 0
Nature of security [Abstract]
Textual information Textual information
Nature of security (25) [See below] (26) [See below]

Classification of borrowings [Table] ..(5)

Unless otherwise specified, all monetary values are in Lakhs of INR
Classification based on current non-current [Axis] Non-current [Member]
Rupee term loans from others
Classification of borrowings [Axis] Term loans from others [Member]
[Member]
Subclassification of borrowings [Axis] Secured borrowings [Member] Secured borrowings [Member]
01/04/2018 01/04/2017 01/04/2018 01/04/2017
to to to to
31/03/2019 31/03/2018 31/03/2019 31/03/2018
Borrowings notes [Abstract]
Details of borrowings [Abstract]
Details of borrowings [Line items]
Borrowings 1,619 0 (A) 1,619 0
Nature of security [Abstract]
Textual information Textual information
Nature of security (27) [See below] (28) [See below]

Footnotes
(A) From non-banking financial company - 5,041 Lakhs
Less: current maturity of term loan : (3,422 Lakhs)

Details of bonds or debentures [Table] ..(1)

Unless otherwise specified, all monetary values are in Lakhs of INR
Details of bonds or debentures [Axis] 1 2
01/04/2018 01/04/2017 01/04/2018 01/04/2017
to to to to
31/03/2019 31/03/2018 31/03/2019 31/03/2018
Borrowings notes [Abstract]
Details of bonds or debentures [Abstract]
Details of bonds or debentures [Line items]
Whether bonds or debentures Debenture Debenture Debenture Debenture
Nature of bond or debenture Fully convertible Fully convertible Fully convertible Fully convertible
Holder of bond or debenture Banks Banks Intercorporate Intercorporate
Rate of interest 0.00% 0.00% 0.00% 0.00%
Textual information Textual information Textual information Textual information
Particulars of redemption or conversion (29) [See below] (30) [See below] (31) [See below] (32) [See below]
Nominal value per bond or debenture 10 10 10 10
Number of bonds or debentures 3,87,013 3,87,013 1,49,913 1,49,913
Amount of bonds or debentures issued during
0 39 0 0
period

151
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

Details of bonds or debentures [Table] ..(2)

Unless otherwise specified, all monetary values are in Lakhs of INR
Details of bonds or debentures [Axis] 3
01/04/2018 01/04/2017
to to
31/03/2019 31/03/2018
Borrowings notes [Abstract]
Details of bonds or debentures [Abstract]
Details of bonds or debentures [Line items]
Whether bonds or debentures Debenture Debenture
Nature of bond or debenture Fully convertible Fully convertible
Holder of bond or debenture Intercorporate Intercorporate
Rate of interest 0.00% 0.00%
Textual information Textual information
Particulars of redemption or conversion (33) [See below] (34) [See below]
Nominal value per bond or debenture 1,000 1,000
Number of bonds or debentures 11,445 11,445
Amount of bonds or debentures issued during period 0 100

Unless otherwise specified, all monetary values are in Lakhs of INR

01/04/2018
to
31/03/2019
Textual information (35)
Disclosure of notes on borrowings explanatory [TextBlock] [See below]

Textual information (23)

Nature of security
Secured by the way of pari passu first charge over the present and future fixed and current assets of the Holding Company excluding all
intellectual property and intellectual property rights and an unconditional and irrevocable corporate guarantee from Quikr Mauritius Holding
Limited

Textual information (24)

Nature of security
Secured by the way of pari passu first charge over the present and future fixed and current assets of the Holding Company excluding all
intellectual property and intellectual property rights and an unconditional and irrevocable corporate guarantee from Quikr Mauritius Holding
Limited

Textual information (25)

Nature of security
First pari-passu charge on present and future current assets and moveable fixed assets of the Holding Company excluding intellectual
property right, brand, intangibles of technology stack/product suite if any and unconditional and irrevocable corporate guarantee from Quikr
Mauritius Holding Limited

Textual information (26)

Nature of security
First pari-passu charge on present and future current assets and moveable fixed assets of the Holding Company excluding intellectual
property right, brand, intangibles of technology stack/product suite if any and unconditional and irrevocable corporate guarantee from Quikr
Mauritius Holding Limited

Textual information (27)

Nature of security
Secured by the way of pari passu first charge over the present and future fixed and current assets of the Holding Company excluding all
intellectual property and intellectual property rights and an unconditional and irrevocable corporate guarantee from Quikr Mauritius Holding
Limited

152
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

Textual information (28)

Nature of security
Secured by the way of pari passu first charge over the present and future fixed and current assets of the Holding Company excluding all
intellectual property and intellectual property rights and an unconditional and irrevocable corporate guarantee from Quikr Mauritius Holding
Limited

Textual information (29)

Particulars of redemption or conversion

CCDs shall be fully convertible into equity shares automatically upon the 20th anniversary from the date of allotment in the ratio of 1:1. In
the alternative, CCDs may be converted into equity shares at any time before the 20th anniversary either by the Company or CCD holder.
The CCDs shall not carry any security or collateral and hence shall be unsecured in nature. Both the CCDs have the same rights and
conversion ratio.

Textual information (30)

Particulars of redemption or conversion

CCDs shall be fully convertible into equity shares automatically upon the 20th anniversary from the date of allotment in the ratio of 1:1. In
the alternative, CCDs may be converted into equity shares at any time before the 20th anniversary either by the Company or CCD holder.
The CCDs shall not carry any security or collateral and hence shall be unsecured in nature. Both the CCDs have the same rights and
conversion ratio.

Textual information (31)

Particulars of redemption or conversion

CCDs shall be fully convertible into equity shares automatically upon the 20th anniversary from the date of allotment in the ratio of 1:1. In
the alternative, CCDs may be converted into equity shares at any time before the 20th anniversary either by the Company or CCD holder.
The CCDs shall not carry any security or collateral and hence shall be unsecured in nature. Both the CCDs have the same rights and
conversion ratio.

Textual information (32)

Particulars of redemption or conversion

CCDs shall be fully convertible into equity shares automatically upon the 20th anniversary from the date of allotment in the ratio of 1:1. In
the alternative, CCDs may be converted into equity shares at any time before the 20th anniversary either by the Company or CCD holder.
The CCDs shall not carry any security or collateral and hence shall be unsecured in nature. Both the CCDs have the same rights and
conversion ratio.

Textual information (33)

Particulars of redemption or conversion

CCDs shall be fully convertible into equity shares automatically upon the 20th anniversary from the date of allotment in the ratio of 1:1. In
the alternative, CCDs may be converted into equity shares at any time before the 20th anniversary either by the Company or CCD holder.
The CCDs shall not carry any security or collateral and hence shall be unsecured in nature. Both the CCDs have the same rights and
conversion ratio.

Textual information (34)

Particulars of redemption or conversion

CCDs shall be fully convertible into equity shares automatically upon the 20th anniversary from the date of allotment in the ratio of 1:1. In
the alternative, CCDs may be converted into equity shares at any time before the 20th anniversary either by the Company or CCD holder.
The CCDs shall not carry any security or collateral and hence shall be unsecured in nature. Both the CCDs have the same rights and
conversion ratio.

153
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

Textual information (35)

Disclosure of notes on borrowings explanatory [Text Block]

Non-current

Secured

Redeemable preference shares [Refer note 13(b)] 1,346 -

14.25% Non-convertible debenture (Refer note (a) below) 1,980 -

Term loan

From non-banking financial company [(Refer note (b)(i) below] 5,041 -

From bank [(Refer note (b)(ii) below] 2,972 -

11,339 -

Less: current maturity of term loan (refer note 18) -

(3,422)

Less: current maturity of Non-convertible debenture (refer note 18) -

7,705 -

Note 16: Borrowings - continued

a) 14.25% Non-convertible debenture

The 14.25% non-convertible debenture issued to Trifecta venture debt

fund is secured by the way of pari passu first charge over the present and
future fixed and current assets of the Holding Company excluding all
intellectual property and intellectual property rights and an unconditional
and irrevocable corporate guarantee from Quikr Mauritius Holding
Limited. The principal amount would be repayable over 27 equal monthly
installments commencing from 31 January 2020. The interest amount will
be payable at monthly rests on the last day of each month. The Effective
interest rate is 14.86%. The funds are raised for general business
purpose of the Holding Company. As the Holding Company does not
have profits available for payment of dividend, Debenture Redemption
Reserve (DRR) is not created.

154
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

b) Term loan

i) The term loan from Innoven Capital India Private Limited is secured by
exclusive first charge by the way of hypothecation of all existing and
future fixed, current and non-current assets of the Holding Company
excluding all intellectual property and intellectual property rights and
continuing unconditional guarantee from Quikr Mauritius Holding Limited.
The loan carries a fixed interest rate of 13.90% p.a. The Effective interest
rate is 14.49%. The interest will be payable at monthly rests on the first
day of each month. The principal amount would be repayable over 25
equal monthly installments commencing from 1 March 2019. The loan is
raised for general business purpose of the Holding Company. The lender
has vide pari-passu letter agreement dated 1 April 2019 has ceded pari
passu first charge in favour of debenture trustee acting for the debenture
holders.

ii) The terms loan from Axis bank is secured by first pari-passu charge on
present and future current assets and moveable fixed assets of the
Holding Company excluding intellectual property right, brand, intangibles
of technology stack/product suite if any and unconditional and irrevocable
corporate guarantee from Quikr Mauritius Holding Limited. The loan
carries an interest at rate of 3M MCLR+4.95% p.a. payable monthly. The
effective interest rate is 13.60%. The principal amount would be
repayable over 29 equal monthly installments commencing from 1 June
2019. The loan is raised for meeting capital expenditure, working capital
and cash flow requirement of the Holding Company. The lender has vide
pari-passu letter agreement dated 29 March 2019 has ceded pari passu
first charge in favour of debenture trustee acting for the debenture
holders.

31
31 March
c) Net Debt reconciliation March
2019
2018

Cash and cash equivalents 8,713 3,659

Long term borrowings -

(11,339)

(2,626)
3,659

155
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

[612700] Notes - Income taxes

Disclosure of temporary difference, unused tax losses and unused tax credits [Table] ..(1)
Unless otherwise specified, all monetary values are in Lakhs of INR
Temporary
Temporary difference, unused tax losses and unused tax credits Temporary difference, unused tax losses and unused tax
differences
[Axis] credits [Member]
[Member]
01/04/2018 01/04/2017 01/04/2018
to to 31/03/2017 to
31/03/2019 31/03/2018 31/03/2019
Disclosure of temporary difference, unused tax
losses and unused tax credits [Abstract]
Disclosure of temporary difference, unused
tax losses and unused tax credits [Line items]
Deferred tax assets and liabilities [Abstract]
Deferred tax assets 364 0 364
Deferred tax liabilities 364 498 364
Net deferred tax liability (assets) 0 498 241 0
Deferred tax expense (income) [Abstract]
Deferred tax expense (income)
Deferred tax expense (income)
-498 -233 -498
recognised in profit or loss
Reconciliation of changes in deferred tax
liability (assets) [Abstract]
Changes in deferred tax liability (assets)
[Abstract]
Deferred tax expense (income)
-498 -233 -498
recognised in profit or loss
Increase (decrease) through business
combinations, deferred tax liability 0 490 0
(assets)
Total increase (decrease) in deferred
-498 257 -498
tax liability (assets)
Deferred tax liability (assets) at end of
0 498 241 0
period
Description of other temporary differences

156
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

Disclosure of temporary difference, unused tax losses and unused tax credits [Table] ..(2)
Unless otherwise specified, all monetary values are in Lakhs of INR
Temporary difference, unused tax losses and unused tax credits
Temporary differences [Member] Other temporary differences [Member]
[Axis]
01/04/2017 01/04/2018 01/04/2017
to 31/03/2017 to to
31/03/2018 31/03/2019 31/03/2018
Disclosure of temporary difference, unused tax
losses and unused tax credits [Abstract]
Disclosure of temporary difference, unused
tax losses and unused tax credits [Line items]
Deferred tax assets and liabilities [Abstract]
Deferred tax assets 0 364 0
Deferred tax liabilities 498 364 498
Net deferred tax liability (assets) 498 241 0 498
Deferred tax expense (income) [Abstract]
Deferred tax expense (income)
Deferred tax expense (income)
-233 -498 -233
recognised in profit or loss
Reconciliation of changes in deferred tax
liability (assets) [Abstract]
Changes in deferred tax liability (assets)
[Abstract]
Deferred tax expense (income)
-233 -498 -233
recognised in profit or loss
Increase (decrease) through business
combinations, deferred tax liability 490 0 490
(assets)
Total increase (decrease) in deferred
257 -498 257
tax liability (assets)
Deferred tax liability (assets) at end of
498 241 0 498
period
Description of other temporary differences

Disclosure of temporary difference, unused tax losses and unused tax credits [Table] ..(3)
Unless otherwise specified, all monetary values are in Lakhs of INR
Other temporary
Temporary difference, unused tax losses and unused tax credits
differences Other temporary differences 1 [Member]
[Axis]
[Member]
01/04/2018 01/04/2017
31/03/2017 to to 31/03/2017
31/03/2019 31/03/2018
Disclosure of temporary difference, unused tax
losses and unused tax credits [Abstract]
Disclosure of temporary difference, unused
tax losses and unused tax credits [Line items]
Deferred tax assets and liabilities [Abstract]
Deferred tax assets 364 0
Deferred tax liabilities 364 498
Net deferred tax liability (assets) 241 0 498 241
Deferred tax expense (income) [Abstract]
Deferred tax expense (income)
Deferred tax expense (income)
-498 -233
recognised in profit or loss
Reconciliation of changes in deferred tax
liability (assets) [Abstract]
Changes in deferred tax liability (assets)
[Abstract]
Deferred tax expense (income)
-498 -233
recognised in profit or loss
Increase (decrease) through business
combinations, deferred tax liability 0 490
(assets)
Total increase (decrease) in deferred
-498 257
tax liability (assets)
Deferred tax liability (assets) at end of
241 0 498 241
period
unabsorbed depreciation unabsorbed depreciation
Description of other temporary differences and carried forward and carried forward
business losses business losses

157
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

Unless otherwise specified, all monetary values are in Lakhs of INR

01/04/2018 01/04/2017
to to 31/03/2017
31/03/2019 31/03/2018
Textual information (36)
Disclosure of income tax [TextBlock] [See below]
Major components of tax expense (income) [Abstract]
Current tax expense (income) and adjustments for current tax of prior
periods [Abstract]
Total current tax expense (income) and adjustments for current tax
0 0
of prior periods
Total tax expense (income) 0 0
Current and deferred tax relating to items charged or credited directly
to equity [Abstract]
Total aggregate current and deferred tax relating to items credited
0 0
(charged) directly to equity
Income tax relating to components of other comprehensive income [Abstract]
Total aggregated income tax relating to components of other
0 0
comprehensive income
Aggregated income tax relating to share of other comprehensive
income of associates and joint ventures accounted for using 0 0
equity method
Disclosure of temporary difference, unused tax losses and unused tax Textual information (37)
credits [TextBlock] [See below]
Disclosure of temporary difference, unused tax losses and unused tax
credits [Abstract]
Deferred tax assets and liabilities [Abstract]
Deferred tax assets 364 0
Deferred tax liabilities 364 498
Net deferred tax liability (assets) 0 498 241
Deferred tax expense (income) [Abstract]
Deferred tax expense (income) recognised in profit or loss -498 -233
Reconciliation of changes in deferred tax liability (assets)
[Abstract]
Changes in deferred tax liability (assets) [Abstract]
Deferred tax expense (income) recognised in profit or loss -498 -233
Increase (decrease) through business combinations,
0 490
deferred tax liability (assets)
Total increase (decrease) in deferred tax liability (assets) -498 257
Deferred tax liability (assets) at end of period 0 498 241
Description of other temporary differences
Reconciliation of accounting profit multiplied by applicable tax rates
[Abstract]
Total tax expense (income) 0 0
Reconciliation of average effective tax rate and applicable tax rate
[Abstract]
Total average effective tax rate 0.00% 0.00%

158
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

Textual information (36)

Disclosure of income tax [Text Block]

Note 27: Income tax expense/(income)

Short / (Excess) provision for tax relating to prior years - 1

Deferred tax credit (498) (233)

Income tax expense/(income) (498) (232)

Reconciliation of tax expense and tax based on accounting profit:

Profit/(loss) before income tax expense (23,538) (23,975)

Tax at the Indian tax rate of 26% (2018: 30.90%) (6,120) (7,408)

Tax effect of:

Deferred tax not recognised on current year losses 3,906 4,392

Deferred tax not recognised on current year temporary and permanent differences 1,663

Effect of change in substantially enacted tax rate - 1,172

Others (223) (51)

Income tax expense/(income) (498) (232)

159
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

Textual information (37)

Disclosure of temporary difference, unused tax losses and unused tax credits [Text Block]

Note 15: Deferred tax liablities/ (assets)

The Group has significant unabsorbed

depreciation and carried forward business
losses. No deferred tax asset has been
recognised at the year end as there is no
reasonable certainty that sufficient future
taxable income will be available in the
foreseeable future against which such
deferred tax asset can be utilised.

31 March
31 March 2019
2018

Deferred tax liablities 364 498

Deferred tax assets (364) -

- 498

Provision for
Intangible
Depreciation leave
acquired on
As at on fixed encashment, Total
business
assets gratuity and
combination
others

1 April 2017 241 21 (21) 241

Transfer pursuant to the scheme of

- -
merger (refer note 41) 10

Charge/(Credit):

Deferred tax liability recognised on

- -
business combination 480

Profit and loss 343 (343) (233)

(233)

31 March 2018 498 364 (364) 498

160
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

Charge/(Credit):

Profit and loss - - (498)

(498)

31 March 2019 - 364 (364) -

Amounts on which Deferred tax asset not

been recorded as on year end:

31 March
31 March 2019
2018

Depreciation on fixed assets 846 91

Provision for leave encashment and

1,719
gratuity 1,254

Employee share-based payments 15,438 14,743

Provision for bonus 1,365 1,132

Provision for doubtful assets 9,728 881

Loss allowance on trade receivables 39 45

Carryforward business loss and

unabsorbed depreciation(*) 1,82,782

2,26,295
2,01,393

*Tax loss and unabsorbed depreciation

carry-forward for which no deferred tax
assets were recorded with expiry date

Expiry within 1 to 5 years 1,31,439 69,714

Expiry within 6 to 8 years 60,645

1,08,477

Unlimited carry forward 5,541 4,591

161
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

1,97,625
1,82,782

[611000] Notes - Exploration for and evaluation of mineral resources

Unless otherwise specified, all monetary values are in Lakhs of INR
01/04/2018 01/04/2017
to to
31/03/2019 31/03/2018
Disclosure of exploration and evaluation assets [TextBlock]
Whether there are any exploration and evaluation activities No No
Assets arising from exploration for and evaluation of mineral resources 0 0
Liabilities arising from exploration for and evaluation of mineral
0 0
resources
Income arising from exploration for and evaluation of mineral resources 0 0
Expense arising from exploration for and evaluation of mineral resources 0 0
Cash flows from (used in) exploration for and evaluation of mineral
0 0
resources, classified as operating activities
Cash flows from (used in) exploration for and evaluation of mineral
0 0
resources, classified as investing activities

[611900] Notes - Accounting for government grants and disclosure of government assistance
Unless otherwise specified, all monetary values are in Lakhs of INR
01/04/2018 01/04/2017
to to
31/03/2019 31/03/2018
Disclosure of accounting for government grants and disclosure of government
assistance [TextBlock]
Whether company has received any government grant or government assistance No No
Capital subsidies or grants received from government authorities 0 0
Revenue subsidies or grants received from government authorities 0 0

[401100] Notes - Subclassification and notes on liabilities and assets

Details of advances [Table] ..(1)

Unless otherwise specified, all monetary values are in Lakhs of INR
Classification based on current non-current [Axis] Non-current [Member]
Classification of advances [Axis] Capital advances [Member] Advances given suppliers [Member]
Classification of assets based on security [Axis] Unsecured considered good [Member] Unsecured considered good [Member]
31/03/2019 31/03/2018 31/03/2019 31/03/2018
Subclassification and notes on liabilities and assets
[Abstract]
Disclosure of notes on advances [Abstract]
Disclosure of advances [Abstract]
Disclosure of advances [Line items]
Advances 2 0 11,421 11,639
Details of advance due by directors other
officers or others [Abstract]
Advance due by directors 0 0 0 0
Advance due by other officers 0 0 0 0
Details of advance due by firms or
companies in which any director
is partner or director [Abstract]
Total advance due by firms or
companies in which any director 0 0 0 0
is partner or director

162
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

Details of advances [Table] ..(2)

Unless otherwise specified, all monetary values are in Lakhs of INR
Classification based on current non-current [Axis] Non-current [Member]
Deposits with statutory authorities
Classification of advances [Axis] Prepaid expenses [Member]
[Member]
Unsecured
Doubtful
Classification of assets based on security [Axis] Unsecured considered good [Member] considered good
[Member]
[Member]
31/03/2019 31/03/2018 31/03/2018 31/03/2019
Subclassification and notes on liabilities and assets
[Abstract]
Disclosure of notes on advances [Abstract]
Disclosure of advances [Abstract]
Disclosure of advances [Line items]
Advances 689 4 706 (A) 0
Details of advance due by directors other
officers or others [Abstract]
Advance due by directors 0 0 0 0
Advance due by other officers 0 0 0 0
Details of advance due by firms or
companies in which any director
is partner or director [Abstract]
Total advance due by firms or
companies in which any director 0 0 0 0
is partner or director

Footnotes
(A) Balance with Govt Authority - 6,664 Lakhs
Less: Doubtful : (6,664 Lakhs)

Details of advances [Table] ..(3)

Unless otherwise specified, all monetary values are in Lakhs of INR
Classification based on current non-current [Axis] Non-current [Member] Current [Member]
Deposits with
Advances given
statutory
Classification of advances [Axis] Other advances, others [Member] suppliers
authorities
[Member]
[Member]
Unsecured
Doubtful
Classification of assets based on security [Axis] Unsecured considered good [Member] considered good
[Member]
[Member]
01/04/2017
01/04/2018
31/03/2018 to 31/03/2019
to
31/03/2019
31/03/2018
Subclassification and notes on liabilities and assets
[Abstract]
Disclosure of notes on advances [Abstract]
Disclosure of advances [Abstract]
Disclosure of advances [Line items]
Advances (A) 0 152 76 488
Advance toward investment Deferred
Nature of other advance property & Deferred Lease L e a s e
expense expense
Details of advance due by directors other
officers or others [Abstract]
Advance due by directors 0 0 0 0
Advance due by other officers 0 0 0 0
Details of advance due by firms or
companies in which any director
is partner or director [Abstract]
Total advance due by firms or
companies in which any director 0 0 0 0
is partner or director

Footnotes
(A) Balance with Govt Authority- 5,774 Lakhs
Less: Doubtful : (5,774 Lakhs)

163
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

Details of advances [Table] ..(4)

Unless otherwise specified, all monetary values are in Lakhs of INR
Classification based on current non-current [Axis] Current [Member]
Advances given
Prepaid expenses
Classification of advances [Axis] suppliers Advances given employees [Member]
[Member]
[Member]
Unsecured Unsecured
Classification of assets based on security [Axis] considered good Unsecured considered good [Member] considered good
[Member] [Member]
31/03/2018 31/03/2019 31/03/2018 31/03/2019
Subclassification and notes on liabilities and assets
[Abstract]
Disclosure of notes on advances [Abstract]
Disclosure of advances [Abstract]
Disclosure of advances [Line items]
Advances 228 129 12 751
Details of advance due by directors other
officers or others [Abstract]
Advance due by directors 0 0 0 0
Advance due by other officers 0 0 0 0
Details of advance due by firms or
companies in which any director
is partner or director [Abstract]
Total advance due by firms or
companies in which any director 0 0 0 0
is partner or director

Details of advances [Table] ..(5)

Unless otherwise specified, all monetary values are in Lakhs of INR
Classification based on current non-current [Axis] Current [Member]
Prepaid expenses Deposits with statutory authorities Other advances,
Classification of advances [Axis]
[Member] [Member] others [Member]
Unsecured Unsecured
Classification of assets based on security [Axis] considered good Unsecured considered good [Member] considered good
[Member] [Member]
01/04/2018
31/03/2018 31/03/2019 31/03/2018 to
31/03/2019
Subclassification and notes on liabilities and assets
[Abstract]
Disclosure of notes on advances [Abstract]
Disclosure of advances [Abstract]
Disclosure of advances [Line items]
Advances 381 1,212 2,560 56
Deferred lease
Nature of other advance expense and others
Details of advance due by directors other
officers or others [Abstract]
Advance due by directors 0 0 0 0
Advance due by other officers 0 0 0 0
Details of advance due by firms or
companies in which any director
is partner or director [Abstract]
Total advance due by firms or
companies in which any director 0 0 0 0
is partner or director

164
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

Details of advances [Table] ..(6)

Unless otherwise specified, all monetary values are in Lakhs of INR
Classification based on current non-current [Axis] Current [Member]
Other advances,
Classification of advances [Axis]
others [Member]
Unsecured
Classification of assets based on security [Axis] considered good
[Member]
01/04/2017
to
31/03/2018
Subclassification and notes on liabilities and assets [Abstract]
Disclosure of notes on advances [Abstract]
Disclosure of advances [Abstract]
Disclosure of advances [Line items]
Advances 61
Deferred lease
Nature of other advance expense and others
Details of advance due by directors other officers or others [Abstract]
Advance due by directors 0
Advance due by other officers 0
Details of advance due by firms or companies in which any director is partner or director
[Abstract]
Total advance due by firms or companies in which any director is partner or director 0

Disclosure of breakup of provisions [Table] ..(1)

Unless otherwise specified, all monetary values are in Lakhs of INR
Classification based on current non-current [Axis] Non-current [Member] Current [Member]
31/03/2019 31/03/2018 31/03/2019 31/03/2018
Subclassification and notes on liabilities and assets
[Abstract]
Provisions notes [Abstract]
Disclosure of breakup of provisions [Abstract]
Disclosure of breakup of provisions [Line items]
Provisions [Abstract]
Provisions for employee benefits
[Abstract]
Provision gratuity 753 614 40 8
Provision other employee related
461 482
liabilities
Total provisions for employee benefits 753 614 501 490
CSR expenditure provision 0 0 0 0
Total provisions 753 614 501 490

Other non-current financial assets, others [Table] ..(1)

Unless otherwise specified, all monetary values are in Lakhs of INR
Classification of other non-current financial assets others [Axis] 1
01/04/2018 01/04/2017
to to
31/03/2019 31/03/2018
Subclassification and notes on liabilities and assets [Abstract]
Other non-current financial assets notes [Abstract]
Other non-current financial assets [Abstract]
Other non-current financial assets, others 5 5
Other non-current financial assets, others [Abstract]
Other non-current financial assets, others [Line items]
Fixed Deposits Fixed Deposits
Description other non-current financial assets, others (maturity of more (maturity of more
than 12 months) than 12 months)
Other non-current financial assets, others 5 5

165
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

Other current financial liabilities, others [Table] ..(1)

Unless otherwise specified, all monetary values are in Lakhs of INR
Other current financial liabilities, others [Axis] 1 2
01/04/2018 01/04/2017 01/04/2018 01/04/2017
to to to to
31/03/2019 31/03/2018 31/03/2019 31/03/2018
Subclassification and notes on liabilities and assets
[Abstract]
Disclosure of other current financial liabilities
notes [Abstract]
Other current financial liabilities [Abstract]
Other current financial liabilities, others 212 0 7 84
Other current financial liabilities, others
[Abstract]
Other current financial liabilities, others
[Line items]
Current maturity of Current maturity of
Description of other current financial Payable for capital Payable for capital
Non-convertible Non-convertible
liabilities, others goods goods
debentures debentures
Other current financial liabilities,
212 0 7 84
others

Other current financial liabilities, others [Table] ..(2)

Unless otherwise specified, all monetary values are in Lakhs of INR
Other current financial liabilities, others [Axis] 3 4
01/04/2018 01/04/2017 01/04/2018 01/04/2017
to to to to
31/03/2019 31/03/2018 31/03/2019 31/03/2018
Subclassification and notes on liabilities and assets
[Abstract]
Disclosure of other current financial liabilities
notes [Abstract]
Other current financial liabilities [Abstract]
Other current financial liabilities, others 0 1,300 1,111 1,211
Other current financial liabilities, others
[Abstract]
Other current financial liabilities, others
[Line items]
Consideration Consideration
payable for merger payable for merger of
Description of other current financial Employee benefits Employee benefits
of maxHeap m a x H e a p
liabilities, others payables payables
Technologies Technologies Private
Private Limited Limited
Other current financial liabilities,
0 1,300 1,111 1,211
others

Other current financial liabilities, others [Table] ..(3)

Unless otherwise specified, all monetary values are in Lakhs of INR
Other current financial liabilities, others [Axis] 5 6
01/04/2018 01/04/2017 01/04/2018 01/04/2017
to to to to
31/03/2019 31/03/2018 31/03/2019 31/03/2018
Subclassification and notes on liabilities and assets
[Abstract]
Disclosure of other current financial liabilities
notes [Abstract]
Other current financial liabilities [Abstract]
Other current financial liabilities, others 32 419 3,600 0
Other current financial liabilities, others
[Abstract]
Other current financial liabilities, others
[Line items]
Description of other current financial Security deposits Security deposits Liabilities towards Liabilities towards
liabilities, others received received property owners property owners
Other current financial liabilities,
32 419 3,600 0
others

166
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

Other current financial liabilities, others [Table] ..(4)

Unless otherwise specified, all monetary values are in Lakhs of INR
Other current financial liabilities, others [Axis] 7
01/04/2018 01/04/2017
to to
31/03/2019 31/03/2018
Subclassification and notes on liabilities and assets [Abstract]
Disclosure of other current financial liabilities notes [Abstract]
Other current financial liabilities [Abstract]
Other current financial liabilities, others 26 0
Other current financial liabilities, others [Abstract]
Other current financial liabilities, others [Line items]
Description of other current financial liabilities, others Others Others
Other current financial liabilities, others 26 0

Classification of inventories [Table] ..(1)

Unless otherwise specified, all monetary values are in Lakhs of INR
Classification of inventories [Axis] Company inventories [Member]
31/03/2019 31/03/2018
Subclassification and notes on liabilities and assets [Abstract]
Inventories notes [Abstract]
Classification of inventories [Abstract]
Classification of inventories [Line items]
Inventories 0 0

Other current financial assets others [Table] ..(1)

Unless otherwise specified, all monetary values are in Lakhs of INR
Other current financial assets others [Axis] 1 2
01/04/2018 01/04/2017 01/04/2018 01/04/2017
to to to to
31/03/2019 31/03/2018 31/03/2019 31/03/2018
Subclassification and notes on liabilities and assets
[Abstract]
Other current financial assets [Abstract]
Other current financial assets others 0 477 14 1
Other current financial assets others [Abstract]
Other current financial assets others [Line
items]
Interst acrued on
Description other current financial assets Inter Corporate Inter Corporate Interst acrued on loan
loan to related
others Deposits Deposits to related parties
parties
Other current financial assets others 0 477 14 1

Other current financial assets others [Table] ..(2)

Unless otherwise specified, all monetary values are in Lakhs of INR
Other current financial assets others [Axis] 3 4
01/04/2018 01/04/2017 01/04/2018 01/04/2017
to to to to
31/03/2019 31/03/2018 31/03/2019 31/03/2018
Subclassification and notes on liabilities and assets
[Abstract]
Other current financial assets [Abstract]
Other current financial assets others 5 5 1 410
Other current financial assets others [Abstract]
Other current financial assets others [Line
items]
Interest acrued on
Description other current financial assets Interest acrued on Interest acrued on Interest acrued on
bonds and
others deposits with bank deposits with bank bonds and debentures
debentures
Other current financial assets others 5 5 1 410

167
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

Other non-current assets, others [Table] ..(1)

Unless otherwise specified, all monetary values are in Lakhs of INR
Other non-current assets, others [Axis] 1
01/04/2018 01/04/2017
to to
31/03/2019 31/03/2018
Subclassification and notes on liabilities and assets [Abstract]
Other non-current assets notes [Abstract]
Other non-current assets [Abstract]
Other non-current assets, others 2,118 1,912
Other non-current assets, others [Abstract]
Other non-current assets, others [Line items]
Advance Income
Description of other non-current assets, others Tax
Advance Income Tax

Other non-current assets, others 2,118 1,912

Details of loans [Table] ..(1)

Unless otherwise specified, all monetary values are in Lakhs of INR
Classification based on current non-current [Axis] Non-current [Member] Current [Member]
Classification of loans [Axis] Security deposits [Member] Security deposits [Member]
Classification of assets based on security [Axis] Unsecured considered good [Member] Unsecured considered good [Member]
31/03/2019 31/03/2018 31/03/2019 31/03/2018
Subclassification and notes on liabilities and assets
[Abstract]
Loans notes [Abstract]
Disclosure of loans [Abstract]
Details of loans [Line items]
Loans , gross 6,538 301 2,353 2,457
Allowance for bad and doubtful loans 0 0 0 0
Total loans 6,538 301 2,353 2,457
Details of loans due by directors, other
officers or others [Abstract]
Loans due by directors 0 0 0 0
Loans due by other officers 0 0 0 0
Details of loans due by firms or
companies in which any director
is partner or director [Abstract]
Total loans due by firms or
companies in which any director 0 0 0 0
is partner or director

Details of loans [Table] ..(2)

Unless otherwise specified, all monetary values are in Lakhs of INR
Classification based on current non-current [Axis] Current [Member]
Loans given other related parties
Classification of loans [Axis] Other loans [Member]
[Member]
Classification of assets based on security [Axis] Unsecured considered good [Member] Unsecured considered good [Member]
31/03/2019 31/03/2018 31/03/2019 31/03/2018
Subclassification and notes on liabilities and assets
[Abstract]
Loans notes [Abstract]
Disclosure of loans [Abstract]
Details of loans [Line items]
Loans , gross 850 35 9,082 7,253
Allowance for bad and doubtful loans 0 0 908 0
Total loans 850 35 8,174 7,253
Details of loans due by directors, other
officers or others [Abstract]
Loans due by directors 0 0 0 0
Loans due by other officers 0 0 0 0
Details of loans due by firms or
companies in which any director
is partner or director [Abstract]
Total loans due by firms or
companies in which any director 0 0 0 0
is partner or director

168
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

Details of loans [Table] ..(3)

Unless otherwise specified, all monetary values are in Lakhs of INR
Classification based on current non-current [Axis] Current [Member]
Classification of loans [Axis] Other loans, others [Member]
Classification of assets based on security [Axis] Unsecured considered good [Member]
01/04/2018 01/04/2017
to to
31/03/2019 31/03/2018
Subclassification and notes on liabilities and assets [Abstract]
Loans notes [Abstract]
Disclosure of loans [Abstract]
Details of loans [Line items]
Loans , gross 9,082 7,253
Allowance for bad and doubtful loans 908 0
Total loans 8,174 7,253
Working capital to Working capital to
Nature of other loans customers customers
Details of loans due by directors, other officers or others [Abstract]
Loans due by directors 0 0
Loans due by other officers 0 0
Details of loans due by firms or companies in which any director is partner
or director [Abstract]
Total loans due by firms or companies in which any director is partner or
0 0
director

Subclassification of trade receivables [Table] ..(1)

Unless otherwise specified, all monetary values are in Lakhs of INR
Classification based on current
Classification based on current non-current [Axis] Current [Member]
non-current [Member]
Classification of assets based on security
Classification of assets based on security [Axis] Unsecured considered good [Member]
[Member]
31/03/2019 31/03/2018 31/03/2019 31/03/2018
Subclassification and notes on liabilities and assets
[Abstract]
Disclosure of notes on trade receivables [Abstract]
Subclassification of trade receivables [Abstract]
Subclassification of trade receivables [Line
items]
Breakup of trade receivables [Abstract]
Trade receivables, gross 2,723 2,262 2,723 2,262
Allowance for bad and doubtful debts 867 881 867 881
Total trade receivables 1,856 1,381 1,856 1,381
Details of trade receivables due by
directors, other officers or others
[Abstract]
Trade receivables due by directors 0 0
Trade receivables due by other officers 0 0
Details of trade receivables due by firms
or companies in which any director is
partner or director [Abstract]
Total trade receivables due by
firms or companies in which any 0 0
director is partner or director

169
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

Unless otherwise specified, all monetary values are in Lakhs of INR

01/04/2018 01/04/2017
to to
31/03/2019 31/03/2018
Disclosure of subclassification and notes on liabilities and assets
explanatory [TextBlock]
Textual information (38)
Disclosure of notes on loans explanatory [TextBlock] [See below]
Textual information (39)
Disclosure of notes on other non-current financial assets [TextBlock] [See below]
Total dividend receivable 0 0
Total other non-current financial assets 5 5
Disclosure of notes on other non-current assets explanatory Textual information (40)
[TextBlock] [See below]
Advances, non-current 12,264 12,425
Total other non-current assets 14,382 14,337
Textual information (41)
Disclosure of notes on cash and bank balances explanatory [TextBlock] [See below]
Fixed deposits with banks 0 0

Other deposits with banks (A) 3,155 (B) 247

Other balances with banks 5,551 3,203
Total balance with banks 8,706 3,450
Cash on hand 7 9
Others 0 200
Total cash and cash equivalents 8,713 3,659
Bank balance other than cash and cash equivalents 39 15
Total cash and bank balances 8,752 3,674
Nature of other cash and cash equivalents Cash in transit
Total balances held with banks to extent held as
margin money or security against borrowings, 0 0
guarantees or other commitments
Bank deposits with more than 12 months maturity 0 0
Disclosure of notes on other current financial assets explanatory Textual information (42)
[TextBlock] [See below]
Unbilled revenue 424 316
Total other current financial assets 444 1,209
Textual information (43)
Disclosure of notes on other current assets explanatory [TextBlock] [See below]
Advances, current 2,636 3,242
Total other current assets 2,636 3,242
Disclosure of notes on other current financial liabilities Textual information (44)
explanatory [TextBlock] [See below]
Current maturities of long-term debt 3,422 0
Interest accrued on borrowings 0 0
Interest accrued on public deposits 0 0
Interest accrued others 0 0
Unpaid dividends 0 0
Unpaid matured deposits and interest accrued thereon 0 0
Unpaid matured debentures and interest accrued thereon 0 0
Debentures claimed but not paid 0 0
Public deposit payable, current 0 0
Total other current financial liabilities 8,410 3,014
Textual information (45)
Disclosure of other current liabilities notes explanatory [TextBlock] [See below]
Revenue received in advance 2,989 2,304
Advance received from customers 968 868
Total other advance 968 868
Total deposits refundable current 0 0
Taxes payable other tax 614 196
Current liabilities portion of share application money pending
0 0
allotment
Total other payables, current 614 196
Total proposed equity dividend 0 0
Total proposed preference dividend 0 0
Total proposed dividend 0 0
Total other current liabilities 4,571 3,368

Footnotes
(A) Deposits with original maturity less than 3 months
(B) Deposits with original maturity less than 3 months

170
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

Textual information (38)

Disclosure of notes on loans explanatory [Text Block]

Note 6: Loans

Non-current

Loans considered Good - Secured - -

Loans considered Good - Unsecured

Security deposits 6,538 301

Loans which have significant increase in credit risk - -

Loans - credit impaired - -

6,538 301

Less: Loss allowances - -

6,538 301

Current

Loans considered Good - Secured

Loans considered Good - Unsecured

Working capital loan to customers 9,082 7,253

Security deposits 2,353 2,457

Loans to related party (Refer note 35) 850 35

Loans which have significant increase in credit risk - -

Loans - credit impaired - -

12,285 9,745

171
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

Less: Loss allowance on working capital loan to customers (908) -

11,377 9,745

Textual information (39)

Disclosure of notes on other non-current financial assets [Text Block]

Note 7: Other financial assets

(Unsecured , considered good, unless otherwise stated)

Non-current

Fixed Deposits (maturity of more than 12 months) 5 5

5 5

172
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

Textual information (40)

Disclosure of notes on other non-current assets explanatory [Text Block]

Note 8: Other assets

Non-current

(Unsecured, considered good unless other wise stated)

Capital advances 2 -

Advance towards investment property 58

Prepaid expenses 689 4

Deferred lease expense 94 76

Advance to suppliers 11,421 11,639

Balance with government authority - 706

12,264 12,425

Considered doubtful

Balance with government authority 6,664 5,774

Allowance for doubtful balances (6,664) (5,774)

- -

12,264 12,425

173
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

Textual information (41)

Disclosure of notes on cash and bank balances explanatory [Text Block]

Note 11 : Cash and cash equivalents

Cash on hand 7 9

Balances with banks

- In current accounts 5,551

3,203

- Deposits with original maturity of less than three months* 3,155 247

Cash in transit - 200

8,713 3,659

*Out of the above amount Rs. 29 lakhs (2018: Rs. 29 lakhs) is under lien against corporate credit
card taken by the Company.

Note 12 : Bank balance other than cash and cash equivalents

Deposits of maturity of more than three months 39 15

39 15

174
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

Textual information (42)

Disclosure of notes on other current financial assets explanatory [Text Block]

Current

Unbilled revenue 424 316

Inter-Corporate deposits - 477

Interest accrued on Loans to related parties (refer note 35) 14 1

Interest accrued on deposits with bank 5 5

Interest accrued on bonds and debentures 1 410

444 1,209

Textual information (43)

Disclosure of notes on other current assets explanatory [Text Block]

Current

(Unsecured, considered good)

Prepaid expenses 751 381

Balance with government authority 1,212 2,560

Advance to suppliers 488 228

Advance to employees for expenses 129 12

Deferred lease expense 43 26

Others 13 35

2,636 3,242

175
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

Textual information (44)

Disclosure of notes on other current financial liabilities explanatory [Text Block]

Note 18: Other financial liabilities

Current

Current maturity of term loan (Refer note 16) 3,422 -

Current maturity of Non-convertible debentures (Refer note 16) 212 -

Payable for capital goods 7 84

Consideration payable for merger of maxHeap Technologies Private Limited - 1,300

Employee benefits payables 1,111 1,211

Security deposits received 32 419

Liabilities towards property owners 3,600

Others 26 -

8,410 3,014

176
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

Textual information (45)

Disclosure of other current liabilities notes explanatory [Text Block]

Note 20: Other current liabilities

Deferred revenue (Refer note below) 2,304

2,989

Statutory dues payable 614 196

Advances from customers (Refer note below) 968 868

4,571
3,368

Note:

Management has settled the advances from customers/ deferred revenue during the year for
the balance at the beginning of the year by rendering the services against such advances/
deferred revenue. It expects similarly to settle closing advance/ deferred revenue during the
year ending March 31, 2020.

177
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

[401200] Notes - Additional disclosures on balance sheet

Unless otherwise specified, all monetary values are in Lakhs of INR
01/04/2018 01/04/2017
to to 31/03/2017
31/03/2019 31/03/2018
Disclosure of additional balance sheet notes explanatory [TextBlock]
Additional balance sheet notes [Abstract]
Contingent liabilities and commitments [Abstract]
Classification of contingent liabilities [Abstract]
Total contingent liabilities 0 0
Classification of commitments [Abstract]
Total commitments 0 0
Total contingent liabilities and commitments 0 0
Details regarding dividends [Abstract]
Amount of dividends proposed to be distributed to equity shareholders 0 0
Amount of per share dividend proposed to be distributed to equity
[INR/shares] 0 [INR/shares] 0
shareholders
Amount of per share dividend proposed to be distributed to
[INR/shares] 0 [INR/shares] 0
preference shareholders
Percentage of proposed dividend 0.00% 0.00%
Details of share capital held by foreign companies [Abstract]
Percentage of share capital held by foreign company 0.00% 0.00%
Value of share capital held by foreign company 0 0
Percentage of paid-up capital held by foreign holding company and
0.00% 0.00%
or with its subsidiaries
Value of paid-up capital held by foreign holding company and or
0 0
with its subsidiaries
Details of shareholding pattern of promoters and public [Abstract]
Total number of shareholders promoters and public 0 0
Details of deposits [Abstract]
Deposits accepted or renewed during period 0 0
Deposits matured and claimed but not paid during period 0 0
Deposits matured and claimed but not paid 0 0
Deposits matured but not claimed 0 0
Interest on deposits accrued and due but not paid 0 0
Disclosure of equity share warrants [Abstract]
Changes in equity share warrants during period [Abstract]
Additions to equity share warrants during period 0 0
Deductions in equity share warrants during period 0 0
Total changes in equity share warrants during period 0 0
Equity share warrants at end of period 0 0 0
Breakup of equity share warrants [Abstract]
Equity share warrants for existing members 0 0
Equity share warrants for others 0 0
Total equity share warrants 0 0 0
Details of share application money received and paid [Abstract]
Share application money received during year 0 0
Share application money paid during year 0 0
Amount of share application money received back during year 0 0
Amount of share application money repaid returned back during year 0 0
Number of person share application money paid during year 0 0
Number of person share application money received during year 0 0
Number of person share application money paid as at end of year 0 0
Number of person share application money received as at end of year 0 0
Share application money received and due for refund 0 0
Details regarding cost records and cost audit[Abstract]
Details regarding cost records [Abstract]
Whether maintenance of cost records by company has been
mandated under Companies (Cost Records and Audit) Rules, No No
2014
Net worth of company 0 0
Details of unclaimed liabilities [Abstract]
Unclaimed share application refund money 0 0
Unclaimed matured debentures 0 0
Unclaimed matured deposits 0 0
Interest unclaimed amount 0 0

178
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

Financial parameters balance sheet items [Abstract]

Investment in subsidiary companies 0 0
Investment in government companies 0 0
Amount due for transfer to investor education and protection fund
0 0
(IEPF)
Gross value of transactions with related parties 0 0
Number of warrants converted into equity shares during period 0 0
Number of warrants converted into preference shares during period 0 0
Number of warrants converted into debentures during period 0 0
Number of warrants issued during period (in foreign currency) 0 0
Number of warrants issued during period (INR) 0 0

[611800] Notes - Revenue

Unless otherwise specified, all monetary values are in Lakhs of INR
01/04/2018
to
31/03/2019
Textual information (46)
Disclosure of revenue [TextBlock] [See below]

179
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

Textual information (46)

Disclosure of revenue [Text Block]

Revenue Recognition

Revenue is measured at the transaction price which is the amount of consideration the group is entitled to receive in
exchange for its services as per the contracts with customers. Amounts disclosed as revenue are net of trade allowances,
rebates and Goods and Services tax (GST) and amounts collected on behalf of third parties.

The Group is a principal in the arrangements for advertisement, lead referral, business support services, beauty services,
RTO services and handyman services. The Group is acting as an agent wherein the company earns commission from sale
of goods or services on its platforms and marketing and management service fee from home rental solutions.Revenue
from the sale of services is recognised when the Group performs its obligations to its customers as below:

Advertisement

Advertising revenues are derived principally from the sale of advertisement space on the group's platforms. Advertising
revenues are recognised as per the terms of the contract with customers such as, when “impressions” (i.e., advertisement
appears on the platform when viewed by users) are delivered, or when “clicks” (which occurs as and when users click
advertisements on the group's platforms which redirects them to an advertiser’s designated website) are made.

The Group also has fixed-term advertisement contracts with its customers. Inputs required to satisfy Group’s performance
obligations are expended evenly over the term of contract and therefore revenue from fixed-term advertisement contracts
are recognised on a straight-line basis over the term of the contract.

Lead referral fee

The Group earns referral fees from providing leads to customers. Lead referral fee is recognised at the transaction price
agreed in the contract as and when the leads are passed on to the customers.

Commission

The Group earns commission on sale of goods or services on its platforms and also on services provided as a broker in
real estate transactions. Commission on is recognised upon delivery of such goods or services to the buyers and
commission on real estate transaction is recognised when the services are provided to the customers as per the terms of
the agreements.

Beauty services

The group provides beauty services to customers. Revenue from beauty services is recognised at the transaction price as
and when the services are performed.

Marketing and management service fee from home rental solutions

Group provides digitally-driven home rental solutions to its customers. The group acts as a facilitator and , markets and
promotes properties on its platform on behalf of the owners, assists the owners and tenants in executing lease
agreements, collects rent on behalf of owner on a monthly basis and provides other ancillary services in connection with
the lease of a property. Service fee earned by the group from home rental solutions is recognised over the period of
contract and is recorded net of any applicable taxes as per the terms of contract with property owners. The group assures
a minimum monthly rent to the property owners and shortfall (if any) is compensated by the group. Compensation paid by
the group is presented net against Service Fee and where the compensation exceeds the service fee, the same is
disclosed as ‘Compensatory fees’ under other expenses in the Statement of Profit and Loss.

180
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

Other services

The Group also provides RTO services (such as vehicle registrations, ownership transfers, driving licenses etc.)
and handyman services (such as carpenter, plumber, electricians, painting and cleaning services). Revenue is recognised
at the transaction price as and when the services are performed. The Group also provides valuation and consultancy
services and revenue from such services are recognised when the services are rendered as per the terms of the contracts.

Contract balances and trade receivables

Trade receivables are amounts due from customers for sale of services performed in the ordinary course of business.
Contract assets are in the nature of unbilled receivables which arises when the company satisfies a performance
obligation but does not have an unconditional right to consideration and are classified under ‘other current assets’. Where
performance obligation is completed but invoice is not raised, such receivables are presented as unbilled receivables
under other financial assets.

Where the Group has an obligation to transfer goods or services to a customer for which the Group has received
consideration from the customer, a contract liability is recognised as advance from customers. Deferred revenue is
recognised when the invoices are raised and service is yet to be rendered. These are recognised as revenue when the
Group satisfies its performance obligations under the contract.

[612400] Notes - Service concession arrangements

Unless otherwise specified, all monetary values are in Lakhs of INR
01/04/2018 01/04/2017
to to
31/03/2019 31/03/2018
Disclosure of service concession arrangements [TextBlock]
Whether there are any service concession arrangments No No

[612000] Notes - Construction contracts

Unless otherwise specified, all monetary values are in Lakhs of INR
01/04/2018 01/04/2017
to to
31/03/2019 31/03/2018
Disclosure of notes on construction contracts [TextBlock]
Whether there are any construction contracts No No
Revenue from construction contracts 0 0
Costs incurred and recognised profits (less recognised losses) 0 0
Advances received for contracts in progress 0 0
Retention for contracts in progress 0 0
Gross amount due from customers for contract work as Assets 0 0
Gross amount due to customers for contract work as liability 0 0
Progress billings 0 0

181
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

[612600] Notes - Employee benefits

Disclosure of net defined benefit liability (assets) [Table] ..(1)

Unless otherwise specified, all monetary values are in Lakhs of INR
Defined benefit plans [Axis] State defined benefit plans [Member]
Plan assets
Net defined benefit liability (assets) [Axis] Present value of defined benefit obligation [Member]
[Member]
Defined benefit plans categories [Axis] 1 2
01/04/2018 01/04/2017 01/04/2018
to to 31/03/2017 to
31/03/2019 31/03/2018 31/03/2019
Disclosure of net defined benefit liability
(assets) [Abstract]
Disclosure of net defined benefit liability
(assets) [Line items]
Description of type of plan Gratuity Gratuity Gratuity
Changes in net defined benefit liability
(assets) [Abstract]
Current service cost, net defined
312 321
benefit liability (assets)
Interest expense (income), net defined
60 41 6
benefit liability (assets)
Gain (loss) on remeasurement, net
defined benefit liability (assets)
[Abstract]
Return on plan assets, net defined
11
benefit liability (assets)
Actuarial losses (gains) arising from
changes in demographic assumptions,
0 5
net defined benefit liability
(assets)
Actuarial losses (gains) arising from
changes in financial assumptions, net -1 27
defined benefit liability (assets)
Total loss (gain) on
remeasurement, net defined -1 32 11
benefit liability (assets)
Contributions to plan, net defined
benefit liability (assets) [Abstract]
Contributions to plan by employer,
net defined benefit liability -18
(assets)
Total contributions to plan, net
-18
defined benefit liability (assets)
Payments from plan, net defined benefit
36 27 21
liability (assets)
Increase (decrease) through business
combinations and disposals, net defined 0 59
benefit liability (assets)
Increase (decrease) through other
changes, net defined benefit (A) -174 (B) -184
liability (assets)
Total increase (decrease) in net
163 178 -8
defined benefit liability (assets)
Net defined benefit liability (assets) at
855 692 514 62
end of period

(A) Experience adjustments

(B) Experience adjustments

182
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

Disclosure of net defined benefit liability (assets) [Table] ..(2)

Unless otherwise specified, all monetary values are in Lakhs of INR
Defined benefit plans [Axis] State defined benefit plans [Member]
Net defined benefit liability (assets) [Axis] Plan assets [Member]
Defined benefit plans categories [Axis] 2
01/04/2017
to 31/03/2017
31/03/2018
Disclosure of net defined benefit liability (assets) [Abstract]
Disclosure of net defined benefit liability (assets) [Line items]
Description of type of plan Gratuity
Changes in net defined benefit liability (assets) [Abstract]
Interest expense (income), net defined benefit liability (assets) 6
Gain (loss) on remeasurement, net defined benefit liability (assets)
[Abstract]
Return on plan assets, net defined benefit liability (assets) 7
Total loss (gain) on remeasurement, net defined benefit liability
7
(assets)
Contributions to plan, net defined benefit liability (assets) [Abstract]
Contributions to plan by employer, net defined benefit liability (assets) -23
Total contributions to plan, net defined benefit liability (assets) -23
Payments from plan, net defined benefit liability (assets) 16
Total increase (decrease) in net defined benefit liability (assets) 6
Net defined benefit liability (assets) at end of period 70 64

Unless otherwise specified, all monetary values are in Lakhs of INR

01/04/2018 01/04/2017
to to
31/03/2019 31/03/2018
Textual information (47)
Disclosure of employee benefits [TextBlock] [See below]
Disclosure of defined benefit plans [TextBlock]
Whether there are any defined benefit plans No No
Disclosure of net defined benefit liability (assets) [TextBlock]

183
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

Textual information (47)

Disclosure of employee benefits [Text Block]

29. Employee
benefit
obligations

Defined
contribution plans

The Group has

defined
contribution plan
in form of
Provident Fund
and Employees'
State Insurance
for qualifying
employees.
Contributions are
made to
provident fund for
employees at a
specified rate of
basic salary as
per regulations.
The contributions
are made to
registered
provident fund
administered by
the government.
The obligation of
the Group is
limited to the
amount
contributed and it
has no further
contractual or
constructive
obligation. The
expense
recognised during
the year towards
defined
contribution plan
is Rs. 562 lakhs
(31 March 2018 -
Rs.403 lakhs).

Defined benefit
plans - Gratuity

The Group
provides for
gratuity for
employees in
India as per the
Payment of
Gratuity
(Amendment)

184
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

Act, 2018.
Employees who
are in continuous
service for a
period of 5 years
are eligible for
gratuity. The
amount of
gratuity payable
on retirement/
termination is the
employees last
drawn basic
salary per month
computed
proportionately
for 15 days salary
multiplied for the
number of years
of service. The
Gratuity plan of
the Company is
funded and the
Company makes
contributions to
an insurance

185
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

company
(recognised fund
in India).

These plans
typically expose
the Company to
actuarial risks
such as: interest
rate risk,
longevity risk and
salary risk.

The present
value of the
defined
benefit plan
liability is
calculated
using a
discount rate
which is
determined
by reference
to market
yields at the
end of the
reporting
Investment risk
period on
Government
bonds. If the
plan assets
underperform
this yield,
this will
create a
deficit. The
Company
maintains
plan asset
through
insurance
company.

A decrease
in the bond
interest rate
Interest risk
will increase
the plan
liability.

The present
value of the
defined
benefit plan
liability is
calculated by
reference to
the best
estimate of
the mortality
of plan
participants
both during
and after
their
employment.
An increase
in the life

186
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

expectancy
of the plan
participants

Longevity risk

187
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

will increase
the plan's
liability.

The present
value of the
defined
benefit plan
liability is
calculated by
reference to
the future
salaries of
Salary risk plan
participants.
As such, an
increase in
the salary of
the plan
participants
will increase
the plan's
liability.

The Group
ensures that the
investment
positions are
managed within
the asset-liability
matching
framework that
has been
developed to
achieve
long-term
investments that
are in line with
the obligations
under employee
benefit plans.
Within this
framework, the
group's
asset-liability
matching
objective is to
match assets to
the defined
benefit
obligations by
investing in plan
asset managed
by an insurance
company. The
fair value of plan
asset is provided
by the insurance
company on year
end.

Changes in the
defined benefit
obligation and fair
value of plan
assets as at 31
March 2018:

188
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

Defined Fair value of

Net amount
benefit plan assets
(A-B)
obligation (A) (B)

As at 01 April
510 64 446
2017

Addition pursuant
to the merger
4 - 4
scheme (refer
note 41)

As at 1 April 2017
(i) 514 64 450
(Post merger)

Acquisition of
Business (Refer (ii) 59 - 59
note 40)

Current Service
321 - 321
cost

Past service cost 0 - 0

Net interest
41 35
expense/(income) 6

Total amount
recognised in (iii) 6
362 356
profit or loss

Benefits paid (iv) (27) (11)

(16)

Remeasurement

Return on plan
- 7
assets (7)

Actuarial changes
arising from
changes in (5) - (5)
demographic
assumptions

189
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

Actuarial changes
arising from (27) - (27)
changes in
financial
assumptions

Experience
(184) - (184)
adjustments

Total amount
recognised in
other (v)
(216) (7) (209)
comprehensive
income

Contributions by
(vi) - (23)
employer 23

As at 31 March
(i+ii+iii+iv+v+vi) 70
2018 692 622

Non-current 614

Current 8

Changes in the
defined benefit
obligation and fair
value of plan
assets as at 31
March 2019:

Defined Fair value of

Net amount
benefit plan assets
(A-B)
obligation (A) (B)

As at 01 April
(i) 692 622
2018 70

Current Service
312 - 312
cost

Net interest
60 54
expense/income 6

Total amount
recognised in (ii) 6
372 366
profit or loss

190
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

Benefits paid (iii) (36) (15)

(21)

Remeasurement

Return on plan
- 11
assets (11)

Actuarial changes
arising from
changes in 0 - 0
demographic
assumptions

Actuarial changes
arising from
changes in 1 - 1
financial
assumptions

Experience
(174) - (174)
adjustments

Total amount
recognised in
other (iv)
(173) (11) (162)
comprehensive
income

Contributions by
(v) - (18)
employer 18

As at 31 March
(i+ii+iii+iv+v) 62
2019 855 793

Non-current 754

Current 40

The principal
assumptions
used in
determining
gratuity
obligations are
shown below:

31 March 31 March

191
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

2019 2018

6.66% to 6.93% to
Discount rate
7.75% 7.75%

Salary esclation
5% to 10% 5% to 10%
rate

Attrition rate 15% 15%

Retirement age
58 to 60 58 to 60
(years)

Indian Indian
Assured Assured
Lives Lives
Mortality tables
Mortality Mortality
(2012-14) (06-08) Ult
Ult Table Table

A sensitivity
analysis for
significant
assumption and
its impact on
defined benefit
obligations is as
shown below:

Salary
Discount rate esclation
rate

31 March 31 March 31 March

31 March 2019
2018 2019 2018

(5.96)% to (3.23)% to 6.44% to 6.07% to

0.5% increase
6.48% (6.74)% 6.94% 6.83%

6.63% to 3.43% to (5.85)% to (5.55)% to

0.5% decrease
7.12% 7.42% (6.38)% (6.63)%

The above
sensitivity
analyses are
based on a
change in an
assumption while
holding all other
assumptions
constant. In

192
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

practice, this is
unlikely to occur,
and changes in
some of the
assumptions may
be correlated.
When calculating
the sensitivity of
the defined
benefit obligation
to significant
actuarial
assumptions the
same method
(present value of
the defined
benefit obligation
calculated with
the projected unit
credit method at
the end of the
reporting period)
has been applied
as when
calculating the
defined benefit

193
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

liability
recognised in the
balance sheet.

The following
payments are
expected
contributions to
the defined
benefit plan in
future years

Expected
contributions to
defined benefits
plan for the year
ended 31 March
2020 is Rs. 30
lakhs (31 March
2019: Rs. 30
lakhs). The
weighted average
duration of the
defined benefit
plan obligation at
the end of the
reporting period
is 4 to 13.58
years (31 March
2018: 2 to 14.31
years). The
expected maturity
analysis of
undiscounted
pension, gratuity
and defined
benefits plan is
as follows:

31 March 31 March
2019 2018

Within the next

12 months (next
27 20
annual reporting
period)

Between 2 and 5
206 166
years

Between 6 and
193 166
10 years

Beyond 10 years 2598

2,136

Total expected
2,488
payments 3,024

194
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

Compensated
absences

The leave
obligations cover
the Company's
earned/ privilege
leave.
The entire
amount of
provision of
compensated
absences of Rs.
461 lakhs (31
March 2018: Rs.
482 lakhs) is
presented as
current, since the
company does
not have an
unconditional
right to defer
settlement for
any of these
obligations.
However, based
on past
experience, the
Company does
not expect all
employees to
avail the full
amount of
accrued leave or
require payment
for such leave
within the next 12
months.

31 March 31 March
Particulars
2019 2018

Leave obligations
not expected to
350 371
be settled in next
12 months

195
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

[612800] Notes - Borrowing costs

Unless otherwise specified, all monetary values are in Lakhs of INR
01/04/2018 01/04/2017
to to
31/03/2019 31/03/2018
Disclosure of borrowing costs [TextBlock]
Whether any borrowing costs has been capitalised during the year No No
Borrowing costs [Abstract]
Borrowing costs capitalised 0 0
Total borrowing costs incurred 0 0
Interest costs [Abstract]
Interest costs capitalised 0 0
Interest expense 0 0
Total interest costs incurred 0 0
Capitalisation rate of borrowing costs eligible for capitalisation 0.00% 0.00%

[612200] Notes - Leases

Unless otherwise specified, all monetary values are in Lakhs of INR
01/04/2018 01/04/2017
to to
31/03/2019 31/03/2018
Disclosure of leases [TextBlock]
Whether company has entered into any lease agreement No No
Disclosure of finance lease and operating lease by lessee [TextBlock]
Total contingent rents recognised as expense 0 0
Total lease and sublease payments recognised as expense 0 0
Disclosure of finance lease and operating lease by lessor [TextBlock]
Total contingent rents recognised as income 0 0
Whether any operating lease has been converted to financial lease or
No No
vice-versa

[612300] Notes - Transactions involving legal form of lease

Unless otherwise specified, all monetary values are in Lakhs of INR
01/04/2018 01/04/2017
to to
31/03/2019 31/03/2018
Disclosure of arrangements involving legal form of lease [TextBlock]
Whether there are any arrangements involving legal form of lease No No

196
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

[612900] Notes - Insurance contracts

Unless otherwise specified, all monetary values are in Lakhs of INR
01/04/2018 01/04/2017
to to
31/03/2019 31/03/2018
Disclosure of insurance contracts [TextBlock]
Whether there are any insurance contracts as per Ind AS 104 No No
Disclosure of amounts arising from insurance contracts [TextBlock]
Deferred acquisition costs arising from insurance contracts 0 0
Total liabilities under insurance contracts and reinsurance
0 0
contracts issued
Total increase (decrease) in liabilities under insurance
0 0
contracts and reinsurance contracts issued
Liabilities under insurance contracts and reinsurance contracts
0 0
issued at end of period
Total increase (decrease) in deferred acquisition costs arising
0 0
from insurance contracts
Deferred acquisition costs arising from insurance contracts at end
0 0
of period
Total increase (decrease) in reinsurance assets 0 0
Reinsurance assets at end of period 0 0

[613100] Notes - Effects of changes in foreign exchange rates

Unless otherwise specified, all monetary values are in Lakhs of INR
01/04/2018 01/04/2017
to to
31/03/2019 31/03/2018
Disclosure of effect of changes in foreign exchange rates [TextBlock]
Whether there is any change in functional currency during the year No No
Description of presentation currency INR

197
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

[500100] Notes - Subclassification and notes on income and expenses

Unless otherwise specified, all monetary values are in Lakhs of INR
01/04/2018 01/04/2017
to to
31/03/2019 31/03/2018
Subclassification and notes on income and expense explanatory [TextBlock]
Disclosure of revenue from operations [Abstract]
Textual information (48)
Disclosure of notes on revenue from operations explanatory [TextBlock] [See below]
Disclosure of revenue from operations for other than finance company
[Abstract]
Revenue from sale of products 0 0
Revenue from sale of services 19,122 10,955
Total revenue from operations other than finance company 19,122 10,955
Disclosure of revenue from operations for finance company [Abstract]
Total revenue from operations finance company 0 0
Total revenue from operations 19,122 10,955
Disclosure of other income [Abstract]
Textual information (49)
Disclosure of notes on other income explanatory [TextBlock] [See below]
Interest income [Abstract]
Interest income on current investments [Abstract]
Interest on fixed deposits, current investments 41 64
Interest on other current investments 19 422
Total interest income on current investments 60 486
Interest income on non-current investments [Abstract]
Interest on non-current intercorporate deposits 14 1
Total interest income on non-current investments 14 1
Total interest income 74 487
Dividend income [Abstract]
Dividend income current investments [Abstract]
Total dividend income current investments 0 0
Dividend income non-current investments [Abstract]
Total dividend income non-current investments 0 0
Total dividend income 0 0
Net gain/loss on sale of investments [Abstract]
Net gain/loss on sale of current investments 471 1,995
Total net gain/loss on sale of investments 471 1,995
Rental income on investment property [Abstract]
Total rental income on investment property 0 0
Other non-operating income [Abstract]
Net gain (loss) on foreign currency fluctuations treated as other
income [Abstract]
Total net gain/loss on foreign currency fluctuations treated as
0 0
other income
Surplus on disposal, discard, demolishment and destruction of
2 0
depreciable property, plant and equipment
Miscellaneous other non-operating income (A) 476 (B) 183
Total other non-operating income 478 183
Total other income 1,023 2,665
Disclosure of finance cost [Abstract]
Textual information (50)
Disclosure of notes on finance cost explanatory [TextBlock] [See below]
Interest expense [Abstract]
Interest expense non-current loans [Abstract]
Total interest expense non-current loans 0 0
Interest expense current loans [Abstract]
Total interest expense current loans 0 0
Interest expense borrowings 434 0
Other interest charges 70 0
Total interest expense 504 0
Total finance costs 504 0
Employee benefit expense [Abstract]
Textual information (51)
Disclosure of notes on employee benefit expense explanatory [TextBlock] [See below]
Salaries and wages 17,444 15,571

198
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

Managerial remuneration [Abstract]

Remuneration to directors [Abstract]
Total remuneration to directors 0 0
Remuneration to manager [Abstract]
Total remuneration to manager 0 0
Total managerial remuneration 0 0
Contribution to provident and other funds [Abstract]
Contribution to provident and other funds for others 562 403
Total contribution to provident and other funds 562 403
Employee share based payment [Abstract]
Employee share based payment- Equity settled 1,063 4,729
Total employee share based payment 1,063 4,729
Leave encashment expenses 116 41
Gratuity 366 356
Staff welfare expense 243 223
Total employee benefit expense 19,794 21,323
Depreciation, depletion and amortisation expense [Abstract]
Depreciation expense 804 1,220
Amortisation expense 1,980 788

Depletion expense (C) 1,571 (D) 170

Total depreciation, depletion and amortisation expense 4,355 2,178
Breakup of other expenses [Abstract]
Textual information (52)
Disclosure of notes on other expenses explanatory [TextBlock] [See below]
Consumption of stores and spare parts 0 0
Power and fuel 586 290
Rent 2,753 1,711
Repairs to building 58 89
Repairs to machinery 0 0
Insurance 50 132
Rates and taxes excluding taxes on income [Abstract]
Other cess taxes 56 98
Total rates and taxes excluding taxes on income 56 98
Subscriptions membership fees 269 267
Telephone postage 197 372
Printing stationery 32 52

Information technology expenses (E) 909 (F) 1,218

Travelling conveyance 457 607
Legal professional charges 719 786
Training recruitment expenses 105 157
Directors sitting fees 0 0
Advertising promotional expenses 967 1,641
Cost repairs maintenance other assets 718 607
Cost transportation [Abstract]
Cost freight 1,035 1,320
Total cost transportation 1,035 1,320
Impairment loss on financial assets [Abstract]
Impairment loss on financial assets trade receivables 23 204
Impairment loss on financial assets loans and advances 908 0
Impairment loss on financial assets investments 461 0
Total impairment loss on financial assets 1,392 204
Impairment loss on non financial assets [Abstract]
Impairment loss on property plant and equipment 0 25
Total impairment loss on non-financial assets 0 25
Net provisions charged [Abstract]
Provision statutory liabilities created 890 0
Total net provisions charged 890 0
Discount issue shares debentures written off [Abstract]
Total discount issue shares debentures written off 0 0
Loss on disposal of intangible Assets 0 0
Loss on disposal, discard, demolishment and destruction of
0 0
depreciable property plant and equipment
Contract cost [Abstract]
Overhead costs apportioned contracts [Abstract]
Total overhead costs apportioned contracts 0 0
Total contract cost 0 0
Payments to auditor [Abstract]
Payment for audit services 55 45

199
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

Payment for taxation matters 0 4

Payment for other services 0 6
Payment for reimbursement of expenses 3 4
Total payments to auditor 58 59
Payments to cost auditor [Abstract]
Total payments to cost auditor 0 0
CSR expenditure 0 0

Miscellaneous expenses (G) 7,779 (H) 4,459

Total other expenses 19,030 14,094
Current tax [Abstract]
Total current tax 0 0

200
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

Footnotes
(A)

Unwinding of discount on security deposits 277

Others 19

Sub-lease income 54

Miscellaneous income 126

(B)

Unwinding of discount on security deposits 40

Others 29

Sub-lease income 92

Miscellaneous income 22

(C) Impairment of goodwill

(D) Impairment of Intellectual property right
(E)

Information technology services 441

Web hosting expenses 255

Payment gateway fees 213

(F)

Information technology services 755

Web hosting expenses 275

Payment gateway fees 188

(G)

Miscellaneous expenses 439

Subcontracting cost 2,569

Consumables 547

Bad debts written off 37

201
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

Manpower services 1,425

Foreign exchange loss (Net) 2

Compensatory fees (Refer note 43) 2,760

(H)

Compensatory fees (Refer note 43) 987

Manpower services 1,669

Bad debts written off 164

Consumables 569

Subcontracting cost 763

Miscellaneous expenses 307

202
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

Textual information (48)

Disclosure of notes on revenue from operations explanatory [Text Block]

Note 21: Revenue from operations

31 March 31 March
2019 2018

Sale of Services

Advertising 5,013 4,871

Lead referral fee 3,926 2,653

Commission 4,954 6,361

Marketing and management service fee from home rental solutions (Refer note 43) 8,515 752

Beauty services 2,448 1,135

Other services 4,503 1,736

Gross revenue from operations 29,359 17,508

Less: Payments to customers (refer note below) (10,237) (6,553)

Net revenue from operations 19,122 10,955

Note: Payment made to customer comprises of Incentives and other compensation adjusted
with revenue pursuant to the

requirement of Ind AS 115.

Payments to customers comprises :

Incentives 4,403 5,801

Compensatory fees (Refer note 43) 5,834 752

10,237 6,553

203
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

Textual information (49)

Disclosure of notes on other income explanatory [Text Block]

Note 22: Other income

Interest income on:

Loans to related parties (Refer note 35) 14 1

Deposits with banks 41 64

Investments measured at amortised cost 19 422

Unwinding of discount on security deposits 277 40

Others 19 29

370 556

Gain on sale of investments measured at FVTPL 432 1,535

Fair value gain of investments measured at FVTPL 39 460

Sub-lease income 54 92

Net gain on disposal of property, plant and equipment 2 -

Miscellaneous income 126 22

1,023 2,665

204
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

Textual information (50)

Disclosure of notes on finance cost explanatory [Text Block]

Note 25:Finance costs

31 March 2019 31 March 2018

Interest expenses on:

- borrowings 434 -

- Redeemable preference shares 46 -

Others 24 -

504 -

Textual information (51)

Disclosure of notes on employee benefit expense explanatory [Text Block]

Note 23: Employee benefits expense

Salaries, wages and bonus 17,444 15,571

Employee share-based payments (Refer note 36) 1,063 4,729

Gratuity expense (Refer note 29) 366 356

Compensated absence expense 116 41

Contribution to provident fund and other funds 562 403

Staff welfare expenses 243 223

19,794 21,323

205
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

Textual information (52)

Disclosure of notes on other expenses explanatory [Text Block]

Note 26: Other expenses

Advertisement and sales promotion 967 1,641

Information technology services 441 755

Web hosting expenses 255 275

Payment gateway fees 213 188

Manpower services 1,425 1,669

Rent 2,753 1,711

Repairs and maintenance

Buildings 58 89

Others 718 607

Net loss on disposal of property, plant and equipment - 25

Foreign exchange loss (Net) 2 0

Recruitment and training expenses 105 157

Subscription expense 269 267

Freight expense 1,035 1,320

Travelling and conveyance 457 607

Professional, consultancy and legal fees (Refer note below) 777 845

Power and fuel 586 290

Printing and stationery 32 52

Compensatory fees (Refer note 43) 2,760 987

Loss allowances on investments 461 -

206
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

Loss allowance on loans 908 -

Bad debts written off 37 164

Loss allowance on trade receivables 23 204

Provision for doubtful balances with government authority 890 -

Communication expenses 197 372

Consumables 547 569

Subcontracting cost 2,569 763

Insurance 50 132

Rates and taxes, excluding, taxes on income 56 98

Miscellaneous expenses 439 307

19,030 14,094

Note: Payments to the auditor (excluding taxes) *

As auditor

Audit fee 55 45

Tax audit fee - 4

Certification - 6

Reimbursement of expenses 3 4

58 59

(*) Payments made to the auditors of the parent company.

207
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

[613200] Notes - Cash flow statement

Unless otherwise specified, all monetary values are in Lakhs of INR
01/04/2018 01/04/2017
to to 31/03/2017
31/03/2019 31/03/2018
Disclosure of cash flow statement [TextBlock]
Cash and cash equivalents cash flow statement 8,713 3,659 3,366
Cash and cash equivalents 8,713 3,659
Income taxes paid (refund), classified as operating activities 206 23
Total income taxes paid (refund) 206 23

[500200] Notes - Additional information statement of profit and loss

Unless otherwise specified, all monetary values are in Lakhs of INR
01/04/2018 01/04/2017
to to
31/03/2019 31/03/2018
Additional information on profit and loss account explanatory [TextBlock]
Net write-downs (reversals of write-downs) of inventories 0 0
Net write-downs (reversals of write-downs) of property, plant and
0 0
equipment
Net impairment loss (reversal of impairment loss) recognised
0 0
in profit or loss, trade receivables
Net gains (losses) on disposals of non-current assets 0 0
Net gains (losses) on disposals of property, plant and equipment 0 0
Net gains (losses) on disposals of investment properties 0 0
Net gains (losses) on disposals of investments 0 0
Net gains (losses) on litigation settlements 0 0
Net gains (losses) on change in fair value of derivatives 0 0
Total share of other comprehensive income of associates and
0 0
joint ventures accounted for using equity method, net of tax
Total share of other comprehensive income of associates and
0 0
joint ventures accounted for using equity method, before tax
Total aggregated income tax relating to share of other
comprehensive income of associates and joint ventures 0 0
accounted for using equity method
Total aggregated income tax relating to components of other
0 0
comprehensive income
Total changes in inventories of finished goods, work-in-progress and
0 0
stock-in-trade
Total exceptional items 0 0
Total revenue arising from exchanges of goods or services 0 0
Total domestic turnover goods, gross 0 0
Total export turnover goods, gross 0 0
Total revenue from sale of products 0 0
Domestic revenue services 18,635 10,344
Export revenue services 487 611
Total revenue from sale of services 19,122 10,955
Gross value of transaction with related parties 0 0
Bad debts of related parties 0 0

208
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

[611200] Notes - Fair value measurement

Unless otherwise specified, all monetary values are in Lakhs of INR
01/04/2018 01/04/2017
to to
31/03/2019 31/03/2018
Textual information (53)
Disclosure of fair value measurement [TextBlock] [See below]
Disclosure of fair value measurement of assets [TextBlock]
Whether assets have been measured at fair value No No
Disclosure of fair value measurement of liabilities [TextBlock]
Whether liabilities have been measured at fair value No No
Disclosure of fair value measurement of equity [TextBlock]
Whether equity have been measured at fair value No No

209
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

Textual information (53)

Disclosure of fair value measurement [Text Block]

Note 31: Fair value measurements

Financial instruments by category and hierarchy

31
Particulars March
2019

Amortised
FVOCI FVTPL Level I Level III
cost

Financial Assets

Investment in mutual fund - - 1,763 1,763 -

Investment in Equity Shares - - -

0 0

Investment in bonds and debentures - - - - -

Loans 17,007 - - - -

Trade receivables 1,856 - - - -

Cash and cash equivalents 8,713 - - - -

Bank balances other than cash and cash equivalent - - -

39 -

Other financial assets 449 - - - -

Total financial assets 1,763 1,763

28,064 0 0

Financial liabilities

Borrowings 7,705 - - - -

Trade payables 2,015 - - - -

210
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

Other financial liabilities 8,410 - - - -

Total financial liabilities - - - -

18,130

31
Particulars March
2018

Amortised
FVOCI FVTPL Level I Level III
cost

Financial Assets

Investment in mutual fund - - 7,316 7,316 -

Investment in bonds and debentures 4,088 - 4,990 - -

Loans 10,045 - - - -

Trade receivables 1,381 - - - -

Cash and cash equivalents 3,659 - - - -

Bank balances other than cash and cash equivalent - - -

15 -

Other financial assets 1,214 - - - -

Total financial assets - 12,306 12,306 -

20,402

Financial liabilities

Trade payables 3,780 - - - -

Other financial liabilities 3,014 - - - -

Total financial liabilities 6,794 - - - -

211
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

Note 31: Fair value measurements - Continued

Management has assessed that the fair value of cash

and cash equivalents, loans receivable, trade
receivables, trade payables, other financial assets and
liabilities approximate their carrying amounts largely
due to the short-term maturities of these instruments.
The fair value of liquid mutual funds is based on net
asset value (NAV) declared by the fund house.

The fair values of loans and security deposits are

determined based on discounted cash flows calculated
using an appropriate discount rate. There are no
significant changes in fair value of such assets as
compared to their carrying amounts.

[613300] Notes - Operating segments

Unless otherwise specified, all monetary values are in Lakhs of INR
01/04/2018 01/04/2017
to to
31/03/2019 31/03/2018
Disclosure of entity's operating segments [TextBlock]
Disclosure of reportable segments [TextBlock]
Whether there are any reportable segments No No
Disclosure of major customers [TextBlock]
Whether there are any major customers No No

[610700] Notes - Business combinations

Unless otherwise specified, all monetary values are in Lakhs of INR
01/04/2018 01/04/2017
to to
31/03/2019 31/03/2018
Textual information (54) Textual information (55)
Disclosure of business combinations [TextBlock] [See below] [See below]
Whether there is any business combination No No
Disclosure of reconciliation of changes in goodwill [TextBlock]
Whether there is any goodwill arising out of business combination No No
Disclosure of acquired receivables [TextBlock]
Whether there are any acquired receivables from business combination No No
Disclosure of contingent liabilities in business combination [TextBlock]
Whether there are any contingent liabilities in business combination No No

212
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

Textual information (54)

Disclosure of business combinations [Text Block]

Scheme of Amalgamation (Scheme)

(i) The National Company Law

Tribunal, Bengaluru bench
sanctioned the scheme of
arrangement (‘the Scheme’) between
Abhiman Technologies Private
Limited (ATPL), Babajob Services
Private Limited (BSPL), Rejuvenate
Solutions Private Limited (RSPL),
Cryptopy Technologies Private
Limited (CTPL), Glow Prime
Technologies Private Limited (GTPL)
and Quikr India Private Limited
(QIPL). Consequent to the scheme
of merger (the 'Scheme') formulated
under the provisions of Section 230
to 232 of the Companies Act, 2013
and approved by the National
Company Law Tribunal (NCLT),
Bengaluru bench vide order dated
May 06, 2019, ATPL, CTPL and
GTPL has been merged with the
Company with effect from April 1,
2017 and in respect of BSPL and
RSPL, the entities are merged from
September 11, 2017 and June 21,
2017 respectively i.e date of control
acquired by Quikr Mauritius Holding
Limited (QMHL).

(ii) ATPL was a Company

incorporated under the provisions of
the Companies Act and worked like a
marketplace connecting recuiters
with the potential candidates. It was
launched as India's first and only job
portal for notice period candidates.
Pursuant to the merger scheme,
QIPL has issued 49,510 equity
shares of Rs. 10/- each to QMHL as
consideration to QMHL.

(iii) BSPL was a Company

incorporated under the provisions of
the Companies Act and was mainly
into Manpower recruitment/supply
agency service. Pursuant to the
merger scheme, QIPL has issued
16,906 equity shares of Rs. 10/-
each to QMHL as consideration to
QMHL.

(iv) RSPL was a Company

incorporated under the provisions of
the Companies Act and was mainly
engaged in the business of providing
handyman services and home
solution services. Pursuant to the
merget scheme, QIPL issued 37,148
equity shares of Rs. 10/- each to
QMHL as consideration to QMHL.

213
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

(v) CTPL was a Company

incorporated under the provisions of
the Companies Act and owned
Grabhouse.com website. CTPL was
India's premier digitally-driven home
rental solutions provider, which offer
personalized services to all the users
to help them find suitable flats on
rent along with compatible flatmates.
CTPL was a house renting portal that
offered personalised and end-to-end
solutions for both owners and
tenants. Pursuant to the merger
scheme, QIPL issued 26,741 equity
shares of Rs. 10/- each to QMHL as
consideration to QMHL.

(vi) GTPL was a Company

incorporated under the provisions of
the Companies Act and was into
business of providing an online
platform to book and get on demand
beauty services at doorstep.
Pursuant to a merger scheme, QIPL
issued 70 equity shares of
Rs.10/- each, to QMHL as a
consideration to QMHL.

(vii) In accordance with Part III of the

Scheme, all the properties, assets,
liabilities and undertaking of
transferor companies were
transferred to the Company with
effect from the appointed date of
control as above at the respective
book values and this transaction has
been accounted in accordance with
the Pooling of Interests Method
outlined in Appendix C to Ind AS 103
"Business Combination", and the
surplus of the net assets acquired
over the consideration issued has
been credited to Capital Reserve in
the standalone financial statements.
CTPL and GTPL were subsidiaries of
QIPL and hence, were consolidated
in the financial year ended March 31,
2018. ATPL and RSPL were
associates of the Group and BSPL
was fellow subsidiary prior to merger.
The merger has now been
accounted in accordance with the
Pooling of Interests Method outlined
in Appendix C to Ind AS 103
"Business Combination", and the
surplus of the net assets acquired
over the consideration issued has

214
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

been credited to Capital Reserve in

the consolidated financial
statements.

Scheme of Amalgamation (Scheme)

- Continued

Effective
As at 1 April during the
Total
2017 (ATPL) year (RSPL
and BSPL)

NON-CURRENT ASSETS

Property, plant and equipment 16 35 51

Capital work-in-progress 3 - 3

Other intangible assets 18 44 62

Financial assets -

Loans 1 8 9

Other Financial Assets - 5 5

Other non-current assets - 5 5

Non-current tax assets 7 25 32

CURRENT ASSETS

Financial assets

Investments - 0 0

Trade receivables 12 3 15

Cash and cash equivalents 43 66 109

Bank balances other than cash and

- 0 0
cash equivalent

Loans - 82 82

215
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

Others financial assets 2 4 6

Other current assets 27 243 270

TOTAL 129 520 649

RESERVE AND SURPLUS

Securities premium account 1,912 11,573

9,661

Deficit in the statement of profit and

(2,123) (12,041)
loss (9,918)

Share options outstanding account 19 114 133

Capital redemption reserve 2 29 31

NON-CURRENT LIABILITIES -

Deferred tax liability (net) - 10 10

Provisions 6 1 7

CURRENT LIABILITIES

Financial liabilities

Borrowings 221 82 303

Trade payables 56 52 108

Other financial liabilities 6 93 99

Provisions 0 - 0

Other current liabilities 24 24 48

TOTAL 123 148 271

216
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

Net value of assets transferred

(A) 6 372 378
pursuant to Scheme

Consideration

Aggregate face value of Equity

shares to be issued by Quikr India
(B) 5 10
Private Limited to Quikr Mauritius 5
Private Limited

Investment of Quikr India in the

(C) 501 942 1,443
entities

Total Consideration D=B+C 506 947 1,453

Surplus/(Deficit) taken to Capital

A-D (500) (575)
reserve (1,075)

Impact due to implementation of Ind

AS 115

On application of Ind AS 115, the

group has netted off certain
incentives and payments to
customers with the revenue from
contracts with customers. These
incentives and payments to the
customers were shown seperately as
expense under advertisement and
sales promotion and compensatory
fees respectively in the previous year
under the erstwhile standard Ind AS
18.

Following reclassification from other

expenses to revenue from operations
have been made for year ended 31
March 2018 on adoption of Ind AS
115:

Statement of profit and loss

Classification
Classification in Ind AS 18 in Ind AS Amount
115

Revenue
Advertisement and sales promotion from 5,801
operations

217
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

Revenue
Compensatory fees from 752
operations

There is no impact on total equity of

the group on adoption of Ind AS 115
'Revenue from Contracts with
Customers'. Thus the Balance sheet
as on 1 April, 2017 has not been
presented.

The Holding Company provides a

platform to prospective tenants
(paying guests) helping them to find
rented accommodation to a certain
expected standard. The group has
entered into service agreements with
various property owners, whose
properties are listed on its platform,
to provide certain Marketing and
management services. Under such
service agreements, the property is
not at the disposal / control of the
Company, however, the group has
assured property owners a minimum
rental from prospective tenants with
a view to incentivizing more property
owners to register on the company’s
platform. Accordingly, when the
properties are not fully occupied, the
group compensates property owners
for unoccupied portion of the
property (compensatory fee) for not
being able to meet the commitments
under the service agreements. The
group has accounted service income
under such service agreements of
Rs. 2,681 lakhs (net of related
compensatory fee payment for
unoccupied beds) from such
agreements as revenue from
Marketing and management service
fee from home rental solutions.
Further, where compensatory fee for
unoccupied beds exceeds service
income from occupied beds under
certain agreements, such excess
amounting to Rs. 2,760 lakhs has
been accounted as Compensatory
fee under Other expenses. The
group is currently undertaking a
comprehensive assessment of the
impact of Appendix C to Ind AS 17
"Leases” to determine the
appropriate course of action going
forward.

(a) The Group is in the process of

expanding its business and is
currently incurring cash losses.
Based on the cash flow projections
for year ending March 31, 2020, the

218
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

Board of Directors does not foresee

any material uncertainty regarding
the Company's ability to continue as
a going concern for foreseeable
future and accordingly, these
financial statements have been
prepared on a going concern basis.

(b) Flat Dot To Technologies Private

Limited: The financial statements
have been prepared assuming that
the company will continue as a
"going concern' having regards to the
business plan of the company. In
addition, the Holding company
extends full financial support for the
period of 12 months from the date of
this financial statements to enable
the company to meet financial and
other obligations as and when arise.

219
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

Textual information (55)

Disclosure of business combinations [Text Block]

Note 40: Business Combinations

(i) Acquisition of Quikr Red Limited (formerly HDFC Developers Limited)

During Financial year 2017-18, the Group acquired control of Quikr Red Limited (formerly HDFC
Developers Limited) on 24 January 2018, engaged in rendering of real estate advisory services.
The acquisition has enabled the Group to enter into the real estate advisory services. The
acquisition was executed through a share purchase agreement for a consideration of Rs. 10,199
lakhs.

The following table presents the purchase consideration, fair value of asset acquired and goodwill
recognised on the date of control (i.e 24 January 2018) based on the valuation performed by an
independent Valuer.

Fair value recognised on acquisition

Amount

Property, plant and equipment 39

Cash and Cash Equivalent 154

Other current assets 52

Fair value of tangible assets 245

Fair value of Trademark, Intellactual property and Database 8,727

Total fair value of assets acquired 8,972

Deferred tax on intangibles 340

Other liabilities 4

Total fair value of net assets acquired 8,628

Goodwill arising on acquisition 1,571

10,199

220
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

The goodwill of Rs. 1,571 lakhs comprises the value of expected synergies arising from the
acquisition which is not separately recognised. The goodwill recognised is not expected to be
deductible for income tax purposes.

Purchase consideration Amount

Total Consideration paid by the Company 10,199

Total consideration 10,199

The Company issued 110,575 CCDs of Rs.10,199 lakhs as consideration for acquiring control in
Quikr Red Limited (formerly HDFC Developers Limited). Transaction costs relating to acquisition
which are not material have been expensed and are included in other expenses.

(ii) Acquisition of Quikr Realty Limited (formerly HDFC Realty Limited)

During Financial year 2017-18, the Group acquired control of Quikr Realty Limited (formerly
HDFC Realty Limited) on 24 January 2018, engaged in rendering of real estate advisory
services. The acquisition has enabled the Group to enter into the real estate advisory services.
The acquisition was executed through a share purchase agreement for a consideration of Rs.
25,499 lakhs.

The following table presents the purchase consideration, fair value of asset acquired and goodwill
recognised on the date of control (i.e 24 January 2018) based on the valuation performed by an
independent Valuer.

Fair value recognised on acquisition

Amount

Property, plant and equipment 49

Cash and Cash Equivalent 274

Other current assets 674

Fair value of tangible assets 997

Fair value of Trademark and Database 8,731

Deferred tax liability on intangibles 140

Total fair value of net assets acquired 9,588

221
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

Goodwill arising on acquisition 15,911

25,499

Transaction costs relating to acquisition have been expensed and are included in other
expenses.

Purchase consideration Amount

Total Consideration paid by the Company 25,499

Total consideration 25,499

The Company issued 276,438 CCDs at value of Rs.25,499 lakhs as a purchase consideration for
acquisition of control. Transaction costs relating to acquisition which are not material have been
expensed and are included in other expenses.

Revenue and profit contribution:

The acquired business contributed revenues of Rs.786 lakhs and net loss of Rs.441 lakhs to the
group from the date of acquisition untill 31 March 2018.
If the acquisition had occurred on April 1, 2017, consolidated pro-forma revenue would have
been Rs.2,303 lakhs and net loss of Rs.5,454 lakhs respectively. These amounts have been
calculated using the subsidiary’s financial statements and adjusting them for:
a) differences in the accounting policies between the group and the subsidiary, and
b) the additional depreciation and amortization that would have been charged assuming the fair
value adjustments to property, plant and equipment and intangible assets had applied from
January 24, 2018, together with the consequential tax effects.

222
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

[611500] Notes - Interests in other entities

Disclosure of details of subsidiaries [Table] ..(1)

Unless otherwise specified, all monetary values are in Lakhs of INR
Subsidiaries [Axis] 1 2
01/04/2018 01/04/2017 01/04/2018 01/04/2017
to to to to
31/03/2019 31/03/2018 31/03/2019 31/03/2018
Disclosure of subsidiaries
[Abstract]
Disclosure of subsidiaries
[Line items]
QUIKR REALTY QUIKR REALTY
Name of subsidiary LIMITED LIMITED
QUIKR RED LIMITED QUIKR RED LIMITED

Country of incorporation or
residence of INDIA INDIA INDIA INDIA
subsidiary
CIN of subsidiary company U74140MH2000PLC124897 U74140MH2000PLC124897 U45200MH1981PLC023708 U45200MH1981PLC023708
Section under which
Section 2(87)(ii) Section 2(87)(ii) Section 2(87)(ii) Section 2(87)(ii)
company became subsidiary
Whether subsidiary has filed
Yes Yes Yes Yes
balance sheet
SRN of filing of balance
R14160386 H33601394 R14161558 H34643916
sheet by subsidiary
Whether financial year of
subsidiary
different from financial year No No No No
of
holding company
Financial year of subsidiary
[Abstract]
Start date of accounting
period of 01/04/2018 01/04/2017 01/04/2018 01/04/2017
subsidiary
End date of accounting
period of 31/03/2019 31/03/2018 31/03/2019 31/03/2018
subsidiary
Description of reason why
using
different reporting date or 0
period for
subsidiary
Percentage of shareholding
0.00% 100.00% 0.00% 100.00%
in subsidiary
Key information about
subsidiary [Abstract]
Reporting currency of
INR INR INR INR
subsidiary
Exchange rate as
NA NA NA NA
applicable for subsidiary
Share capital of subsidiary
4,323.43 4,323 4,573.55 4,573

Reserves and surplus of

-6,108.18 -3,618 -5,006.94 -4,361
subsidiary
Total assets of subsidiary 1,464.55 1,421 238.92 380
Total liabilities of
1,464.55 1,421 238.92 380
subsidiary
Investment of subsidiary 0 0 0 0
Turnover of subsidiary 1,471.71 1,846 13.63 494
Profit before tax of
-2,493.34 -3,312 -238.31 -2,141
subsidiary
Provision for tax of
0 0 0 0
subsidiary
Profit after tax of
-2,493.34 -3,312 -238.31 -2,141
subsidiary
Proposed dividend of
0 0 0 0
subsidiary
QUIKR REALTY QUIKR REALTY
Name of subsidiary LIMITED LIMITED
QUIKR RED LIMITED QUIKR RED LIMITED

223
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

Country of incorporation or
residence of INDIA INDIA INDIA INDIA
subsidiary
CIN of subsidiary company U74140MH2000PLC124897 U74140MH2000PLC124897 U45200MH1981PLC023708 U45200MH1981PLC023708

Disclosure of details of subsidiaries [Table] ..(2)

Unless otherwise specified, all monetary values are in Lakhs of INR
Subsidiaries [Axis] 3 4
01/04/2018 01/04/2017 01/04/2018 01/04/2017
to to to to
31/03/2019 31/03/2018 31/03/2019 31/03/2018
Disclosure of subsidiaries
[Abstract]
Disclosure of subsidiaries
[Line items]
VITRUVIAN VITRUVIAN FLAT DOT TO FLAT DOT TO
Name of subsidiary TECHNOLOGIES TECHNOLOGIES TECHNOLOGIES TECHNOLOGIES
PRIVATE LIMITED PRIVATE LIMITED PRIVATE LIMITED PRIVATE LIMITED
Country of incorporation or
residence of INDIA INDIA INDIA INDIA
subsidiary
CIN of subsidiary company U74990MH2009PTC195051 U74990MH2009PTC195051 U74120KA2013PTC080545 U74120KA2013PTC080545
Section under which
Section 2(87)(ii) Section 2(87)(ii) Section 2(87)(ii) Section 2(87)(ii)
company became subsidiary
Whether subsidiary has filed
Yes Yes Yes Yes
balance sheet
SRN of filing of balance
R14690416 H37609989 R13262480 H32939639
sheet by subsidiary
Whether financial year of
subsidiary
different from financial year No No No No
of
holding company
Financial year of subsidiary
[Abstract]
Start date of accounting
period of 01/04/2018 01/04/2017 01/04/2018 01/04/2017
subsidiary
End date of accounting
period of 31/03/2019 31/03/2018 31/03/2019 31/03/2018
subsidiary
Percentage of shareholding
0.00% 100.00% 0.00% 100.00%
in subsidiary
Key information about
subsidiary [Abstract]
Reporting currency of
INR INR INR INR
subsidiary
Exchange rate as
NA NA NA NA
applicable for subsidiary
Share capital of subsidiary 20 20 5 5.18
Reserves and surplus of
-2,932.45 -2,064 -586.5 -85.1
subsidiary
Total assets of subsidiary 608.04 2,645 38.47 41.32
Total liabilities of
608.04 2,645 38.47 41.32
subsidiary
Investment of subsidiary 0 0 0 0
Turnover of subsidiary 691.85 691 0 0
Profit before tax of
-785.83 -785 -10.58 -20.13
subsidiary
Provision for tax of
0 0 0 0
subsidiary
Profit after tax of
-785.83 -785 -10.58 -20.13
subsidiary
Proposed dividend of
0 0 0 0
subsidiary
VITRUVIAN VITRUVIAN FLAT DOT TO FLAT DOT TO
Name of subsidiary TECHNOLOGIES TECHNOLOGIES TECHNOLOGIES TECHNOLOGIES
PRIVATE LIMITED PRIVATE LIMITED PRIVATE LIMITED PRIVATE LIMITED
Country of incorporation or
residence of INDIA INDIA INDIA INDIA
subsidiary
CIN of subsidiary company U74990MH2009PTC195051 U74990MH2009PTC195051 U74120KA2013PTC080545 U74120KA2013PTC080545

224
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

Disclosure of details of subsidiaries [Table] ..(3)

Unless otherwise specified, all monetary values are in Lakhs of INR
Subsidiaries [Axis] 5 6
01/04/2017 01/04/2017
to to
31/03/2018 31/03/2018
Disclosure of subsidiaries [Abstract]
Disclosure of subsidiaries [Line items]
CRYPTOPY GLOW PRIME
Name of subsidiary TECHNOLOGIES TECHNOLOGIES
PRIVATE LIMITED PRIVATE LIMITED
Country of incorporation or residence of subsidiary INDIA INDIA
CIN of subsidiary company U72900KA2013PTC085139 U72200KA2015PTC080138
Section under which company became subsidiary Section 2(87)(ii) Section 2(87)(ii)
Whether subsidiary has filed balance sheet Yes Yes
SRN of filing of balance sheet by subsidiary H32878498 H33731233
Whether financial year of subsidiary different from financial year of holding
No No
company
Financial year of subsidiary [Abstract]
Start date of accounting period of subsidiary 01/04/2017 01/04/2017
End date of accounting period of subsidiary 31/03/2018 31/03/2018
Percentage of shareholding in subsidiary 57.91% 99.99%
Key information about subsidiary [Abstract]
Reporting currency of subsidiary INR INR
Exchange rate as applicable for subsidiary NA NA
Share capital of subsidiary 3 9.01
Reserves and surplus of subsidiary -498 36.52
Total assets of subsidiary 2,884 103.09
Total liabilities of subsidiary 2,884 103.09
Investment of subsidiary 0 0
Turnover of subsidiary 1,616 0
Profit before tax of subsidiary -1,946 -6.36
Provision for tax of subsidiary 0 0
Profit after tax of subsidiary -1,946 -6.36
Proposed dividend of subsidiary 0 0
CRYPTOPY GLOW PRIME
Name of subsidiary TECHNOLOGIES TECHNOLOGIES
PRIVATE LIMITED PRIVATE LIMITED
Country of incorporation or residence of subsidiary INDIA INDIA
CIN of subsidiary company U72900KA2013PTC085139 U72200KA2015PTC080138

225
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

Unless otherwise specified, all monetary values are in Lakhs of INR

01/04/2018 01/04/2017
to to
31/03/2019 31/03/2018
Textual information (56)
Disclosure of interests in other entities [TextBlock] [See below]
Disclosure of interests in subsidiaries [TextBlock]
Disclosure of subsidiaries [TextBlock]
Whether company has subsidiary companies Yes Yes
Number of subsidiary companies 4 4
Whether company has subsidiary companies which are yet to commence
No No
operations
Whether company has subsidiary companies liquidated or sold during
No No
year
Disclosure of interests in associates [TextBlock]
Disclosure of associates [TextBlock]
Whether company has invested in associates No No
Whether company has associates which are yet to commence operations No No
Whether company has associates liquidated or sold during year No No
Disclosure of interests in joint arrangements [TextBlock]
Disclosure of joint ventures [TextBlock]
Whether company has invested in joint ventures No No
Whether company has joint ventures which are yet to commence
No No
operations
Whether company has joint ventures liquidated or sold during year No No
Disclosure of interests in unconsolidated structured entities [TextBlock]
Disclosure of unconsolidated structured entities [TextBlock]
Whether there are unconsolidated structured entities No No
Disclosure of investment entities [TextBlock]
Disclosure of information about unconsolidated subsidiaries [TextBlock]
Whether there are unconsolidated subsidiaries No No
Disclosure of information about unconsolidated structured entities
controlled by investment entity [TextBlock]
Whether there are unconsolidated structured entities controlled by
No No
investment entity

226
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

Textual information (56)

Disclosure of interests in other entities [Text Block]

Note 30:
Interest in other
entities

Subsidiaries

The Group's
subsidiaries
are set out
below. Unless
otherwise
stated, they
have share
capital
consisting
solely of equity
shares that are
held directly by
the Group and
proportion of
ownership
interests held
equals the
voting rights
held by the
Group. The
country of
incorporation or
registration is
also their
principal place
of business:

Ownership Ownership Ownership

Ownership
interest held interest held interest held
Country of interest held
Name of entity Principal Activities by the group by by
Incorporation by the group
non-controlling non-controlling
%
% interests interests

31 March 31 March
31 March 2019 31 March 2018
2019 2018

Flat Dot to
Advertising
Technologies India 100 - 100 -
Services
Private Limited

Vitruvian
Digital marketing
Technologies
and software India 100 - 100 -
Private Limited
development
(VTPL)

Quikr Red
Limited
(formerly Real estate
India 100 - 100 -
HDFC advisory services
Developers
Limited)

227
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

Quikr Realty
Limited Real estate
India 100 - 100 -
(formerly HDFC advisory services
Realty Limited)

Additional
information, as
required under
schedule III of
the Campanies
Act, 2013

Share in other Share in total

Share in
Net assets comprehensive comprehensive
profit or loss
income income

As a % of As a % of As a % of As a % of
Consolidated net Amount Consolidated Amount Consolidated Amount Consolidated Amount
assets profit or loss OCI TCI

Parent
company

Quikr India
112.37 65,585 81.46 (18,768) 88.98 144 81.41 (18,624)
Private Limited

Subsidiaries

Vitruvian
Technologies (3.49) (2,037) 3.41 (786) 7.02 11 3.39 (775)
Private Limited

Quikr Red
(0.04) (24) 1.03 (238) 1.18 2 1.03 (236)
Limited

Quikr Realty
(3.06) (1,785) 10.82 (2,493) 2.82 5 10.87 (2,488)
Limited

Flat Dot to
Technologies (0.16) (90) 0.05 (11) 0.00 - 0.05 (11)
Private Limited

Add/ (Less):
Consolidation (5.62) (3,283) 3.23 (744) 0.00 - 3.25 (744)
adjustments

Total 100.00 58,366 100.00 (23,040) 100.00 162 100.00 (22,878)

228
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

[613400] Notes - Consolidated Financial Statements

Disclosure of details of subsidiaries [Table] ..(1)

Unless otherwise specified, all monetary values are in Lakhs of INR
Subsidiaries [Axis] 1 2 3 4
01/04/2018 01/04/2018 01/04/2018 01/04/2018
to to to to
31/03/2019 31/03/2019 31/03/2019 31/03/2019
Disclosure of details of subsidiaries [Abstract]
Disclosure of details of subsidiaries
[LineItems]
Quikr Realty
Quikr Red Limited Vitruvian Flat Dot to
Limited (formerly
Name of subsidiary consolidated (formerly HDFC
HDFC Realty
Technologies Technologies
Developers Limited) Private Limited Private Limited
Limited)
B Wing, 2nd Floor,
1st Floor, Plot No 1st Floor, Plot No 1st Floor, Plot No No.106, Sub No. 5,
46/47 Jerbai Wadia 46/47 Jerbai Wadia 46/47 Jerbai Wadia 6 , 7 , 8 & 9
Principal place of business of subsidiary Road, Bhoiwada Road, Bhoiwada Road, Bhoiwada Rachenahalli,
consolidated Parel Mumbai Parel Mumbai Parel Mumbai Krishnarajapuram,
Mumbai City MH Mumbai City MH Mumbai City MH Hobli Bangalore
400012 400012 400012 Bangalore KA
560045
Country of incorporation or residence of
INDIA INDIA INDIA INDIA
subsidiary consolidated
Date of end of reporting period of
financial statements of subsidiary 31/03/2019 31/03/2019 31/03/2019 31/03/2019
consolidated
Description of reason why using
different reporting date or period for NA NA NA NA
subsidiary consolidated
Proportion of ownership interest in
100.00% 100.00% 100.00% 100.00%
subsidiary consolidated
Proportion of voting power held in
100.00% 100.00% 100.00% 100.00%
subsidiary consolidated

Disclosure of details of entities consolidated [Table] ..(1)

Unless otherwise specified, all monetary values are in Lakhs of INR
Entities consolidated [Axis] 1 2 3 4
01/04/2018 01/04/2018 01/04/2018 01/04/2018
to to to to
31/03/2019 31/03/2019 31/03/2019 31/03/2019
Disclosure of additional information consolidated
financial statements [Abstract]
Disclosure of additional information
consolidated financial statements [Line items]
VITRUVIAN FLAT DOT TO
QUIKR REALTY QUIKR RED TECHNOLOGIES TECHNOLOGIES
Name of entity consolidated LIMITED LIMITED PRIVATE PRIVATE
LIMITED LIMITED
Type of entity consolidated Indian Subsidiary Indian Subsidiary Indian Subsidiary Indian Subsidiary
Amount of net assets of entity consolidated -1,785 -24 -2,037 -90
Net assets of entity as percentage of
-3.06% -0.04% -3.49% -0.16%
consolidated net assets
Amount of share in profit or loss of entity
-2,493 -238 -786 -11
consolidated
Share in profit or loss of entity as
percentage of consolidated profit or 10.82% 1.03% 3.41% 0.05%
loss
Amount of share in other comprehensive income
5 2 11 0
consolidated
Share in other comprehensive income consolidated 2.82% 1.18% 7.02% 0.00%
Amount of share in comprehensive income
-2,488 -236 -775 -11
consolidated
Share in comprehensive income consolidated 10.87% 1.03% 3.39% 0.05%

229
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

Disclosure of details of entities consolidated [Table] ..(2)

Unless otherwise specified, all monetary values are in Lakhs of INR
Entities consolidated [Axis] 5 6
01/04/2018 01/04/2018
to to
31/03/2019 31/03/2019
Disclosure of additional information consolidated financial statements [Abstract]
Disclosure of additional information consolidated financial statements [Line items]
QUIKR INDIA
Consolidation
Name of entity consolidated PRIVATE
adjustments
LIMITED
Type of entity consolidated Parent Parent
Amount of net assets of entity consolidated 65,585 -3,283
Net assets of entity as percentage of consolidated net assets 112.37% -5.62%
Amount of share in profit or loss of entity consolidated -18,768 -744
Share in profit or loss of entity as percentage of consolidated profit or loss 81.46% 3.23%
Amount of share in other comprehensive income consolidated 144 0
Share in other comprehensive income consolidated 88.98% 0.00%
Amount of share in comprehensive income consolidated -18,624 -744
Share in comprehensive income consolidated 81.41% 3.25%

Unless otherwise specified, all monetary values are in Lakhs of INR

01/04/2018
to
31/03/2019
Disclosure of notes on consolidated financial statements explanatory
[TextBlock]
Whether consolidated financial statements is applicable on company Yes
Disclosure of details of subsidiaries [TextBlock]
Disclosure of additional information consolidated financial statements
[TextBlock]

[611400] Notes - Separate financial statements

Disclosure of subsidiaries [Table] ..(1)

Unless otherwise specified, all monetary values are in Lakhs of INR
Subsidiaries [Axis] 1 2
01/04/2018 01/04/2017 01/04/2018 01/04/2017
to to to to
31/03/2019 31/03/2018 31/03/2019 31/03/2018
Disclosure of subsidiaries
[Abstract]
Disclosure of subsidiaries [Line
items]
QUIKR REALTY QUIKR REALTY
Name of subsidiary LIMITED LIMITED
QUIKR RED LIMITED QUIKR RED LIMITED

CIN of subsidiary company U74140MH2000PLC124897 U74140MH2000PLC124897 U45200MH1981PLC023708 U45200MH1981PLC023708

Country of incorporation or
residence of INDIA INDIA INDIA INDIA
subsidiary
Proportion of ownership
100.00% 100.00%
interest in subsidiary
Proportion of voting rights
100.00% 100.00%
held in subsidiary

230
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

Disclosure of subsidiaries [Table] ..(2)

Unless otherwise specified, all monetary values are in Lakhs of INR
Subsidiaries [Axis] 3 4
01/04/2018 01/04/2017 01/04/2018 01/04/2017
to to to to
31/03/2019 31/03/2018 31/03/2019 31/03/2018
Disclosure of subsidiaries
[Abstract]
Disclosure of subsidiaries [Line
items]
VITRUVIAN VITRUVIAN FLAT DOT TO FLAT DOT TO
Name of subsidiary TECHNOLOGIES TECHNOLOGIES TECHNOLOGIES TECHNOLOGIES
PRIVATE LIMITED PRIVATE LIMITED PRIVATE LIMITED PRIVATE LIMITED
CIN of subsidiary company U74990MH2009PTC195051 U74990MH2009PTC195051 U74120KA2013PTC080545 U74120KA2013PTC080545
Country of incorporation or
residence of INDIA INDIA INDIA INDIA
subsidiary
Proportion of ownership
100.00% 100.00%
interest in subsidiary
Proportion of voting rights
100.00% 100.00%
held in subsidiary

Disclosure of subsidiaries [Table] ..(3)

Unless otherwise specified, all monetary values are in Lakhs of INR
Subsidiaries [Axis] 5 6
01/04/2017 01/04/2017
to to
31/03/2018 31/03/2018
Disclosure of subsidiaries [Abstract]
Disclosure of subsidiaries [Line items]
CRYPTOPY GLOW PRIME
Name of subsidiary TECHNOLOGIES TECHNOLOGIES
PRIVATE LIMITED PRIVATE LIMITED
CIN of subsidiary company U72900KA2013PTC085139 U72200KA2015PTC080138
Country of incorporation or residence of subsidiary INDIA INDIA

231
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

[610800] Notes - Related party

Disclosure of transactions between related parties [Table] ..(1)

Unless otherwise specified, all monetary values are in Lakhs of INR
Entities with joint control or significant influence over
Categories of related parties [Axis] Parent [Member]
entity [Member]
Related party [Axis] 1 2
01/04/2018 01/04/2017 01/04/2018 01/04/2017
to to to to
31/03/2019 31/03/2018 31/03/2019 31/03/2018
Disclosure of transactions between related parties
[Abstract]
Disclosure of transactions between related
parties [Line items]
Quikr Mauritius Quikr Mauritius
TALENTACE PRIVATE TALENTACE PRIVATE
Name of related party Holding Private Holding Private
LIMITED LIMITED
Limited Limited
Country of incorporation or residence of
MAURITIUS MAURITIUS INDIA INDIA
related party
CIN of related party U74900MH2016PTC272344 U74900MH2016PTC272344
Equity Contribution E q u i t y
(including share Contribution
Description of nature of transactions with Loans given and interest
premium received) (including share NA
related party acrued on loan
and Guarantee p r e m i u m
received received)
Description of nature of related party Holding
Holding company
relationship company
Related party transactions [Abstract]
Purchases of goods related party transactions 0 0 0 0
Other related party transactions income (A) 10,500 0
Other related party transactions
0 35
contribution made
Other related party transactions
2,865 14
contribution received
Outstanding balances for related party
transactions [Abstract]
Amounts payable related party transactions (B) 10,500 0
Amounts receivable related party transactions 0 36
Expense recognised during period for bad
and doubtful debts for related party 0 0 0 0
transaction

Footnotes
(A) Guarentees received during the year
(B) Guarentees received during the year

232
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

Disclosure of transactions between related parties [Table] ..(2)

Unless otherwise specified, all monetary values are in Lakhs of INR
Categories of related parties [Axis] Entities with joint control or significant influence over entity [Member]
Related party [Axis] 3 4
01/04/2018 01/04/2017 01/04/2018 01/04/2017
to to to to
31/03/2019 31/03/2018 31/03/2019 31/03/2018
Disclosure of transactions between
related parties
[Abstract]
Disclosure of transactions between
related
parties [Line items]
INDIA PROPERTY INDIA PROPERTY
PROPFINDER INDIA PROPFINDER INDIA
Name of related party ONLINE PRIVATE ONLINE PRIVATE
PRIVATE LIMITED PRIVATE LIMITED
LIMITED LIMITED
Country of incorporation or
residence of INDIA INDIA INDIA INDIA
related party
CIN of related party U74999TN2012PTC085210 U74999TN2012PTC085210 U74999TN2012PTC085203 U74999TN2012PTC085203
Loan Given, Interest
Description of nature of Income on Loan, Loss
transactions with allowance on loans, Loss NA Sale of services NA
related party allowance on interest
accrued on loans.
Related party transactions
[Abstract]
Purchases of goods related
0 0 0 0
party transactions
Revenue from rendering of
services related (A) 120 0 72 0
party transactions
Other related party
(B) 14 0
transactions income
Other related party
transactions (C) 815 0
contribution made
Outstanding balances for related
party
transactions [Abstract]
Amounts receivable related
(D) 1,535 0 84 0
party transactions
Explanation of details of
guarantees given
Guarantee Given - INR 560 Guarantee Given - INR 560
or received of outstanding Lakhs Lakhs
balances for
related party transaction
Expense recognised during
period for bad
and doubtful debts for related 0 0 0 0
party
transaction

Footnotes
(A) Sale of Services (Business support services)
(B) Interest income on loan
(C) Loan given
(D) Loan receivable - 815 Lakhs
Interest accrued on intercompany loans - 13 Lakhs
Trade receivables - 147 Lakhs
Guarantee given outstanding - 560 Lakhs

233
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

Disclosure of transactions between related parties [Table] ..(3)

Unless otherwise specified, all monetary values are in Lakhs of INR
Entities with joint control or significant influence over Key management personnel of entity
Categories of related parties [Axis]
entity [Member] or parent [Member]
Related party [Axis] 5 7
01/04/2018 01/04/2017 01/04/2018 01/04/2017
to to to to
31/03/2019 31/03/2018 31/03/2019 31/03/2018
Disclosure of transactions between related parties
[Abstract]
Disclosure of transactions between related
parties [Line items]
QMQI TRADING INDIA QMQI TRADING INDIA PRANAYA PRANAYA
Name of related party PRIVATE LIMITED PRIVATE LIMITED CHULET CHULET
Country of incorporation or residence of
INDIA INDIA INDIA INDIA
related party
Permanent account number of related party AAEPT1622K AAEPT1622K
CIN of related party U74999KA2018FTC113096 U74999KA2018FTC113096
Description of nature of transactions with Managerial Managerial
Sale of services NA
related party Remuneration Remuneration
Related party transactions [Abstract]
Purchases of goods related party transactions 0 0 0 0
Revenue from rendering of services related
16 0
party transactions
Other related party transactions expense (A) 291 (B) 428
Outstanding balances for related party
transactions [Abstract]
Amounts receivable related party transactions 17 0
Explanation of details of guarantees given
Guarantee Given - INR Guarantee Given - INR
or received of outstanding balances for 5000 Lakhs 5000 Lakhs
related party transaction
Expense recognised during period for bad
and doubtful debts for related party 0 0 0 0
transaction

Footnotes
(A)

- Pranaya Chulet

Salary and other benefits 230

Share based compensation 61

291

(B)

- Pranaya Chulet

Salary and other benefits 221

Share based compensation 207

428

234
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

Disclosure of transactions between related parties [Table] ..(4)

Unless otherwise specified, all monetary values are in Lakhs of INR
Key management personnel of entity or
Categories of related parties [Axis] Other related parties [Member]
parent [Member]
Related party [Axis] 8 6
01/04/2018 01/04/2017 01/04/2018 01/04/2017
to to to to
31/03/2019 31/03/2018 31/03/2019 31/03/2018
Disclosure of transactions between related parties
[Abstract]
Disclosure of transactions between related
parties [Line items]
Quikr India Private Quikr India Private
Limited Employees' Limited Employees'
Name of related party ATUL TEWARI ATUL TEWARI
Group Gratuity Group Gratuity
Assurance Scheme Assurance Scheme
Country of incorporation or residence of
INDIA INDIA INDIA INDIA
related party
Permanent account number of related party ALFPC3506R ALFPC3506R AACCC5187N AACCC5187N
Contribution to
Description of nature of transactions with Managerial Managerial Contribution to
employee benfit
related party Remuneration Remuneration employee benfit trust
trust
Related party transactions [Abstract]
Purchases of goods related party transactions 0 0 0 0
Other related party transactions expense (A) 307 (B) 409
Other related party transactions
19 27
contribution made
Expense recognised during period for bad
and doubtful debts for related party 0 0 0 0
transaction

Footnotes
(A)

- Atul Tewari

Salary and other benefits 214

Share based compensation 93

307

(B)

- Atul Tewari

Salary and other benefits 204

Share based compensation 205

409

Unless otherwise specified, all monetary values are in Lakhs of INR

01/04/2018 01/04/2017
to to
31/03/2019 31/03/2018
Disclosure of related party [TextBlock]
Whether there are any related party transactions during year Yes Yes
Textual information (57)
Disclosure of transactions between related parties [TextBlock] [See below]
Whether entity applies exemption in Ind AS 24.25 No No
Whether company is subsidiary company Yes Yes
Section under which company is subsidiary Section 2(87)(ii) Section 2(87)(ii)

235
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

Textual information (57)

Disclosure of transactions between related parties [Text Block]

Note 35: Related party disclosures

(i) List of related parties and relationship:

Names of related
Description of relationship
parties

(a) Controlling enterprises:

Quikr Mauritius
Holding company Holding Limited,
Mauritius

(b) Fellow subsidiaries and associates

TalentAce Private
Fellow subsidiary
Limited, India

India Property
Online Private
Fellow subsidiary
Limited (w.e.f 17
December 2018)

QMQI Trading
India Private
Fellow subsidiary
Limited (w.e.f 14
May 2018)

Propfinder India
Private Limited
Fellow subsidiary
(w.e.f 17
December 2018)

(c) Key management personnel

Pranaya Chulet:
Director Managing
Director

Atul Tewari:
Director
Director

236
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

(d) Employee benefit trust

Quikr India Private Limited Employees' Group Gratuity Assurance Scheme

Note 35: Related party disclosures - continued

(ii) Transactions with related parties

31 March 31 March
Transactions with related parties
2019 2018

Equity Contribution (including share premium received)

Quikr Mauritius Holding Private Limited 2,865 14

Loan given

Talent Ace Private Limited - 35

India Property Online Private Limited 815 -

815 35

Sale of Services (Business support services)

Propfinder India Private Limited 72 -

QMQI Trading India Private Limited 16 -

India Property Online Private Limited 120 -

208 -

Interest income on loan

India Property Online Private Limited 14 -

237
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

Talent Ace Private Limited - 1

14 1

Managerial remuneration (Refer note 1 below)

- Pranaya Chulet

Salary and other benefits 230

221

Share based compensation 61

207

291
428

- Atul Tewari

Salary and other benefits 214

204

Share based compensation 93

205

307
409

Contribution to employee benfit trust

Quikr India Private Limited Employees' Group Gratuity Assurance Scheme 19 27

Guarentees received during the year

Quikr Mauritius Holding Private Limited 10,500 -

Guarentees given during the year

QMQI Trading India P Ltd 5,000 -

India Property Online Private Limited 560 -

5,560 -

238
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

(iii) Outstanding balances

The following balances are outstanding at the end of the reporting period in
relation to transactions
with related parties:

31 March 31 March
2019 2018

Loan receivable

Talent Ace Private Limited 35 35

India Property Online Private Limited 815 -

850 35

Interest accrued on intercompany loans

India Property Online Private Limited 13 -

Talent Ace Private Limited 1 1

14 1

Trade receivables

QMQI Trading India Private Limited 17 -

Propfinder India Private Limited 84 -

India Property Online Private Limited 147 -

248 -

Guarentees received during the year

Quikr Mauritius Holding Private Limited 10,500 -

239
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

Guarentees given during the year

QMQI Trading India P Ltd 5,000 -

India Property Online Private Limited 560 -

5,560 -

Terms and conditions of transactions with related parties

1. The loans to related parties are working capital loans and are generally
repayable on demand at interest rates of 8% per annum. All other transactions
were made on normal commercial terms and conditions and at market rates. All
outstanding balances are unsecured and are repayable in cash.

2. Provision for gratuity and leave encashment, which are based on actuarial
valuation done on an overall basis, is excluded.

[611700] Notes - Other provisions, contingent liabilities and contingent assets

Unless otherwise specified, all monetary values are in Lakhs of INR
01/04/2018 01/04/2017
to to
31/03/2019 31/03/2018
Disclosure of other provisions, contingent liabilities and contingent assets
[TextBlock]
Disclosure of contingent liabilities [TextBlock]
Whether there are any contingent liabilities No No

[610500] Notes - Events after reporting period

Unless otherwise specified, all monetary values are in Lakhs of INR
01/04/2018 01/04/2017
to to
31/03/2019 31/03/2018
Disclosure of events after reporting period [TextBlock]
Disclosure of non-adjusting events after reporting period [TextBlock]
Whether there are non adjusting events after reporting period No No

240
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

[612500] Notes - Share-based payment arrangements

Unless otherwise specified, all monetary values are in Lakhs of INR
01/04/2018 01/04/2017
to to
31/03/2019 31/03/2018
Disclosure of share-based payment arrangements [TextBlock]
Whether there are any share based payment arrangement No No
Disclosure of number and weighted average exercise prices of share options
[TextBlock]
Number of share options outstanding in share based payment arrangement
[Abstract]
Total changes of number of share options outstanding in share based
0 0
payment arrangement
Number of share options outstanding in share-based payment
0 0
arrangement at end of period
Weighted average exercise price of share options outstanding in
share based payment arrangement [Abstract]
Total changes of weighted average exercise price of share
0 0
options outstanding in share-based payment arrangement
Weighted average exercise price of share options outstanding in
0 0
share-based payment arrangement at end of period
Disclosure of number and weighted average exercise prices of other equity
instruments [TextBlock]
Number of other equity instruments outstanding in share based payment
arrangement [Abstract]
Number of other equity instruments granted in share-based payment
0 0
arrangement
Total changes of number of other equity instruments outstanding
0 0
in share-based payment arrangement
Weighted average exercise price of other equity instruments
outstanding in share based payment arrangement [Abstract]
Total changes of weighted average exercise price of other
equity instruments outstanding in share-based payment 0 0
arrangement
Weighted average exercise price of other equity instruments
0 0
outstanding in share-based payment arrangement at end of period
Disclosure of indirect measurement of fair value of goods or
services received, other equity instruments granted during
period [TextBlock]
Number of other equity instruments granted in share-based payment
0 0
arrangement
Expense from share-based payment transactions in which goods or
services received did not qualify for recognition as assets
[Abstract]
Total expense from share-based payment transactions in which
goods or services received did not qualify for recognition as 0 0
assets

241
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

[613000] Notes - Earnings per share

Unless otherwise specified, all monetary values are in Lakhs of INR
01/04/2018 01/04/2017
to to
31/03/2019 31/03/2018
Textual information (58)
Disclosure of earnings per share [TextBlock] [See below]
Basic earnings per share [Abstract]
Basic earnings (loss) per share from continuing operations [INR/shares] -207.49 [INR/shares] -213.97
Total basic earnings (loss) per share [INR/shares] -207.49 [INR/shares] -213.97
Diluted earnings per share [Abstract]
Diluted earnings (loss) per share from continuing operations [INR/shares] -207.49 [INR/shares] -213.97
Total diluted earnings (loss) per share [INR/shares] -207.49 [INR/shares] -213.97
Profit (loss), attributable to ordinary equity holders of parent entity
[Abstract]
Profit (loss), attributable to ordinary equity holders of parent entity -23,040 -23,743
Profit (loss), attributable to ordinary equity holders of parent
-23,040 -23,743
entity including dilutive effects
Weighted average shares and adjusted weighted average shares [Abstract]
Weighted average number of ordinary shares outstanding [shares] 1,11,04,248 [shares] 1,10,96,734
Adjusted weighted average shares [shares] 0 [shares] 0

Textual information (58)

Disclosure of earnings per share [Text Block]

Note 28: Earnings per share

(Loss) attributable to equity shareholders of parent (23,040) (23,743)

Nominal value of each equity share (in Rupees) 10 10

Weighted average number of Equity Shares outstanding during the year

1,11,04,248 1,10,96,734

Loss per share - Basic and diluted (in Rupees) (207.49) (213.97)

Note: Compulsary Convertible Debentures and share suspense account outstanding as at

31 March 2019 and 31 March 2018 are anti-dilutive. Hence diluted earnings per share has
not been disclosed and same has been restricted to Basic EPS.

242
QUIKR INDIA PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2018 to 31/03/2019

[610900] Notes - First time adoption

Unless otherwise specified, all monetary values are in Lakhs of INR
01/04/2018 01/04/2017
to to
31/03/2019 31/03/2018
Disclosure of first-time adoption [TextBlock]
Whether company has adopted Ind AS first time No No
Disclosure of reconciliation of equity from previous GAAP to Ind AS
[TextBlock]
Equity as per Indian GAAP 0 0
Equity as per Ind AS 0 0
Disclosure of reconciliation of comprehensive income from previous GAAP
to Ind AS [TextBlock]
Comprehensive income as per Indian GAAP 0 0
Comprehensive income as per Ind AS 0 0
Disclosure of reconciliation of profit (loss) for the period from
previous GAAP to Ind AS [TextBlock]
Profit (loss) for the period as per Indian GAAP 0 0
Profit (loss) for the period as per Ind AS 0 0

243