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Related party disclosures (Tables)
 12 Months Ended
Mar. 31, 2023
Summary of arm’s length transactions with related parties

During the year, the Group entered into the following transactions and balances, in the ordinary course of business on an arm’s length basis, with related parties:

 

   March 31, 
Transactions during the year  2021   2022   2023 
Group Companies of entities having significant influence            
Communication expense   649    -    - 

Entities having significant influence

               

Loan taken

   

-

    

-

    

821,900

 

Interest cost

   -    -    42,838 
Bank charges   

-

    

-

    

47,765

 
Joint venture company               
Rendering of services   (21)   -    - 
Recovery of expenses   741    824    102 
Loan given   19,500    2,500    1,000 
Interest income   7,206    4,240    - 
Commission expense   (1)   -    - 

 

 

Yatra Online, Inc.

Notes to the consolidated financial statements

(Amount in INR thousands, except per share data and number of shares)

 

   March 31, 
Balances as at (net of allowances)  2022   2023 
Joint venture company          
Trade receivable */**   -    530 
Other financial assets**   -    - 
Entities having significant influence         

 
Unsecured loan from third party investor (refer to note 32)   -    821,900

 
Interest accrued   -    43,842 

 

*Trade receivables includes advance given against the future bookings amounting INR 530 (March 31, 2022: Nil). Provision for impairment on trade receivables INR Nil (March 31, 2022: INR 3,837). Closing balance of trade receivables (net of allowance) as of March 31, 2023 is INR 530 (March 31, 2022: INR Nil), refer to note 26.

 

**

Provision for impairment on loans to joint venture is INR 1,000 (March 31, 2022: INR 72,719). Cumulative provision for impairment on loans to joint venture as on March 31, 2023 is INR 73,719 (March 31, 2022: INR 72,719). Closing balance of loans to joint venture (net of allowance) as of March 31, 2023 is INR Nil (March 31, 2022: INR Nil), refer to note 27.

Schedule of key management compensation

 

   2021   2022   2023 
   March 31, 
   2021   2022   2023 
             
Short-term employee benefits   27,462    35,019    44,749 
Contributions to defined contribution plans   259    340    618 
Profit linked bonus   16,130    -    6,765 
Directors Sitting fee’s   10,846    10,516    14,345 
Share based payment   53,330    157,715    114,632 
Total compensation paid to key management personnel   108,027    203,590    181,109