For the Financial Year Ended March 31,
2021 2020 2019
(in millions, except percentages)

 

 

Revenue from operation:

 

 

 

 

 

Sales of goods .... 30,484.94 99.33% 28,484.55 99.23% 22,563.49 99.28%
Sales of services..... 22.81 0.07% 2797 0.10% 25.24 0.11%
Other operating revenue 184.94 0.60% 193.51 0.67% 138.64 0.61%
‘FolaLrevenve from operations excncexe 30,692.69 100.00% 28,706.03 10.00% 22,727.37 __:100.00%

 

 

 

The table below sets forth a break-down of our revenue from operations by segment and as a percentage of our total revenue
from operations for the periods indicated.

For the Six Months Ended September 30,
2021 2020
(Zin millions, except percentages)

 

 

Revenue from operations:

 

 

 

 

 

Sales of goods . 18,630.24 99.10% 14,529.83 99.35%
Sales of services . 52.66 0.28% 9.04 0.05%
Other operating revenue... 116.31 0.62% 86.69 0.60%
‘Total revetiue from’aperations 18,799.21 100.00% 14,625.56 100.00%

 

 

Other income. Other income primarily comprises (a) interest income, which we derive from bank deposits and financial
instruments, (b) liabilities no longer required written back, which comprise time barred payables that are written back, (c) rental
income, which comprise sublease income from subsidiaries, (d) gain on de-recognition of right-of-use assets, (e) lease rent
concessions, and (f) miscellaneous income.

Expenses

Expenses consist primarily of (i) purchase of traded goods, (ii) cost of materials consumed, (iii) increase in inventories of
finished goods and work-in progress, (iv) employee benefits expense, (v) finance costs, (vi) depreciation and amortization
expense and (vii) other expenses. The table below sets forth a break-down of our expenses and as a percentage of our total
expenses for the years indicated.

For the Financial Year Ended March 31,
2021 2020 2019

(Zin millions, except percentages)

 

 

Expenses:

Purchase of traded goods.
Cost of materials consumed.
Increase in inventories of finished goods and worl
progress ..

25,213.88 84.17% 25,806.68 90.28% +—18,713.73. 82.72%
82.45 0.28% 38.60 0.13% 16.93 0.08%

 

 

 

(1,054.40) (3.52)% (2,479.90) (8.68)% (290.39) (1.28)%

 

  
 

 

Employee benefits expense .. 3,386.51 11.30% 2,724.02 9.53% — 2,113.73 9.34%
Finance costs 548.45 1.83% 467.96 1.64% 500.03 2.21%
Depreciation and amortization expense 882.70 2.95% 748.07 2.62% 585.93 2.59%
Net loss on fair value changes... - - 322.97 1.13% - -
Other expenses 897.57 2.99% 956.88 3.35% 981.93, 4.34%

 

 

Total expenses 29,957.16 — 100.00% — 28,585.28 — 100.00% 22,621.89 —_100.00%

 

 

The table below sets forth a break-down of our expenses and as a percentage of our total expenses for the periods indicated.

For the Six Months Ended September 30, 2021
2021 2020
(in millions, except percentages)

 

 

   
 

Expenses:

Purchase of traded goods. 15,297.42 84.64% 11,806.05 82.35%
Cost of materials consumed. 74.10 0.41% 53.86 0.38%
Increase in inventories of finished goods and work-in-progress (577.06) (3.19)% (418.69) -2.92%
Employee benefits expense . 1,798.14 9.95% 1,800.17 12.56%
Finance costs 313.21 1.73% 270.80 1.88%
Depreciation and amortization expense 547.64 3.03% 422.07 2.94%
Other expenses... 619.99 3.43% 402.67 2.80%

 

Total expenses...

Purchase of traded goods. Purchase of traded goods comprises costs incurred to purchase the inventory of products that we
have sold in the relevant period.

Costs of materials consumed. Cost of materials consumed comprises the cost of raw materials and packing materials consumed
ina period. Raw materials consumed relate to the raw materials we used for the manufacturing of private label products. Packing

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