Depreciation and Amortisation. Our depreciation and amortisation expenses increased by 7.6% to
% 2,446.65 million for the financial year 2020 from % 2,273.25 million for the financial year 2019, primarily due
to an increase in the number of POS devices and right-of-use assets.

Share of net loss of associate. Our share of net loss of associate, comprising and representing our share of net
losses of our associate, PT. Nova Digital Perkasa, was % 8.71 million, or 0.00% of our total income, in the
financial year 2020, as compared to nil in the financial year 2019.

Total Tax Expense. Our total tax expense increased to % 365.10 million for the financial year 2020 from
% 126.95 million for the financial year 2019, primarily as result of an increase in profit before tax by 51.5% to
% 1,195.24 million for the financial year 2020 from % 788.89 million for the financial year 2019.

Profit for the Year Attributable to Equity Shareholders. Our profit for the year increased by 25.4% to
% 830.14 million for the financial year 2020 from % 661.94 million for the financial year 2019 due to the reasons
stated above.

Select Balance Sheet Items
August 31, 2021 as compared to March 31, 2021

Total Current Assets. Our total current assets increased to % 16,860.20 million as of August 31, 2021 from
% 16,783.59 million as of March 31, 2021, primarily due to:

© an increase in other current assets to = 734.23 million as of August 31, 2021 from % 643.69 million as
of March 31, 2021, which was mainly on account of an increase in other advances to 2 442.19 million
as of August 31, 2021 from = 345.43 million as of March 31, 2021; and

* an increase in current investments to 2 6,598.28 million as of August 31, 2021 from 2 96.91 million as
of March 31, 2021, which was on account of our purchase of 650,000,000 0.01% compulsorily
convertible preference shares (“CCPS”) of = 10 each issued by our Corporate Promoter, Vineha
Enterprises Private Limited, amounting to 2 6,500.00 million. For further details, see “Key terms of
subsisting shareholders’ agreements — Share subscription agreements - Share Subscription Agreement
dated April 1, 2021 entered into between Vineha Enterprises Private Limited and the Company” on
page 190. This was offset by a decrease in cash and cash equivalents to 288.63 million as of August
31, 2021 from 2 5,923.23 million as of March 31, 2021, on account of a decrease in current accounts
balance with banks to = 269.53 million as of August 31, 2021 from % 5,887.21 million, on account of
the purchase of the aforementioned CCPS issued by our Corporate Promoter, Vineha Enterprises
Private Limited.

Investments. We recorded investments of % 6,598.28 million as of August 31, 2021 as compared to
% 96.91 million as of March 31, 2021, on account of our purchase of 650,000,000 0.01% CCPS of % 10issued by
our Corporate Promoter, Vineha Enterprises Private Limited, amounting to 2 6,500.00 million.

Total Non-Current Liabilities. Our total non-current liabilities increased by 2.93% to % 11,943.74 million as of
August 31, 2021 from 2 11,604.21 million as of March 31, 2021. This was primarily due to an increase in
borrowings to = 8,887.18 million as of August 31, 2021 from % 8,661.83 million as of March 31, 2021, as well
as an increase in lease liabilities to = 2,744.78 million as of August 31, 2021 from 2 2,587.51 million as of
March 31, 2021, due to an increase in the new ATM sites that we took on lease.

Total Other Current Financial Liabilities. Our total other current financial liabilities decreased by 6.0% to
% 761.06 million as of August 31, 2021 from % 809.50 million as of March 31, 2021, primarily due to a decrease
in payable for capital goods to % 58.52 million as of August 31, 2021 from 2 89.75 million as of March 31,
2021.

Other Current Liabilities. Our other current liabilities increased by 18.27% to % 1,997.40 million as of August
31, 2021 from 2 1,688.86 million as of March 31, 2021, primarily due to an increase in balances due to
government authorities to = 1,549.92 million as of August 31, 2021 from % 1,044.87 million as of March 31,
2021, which was partially offset by a decrease in unearned revenue to 2 315.46 million as of August 31, 2021
from 2 555.82 million as of March 31, 2021.

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