Tax Assets and Liabilities

12 Months Ended

Mar. 31, 2022

Disclosure Of Tax Assets And Liabilities [Abstract]

20)	TAX ASSETS AND LIABILITIES

Unrecognized Deferred Tax Assets

Deferred tax assets have not been recognized in respect of the following items:

	As at March 31
Particulars	2021		2022
Deductible temporary differences		37,368		42,682
Tax losses carry forward		178,792		170,569
Total		216,160		213,251

During the years ended March 31, 2020, 2021 and 2022, the Company did not recognize deferred tax assets on tax losses, unabsorbed depreciation and other temporary differences mainly related to share based

payments and employee benefits, because it is not probable that future taxable profits will be available. Further, deferred tax assets have been recognised only to the extent of deferred tax liabilities. The above tax losses as at March 31, 2022 excluding unabsorbed depreciation in the subsidiaries expire at various dates ranging from 2023 to 2035 except for the tax losses in the Singapore and Indonesia entities amounting to USD 3,350, which can be carried forward for an indefinite period. Unabsorbed depreciation of USD 27,622 (March 31, 2021: USD 30,609) in the Indian subsidiaries can be carried forward for an indefinite period. Other deductible temporary differences do not have any expiry date.

Recognized Deferred Tax Assets and Liabilities

Deferred tax assets and liabilities are attributable to the following:

	As at March 31
	2021			2022			2021			2022			2021			2022
Particulars	Assets						Liabilities						Net
Property, plant and equipment		—			85			—			—			—			85
Intangible assets, excluding goodwill		—			—			(19,410	)		(15,337	)		(19,410	)		(15,337	)
Trade and other receivables		48			47			—			—			48			47
Convertible notes		—			—			(6,364	)		(4,314	)		(6,364	)		(4,314	)
Employee benefits		73			92			—			—			73			92
Other non-current liabilities		8			23			—			—			8			23
Share based payments		111			—			—			—			111			—
Tax loss carry forwards		21,670			16,808			—			—			21,670			16,808
Deferred tax assets/ (liabilities) before set off		21,910			17,055			(25,774	)		(19,651	)		(3,864	)		(2,596	)
Set off		(21,910	)		(17,055	)		21,910			17,055			—			—
Net deferred tax assets/(liabilities)		—			—			(3,864	)		(2,596	)		(3,864	)		(2,596	)

Movement in deferred tax assets/(liabilities) during the year

Particulars	Balance as at April 1, 2020			Recognised in profit or loss			Recognised directly in equity			Recognised in other comprehensive income		Effects of movement in foreign exchange rates			Balance as at March 31, 2021			Recognised in profit or loss			Recognised in other comprehensive income		Effects of movement in foreign exchange rates			Balance as at March 31, 2022
Property, plant and equipment		—			—			—			—		—			—		86				—		(1	)		85
Intangible assets, excluding goodwill		(20,916	)		1,917			—			—		(411	)		(19,410	)		3,203			—		870			(15,337	)
Trade and other receivables		48			(1	)		—			—		1			48			—			—		(1	)		47
Convertible notes		—			282			(6,646	)		—		—			(6,364	)		2,050			—		—			(4,314	)
Employee benefits		119			(48	)		—			—		2			73			22			—		(3	)		92
Share based payments		228			(120	)		—			—		3			111			(111	)		—		—			—
Tax losses carry forward		18,739			2,555			—			—		376			21,670			(4,025	)		—		(837	)		16,808
Other non-current liabilities		5			2			—			—		1			8			16			—		(1	)		23
Total		(1,777	)		4,587			(6,646	)		—		(28	)		(3,864	)		1,241			—		27			(2,596	)