Non-controlling interests in the net assets of consolidated subsidiaries is identified and presented in the Restated
Consolidated Statement of Assets and Liabilities within equity.

Non-controlling interests in the net assets of consolidated subsidiaries consists of:

e the amount of equity attributable to non-controlling interests at the date on which investment in a
subsidiary is made; and

e the non-controlling interest’s share of movements in equity since the date parent subsidiary relationship
came into existence.

The profit and other comprehensive income (“OCI”) attributable to non-controlling interests of subsidiaries are
shown separately in the Restated Consolidated Statement of Profit and Loss and Restated Consolidated
Statement of Changes in Equity.

Upon loss of control, we derecognize the assets and liabilities of the subsidiary, any non-controlling interest and
the other components of equity related to the subsidiary. Any surplus or deficit arising on the loss of control is
recognized in the Restated Consolidated Statement of Profit and Loss. If we retain any interest in the previous
subsidiary, then such interest is measured at fair value at the date that control is lost and the differential is
recognized in Restated Consolidated Statement of Profit and Loss. Subsequently, it is accounted for as an
equity-accounted investee depending on the level of influence retained.

As far as possible, the Restated Consolidated Financial Information is prepared using uniform accounting
policies for like transactions and other events in similar circumstances and are presented in the same manner as
our Company’s Restated Standalone Financial Information.

The subsidiaries or step-down subsidiaries considered in the preparation of the Restated Consolidated Financial
Information and our shareholding in these companies as of the dates indicated are as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

‘As of
Subsidiaries ey ee = August 31,|March 31,|March 31,|March 31,
2021 | 2021 | 2020 | 2019

al Teaser Services Limited (we ApH LT Co pany india 100%! 100%! 100%! 100%
feurdie India Limited (we AprI24, | Company nila qox| owe! 160%! duos
ae Mane So PET. (GISEY) | waaay | singapete 100%} 100%] 100%} 100%
wae Ree CNTPL") GTsL_ | singapore 90%] 90% 90% 90%
Foledhect Moon otih Gompany, ntPL | Cambodia 90%} 90%] 90%] 90%
See oa Comoration (wet) nerpr, | Philippines 90% 90% 90% 90%
pet cone the os IER vate) Limited NTPL Sri Lanka 90% 90% 90% 90%
oe Owed, Company India 60% 60% 60% 60%

 

* Not considered for consolidation purposes.
Associates

An associate is an entity in which we have significant influence, but not control or joint control, over the
financial and operating policies. Interests in associates are accounted for using the equity method. They are
initially recognized at cost which includes transaction costs. Subsequent to initial recognition, the Restated
Consolidated Financial Information includes our share of profit and loss and OCI of equity-accounted investees
until the date on which significant influence ceases.

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