FLIPKART INDIA PRIVATE LIMITED

Standalone Financial Statements for period 01/04/2017 to 31/03/2018

[700300] Disclosure of general information about company

Unless otherwise specified, all monetary values are in Millions of INR
01/04/2017 01/04/2016
to to
31/03/2018 31/03/2017
FLIPKART INDIA PRIVATE
Name of company LIMITED
Corporate identity number U51909KA2011PTC060489
Permanent account number of entity AABCF8078M
Vaishnavi Summit, Ground
Floor, 7th Main, 80 Feet
Road, 3rd Block,
Address of registered office of company Koramangala Industrial
Layout, Bangalore KA
560034 IN
Commercial and
Type of industry Industrial
Registration date 19/09/2011
Company limited by Shares
Category/sub-category of company / Non-govt company
Whether company is listed company No
Date of board meeting when final accounts were approved 03/05/2018
Period covered by financial statements 01-04-2017 To 31-03-2018 01-04-2016 To 31-03-2017
Date of start of reporting period 01/04/2017 01/04/2016
Date of end of reporting period 31/03/2018 31/03/2017
Nature of report standalone consolidated Standalone
Content of report Financial Statements
Description of presentation currency INR
Level of rounding used in financial statements Millions
Type of cash flow statement Indirect Method
Whether company is maintaining books of account and other relevant
Yes
books and papers in electronic form
Vaishnavi Summit, Ground
Floor, 7th Main, 80 Feet
Complete postal address of place of maintenance of computer Road, 3rd Block,
servers (storing accounting data) Koramangala Industrial
Layout, Bangalore KA
560034 IN
Name of city of place of maintenance of computer servers (storing
Bangalore
accounting data)
Name of state/ union territory of place of maintenance of
Karnataka
computer servers (storing accounting data)
Pin code of place of maintenance of computer servers (storing
560034
accounting data)
Name of district of place of maintenance of computer servers
Bangalore
(storing accounting data)
ISO country code of place of maintenance of computer servers
IN
(storing accounting data)
Name of country of place of maintenance of computer servers
IN
(storing accounting data)
Phone (with STD/ ISD code) of place of maintenance of computer
080-67302000
servers (storing accounting data)
FLIPKART INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

Disclosure of principal product or services [Table] ..(1)

Unless otherwise specified, all monetary values are in Millions of INR
Types of principal product or services [Axis] Column 1
01/04/2017
to
31/03/2018
Disclosure of general information about company [Abstract]
Disclosure of principal product or services [Abstract]
Disclosure of principal product or services [LineItems]
Product or service category (ITC 4 digit) code 9961
Wholesale trade
Description of product or service category services
Turnover of product or service category 214,386.5
Highest turnover contributing product or service (ITC 8 digit) code 99612490
Household
appliances, articles
Description of product or service and equipment
n.e.c.
Unit of measurement of highest contributing product or service NA
Turnover of highest contributing product or service 214,386.5

[700600] Disclosures - Directors report

Details of directors signing board report [Table] ..(1)

Unless otherwise specified, all monetary values are in Millions of INR
Directors signing board report [Axis] Column 1 Column 2
01/04/2017 01/04/2017
to to
31/03/2018 31/03/2018
Details of signatories of board report [Abstract]
Details of directors signing board report [LineItems]
Name of director signing board report [Abstract]
First name of director NEERAJ PRABHU
Middle name of director BALA
Last name of director JAIN SRINIVASAN
Designation of director Director Director
Director identification number of director 01861694 07850158
Date of signing board report 20/09/2018 20/09/2018

Details of material contracts/arrangements/transactions at arm's length basis [Table] ..(1)

Unless otherwise specified, all monetary values are in Millions of INR
Material contracts/arrangements/transactions at arm's length basis [Axis] Column 1
01/04/2017
to
31/03/2018
Details of material contracts/arrangements/transactions at arm's length basis [Abstract]
Details of material contracts/arrangements/transactions at arm's length basis [LineItems]
Various Related
Name of related party Parties
Nature of related party relationship Holding company
Various Transactios
which are in the
ordinary course of
business and at
Description of nature of material contracts/arrangements/transactions with related party arm's lenght as
detailed in Note no
21 of the Financial
Statement
Various Transactios
which are in the
ordinary course of
business and at
Duration of material contracts/arrangements/transactions with related party arm's lenght as
detailed in Note no
21 of the Financial
Statement
Amount paid as advances if any for material contracts/arrangements/transactions with related party 0

2
FLIPKART INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

Details of principal business activities contributing 10% or more of total turnover of company [Table] ..(1)
Unless otherwise specified, all monetary values are in Millions of INR
Product/service Product/service 1
Principal business activities of company [Axis]
[Member] [Member]
01/04/2017 01/04/2017
to to
31/03/2018 31/03/2018
Details of principal business activities contributing 10% or more of total turnover
of company [Abstract]
Details of principal business activities contributing 10% or more of total
turnover of company [LineItems]
Name of main product/service Sale of traded goods Sale of traded goods
Wholesale of (A) Wholesale of
Description of main product/service household goods household goods
NIC code of product/service 464 (B) 464
Percentage to total turnover of company 100.00% 100.00%

Footnotes
(A) For details please refer the MGT-9 attached with the Board report.
(B) For details please refer the MGT-9 attached with the Board report.

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FLIPKART INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

Unless otherwise specified, all monetary values are in Millions of INR

01/04/2017
to
31/03/2018
Textual information (1)
Disclosure in board of directors report explanatory [TextBlock] [See below]
As mentioned in Directors
Description of state of companies affair Report
Disclosure relating to amounts if any which is proposed to carry to any As mentioned in Directors
reserves Report
As mentioned in Directors
Disclosures relating to amount recommended to be paid as dividend Report
As mentioned in Directors
Details regarding energy conservation Report
As mentioned in Directors
Details regarding technology absorption Report
As mentioned in Directors
Details regarding foreign exchange earnings and outgo Report
As mentioned in Directors
Disclosures in director’s responsibility statement Report
Details of material changes and commitment occurred during period As mentioned in Directors
affecting financial position of company Report
As mentioned in
Particulars of loans guarantee investment under section 186 [TextBlock] Directors Report
Particulars of contracts/arrangements with related parties under section As mentioned in
188(1) [TextBlock] Directors Report
Details of contracts/arrangements/transactions not at arm's length
basis [Abstract]
Whether there are contracts/arrangements/transactions not at arm's
No
length basis
Details of material contracts/arrangements/transactions at arm's
length basis [Abstract]
Whether there are material contracts/arrangements/transactions at
Yes
arm's length basis
Date of board of directors' meeting in which board's report referred
20/09/2018
to under section 134 was approved

Please refer
Disclosure of extract of annual return as provided under section 92(3)
Annexure C of the
[TextBlock] Directors Report

Details of principal business activities contributing 10% or more

of total turnover of company [Abstract]
Name of main product/service Sale of traded goods
Wholesale of household
Description of main product/service goods
NIC code of product/service 464
Percentage to total turnover of company 100.00%
Particulars of holding, subsidiary and associate companies [Abstract]
FLIPKART INDIA PRIVATE
Name of company LIMITED
Details of shareholding pattern of top 10 shareholders [Abstract]
Disclosure of statement on declaration given by independent directors As mentioned in
under section 149(6) [TextBlock] Directors Report
As mentioned in
Reappointment of independent directors as per section 149(10) [TextBlock] Directors Report
Disclosure for companies covered under section 178(1) on
As mentioned in
directors appointment and remuneration including other matters Directors Report
provided under section 178(3) [TextBlock]
Disclosure of statement on development and implementation of risk As mentioned in
management policy [TextBlock] the Directors Report
Details on policy development and implementation by company on
As mentioned in
corporate social responsibility initiatives taken during year the Directors Report
[TextBlock]
Disclosure as per rule 8(5) of companies accounts rules 2014 [TextBlock]
As mentioned in
Disclosure of financial summary or highlights [TextBlock] the Directors Report
As mentioned in
Disclosure of change in nature of business [TextBlock] the Directors Report
Details of directors or key managerial personnels who were As mentioned in
appointed or have resigned during year [TextBlock] the Directors Report
Disclosure of companies which have become or ceased to be its
As mentioned in
subsidiaries, joint ventures or associate companies during the Directors Report
year [TextBlock]
Details relating to deposits covered under chapter v of companies act As mentioned in
[TextBlock] the Directors Report
Details of deposits which are not in compliance with requirements As mentioned in
of chapter v of act [TextBlock] the Directors Report

4
FLIPKART INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

Details of significant and material orders passed by

As mentioned in
regulators or courts or tribunals impacting going concern the Directors Report
status and company’s operations in future [TextBlock]
Details regarding adequacy of internal financial controls with As mentioned in
reference to financial statements [TextBlock] the Directors Report
Disclosure of appointment and remuneration of director or As mentioned in
managerial personnel if any, in the financial year [TextBlock] the Directors Report
Details of remuneration of director or managerial personnel [Abstract]
Number of meetings of board [pure] 16
Details of signatories of board report [Abstract]
Name of director signing board report [Abstract]

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FLIPKART INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

Textual information (1)

Disclosure in board of directors report explanatory [Text Block]

BOARD’S REPORT

To the Members of Flipkart India Private Limited

Your Directors are pleased to present the Seventh Annual Report of Flipkart India Private Limited (“the Company”) together with the
Audited Financial Statements and Independent Auditors’ Report of the Company for the financial year ended 31st March 2018.

1. Financial Results / Highlights

(Amount in Rs /Millions)

Particulars As on 31st March 2018 As on 31st March 2017

Net Total Income 216,576.66 155,692.62

Less: Operating and Admin. Expenses 236,368.81 157,477.52

Profit/(Loss) before depreciation and Taxes (19,792.15) (1,784.9)

Less: depreciation and amortization 622.42 561.95

Less: Finance Cost 233.69 100.48

Profit/(Loss) before taxes (20,648.26) (2,447.33)

Less: Taxes (including deferred tax and fringe benefit Tax) 0 0

Profit/(Loss) after taxes (PAT) (20,648.26) (2,447.33)

Add: Other comprehensive income 10.02 (3.14)

Total comprehensive income / (Loss) (20,638.24) (2,450.47)

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FLIPKART INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

2. Results of operations and state of affairs of the Company

During the year ended 31st March 2018, the net total income of Company was Rs.216,576.66 million as against the net total income of
Rs.155,692.62 million in the previous financial year witnessing an increase of 39.11 % in the net total income.

Your Company incurred net loss of Rs.20,638.24 million during the financial year under review as against the net loss of Rs.2,450.47 million
in the previous financial year. The increase in the net loss is due to employee benefit expenses, finance cost, purchase of traded goods and
other miscellaneous expenses.

At the Extra-Ordinary General Meeting held on 12th July 2018, members of the Company approved for amendment and restatement of the
existing Articles of Association (“AOA”) of the Company in order to abrogate the rights and privileges provided to the previous
investors/shareholders (i.e. Accel India Venture II (Mauritius) Ltd., Accel Growth FII (Mauritius) Ltd. and Tiger Global International II
Holdings) of holding company of the Company [i.e. Flipkart Private Limited (formerly Flipkart Limited), Singapore (“FKS”)], which were
provided earlier in the AOA of the Company.

In August 2018, Walmart, the US based retail giant, acquired controlling stake in FKS, your Company’s holding company. This is a
significant positive development for your Company and companies in the Flipkart Group.

3. Dividend

In view of continuous losses, your Directors do not recommend any dividend for the financial year ended 31st March 2018.

4. Share Capital

18,71,329 equity shares of Re.1/- each were issued and allotted on 5th February 2018 to Flipkart Private Limited (formerly Flipkart Limited),
Singapore, the Holding Company, on rights issue basis at a premium of Rs. 23,899/- per equity share.

As at 31st March 2018, the authorized share capital of the Company was Rs.1,00,00,000/- consisting of 1,00,00,000 equity shares of Re.1/-
each.

As at 31st March 2018, the paid-up share capital of the Company was Rs.72,76,968/- consisting of 72,76,968 equity shares of Re.1/- each.

7
FLIPKART INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

5. Amount transferred to Reserves

For the financial year ending 31st March 2018, the Company has not transferred any sum to reserves.

6. Business Operations of the Company

Your Company is engaged in business of cash and carry trading/wholesale trading of all types of goods and products including all types of
publications, electronics, electrical goods, personal products, healthcare products, home and business products, entertainment products,
software’s, toys, etc., on B2B basis over the internet or otherwise.

There is no change in the nature of business of the Company during the financial year under review.

7. Information on Subsidiary or Associates, joint venture and their performance report

During the financial year under review, your Company had no subsidiary, joint venture or associate company.

8. Public/Fixed Deposits

Your Company did not accept any public/fixed deposits and, as such, no amount of principal or interest was outstanding as on the financial
year ended 31st March 2018.

9. Material changes and commitments

There were no material changes and commitments between the end of the financial year and the date of the report affecting the financial
position of the Company.

10. Composition of Nomination and Remuneration Committee and their policies

8
FLIPKART INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

The provisions of Section 178(1) of the Act are not applicable to the Company. Hence, disclosure of the Company’s policy on director’s
appointment and remuneration including criteria for determining qualifications, positive attributes, and independence of a director is not
applicable.

11. Particulars of loans, guarantees or investments

Loans, guarantee and investments covered under section 186 of the Companies Act, 2013 forms part of the notes to the financial statements.

12. Particulars of contracts or arrangements made with related parties

All the contracts / arrangements entered with the related parties are at arm’s length price and in the ordinary course of business; hence they
do not fall under the preview of section 188 of the Companies Act, 2013.

13. Information on Directors

As on the date of this report, Mr. Neeraj Jain, Mr. Sakait Chaudhary, Mr. Sankap Gupta and Mr. Prabhu Bala Srinivasan are the Directors on
the Company’s Board.

The following changes were made in the Board of the Company for the period from 1st April 2017 till the date of this report:

a) Mr. Lalit Bhimani was appointed as Additional Director of the Company with effect from 8th September 2017 and his appointment
as Director was confirmed at the Annual general meeting held on 25th September 2017;

b) Mr. Vinod Tulsiraman Giri resigned as Director of the Company with effect from 8th September 2017;

c) Mr. Sakait Chaudhary was appointed as Additional Director of the Company with effect from 30th October 2017 and will hold the
office until the ensuing Annual General Meeting (AGM) of the Company. Your Board recommends for the confirmation of his appointment
as Director at the ensuing AGM;

d) Mr. Neeraj Jain was appointed as Additional Director of the Company with effect from 30th October 2017 and will hold the office
until the ensuing Annual General Meeting (AGM). Your Board recommends for the confirmation of his appointment as Director at the
ensuing AGM;

e) Mr. Rajiv Sawhney resigned as Director of the Company with effect from 3rd November 2017;

f) Mr. Sankalp Gupta was appointed as Additional Director of the Company with effect from 10th November 2017 and will hold the
office until the ensuing Annual General Meeting (AGM). Your Board recommends for the confirmation of his appointment as Director at the
ensuing AGM.;

9
FLIPKART INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

g) Mr. Lalit Bhimani resigned as director of the Company with effect from 23rd March 2018;

h) Mr. Prabhu Bala Srinivasan was appointed as Additional Director of the Company with effect from 3rd July 2018 and will hold the
office until the ensuing Annual General Meeting (AGM). Your Board recommends for the confirmation of his appointment as Director at the
ensuing AGM.

The provisions of Key Managerial Personnel (KMP) as prescribed under the Companies Act 2013 are not applicable to the Company.

14. Declaration of Independent Directors

The provisions of Section 149(4) of the Companies Act, 2013 and the Rules made there-under pertaining to the appointment of Independent
Directors are not applicable to your Company.

15. Number of Board Meetings

During the financial year 2017-18, the Board met 16 (sixteen) times on the following dates: 26th April 2017, 28th April 2017, 1st June 2017,
30th June 2017, 24th July 2017, 10th August 2017, 25th August 2017, 8th September 2017, 25th September 2017, 7th November 2017, 10th
November 2017, 15th November 2017, 20th December 2017, 19th January 2018, 5th February 2018 and on 23rd March 2018.

The intervening gap between any two meetings was within the period prescribed by the Companies Act, 2013. In addition to these meetings,
your Directors have had regular interaction with management in their stewardship role.

Number of meetings attended by each Director of the Company during the financial year:

Name of the No. of Board Meetings entitled to attend No. of Board meetings attended
DIN Designation
Director during the financial year* during the financial year

Mr. Rajiv
01815226 Director 9 9
Sawhney

Mr. Vinod
07535401 Director 8 8
Tulsiraman Giri

10
FLIPKART INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

Mr. Lalit Bhimani 07849779 Director 8 7

Mr. Neeraj Jain 01861694 Director 7 7

Mr. Sakait
07472033 Director 7 1
Chaudhary

Mr. Sankalp
07986653 Director 5 5
Gupta

* indicates the number of Board meetings held during in financial year 2017-18 during the tenure of respective directors.

16. Directors’ Responsibility Statement

Your Directors confirm that:

• in the preparation of the annual accounts, the applicable accounting standards have been followed and that no material departures
have been made from the same;

• they have selected such accounting policies and applied them consistently and made judgments and estimates that are reasonable
and prudent, so as to give a true and fair view of the state of affairs of the Company at the end of the financial year and of the profits of the
Company for that period;

• they have taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of
the Companies Act, 2013, for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities;

• they have prepared the annual accounts on a going concern basis;

• they have devised proper systems to ensure compliance with the provisions of all applicable laws and such systems are adequate and
operating effectively.

17. Secretarial Standards

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FLIPKART INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

Your Company has complied with the provisions of applicable Secretarial Standards issued by the Institute of Company Secretaries of India
(ICSI) during the financial year under review, to the best of its knowledge and belief.

18. Risk Management Policy

Your Company is in the process of developing a Risk Management Policy (“Policy”) commensurate with the Company’s business operations
and size. The Policy would aim to identify perceived risks that might potentially impact the operations of the Company and/or threaten the
existence of the Company. Risks are assessed department wise such as financial risks, information technology related risks, legal risks, and
risks of accounting fraud etc.

Your Company will continue to implement appropriate measures to achieve prudent balance between risk and reward in both ongoing and
new business activities.

In the opinion of the Board there are no risks that threaten the existence of the Company.

19. Internal Financial Control

The management along with the Internal Auditors monitor and evaluate the efficacy and adequacy of internal control system in the Company,
its compliance with operating systems, accounting procedures and policies. Based on the report of Internal Audit function, process owners
undertake corrective action in their respective areas and thereby strengthen the controls. Significant audit observations and corrective actions
thereon are presented to the Board.

Such internal financial controls were found to be adequate in all material respects and operating effectively.

20. Statutory Auditors

At the Annual General Meeting held on 30th September 2014, the members had approved the appointment M/s. SR Batliboi & Associates
LLP, Chartered Accountants (ICAI Firm Registration No.101049W/E300004), as statutory auditors of the Company for a period of five years
to hold the office till the conclusion of the eighth annual general meeting or the completion of liquidation of the Company, whichever is
earlier, subject to ratification of the appointment at every annual general meeting held after the third annual general meeting.

Further, as per the MCA notification dated May 7, 2018, the provisions of Section 40 of the Companies (Amendment) Act, 2017 has come in
to force w.e.f. May 7, 2018. According to which proviso to sub-section (1) of section 139 is omitted and accordingly, the ratification of

12
FLIPKART INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

appointment of the statutory auditors at every annual general meeting is not required.

The Board of Directors of the Company noted that same and agreed that, the ratification of appointment of M/s S R Batliboi & Associates
LLP, Chartered Accountants, as statutory auditors of the Company, will not be required to be considered at the ensuing AGM of the
Company.

21. Auditor’s Report

The report given by the Auditors on the financial statements of the Company is part of the Annual Report. There has been no qualification,
reservation, adverse remark or disclaimer given by the Auditors in their Report.

22. Disclosures on the fraud as reported by auditors

No case of fraud was reported by the Company’s Auditors during the year, pursuant to the provisions of Section 143(12) of the Companies
Act, 2013.

23. Significant or material orders passed by the regulators or courts

There were no significant material orders passed by the regulators or courts during the financial year under review, which would impact the
going concern status of the Company and its future operations.

24. Corporate Social Responsibility (“CSR”)

Pursuant to the provisions of Section 135 of the Companies Act, 2013 your Board formed a CSR Committee and has also approved the CSR
Policy as recommended by the CSR Committee and the same is enclosed as Annexure A.

Considering the losses incurred during the financial year under review and also for the previous financial years, the Company has not spent
any amount towards CSR activities.

The statement on CSR as required under the Companies (Corporate Social Responsibility Policy) Rules, 2014 is given in Annexure B of the
Board’s Report.

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FLIPKART INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

25. Particulars of Employees

The provisions of Rule 5(2) of Chapter XIII, the Companies (Appointment and Remuneration of Managerial person) is not applicable to the
Company, for the financial year under review.

26. Vigil Mechanism

Provisions of Vigil Mechanism is not applicable to your Company during the financial year under review.

27. Extract of Annual Return

As required under the provisions of Section 134(3) (a) of the Companies Act, 2013, the extract of Annual Return in the prescribed format is
given as Annexure C to this Report.

28. Conservation of energy, research and development, technology absorption, foreign exchange earnings and outgo

The particulars as prescribed under sub-section 3(m) of Section 134 of the Companies Act, 2013 read with the Companies (Accounts) Rules,
2014 are enclosed as Annexure D to this Report.

29. Prevention of Sexual Harassment (POSH) Policy

The Company has in place Prevention of Sexual Harassment Policy in line with the requirements of the Sexual Harassment of Women at
Workplace (Prevention, Prohibition and Redressal), Act, 2013. Internal Complaints Committee (ICC) as provided in the said Act is set up to
redress complaints received regarding sexual harassment. All employees (including permanent, contractual, temporary, trainee or any other
category of employees) are covered under this policy.

The details of the complaints received during the year and status of the same is given below:

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FLIPKART INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

a)
Number of complaints of sexual
3
harassment received during the year

b) Number of complaints Investigated during

3
the year

c)
Number of complaints disposed- off during
2
the year

d) Total no. of cases pending for more than

0
90 days

e) No. of workshops or awareness

Monthly mailers, Awareness session and poster display
programmes carried out

f)
Nature of action taken by the employer or In all the cases the investigation was duly conducted and the matter was
district officer settled appropriately, by issuing Warning letter

30. Acknowledgements

Your Directors thank the Company’s customers, vendors, dealers, agents, consultants and the sponsors for their continued support during the
year.

Your Directors look forward to continued support from all its partners, customers, vendors, consultants and partners in the years to come.

Your Directors also wish to place on record their deep appreciation to employees at all levels for their hard work, solidarity, cooperation and
support, as they are instrumental in your Company scaling new heights, year after year.

For and on behalf of the Board of Directors of

Flipkart India Private Limited

Prabhu Bala Srinivasan

Neeraj Jain
Director
Director

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FLIPKART INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

DIN: 01861694 DIN: 07850158

Address: Flat No V 402, Jasmin Block, Tower 5, Adarsh Address: #H-103, Brigade Metropolis Apartment, Near
Palm Retreat, Devara Beesabanahalli Bengaluru 560103 Phonenix Mall, Garudacharpalya, Mahadevapura Bengaluru
560048

Date: 20th September 2018

Place: Bengaluru

Annexure - A

CORPORATE SOCIAL RESPONSIBILITY POLICY

I. OBJECTIVES

The objectives that we have set out in the corporate social responsibility policy are to support the company's strategic objectives, in
particular, the impact on society and minimize the negative influence on the environment.

In this regard, the Company has made this policy which encompasses the Company’s philosophy for delineating its responsibility as a
Corporate Citizen and lays down the guidelines and mechanism for undertaking socially useful programmes for welfare and sustainable
development of the community at large and titles as the “Corporate Social Responsibility (CSR) Policy” which is based as per the Companies
Act, 2013 and the rules made thereunder.

The Board of Directors of the Company in its meeting held on September 25, 2014 has constituted the Corporate Social Responsibility
(‘CSR’) Committee. The CSR policy has been formulated and recommended by the CSR Committee and adopted by the Board. The Board
may, upon recommendation of the CSR Committee, amend or modify this CSR Policy as and when necessary.

II. DEFINITIONS

• Act means Companies Act, 2013, as amended and modified from time to time.

• Areas of Interest means the areas of interest as identified by the Company for implementing CSR goals and shall include the areas as
specified in this CSR Policy and shall include all CSR Activities as defined under the Act and CSR Rules from time to time.

• Board means Board of Directors of the Company.

• Company means Flipkart India Private Limited.

• Corporate Social Responsibility (CSR) means and includes but is not limited to:

1. Projects or programs relating to activities specified in Schedule VII to the Companies Act, 2013; or

2. Projects or programs relating to activities undertaken by the Board of Directors of the Company in pursuance of the
recommendation of the CSR Committee and approved by the Board as per this policy.

• CSR Committee means Corporate Social Responsibility Committee constituted by the Board pursuant to section 135 of the Companies Act,
2013.

• CSR Activities shall mean the specific activities listed in the Annexure that various Organizations shall engage in, which shall be funded by
the Company in accordance with the Act and CSR Rules.

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FLIPKART INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

• CSR Commitment shall mean at least 2% of the average net profits of the Company made during the three immediately preceding financial
years for conducting its CSR activities in accordance with the Act and CSR Rules.

• CSR Policy means CSR Policy of the Company Flipkart India Private Limited.

• CSR Proposals shall have the meaning as prescribed to the terms of this CSR Policy which shall be in accordance with the Act and CSR
Rules.

• CSR Rules means the Companies (Corporate Social Responsibility Policy) Rules, 2014, as amended and modified from time to time.

• Employees mean employees of the Company.

• Funding shall mean the disbursements that are to be made to an organization pursuant to this CSR Policy, with the prior approval of the
CSR Committee and the Board in accordance with the Act and Rules.

• Organizations mean such organizations including NGOs as are permitted to receive funding in accordance with the Act and CSR Rules.

Words and expressions used in this policy and not defined herein but defined under the Companies Act, 2013 shall have the same meanings
respectively assigned to them.

III. PURPOSE

This CSR Policy establishes the scope, CSR goals of the Company and funding approval process. This CSR Policy shall operate as the
corporate responsibility policy of the Company for the purposes of Section 135 of the Act and CSR Rules.

IV. CONSTITUTION, COMPOSITION AND SCOPE OF CORPORATE SOCIALRESPONSIBILITY COMMITTEE (CSR COMMITTEE)

(a) Constitution and composition of the CSR Committee:

The CSR initiatives/activities of the Company will be identified and initiated by the CSR Committee comprising 2 (two) Members of the
Board. Subject to the requirements of the Act, the Board may increase or decrease the size of the CSR Committee by passing a resolution.

The members of the CSR Committee shall elect one of them as the Chairman of the Committee. The CSR Committee shall recommend to the
Board the amount of expenditure to be incurred by the Company on CSR activities and the Board will ensure that the activities as are
included in the CSR Policy are undertaken by the Company subject to and in accordance with the provisions of section 135 of the Companies
Act, 2013.

(b) Invitees to the CSR Committee:

The CSR Committee may, at its discretion, invite employees of the Company from time to time to participate in the meetings of the CSR
Committee and assist the CSR Committee in the implementation of the CSR Policy. Invitees to the CSR Committee meetings shall be
entitled to participate in the deliberations of the CSR Committee but will not be entitled to vote at the meetings of the CSR Committee.

(c) Scope of the CSR Committee:

The CSR Committee has been set up to:-

• Formulate and recommend to the Board CSR Policy which shall indicate the activities to be undertaken by the Company as detailed in the
Schedule VII to the Act.

• Recommend the amount of expenditure to be incurred on the activities referred to in the CSR Policy.

• Monitor the CSR Policy from time to time.

(d) Modalities of execution of the CSR Projects:

17
FLIPKART INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

The modalities of the execution of the CSR projects or programs and their implementation along with the monitoring process of such projects
or programs as decided by the CSR Committee.

(e) Decisions by the CSR Committee:

• The CSR Committee shall at all times act in a manner that is consistent with the provisions contained in this CSR Policy, the Act and CSR
Rules.

• The CSR Committee shall endeavor to arrive at all decisions by a consensus of all Members. However, in the event the CSR Committee is
unable to arrive at such consensus, the Chairman of the Committee may make the final decision.

• All decisions of the Committee shall be ratified by the Board.

(f) Meeting of the CSR Committees

• The CSR Committee shall meet as frequently as it determines necessary.

• The CSR Committee shall maintain minutes of each of its meetings.

• The CSR Committee shall review proposed projects and make recommendations to the Board for approval of such projects and allocation
of Funding in accordance with the CSR Committee charter.

• The final decision with regards to the acceptance or rejection of a CSR Proposal shall be with the Board.

V. CORPORATE SOCIAL RESPONSIBILITY ACTIVITIES (Areas of interest)

The Company shall upon the recommendation of its CSR Committee and with necessary approval of the Board, can undertake any of the
following activities, as part of its corporate social responsibility initiatives, which are defined in Schedule VII of the Companies Act 2013;

(a) Areas of Interest:

1. Eradicating hunger, poverty and malnutrition, promoting health care including preventive health care and sanitation and making
available safe drinking water;

2. Promoting education, including special education and employment enhancing vocation skills especially among children, women,
elderly, and the differently abled and livelihood enhancement projects;

3. Promoting gender equality, empowering women, setting up homes and hostels for women and orphans; setting up old age homes,
day care centers and such other facilities for senior citizens and measures for reducing inequalities faced by socially and economically
backward groups;

4. Ensuring environmental sustainability, ecological balance, protection of flora and fauna, animal welfare, agro forestry, conservation
of natural resources and

maintaining quality of soil, air and water;

5. Protection of national heritage, art and culture including restoration of buildings and sites of historical importance and works of art;
setting up public libraries;

6. promotion and development of traditional arts and handicrafts;

18
FLIPKART INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

7. Measures for the benefit of armed forces veterans, war widows and their dependents;

8. Training to promote rural sports, nationally recognized sports, Paralympic sports and Olympic sports;

9. Contribution to the Prime Minister's National Relief Fund or any other fund set up by the Central Government for socio-economic
development and relief and welfare of the Scheduled Castes, the Scheduled Tribes, other backward classes, minorities and women;

10. contributions or funds provided to technology incubators located within academic institutions which are approved by the Central
Government;

11. rural development projects

Provided that, the CSR projects and programs or activities that benefit only the employees of the Company and their relatives shall not be
considered as CSR activities.

Also, the CSR activities undertaken in India only will be taken into consideration, in order to satisfy the requirement of section 135 of the
Companies Act 2013.

(b) The Company may update the above list as per Section 135 and Schedule VII of the Act as amended from time to time.

(c) The Company focuses its philanthropy primarily in geographic regions of India where the Company has a business presence. However,
the Company may contribute to causes in other parts of India, if the CSR Committee is of the opinion that such contribution is appropriate.

(d) The Company will publish the list of specific projects / programs it plans to undertake for any financial year, and the modalities of
execution, including implementation plan will be published in the Board Report.

Identification of CSR Proposals:

The CSR Committee may identify and receive CSR project proposals from an Organization in line with areas of interest as set out therein
provided:

CSR proposals received from an organization shall include the following:

(i) information about the Organization and projects that they have undertaken in the past three years;

(ii) Proven track record of the organization for the past 3 (three) years in the area of project activity that it has been nominated for.

(iii) Information of the project and the activities that the Organization proposes to undertake in relation to which Funding is sought from the
Company;

(iv) contain detailed budget indicating various heads under which expenditure is proposed to be made and the quantum of such expenditure;

(v) The impact of the activities that are proposed to be conducted;

(vi) Any other information that may be material for the Company to make an informed decision on supporting the project. Such information
may include but is not limited to relationships that the Organization (directors, employees, etc.) may have with any Employee of The
Company;

(vii) A completed Funding Request Form of the Company.

• Upon receipt of Proposals, the CSR Committee shall conduct appropriate due diligence of the CSR Proposal and the Organization directly
or through external organizations and/ or entities to ensure alignment with this CSR Policy and to ascertain the following:

(i) Relevance of the CSR Proposal to the Areas of Interest.

19
FLIPKART INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

(ii) Appropriateness of project financials, the budget and timelines.

(iii) Impact on targeted beneficiaries.

(iv) CSR activity permitted under the Act and Rules.

(g) Assessing the CSR Policy:

The Committee shall assess the following criteria before recommending the Project or Program for approval of the Board;

• Has no direct or indirect benefit to the Company or its employees;

• Has no conflicts of interest or self-dealing exist;

• Has no political or religious affiliation;

• Has no activity that is inconsistent with the Company’s non-discrimination policies.

Approval Process:

A. Upon receipt of the CSR proposal, the CSR Committee shall evaluate the same in accordance with this policy.

B. The CSR Committee may take such time as it deems necessary to deliberate and come to a conclusion regarding a CSR Proposal.
The CSR Committee may, approve or decline a CSR Proposal.

C. All Funding to Organizations must be approved in advance by the CSR Committee and the Board and such approval shall be
obtained prior to making any commitment to the Organization in this regard.

D. Subsequent to the approval of the CSR Proposal by the CSR Committee, the CSR Proposal shall be placed before the Board
together with the recommendations of the CSR Committee for its consideration and approval.

The Company will provide Funding only to such projects as may be approved by the Board.

Post Approval Process

Subsequent to the approval of the CSR Proposal by the Board, the Company and the organization shall enter into appropriate documentation
regarding the terms of the funding and the manner in which such funding shall be disbursed by the Company. Such documentation shall be in
a form and substance that is acceptable to the CSR Committee and the Board.

VI. OUR APPROACH TO IMPLEMENTATION

We will strive to implement the aforesaid CSR activities on our own to the extent possible. However, the principle implementer of our CSR
activities would include:

- Contribution to various funds which are aligned with our Vision and Mission e.g. Prime Minister's National Relief Fund

- Any other fund set up by the Central Government for socio-economic development and relief for the welfare of Scheduled Castes,
the Scheduled Tribes, other backward classes, minorities and women.

VII. MONITORING MECHANISM

1. Organizations receiving Funding will be required to provide evaluation information on a periodic basis with details on the status of
the CSR Activities, including details concerning the project deliveries, costs incurred, and in a manner prescribed by The Company.

20
FLIPKART INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

2. A summary of these reports shall be tabled before the meetings of the CSR Committee.

3. Detailed reports will be available for further perusal of the members of the CSR Committee as required.

4. The Company reserves the right to suspend payments to an organization that delays and or fails to provide, to the Company’s
satisfaction, details concerning the use of the funding.

5. Furthermore, surplus arising out of CSR projects or programs or activities shall not form part of the business profit of the Company.

VIII. REPORTING MECHANISM

The Company shall publish its annual report on CSR Activities in its Directors Report in the manner prescribed under the Companies Act
2013 and the CSR Rules.

Annexure B

Annual Report on Corporate Social Responsibility (CSR) Activities (forming part of the Board’s Report)

Brief outline of the Company’s CSR policy, including overview of projects or

programs proposed to be undertaken and a reference to the web-link to the CSR
As detailed in the CSR Policy
1 policy and projects or programs
annexed to the Board Report.

Following are the members of the

CSR Committee as on March 31,
Composition of the CSR Committee 2018:
2
i) Mr. Neeraj Jain

ii) Mr. Sankalp Gupta

Not applicable as the Company

3 Average Net Profit of the Company for the last three financial years incurred losses during the last
three financial years

Not applicable as the Company

4 Prescribed CSR Expenditure (two per cent of the amount as in item 3 above) incurred losses during the last
three financial years

Details of CSR spent during the financial year:

5 (a) Total amount to be spent for the financial year; Not Applicable

(b) Amount unspent, if any;

(c) Manner in which the amount spent during the financial year is detailed below

21
FLIPKART INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

(1) (2) (3) (4) (5) (6) (7) (8)

Amount spent
on the
projects or
Projects of programs
programs
Amount Amount
outlay Cumulative spent:
CSR Sector in
(1) Local area or (budget) expenditure
Project or which the Sub-heads:
S.No. other project or upto the Direct or
activity project is
program wise reporting through
identified covered (1) Direct
(2) Specify the State period implementing
expenditure
and district where agency
on projects or
projects or programs
programs.
was undertaken
(2)
Overheads

Not Not Not Not Not

1 Not Applicable Not Applicable
Applicable Applicable Applicable Applicable Applicable

For and on behalf of the Board of Directors of

Flipkart India Private Limited

Prabhu Bala Srinivasan

Neeraj Jain
Director
Director
DIN: 07850158
DIN: 01861694
Address: #H-103, Brigade Metropolis Apartment, Near
Address: Flat No V 402, Jasmin Block, Tower 5, Adarsh
Phonenix Mall, Garudacharpalya, Mahadevapura Bengaluru
Palm Retreat, Devara Beesabanahalli Bengaluru 560103
560048

Date: 20th September 2018

Place: Bengaluru

Annexure C

FORM NO. MGT 9

EXTRACT OF ANNUAL RETURN

22
FLIPKART INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

As on financial year ended on 31.03.2018

Pursuant to Section 92 (3) of the Companies Act, 2013 and rule 12(1) of the Company (Management & Administration) Rules, 2014

I. REGISTRATION & OTHER DETAILS:

1.
CIN U51909KA2011PTC060489

2.
Registration Date 19th September 2011

3.
Name of the Company Flipkart India Private Limited

4. Private Company Limited by Shares /

Category/Sub-category of the Company
Indian Non-Government Company

Vaishnavi Summit, 7th Main, 80 Feet Road, 3rd Block, Koramangala

Industrial Layout, Bengaluru 560034, Karnataka
5.
Address of the Registered office & contact
details Tel No.:+91 80-67989550;

e-mail: neeraj.jain@flipkart.com

6.
Whether listed company No

Karvy ComputerShare Private Limited

Name, Address & contact details of the
7. 46 Avenue 4 street No.1 Banjaara Hill Hyderabad -500034
Registrar & Transfer Agent, if any.
Email id: kulashekara.sharma@karvy.com
(only for electronic connectivity)
Contact no: +91 9901994714

II. PRINCIPAL BUSINESS ACTIVITIES OF THE COMPANY (All the business activities contributing 10% or more of the total
turnover of the company shall be stated)

S. Name and Description of % to total turnover

NIC Code of the Product/service
No. main products / services of the company

23
FLIPKART INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

46411, 46413, 46419, 46491, 46494, 46498, 46499, 46529,

1 Sale of traded goods 100%
6201, 6202, 6311, 63999, 14109, 143, 152, 329

III. PARTICULARS OF HOLDING / SUBSIDIARY AND ASSOCIATE COMPANIES

Holding / % of
S.
Name and Address of the Company CIN / GLN Subsidiary / shares Applicable Section
No.
Associate held

Flipkart Private Limited, Singapore

(formerly Flipkart Limited) Section 2(46) of the

1 201129903N* Holding Company 99.99
Companies Act, 2013
Address: 80, Raffles Place # 32-01, UOB
Plaza, Singapore 048624

* - Singapore registration number

IV. SHARE HOLDING PATTERN (Equity Share Capital Breakup as percentage of Total Equity)

(i) Category-wise Share Holding

No. of
Shares
held at No. of
%
the Shares [As on
Change
Category of beginning held at 31st
during
Shareholders of the the end March
the
year [As of the 2018]
year
on 1st year
April
2017]

% of % of
Demat Physical Total Total Demat Physical Total Total
Shares Shares

A. Promoters

(1) Indian

24
FLIPKART INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

a) Individual/
- - - - - - - - -
HUF

b) Central Govt - - - - - - - - -

c) State Govt(s) - - - - - - - - -

d) Bodies Corp. - - - - - - - - -

e) Banks / FI - - - - - - - - -

f) Any other - - - - - - - - -

Sub-total (A)(1) NIL NIL NIL NIL NIL NIL NIL NIL NIL

(2) Foreign

a) NRIs -
- - - - - - - - -
Individuals

b) Other –
- - - - - - - - -
Individuals

c) Bodies Corp 5,405,639 NIL 5,405,639 100 5,405,639 1,871,329 7,276,968 100 34.62

d) Banks / FI - - - - - - - - -

e) Any other - - - - - - - - -

Sub total (A)(2) 5,405,639 NIL 5,405,639 100 5,405,639 1,871,329 7,276,968 100 34.62

Total
shareholding
5,405,639 NIL 5,405,639 100 5,405,639 1,871,329 7,276,968 100 34.62
of Promoter (A) =
(A)(1)+(A)(2)

B. Public
Shareholding

1. Institutions

25
FLIPKART INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

a) Mutual Funds - - - - - - - - -

b) Banks / FI - - - - - - - - -

c) Central Govt - - - - - - - - -

d) State Govt(s) - - - - - - - - -

e) Venture
- - - - - - - - -
Capital Funds

f) Insurance
- - - - - - - - -
Companies

g) FIIs - - - - - - - - -

h) Foreign
Venture Capital - - - - - - - - -
Funds

i) Others
- - - - - - - - -
(specify)

Sub-total (B)(1):- NIL NIL NIL NIL NIL NIL NIL NIL NIL

2.
Non-Institutions

a) Bodies Corp. - - - - - - - - -

i) Indian - - - - - - - - -

ii) Overseas - - - - - - - - -

b) Individuals - - - - - - - - -

i) Individual
shareholders
holding nominal - - - - - - - - -
share capital
upto Rs. 1 lakh

26
FLIPKART INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

ii) Individual
shareholders
holding nominal
- - - - - - - - -
share capital in
excess of Rs 1
lakh

c) Others
- - - - - - - - -
(specify)

Sub-total (B)(2):- - - - - - - - - -

Total Public
Shareholding - - - - - - - - -
(B)=(B)(1)+(B)(2)

C. Shares held
- - - - - - - - -
by Custodian for
GDRs & ADRs

Grand Total
5,405,639 NIL 5,405,639 100 5,405,639 1,871,329 7,276,968 100 34.62
(A+B+C)

(ii) Shareholding of Promoter:

Shareholding % change in
Shareholding
Shareholder’s at the shareholding
S.No. at the end of
Name beginning of during the
the year
the year year

% of %of Shares % of %of Shares

total Pledged / total Pledged /
No. of No. of
Shares encumbered Shares encumbered
Shares Shares
of the to total of the to total
company shares company shares

Flipkart
Private
Limited,
5,405,638 7,276,967
Singapore
1 99.99999 NIL 99.99999 NIL 34.62
(formerly
Flipkart
limited)

Flipkart
Marketplace

27
FLIPKART INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

2 Private 1 0.00001 NIL 1 0.00001 NIL NIL

Limited,
Singapore

(iii) Change in Promoters’ Shareholding (please specify, if there is no change):

Shareholding Cumulative
at the Shareholding
Sr. No. Particulars
beginning of during the
the year year

% of % of
total total
No. of No. of
Shares Shares
- -
Shares Shares
of the of the

company company

Flipkart Private
Limited,
Singapore
(Formerly Flipkart
limited)

5,405,638 5,405,638
1 At the beginning of the year 99.99999 99.99999

7,276,967
Allotment of equity shares on rights basis on 5th
1,871,329 ---- 99.99999
February 2018

7,276,967 7,276,967
At the End of the year 99.99999 99.99999

Flipkart
Marketplace
Private Limited,
Singapore

2 At the beginning of the year 1 0.00001 1 0.00001

Date wise Increase / Decrease in Promoters

28
FLIPKART INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

Shareholding during the year specifying the ---- ---- ---- ----
reasons for increase / decrease (e.g. allotment /
transfer / bonus/ sweat equity, etc.):

At the End of the year 1 0.00001 1 0.00001

(iv) Shareholding Pattern of top ten Shareholders: (Other than Directors, Promoters and Holders of GDRs and ADRs):

Shareholding Cumulative
of the
S.No. For Each of the Top 10 Shareholders at the Shareholding Year
year
beginning during the

% of % of
total total
No. of No. of
- - shares shares
shares shares
of the of the

company company

1 At the beginning of the year - - - -

Date wise Increase / Decrease in Promoters Shareholding

2 during the year specifying the reasons for increase / - - - -
decrease (e.g. allotment / transfer / bonus / sweat equity etc):

At the end of the year - - - -

3

(v) Shareholding of Directors and Key Managerial Personnel:

Shareholding Cumulative
Shareholding of each Directors and each Key Managerial of the
S.No. at the Shareholding Year
Personnel year
beginning during the

% of % of
total total
No. of No. of
- - shares shares
shares shares
of the of the

company company

29
FLIPKART INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

1 At the beginning of the year - - - -

Date wise Increase / Decrease in Promoters Shareholding

2 during the year specifying the reasons for increase /decrease - - - -
(e.g. allotment / transfer / bonus/ sweat equity etc.):

3 At the end of the year - - - -

V. INDEBTEDNESS –

Indebtedness of the Company including interest outstanding/accrued but not due for payment.

Amount in Rupees

Secured Loans excluding Unsecured Total

Deposits
deposits Loans Indebtedness

Indebtedness at the beginning of the

financial year

i) Principal Amount - - - -

ii) Interest due but not paid - - - -

iii) Interest accrued but not due - - - -

Total (i+ii+iii) - - - -

Change in Indebtedness during the

financial year

Addition - -
19,780,829,902 19,780,829,902

Reduction - -
(17,488,550,611) (17,488,550,611)

Net Change - -
2,292,279,291 2,292,279,291

30
FLIPKART INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

Indebtedness at the end of the financial

year

i) Principal Amount - 2,285,100,000 - 2,285,100,000

ii) Interest due but not paid - - - -

iii) Interest accrued but not due - 7,179,291 - 7,179,291

2,292,279,291 2,292,279,291
Total (i+ii+iii) - -

VI. REMUNERATION OF DIRECTORS AND KEY MANAGERIAL PERSONNEL

A. Remuneration to Managing Director, Whole-time Directors and/or Manager:

Total
S.No. Particulars of Remuneration Executive Director
(Rupees in
Million)

Rajiv Sawhney (from April 2017 till 3rd

November 2017)
Name of Directors -
(Rupees in Million)

1 Gross Salary

(a)Salary as per provisions contained in section 17(1) of

the Income-tax Act,1961

(b)Value of perquisites u/s 17(2) of the Income-tax

7.54 7.54
Act,1961

(c)Profits in lieu of salary under section 17(3) of the

Income- tax Act,1961

31
FLIPKART INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

2 Stock Option - -

3 Sweat Equity - -

Commission

4 - as % of profit - -

- others, specify

5 Others, please specify -

Total (A) 7.54 7.54

B. Remuneration to other directors

S.No. Particulars of Remuneration Name of Directors Total Amount

1 Independent Directors - -

Fee for attending board committee meetings - -

Commission - -

Others, please specify - -

Total (1) - -

Particulars of Remuneration Name of Directors Total Amount

S.No.

2 Other Non-Executive Directors

32
FLIPKART INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

Fee for attending Board / Committee meetings - - - - -

Commission - - - - -

Others, please specify - - - - -

Total (2) - - - - -

Total (B)=(1+2) - - - - -

Total Managerial Remuneration - - - -

Overall Ceiling as per the Act - - - -

C. REMUNERATION TO KEY MANAGERIAL PERSONNEL OTHER THAN MD / MANAGER / WTD

Key Managerial
S.No. Particulars of Remuneration
Personnel

CEO CS CFO Total

1 Gross salary

(a) Salary as per provisions contained in section 17(1) of the

- - - -
Income-tax Act, 1961

(b) Value of perquisites u/s 17(2) Income-tax Act, 1961 - - - -

(c) Profits in lieu of salary under section 17(3) Income-tax Act, 1961 - - - -

2 Stock Option - - - -

3 Sweat Equity - - - -

4 Commission - - - -

33
FLIPKART INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

- as % of profit - - - -

others, specify… - - - -

5 Others, please specify - - - -

Total - - - -

VII. PENALTIES / PUNISHMENT / COMPOUNDING OF OFFENCES:

There were no penalties or punishment or compounding of offences during the year.

For and on behalf of the Board of Directors of

Flipkart India Private Limited

Prabhu Bala Srinivasan

Neeraj Jain
Director
Director
DIN: 07850158
DIN: 01861694
Address: #H-103, Brigade Metropolis Apartment, Near
Address: Flat No V 402, Jasmin Block, Tower 5, Adarsh
Phonenix Mall, Garudacharpalya, Mahadevapura Bengaluru
Palm Retreat, Devara Beesabanahalli Bengaluru 560103
560048

Date: 20th September 2018

Place: Bengaluru

Annexure D

Annexure to the Board’s Report

Conservation of energy, technology absorption, foreign exchange earnings and outgo [Particulars pursuant to Rule 8(3) of Companies
(Accounts) Rules, 2014)

(A) Conservation of Energy

The Company’s operations involve low energy consumption since the Company is not engaged in

34
FLIPKART INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

manufacturing activities. The operations of your Company are not energy-intensive. However, significant
measures are taken to reduce energy consumption by using energy-efficient computers and by the
purchase of energy efficient equipment. Your Company constantly evaluates new technologies and invests
the steps taken to make its infrastructure more energy efficient.
or impact on
conservation of
energy:
Currently your Company uses CFL fittings and electronic ballasts to reduce the power consumption of
fluorescent tubes. Air conditioners with energy efficient screw compressors for central air conditioning and
air conditioners with split air conditioning for localized areas are used.

the steps taken

by the
company for
The Company is making efforts to install solar panels and use it as alternate source of lighting and
utilising
electricity.
alternate
sources of
energy:

the capital
The Company has not made any significant investment in Capital investment on energy conservation
investment on
equipment.
energy
conservation
equipments:

(B) Technology absorption

As technologies change rapidly, your Company recognizes the need to invest in new
emerging technologies to leverage them for improving productivity, quality and reach to new
(i) the efforts made customers. It is essential to have a technology infrastructure that is at par with the best in
towards technology the world. Your Company thus follows a practice of upgrading computing equipment on an
absorption ongoing basis.

(ii) the benefits derived

like product improvement,
cost reduction, product Not Applicable
development or import
substitution:

(iii) in case of imported

technology (imported during
the last three years reckoned
from the beginning of the
financial year):

(a) the details of technology

imported:
Not Applicable
(b) the year of import:

(c) whether the technology

35
FLIPKART INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

been fully absorbed:

(d) if not fully absorbed,

areas where absorption has
not taken place, and the
reasons thereof:

(iv) expenditure incurred

on Research and Not Applicable
Development.

(C) Foreign Exchange earned in terms of actual inflows during the year and the Foreign Exchange outgo during the year in terms of
actual outflows.

(Amount in Rs. Million)

Year ended Year ended

Particulars
31st March 2018 31st March 2017

Earnings - -

Expenditure 8,949.28 8,995.41

For and on behalf of the Board of Directors of

Flipkart India Private Limited

Prabhu Bala Srinivasan

Neeraj Jain
Director
Director
DIN: 07850158
DIN: 01861694
Address: #H-103, Brigade Metropolis Apartment, Near
Address: Flat No V 402, Jasmin Block, Tower 5, Adarsh
Phonenix Mall, Garudacharpalya, Mahadevapura Bengaluru
Palm Retreat, Devara Beesabanahalli Bengaluru 560103
560048

Date: 20th September 2018

Place: Bengaluru

36
FLIPKART INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

[700500] Disclosures - Signatories of financial statements

Details of directors signing financial statements [Table] ..(1)

Unless otherwise specified, all monetary values are in Millions of INR
Directors signing financial statements [Axis] Column 1 Column 2
01/04/2017 01/04/2017
to to
31/03/2018 31/03/2018
Details of signatories of financial statements [Abstract]
Details of directors signing financial statements [Abstract]
Details of directors signing financial statements [LineItems]
Name of director signing financial statements [Abstract]
First name of director NEERAJ SAKAIT
Last name of director JAIN CHAUDHARY
Designation of director Director Director
Director identification number of director 01861694 07472033
Date of signing of financial statements by director 03/05/2018 03/05/2018

37
FLIPKART INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

[700400] Disclosures - Auditors report

Disclosure of auditor's qualification(s), reservation(s) or adverse remark(s) in auditors' report [Table] ..(1)
Unless otherwise specified, all monetary values are in Millions of INR
Auditor's Clause not
Auditor's qualification(s), reservation(s) or adverse remark(s) in auditors' report [Axis] favourable remark applicable
[Member] [Member]
01/04/2017 01/04/2017
to to
31/03/2018 31/03/2018
Disclosure of auditor's qualification(s), reservation(s) or adverse remark(s) in
auditors' report [Abstract]
Disclosure of auditor's qualification(s), reservation(s) or adverse remark(s) in
auditors' report [LineItems]
As mentioned in
point no (i) of
Disclosure in auditors report relating to fixed assets Annexure 1 to
Audit Report
As mentioned in
point no (i)(a) of
Disclosure relating to quantitative details of fixed assets Annexure 1 to
Audit Report
As mentioned in
Disclosure relating to physical verification and material discrepancies of fixed point no (i)(b) of
assets Annexure 1 to
Audit Report
As mentioned in
point no (i)(c) of
Disclosure relating to title deeds of immovable properties Annexure 1 to Audit
Report
As mentioned in
point no (ii) of
Disclosure in auditors report relating to inventories Annexure 1 to
Audit Report
As mentioned in
point no (iii) of
Disclosure in auditors report relating to loans Annexure 1 to
Audit Report
As mentioned in
Disclosure about loans granted to parties covered under section 189 of companies point no (iii)(a) of
act Annexure 1 to
Audit Report
As mentioned in
point no (iii)(a) of
Disclosure relating to terms and conditions of loans granted Annexure 1 to
Audit Report
As mentioned in
point no (iii)(b) of
Disclosure regarding receipt of loans granted Annexure 1 to
Audit Report
As mentioned in
point no (iii)(c) of
Disclosure regarding terms of recovery of loans granted Annexure 1 to
Audit Report
As mentioned in
Disclosure in auditors report relating to compliance with Section 185 and 186 of point no (iv) of
Companies Act, 2013 Annexure 1 to
Audit Report
As mentioned in
point no (v) of
Disclosure in auditors report relating to deposits accepted Annexure 1 to
Audit Report
As mentioned in
point no (vi) of
Disclosure in auditors report relating to maintenance of cost records Annexure 1 to
Audit Report
As mentioned in
point no (vii)(a) of
Disclosure in auditors report relating to statutory dues [TextBlock] Annexure 1 to
Audit Report
As mentioned in
Disclosure relating to regularity in payment of undisputed statutory dues point no (vii)(b) of
[TextBlock] Annexure 1 to
Audit Report
As mentioned in
point no (vii)(c) of
Disclosure relating to disputed statutory dues [TextBlock] Annexure 1 to
Audit Report

38
FLIPKART INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

As mentioned in
point no (viii) of
Disclosure in auditors report relating to default in repayment of financial dues Annexure 1 to Audit
Report
As mentioned in
Disclosure in auditors report relating to public offer and term loans used for point no (ix) of
purpose for which those were raised Annexure 1 to Audit
Report
As mentioned in
Disclosure in auditors report relating to fraud by the company or on the point no (x) of
company by its officers or its employees reported during period Annexure 1 to
Audit Report
As mentioned in
point no (xi) of
Disclosure in auditors report relating to managerial remuneration Annexure 1 to Audit
Report
As mentioned in
point no (xii) of
Disclosure in auditors report relating to Nidhi Company Annexure 1 to Audit
Report
As mentioned in
point no (xiii) of
Disclosure in auditors report relating to transactions with related parties Annexure 1 to Audit
Report
As mentioned in
Disclosure in auditors report relating to preferential allotment or private point no (xiv) of
placement of shares or convertible debentures Annexure 1 to Audit
Report
As mentioned in
Disclosure in auditors report relating to non-cash transactions with directors point no (xv) of
or persons connected with him Annexure 1 to
Audit Report
As mentioned in
Disclosure in auditors report relating to registration under section 45-IA of point no (xvi) of
Reserve Bank of India Act, 1934 Annexure 1 to Audit
Report

Details regarding auditors [Table] ..(1)

Unless otherwise specified, all monetary values are in Millions of INR
Auditors [Axis] Column 1
01/04/2017
to
31/03/2018
Details regarding auditors [Abstract]
Details regarding auditors [LineItems]
Category of auditor Auditors firm
S.R. BATLIBOI &
Name of audit firm ASSOCIATES LLP
Name of auditor signing report MEHRA SUMIT
Firms registration number of audit firm 101049W/E30004
Membership number of auditor 096547
GOLF VIEW,
CORPORATE
TOWER B,
Address of auditors SECTOR-42
SECTOR ROAD,
GURGAON
122002, INDIA
Permanent account number of auditor or auditor's firm ACHFS9118A
SRN of form ADT-1 S32281297
Date of signing audit report by auditors 03/05/2018
Date of signing of balance sheet by auditors 03/05/2018

Unless otherwise specified, all monetary values are in Millions of INR

01/04/2017
to
31/03/2018
Textual information (2)
Disclosure in auditor’s report explanatory [TextBlock] [See below]
Whether companies auditors report order is applicable on company Yes
Whether auditors' report has been qualified or has any reservations or
No
contains adverse remarks

39
FLIPKART INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

Textual information (2)

Disclosure in auditor’s report explanatory [Text Block]

INDEPENDENT AUDITOR’S REPORT

To the Members of Flipkart India Private Limited

Report on the Ind AS Financial Statements

We have audited the accompanying Ind AS financial statements of Flipkart India Private Limited (“the Company”), which comprise the
Balance Sheet as at March 31, 2018, the Statement of Profit and Loss, including the Statement of Other Comprehensive Income, the Cash
Flow Statement and the Statement of Changes in Equity for the year then ended, and a summary of significant accounting policies and other
explanatory information.

Management’s Responsibility for the Ind AS Financial Statements

The Company’s Board of Directors is responsible for the matters stated in Section 134(5) of the Companies Act, 2013 (“the Act”) with
respect to the preparation of these Ind AS financial statements that give a true and fair view of the financial position, financial performance
including other comprehensive income, cash flows and changes in equity of the Company in accordance with accounting principles generally
accepted in India, including the Indian Accounting Standards (Ind AS) specified under Section 133 of the Act, read with the Companies
(Indian Accounting Standards) Rules, 2015, as amended by the Companies (Indian Accounting Standards) (Amendment) Rules, 2016 and
Companies (Indian Accounting Standards) (Amendment) Rules, 2017. This responsibility also includes maintenance of adequate accounting
records in accordance with the provisions of the Act for safeguarding of the assets of the Company and for preventing and detecting frauds
and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and
prudent; and the design, implementation and maintenance of adequate internal financial control that were operating effectively for ensuring
the accuracy and completeness of the accounting records, relevant to the preparation and presentation of the Ind AS financial statements that
give a true and fair view and are free from material misstatement, whether due to fraud or error.

Auditor’s Responsibility

Our responsibility is to express an opinion on these Ind AS financial statements based on our audit. We have taken into account the
provisions of the Act, the accounting and auditing standards and matters which are required to be included in the audit report under the
provisions of the Act and the Rules made thereunder. We conducted our audit of the Ind AS financial statements in accordance with the
Standards on Auditing, issued by the Institute of Chartered Accountants of India, as specified under Section 143(10) of the Act. Those
Standards require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether the
Ind AS financial statements are free from material misstatement.

An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the Ind AS financial statements. The
procedures selected depend on the auditor’s judgment, including the assessment of the risks of material misstatement of the Ind AS financial
statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal financial control relevant to the
Company’s preparation of the Ind AS financial statements that give a true and fair view in order to design audit procedures that are
appropriate in the circumstances. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of
the accounting estimates made by the Company’s Directors, as well as evaluating the overall presentation of the Ind AS financial statements.
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion on the Ind AS
financial statements.

Opinion

40
FLIPKART INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

In our opinion and to the best of our information and according to the explanations given to us, the Ind AS financial statements give the
information required by the Act in the manner so required and give a true and fair view in conformity with the accounting principles
generally accepted in India, of the state of affairs of the Company as at March 31, 2018, its loss including other comprehensive income, its
cash flows and the changes in equity for the year ended on that date.

Report on Other Legal and Regulatory Requirements

1. As required by the Companies (Auditor’s report) Order, 2016 (“the Order”) issued by the Central Government of India in terms of
sub-section (11) of Section 143 of the Act, we give in the Annexure 1 a statement on the matters specified in paragraphs 3 and 4 of the Order.

2. As required by Section 143 (3) of the Act, we report that:

(a) We have sought and obtained all the information and explanations which to the best of our knowledge and belief were necessary for
the purpose of our audit;

(b) In our opinion, proper books of account as required by law have been kept by the Company so far as it appears from our examination
of those books;

(c) The Balance Sheet, Statement of Profit and Loss including the Statement of Other Comprehensive Income, the Cash Flow Statement
and Statement of Changes in Equity dealt with by this Report are in agreement with the books of account;

(d) In our opinion, the aforesaid Ind AS financial statements comply with the Accounting Standards specified under Section 133 of the
Act, read with the Companies (Indian Accounting Standards) Rules, 2015, as amended by the Companies (Indian Accounting Standards)
(Amendment) Rules, 2016 and Companies (Indian Accounting Standards) (Amendment) Rules, 2017;

(e) On the basis of written representations received from the directors as on March 31, 2018, and taken on record by the Board of
Directors, none of the directors is disqualified as on March 31, 2018, from being appointed as a director in terms of Section 164 (2) of the
Act;

(f) With respect to the adequacy of the internal financial controls over financial reporting of the Company and the operating effectiveness
of such controls, refer to our separate Report in “Annexure 2” to this report;

(g) With respect to the other matters to be included in the Auditor’s Report in accordance with Rule 11 of the Companies (Audit and
Auditors) Rules, 2014, in our opinion and to the best of our information and according to the explanations given to us:

i. The Company does not have any pending litigations which would impact its financial position;

ii. The Company did not have any long-term contracts including derivative contracts for which there were any material foreseeable
losses; and

iii. There were no amounts which were required to be transferred to the Investor Education and Protection Fund by the Company.

For S.R. Batliboi & Associates LLP

Chartered Accountants

ICAI Firm Registration Number: 101049W/E300004

Sd/-

per Sumit Mehra

41
FLIPKART INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

Partner

Membership Number: 096547

Place of Signature: Bengaluru

Date: May 3, 2018

Annexure 1

Annexure 1 referred to in clause 1 of paragraph on the report on other legal and regulatory requirements of our report of even date

Statement on matters specified in paragraph 3 and 4 of the Companies (Auditor’s report) Order, 2016 (“the Order”)

Re: Flipkart India Private Limited (“the Company”)

(i) (a) The Company has maintained proper records showing full particulars, including quantitative details and situation of
property, plant and equipment .

(b) All property, plant and equipment have not been physically verified by the management during the year but there is a regular programme
of verification which, in our opinion, is reasonable having regard to the size of the Company and the nature of its assets. No material
discrepancies were noticed on such verification.

(c) According to the information and explanations given by the management , there are no immovable properties, included in property, plant
and equipment of the Company and accordingly, the requirements under clause 3(i)(c) of the Order are not applicable to the Company.

(ii) The management has conducted physical verification of inventory at reasonable intervals during the year and no material
discrepancies were noticed on such physical verification .

(iii) (a) The Company has granted loans to parties covered in the register maintained under Section 189 of the Act. In our opinion and
according to the information and explanations given to us, the terms and conditions of the grant of such loans are not prejudicial to the
Company's interest.

(b) The Company has granted loans that are re-payable on demand, to parties covered in the register maintained under Section 189 of the Act.
We are informedthat the Company has not demanded repayment of any such loan during the year, and thus, there has been no default on the
part of the parties to whom the money has been lent. The payment of interest has been regular.

(c) There are no amounts of loans granted to companies, firms or other parties listed in the register maintained under Section 189 of the Act,
which are overdue for more than ninety days.

(iv) In our opinion and according to the information and explanations given to us, provisions of Section 186 of the Act, in respect of
loans and advances given, investments made, guarantees and securities given, as applicable, have been complied with by the Company. There
are no loans and advances given, investments made, guarantees and securities given to which the provisions of Section 185 apply and,
accordingly, reporting under clause 3(iv) of the Order in so far as it relates to Section 185 of the Act is not applicable to the Company and
hence not commented upon.

(v) The Company has not accepted any deposits within the meaning of Sections 73 to 76 of the Act and the Companies (Acceptance of
Deposits) Rules, 2014 (as amended). Accordingly, the provisions of clause 3(v) of the Order are not applicable .

vi) To the best of our knowledge and as explained, the Central Government has not specified the maintenance of cost records under
Section 148(1) of the Act, for the products of the Company.

(vii) (a) The Company is regular in depositing with appropriate authorities undisputed statutory dues including provident fund,

42
FLIPKART INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

employees’ state insurance, income-tax, sales-tax, service tax, duty of custom, duty of excise, value added tax, goods and service tax, cess
and other statutory dues applicable to it.

(b) According to the information and explanations given to us, no undisputed amounts payable in respect of provident fund, employees’ state
insurance, income-tax, service tax, sales-tax, duty of custom, duty of excise, value added tax, goods and service tax, cess and other statutory
dues were outstanding, at the year end, for a period of more than six months from the date they became payable.

(c) According to the records of the Company, the dues of income-tax, sales-tax, service tax, duty of custom, duty of excise, value added tax,
goods and service tax and cess on account of any dispute, are as follows:

Amount Amount paid Period to which the

Nature of the Forum where the
Name of the statute ( Rs. under protest amount relates
dues dispute is pending
in Mn) ( Rs. in Mn) Financial Year

Value Added Special

The Delhi Value Added Tax
Tax and Central 96.26 10.00 2012-14 Commissioner of
Act, 2004
Sales Tax Appeal

Value Added Joint Commissioner

The Karnataka Value
Tax and Central 26.74 14.56 2011-14 of Commercial Taxes,
Added Tax Act, 2004
Sales Tax (Appeals)

Value Added
The Karnataka Value
Tax and Central 203.42 20.00 2014-15 High Court
Added Tax Act, 2004
Sales Tax

Value Added
The Maharashtra Value Joint Commissioner
Tax and Central 3.10 0.26 2012-13
Added Tax Act, 2002 of Commercial Taxes
Sales Tax

Value Added
Uttar Pradesh Value Added
Tax and Central 87.98 - 2012-14 High Court
Tax Act, 2008
Sales Tax

State Goods Additional

Uttar Pradesh Goods and
and Service 0.74 0.03 2017-18 Commissioner
Service Act, 2017
Tax (Appeals)

The West Bengal Tax on

Entry of Goods into Local Entry Tax 10.15 - 2014-15 Appellate Tribunal
Areas Act, 2012

Commissioner of
The Customs Act, 1962 Customs Duty 4.89 4.89 2014-15 Customs (Import),
Mumbai

Income Tax Act, 1956* Income Tax 1,248.03 252.80 2014-15 ITAT

Income Tax Act, 1956 Income Tax 224.74 112.47 2013-14 CIT(A)

43
FLIPKART INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

* ITAT has passed the order in favour of the Company Dated April 25, 2018. Once the Assessing officer passes order giving effect to the
ITAT order the demand will become Nil.

(viii) The Company did not have any outstanding loans or borrowing or dues from financial institution or bank or to government or dues to
debenture holders during the year.

(ix) According to the information and explanations given by the management, the Company has not raised any money way of initial public
offer / further public offer / debt instruments and term loans hence, reporting under clause (ix) is not applicable to the Company and hence
not commented upon.

(x) Based upon the audit procedures performed for the purpose of reporting the true and fair view of the financial statements and according to
the information and explanations given by the management, we report that no fraud by the Company or no fraud on the Company by the
officers and employees of the Company has been noticed or reported during the year .

(xi) According to the information and explanations given by the management, the provisions of Section 197 read with Schedule V of the Act
are not applicable to the Company and hence reporting under clause 3(xi) are not applicable and hence not commented upon.

(xii) In our opinion, the Company is not a Nidhi Company. Therefore, the provisions of clause 3(xii) of the Order are not applicable to the
Company and hence not commented upon .

(xiii) According to the information and explanations given by the management , transactions with the related parties are in compliance with
Section 188 of the Act, where applicable, and the details have been disclosed in the notes to the Ind AS financial statements, as required by
the applicable accounting standards. The provisions of Section 177 are not applicable to the Company and, accordingly, reporting under
clause 3(xiii) insofar as it relates to Section 177 of the Act is not applicable to the Company and hence not commented upon.

(xiv) According to the information and explanations given to us by the management of the Company and on an overall examination of
the Balance Sheet, the Company has not made any preferential allotment or private placement of shares or fully or partly convertible
debentures during the year under review and hence, reporting requirements under clause 3(xiv) are not applicable to the Company and hence
not commented upon.

(xv) According to the information and explanations given by the management, the Company has not entered into any non-cash
transactions with directors or persons connected with him as referred to in Section 192 of the Act.

(xvi) According to the information and explanations given to us, the provisions of Section 45-IA of the Reserve Bank of India Act, 1934 are
not applicable to the Company.

For S.R. Batliboi & Associates LLP

Chartered Accountants

ICAI firm registration number: 101049W/E300004

Sd/-

per Sumit Mehra

Partner

Membership Number: 096547

Place: Bengaluru

44
FLIPKART INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

Date: May 3, 2018

Annexure 2

To the Independent Auditor’s Report of Even Date on the Ind AS Financial Statements of Flipkart IndiaPrivate Limited

Report on the Internal Financial Controls under Clause (i) of Sub-section 3 of Section 143 of the Companies Act, 2013 (‘the Act’)

We have audited the internal financial controls over financial reporting of Flipkart India Private Limited (‘the Company’) as of
March 31, 2018 in conjunction with our audit of the Ind AS financial statements of the Company for the year ended on that date.

Management’s Responsibility for Internal Financial Controls

The Company’s management is responsible for establishing and maintaining internal financial controls based on the internal control over
financial reporting criteria established by the Company considering the essential components of internal control stated in the Guidance Note
on Audit of Internal Financial Controls Over Financial Reporting ( the ‘Guidance Note’) issued by the Institute of Chartered Accountants of
India. These responsibilities include the design, implementation and maintenance of adequate internal financial controls that were operating
effectively for ensuring the orderly and efficient conduct of its business, including adherence to the Company’s policies, the safeguarding of
its assets, the prevention and detection of frauds and errors, the accuracy and completeness of the accounting records, and the timely
preparation of reliable financial information, as required under the Act.

Auditor’s Responsibility

Our responsibility is to express an opinion on the Company's internal financial controls over financial reporting based on our audit. We
conducted our audit in accordance with the Guidance Note and the Standards on Auditing as specified under Section 143(10) of the Act, to
the extent applicable to an audit of internal financial controls and, both issued by the ICAI. Those Standards and the Guidance Note require
that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether adequate internal
financial controls over financial reporting was established and maintained and if such controls operated effectively in all material respects.

Our audit involves performing procedures to obtain audit evidence about the adequacy of the internal financial controls system over financial
reporting and their operating effectiveness. Our audit of internal financial controls over financial reporting included obtaining an
understanding of internal financial controls over financial reporting, assessing the risk that a material weakness exists, and testing and
evaluating the design and operating effectiveness of internal control based on the assessed risk. The procedures selected depend on the
auditor’s judgement, including the assessment of the risks of material misstatement of the Ind AS financial statements, whether due to fraud
or error.

We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion on the Company’s
internal financial controls system over financial reporting.

Meaning of Internal Financial Controls Over Financial Reporting

A Company's internal financial control over financial reporting is a process designed to provide reasonable assurance regarding the reliability
of financial reporting and the preparation of Ind AS financial statements for external purposes in accordance with generally accepted
accounting principles.

A Company's internal financial control over financial reporting includes those policies and procedures that:

45
FLIPKART INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

(1) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets
of the Company;

(2) provide reasonable assurance that transactions are recorded as necessary to permit preparation of Ind AS financial statements in
accordance with generally accepted accounting principles, and that receipts and expenditures of the Company are being made only in
accordance with authorisations of management and directors of the Company; and

(3) provide reasonable assurance regarding prevention or timely detection of unauthorised acquisition, use, or disposition of the Company's
assets that could have a material effect on the Ind AS financial statements.

Inherent Limitations of Internal Financial Controls Over Financial Reporting

Because of the inherent limitations of internal financial controls over financial reporting, including the possibility of collusion or improper
management override of controls, material misstatements due to error or fraud may occur and not be detected. Also, projections of any
evaluation of the internal financial controls over financial reporting to future periods are subject to the risk that the internal financial control
over financial reporting may become inadequate because of changes in conditions, or that the degree of compliance with the policies or
procedures may deteriorate.

Opinion

In our opinion, the Company has, in all material respects, an adequate internal financial controls system over financial reporting and such
internal financial controls over financial reporting were operating effectively as at March 31, 2018, based on the internal control over
financial reporting criteria established by the Company considering the essential components of internal control stated in the Guidance Note
on Audit of Internal Financial Controls Over Financial Reporting issued by the Institute of Chartered Accountants of India.

Explanatory paragraph

We also have audited, in accordance with the Standards on Auditing issued by the ICAI, as specified under Section 143(10) of the Act, the
Ind AS financial statements of Flipkart India Private Limited which comprise the Balance Sheet as at March 31, 2018 and the related
Statement of Profit and Loss including Statement of Other Comprehensive Income, Cash Flow Statement and Statement of Changes in
Equity for the year then ended, and a summary of significant accounting policies and other explanatory information, and our report dated
May 03, 2018 expressed an unqualified opinion thereon.

For S.R. Batliboi & Associates LLP

Chartered Accountants

ICAI firm registration number: 101049W/E300004

Sd/-

per Sumit Mehra

Partner

Membership Number: 096547

46
FLIPKART INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

Place: Bengaluru

Date: May 03, 2018

[700700] Disclosures - Secretarial audit report

Unless otherwise specified, all monetary values are in Millions of INR
01/04/2017
to
31/03/2018
Disclosure in secretarial audit report explanatory [TextBlock]
Whether secretarial audit report is applicable on company No

47
FLIPKART INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

[110000] Balance sheet

Unless otherwise specified, all monetary values are in Millions of INR
31/03/2018 31/03/2017 31/03/2016
Balance sheet [Abstract]
Assets [Abstract]
Non-current assets [Abstract]
Property, plant and equipment 1,133.93 1,410.15 1,830.77
Capital work-in-progress 137.39 103.57
Goodwill 18.23 18.23 18.23
Other intangible assets 0.38 1.29 3.13
Non-current financial assets [Abstract]
Non-current investments 5,709.58 0
Trade receivables, non-current 0 0
Loans, non-current 0 14.86
Other non-current financial assets 9,043.06 1,265.18
Total non-current financial assets 14,752.64 1,280.04
Other non-current assets 158.63 113.83
Total non-current assets 16,201.2 2,927.11
Current assets [Abstract]
Inventories 22,530.94 17,431.84
Current financial assets [Abstract]
Current investments 16,081.98 7,703.96
Trade receivables, current 12,355.88 8,928.12
Cash and cash equivalents 702.56 7,737.7
Loans, current 3,136.76 13,349.09
Other current financial assets 18,919.65 4,680.93
Total current financial assets 51,196.83 42,399.8
Other current assets 8,863.05 924.26
Total current assets 82,590.82 60,755.9
Total assets 98,792.02 63,683.01
Equity and liabilities [Abstract]
Equity [Abstract]
Equity attributable to owners of parent [Abstract]
Equity share capital 7.276968 5.405639 5.40563
Other equity 63,528.7 39,444.05
Total equity attributable to owners of parent 63,535.976968 39,449.455639
Total equity 63,535.976968 39,449.455639
Liabilities [Abstract]
Non-current liabilities [Abstract]
Non-current financial liabilities [Abstract]
Borrowings, non-current 0 0
Total non-current financial liabilities 0 0
Provisions, non-current 76.18 54.82
Total non-current liabilities 76.18 54.82
Current liabilities [Abstract]
Current financial liabilities [Abstract]
Borrowings, current 2,285.1 0
Trade payables, current 28,705.66 22,876.6
Other current financial liabilities 22.36 40.21
Total current financial liabilities 31,013.12 22,916.81
Other current liabilities 4,063.46 1,157.34
Provisions, current 103.28 104.58
Total current liabilities 35,179.86 24,178.73
Total liabilities 35,256.04 24,233.55
Total equity and liabilities 98,792.016968 63,683.005639

48
FLIPKART INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

[210000] Statement of profit and loss

Earnings per share [Table] ..(1)

Unless otherwise specified, all monetary values are in Millions of INR
Classes of equity share capital [Axis] Equity shares [Member] Equity shares 1 [Member]
01/04/2017 01/04/2016 01/04/2017 01/04/2016
to to to to
31/03/2018 31/03/2017 31/03/2018 31/03/2017
Statement of profit and loss [Abstract]
Earnings per share [Abstract]
Earnings per share [Line items]
Basic earnings per share [Abstract]
Basic earnings (loss) per share from [INR/shares] [INR/shares] [INR/shares] [INR/shares]
continuing operations -3,630.39 -452.74 -3,630.39 -452.74
[INR/shares] [INR/shares] [INR/shares] [INR/shares]
Total basic earnings (loss) per share -3,630.39 -452.74 -3,630.39 -452.74
Diluted earnings per share [Abstract]
Diluted earnings (loss) per share from [INR/shares] [INR/shares] [INR/shares] [INR/shares]
continuing operations -3,630.39 -452.74 -3,630.39 -452.74
[INR/shares] [INR/shares] [INR/shares] [INR/shares]
Total diluted earnings (loss) per share -3,630.39 -452.74 -3,630.39 -452.74

49
FLIPKART INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

Unless otherwise specified, all monetary values are in Millions of INR

01/04/2017 01/04/2016
to to
31/03/2018 31/03/2017
Statement of profit and loss [Abstract]
Income [Abstract]
Revenue from operations 214,386.5 152,644.23
Other income 2,190.16 3,048.39
Total income 216,576.66 155,692.62
Expenses [Abstract]
Cost of materials consumed 0 0
Purchases of stock-in-trade 236,608.85 157,645.66
Changes in inventories of finished goods, work-in-progress and
-5,099.1 -3,229.56
stock-in-trade
Employee benefit expense 3,315.45 1,666.68
Finance costs 233.69 100.48
Depreciation, depletion and amortisation expense 622.42 561.95
Other expenses 1,543.61 1,394.74
Total expenses 237,224.92 158,139.95
Profit before exceptional items and tax -20,648.26 -2,447.33
Total profit before tax -20,648.26 -2,447.33
Tax expense [Abstract]
Total tax expense 0 0
Total profit (loss) for period from continuing operations -20,648.26 -2,447.33
Total profit (loss) for period -20,648.26 -2,447.33
Comprehensive income OCI components presented net of tax [Abstract]
Whether company has other comprehensive income OCI components
Yes Yes
presented net of tax
Other comprehensive income net of tax [Abstract]
Components of other comprehensive income that will not be
reclassified to profit or loss, net of tax [Abstract]
Other comprehensive income, net of tax, gains (losses) on
-0.1 -3.14
remeasurements of defined benefit plans
Other comprehensive income that will not be reclassified to
0 0
profit or loss, net of tax, others
Total other comprehensive income that will not be reclassified
-0.1 -3.14
to profit or loss, net of tax
Other comprehensive income that will be reclassified to profit
10.12 0
or loss, net of tax, others
Total other comprehensive income that will be reclassified to
10.12 0
profit or loss, net of tax
Total other comprehensive income 10.02 -3.14
Other comprehensive income attributable to net of tax [Abstract]
Other Comprehensive income, attributable to owners of parent 0 0
Other Comprehensive income, attributable to non-controlling
0 0
interests
Total comprehensive income -20,638.24 -2,450.47
Comprehensive income attributable to net of tax [Abstract]
Comprehensive income, attributable to owners of parent 0 0
Comprehensive income, attributable to non-controlling interests 0 0
Comprehensive income OCI components presented before tax [Abstract]
Whether company has comprehensive income OCI components presented
No No
before tax
Other comprehensive income before tax [Abstract]
Total other comprehensive income 10.02 -3.14
Other comprehensive income attributable to [Abstract]
Other Comprehensive income, attributable to owners of parent 0 0
Other Comprehensive income, attributable to non-controlling
0 0
interests
Total comprehensive income -20,638.24 -2,450.47
Comprehensive income attributable to [Abstract]
Comprehensive income, attributable to owners of parent 0 0
Comprehensive income, attributable to non-controlling interests 0 0
Earnings per share explanatory [TextBlock]
Earnings per share [Abstract]
Basic earnings per share [Abstract]
Basic earnings (loss) per share from continuing operations [INR/shares] -3,630.39 [INR/shares] -452.74
Total basic earnings (loss) per share [INR/shares] -3,630.39 [INR/shares] -452.74
Diluted earnings per share [Abstract]
Diluted earnings (loss) per share from continuing operations [INR/shares] -3,630.39 [INR/shares] -452.74
Total diluted earnings (loss) per share [INR/shares] -3,630.39 [INR/shares] -452.74

50
FLIPKART INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

[210000a] Statement of profit and loss

Other comprehensive income that will be reclassified to profit or loss, net of tax, others [Table] ..(1)
Unless otherwise specified, all monetary values are in Millions of INR
Other comprehensive income that will be reclassified to profit or loss, net of tax, others [Axis] Column 1
01/04/2017 01/04/2016
to to
31/03/2018 31/03/2017
Other comprehensive income that will be reclassified to profit or loss, net of tax, others
[Abstract]
Other comprehensive income that will be reclassified to profit or loss, net of tax,
others [Line items]
Net gain on
financial Net gain on financial
Description of other comprehensive income that will be reclassified to profit or
instruments instruments classified
loss, net of tax, others classified as as FVTOCI
FVTOCI
Other comprehensive income that will be reclassified to profit or loss, net of tax,
10.12 0
others

Other comprehensive income that will not be reclassified to profit or loss, net of tax, others [Table] ..(1)
Unless otherwise specified, all monetary values are in Millions of INR
Other comprehensive income that will not be reclassified to profit or loss, net of tax, others [Axis] Column 1
01/04/2017 01/04/2016
to to
31/03/2018 31/03/2017
Other comprehensive income that will not be reclassified to profit or loss, net of tax,
others [Abstract]
Other comprehensive income that will not be reclassified to profit or loss, net of tax,
others [Line items]
Re-measurement Re-measurement
Description of other comprehensive income that will not be reclassified to profit
(losses) on defined (losses) on defined
or loss, net of tax, others benefit plans benefit plans
Other comprehensive income that will not be reclassified to profit or loss, net of tax,
-0.1 -3.14
others

51
FLIPKART INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

[400200] Statement of changes in equity

Statement of changes in equity [Table] ..(1)

Unless otherwise specified, all monetary values are in Millions of INR
Equity attributable
to the equity
Components of equity [Axis] Equity [Member]
holders of the
parent [Member]
01/04/2017 01/04/2016 01/04/2017
to to 31/03/2016 to
31/03/2018 31/03/2017 31/03/2018
Other equity [Abstract]
Statement of changes in equity [Line items]
Equity [Abstract]
Balance at beginning of period (if restatement
0 0 0
is applicable)
Adjustments to equity for restatement [Abstract]
Effect of changes in accounting policy 0 0 0
Correction of prior period errors 0 0 0
Adjustments to equity for restatement 0 0 0
Changes in equity [Abstract]
Comprehensive income [Abstract]
Profit (loss) for period -20,648.26 -2,447.33 -20,648.26
Changes in comprehensive income components 10.02 -3.14 10.02
Total comprehensive income -20,638.24 -2,450.47 -20,638.24
Other changes in equity [Abstract]
Other additions to reserves 44,722.89 0 44,722.89
Deductions to reserves [Abstract]
Securities premium adjusted bonus shares 0 0 0
Securities premium adjusted writing off
0 0 0
preliminary expenses
Securities premium adjusted writing
off discount expenses issue shares 0 0 0
debentures
Securities premium adjusted premium
payable redemption preference shares 0 0 0
debentures
Securities premium adjusted
purchase own shares other securities 0 0 0
under section 68
Other utilisation of securities premium
0 0 0
if permitted
Other deductions to reserves 0 0 0
Total deductions to reserves 0 0 0
Appropriations for dividend, dividend tax
and general reserve [Abstract]
Dividend appropriation [Abstract]
Interim dividend appropriation
[Abstract]
Interim equity dividend
0 0 0
appropriation
Interim special dividend
0 0 0
appropriation
Total interim dividend appropriation 0 0 0
Final dividend appropriation [Abstract]
Final equity dividend appropriation 0 0 0
Final special dividend appropriation 0 0 0
Total final dividend appropriation 0 0 0
Total dividend appropriation 0 0 0
Equity dividend tax appropriation 0 0 0
Other appropriations 0 0 0
Transfer to Retained earnings 0 0 0
Total appropriations for dividend,
0 0 0
dividend tax and retained earnings
Appropriation towards bonus shares 0 0 0
Increase (decrease) through other
0 0 0
contributions by owners, equity
Increase (decrease) through other
0 0 0
distributions to owners, equity

52
FLIPKART INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

Increase (decrease) through other changes,

0 0 0
equity
Increase (decrease) through changes in
ownership interests in subsidiaries that 0 0 0
do not result in loss of control, equity
Other changes in equity, others 0 0 0
Total other changes in equity 44,722.89 0 44,722.89
Total increase (decrease) in equity 24,084.65 -2,450.47 24,084.65
Other equity at end of period 63,528.7 39,444.05 41,894.52 63,528.7

53
FLIPKART INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

Statement of changes in equity [Table] ..(2)

Unless otherwise specified, all monetary values are in Millions of INR
Equity attributable to the equity
Components of equity [Axis] Reserves [Member]
holders of the parent [Member]
01/04/2016 01/04/2017 01/04/2016
to 31/03/2016 to to
31/03/2017 31/03/2018 31/03/2017
Other equity [Abstract]
Statement of changes in equity [Line items]
Equity [Abstract]
Balance at beginning of period (if restatement
0 0 0
is applicable)
Adjustments to equity for restatement [Abstract]
Effect of changes in accounting policy 0 0 0
Correction of prior period errors 0 0 0
Adjustments to equity for restatement 0 0 0
Changes in equity [Abstract]
Comprehensive income [Abstract]
Profit (loss) for period -2,447.33 -20,648.26 -2,447.33
Changes in comprehensive income components -3.14 0 0
Total comprehensive income -2,450.47 -20,648.26 -2,447.33
Other changes in equity [Abstract]
Other additions to reserves 0 44,722.89 0
Deductions to reserves [Abstract]
Securities premium adjusted bonus shares 0
Securities premium adjusted writing off
0
preliminary expenses
Securities premium adjusted writing
off discount expenses issue shares 0
debentures
Securities premium adjusted premium
payable redemption preference shares 0
debentures
Securities premium adjusted
purchase own shares other securities 0
under section 68
Other utilisation of securities premium
0 0 0
if permitted
Other deductions to reserves 0 0 0
Total deductions to reserves 0 0 0
Appropriations for dividend, dividend tax
and general reserve [Abstract]
Dividend appropriation [Abstract]
Interim dividend appropriation
[Abstract]
Interim equity dividend
0 0 0
appropriation
Interim special dividend
0 0 0
appropriation
Total interim dividend appropriation 0 0 0
Final dividend appropriation [Abstract]
Final equity dividend appropriation 0 0 0
Final special dividend appropriation 0 0 0
Total final dividend appropriation 0 0 0
Total dividend appropriation 0 0 0
Equity dividend tax appropriation 0 0 0
Other appropriations 0 0 0
Transfer to Retained earnings 0 0 0
Total appropriations for dividend,
0 0 0
dividend tax and retained earnings
Appropriation towards bonus shares 0 0 0
Increase (decrease) through other
0 0 0
contributions by owners, equity
Increase (decrease) through other
0 0 0
distributions to owners, equity
Increase (decrease) through other changes,
0 0 0
equity
Increase (decrease) through changes in
ownership interests in subsidiaries that 0 0 0
do not result in loss of control, equity
Other changes in equity, others 0 0 0

54
FLIPKART INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

Total other changes in equity 0 44,722.89 0

Total increase (decrease) in equity -2,450.47 24,074.63 -2,447.33
Other equity at end of period 39,444.05 41,894.52 63,535.28 39,460.65

55
FLIPKART INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

Statement of changes in equity [Table] ..(3)

Unless otherwise specified, all monetary values are in Millions of INR
Reserves
Components of equity [Axis] Securities premium reserve [Member]
[Member]
01/04/2017 01/04/2016
31/03/2016 to to 31/03/2016
31/03/2018 31/03/2017
Other equity [Abstract]
Statement of changes in equity [Line items]
Equity [Abstract]
Balance at beginning of period (if restatement
0 0
is applicable)
Adjustments to equity for restatement [Abstract]
Effect of changes in accounting policy 0 0
Correction of prior period errors 0 0
Adjustments to equity for restatement 0 0
Changes in equity [Abstract]
Comprehensive income [Abstract]
Profit (loss) for period 0 0
Changes in comprehensive income components 0 0
Total comprehensive income 0 0
Other changes in equity [Abstract]
Other additions to reserves 44,722.89 0
Deductions to reserves [Abstract]
Securities premium adjusted bonus shares 0 0
Securities premium adjusted writing off
0 0
preliminary expenses
Securities premium adjusted writing
off discount expenses issue shares 0 0
debentures
Securities premium adjusted premium
payable redemption preference shares 0 0
debentures
Securities premium adjusted
purchase own shares other securities 0 0
under section 68
Other utilisation of securities premium
0 0
if permitted
Other deductions to reserves 0 0
Total deductions to reserves 0 0
Appropriations for dividend, dividend tax
and general reserve [Abstract]
Dividend appropriation [Abstract]
Interim dividend appropriation
[Abstract]
Interim equity dividend
0 0
appropriation
Interim special dividend
0 0
appropriation
Total interim dividend appropriation 0 0
Final dividend appropriation [Abstract]
Final equity dividend appropriation 0 0
Final special dividend appropriation 0 0
Total final dividend appropriation 0 0
Total dividend appropriation 0 0
Equity dividend tax appropriation 0 0
Other appropriations 0 0
Transfer to Retained earnings 0 0
Total appropriations for dividend,
0 0
dividend tax and retained earnings
Appropriation towards bonus shares 0 0
Increase (decrease) through other
0 0
contributions by owners, equity
Increase (decrease) through other
0 0
distributions to owners, equity
Increase (decrease) through other changes,
0 0
equity
Increase (decrease) through changes in
ownership interests in subsidiaries that 0 0
do not result in loss of control, equity
Other changes in equity, others 0 0

56
FLIPKART INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

Total other changes in equity 44,722.89 0

Total increase (decrease) in equity 44,722.89 0
Other equity at end of period 41,907.98 108,262.57 63,539.68 63,539.68

Statement of changes in equity [Table] ..(4)

Unless otherwise specified, all monetary values are in Millions of INR
Other retained
Components of equity [Axis] Retained earnings [Member]
earning [Member]
01/04/2017 01/04/2016 01/04/2017
to to 31/03/2016 to
31/03/2018 31/03/2017 31/03/2018
Other equity [Abstract]
Statement of changes in equity [Line items]
Equity [Abstract]
Balance at beginning of period (if restatement
0 0 0
is applicable)
Adjustments to equity for restatement [Abstract]
Effect of changes in accounting policy 0 0 0
Correction of prior period errors 0 0 0
Adjustments to equity for restatement 0 0 0
Changes in equity [Abstract]
Comprehensive income [Abstract]
Profit (loss) for period -20,648.26 -2,447.33 -20,648.26
Changes in comprehensive income components 0 0 0
Total comprehensive income -20,648.26 -2,447.33 -20,648.26
Other changes in equity [Abstract]
Other additions to reserves 0 0 0
Deductions to reserves [Abstract]
Other utilisation of securities premium
0 0 0
if permitted
Other deductions to reserves 0 0 0
Total deductions to reserves 0 0 0
Appropriations for dividend, dividend tax
and general reserve [Abstract]
Dividend appropriation [Abstract]
Interim dividend appropriation
[Abstract]
Interim equity dividend
0 0 0
appropriation
Interim special dividend
0 0 0
appropriation
Total interim dividend appropriation 0 0 0
Final dividend appropriation [Abstract]
Final equity dividend appropriation 0 0 0
Final special dividend appropriation 0 0 0
Total final dividend appropriation 0 0 0
Total dividend appropriation 0 0 0
Equity dividend tax appropriation 0 0 0
Other appropriations 0 0 0
Transfer to Retained earnings 0 0 0
Total appropriations for dividend,
0 0 0
dividend tax and retained earnings
Appropriation towards bonus shares 0 0 0
Increase (decrease) through other
0 0 0
contributions by owners, equity
Increase (decrease) through other
0 0 0
distributions to owners, equity
Increase (decrease) through other changes,
0 0 0
equity
Increase (decrease) through changes in
ownership interests in subsidiaries that 0 0 0
do not result in loss of control, equity
Other changes in equity, others 0 0 0
Total other changes in equity 0 0 0
Total increase (decrease) in equity -20,648.26 -2,447.33 -20,648.26
Other equity at end of period -44,727.29 -24,079.03 -21,631.7 -44,727.29

57
FLIPKART INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

Statement of changes in equity [Table] ..(5)

Unless otherwise specified, all monetary values are in Millions of INR
Components of equity [Axis] Other retained earning [Member] Other equity other [Member]
01/04/2016 01/04/2017 01/04/2016
to 31/03/2016 to to
31/03/2017 31/03/2018 31/03/2017
Other equity [Abstract]
Statement of changes in equity [Line items]
Equity [Abstract]
Balance at beginning of period (if restatement
0 0 0
is applicable)
Adjustments to equity for restatement [Abstract]
Effect of changes in accounting policy 0 0 0
Correction of prior period errors 0 0 0
Adjustments to equity for restatement 0 0 0
Changes in equity [Abstract]
Comprehensive income [Abstract]
Profit (loss) for period -2,447.33 0 0
Changes in comprehensive income components 0 10.02 -3.14
Total comprehensive income -2,447.33 10.02 -3.14
Other changes in equity [Abstract]
Other additions to reserves 0 0 0
Deductions to reserves [Abstract]
Securities premium adjusted bonus shares 0 0
Securities premium adjusted writing off
0 0
preliminary expenses
Securities premium adjusted writing
off discount expenses issue shares 0 0
debentures
Securities premium adjusted premium
payable redemption preference shares 0 0
debentures
Securities premium adjusted
purchase own shares other securities 0 0
under section 68
Other utilisation of securities premium
0 0 0
if permitted
Other deductions to reserves 0 0 0
Total deductions to reserves 0 0 0
Appropriations for dividend, dividend tax
and general reserve [Abstract]
Dividend appropriation [Abstract]
Interim dividend appropriation
[Abstract]
Interim equity dividend
0 0 0
appropriation
Interim special dividend
0 0 0
appropriation
Total interim dividend appropriation 0 0 0
Final dividend appropriation [Abstract]
Final equity dividend appropriation 0 0 0
Final special dividend appropriation 0 0 0
Total final dividend appropriation 0 0 0
Total dividend appropriation 0 0 0
Equity dividend tax appropriation 0 0 0
Other appropriations 0 0 0
Transfer to Retained earnings 0 0 0
Total appropriations for dividend,
0 0 0
dividend tax and retained earnings
Appropriation towards bonus shares 0 0 0
Increase (decrease) through other
0 0 0
contributions by owners, equity
Increase (decrease) through other
0 0 0
distributions to owners, equity
Increase (decrease) through other changes,
0 0 0
equity
Increase (decrease) through changes in
ownership interests in subsidiaries that 0 0 0
do not result in loss of control, equity
Other changes in equity, others 0 0 0
Total other changes in equity 0 0 0

58
FLIPKART INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

Total increase (decrease) in equity -2,447.33 10.02 -3.14

Other equity at end of period -24,079.03 -21,631.7 -6.58 -16.6
Changes in equity Changes in equity
Description of nature of other equity, others share capital during share capital during
the year the year

59
FLIPKART INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

Statement of changes in equity [Table] ..(6)

Unless otherwise specified, all monetary values are in Millions of INR
Other equity other
Components of equity [Axis] Other equity other 1 [Member]
[Member]
01/04/2017 01/04/2016
31/03/2016 to to 31/03/2016
31/03/2018 31/03/2017
Other equity [Abstract]
Statement of changes in equity [Line items]
Equity [Abstract]
Balance at beginning of period (if restatement
0 0
is applicable)
Adjustments to equity for restatement [Abstract]
Effect of changes in accounting policy 0 0
Correction of prior period errors 0 0
Adjustments to equity for restatement 0 0
Changes in equity [Abstract]
Comprehensive income [Abstract]
Profit (loss) for period 0 0
Changes in comprehensive income components 10.02 -3.14
Total comprehensive income 10.02 -3.14
Other changes in equity [Abstract]
Other additions to reserves 0 0
Deductions to reserves [Abstract]
Securities premium adjusted bonus shares 0 0
Securities premium adjusted writing off
0 0
preliminary expenses
Securities premium adjusted writing
off discount expenses issue shares 0 0
debentures
Securities premium adjusted premium
payable redemption preference shares 0 0
debentures
Securities premium adjusted
purchase own shares other securities 0 0
under section 68
Other utilisation of securities premium
0 0
if permitted
Other deductions to reserves 0 0
Total deductions to reserves 0 0
Appropriations for dividend, dividend tax
and general reserve [Abstract]
Dividend appropriation [Abstract]
Interim dividend appropriation
[Abstract]
Interim equity dividend
0 0
appropriation
Interim special dividend
0 0
appropriation
Total interim dividend appropriation 0 0
Final dividend appropriation [Abstract]
Final equity dividend appropriation 0 0
Final special dividend appropriation 0 0
Total final dividend appropriation 0 0
Total dividend appropriation 0 0
Equity dividend tax appropriation 0 0
Other appropriations 0 0
Transfer to Retained earnings 0 0
Total appropriations for dividend,
0 0
dividend tax and retained earnings
Appropriation towards bonus shares 0 0
Increase (decrease) through other
0 0
contributions by owners, equity
Increase (decrease) through other
0 0
distributions to owners, equity
Increase (decrease) through other changes,
0 0
equity
Increase (decrease) through changes in
ownership interests in subsidiaries that 0 0
do not result in loss of control, equity
Other changes in equity, others 0 0

60
FLIPKART INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

Total other changes in equity 0 0

Total increase (decrease) in equity 10.02 -3.14
Other equity at end of period -13.46 -6.58 -16.6 -13.46
Changes in equity share Changes in equity share
Description of nature of other equity, others capital during the year capital during the year

Unless otherwise specified, all monetary values are in Millions of INR

01/04/2017
to
31/03/2018
Textual information (3)
Disclosure of notes on changes in equity [TextBlock] [See below]

61
FLIPKART INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

Textual information (3)

Disclosure of notes on changes in equity [Text Block]

Statement of changes in equity for the financial year ended March 31, 2018

Rupees in millions, unless otherwise stated

Equity share capital

As at April 1, Changes in equity share capital during the As at March 31,

Year ended March 31, 2018
2017 year 2018

Equity share capital (refer note

5.41 1.87 7.28
9)

Other equity

Retained Other components of Securities Total

Year ended March 31, 2018
earnings equity premium reserves

Balance as at April 1, 2017 (24,079.03) (16.60) 63,539.68 39,444.05

Loss for the year (20,648.26) - - (20,648.26)

Fair valuation of investments - 10.12 - 10.12

Re-measurement (losses) on defined benefit

- (0.10) - (0.10)
plans

Total comprehensive income for the year (44,727.29) (6.58) 63,539.68 18,805.81

Issue of Shares - - 44,722.89 44,722.89

Balance as at the March 31, 2018 (44,727.29) (6.58) 1,08,262.57 63,528.70

Equity share capital

62
FLIPKART INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

Year ended March 31, 2017 As at April 1, 2016 Changes in equity share capital during the year As at March 31, 2017

Equity share capital 5.41 - 5.41

Other equity

Retained Other components of Securities Total

Year ended March 31, 2017
earnings equity premium reserves

Balance as at April 1, 2016 (21,631.70) (13.46) 63,539.68 41,894.52

Loss for the year (2,447.33) - - (2,447.33)

Re-measurement (losses) on defined benefit

- (3.14) - (3.14)
plans

Total comprehensive income for the year (24,079.03) (16.60) 63,539.68 39,444.05

Balance as at the March 31, 2017 (24,079.03) (16.60) 63,539.68 39,444.05

63
FLIPKART INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

[320000] Cash flow statement, indirect

Unless otherwise specified, all monetary values are in Millions of INR
01/04/2017 01/04/2016
to to 31/03/2016
31/03/2018 31/03/2017
Statement of cash flows [Abstract]
Whether cash flow statement is applicable on company Yes Yes
Cash flows from used in operating activities [Abstract]
Profit before tax -20,648.26 -2,447.33
Adjustments for reconcile profit (loss) [Abstract]
Adjustments for decrease (increase) in inventories -5,099.1 -3,229.56
Adjustments for decrease (increase) in trade receivables, current -3,934.25 -6,849.02
Adjustments for decrease (increase) in other current assets -8,024.51 -608.79
Adjustments for decrease (increase) in other non-current assets 2.43 64.96

Adjustments for other financial assets, non-current (A) -7,725.14 (B) 5,364.41
Adjustments for other financial assets, current (C) -14,136.68 (D) -2,920.85
Adjustments for increase (decrease) in trade payables, current 5,786.53 8,152
Adjustments for increase (decrease) in other current liabilities 2,906.12 283.47
Adjustments for depreciation and amortisation expense 622.42 561.95
Adjustments for provisions, current -1.3 -17.14
Adjustments for provisions, non-current 21.26 -5.83
Adjustments for other financial liabilities, current -15.48 28.49
Adjustments for unrealised foreign exchange losses gains 36.6 1.71
Total adjustments for reconcile profit (loss) -29,561.1 825.8
Net cash flows from (used in) operations -50,209.36 -1,621.53
Interest paid -150.33 -62.12
Interest received -1,336.68 -1,716.98
Income taxes paid (refund) 47.23 -19.04

Other inflows (outflows) of cash (E) -28.77 (F) -774.05

Net cash flows from (used in) operating activities -51,471.71 -4,031.4
Cash flows from used in investing activities [Abstract]
Proceeds from sales of property, plant and equipment 1.79 4.18
Purchase of property, plant and equipment 409.1 251.39
Cash advances and loans made to other parties 42,286.34 21,177.4
Cash receipts from repayment of advances and loans made to other parties 52,499.54 9,977.4
Interest received 1,195.67 2,709.86

Other inflows (outflows) of cash (G) -13,431.09 (H) 12,476.49

Net cash flows from (used in) investing activities -2,429.53 3,739.14
Cash flows from used in financing activities [Abstract]
Proceeds from issuing shares 44,724.76 0

Proceeds from borrowings (I) 19,636.2 (J) 4,445.7

Repayments of borrowings (K) 17,351.1 (L) 4,445.7
Interest paid (M) 143.76 (N) 62.12
Other inflows (outflows) of cash (O) 0
(P) -4,548.17
Net cash flows from (used in) financing activities 46,866.1 -4,610.29
Net increase (decrease) in cash and cash equivalents before effect of
-7,035.14 -4,902.55
exchange rate changes
Net increase (decrease) in cash and cash equivalents -7,035.14 -4,902.55
Cash and cash equivalents cash flow statement at end of period 702.56 7,737.7 12,640.25

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FLIPKART INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

Footnotes
(A) (Increase)/decrease in non-current loans financial assets Rs. 14.86 Mn (Increase)/decrease in non-current other financial assets
Rs. -7740.00 Mn
(B) (Increase)/decrease in non-current loans financial assets Rs. 62.45 Mn (Increase)/decrease in non-current other financial assets
Rs. 5,301.96 Mn
(C) (Increase)/decrease in current loans financial assets Rs. (1.09) Mn (Increase)/decrease in current other financial assets Rs.
(14,135.59) Mn
(D) (Increase)/decrease in current loans financial assets Rs. 83.13 Mn (Increase)/decrease in current other financial assets Rs.
(3,003.98) Mn
(E) Allowance for doubtful and bad debts and advances Rs. 540.62 Mn Bad debts and advances written off Rs. 51.82 Mn Net gain on
sale of current investments Rs. (573.46) Mn Unrealized gain on investments Rs. (65.70) Mn Discount on Non-convertible debentures
amortized Rs. (1.30) Mn Premium on Non-convertible debentures amortized Rs. 0.61 Mn Liabilities written back Rs. (6.53) Mn
Realized exchange loss on buyer's credit Rs. NIL Loss on sale of fixed assets Rs. 25.17 Mn
(F) Allowance for doubtful and bad debts and advances Rs. 149.22 Mn Bad debts and advances written off Rs. 15.29 Mn Net gain on
sale of current investments Rs. (1,171.38) Mn Unrealized gain on investments Rs. (13.96) Mn Discount on Non-convertible
debentures amortized Rs. NIL Premium on Non-convertible debentures amortized Rs. NIL Liabilities written back Rs. NIL Realized
exchange loss on buyer's credit Rs. 186.41 Mn Loss on sale of fixed assets Rs. 60.37 Mn
(G) Investment in Non-convertible debentures and bonds Rs. (7,653.05) Mn Investments in mutual funds Rs. (7,89,795.90) Mn
Proceeds from sale of mutual funds Rs. 7,84,017.86 Mn
(H) Investment in Non-convertible debentures and bonds Rs. NIL Investments in mutual funds Rs.(2,64,747.34) Mn Proceeds from
sale of mutual funds Rs.2,77,223.83 Mn
(I) Intercorporate loan availed Rs. 19,636.20 Mn Proceeds from buyer's credit Rs. NIL
(J) Intercorporate loan availed Rs. 4,445.70 Mn
(K) Intercorporate loan repaid
(L) Intercorporate loan repaid
(M) Interest paid on intercorporate loans Rs. (143.76) Mn Interest paid on buyers credit Rs. NIL
(N) Interest paid on intercorporate loans Rs. (50.38) Mn Interest paid on buyers credit Rs. (11.74) Mn
(O) Proceeds from buyer's credit
(P) Proceeds from buyer's credit

[610100] Notes - List of accounting policies

Unless otherwise specified, all monetary values are in Millions of INR
01/04/2017
to
31/03/2018
Textual information (4)
Disclosure of significant accounting policies [TextBlock] [See below]

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FLIPKART INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

Textual information (4)

Disclosure of significant accounting policies [Text Block]

1. Corporate information

Flipkart India Private Limited (herein after referred to as "the Company") was incorporated on September 19, 2011 as a private limited
Company under the Companies Act, 1956. The registered office of the Company is located at Vaishnavi Summit, Ground Floor, 7th Main, 80
Feet Road, 3rd Block, Koramangala Industrial Layout, Bangalore, India. The Company is involved in the business of 'Cash and Carry
Trading/Wholesale Trading' within the meaning of Schedule I of the Foreign Exchange Management (Transfer or Issue of Security by a
Person Resident Outside India) Regulations, 2000 ("FDI Policy"). The Company is engaged in wholesale distribution of mobile, television,
laptop, tablet, mobile accessory, footwear and clothing.

The financial statements were authorised for issue in accordance with a resolution of the directors on May 3, 2018.

2. Summary of Significant Accounting Policies

2.1 Basis of preparation

The financial statements have been prepared in accordance with Indian Accounting Standards (IND AS) under the historical cost convention
on the accrual basis, except for certain financial assets and liabilities measured at fair value (refer accounting policy regarding financial
instruments) and the provisions of the Companies Act, 2013 (""Act"") (to the extent notified). The IND AS are prescribed under Section 133
of the Act read with Rule 3 of the Companies (Indian Accounting Standards) Rules, 2015, as amended by the Companies (Indian Accounting
Standards) (Amendment) Rules, 2016 and Companies (Indian Accounting Standards) (Amendment) Rules, 2017.

The financial statements are presented in Indian Rupees (INR or Rs.) and all values in the tables are reported in millions of Indian rupees
(Rupees in millions ('Mn')) upto two decimal place except share data, unless otherwise stated. Certain notes and disclosures in the financials
has been represented as Zero (""0""), where the absolute amount is below the rounding off norms adopted by the Company.

Accounting policies have been consistently applied except where a newly issued accounting standard is initially adopted or a revision to an
existing accounting standard requires a change in the accounting policy hitherto in use.

2.2 Business Combination

Business combinations are accounted for by applying the acquisition method as at the date of acquisition, which is the date on which control
is transferred to the Company. Identifiable assets acquired and liabilities assumed in a business combination are measured initially at their
fair values at the acquisition date. When the Company acquires a business, it assess the financial assets and liabilities assumed for appropriate
classification and designation. In accordance with contractual terms, economic circumstances and pertinent conditions as at acquisition date.
The excess of the cost of acquisition over the interest in the fair value of the identifiable net assets acquired and attributable to the owners of
the Company is recorded as goodwill. The cost of an acquisition is measured as the aggregate of the consideration transferred, which is
measured at the acquisition date fair value and the amount of a non-controlling interest in the acquire. Transaction costs incurred in
connection with a business acquisition are expensed as and when incurred. If the fair value of the net assets acquired is in excess of the
aggregate consideration transferred, then the gain is recognized in other comprehensive income (OCI) and accumulated in equity as capital
reserve.

Any contingent consideration payable is measured at fair value at the acquisition date. Subsequent changes in the fair value of contingent
consideration are recognized in statement of profit or loss. Contingent consideration that is classified as equity is not remeasured and

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FLIPKART INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

subsequent settlement is accounted for within equity.

Business combinations involving entities or businesses under common control shall be accounted for using the pooling of interest method.

2.3 Functional and Foreign currency

Functional and presentation currency

Management has determined the currency of the primary economic environment in which the entity resides in and operates as the functional
currency. The functional currency of the Company is Indian Rupees (INR). The financial statements have been presented in INR, as it best
represents the operating business performance and underlying transactions.

Transactions and balances

Transactions in foreign currencies are measured in the functional currency of the Company and are recorded on initial recognition in the
functional currency at exchange rates prevailing at the transaction dates. Monetary assets and liabilities denominated in foreign currencies are
translated at the rate of exchange ruling at the end of the reporting period.

Differences arising on settlement or translation of monetary items are recognized in the statement of profit and loss.

Non-monetary items that are measured in historical cost in a foreign currency are translated using the exchange rates as at the dates of the
initial transactions. Non-monetary items measured at fair value in a foreign currency are translated using the exchange rates at the date when
the fair value was determined. The gain or loss arising on translation of non-monetary items measured at fair value is treated in line with the
recognition of the gain or loss on the change in fair value of the item (i.e., translation differences on items whose fair value gain or loss is
recognized in Other Comprehensive Income (OCI) or statement of profit and loss are also recognized in OCI or statement of profit and loss,
respectively).

2.4 Property, plant and equipment

(a) Recognition and measurement

All items of property, plant and equipment are initially measured at cost and subsequently it is measured at cost less accumulated
depreciation and impairment losses, if any. Costs include expenditures directly attributable to acquisition of assets. The cost of an item of
property, plant and equipment is recognized as an asset, if and only if, it is probable that future economic benefits associated with the item
will flow to the Company and the cost of the item can be measured reliably. When significant parts of property, plant and equipment are
required to be replaced in intervals, the Company recognizes such parts as individual assets with specific useful lives and depreciation,
respectively. Any subsequent cost incurred is recognized in the carrying amount of the plant and equipment as a replacement if the
recognition criteria are satisfied. All other repair and maintenance costs are recognized in statement of profit and loss as incurred.

(b) Depreciation

The Company depreciates property, plant and equipment over the estimated useful life on a straight-line basis from the date the assets are
available for use. Leasehold improvements are amortized over the estimated useful life or the lease period, whichever is lower.

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FLIPKART INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

Depreciation is not recorded on capital work-in-progress until construction and installation are complete and the asset is ready for its intended
use.

The residual value, estimated useful life and method of depreciation of property, plant and equipment are reviewed at each financial year and
adjusted prospectively, if appropriate. The estimated useful lives of assets are as follows:

Category of assets Estimated useful life

Computers 3 years

Computer Servers (included under " Computers") 5 years

Furniture and fixtures 5 years

Office equipment 5 years

Electrical installations and equipment 5 years

Plant and Machinery 5 years

2.4 Property, plant and equipment

The Company, based on technical assessment made by technical expert and management estimate, depreciates the certain items of plant and
equipment over estimated useful lives which are different from the useful life prescribed in Schedule II to the Companies Act, 2013. The
management believes that these estimated useful lives are realistic and reflect fair approximation of the period over which the assets are
likely to be used.

The carrying values of property, plant and equipment are reviewed for impairment when events or changes in circumstances indicate that the
carrying value may not be recoverable.

An item of plant and equipment is derecognized upon disposal or when no future economic benefits are expected from its use or disposal.
Any gain or loss on de-recognition of the asset is included in the statement of profit and loss in the year the asset is derecognized.

2.5 Goodwill and Intangible assets

Goodwill

Goodwill represents the excess of the purchase price over the fair value of the identifiable assets and liabilities acquired in a business

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FLIPKART INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

combination. If the excess is negative, a bargain purchase gain is recognized immediately in OCI and accumulated in equity as capital
reserve.

Goodwill is tested for impairment at least annually and when events occur or changes in circumstances indicate that the recoverable amount
of the cash generating unit is less than its carrying value. The goodwill impairment test is performed at the level of cash-generating unit or
groups of cash-generating units which represent the lowest level at which goodwill is monitored for internal management purposes.

Where the recoverable amount of the cash-generating unit is less than the carrying amount, an impairment loss is recognized in statement of
profit and loss. Impairment losses recognized for goodwill are not reversed in subsequent periods.

Intangible assets

Intangible assets acquired separately are measured on initial recognition at cost. Intangible assets acquired in business combination are
measured at fair value as at the date of acquisition. Following initial recognition, intangible assets are carried at cost less any accumulated
amortization and impairment losses, if any. Internally generated intangible assets, excluding capitalized development costs, are not
capitalized and expenditure is recognized in the statement of profit and loss when it is incurred.

Subsequent expenditures are capitalized only when they increase the future economic benefits embodied in the specific asset to which they
relate.

Intangible assets with indefinite useful lives or not yet available are not amortized, but instead tested for impairment annually. Intangible
assets with finite lives are amortized over the estimated useful life. The amortization period and the amortization method for an intangible
asset with a finite useful life are reviewed at least at the end of each reporting period. The amortization expense on intangible assets with
finite lives is recognized in the statement of profit or loss in the expense category consistent with the nature of the intangible assets.

Gains or losses arising from de-recognition of an intangible asset are measured as the difference between the net disposal proceeds and the
carrying amount of the asset and are recognized in the statement of profit or loss when the asset is derecognized.

The useful lives of the intangible assets assessed by the management are as follows and these amortized on a straight line basis over the
period of the assets:

Category of assets Estimated useful life

Computer software 1-3 years

2.6 Inventories

Inventories are stated at the lower of cost or net realizable value. Costs include purchase costs and other costs incurred in bringing the
inventories to their present location and condition. Inventories are primarily accounted for using first-in first-out basis.

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FLIPKART INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

Net realizable value is the estimated selling price in the ordinary course of business, less estimated costs necessary to make the sale.

Where necessary, allowance is provided for damaged, obsolete and slow moving items to adjust the carrying value of inventories to the lower
of cost and net realizable value.

2.7 Financial Instruments

A financial instrument is any contract that gives rise to a financial asset of one entity and a financial liability or equity instrument of another
entity. Financial instruments in the form of financial assets and financial liabilities are generally presented separately. Financial instruments
are recognized on the balance sheet when the Company becomes a party to the contractual provisions of the instrument.

Upon initial recognition, financial instruments are measured at fair value. Transaction costs directly attributable to the acquisition or issue of
financial instruments are recognized in determining the carrying amount, if it is not classified as at fair value through profit or loss.
Subsequently, financial instruments are measured according to the category in which they are classified.

Financial assets are classified into following categories:

- Financial assets carried at amortized cost

- Financial assets fair valued through other comprehensive income (FVTOCI)

- Financial assets at fair value through profit or loss (FVTPL)

Financial liabilities are classified into financial liabilities at fair value through profit or loss and other financial liabilities.

Financial assets

Financial assets primarily comprise of trade receivables, loan and receivables, cash and bank balances and marketable securities and
investments.

Subsequent measurement

The subsequent measurement of financial assets depends on their classification as follows:

Financial assets carried at amortized cost

A financial asset is subsequently measured at amortized cost if it meets both the following criteria:

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FLIPKART INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

(i) the asset is held within a business model whose objective is to hold the asset to collect contractual cash flows, and

(ii) the contractual terms of the financial assets give rise on a specified date to cash flows that are solely payments of principal and interest on
the principal outstanding.

Financial assets at fair value through other comprehensive income (FVTOCI):

A financial asset is subsequently measured at fair value through other comprehensive income if it meets both the following criteria:

(i) the asset is held within a business model whose objective is achieved by both collecting contractual cash flows and selling financial assets,
and

(ii) the contractual terms of the financial asset give rise on specified dates to cash flows that are solely payments of principal and interest on
the principal amount outstanding.

Further, in cases where the Company has made an irrevocable election based on its business model, for its investments which are classified as
equity instruments, the subsequent changes in fair value are recognized in other comprehensive income. For Financial assets at FVTOCI, all
fair value changes in the instruments excluding dividends, are recognized in OCI and is never recycled to statement of profit or loss, even on
sale of the instrument. Interest income earned on FVTOCI instruments are recognized in statement of profit or loss.

2.7 Financial Instruments (continued)

Financial assets at fair value through profit or loss (FVTPL) :

A financial asset which does not meet the amortized cost or FVTOCI criteria is measured as FVTPL. Financial assets at FVTPL are
measured at fair value at the end of each reporting period, with any gains or losses on re-measurement recognized in statement of profit or
loss. The gain or loss on disposal is recognized in statement of profit or loss. Interest income earned on FVTPL instruments are recognized in
statement of profit or loss.

Financial liabilities:

Financial liabilities primarily include trade payables, borrowings, derivative financial liabilities and other liabilities.

Financial liabilities measured at amortized cost

After initial recognition, financial liabilities are subsequently measured at amortized cost using the effective interest method, except for
contingent considerations recognized in a business combination which is subsequently measured at FVTPL. For trade and other payables, the
carrying amounts approximate fair value due to the short term maturity of these instruments.

Compound financial instruments

Compound financial instruments have both a financial liability and an equity component from the issuer’s perspective. The components are
defined based on the terms of the financial instrument and presented and measured separately according to their substance. At initial
recognition of a compound financial instrument, the financial liability component is recognized at fair value and the residual amount is

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FLIPKART INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

allocated to equity.

Derivative financial instruments

All derivatives are recognized initially at fair value on the date a derivative contract is entered into and subsequently re-measured at fair
value. Embedded derivatives are separated from the host contract and accounted for separately if they are not closely related to the host
contract. The Company measures all derivative financial instruments based on fair values derived from market prices of the instruments or
from option pricing models, as appropriate. Changes in the fair value of any derivative instruments that do not qualify for hedge accounting
are recognized immediately in the statement of profit and loss, except for derivatives that are highly effective and qualify for cash flow or net
investment hedge accounting.

Financial Guarantee

A financial guarantee contract is a contract that requires the Company to make specified payments to reimburse the holder for a loss it incurs
because a specified debtor fails to make payment when due in accordance with the terms of a debt instrument.

Financial guarantee contracts are recognized initially as a liability at fair value, adjusted for transaction costs that are directly attributable to
the issuance of the guarantee. Subsequently it is measured at the higher of:

(i) the amount of the loss allowance determined in accordance Expected Credit Loss model, and

(ii) the amount initially recognized less, when appropriate, the cumulative amount of income recognized in accordance with the principles of
IND AS 18.

De-recognition of financial assets and liabilities

The Company derecognizes a financial asset only when the contractual rights to the cash flows from the asset expires or it transfers the
financial asset and substantially all the risks and rewards of ownership of the asset to another entity. If the Company neither transfers nor
retains substantially all the risks and rewards of ownership and continues to control the transferred asset, the Company recognizes its retained
interest in the asset and an associated liability for amounts it may have to pay. If the Company retains substantially all the risks and rewards
of ownership of a transferred financial asset, the Company continues to recognize the financial asset and also recognizes a collateralized
borrowing for the proceeds received.

On de-recognition of a financial asset measured at amortized cost, the difference between the asset's carrying amount and the sum of the
consideration received and receivable is recognized in the statement of profit and loss. In addition, on de-recognition of an investment in a
debt instrument classified as at FVTOCI, the cumulative gain or loss previously accumulated in the investments revaluation reserve is
reclassified to profit or loss. In contrast, on de-recognition of an investment in equity instrument which the Company has elected on initial
recognition to measure at FVTOCI, the cumulative gain or loss previously accumulated in the investments revaluation reserve is not
reclassified to profit or loss, but is transferred to retained earnings.

The Company derecognizes financial liabilities when, and only when, the Company's obligations are discharged, cancelled or they expire.
The difference between the carrying amount of the financial liability derecognized and the consideration paid and payable, including any
non-cash assets transferred or liabilities assumed, is recognized in the statement of profit and loss.

Offsetting of financial instruments

Financial assets and financial liabilities are offset with the net amount reported in the balance sheet only if there is a current enforceable legal
right to offset the recognized amounts and an intent to settle on a net basis, or to realize the assets and settle the liabilities simultaneously.

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FLIPKART INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

2.8 Impairment

Financial assets

IND AS 109 requires the Company to record expected credit losses on all of its debt securities, loans and receivables, either on a 12-month or
life time expected credit losses. The Company recognizes loss allowances using the expected credit loss (ECL) model for the financial assets
which are not fair valued through profit or loss. Loss allowance for trade receivable with no significant financing component is measured at
an amount equal to life time ECL. For all other financial assets, ECL are measured at an amount equal to 12-month ECL, unless there is a
significant increase in the credit risk from initial recognition in which case those are measured at lifetime ECL. The amount of expected
credit losses (or reversal) that is required to adjust the loss allowance at the reporting date to the amount that is required to be recognized is
recognized as an impairment gain or loss in profit or loss.

Non - financial assets

The Company assesses whether there are any indicators of impairment for all non-financial assets at each reporting date. Goodwill and
intangible assets with indefinite economic lives are tested for impairment annually and at other times when such indicators exist.

An asset's recoverable amount is the higher of an asset's or cash-generating unit's fair value less costs to sell and its value in use and is
determined for an individual asset, unless the asset does not generate cash inflows that are largely independent of those from other assets or
groups of assets. Where the carrying amount of an asset or cash-generating unit exceeds its recoverable amount, the asset is considered
impaired and is written down to its recoverable amount. In assessing value in use, the estimated future cash flows are discounted to their
present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the
asset. In determining fair value less costs to sell, recent market transactions are taken into account, if available. If no such transactions can be
identified, an appropriate valuation model is used. These calculations are corroborated by valuation multiples or other available fair value
indicators.

Other non-financial assets are tested for impairment when there are indicators that the carrying amounts may not be recoverable.

2.9 Cash and cash equivalents

Cash and cash equivalents comprise cash at banks and on hand, demand deposits, and short-term, highly liquid investments that are readily
convertible to known amount of cash and which are subject to an insignificant risk of changes in value.

For the purpose of the statement of cash flows, cash and cash equivalents consist of cash and cash equivalent, as defined above, net of
outstanding bank overdrafts as they are considered an integral part of the Company’s cash management.

2.10 Restricted Cash

Cash that is restricted as to withdrawal for use or pledged as security is reported separately under other assets, and is not included in the total
cash and cash equivalents in the statements of cash flows & cash & cash equivalents in the balance sheet. The Company’s restricted cash
mainly represents (a) the secured deposits held in designated bank accounts for which Bank Guarantee has been issued/utilized; (b) time
deposits that are pledged for outstanding short-term loan and borrowings.

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FLIPKART INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

2.11 Provisions

Provisions are recognized when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that an
outflow of resources embodying economic benefits will be required to settle the obligation and the amount of the obligation can be estimated
reliably.

The amount recognized as a provision is the best estimate of the consideration required to settle the present obligation at the end of the
reporting period, taking into account the risks and uncertainties surrounding the obligation. The expense relating to a provision is presented
in the statement of profit and loss net of any reimbursement.

If the effect of the time value of money is material, provisions are discounted using a current pre-tax rate that reflects, when appropriate, the
risks specific to the liability. When discounting is used, the increase in the provision due to the passage of time is recognized as a finance
cost. The amount recognized as a provision is the best estimate of the consideration required to settle the present obligation at the end of the
reporting period, taking into account the risks and uncertainties surrounding the obligation.

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, the receivable is
recognized as an asset, if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2.12 Employee benefits

Defined benefit plan

In accordance with applicable laws in India, the Company provides for gratuity, a defined benefit retirement plan (“the Gratuity Plan”) for
every employee who has completed 5 years or more of service on departure at 15 days salary (last drawn salary). The Gratuity Plan provides
for a lump sum payment to eligible employees at retirement, death, incapacitation or termination of employment based on last drawn salary
and tenure of employment with the Company. Liabilities with regard to the Gratuity Plan are determined by actuarial valuation on the
reporting date using projected unit credit method. The gratuity scheme is not funded.

The cost of providing benefits under the defined benefit plan is determined using the projected unit credit method. Re-measurements,
comprising of actuarial gains and losses, the effect of the asset ceiling, excluding net interest and the return on plan assets (excluding net
interest), are recognised immediately in the balance sheet with a corresponding debit or credit to retained earnings through other
comprehensive income in the period in which they occur. Re-measurements are not reclassified to statement of profit and loss in subsequent
periods.

Past service costs are recognised in statement of profit and loss on the earlier of:

- The date of the plan amendment or curtailment, and

- The date that the Company recognizes restructuring-related costs

Net interest is calculated by applying the discount rate to the net defined benefit liability or asset. The Company recognises the following
changes in the net defined benefit obligation under employee benefit expenses’ in statement of profit and loss.

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FLIPKART INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

Service costs comprising current service costs, past-service costs, gains and losses on curtailments and non-routine settlements.

All actuarial gains and losses are immediately recognized in other comprehensive income, net of taxes, if any, and permanently excluded
from statement of profit and loss.

Defined contribution plan

The Company makes contributions to the Provident Fund scheme, a defined contribution benefit scheme. These contributions are deposited
with Government administered fund and recognized as an expense in the period in which the related service is performed. There is no further
obligation on the Company on this defined contribution plan

Compensated Absences

Employee entitlements to annual leave are recognised as a liability when they accrue to the employees. The estimated liability for leave is
recognised for services rendered by employees up to the end of the reporting period.

Accumulated leave, which is expected to be utilized within the next 12 months, is treated as short-term employee benefit. The Company
measures the expected cost of such absences as the additional amount that it expects to pay as a result of the unused entitlement that has
accumulated at the reporting date.

The Company treats accumulated leave expected to be carried forward beyond twelve months, as long-term employee benefit for
measurement purposes. Such long-term compensated absences are provided for based on the actuarial valuation using the projected unit
credit method at the year-end. Actuarial gains/losses are immediately taken to the statement of profit and loss and are not deferred. The
Company presents the entire leave as a current liability in the balance sheet, since it does not have an unconditional right to defer its
settlement for 12 months after the reporting date.

Share based payments

Flipkart Limited (holding Company) operates equity compensation plans for the group entities. The Company recognizes the cost and
corresponding liability based on the advice received from Flipkart Limited. The cost of these equity-settled share based payment transactions
with employees is measured by reference to the fair value of the options using option pricing model at the date on which the options are
granted which takes into account market conditions and non-vesting conditions.

When the terms of an equity-settled award are modified, the minimum expense recognized is the grant date fair value of the unmodified
award, provided the original terms of the award are met. An additional expense, measured as at the date of modification, is recognized for
any modification that increases the total fair value of the share-based payment transaction, or is otherwise beneficial to the employee. Where
an award is cancelled by the entity or by the counterparty, any remaining element of the fair value of the award is expensed immediately
through statement of profit and loss.

No expense is recognized for awards that do not ultimately vest because non-market performance and/or service conditions have not been
met. Where awards include a market or non-vesting condition, the transactions are treated as vested irrespective of whether the market or
non-vesting condition is satisfied, provided that all other performance and/or service conditions are satisfied.

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FLIPKART INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

2.13 Leases

At the inception of a lease, the lease arrangement is classified as either a finance lease or an operating lease, based on the substance of the
lease arrangement.

Leases where the lessor retains substantially all the risks and rewards of ownership are classified as operating leases. Payments made under
the operating leases are recognized in the statement of profit and loss on a straight lining basis over the lease term.

The determination of whether an arrangement is, or contain a lease is based on the substance of the arrangement at the inception date. The
arrangement is, or contain a lease if, fulfilment of the arrangement is dependent on the use of a specific asset or assets or the arrangement
conveys a right to use of asset or assets, even if that right is not explicitly specified in the arrangement.

2.14 Revenue

Revenue is recognized to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably
measured, regardless of when the payment is made. Revenue is measured at the fair value of consideration received or receivable, taking into
account contractually defined terms of payments and excluding discounts, rebates, and taxes or duty collected on behalf of the government.
The following specific recognition criteria must also be met before revenue is recognized:

a) Sale of traded goods

Revenue from sale of goods is recognized upon the transfer of significant risk and rewards of ownership of the goods to the customer.
Revenue is not recognized to the extent where there are significant uncertainties regarding recovery of the consideration due, associated costs
or the possible return of goods. Revenues are net of Sales Tax, Value Added Tax and Goods and Service Tax (GST). The Company offers
volume discounts to certain customers based on targeted sales increase. Volume discounts are accrued and recorded as a reduction of net
sales.

b) Rendering of services

Income from sale of services

Revenue is recognized as and when services are rendered. The company collects taxes as applicable, on behalf of the government and,
therefore, it is not an economic benefit flowing to the company. Hence, it is excluded from revenue.

Interest income

Interest income is recognized using the effective interest method. Effective interest is the rate that exactly discounts the estimated future cash
receipts over the expected life of the financial instrument or a shorter period, where appropriate, to the net carrying amount of the financial
asset. Interest income is included in finance income in the statement of profit and loss.

2.15 Finance cost

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FLIPKART INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

Finance expenses comprise interest cost on borrowings. Borrowing costs that are directly attributable to a qualifying asset are capitalized as
part of cost of the asset. All other borrowing cost are expensed in the period in which they occur, using the effective interest method.

2.16 Taxes

Income tax comprises current and deferred tax. Income tax expense is recognized in the statement of profit and loss except to the extent it
relates to a business combination, or items directly recognized in equity or in OCI.

Current income tax

Current income tax for the current and prior periods are measured at the amount expected to be recovered from or paid to the taxation
authorities based on the taxable income for the period. The tax rates and tax laws used to compute the current tax amount are those that are
enacted or substantively enacted by the reporting date and applicable for the period. The Company offsets current tax assets and current tax
liabilities, where it has a legally enforceable right to set off the recognized amounts and where it intends either to settle on a net basis, or to
realize the asset and liability simultaneously.

Current income tax relating to items recognized outside profit or loss is recognized outside profit or loss (either in other comprehensive
income or equity). Current tax items are recognized in correlation to the underlying transaction either in OCI or directly in equity.
Management periodically evaluates positions taken in the tax returns with respect to situations in which applicable tax regulations are subject
to interpretation, and it establishes provisions where appropriate.

Deferred tax

Deferred income tax is recognized using the balance sheet approach. Deferred income tax assets and liabilities are recognized for deductible
and taxable temporary differences arising between the tax base of assets and liabilities and their carrying amount in financial statements,
except when the deferred income tax arises from the initial recognition of goodwill or an asset or liability in a transaction that is not a
business combination and affects neither accounting nor taxable profits or loss at the time of the transaction. Deferred income tax assets are
recognized to the extent it is probable that taxable profit will be available against which the deductible temporary differences and the carry
forward of unused tax credits and unused tax losses can be utilized.

The carrying amount of deferred income tax assets is reviewed at each reporting date and reduced to the extent that it is no longer probable
that sufficient taxable profit will be available to allow all or part of the deferred income tax asset to be utilized. Deferred income tax assets
and liabilities are measured at the tax rates that are expected to apply in the period when the asset is realized or the liability is settled, based
on tax rates (and tax laws) that have been enacted or substantively enacted at the reporting period.

Deferred tax relating to items recognized outside statement of profit and loss is recognized outside statement of profit and loss. Deferred tax
items are recognized in correlation to the underlying transaction either in other comprehensive income or directly in equity.

The Company offsets deferred income tax assets and liabilities, where it has a legally enforceable right to offset current tax assets against
current tax liabilities, and they relate to taxes levied by the same taxation authority on either the same taxable entity, or on different taxable
entities where there is an intention to settle the current tax liabilities and assets on a net basis or their tax assets and liabilities will be realized
simultaneously.

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FLIPKART INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

2.17 Contingencies

A contingent liability is:

A possible obligation that arises from past events and whose existence will be confirmed only by the occurrence or non-occurrence of one or
more uncertain future events not wholly within the control of the Company; or A present obligation that arises from past events but is not
recognized because:

(i) It is not probable that an outflow of resources embodying economic benefits will be required to settle the obligation; or

(ii) The amount of the obligation cannot be measured with sufficient reliability.

A contingent asset is a possible asset that arises from past events and whose existence will be confirmed only by the occurrence or
non-occurrence of one or more uncertain future events not wholly within the control of the Company.

Contingent liabilities and assets are not recognized on the balance sheet of the Company, except for contingent liabilities assumed in a
business combination that are present obligations arising from past events and which the fair values can be reliably determined.

2.18 Earnings per share

Basic earnings per share is computed by dividing the profit/(loss) attributable to ordinary equity holders of the Company by weighted
average number of equity shares outstanding during the period adjusted for treasury shares held, if any. Diluted earnings per share is
computed by dividing the profit/(loss) attributable to ordinary equity holders of the Company using the weighted-average number of equity
shares considered for deriving basic earnings per share and weighted average number of dilutive equivalent shares outstanding during the
period, except where the results would be anti-dilutive. Dilutive potential shares are deemed converted at the beginning of the period, unless
issued at later date.

2.19 Segment Reporting

The Company primarily engages in wholesale trading of mobile, television, laptop, tablet, mobile accessory, footwear and clothing. The
Company does not distinguish revenues, costs and expenses between different businesses in its internal reporting, and reports costs and
expenses by nature as a whole. The Board of Directors reviews the results when making decisions about allocating resources and assessing
performance of the Company as a whole and hence, the Company has only one reportable segment. The Company operates and manages its
business as a single segment mainly through the sale of products through the internet. As the Company's long-lived assets are all located in
India and most of the Company's revenues are derived from India, no geographical information is presented.

2.20 Fair value measurement

A number of financial instruments are measured at fair value as of each reporting date after initial recognition. Fair value is the price that
would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date.
The fair value of an asset or a liability is measured using the assumptions that market participants would use when pricing the asset or
liability, assuming that market participants act in their economic best interest by using quoted market rates, discounted cash flow analyses
and other appropriate valuation models. The Company uses valuation techniques that are appropriate in the circumstances and for which
sufficient data is available to measure fair value, maximizing the use of relevant observable inputs and minimizing the use of unobservable
inputs. All assets and liabilities for which fair values are being measured or disclosed in the financial statements are categorized within the
fair value hierarchy, described as follows:

• Level 1– This level of hierarchy includes financial assets that are measured by reference to quoted prices (unadjusted) in active markets for

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FLIPKART INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

identical assets or liabilities.

• Level 2 – This level of hierarchy includes financial assets and liabilities, measured using inputs other than quoted prices included within
Level 1 that are observable for the asset or liability, either directly (i.e., as prices) or indirectly (i.e., derived from prices); and

• Level 3 – This level of hierarchy includes financial assets and liabilities measured using inputs that are not based on observable market data
(unobservable inputs). Fair values are determined in whole or in part, using a valuation model based on assumptions that are neither
supported by prices from observable current market transactions in the same instrument nor are they based on available market data.

2.21 Cash flow statements

Cash flows are reported using the indirect method, whereby profit/(loss) for the period is adjusted for the effects of transactions of a non-cash
nature, any deferrals or accruals of past or future operating cash receipts or payments and item of income or expenses associated with
investing or financing cash flows. The cash flows from operating, investing and financing activities of the Company are segregated.

As per the amendment to IND AS 7, applicable with effect from April 1, 2017, the Company provides disclosures that enable users of
financial statements to evaluate changes in liabilities arising from financing activities, including both changes arising from cash flows and
non-cash changes, suggesting inclusion of a reconciliation between the opening and closing balances in the balance sheet for liabilities
arising from financing activities, to meet the disclosure requirement. The company has provided the information for the current year in Note
12.

3.1 Standards Issued but not yet effective

The standards/amendments issued, but not yet effective up the date of issuance of the Company's financial statements are disclosed below:

IND AS 115 Revenue from contracts with customers

IND AS 115 was notified on March 28, 2018 and establishes a five-step model to account for revenue arising from contracts with customers.
Under IND AS 115 revenue is recognised at an amount that reflects the consideration to which an entity expects to be entitled in exchange
for transferring goods or services to a customer.

The new revenue standard will supersede all current revenue recognition requirement under IND AS. The standard requires the use of either a
full retrospective application or a modified retrospective application and is effective for annual periods beginning on or after April 1, 2018.
Early adoption is permitted. The Company has performed an assessment of IND AS 115, and expects that the adoption of IND AS 115 will
not have a material impact on the financial statements.

IND AS 116 Leases

IND AS 116 was issued in July 2017 on Leases and will replace the existing leases Standard, IND AS 17 Leases, and related Interpretations.
The Standard sets out the principles for the recognition, measurement, presentation and disclosure of lease for both parties to a contract i.e.
the lessee and the lessor. IND AS 116 introduces a single lessee accounting model and requires a lessee to recognise assets and liabilities for
all leases with a term of more than 12 months, unless the underlying asset is of low value. The Standard also contains enhanced disclosure
requirements for lessees. The effective date for adoption of IND AS 116 is annual periods beginning on or after April 1, 2019 though early
adoption is permitted for companies applying IND AS 115. The Company is currently assessing the impact of adopting IND AS 116 on the
Company's financial statements.

Ind AS 12 Recognition of Deferred Tax Assets for Unrealised Losses

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FLIPKART INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

The amendments clarify that an entity needs to consider whether tax law restricts the sources of taxable profits against which it may make
deductions on the reversal of that deductible temporary difference. Furthermore, the amendments provide guidance on how an entity should
determine future taxable profits and explain the circumstances in which taxable profit may include the recovery of some assets for more than
their carrying amount.

Entities are required to apply the amendments retrospectively. However, on initial application of the amendments, the change in the opening
equity of the earliest comparative period may be recognised in opening retained earnings (or in another component of equity, as appropriate),
without allocating the change between opening retained earnings and other components of equity. Entities applying this relief must disclose
that fact.

These amendments are effective for annual periods beginning on or after April 1, 2018. These amendments are not expected to have any
impact on the Company as the Company has no deductible temporary differences or assets that are in the scope of the amendments.

Appendix B to Ind AS 21 Foreign Currency Transactions and Advance Consideration

The Appendix clarifies that, in determining the spot exchange rate to use on initial recognition of the related asset, expense or income (or part
of it) on the derecognition of a non-monetary asset or non-monetary liability relating to advance consideration, the date of the transaction is
the date on which an entity initially recognises the non-monetary asset or non-monetary liability arising from the advance consideration. If
there are multiple payments or receipts in advance, then the entity must determine the transaction date for each payment or receipt of advance
consideration.

Entities may apply the Appendix requirements on a fully retrospective basis. Alternatively, an entity may apply these requirements
prospectively to all assets, expenses and income in its scope that are initially recognised on or after:

(i) The beginning of the reporting period in which the entity first applies the Appendix, or

(ii) The beginning of a prior reporting period presented as comparative information in the financial statements of the reporting period in
which the entity first applies the Appendix.

The Appendix is effective for annual periods beginning on or after April 1, 2018. However, since the Company’s current practice is in line
with the Interpretation, the Company does not expect any effect on its financial statements.

3.2 Significant accounting estimates and judgements

The preparation of the Company's financial statements in conformity with IND AS requires management to make judgements, estimates and
assumptions that affect the reported amounts of revenues, expenses, assets and liabilities, and the accompanying disclosures, and the
disclosure of contingent liabilities at the reporting period. Actual results may differ from those estimates.

Estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognized in the period in
which the estimates are revised if the revision affects only that period or in the period of the revision and future periods if the revision affects
both current and future periods. In particular, information about significant areas of estimation, uncertainty and critical judgments in applying
accounting policies that have the most significant effect on the amounts recognized in the financial statements are included in the following
notes:

3.2 Significant accounting estimates and judgements (continued)

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FLIPKART INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

(a) Useful lives of property, plant and equipment

The cost of property, plant and equipment is depreciated on a straight-line basis over the property, plant and equipment’s estimated economic
useful lives. Management estimates the useful lives of these property, plant and equipment to be within 3 to 5 years. These are common life
expectancies applied in the industry. Changes in the expected level of usage and technological developments could impact the economic
useful lives and the residual values of these assets, therefore, future depreciation charges could be revised. The carrying amount of the
Company’s property, plant and equipment at the end of the reporting period is disclosed in Note 4 to financial statements.

(b) Impairment of intangible assets

The recoverable amounts of the cash generating units which goodwill has been allocated to have been determined based on value in use
calculations. The value in use calculations are based on a discounted cash flow models. The recoverable amount is most sensitive to the
discount rate used for the discounted cash flow model as well as the expected future cash inflows and the growth rate used for extrapolation
purposes.

(c) Impairment of non-financial assets

Impairment exists when the carrying value of an asset or cash generating unit exceeds its recoverable amount, which is the higher of its fair
value less costs to sell and its value in use. The fair value less costs to sell calculation is based on available data from binding sales
transactions in an arm’s length transaction of similar assets or observable market prices less incremental costs for disposing the asset. The
value in use calculation is based on a discounted cash flow model. The cash flows are derived from the budget for the next five years and do
not include restructuring activities that the Company is not yet committed to or significant future investments that will enhance the asset’s
performance of the cash generating unit being tested. The recoverable amount is most sensitive to the discount rate used for the discounted
cash flow model as well as the expected future cash inflows and the growth rate used for extrapolation purposes.

(d) Employees benefits plan

The cost of defined benefit pensions and other postretirement plans as well as the present value of the pension obligation are determined
using actuarial valuations. The actuarial valuation involves making various assumptions. These include the determination of the discount
rates, expected rates of return of assets, future salary increase, mortality rates and future pension increases. Due to the complexity of the
valuation, the underlying assumptions, defined benefit obligations are highly sensitive to changes in these assumptions

(e) Allowance for Inventory obsolescence

Allowance for inventory obsolescence is estimated based on the best available facts and circumstances, including but not limited to, the
inventories’ own physical conditions, their market selling prices, and estimated costs to be incurred for their sales. The allowances are
re-evaluated and adjusted as additional information received affects the amount estimated.

(f) Income Taxes

The Company has exposure to income taxes in Indian jurisdiction. Deferred tax assets are recognized for all unused tax losses to the extent
that it is probable that taxable profit will be available against which the losses can be utilized. Significant managements judgment is required
to determine the amount of deferred tax assets that can be recognized, based upon the likely timing and level of future taxable profits together
with future tax planning strategies

Considering the cumulative tax positions and considering the loss for the year, the Company has not recognized deferred tax assets on the
losses.

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FLIPKART INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

(g) Business combinations

In our accounting for business combinations, judgment is required in determining whether an intangible asset is identifiable, and should be
recorded separately from goodwill. Additionally, estimating the acquisition date fair values of the identifiable assets acquired and liabilities
assumed involves considerable management judgment. These measurements are based on information available at the acquisition date and
are based on expectations and assumptions that have been deemed reasonable by management. Changes in these judgments, estimates, and
assumptions can materially affect the results of operations

(h) Expected credit losses on financial assets

On application of IND AS 109, the impairment provisions of financial assets are based on assumptions about risk of default and expected
timing of collection. The Company uses judgment in making these assumptions and selecting the inputs to the impairment calculation, based
on the Company's past history, customer’s credit-worthiness, existing market conditions as well as forward looking estimates at the end of
each reporting period.

(i) Other estimates

The preparation of financial statements involves estimates and assumptions that affect the reported amount of assets, liabilities, disclosure of
contingent liabilities at the date of financial statements and the reported amount of revenues and expenses for the reporting period.
Specifically, the Company estimates the un-collectability of accounts receivable by analyzing historical payment patterns, customer
concentrations, customer credit-worthiness and current economic trends. If the financial condition of a customer deteriorates, additional
allowances may be required.

[610200] Notes - Corporate information and statement of IndAs compliance

Unless otherwise specified, all monetary values are in Millions of INR
01/04/2017 01/04/2016
to to
31/03/2018 31/03/2017
Disclosure of corporate information notes and other explanatory information
[TextBlock]
As per notes to As per notes to
Statement of Ind AS compliance [TextBlock] Financial statements Financial Statements
Whether there is any departure from Ind AS No No
Whether there are reclassifications to comparative amounts No No
Textual information (5)
Disclosure of significant accounting policies [TextBlock] [See below]

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FLIPKART INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

Textual information (5)

Disclosure of significant accounting policies [Text Block]

1. Corporate information

Flipkart India Private Limited (herein after referred to as "the Company") was incorporated on September 19, 2011 as a private limited
Company under the Companies Act, 1956. The registered office of the Company is located at Vaishnavi Summit, Ground Floor, 7th Main, 80
Feet Road, 3rd Block, Koramangala Industrial Layout, Bangalore, India. The Company is involved in the business of 'Cash and Carry
Trading/Wholesale Trading' within the meaning of Schedule I of the Foreign Exchange Management (Transfer or Issue of Security by a
Person Resident Outside India) Regulations, 2000 ("FDI Policy"). The Company is engaged in wholesale distribution of mobile, television,
laptop, tablet, mobile accessory, footwear and clothing.

The financial statements were authorised for issue in accordance with a resolution of the directors on May 3, 2018.

2. Summary of Significant Accounting Policies

2.1 Basis of preparation

The financial statements have been prepared in accordance with Indian Accounting Standards (IND AS) under the historical cost convention
on the accrual basis, except for certain financial assets and liabilities measured at fair value (refer accounting policy regarding financial
instruments) and the provisions of the Companies Act, 2013 (""Act"") (to the extent notified). The IND AS are prescribed under Section 133
of the Act read with Rule 3 of the Companies (Indian Accounting Standards) Rules, 2015, as amended by the Companies (Indian Accounting
Standards) (Amendment) Rules, 2016 and Companies (Indian Accounting Standards) (Amendment) Rules, 2017.

The financial statements are presented in Indian Rupees (INR or Rs.) and all values in the tables are reported in millions of Indian rupees
(Rupees in millions ('Mn')) upto two decimal place except share data, unless otherwise stated. Certain notes and disclosures in the financials
has been represented as Zero (""0""), where the absolute amount is below the rounding off norms adopted by the Company.

Accounting policies have been consistently applied except where a newly issued accounting standard is initially adopted or a revision to an
existing accounting standard requires a change in the accounting policy hitherto in use.

2.2 Business Combination

Business combinations are accounted for by applying the acquisition method as at the date of acquisition, which is the date on which control
is transferred to the Company. Identifiable assets acquired and liabilities assumed in a business combination are measured initially at their
fair values at the acquisition date. When the Company acquires a business, it assess the financial assets and liabilities assumed for appropriate
classification and designation. In accordance with contractual terms, economic circumstances and pertinent conditions as at acquisition date.
The excess of the cost of acquisition over the interest in the fair value of the identifiable net assets acquired and attributable to the owners of
the Company is recorded as goodwill. The cost of an acquisition is measured as the aggregate of the consideration transferred, which is
measured at the acquisition date fair value and the amount of a non-controlling interest in the acquire. Transaction costs incurred in
connection with a business acquisition are expensed as and when incurred. If the fair value of the net assets acquired is in excess of the
aggregate consideration transferred, then the gain is recognized in other comprehensive income (OCI) and accumulated in equity as capital
reserve.

Any contingent consideration payable is measured at fair value at the acquisition date. Subsequent changes in the fair value of contingent
consideration are recognized in statement of profit or loss. Contingent consideration that is classified as equity is not remeasured and

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FLIPKART INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

subsequent settlement is accounted for within equity.

Business combinations involving entities or businesses under common control shall be accounted for using the pooling of interest method.

2.3 Functional and Foreign currency

Functional and presentation currency

Management has determined the currency of the primary economic environment in which the entity resides in and operates as the functional
currency. The functional currency of the Company is Indian Rupees (INR). The financial statements have been presented in INR, as it best
represents the operating business performance and underlying transactions.

Transactions and balances

Transactions in foreign currencies are measured in the functional currency of the Company and are recorded on initial recognition in the
functional currency at exchange rates prevailing at the transaction dates. Monetary assets and liabilities denominated in foreign currencies are
translated at the rate of exchange ruling at the end of the reporting period.

Differences arising on settlement or translation of monetary items are recognized in the statement of profit and loss.

Non-monetary items that are measured in historical cost in a foreign currency are translated using the exchange rates as at the dates of the
initial transactions. Non-monetary items measured at fair value in a foreign currency are translated using the exchange rates at the date when
the fair value was determined. The gain or loss arising on translation of non-monetary items measured at fair value is treated in line with the
recognition of the gain or loss on the change in fair value of the item (i.e., translation differences on items whose fair value gain or loss is
recognized in Other Comprehensive Income (OCI) or statement of profit and loss are also recognized in OCI or statement of profit and loss,
respectively).

2.4 Property, plant and equipment

(a) Recognition and measurement

All items of property, plant and equipment are initially measured at cost and subsequently it is measured at cost less accumulated
depreciation and impairment losses, if any. Costs include expenditures directly attributable to acquisition of assets. The cost of an item of
property, plant and equipment is recognized as an asset, if and only if, it is probable that future economic benefits associated with the item
will flow to the Company and the cost of the item can be measured reliably. When significant parts of property, plant and equipment are
required to be replaced in intervals, the Company recognizes such parts as individual assets with specific useful lives and depreciation,
respectively. Any subsequent cost incurred is recognized in the carrying amount of the plant and equipment as a replacement if the
recognition criteria are satisfied. All other repair and maintenance costs are recognized in statement of profit and loss as incurred.

(b) Depreciation

The Company depreciates property, plant and equipment over the estimated useful life on a straight-line basis from the date the assets are
available for use. Leasehold improvements are amortized over the estimated useful life or the lease period, whichever is lower.

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FLIPKART INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

Depreciation is not recorded on capital work-in-progress until construction and installation are complete and the asset is ready for its intended
use.

The residual value, estimated useful life and method of depreciation of property, plant and equipment are reviewed at each financial year and
adjusted prospectively, if appropriate. The estimated useful lives of assets are as follows:

Category of assets Estimated useful life

Computers 3 years

Computer Servers (included under " Computers") 5 years

Furniture and fixtures 5 years

Office equipment 5 years

Electrical installations and equipment 5 years

Plant and Machinery 5 years

2.4 Property, plant and equipment

The Company, based on technical assessment made by technical expert and management estimate, depreciates the certain items of plant and
equipment over estimated useful lives which are different from the useful life prescribed in Schedule II to the Companies Act, 2013. The
management believes that these estimated useful lives are realistic and reflect fair approximation of the period over which the assets are
likely to be used.

The carrying values of property, plant and equipment are reviewed for impairment when events or changes in circumstances indicate that the
carrying value may not be recoverable.

An item of plant and equipment is derecognized upon disposal or when no future economic benefits are expected from its use or disposal.
Any gain or loss on de-recognition of the asset is included in the statement of profit and loss in the year the asset is derecognized.

2.5 Goodwill and Intangible assets

Goodwill

Goodwill represents the excess of the purchase price over the fair value of the identifiable assets and liabilities acquired in a business

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FLIPKART INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

combination. If the excess is negative, a bargain purchase gain is recognized immediately in OCI and accumulated in equity as capital
reserve.

Goodwill is tested for impairment at least annually and when events occur or changes in circumstances indicate that the recoverable amount
of the cash generating unit is less than its carrying value. The goodwill impairment test is performed at the level of cash-generating unit or
groups of cash-generating units which represent the lowest level at which goodwill is monitored for internal management purposes.

Where the recoverable amount of the cash-generating unit is less than the carrying amount, an impairment loss is recognized in statement of
profit and loss. Impairment losses recognized for goodwill are not reversed in subsequent periods.

Intangible assets

Intangible assets acquired separately are measured on initial recognition at cost. Intangible assets acquired in business combination are
measured at fair value as at the date of acquisition. Following initial recognition, intangible assets are carried at cost less any accumulated
amortization and impairment losses, if any. Internally generated intangible assets, excluding capitalized development costs, are not
capitalized and expenditure is recognized in the statement of profit and loss when it is incurred.

Subsequent expenditures are capitalized only when they increase the future economic benefits embodied in the specific asset to which they
relate.

Intangible assets with indefinite useful lives or not yet available are not amortized, but instead tested for impairment annually. Intangible
assets with finite lives are amortized over the estimated useful life. The amortization period and the amortization method for an intangible
asset with a finite useful life are reviewed at least at the end of each reporting period. The amortization expense on intangible assets with
finite lives is recognized in the statement of profit or loss in the expense category consistent with the nature of the intangible assets.

Gains or losses arising from de-recognition of an intangible asset are measured as the difference between the net disposal proceeds and the
carrying amount of the asset and are recognized in the statement of profit or loss when the asset is derecognized.

The useful lives of the intangible assets assessed by the management are as follows and these amortized on a straight line basis over the
period of the assets:

Category of assets Estimated useful life

Computer software 1-3 years

2.6 Inventories

Inventories are stated at the lower of cost or net realizable value. Costs include purchase costs and other costs incurred in bringing the
inventories to their present location and condition. Inventories are primarily accounted for using first-in first-out basis.

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FLIPKART INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

Net realizable value is the estimated selling price in the ordinary course of business, less estimated costs necessary to make the sale.

Where necessary, allowance is provided for damaged, obsolete and slow moving items to adjust the carrying value of inventories to the lower
of cost and net realizable value.

2.7 Financial Instruments

A financial instrument is any contract that gives rise to a financial asset of one entity and a financial liability or equity instrument of another
entity. Financial instruments in the form of financial assets and financial liabilities are generally presented separately. Financial instruments
are recognized on the balance sheet when the Company becomes a party to the contractual provisions of the instrument.

Upon initial recognition, financial instruments are measured at fair value. Transaction costs directly attributable to the acquisition or issue of
financial instruments are recognized in determining the carrying amount, if it is not classified as at fair value through profit or loss.
Subsequently, financial instruments are measured according to the category in which they are classified.

Financial assets are classified into following categories:

- Financial assets carried at amortized cost

- Financial assets fair valued through other comprehensive income (FVTOCI)

- Financial assets at fair value through profit or loss (FVTPL)

Financial liabilities are classified into financial liabilities at fair value through profit or loss and other financial liabilities.

Financial assets

Financial assets primarily comprise of trade receivables, loan and receivables, cash and bank balances and marketable securities and
investments.

Subsequent measurement

The subsequent measurement of financial assets depends on their classification as follows:

Financial assets carried at amortized cost

A financial asset is subsequently measured at amortized cost if it meets both the following criteria:

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FLIPKART INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

(i) the asset is held within a business model whose objective is to hold the asset to collect contractual cash flows, and

(ii) the contractual terms of the financial assets give rise on a specified date to cash flows that are solely payments of principal and interest on
the principal outstanding.

Financial assets at fair value through other comprehensive income (FVTOCI):

A financial asset is subsequently measured at fair value through other comprehensive income if it meets both the following criteria:

(i) the asset is held within a business model whose objective is achieved by both collecting contractual cash flows and selling financial assets,
and

(ii) the contractual terms of the financial asset give rise on specified dates to cash flows that are solely payments of principal and interest on
the principal amount outstanding.

Further, in cases where the Company has made an irrevocable election based on its business model, for its investments which are classified as
equity instruments, the subsequent changes in fair value are recognized in other comprehensive income. For Financial assets at FVTOCI, all
fair value changes in the instruments excluding dividends, are recognized in OCI and is never recycled to statement of profit or loss, even on
sale of the instrument. Interest income earned on FVTOCI instruments are recognized in statement of profit or loss.

2.7 Financial Instruments (continued)

Financial assets at fair value through profit or loss (FVTPL) :

A financial asset which does not meet the amortized cost or FVTOCI criteria is measured as FVTPL. Financial assets at FVTPL are
measured at fair value at the end of each reporting period, with any gains or losses on re-measurement recognized in statement of profit or
loss. The gain or loss on disposal is recognized in statement of profit or loss. Interest income earned on FVTPL instruments are recognized in
statement of profit or loss.

Financial liabilities:

Financial liabilities primarily include trade payables, borrowings, derivative financial liabilities and other liabilities.

Financial liabilities measured at amortized cost

After initial recognition, financial liabilities are subsequently measured at amortized cost using the effective interest method, except for
contingent considerations recognized in a business combination which is subsequently measured at FVTPL. For trade and other payables, the
carrying amounts approximate fair value due to the short term maturity of these instruments.

Compound financial instruments

Compound financial instruments have both a financial liability and an equity component from the issuer’s perspective. The components are
defined based on the terms of the financial instrument and presented and measured separately according to their substance. At initial
recognition of a compound financial instrument, the financial liability component is recognized at fair value and the residual amount is

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FLIPKART INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

allocated to equity.

Derivative financial instruments

All derivatives are recognized initially at fair value on the date a derivative contract is entered into and subsequently re-measured at fair
value. Embedded derivatives are separated from the host contract and accounted for separately if they are not closely related to the host
contract. The Company measures all derivative financial instruments based on fair values derived from market prices of the instruments or
from option pricing models, as appropriate. Changes in the fair value of any derivative instruments that do not qualify for hedge accounting
are recognized immediately in the statement of profit and loss, except for derivatives that are highly effective and qualify for cash flow or net
investment hedge accounting.

Financial Guarantee

A financial guarantee contract is a contract that requires the Company to make specified payments to reimburse the holder for a loss it incurs
because a specified debtor fails to make payment when due in accordance with the terms of a debt instrument.

Financial guarantee contracts are recognized initially as a liability at fair value, adjusted for transaction costs that are directly attributable to
the issuance of the guarantee. Subsequently it is measured at the higher of:

(i) the amount of the loss allowance determined in accordance Expected Credit Loss model, and

(ii) the amount initially recognized less, when appropriate, the cumulative amount of income recognized in accordance with the principles of
IND AS 18.

De-recognition of financial assets and liabilities

The Company derecognizes a financial asset only when the contractual rights to the cash flows from the asset expires or it transfers the
financial asset and substantially all the risks and rewards of ownership of the asset to another entity. If the Company neither transfers nor
retains substantially all the risks and rewards of ownership and continues to control the transferred asset, the Company recognizes its retained
interest in the asset and an associated liability for amounts it may have to pay. If the Company retains substantially all the risks and rewards
of ownership of a transferred financial asset, the Company continues to recognize the financial asset and also recognizes a collateralized
borrowing for the proceeds received.

On de-recognition of a financial asset measured at amortized cost, the difference between the asset's carrying amount and the sum of the
consideration received and receivable is recognized in the statement of profit and loss. In addition, on de-recognition of an investment in a
debt instrument classified as at FVTOCI, the cumulative gain or loss previously accumulated in the investments revaluation reserve is
reclassified to profit or loss. In contrast, on de-recognition of an investment in equity instrument which the Company has elected on initial
recognition to measure at FVTOCI, the cumulative gain or loss previously accumulated in the investments revaluation reserve is not
reclassified to profit or loss, but is transferred to retained earnings.

The Company derecognizes financial liabilities when, and only when, the Company's obligations are discharged, cancelled or they expire.
The difference between the carrying amount of the financial liability derecognized and the consideration paid and payable, including any
non-cash assets transferred or liabilities assumed, is recognized in the statement of profit and loss.

Offsetting of financial instruments

Financial assets and financial liabilities are offset with the net amount reported in the balance sheet only if there is a current enforceable legal
right to offset the recognized amounts and an intent to settle on a net basis, or to realize the assets and settle the liabilities simultaneously.

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FLIPKART INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

2.8 Impairment

Financial assets

IND AS 109 requires the Company to record expected credit losses on all of its debt securities, loans and receivables, either on a 12-month or
life time expected credit losses. The Company recognizes loss allowances using the expected credit loss (ECL) model for the financial assets
which are not fair valued through profit or loss. Loss allowance for trade receivable with no significant financing component is measured at
an amount equal to life time ECL. For all other financial assets, ECL are measured at an amount equal to 12-month ECL, unless there is a
significant increase in the credit risk from initial recognition in which case those are measured at lifetime ECL. The amount of expected
credit losses (or reversal) that is required to adjust the loss allowance at the reporting date to the amount that is required to be recognized is
recognized as an impairment gain or loss in profit or loss.

Non - financial assets

The Company assesses whether there are any indicators of impairment for all non-financial assets at each reporting date. Goodwill and
intangible assets with indefinite economic lives are tested for impairment annually and at other times when such indicators exist.

An asset's recoverable amount is the higher of an asset's or cash-generating unit's fair value less costs to sell and its value in use and is
determined for an individual asset, unless the asset does not generate cash inflows that are largely independent of those from other assets or
groups of assets. Where the carrying amount of an asset or cash-generating unit exceeds its recoverable amount, the asset is considered
impaired and is written down to its recoverable amount. In assessing value in use, the estimated future cash flows are discounted to their
present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the
asset. In determining fair value less costs to sell, recent market transactions are taken into account, if available. If no such transactions can be
identified, an appropriate valuation model is used. These calculations are corroborated by valuation multiples or other available fair value
indicators.

Other non-financial assets are tested for impairment when there are indicators that the carrying amounts may not be recoverable.

2.9 Cash and cash equivalents

Cash and cash equivalents comprise cash at banks and on hand, demand deposits, and short-term, highly liquid investments that are readily
convertible to known amount of cash and which are subject to an insignificant risk of changes in value.

For the purpose of the statement of cash flows, cash and cash equivalents consist of cash and cash equivalent, as defined above, net of
outstanding bank overdrafts as they are considered an integral part of the Company’s cash management.

2.10 Restricted Cash

Cash that is restricted as to withdrawal for use or pledged as security is reported separately under other assets, and is not included in the total
cash and cash equivalents in the statements of cash flows & cash & cash equivalents in the balance sheet. The Company’s restricted cash
mainly represents (a) the secured deposits held in designated bank accounts for which Bank Guarantee has been issued/utilized; (b) time
deposits that are pledged for outstanding short-term loan and borrowings.

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FLIPKART INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

2.11 Provisions

Provisions are recognized when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that an
outflow of resources embodying economic benefits will be required to settle the obligation and the amount of the obligation can be estimated
reliably.

The amount recognized as a provision is the best estimate of the consideration required to settle the present obligation at the end of the
reporting period, taking into account the risks and uncertainties surrounding the obligation. The expense relating to a provision is presented
in the statement of profit and loss net of any reimbursement.

If the effect of the time value of money is material, provisions are discounted using a current pre-tax rate that reflects, when appropriate, the
risks specific to the liability. When discounting is used, the increase in the provision due to the passage of time is recognized as a finance
cost. The amount recognized as a provision is the best estimate of the consideration required to settle the present obligation at the end of the
reporting period, taking into account the risks and uncertainties surrounding the obligation.

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, the receivable is
recognized as an asset, if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2.12 Employee benefits

Defined benefit plan

In accordance with applicable laws in India, the Company provides for gratuity, a defined benefit retirement plan (“the Gratuity Plan”) for
every employee who has completed 5 years or more of service on departure at 15 days salary (last drawn salary). The Gratuity Plan provides
for a lump sum payment to eligible employees at retirement, death, incapacitation or termination of employment based on last drawn salary
and tenure of employment with the Company. Liabilities with regard to the Gratuity Plan are determined by actuarial valuation on the
reporting date using projected unit credit method. The gratuity scheme is not funded.

The cost of providing benefits under the defined benefit plan is determined using the projected unit credit method. Re-measurements,
comprising of actuarial gains and losses, the effect of the asset ceiling, excluding net interest and the return on plan assets (excluding net
interest), are recognised immediately in the balance sheet with a corresponding debit or credit to retained earnings through other
comprehensive income in the period in which they occur. Re-measurements are not reclassified to statement of profit and loss in subsequent
periods.

Past service costs are recognised in statement of profit and loss on the earlier of:

- The date of the plan amendment or curtailment, and

- The date that the Company recognizes restructuring-related costs

Net interest is calculated by applying the discount rate to the net defined benefit liability or asset. The Company recognises the following
changes in the net defined benefit obligation under employee benefit expenses’ in statement of profit and loss.

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FLIPKART INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

Service costs comprising current service costs, past-service costs, gains and losses on curtailments and non-routine settlements.

All actuarial gains and losses are immediately recognized in other comprehensive income, net of taxes, if any, and permanently excluded
from statement of profit and loss.

Defined contribution plan

The Company makes contributions to the Provident Fund scheme, a defined contribution benefit scheme. These contributions are deposited
with Government administered fund and recognized as an expense in the period in which the related service is performed. There is no further
obligation on the Company on this defined contribution plan

Compensated Absences

Employee entitlements to annual leave are recognised as a liability when they accrue to the employees. The estimated liability for leave is
recognised for services rendered by employees up to the end of the reporting period.

Accumulated leave, which is expected to be utilized within the next 12 months, is treated as short-term employee benefit. The Company
measures the expected cost of such absences as the additional amount that it expects to pay as a result of the unused entitlement that has
accumulated at the reporting date.

The Company treats accumulated leave expected to be carried forward beyond twelve months, as long-term employee benefit for
measurement purposes. Such long-term compensated absences are provided for based on the actuarial valuation using the projected unit
credit method at the year-end. Actuarial gains/losses are immediately taken to the statement of profit and loss and are not deferred. The
Company presents the entire leave as a current liability in the balance sheet, since it does not have an unconditional right to defer its
settlement for 12 months after the reporting date.

Share based payments

Flipkart Limited (holding Company) operates equity compensation plans for the group entities. The Company recognizes the cost and
corresponding liability based on the advice received from Flipkart Limited. The cost of these equity-settled share based payment transactions
with employees is measured by reference to the fair value of the options using option pricing model at the date on which the options are
granted which takes into account market conditions and non-vesting conditions.

When the terms of an equity-settled award are modified, the minimum expense recognized is the grant date fair value of the unmodified
award, provided the original terms of the award are met. An additional expense, measured as at the date of modification, is recognized for
any modification that increases the total fair value of the share-based payment transaction, or is otherwise beneficial to the employee. Where
an award is cancelled by the entity or by the counterparty, any remaining element of the fair value of the award is expensed immediately
through statement of profit and loss.

No expense is recognized for awards that do not ultimately vest because non-market performance and/or service conditions have not been
met. Where awards include a market or non-vesting condition, the transactions are treated as vested irrespective of whether the market or
non-vesting condition is satisfied, provided that all other performance and/or service conditions are satisfied.

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FLIPKART INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

2.13 Leases

At the inception of a lease, the lease arrangement is classified as either a finance lease or an operating lease, based on the substance of the
lease arrangement.

Leases where the lessor retains substantially all the risks and rewards of ownership are classified as operating leases. Payments made under
the operating leases are recognized in the statement of profit and loss on a straight lining basis over the lease term.

The determination of whether an arrangement is, or contain a lease is based on the substance of the arrangement at the inception date. The
arrangement is, or contain a lease if, fulfilment of the arrangement is dependent on the use of a specific asset or assets or the arrangement
conveys a right to use of asset or assets, even if that right is not explicitly specified in the arrangement.

2.14 Revenue

Revenue is recognized to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably
measured, regardless of when the payment is made. Revenue is measured at the fair value of consideration received or receivable, taking into
account contractually defined terms of payments and excluding discounts, rebates, and taxes or duty collected on behalf of the government.
The following specific recognition criteria must also be met before revenue is recognized:

a) Sale of traded goods

Revenue from sale of goods is recognized upon the transfer of significant risk and rewards of ownership of the goods to the customer.
Revenue is not recognized to the extent where there are significant uncertainties regarding recovery of the consideration due, associated costs
or the possible return of goods. Revenues are net of Sales Tax, Value Added Tax and Goods and Service Tax (GST). The Company offers
volume discounts to certain customers based on targeted sales increase. Volume discounts are accrued and recorded as a reduction of net
sales.

b) Rendering of services

Income from sale of services

Revenue is recognized as and when services are rendered. The company collects taxes as applicable, on behalf of the government and,
therefore, it is not an economic benefit flowing to the company. Hence, it is excluded from revenue.

Interest income

Interest income is recognized using the effective interest method. Effective interest is the rate that exactly discounts the estimated future cash
receipts over the expected life of the financial instrument or a shorter period, where appropriate, to the net carrying amount of the financial
asset. Interest income is included in finance income in the statement of profit and loss.

2.15 Finance cost

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FLIPKART INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

Finance expenses comprise interest cost on borrowings. Borrowing costs that are directly attributable to a qualifying asset are capitalized as
part of cost of the asset. All other borrowing cost are expensed in the period in which they occur, using the effective interest method.

2.16 Taxes

Income tax comprises current and deferred tax. Income tax expense is recognized in the statement of profit and loss except to the extent it
relates to a business combination, or items directly recognized in equity or in OCI.

Current income tax

Current income tax for the current and prior periods are measured at the amount expected to be recovered from or paid to the taxation
authorities based on the taxable income for the period. The tax rates and tax laws used to compute the current tax amount are those that are
enacted or substantively enacted by the reporting date and applicable for the period. The Company offsets current tax assets and current tax
liabilities, where it has a legally enforceable right to set off the recognized amounts and where it intends either to settle on a net basis, or to
realize the asset and liability simultaneously.

Current income tax relating to items recognized outside profit or loss is recognized outside profit or loss (either in other comprehensive
income or equity). Current tax items are recognized in correlation to the underlying transaction either in OCI or directly in equity.
Management periodically evaluates positions taken in the tax returns with respect to situations in which applicable tax regulations are subject
to interpretation, and it establishes provisions where appropriate.

Deferred tax

Deferred income tax is recognized using the balance sheet approach. Deferred income tax assets and liabilities are recognized for deductible
and taxable temporary differences arising between the tax base of assets and liabilities and their carrying amount in financial statements,
except when the deferred income tax arises from the initial recognition of goodwill or an asset or liability in a transaction that is not a
business combination and affects neither accounting nor taxable profits or loss at the time of the transaction. Deferred income tax assets are
recognized to the extent it is probable that taxable profit will be available against which the deductible temporary differences and the carry
forward of unused tax credits and unused tax losses can be utilized.

The carrying amount of deferred income tax assets is reviewed at each reporting date and reduced to the extent that it is no longer probable
that sufficient taxable profit will be available to allow all or part of the deferred income tax asset to be utilized. Deferred income tax assets
and liabilities are measured at the tax rates that are expected to apply in the period when the asset is realized or the liability is settled, based
on tax rates (and tax laws) that have been enacted or substantively enacted at the reporting period.

Deferred tax relating to items recognized outside statement of profit and loss is recognized outside statement of profit and loss. Deferred tax
items are recognized in correlation to the underlying transaction either in other comprehensive income or directly in equity.

The Company offsets deferred income tax assets and liabilities, where it has a legally enforceable right to offset current tax assets against
current tax liabilities, and they relate to taxes levied by the same taxation authority on either the same taxable entity, or on different taxable
entities where there is an intention to settle the current tax liabilities and assets on a net basis or their tax assets and liabilities will be realized
simultaneously.

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FLIPKART INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

2.17 Contingencies

A contingent liability is:

A possible obligation that arises from past events and whose existence will be confirmed only by the occurrence or non-occurrence of one or
more uncertain future events not wholly within the control of the Company; or A present obligation that arises from past events but is not
recognized because:

(i) It is not probable that an outflow of resources embodying economic benefits will be required to settle the obligation; or

(ii) The amount of the obligation cannot be measured with sufficient reliability.

A contingent asset is a possible asset that arises from past events and whose existence will be confirmed only by the occurrence or
non-occurrence of one or more uncertain future events not wholly within the control of the Company.

Contingent liabilities and assets are not recognized on the balance sheet of the Company, except for contingent liabilities assumed in a
business combination that are present obligations arising from past events and which the fair values can be reliably determined.

2.18 Earnings per share

Basic earnings per share is computed by dividing the profit/(loss) attributable to ordinary equity holders of the Company by weighted
average number of equity shares outstanding during the period adjusted for treasury shares held, if any. Diluted earnings per share is
computed by dividing the profit/(loss) attributable to ordinary equity holders of the Company using the weighted-average number of equity
shares considered for deriving basic earnings per share and weighted average number of dilutive equivalent shares outstanding during the
period, except where the results would be anti-dilutive. Dilutive potential shares are deemed converted at the beginning of the period, unless
issued at later date.

2.19 Segment Reporting

The Company primarily engages in wholesale trading of mobile, television, laptop, tablet, mobile accessory, footwear and clothing. The
Company does not distinguish revenues, costs and expenses between different businesses in its internal reporting, and reports costs and
expenses by nature as a whole. The Board of Directors reviews the results when making decisions about allocating resources and assessing
performance of the Company as a whole and hence, the Company has only one reportable segment. The Company operates and manages its
business as a single segment mainly through the sale of products through the internet. As the Company's long-lived assets are all located in
India and most of the Company's revenues are derived from India, no geographical information is presented.

2.20 Fair value measurement

A number of financial instruments are measured at fair value as of each reporting date after initial recognition. Fair value is the price that
would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date.
The fair value of an asset or a liability is measured using the assumptions that market participants would use when pricing the asset or
liability, assuming that market participants act in their economic best interest by using quoted market rates, discounted cash flow analyses
and other appropriate valuation models. The Company uses valuation techniques that are appropriate in the circumstances and for which
sufficient data is available to measure fair value, maximizing the use of relevant observable inputs and minimizing the use of unobservable
inputs. All assets and liabilities for which fair values are being measured or disclosed in the financial statements are categorized within the
fair value hierarchy, described as follows:

• Level 1– This level of hierarchy includes financial assets that are measured by reference to quoted prices (unadjusted) in active markets for

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FLIPKART INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

identical assets or liabilities.

• Level 2 – This level of hierarchy includes financial assets and liabilities, measured using inputs other than quoted prices included within
Level 1 that are observable for the asset or liability, either directly (i.e., as prices) or indirectly (i.e., derived from prices); and

• Level 3 – This level of hierarchy includes financial assets and liabilities measured using inputs that are not based on observable market data
(unobservable inputs). Fair values are determined in whole or in part, using a valuation model based on assumptions that are neither
supported by prices from observable current market transactions in the same instrument nor are they based on available market data.

2.21 Cash flow statements

Cash flows are reported using the indirect method, whereby profit/(loss) for the period is adjusted for the effects of transactions of a non-cash
nature, any deferrals or accruals of past or future operating cash receipts or payments and item of income or expenses associated with
investing or financing cash flows. The cash flows from operating, investing and financing activities of the Company are segregated.

As per the amendment to IND AS 7, applicable with effect from April 1, 2017, the Company provides disclosures that enable users of
financial statements to evaluate changes in liabilities arising from financing activities, including both changes arising from cash flows and
non-cash changes, suggesting inclusion of a reconciliation between the opening and closing balances in the balance sheet for liabilities
arising from financing activities, to meet the disclosure requirement. The company has provided the information for the current year in Note
12.

3.1 Standards Issued but not yet effective

The standards/amendments issued, but not yet effective up the date of issuance of the Company's financial statements are disclosed below:

IND AS 115 Revenue from contracts with customers

IND AS 115 was notified on March 28, 2018 and establishes a five-step model to account for revenue arising from contracts with customers.
Under IND AS 115 revenue is recognised at an amount that reflects the consideration to which an entity expects to be entitled in exchange
for transferring goods or services to a customer.

The new revenue standard will supersede all current revenue recognition requirement under IND AS. The standard requires the use of either a
full retrospective application or a modified retrospective application and is effective for annual periods beginning on or after April 1, 2018.
Early adoption is permitted. The Company has performed an assessment of IND AS 115, and expects that the adoption of IND AS 115 will
not have a material impact on the financial statements.

IND AS 116 Leases

IND AS 116 was issued in July 2017 on Leases and will replace the existing leases Standard, IND AS 17 Leases, and related Interpretations.
The Standard sets out the principles for the recognition, measurement, presentation and disclosure of lease for both parties to a contract i.e.
the lessee and the lessor. IND AS 116 introduces a single lessee accounting model and requires a lessee to recognise assets and liabilities for
all leases with a term of more than 12 months, unless the underlying asset is of low value. The Standard also contains enhanced disclosure
requirements for lessees. The effective date for adoption of IND AS 116 is annual periods beginning on or after April 1, 2019 though early
adoption is permitted for companies applying IND AS 115. The Company is currently assessing the impact of adopting IND AS 116 on the
Company's financial statements.

Ind AS 12 Recognition of Deferred Tax Assets for Unrealised Losses

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FLIPKART INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

The amendments clarify that an entity needs to consider whether tax law restricts the sources of taxable profits against which it may make
deductions on the reversal of that deductible temporary difference. Furthermore, the amendments provide guidance on how an entity should
determine future taxable profits and explain the circumstances in which taxable profit may include the recovery of some assets for more than
their carrying amount.

Entities are required to apply the amendments retrospectively. However, on initial application of the amendments, the change in the opening
equity of the earliest comparative period may be recognised in opening retained earnings (or in another component of equity, as appropriate),
without allocating the change between opening retained earnings and other components of equity. Entities applying this relief must disclose
that fact.

These amendments are effective for annual periods beginning on or after April 1, 2018. These amendments are not expected to have any
impact on the Company as the Company has no deductible temporary differences or assets that are in the scope of the amendments.

Appendix B to Ind AS 21 Foreign Currency Transactions and Advance Consideration

The Appendix clarifies that, in determining the spot exchange rate to use on initial recognition of the related asset, expense or income (or part
of it) on the derecognition of a non-monetary asset or non-monetary liability relating to advance consideration, the date of the transaction is
the date on which an entity initially recognises the non-monetary asset or non-monetary liability arising from the advance consideration. If
there are multiple payments or receipts in advance, then the entity must determine the transaction date for each payment or receipt of advance
consideration.

Entities may apply the Appendix requirements on a fully retrospective basis. Alternatively, an entity may apply these requirements
prospectively to all assets, expenses and income in its scope that are initially recognised on or after:

(i) The beginning of the reporting period in which the entity first applies the Appendix, or

(ii) The beginning of a prior reporting period presented as comparative information in the financial statements of the reporting period in
which the entity first applies the Appendix.

The Appendix is effective for annual periods beginning on or after April 1, 2018. However, since the Company’s current practice is in line
with the Interpretation, the Company does not expect any effect on its financial statements.

3.2 Significant accounting estimates and judgements

The preparation of the Company's financial statements in conformity with IND AS requires management to make judgements, estimates and
assumptions that affect the reported amounts of revenues, expenses, assets and liabilities, and the accompanying disclosures, and the
disclosure of contingent liabilities at the reporting period. Actual results may differ from those estimates.

Estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognized in the period in
which the estimates are revised if the revision affects only that period or in the period of the revision and future periods if the revision affects
both current and future periods. In particular, information about significant areas of estimation, uncertainty and critical judgments in applying
accounting policies that have the most significant effect on the amounts recognized in the financial statements are included in the following
notes:

3.2 Significant accounting estimates and judgements (continued)

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FLIPKART INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

(a) Useful lives of property, plant and equipment

The cost of property, plant and equipment is depreciated on a straight-line basis over the property, plant and equipment’s estimated economic
useful lives. Management estimates the useful lives of these property, plant and equipment to be within 3 to 5 years. These are common life
expectancies applied in the industry. Changes in the expected level of usage and technological developments could impact the economic
useful lives and the residual values of these assets, therefore, future depreciation charges could be revised. The carrying amount of the
Company’s property, plant and equipment at the end of the reporting period is disclosed in Note 4 to financial statements.

(b) Impairment of intangible assets

The recoverable amounts of the cash generating units which goodwill has been allocated to have been determined based on value in use
calculations. The value in use calculations are based on a discounted cash flow models. The recoverable amount is most sensitive to the
discount rate used for the discounted cash flow model as well as the expected future cash inflows and the growth rate used for extrapolation
purposes.

(c) Impairment of non-financial assets

Impairment exists when the carrying value of an asset or cash generating unit exceeds its recoverable amount, which is the higher of its fair
value less costs to sell and its value in use. The fair value less costs to sell calculation is based on available data from binding sales
transactions in an arm’s length transaction of similar assets or observable market prices less incremental costs for disposing the asset. The
value in use calculation is based on a discounted cash flow model. The cash flows are derived from the budget for the next five years and do
not include restructuring activities that the Company is not yet committed to or significant future investments that will enhance the asset’s
performance of the cash generating unit being tested. The recoverable amount is most sensitive to the discount rate used for the discounted
cash flow model as well as the expected future cash inflows and the growth rate used for extrapolation purposes.

(d) Employees benefits plan

The cost of defined benefit pensions and other postretirement plans as well as the present value of the pension obligation are determined
using actuarial valuations. The actuarial valuation involves making various assumptions. These include the determination of the discount
rates, expected rates of return of assets, future salary increase, mortality rates and future pension increases. Due to the complexity of the
valuation, the underlying assumptions, defined benefit obligations are highly sensitive to changes in these assumptions

(e) Allowance for Inventory obsolescence

Allowance for inventory obsolescence is estimated based on the best available facts and circumstances, including but not limited to, the
inventories’ own physical conditions, their market selling prices, and estimated costs to be incurred for their sales. The allowances are
re-evaluated and adjusted as additional information received affects the amount estimated.

(f) Income Taxes

The Company has exposure to income taxes in Indian jurisdiction. Deferred tax assets are recognized for all unused tax losses to the extent
that it is probable that taxable profit will be available against which the losses can be utilized. Significant managements judgment is required
to determine the amount of deferred tax assets that can be recognized, based upon the likely timing and level of future taxable profits together
with future tax planning strategies

Considering the cumulative tax positions and considering the loss for the year, the Company has not recognized deferred tax assets on the
losses.

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FLIPKART INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

(g) Business combinations

In our accounting for business combinations, judgment is required in determining whether an intangible asset is identifiable, and should be
recorded separately from goodwill. Additionally, estimating the acquisition date fair values of the identifiable assets acquired and liabilities
assumed involves considerable management judgment. These measurements are based on information available at the acquisition date and
are based on expectations and assumptions that have been deemed reasonable by management. Changes in these judgments, estimates, and
assumptions can materially affect the results of operations

(h) Expected credit losses on financial assets

On application of IND AS 109, the impairment provisions of financial assets are based on assumptions about risk of default and expected
timing of collection. The Company uses judgment in making these assumptions and selecting the inputs to the impairment calculation, based
on the Company's past history, customer’s credit-worthiness, existing market conditions as well as forward looking estimates at the end of
each reporting period.

(i) Other estimates

The preparation of financial statements involves estimates and assumptions that affect the reported amount of assets, liabilities, disclosure of
contingent liabilities at the date of financial statements and the reported amount of revenues and expenses for the reporting period.
Specifically, the Company estimates the un-collectability of accounts receivable by analyzing historical payment patterns, customer
concentrations, customer credit-worthiness and current economic trends. If the financial condition of a customer deteriorates, additional
allowances may be required.

[610300] Notes - Accounting policies, changes in accounting estimates and errors

Unless otherwise specified, all monetary values are in Millions of INR
01/04/2017 01/04/2016
to to
31/03/2018 31/03/2017
Disclosure of changes in accounting policies, accounting estimates and errors
[TextBlock]
Disclosure of initial application of standards or interpretations
[TextBlock]
Whether initial application of an Ind AS has an effect on the
No No
current period or any prior period
Disclosure of voluntary change in accounting policy [TextBlock]
Whether there is any voluntary change in accounting policy No No
Disclosure of changes in accounting estimates [TextBlock]
Whether there are changes in acounting estimates during the year No No

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FLIPKART INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

[400600] Notes - Property, plant and equipment

Disclosure of additional information about property plant and equipment [Table] ..(1)
Unless otherwise specified, all monetary values are in Millions of INR
Property, plant and equipment
Classes of property, plant and equipment [Axis] Other plant and equipment [Member]
[Member]
Sub classes of property, plant and equipment [Axis] Owned assets [Member] Owned assets [Member]
01/04/2017 01/04/2016 01/04/2017 01/04/2016
to to to to
31/03/2018 31/03/2017 31/03/2018 31/03/2017
Disclosure of additional information about
property plant and equipment [Abstract]
Disclosure of additional information about
property plant and equipment [Line items]
Depreciation method, property, plant and As mentioned in As mentioned in
straight-line basis straight-line basis
equipment respective heads respective heads
Useful lives or depreciation rates, property, As mentioned in As mentioned in
5 years 5 years
plant and equipment respective heads respective heads
Whether property, plant and equipment are
No No No No
stated at revalued amount

Disclosure of additional information about property plant and equipment [Table] ..(2)
Unless otherwise specified, all monetary values are in Millions of INR
Classes of property, plant and equipment [Axis] Furniture and fixtures [Member] Computer equipments [Member]
Sub classes of property, plant and equipment [Axis] Owned assets [Member] Owned assets [Member]
01/04/2017 01/04/2016 01/04/2017 01/04/2016
to to to to
31/03/2018 31/03/2017 31/03/2018 31/03/2017
Disclosure of additional information about
property plant and equipment [Abstract]
Disclosure of additional information about
property plant and equipment [Line items]
Depreciation method, property, plant and
straight-line basis straight-line basis straight-line basis straight-line basis
equipment
Useful lives or depreciation rates, property,
5 years 5 years 3 Years 3 Years
plant and equipment
Whether property, plant and equipment are
No No No No
stated at revalued amount

Disclosure of additional information about property plant and equipment [Table] ..(3)
Unless otherwise specified, all monetary values are in Millions of INR
Other property, plant and equipment
Classes of property, plant and equipment [Axis] Leasehold improvements [Member]
[Member]
Sub classes of property, plant and equipment [Axis] Owned assets [Member] Owned assets [Member]
01/04/2017 01/04/2016 01/04/2017 01/04/2016
to to to to
31/03/2018 31/03/2017 31/03/2018 31/03/2017
Disclosure of additional information about
property plant and equipment [Abstract]
Disclosure of additional information about
property plant and equipment [Line items]
amortized over the amortized over the
Depreciation method, property, plant and estimated useful life estimated useful life
straight-line basis straight-line basis
equipment or the lease period, or the lease period,
whichever is lower whichever is lower
Useful lives or depreciation rates, property, As mentioned in As mentioned in
estimated useful life estimated useful life
plant and equipment respective colums respective colums
Whether property, plant and equipment are
No No No No
stated at revalued amount

100
FLIPKART INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

Disclosure of additional information about property plant and equipment [Table] ..(4)
Unless otherwise specified, all monetary values are in Millions of INR
Other property, plant and equipment,
Classes of property, plant and equipment [Axis]
others [Member]
Sub classes of property, plant and equipment [Axis] Owned assets [Member]
01/04/2017 01/04/2016
to to
31/03/2018 31/03/2017
Disclosure of additional information about property plant and equipment [Abstract]
Disclosure of additional information about property plant and equipment [Line items]
Depreciation method, property, plant and equipment straight-line basis straight-line basis
Useful lives or depreciation rates, property, plant and equipment 5 years 5 years
Whether property, plant and equipment are stated at revalued amount No No

101
FLIPKART INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

Disclosure of detailed information about property, plant and equipment [Table] ..(1)
Unless otherwise specified, all monetary values are in Millions of INR
Classes of property, plant and equipment [Axis] Property, plant and equipment [Member]
Sub classes of property, plant and equipment [Axis] Owned and leased assets [Member]
Carrying amount accumulated depreciation and gross carrying Gross carrying
Carrying amount [Member]
amount [Axis] amount [Member]
01/04/2017 01/04/2016 01/04/2017
to to 31/03/2016 to
31/03/2018 31/03/2017 31/03/2018
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 375.28 172.69 375.28
equipment
Acquisitions through business
combinations, property, plant and 0 0 0
equipment
Increase (decrease) through net
exchange differences, property, 0 0 0
plant and equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
-621.52 -528.76
loss
Depreciation recognised as part of
0 0
cost of other assets
Total Depreciation property plant and
-621.52 -528.76
equipment
Impairment loss recognised in profit
or loss, property, plant and 0 0
equipment
Reversal of impairment loss
recognised in profit or loss, 0 0
property, plant and equipment
Revaluation increase (decrease),
0 0 0
property, plant and equipment
Impairment loss recognised in other
comprehensive income, property, plant and 0 0
equipment
Reversal of impairment loss recognised
in other comprehensive income, property, 0 0
plant and equipment
Increase (decrease) through transfers and
other changes, property, plant and
equipment [Abstract]
Increase (decrease) through
transfers, property, plant and 0 0 0
equipment
Increase (decrease) through other
changes, property, plant and 0 0 0
equipment
Total increase (decrease) through
transfers and other changes, property, 0 0 0
plant and equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
29.98 64.55 81.27
equipment
Retirements, property, plant and
0 0 0
equipment
Total disposals and retirements,
29.98 64.55 81.27
property, plant and equipment
Decrease through classified as held
for sale, property, plant and 0 0 0
equipment
Decrease through loss of control of
subsidiary, property, plant and 0 0 0
equipment

102
FLIPKART INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

Total increase (decrease) in property,

-276.22 -420.62 294.01
plant and equipment
Property, plant and equipment at end of
1,133.93 1,410.15 1,830.77 3,200.84
period

103
FLIPKART INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

Disclosure of detailed information about property, plant and equipment [Table] ..(2)
Unless otherwise specified, all monetary values are in Millions of INR
Classes of property, plant and equipment [Axis] Property, plant and equipment [Member]
Sub classes of property, plant and equipment [Axis] Owned and leased assets [Member]
Carrying amount accumulated depreciation and gross carrying Accumulated depreciation and
Gross carrying amount [Member]
amount [Axis] impairment [Member]
01/04/2016 01/04/2017 01/04/2016
to 31/03/2016 to to
31/03/2017 31/03/2018 31/03/2017
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 172.69
equipment
Acquisitions through business
combinations, property, plant and 0
equipment
Increase (decrease) through net
exchange differences, property, 0
plant and equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
621.52 528.76
loss
Depreciation recognised as part of
0 0
cost of other assets
Total Depreciation property plant and
621.52 528.76
equipment
Impairment loss recognised in profit
or loss, property, plant and 0 0
equipment
Reversal of impairment loss
recognised in profit or loss, 0 0
property, plant and equipment
Revaluation increase (decrease),
0
property, plant and equipment
Impairment loss recognised in other
comprehensive income, property, plant and 0 0
equipment
Reversal of impairment loss recognised
in other comprehensive income, property, 0 0
plant and equipment
Increase (decrease) through transfers and
other changes, property, plant and
equipment [Abstract]
Increase (decrease) through
transfers, property, plant and 0 0 0
equipment
Increase (decrease) through other
changes, property, plant and 0 0 0
equipment
Total increase (decrease) through
transfers and other changes, property, 0 0 0
plant and equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
170.94 51.29 106.39
equipment
Retirements, property, plant and
0 0 0
equipment
Total disposals and retirements,
170.94 51.29 106.39
property, plant and equipment
Decrease through classified as held
for sale, property, plant and 0 0 0
equipment
Decrease through loss of control of
subsidiary, property, plant and 0 0 0
equipment

104
FLIPKART INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

Total increase (decrease) in property,

1.75 570.23 422.37
plant and equipment
Property, plant and equipment at end of
2,906.83 2,905.08 2,066.91 1,496.68
period

105
FLIPKART INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

Disclosure of detailed information about property, plant and equipment [Table] ..(3)
Unless otherwise specified, all monetary values are in Millions of INR
Classes of property, plant and equipment [Axis] Property, plant and equipment [Member]
Owned and leased
Sub classes of property, plant and equipment [Axis] Owned assets [Member]
assets [Member]
Accumulated
Carrying amount accumulated depreciation and gross carrying depreciation and
Carrying amount [Member]
amount [Axis] impairment
[Member]
01/04/2017 01/04/2016
31/03/2016 to to 31/03/2016
31/03/2018 31/03/2017
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 375.28 172.69
equipment
Acquisitions through business
combinations, property, plant and 0 0
equipment
Increase (decrease) through net
exchange differences, property, 0 0
plant and equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
-621.52 -528.76
loss
Depreciation recognised as part of
0 0
cost of other assets
Total Depreciation property plant and
-621.52 -528.76
equipment
Impairment loss recognised in profit
or loss, property, plant and 0 0
equipment
Reversal of impairment loss
recognised in profit or loss, 0 0
property, plant and equipment
Revaluation increase (decrease),
0 0
property, plant and equipment
Impairment loss recognised in other
comprehensive income, property, plant and 0 0
equipment
Reversal of impairment loss recognised
in other comprehensive income, property, 0 0
plant and equipment
Increase (decrease) through transfers and
other changes, property, plant and
equipment [Abstract]
Increase (decrease) through
transfers, property, plant and 0 0
equipment
Increase (decrease) through other
changes, property, plant and 0 0
equipment
Total increase (decrease) through
transfers and other changes, property, 0 0
plant and equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
29.98 64.55
equipment
Retirements, property, plant and
0 0
equipment
Total disposals and retirements,
29.98 64.55
property, plant and equipment
Decrease through classified as held
for sale, property, plant and 0 0
equipment

106
FLIPKART INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

Decrease through loss of control of

subsidiary, property, plant and 0 0
equipment
Total increase (decrease) in property,
-276.22 -420.62
plant and equipment
Property, plant and equipment at end of
1,074.31 1,133.93 1,410.15 1,830.77
period

107
FLIPKART INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

Disclosure of detailed information about property, plant and equipment [Table] ..(4)
Unless otherwise specified, all monetary values are in Millions of INR
Classes of property, plant and equipment [Axis] Property, plant and equipment [Member]
Sub classes of property, plant and equipment [Axis] Owned assets [Member]
Accumulated
Carrying amount accumulated depreciation and gross carrying depreciation and
Gross carrying amount [Member]
amount [Axis] impairment
[Member]
01/04/2017 01/04/2016 01/04/2017
to to 31/03/2016 to
31/03/2018 31/03/2017 31/03/2018
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 375.28 172.69
equipment
Acquisitions through business
combinations, property, plant and 0 0
equipment
Increase (decrease) through net
exchange differences, property, 0 0
plant and equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
621.52
loss
Depreciation recognised as part of
0
cost of other assets
Total Depreciation property plant and
621.52
equipment
Impairment loss recognised in profit
or loss, property, plant and 0
equipment
Reversal of impairment loss
recognised in profit or loss, 0
property, plant and equipment
Revaluation increase (decrease),
0 0
property, plant and equipment
Impairment loss recognised in other
comprehensive income, property, plant and 0
equipment
Reversal of impairment loss recognised
in other comprehensive income, property, 0
plant and equipment
Increase (decrease) through transfers and
other changes, property, plant and
equipment [Abstract]
Increase (decrease) through
transfers, property, plant and 0 0 0
equipment
Increase (decrease) through other
changes, property, plant and 0 0 0
equipment
Total increase (decrease) through
transfers and other changes, property, 0 0 0
plant and equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
81.27 170.94 51.29
equipment
Retirements, property, plant and
0 0 0
equipment
Total disposals and retirements,
81.27 170.94 51.29
property, plant and equipment
Decrease through classified as held
for sale, property, plant and 0 0 0
equipment

108
FLIPKART INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

Decrease through loss of control of

subsidiary, property, plant and 0 0 0
equipment
Total increase (decrease) in property,
294.01 1.75 570.23
plant and equipment
Property, plant and equipment at end of
3,200.84 2,906.83 2,905.08 2,066.91
period

109
FLIPKART INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

Disclosure of detailed information about property, plant and equipment [Table] ..(5)
Unless otherwise specified, all monetary values are in Millions of INR
Property, plant and equipment
Classes of property, plant and equipment [Axis] Plant and equipment [Member]
[Member]
Sub classes of property, plant and equipment [Axis] Owned assets [Member] Owned assets [Member]
Carrying amount accumulated depreciation and gross carrying Accumulated depreciation and
Carrying amount [Member]
amount [Axis] impairment [Member]
01/04/2016 01/04/2017 01/04/2016
to 31/03/2016 to to
31/03/2017 31/03/2018 31/03/2017
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 125.06 108.1
equipment
Acquisitions through business
combinations, property, plant and 0 0
equipment
Increase (decrease) through net
exchange differences, property, 0 0
plant and equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
528.76 -181.32 -10.38
loss
Depreciation recognised as part of
0 0 0
cost of other assets
Total Depreciation property plant and
528.76 -181.32 -10.38
equipment
Impairment loss recognised in profit
or loss, property, plant and 0 0 0
equipment
Reversal of impairment loss
recognised in profit or loss, 0 0 0
property, plant and equipment
Revaluation increase (decrease),
0 0
property, plant and equipment
Impairment loss recognised in other
comprehensive income, property, plant and 0 0 0
equipment
Reversal of impairment loss recognised
in other comprehensive income, property, 0 0 0
plant and equipment
Increase (decrease) through transfers and
other changes, property, plant and
equipment [Abstract]
Increase (decrease) through
transfers, property, plant and 0 0 0
equipment
Increase (decrease) through other
changes, property, plant and 0 0 0
equipment
Total increase (decrease) through
transfers and other changes, property, 0 0 0
plant and equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
106.39 0 0
equipment
Retirements, property, plant and
0 0 0
equipment
Total disposals and retirements,
106.39 0 0
property, plant and equipment
Decrease through classified as held
for sale, property, plant and 0 0 0
equipment
Decrease through loss of control of
subsidiary, property, plant and 0 0 0
equipment

110
FLIPKART INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

Total increase (decrease) in property,

422.37 -56.26 97.72
plant and equipment
Property, plant and equipment at end of
1,496.68 1,074.31 46.06 102.32
period

Disclosure of detailed information about property, plant and equipment [Table] ..(6)
Unless otherwise specified, all monetary values are in Millions of INR
Classes of property, plant and equipment [Axis] Plant and equipment [Member]
Sub classes of property, plant and equipment [Axis] Owned assets [Member]
Carrying amount accumulated depreciation and gross carrying Carrying amount
Gross carrying amount [Member]
amount [Axis] [Member]
01/04/2017 01/04/2016
31/03/2016 to to 31/03/2016
31/03/2018 31/03/2017
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 125.06 108.1
equipment
Acquisitions through business
combinations, property, plant and 0 0
equipment
Increase (decrease) through net
exchange differences, property, 0 0
plant and equipment
Revaluation increase (decrease),
0 0
property, plant and equipment
Increase (decrease) through transfers and
other changes, property, plant and
equipment [Abstract]
Increase (decrease) through
transfers, property, plant and 0 0
equipment
Increase (decrease) through other
changes, property, plant and 0 0
equipment
Total increase (decrease) through
transfers and other changes, property, 0 0
plant and equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
0 0
equipment
Retirements, property, plant and
0 0
equipment
Total disposals and retirements,
0 0
property, plant and equipment
Decrease through classified as held
for sale, property, plant and 0 0
equipment
Decrease through loss of control of
subsidiary, property, plant and 0 0
equipment
Total increase (decrease) in property,
125.06 108.1
plant and equipment
Property, plant and equipment at end of
4.6 240.09 115.03 6.93
period

111
FLIPKART INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

Disclosure of detailed information about property, plant and equipment [Table] ..(7)
Unless otherwise specified, all monetary values are in Millions of INR
Other plant and
Classes of property, plant and equipment [Axis] Plant and equipment [Member] equipment
[Member]
Owned assets
Sub classes of property, plant and equipment [Axis] Owned assets [Member]
[Member]
Carrying amount accumulated depreciation and gross carrying Carrying amount
Accumulated depreciation and impairment [Member]
amount [Axis] [Member]
01/04/2017 01/04/2016 01/04/2017
to to 31/03/2016 to
31/03/2018 31/03/2017 31/03/2018
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 125.06
equipment
Acquisitions through business
combinations, property, plant and 0
equipment
Increase (decrease) through net
exchange differences, property, 0
plant and equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
181.32 10.38 -181.32
loss
Depreciation recognised as part of
0 0 0
cost of other assets
Total Depreciation property plant and
181.32 10.38 -181.32
equipment
Impairment loss recognised in profit
or loss, property, plant and 0 0 0
equipment
Reversal of impairment loss
recognised in profit or loss, 0 0 0
property, plant and equipment
Revaluation increase (decrease),
0
property, plant and equipment
Impairment loss recognised in other
comprehensive income, property, plant and 0 0 0
equipment
Reversal of impairment loss recognised
in other comprehensive income, property, 0 0 0
plant and equipment
Increase (decrease) through transfers and
other changes, property, plant and
equipment [Abstract]
Increase (decrease) through
transfers, property, plant and 0 0 0
equipment
Increase (decrease) through other
changes, property, plant and 0 0 0
equipment
Total increase (decrease) through
transfers and other changes, property, 0 0 0
plant and equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
0 0 0
equipment
Retirements, property, plant and
0 0 0
equipment
Total disposals and retirements,
0 0 0
property, plant and equipment
Decrease through classified as held
for sale, property, plant and 0 0 0
equipment

112
FLIPKART INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

Decrease through loss of control of

subsidiary, property, plant and 0 0 0
equipment
Total increase (decrease) in property,
181.32 10.38 -56.26
plant and equipment
Property, plant and equipment at end of
194.03 12.71 2.33 46.06
period

113
FLIPKART INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

Disclosure of detailed information about property, plant and equipment [Table] ..(8)
Unless otherwise specified, all monetary values are in Millions of INR
Classes of property, plant and equipment [Axis] Other plant and equipment [Member]
Sub classes of property, plant and equipment [Axis] Owned assets [Member]
Carrying amount accumulated depreciation and gross carrying
Carrying amount [Member] Gross carrying amount [Member]
amount [Axis]
01/04/2016 01/04/2017 01/04/2016
to 31/03/2016 to to
31/03/2017 31/03/2018 31/03/2017
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 108.1 125.06 108.1
equipment
Acquisitions through business
combinations, property, plant and 0 0 0
equipment
Increase (decrease) through net
exchange differences, property, 0 0 0
plant and equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
-10.38
loss
Depreciation recognised as part of
0
cost of other assets
Total Depreciation property plant and
-10.38
equipment
Impairment loss recognised in profit
or loss, property, plant and 0
equipment
Reversal of impairment loss
recognised in profit or loss, 0
property, plant and equipment
Revaluation increase (decrease),
0 0 0
property, plant and equipment
Impairment loss recognised in other
comprehensive income, property, plant and 0
equipment
Reversal of impairment loss recognised
in other comprehensive income, property, 0
plant and equipment
Increase (decrease) through transfers and
other changes, property, plant and
equipment [Abstract]
Increase (decrease) through
transfers, property, plant and 0 0 0
equipment
Increase (decrease) through other
changes, property, plant and 0 0 0
equipment
Total increase (decrease) through
transfers and other changes, property, 0 0 0
plant and equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
0 0 0
equipment
Retirements, property, plant and
0 0 0
equipment
Total disposals and retirements,
0 0 0
property, plant and equipment
Decrease through classified as held
for sale, property, plant and 0 0 0
equipment
Decrease through loss of control of
subsidiary, property, plant and 0 0 0
equipment

114
FLIPKART INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

Total increase (decrease) in property,

97.72 125.06 108.1
plant and equipment
Property, plant and equipment at end of
102.32 4.6 240.09 115.03
period

Disclosure of detailed information about property, plant and equipment [Table] ..(9)
Unless otherwise specified, all monetary values are in Millions of INR
Classes of property, plant and equipment [Axis] Other plant and equipment [Member]
Sub classes of property, plant and equipment [Axis] Owned assets [Member]
Carrying amount accumulated depreciation and gross carrying Gross carrying
Accumulated depreciation and impairment [Member]
amount [Axis] amount [Member]
01/04/2017 01/04/2016
31/03/2016 to to 31/03/2016
31/03/2018 31/03/2017
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
181.32 10.38
loss
Depreciation recognised as part of
0 0
cost of other assets
Total Depreciation property plant and
181.32 10.38
equipment
Impairment loss recognised in profit
or loss, property, plant and 0 0
equipment
Reversal of impairment loss
recognised in profit or loss, 0 0
property, plant and equipment
Impairment loss recognised in other
comprehensive income, property, plant and 0 0
equipment
Reversal of impairment loss recognised
in other comprehensive income, property, 0 0
plant and equipment
Increase (decrease) through transfers and
other changes, property, plant and
equipment [Abstract]
Increase (decrease) through
transfers, property, plant and 0 0
equipment
Increase (decrease) through other
changes, property, plant and 0 0
equipment
Total increase (decrease) through
transfers and other changes, property, 0 0
plant and equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
0 0
equipment
Retirements, property, plant and
0 0
equipment
Total disposals and retirements,
0 0
property, plant and equipment
Decrease through classified as held
for sale, property, plant and 0 0
equipment
Decrease through loss of control of
subsidiary, property, plant and 0 0
equipment
Total increase (decrease) in property,
181.32 10.38
plant and equipment
Property, plant and equipment at end of
6.93 194.03 12.71 2.33
period

115
FLIPKART INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

Disclosure of detailed information about property, plant and equipment [Table] ..(10)
Unless otherwise specified, all monetary values are in Millions of INR
Classes of property, plant and equipment [Axis] Furniture and fixtures [Member]
Sub classes of property, plant and equipment [Axis] Owned assets [Member]
Carrying amount accumulated depreciation and gross carrying Gross carrying
Carrying amount [Member]
amount [Axis] amount [Member]
01/04/2017 01/04/2016 01/04/2017
to to 31/03/2016 to
31/03/2018 31/03/2017 31/03/2018
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 10.33 2.66 10.33
equipment
Acquisitions through business
combinations, property, plant and 0 0 0
equipment
Increase (decrease) through net
exchange differences, property, 0 0 0
plant and equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
-15.39 -12.09
loss
Depreciation recognised as part of
0 0
cost of other assets
Total Depreciation property plant and
-15.39 -12.09
equipment
Impairment loss recognised in profit
or loss, property, plant and 0 0
equipment
Reversal of impairment loss
recognised in profit or loss, 0 0
property, plant and equipment
Revaluation increase (decrease),
0 0 0
property, plant and equipment
Impairment loss recognised in other
comprehensive income, property, plant and 0 0
equipment
Reversal of impairment loss recognised
in other comprehensive income, property, 0 0
plant and equipment
Increase (decrease) through transfers and
other changes, property, plant and
equipment [Abstract]
Increase (decrease) through
transfers, property, plant and 0 0 0
equipment
Increase (decrease) through other
changes, property, plant and 0 0 0
equipment
Total increase (decrease) through
transfers and other changes, property, 0 0 0
plant and equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
0.38 0.99 6.43
equipment
Retirements, property, plant and
0 0 0
equipment
Total disposals and retirements,
0.38 0.99 6.43
property, plant and equipment
Decrease through classified as held
for sale, property, plant and 0 0 0
equipment
Decrease through loss of control of
subsidiary, property, plant and 0 0 0
equipment

116
FLIPKART INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

Total increase (decrease) in property,

-5.44 -10.42 3.9
plant and equipment
Property, plant and equipment at end of
22.99 28.43 38.85 224.81
period

117
FLIPKART INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

Disclosure of detailed information about property, plant and equipment [Table] ..(11)
Unless otherwise specified, all monetary values are in Millions of INR
Classes of property, plant and equipment [Axis] Furniture and fixtures [Member]
Sub classes of property, plant and equipment [Axis] Owned assets [Member]
Carrying amount accumulated depreciation and gross carrying Accumulated depreciation and
Gross carrying amount [Member]
amount [Axis] impairment [Member]
01/04/2016 01/04/2017 01/04/2016
to 31/03/2016 to to
31/03/2017 31/03/2018 31/03/2017
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 2.66
equipment
Acquisitions through business
combinations, property, plant and 0
equipment
Increase (decrease) through net
exchange differences, property, 0
plant and equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
15.39 12.09
loss
Depreciation recognised as part of
0 0
cost of other assets
Total Depreciation property plant and
15.39 12.09
equipment
Impairment loss recognised in profit
or loss, property, plant and 0 0
equipment
Reversal of impairment loss
recognised in profit or loss, 0 0
property, plant and equipment
Revaluation increase (decrease),
0
property, plant and equipment
Impairment loss recognised in other
comprehensive income, property, plant and 0 0
equipment
Reversal of impairment loss recognised
in other comprehensive income, property, 0 0
plant and equipment
Increase (decrease) through transfers and
other changes, property, plant and
equipment [Abstract]
Increase (decrease) through
transfers, property, plant and 0 0 0
equipment
Increase (decrease) through other
changes, property, plant and 0 0 0
equipment
Total increase (decrease) through
transfers and other changes, property, 0 0 0
plant and equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
18.61 6.05 17.62
equipment
Retirements, property, plant and
0 0 0
equipment
Total disposals and retirements,
18.61 6.05 17.62
property, plant and equipment
Decrease through classified as held
for sale, property, plant and 0 0 0
equipment
Decrease through loss of control of
subsidiary, property, plant and 0 0 0
equipment

118
FLIPKART INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

Total increase (decrease) in property,

-15.95 9.34 -5.53
plant and equipment
Property, plant and equipment at end of
220.91 236.86 201.82 192.48
period

119
FLIPKART INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

Disclosure of detailed information about property, plant and equipment [Table] ..(12)
Unless otherwise specified, all monetary values are in Millions of INR
Furniture and
Classes of property, plant and equipment [Axis] Office equipment [Member]
fixtures [Member]
Owned assets
Sub classes of property, plant and equipment [Axis] Owned assets [Member]
[Member]
Accumulated
Carrying amount accumulated depreciation and gross carrying depreciation and
Carrying amount [Member]
amount [Axis] impairment
[Member]
01/04/2017 01/04/2016
31/03/2016 to to 31/03/2016
31/03/2018 31/03/2017
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 34.67 8.01
equipment
Acquisitions through business
combinations, property, plant and 0 0
equipment
Increase (decrease) through net
exchange differences, property, 0 0
plant and equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
-64.68 -61.46
loss
Depreciation recognised as part of
0 0
cost of other assets
Total Depreciation property plant and
-64.68 -61.46
equipment
Impairment loss recognised in profit
or loss, property, plant and 0 0
equipment
Reversal of impairment loss
recognised in profit or loss, 0 0
property, plant and equipment
Revaluation increase (decrease),
0 0
property, plant and equipment
Impairment loss recognised in other
comprehensive income, property, plant and 0 0
equipment
Reversal of impairment loss recognised
in other comprehensive income, property, 0 0
plant and equipment
Increase (decrease) through transfers and
other changes, property, plant and
equipment [Abstract]
Increase (decrease) through
transfers, property, plant and 0 0
equipment
Increase (decrease) through other
changes, property, plant and 0 0
equipment
Total increase (decrease) through
transfers and other changes, property, 0 0
plant and equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
1.07 2.05
equipment
Retirements, property, plant and
0 0
equipment
Total disposals and retirements,
1.07 2.05
property, plant and equipment
Decrease through classified as held
for sale, property, plant and 0 0
equipment

120
FLIPKART INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

Decrease through loss of control of

subsidiary, property, plant and 0 0
equipment
Total increase (decrease) in property,
-31.08 -55.5
plant and equipment
Property, plant and equipment at end of
198.01 102.8 133.88 189.38
period

121
FLIPKART INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

Disclosure of detailed information about property, plant and equipment [Table] ..(13)
Unless otherwise specified, all monetary values are in Millions of INR
Classes of property, plant and equipment [Axis] Office equipment [Member]
Sub classes of property, plant and equipment [Axis] Owned assets [Member]
Accumulated
Carrying amount accumulated depreciation and gross carrying depreciation and
Gross carrying amount [Member]
amount [Axis] impairment
[Member]
01/04/2017 01/04/2016 01/04/2017
to to 31/03/2016 to
31/03/2018 31/03/2017 31/03/2018
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 34.67 8.01
equipment
Acquisitions through business
combinations, property, plant and 0 0
equipment
Increase (decrease) through net
exchange differences, property, 0 0
plant and equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
64.68
loss
Depreciation recognised as part of
0
cost of other assets
Total Depreciation property plant and
64.68
equipment
Impairment loss recognised in profit
or loss, property, plant and 0
equipment
Reversal of impairment loss
recognised in profit or loss, 0
property, plant and equipment
Revaluation increase (decrease),
0 0
property, plant and equipment
Impairment loss recognised in other
comprehensive income, property, plant and 0
equipment
Reversal of impairment loss recognised
in other comprehensive income, property, 0
plant and equipment
Increase (decrease) through transfers and
other changes, property, plant and
equipment [Abstract]
Increase (decrease) through
transfers, property, plant and 0 0 0
equipment
Increase (decrease) through other
changes, property, plant and 0 0 0
equipment
Total increase (decrease) through
transfers and other changes, property, 0 0 0
plant and equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
11.88 7.52 10.81
equipment
Retirements, property, plant and
0 0 0
equipment
Total disposals and retirements,
11.88 7.52 10.81
property, plant and equipment
Decrease through classified as held
for sale, property, plant and 0 0 0
equipment

122
FLIPKART INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

Decrease through loss of control of

subsidiary, property, plant and 0 0 0
equipment
Total increase (decrease) in property,
22.79 0.49 53.87
plant and equipment
Property, plant and equipment at end of
333.67 310.88 310.39 230.87
period

123
FLIPKART INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

Disclosure of detailed information about property, plant and equipment [Table] ..(14)
Unless otherwise specified, all monetary values are in Millions of INR
Classes of property, plant and equipment [Axis] Office equipment [Member] Computer equipments [Member]
Sub classes of property, plant and equipment [Axis] Owned assets [Member] Owned assets [Member]
Carrying amount accumulated depreciation and gross carrying Accumulated depreciation and
Carrying amount [Member]
amount [Axis] impairment [Member]
01/04/2016 01/04/2017 01/04/2016
to 31/03/2016 to to
31/03/2017 31/03/2018 31/03/2017
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 0.1 5.67
equipment
Acquisitions through business
combinations, property, plant and 0 0
equipment
Increase (decrease) through net
exchange differences, property, 0 0
plant and equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
61.46 -58.64 -91.89
loss
Depreciation recognised as part of
0 0 0
cost of other assets
Total Depreciation property plant and
61.46 -58.64 -91.89
equipment
Impairment loss recognised in profit
or loss, property, plant and 0 0 0
equipment
Reversal of impairment loss
recognised in profit or loss, 0 0 0
property, plant and equipment
Revaluation increase (decrease),
0 0
property, plant and equipment
Impairment loss recognised in other
comprehensive income, property, plant and 0 0 0
equipment
Reversal of impairment loss recognised
in other comprehensive income, property, 0 0 0
plant and equipment
Increase (decrease) through transfers and
other changes, property, plant and
equipment [Abstract]
Increase (decrease) through
transfers, property, plant and 0 0 0
equipment
Increase (decrease) through other
changes, property, plant and 0 0 0
equipment
Total increase (decrease) through
transfers and other changes, property, 0 0 0
plant and equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
5.47 0.19 0.49
equipment
Retirements, property, plant and
0 0 0
equipment
Total disposals and retirements,
5.47 0.19 0.49
property, plant and equipment
Decrease through classified as held
for sale, property, plant and 0 0 0
equipment
Decrease through loss of control of
subsidiary, property, plant and 0 0 0
equipment

124
FLIPKART INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

Total increase (decrease) in property,

55.99 -58.73 -86.71
plant and equipment
Property, plant and equipment at end of
177 121.01 22.78 81.51
period

Disclosure of detailed information about property, plant and equipment [Table] ..(15)
Unless otherwise specified, all monetary values are in Millions of INR
Classes of property, plant and equipment [Axis] Computer equipments [Member]
Sub classes of property, plant and equipment [Axis] Owned assets [Member]
Carrying amount accumulated depreciation and gross carrying Carrying amount
Gross carrying amount [Member]
amount [Axis] [Member]
01/04/2017 01/04/2016
31/03/2016 to to 31/03/2016
31/03/2018 31/03/2017
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 0.1 5.67
equipment
Acquisitions through business
combinations, property, plant and 0 0
equipment
Increase (decrease) through net
exchange differences, property, 0 0
plant and equipment
Revaluation increase (decrease),
0 0
property, plant and equipment
Increase (decrease) through transfers and
other changes, property, plant and
equipment [Abstract]
Increase (decrease) through
transfers, property, plant and 0 0
equipment
Increase (decrease) through other
changes, property, plant and 0 0
equipment
Total increase (decrease) through
transfers and other changes, property, 0 0
plant and equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
7.75 3.42
equipment
Retirements, property, plant and
0 0
equipment
Total disposals and retirements,
7.75 3.42
property, plant and equipment
Decrease through classified as held
for sale, property, plant and 0 0
equipment
Decrease through loss of control of
subsidiary, property, plant and 0 0
equipment
Total increase (decrease) in property,
-7.65 2.25
plant and equipment
Property, plant and equipment at end of
168.22 315.35 323 320.75
period

125
FLIPKART INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

Disclosure of detailed information about property, plant and equipment [Table] ..(16)
Unless otherwise specified, all monetary values are in Millions of INR
Leasehold
Classes of property, plant and equipment [Axis] Computer equipments [Member] improvements
[Member]
Owned assets
Sub classes of property, plant and equipment [Axis] Owned assets [Member]
[Member]
Carrying amount accumulated depreciation and gross carrying Carrying amount
Accumulated depreciation and impairment [Member]
amount [Axis] [Member]
01/04/2017 01/04/2016 01/04/2017
to to 31/03/2016 to
31/03/2018 31/03/2017 31/03/2018
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 201.17
equipment
Acquisitions through business
combinations, property, plant and 0
equipment
Increase (decrease) through net
exchange differences, property, 0
plant and equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
58.64 91.89 -294.11
loss
Depreciation recognised as part of
0 0 0
cost of other assets
Total Depreciation property plant and
58.64 91.89 -294.11
equipment
Impairment loss recognised in profit
or loss, property, plant and 0 0 0
equipment
Reversal of impairment loss
recognised in profit or loss, 0 0 0
property, plant and equipment
Revaluation increase (decrease),
0
property, plant and equipment
Impairment loss recognised in other
comprehensive income, property, plant and 0 0 0
equipment
Reversal of impairment loss recognised
in other comprehensive income, property, 0 0 0
plant and equipment
Increase (decrease) through transfers and
other changes, property, plant and
equipment [Abstract]
Increase (decrease) through
transfers, property, plant and 0 0 0
equipment
Increase (decrease) through other
changes, property, plant and 0 0 0
equipment
Total increase (decrease) through
transfers and other changes, property, 0 0 0
plant and equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
7.56 2.93 23.55
equipment
Retirements, property, plant and
0 0 0
equipment
Total disposals and retirements,
7.56 2.93 23.55
property, plant and equipment
Decrease through classified as held
for sale, property, plant and 0 0 0
equipment

126
FLIPKART INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

Decrease through loss of control of

subsidiary, property, plant and 0 0 0
equipment
Total increase (decrease) in property,
51.08 88.96 -116.49
plant and equipment
Property, plant and equipment at end of
292.57 241.49 152.53 932.04
period

127
FLIPKART INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

Disclosure of detailed information about property, plant and equipment [Table] ..(17)
Unless otherwise specified, all monetary values are in Millions of INR
Classes of property, plant and equipment [Axis] Leasehold improvements [Member]
Sub classes of property, plant and equipment [Axis] Owned assets [Member]
Carrying amount accumulated depreciation and gross carrying
Carrying amount [Member] Gross carrying amount [Member]
amount [Axis]
01/04/2016 01/04/2017 01/04/2016
to 31/03/2016 to to
31/03/2017 31/03/2018 31/03/2017
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 46.7 201.17 46.7
equipment
Acquisitions through business
combinations, property, plant and 0 0 0
equipment
Increase (decrease) through net
exchange differences, property, 0 0 0
plant and equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
-346.72
loss
Depreciation recognised as part of
0
cost of other assets
Total Depreciation property plant and
-346.72
equipment
Impairment loss recognised in profit
or loss, property, plant and 0
equipment
Reversal of impairment loss
recognised in profit or loss, 0
property, plant and equipment
Revaluation increase (decrease),
0 0 0
property, plant and equipment
Impairment loss recognised in other
comprehensive income, property, plant and 0
equipment
Reversal of impairment loss recognised
in other comprehensive income, property, 0
plant and equipment
Increase (decrease) through transfers and
other changes, property, plant and
equipment [Abstract]
Increase (decrease) through
transfers, property, plant and 0 0 0
equipment
Increase (decrease) through other
changes, property, plant and 0 0 0
equipment
Total increase (decrease) through
transfers and other changes, property, 0 0 0
plant and equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
60.89 41.68 141.18
equipment
Retirements, property, plant and
0 0 0
equipment
Total disposals and retirements,
60.89 41.68 141.18
property, plant and equipment
Decrease through classified as held
for sale, property, plant and 0 0 0
equipment
Decrease through loss of control of
subsidiary, property, plant and 0 0 0
equipment

128
FLIPKART INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

Total increase (decrease) in property,

-360.91 159.49 -94.48
plant and equipment
Property, plant and equipment at end of
1,048.53 1,409.44 2,066.42 1,906.93
period

Disclosure of detailed information about property, plant and equipment [Table] ..(18)
Unless otherwise specified, all monetary values are in Millions of INR
Classes of property, plant and equipment [Axis] Leasehold improvements [Member]
Sub classes of property, plant and equipment [Axis] Owned assets [Member]
Carrying amount accumulated depreciation and gross carrying Gross carrying
Accumulated depreciation and impairment [Member]
amount [Axis] amount [Member]
01/04/2017 01/04/2016
31/03/2016 to to 31/03/2016
31/03/2018 31/03/2017
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
294.11 346.72
loss
Depreciation recognised as part of
0 0
cost of other assets
Total Depreciation property plant and
294.11 346.72
equipment
Impairment loss recognised in profit
or loss, property, plant and 0 0
equipment
Reversal of impairment loss
recognised in profit or loss, 0 0
property, plant and equipment
Impairment loss recognised in other
comprehensive income, property, plant and 0 0
equipment
Reversal of impairment loss recognised
in other comprehensive income, property, 0 0
plant and equipment
Increase (decrease) through transfers and
other changes, property, plant and
equipment [Abstract]
Increase (decrease) through
transfers, property, plant and 0 0
equipment
Increase (decrease) through other
changes, property, plant and 0 0
equipment
Total increase (decrease) through
transfers and other changes, property, 0 0
plant and equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
18.13 80.29
equipment
Retirements, property, plant and
0 0
equipment
Total disposals and retirements,
18.13 80.29
property, plant and equipment
Decrease through classified as held
for sale, property, plant and 0 0
equipment
Decrease through loss of control of
subsidiary, property, plant and 0 0
equipment
Total increase (decrease) in property,
275.98 266.43
plant and equipment
Property, plant and equipment at end of
2,001.41 1,134.38 858.4 591.97
period

129
FLIPKART INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

Disclosure of detailed information about property, plant and equipment [Table] ..(19)
Unless otherwise specified, all monetary values are in Millions of INR
Classes of property, plant and equipment [Axis] Other property, plant and equipment [Member]
Sub classes of property, plant and equipment [Axis] Owned assets [Member]
Carrying amount accumulated depreciation and gross carrying Gross carrying
Carrying amount [Member]
amount [Axis] amount [Member]
01/04/2017 01/04/2016 01/04/2017
to to 31/03/2016 to
31/03/2018 31/03/2017 31/03/2018
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 3.95 1.55 3.95
equipment
Acquisitions through business
combinations, property, plant and 0 0 0
equipment
Increase (decrease) through net
exchange differences, property, 0 0 0
plant and equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
-7.38 -6.22
loss
Depreciation recognised as part of
0 0
cost of other assets
Total Depreciation property plant and
-7.38 -6.22
equipment
Impairment loss recognised in profit
or loss, property, plant and 0 0
equipment
Reversal of impairment loss
recognised in profit or loss, 0 0
property, plant and equipment
Revaluation increase (decrease),
0 0 0
property, plant and equipment
Impairment loss recognised in other
comprehensive income, property, plant and 0 0
equipment
Reversal of impairment loss recognised
in other comprehensive income, property, 0 0
plant and equipment
Increase (decrease) through transfers and
other changes, property, plant and
equipment [Abstract]
Increase (decrease) through
transfers, property, plant and 0 0 0
equipment
Increase (decrease) through other
changes, property, plant and 0 0 0
equipment
Total increase (decrease) through
transfers and other changes, property, 0 0 0
plant and equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
4.79 0.13 13.53
equipment
Retirements, property, plant and
0 0 0
equipment
Total disposals and retirements,
4.79 0.13 13.53
property, plant and equipment
Decrease through classified as held
for sale, property, plant and 0 0 0
equipment
Decrease through loss of control of
subsidiary, property, plant and 0 0 0
equipment

130
FLIPKART INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

Total increase (decrease) in property,

-8.22 -4.8 -9.58
plant and equipment
Property, plant and equipment at end of
7.26 15.48 20.28 20.5
period

131
FLIPKART INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

Disclosure of detailed information about property, plant and equipment [Table] ..(20)
Unless otherwise specified, all monetary values are in Millions of INR
Classes of property, plant and equipment [Axis] Other property, plant and equipment [Member]
Sub classes of property, plant and equipment [Axis] Owned assets [Member]
Carrying amount accumulated depreciation and gross carrying Accumulated depreciation and
Gross carrying amount [Member]
amount [Axis] impairment [Member]
01/04/2016 01/04/2017 01/04/2016
to 31/03/2016 to to
31/03/2017 31/03/2018 31/03/2017
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 1.55
equipment
Acquisitions through business
combinations, property, plant and 0
equipment
Increase (decrease) through net
exchange differences, property, 0
plant and equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
7.38 6.22
loss
Depreciation recognised as part of
0 0
cost of other assets
Total Depreciation property plant and
7.38 6.22
equipment
Impairment loss recognised in profit
or loss, property, plant and 0 0
equipment
Reversal of impairment loss
recognised in profit or loss, 0 0
property, plant and equipment
Revaluation increase (decrease),
0
property, plant and equipment
Impairment loss recognised in other
comprehensive income, property, plant and 0 0
equipment
Reversal of impairment loss recognised
in other comprehensive income, property, 0 0
plant and equipment
Increase (decrease) through transfers and
other changes, property, plant and
equipment [Abstract]
Increase (decrease) through
transfers, property, plant and 0 0 0
equipment
Increase (decrease) through other
changes, property, plant and 0 0 0
equipment
Total increase (decrease) through
transfers and other changes, property, 0 0 0
plant and equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
0.21 8.74 0.08
equipment
Retirements, property, plant and
0 0 0
equipment
Total disposals and retirements,
0.21 8.74 0.08
property, plant and equipment
Decrease through classified as held
for sale, property, plant and 0 0 0
equipment
Decrease through loss of control of
subsidiary, property, plant and 0 0 0
equipment

132
FLIPKART INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

Total increase (decrease) in property,

1.34 -1.36 6.14
plant and equipment
Property, plant and equipment at end of
30.08 28.74 13.24 14.6
period

133
FLIPKART INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

Disclosure of detailed information about property, plant and equipment [Table] ..(21)
Unless otherwise specified, all monetary values are in Millions of INR
Other property,
plant and
Classes of property, plant and equipment [Axis] Other property, plant and equipment, others [Member]
equipment
[Member]
Owned assets
Sub classes of property, plant and equipment [Axis] Owned assets [Member]
[Member]
Accumulated
Carrying amount accumulated depreciation and gross carrying depreciation and
Carrying amount [Member]
amount [Axis] impairment
[Member]
01/04/2017 01/04/2016
31/03/2016 to to 31/03/2016
31/03/2018 31/03/2017
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Nature of other property plant and equipment Electrical installations and Electrical installations and
others equipment equipment
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 3.95 1.55
equipment
Acquisitions through business
combinations, property, plant and 0 0
equipment
Increase (decrease) through net
exchange differences, property, 0 0
plant and equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
-7.38 -6.22
loss
Depreciation recognised as part of
0 0
cost of other assets
Total Depreciation property plant and
-7.38 -6.22
equipment
Impairment loss recognised in profit
or loss, property, plant and 0 0
equipment
Reversal of impairment loss
recognised in profit or loss, 0 0
property, plant and equipment
Revaluation increase (decrease),
0 0
property, plant and equipment
Impairment loss recognised in other
comprehensive income, property, plant and 0 0
equipment
Reversal of impairment loss recognised
in other comprehensive income, property, 0 0
plant and equipment
Increase (decrease) through transfers and
other changes, property, plant and
equipment [Abstract]
Increase (decrease) through
transfers, property, plant and 0 0
equipment
Increase (decrease) through other
changes, property, plant and 0 0
equipment
Total increase (decrease) through
transfers and other changes, property, 0 0
plant and equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
4.79 0.13
equipment
Retirements, property, plant and
0 0
equipment

134
FLIPKART INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

Total disposals and retirements,

4.79 0.13
property, plant and equipment
Decrease through classified as held
for sale, property, plant and 0 0
equipment
Decrease through loss of control of
subsidiary, property, plant and 0 0
equipment
Total increase (decrease) in property,
-8.22 -4.8
plant and equipment
Property, plant and equipment at end of
8.46 7.26 15.48 20.28
period

135
FLIPKART INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

Disclosure of detailed information about property, plant and equipment [Table] ..(22)
Unless otherwise specified, all monetary values are in Millions of INR
Classes of property, plant and equipment [Axis] Other property, plant and equipment, others [Member]
Sub classes of property, plant and equipment [Axis] Owned assets [Member]
Accumulated
Carrying amount accumulated depreciation and gross carrying depreciation and
Gross carrying amount [Member]
amount [Axis] impairment
[Member]
01/04/2017 01/04/2016 01/04/2017
to to 31/03/2016 to
31/03/2018 31/03/2017 31/03/2018
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Electrical
Nature of other property plant and equipment Electrical installations and Electrical installations and
installations and
others equipment equipment
equipment
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 3.95 1.55
equipment
Acquisitions through business
combinations, property, plant and 0 0
equipment
Increase (decrease) through net
exchange differences, property, 0 0
plant and equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
7.38
loss
Depreciation recognised as part of
0
cost of other assets
Total Depreciation property plant and
7.38
equipment
Impairment loss recognised in profit
or loss, property, plant and 0
equipment
Reversal of impairment loss
recognised in profit or loss, 0
property, plant and equipment
Revaluation increase (decrease),
0 0
property, plant and equipment
Impairment loss recognised in other
comprehensive income, property, plant and 0
equipment
Reversal of impairment loss recognised
in other comprehensive income, property, 0
plant and equipment
Increase (decrease) through transfers and
other changes, property, plant and
equipment [Abstract]
Increase (decrease) through
transfers, property, plant and 0 0 0
equipment
Increase (decrease) through other
changes, property, plant and 0 0 0
equipment
Total increase (decrease) through
transfers and other changes, property, 0 0 0
plant and equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
13.53 0.21 8.74
equipment
Retirements, property, plant and
0 0 0
equipment
Total disposals and retirements,
13.53 0.21 8.74
property, plant and equipment

136
FLIPKART INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

Decrease through classified as held

for sale, property, plant and 0 0 0
equipment
Decrease through loss of control of
subsidiary, property, plant and 0 0 0
equipment
Total increase (decrease) in property,
-9.58 1.34 -1.36
plant and equipment
Property, plant and equipment at end of
20.5 30.08 28.74 13.24
period

Disclosure of detailed information about property, plant and equipment [Table] ..(23)
Unless otherwise specified, all monetary values are in Millions of INR
Other property, plant and equipment,
Classes of property, plant and equipment [Axis]
others [Member]
Sub classes of property, plant and equipment [Axis] Owned assets [Member]
Accumulated depreciation and
Carrying amount accumulated depreciation and gross carrying amount [Axis]
impairment [Member]
01/04/2016
to 31/03/2016
31/03/2017
Disclosure of detailed information about property, plant and equipment [Abstract]
Disclosure of detailed information about property, plant and equipment [Line items]
Electrical installations and
Nature of other property plant and equipment others equipment
Reconciliation of changes in property, plant and equipment [Abstract]
Changes in property, plant and equipment [Abstract]
Depreciation, property, plant and equipment [Abstract]
Depreciation recognised in profit or loss 6.22
Depreciation recognised as part of cost of other assets 0
Total Depreciation property plant and equipment 6.22
Impairment loss recognised in profit or loss, property, plant and equipment 0
Reversal of impairment loss recognised in profit or loss, property, plant
0
and equipment
Impairment loss recognised in other comprehensive income, property, plant
0
and equipment
Reversal of impairment loss recognised in other comprehensive income,
0
property, plant and equipment
Increase (decrease) through transfers and other changes, property, plant
and equipment [Abstract]
Increase (decrease) through transfers, property, plant and equipment 0
Increase (decrease) through other changes, property, plant and equipment 0
Total increase (decrease) through transfers and other changes,
0
property, plant and equipment
Disposals and retirements, property, plant and equipment [Abstract]
Disposals, property, plant and equipment 0.08
Retirements, property, plant and equipment 0
Total disposals and retirements, property, plant and equipment 0.08
Decrease through classified as held for sale, property, plant and equipment 0
Decrease through loss of control of subsidiary, property, plant and
0
equipment
Total increase (decrease) in property, plant and equipment 6.14
Property, plant and equipment at end of period 14.6 8.46

[612100] Notes - Impairment of assets

Unless otherwise specified, all monetary values are in Millions of INR
01/04/2017 01/04/2016
to to
31/03/2018 31/03/2017
Disclosure of impairment of assets [TextBlock]
Disclosure of impairment loss and reversal of impairment loss [TextBlock]
Whether there is any impairment loss or reversal of impairment loss
No No
during the year
Disclosure of information for impairment loss recognised or reversed
for individual Assets or cash-generating unit [TextBlock]
Whether impairment loss recognised or reversed for individual Assets
No No
or cash-generating unit

137
FLIPKART INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

[400700] Notes - Investment property

Unless otherwise specified, all monetary values are in Millions of INR
01/04/2017 01/04/2016
to to
31/03/2018 31/03/2017
Disclosure of investment property [TextBlock]
Depreciation method, investment property, cost model NA NA
Useful lives or depreciation rates, investment property, cost model NA NA

[400800] Notes - Goodwill

Disclosure of reconciliation of changes in goodwill [Table] ..(1)

Unless otherwise specified, all monetary values are in Millions of INR
Carrying amount accumulated amortization and impairment and Gross carrying
Carrying amount [Member]
gross carrying amount [Axis] amount [Member]
01/04/2017 01/04/2016 01/04/2017
to to 31/03/2016 to
31/03/2018 31/03/2017 31/03/2018
Disclosure of reconciliation of changes in goodwill
[Abstract]
Disclosure of reconciliation of changes in goodwill
[Line items]
Changes in goodwill [Abstract]
Acquisitions through business combinations,
0 0 0
goodwill
Increase (decrease) through net exchange
0 0 0
differences, goodwill
Impairment loss recognised in profit or loss,
0 0
goodwill
Increase (decrease) through transfers and
other changes, Goodwill [Abstract]
Increase (decrease) through transfers,
0 0 0
goodwill
Increase (decrease) through other changes,
0 0 0
goodwill
Total increase (decrease) through
0 0 0
transfers and other changes, goodwill
Disposals and retirements, Goodwill [Abstract]
Disposals, goodwill 0 0 0
Retirements, goodwill 0 0 0
Total disposals and retirements, goodwill 0 0 0
Decrease through classified as held for sale,
0 0 0
goodwill
Decrease through loss of control of subsidiary,
0 0 0
goodwill
Subsequent recognition of deferred tax assets,
0 0 0
goodwill
Total increase (decrease) in goodwill 0 0 0
Goodwill at end of period 18.23 18.23 18.23 18.23

138
FLIPKART INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

Disclosure of reconciliation of changes in goodwill [Table] ..(2)

Unless otherwise specified, all monetary values are in Millions of INR
Carrying amount accumulated amortization and impairment and Accumulated amortization and
Gross carrying amount [Member]
gross carrying amount [Axis] impairment [Member]
01/04/2016 01/04/2017 01/04/2016
to 31/03/2016 to to
31/03/2017 31/03/2018 31/03/2017
Disclosure of reconciliation of changes in goodwill
[Abstract]
Disclosure of reconciliation of changes in goodwill
[Line items]
Changes in goodwill [Abstract]
Acquisitions through business combinations,
0
goodwill
Increase (decrease) through net exchange
0
differences, goodwill
Impairment loss recognised in profit or loss,
0 0
goodwill
Increase (decrease) through transfers and
other changes, Goodwill [Abstract]
Increase (decrease) through transfers,
0 0 0
goodwill
Increase (decrease) through other changes,
0 0 0
goodwill
Total increase (decrease) through
0 0 0
transfers and other changes, goodwill
Disposals and retirements, Goodwill [Abstract]
Disposals, goodwill 0 0 0
Retirements, goodwill 0 0 0
Total disposals and retirements, goodwill 0 0 0
Decrease through classified as held for sale,
0 0 0
goodwill
Decrease through loss of control of subsidiary,
0 0 0
goodwill
Subsequent recognition of deferred tax assets,
0 0 0
goodwill
Total increase (decrease) in goodwill 0 0 0
Goodwill at end of period 18.23 18.23 0 0

Disclosure of reconciliation of changes in goodwill [Table] ..(3)

Unless otherwise specified, all monetary values are in Millions of INR
Accumulated
amortization and
Carrying amount accumulated amortization and impairment and gross carrying amount [Axis]
impairment
[Member]
31/03/2016
Disclosure of reconciliation of changes in goodwill [Abstract]
Disclosure of reconciliation of changes in goodwill [Line items]
Goodwill at end of period 0

139
FLIPKART INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

Unless otherwise specified, all monetary values are in Millions of INR

01/04/2017 01/04/2016
to to 31/03/2016
31/03/2018 31/03/2017
Disclosure of goodwill [TextBlock]
Disclosure of reconciliation of changes in goodwill [Abstract]
Changes in goodwill [Abstract]
Acquisitions through business combinations, goodwill 0 0
Increase (decrease) through net exchange differences, goodwill 0 0
Impairment loss recognised in profit or loss, goodwill 0 0
Increase (decrease) through transfers and other changes, Goodwill
[Abstract]
Increase (decrease) through transfers, goodwill 0 0
Increase (decrease) through other changes, goodwill 0 0
Total increase (decrease) through transfers and other changes,
0 0
goodwill
Disposals and retirements, Goodwill [Abstract]
Disposals, goodwill 0 0
Retirements, goodwill 0 0
Total disposals and retirements, goodwill 0 0
Decrease through classified as held for sale, goodwill 0 0
Decrease through loss of control of subsidiary, goodwill 0 0
Subsequent recognition of deferred tax assets, goodwill 0 0
Total increase (decrease) in goodwill 0 0
Goodwill at end of period 18.23 18.23 18.23

140
FLIPKART INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

[400900] Notes - Other intangible assets

Disclosure of detailed information about other intangible assets [Table] ..(1)

Unless otherwise specified, all monetary values are in Millions of INR
Classes of other intangible assets [Axis] Company other intangible assets [Member]
Internally generated and other than internally generated intangible assets
Sub classes of other intangible assets [Axis]
[Member]
Carrying amount accumulated amortization and impairment and Gross carrying
Carrying amount [Member]
gross carrying amount [Axis] amount [Member]
01/04/2017 01/04/2016 01/04/2017
to to 31/03/2016 to
31/03/2018 31/03/2017 31/03/2018
Disclosure of detailed information about other
intangible assets [Abstract]
Disclosure of detailed information about other
intangible assets [Line items]
Reconciliation of changes in other intangible
assets [Abstract]
Changes in Other intangible assets [Abstract]
Additions other than through business
0 0.12 0
combinations
Acquisitions through business combinations 0 0 0
Increase (decrease) through net exchange
0 0 0
differences
Amortisation other intangible assets -0.91 -1.96
Impairment loss recognised in profit or
0 0
loss
Reversal of impairment loss recognised
0 0
in profit or loss
Revaluation increase (decrease), other
0 0 0
intangible assets
Impairment loss recognised in other
comprehensive income, other intangible 0 0
assets
Reversal of impairment loss recognised in
other comprehensive income, other 0 0
intangible assets
Increase (decrease) through
transfers and other changes, other
intangible assets [Abstract]
Increase (decrease) through
0 0 0
transfers, other intangible assets
Increase (decrease) through other
0 0 0
changes
Total increase (decrease) through
transfers and other changes, Other 0 0 0
intangible assets
Disposals and retirements, other
intangible assets [Abstract]
Disposals 0 0 0
Retirements 0 0 0
Total Disposals and retirements,
0 0 0
Other intangible assets
Decrease through classified as held for
0 0 0
sale
Decrease through loss of control of
0 0 0
subsidiary
Total increase (decrease) in Other
-0.91 -1.84 0
intangible assets
Other intangible assets at end of period 0.38 1.29 3.13 20.86

141
FLIPKART INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

Disclosure of detailed information about other intangible assets [Table] ..(2)

Unless otherwise specified, all monetary values are in Millions of INR
Classes of other intangible assets [Axis] Company other intangible assets [Member]
Internally generated and other than internally generated intangible assets
Sub classes of other intangible assets [Axis]
[Member]
Carrying amount accumulated amortization and impairment and Accumulated amortization and
Gross carrying amount [Member]
gross carrying amount [Axis] impairment [Member]
01/04/2016 01/04/2017 01/04/2016
to 31/03/2016 to to
31/03/2017 31/03/2018 31/03/2017
Disclosure of detailed information about other
intangible assets [Abstract]
Disclosure of detailed information about other
intangible assets [Line items]
Reconciliation of changes in other intangible
assets [Abstract]
Changes in Other intangible assets [Abstract]
Additions other than through business
0.12
combinations
Acquisitions through business combinations 0
Increase (decrease) through net exchange
0
differences
Amortisation other intangible assets 0.91 1.96
Impairment loss recognised in profit or
0 0
loss
Reversal of impairment loss recognised
0 0
in profit or loss
Revaluation increase (decrease), other
0
intangible assets
Impairment loss recognised in other
comprehensive income, other intangible 0 0
assets
Reversal of impairment loss recognised in
other comprehensive income, other 0 0
intangible assets
Increase (decrease) through
transfers and other changes, other
intangible assets [Abstract]
Increase (decrease) through
0 0 0
transfers, other intangible assets
Increase (decrease) through other
0 0 0
changes
Total increase (decrease) through
transfers and other changes, Other 0 0 0
intangible assets
Disposals and retirements, other
intangible assets [Abstract]
Disposals 0 0 0
Retirements 0 0 0
Total Disposals and retirements,
0 0 0
Other intangible assets
Decrease through classified as held for
0 0 0
sale
Decrease through loss of control of
0 0 0
subsidiary
Total increase (decrease) in Other
0.12 0.91 1.96
intangible assets
Other intangible assets at end of period 20.86 20.74 20.48 19.57

142
FLIPKART INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

Disclosure of detailed information about other intangible assets [Table] ..(3)

Unless otherwise specified, all monetary values are in Millions of INR
Classes of other intangible assets [Axis] Company other intangible assets [Member]
Internally
generated and
other than
Sub classes of other intangible assets [Axis] internally Internally generated intangible assets [Member]
generated
intangible assets
[Member]
Accumulated
Carrying amount accumulated amortization and impairment and amortization and
Carrying amount [Member]
gross carrying amount [Axis] impairment
[Member]
01/04/2017 01/04/2016
31/03/2016 to to 31/03/2016
31/03/2018 31/03/2017
Disclosure of detailed information about other
intangible assets [Abstract]
Disclosure of detailed information about other
intangible assets [Line items]
Reconciliation of changes in other intangible
assets [Abstract]
Changes in Other intangible assets [Abstract]
Additions other than through business
0 0.12
combinations
Acquisitions through business combinations 0 0
Increase (decrease) through net exchange
0 0
differences
Amortisation other intangible assets -0.91 -1.96
Impairment loss recognised in profit or
0 0
loss
Reversal of impairment loss recognised
0 0
in profit or loss
Revaluation increase (decrease), other
0 0
intangible assets
Impairment loss recognised in other
comprehensive income, other intangible 0 0
assets
Reversal of impairment loss recognised in
other comprehensive income, other 0 0
intangible assets
Increase (decrease) through
transfers and other changes, other
intangible assets [Abstract]
Increase (decrease) through
0 0
transfers, other intangible assets
Increase (decrease) through other
0 0
changes
Total increase (decrease) through
transfers and other changes, Other 0 0
intangible assets
Disposals and retirements, other
intangible assets [Abstract]
Disposals 0 0
Retirements 0 0
Total Disposals and retirements,
0 0
Other intangible assets
Decrease through classified as held for
0 0
sale
Decrease through loss of control of
0 0
subsidiary
Total increase (decrease) in Other
-0.91 -1.84
intangible assets
Other intangible assets at end of period 17.61 0.38 1.29 3.13

143
FLIPKART INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

Disclosure of detailed information about other intangible assets [Table] ..(4)

Unless otherwise specified, all monetary values are in Millions of INR
Classes of other intangible assets [Axis] Company other intangible assets [Member]
Sub classes of other intangible assets [Axis] Internally generated intangible assets [Member]
Accumulated
Carrying amount accumulated amortization and impairment and amortization and
Gross carrying amount [Member]
gross carrying amount [Axis] impairment
[Member]
01/04/2017 01/04/2016 01/04/2017
to to 31/03/2016 to
31/03/2018 31/03/2017 31/03/2018
Disclosure of detailed information about other
intangible assets [Abstract]
Disclosure of detailed information about other
intangible assets [Line items]
Reconciliation of changes in other intangible
assets [Abstract]
Changes in Other intangible assets [Abstract]
Additions other than through business
0 0.12
combinations
Acquisitions through business combinations 0 0
Increase (decrease) through net exchange
0 0
differences
Amortisation other intangible assets 0.91
Impairment loss recognised in profit or
0
loss
Reversal of impairment loss recognised
0
in profit or loss
Revaluation increase (decrease), other
0 0
intangible assets
Impairment loss recognised in other
comprehensive income, other intangible 0
assets
Reversal of impairment loss recognised in
other comprehensive income, other 0
intangible assets
Increase (decrease) through
transfers and other changes, other
intangible assets [Abstract]
Increase (decrease) through
0 0 0
transfers, other intangible assets
Increase (decrease) through other
0 0 0
changes
Total increase (decrease) through
transfers and other changes, Other 0 0 0
intangible assets
Disposals and retirements, other
intangible assets [Abstract]
Disposals 0 0 0
Retirements 0 0 0
Total Disposals and retirements,
0 0 0
Other intangible assets
Decrease through classified as held for
0 0 0
sale
Decrease through loss of control of
0 0 0
subsidiary
Total increase (decrease) in Other
0 0.12 0.91
intangible assets
Other intangible assets at end of period 20.86 20.86 20.74 20.48

144
FLIPKART INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

Disclosure of detailed information about other intangible assets [Table] ..(5)

Unless otherwise specified, all monetary values are in Millions of INR
Company other intangible assets
Classes of other intangible assets [Axis] Computer software [Member]
[Member]
Internally generated intangible assets Internally generated intangible assets
Sub classes of other intangible assets [Axis]
[Member] [Member]
Carrying amount accumulated amortization and impairment and Accumulated amortization and
Carrying amount [Member]
gross carrying amount [Axis] impairment [Member]
01/04/2016 01/04/2017 01/04/2016
to 31/03/2016 to to
31/03/2017 31/03/2018 31/03/2017
Disclosure of detailed information about other
intangible assets [Abstract]
Disclosure of detailed information about other
intangible assets [Line items]
Reconciliation of changes in other intangible
assets [Abstract]
Changes in Other intangible assets [Abstract]
Additions other than through business
0 0.12
combinations
Acquisitions through business combinations 0 0
Increase (decrease) through net exchange
0 0
differences
Amortisation other intangible assets 1.96 -0.91 -1.96
Impairment loss recognised in profit or
0 0 0
loss
Reversal of impairment loss recognised
0 0 0
in profit or loss
Revaluation increase (decrease), other
0 0
intangible assets
Impairment loss recognised in other
comprehensive income, other intangible 0 0 0
assets
Reversal of impairment loss recognised in
other comprehensive income, other 0 0 0
intangible assets
Increase (decrease) through
transfers and other changes, other
intangible assets [Abstract]
Increase (decrease) through
0 0 0
transfers, other intangible assets
Increase (decrease) through other
0 0 0
changes
Total increase (decrease) through
transfers and other changes, Other 0 0 0
intangible assets
Disposals and retirements, other
intangible assets [Abstract]
Disposals 0 0 0
Retirements 0 0 0
Total Disposals and retirements,
0 0 0
Other intangible assets
Decrease through classified as held for
0 0 0
sale
Decrease through loss of control of
0 0 0
subsidiary
Total increase (decrease) in Other
1.96 -0.91 -1.84
intangible assets
Other intangible assets at end of period 19.57 17.61 0.38 1.29

145
FLIPKART INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

Disclosure of detailed information about other intangible assets [Table] ..(6)

Unless otherwise specified, all monetary values are in Millions of INR
Classes of other intangible assets [Axis] Computer software [Member]
Sub classes of other intangible assets [Axis] Internally generated intangible assets [Member]
Carrying amount accumulated amortization and impairment and Carrying amount
Gross carrying amount [Member]
gross carrying amount [Axis] [Member]
01/04/2017 01/04/2016
31/03/2016 to to 31/03/2016
31/03/2018 31/03/2017
Disclosure of detailed information about other
intangible assets [Abstract]
Disclosure of detailed information about other
intangible assets [Line items]
Reconciliation of changes in other intangible
assets [Abstract]
Changes in Other intangible assets [Abstract]
Additions other than through business
0 0.12
combinations
Acquisitions through business combinations 0 0
Increase (decrease) through net exchange
0 0
differences
Revaluation increase (decrease), other
0 0
intangible assets
Increase (decrease) through
transfers and other changes, other
intangible assets [Abstract]
Increase (decrease) through
0 0
transfers, other intangible assets
Increase (decrease) through other
0 0
changes
Total increase (decrease) through
transfers and other changes, Other 0 0
intangible assets
Disposals and retirements, other
intangible assets [Abstract]
Disposals 0 0
Retirements 0 0
Total Disposals and retirements,
0 0
Other intangible assets
Decrease through classified as held for
0 0
sale
Decrease through loss of control of
0 0
subsidiary
Total increase (decrease) in Other
0 0.12
intangible assets
Other intangible assets at end of period 3.13 20.86 20.86 20.74

146
FLIPKART INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

Disclosure of detailed information about other intangible assets [Table] ..(7)

Unless otherwise specified, all monetary values are in Millions of INR
Classes of other intangible assets [Axis] Computer software [Member]
Sub classes of other intangible assets [Axis] Internally generated intangible assets [Member]
Carrying amount accumulated amortization and impairment and gross carrying amount
Accumulated amortization and impairment [Member]
[Axis]
01/04/2017 01/04/2016
to to 31/03/2016
31/03/2018 31/03/2017
Disclosure of detailed information about other intangible assets
[Abstract]
Disclosure of detailed information about other intangible assets
[Line items]
Reconciliation of changes in other intangible assets [Abstract]
Changes in Other intangible assets [Abstract]
Amortisation other intangible assets 0.91 1.96
Impairment loss recognised in profit or loss 0 0
Reversal of impairment loss recognised in profit or loss 0 0
Impairment loss recognised in other comprehensive
0 0
income, other intangible assets
Reversal of impairment loss recognised in other
0 0
comprehensive income, other intangible assets
Increase (decrease) through transfers and other
changes, other intangible assets [Abstract]
Increase (decrease) through transfers, other intangible
0 0
assets
Increase (decrease) through other changes 0 0
Total increase (decrease) through transfers and
0 0
other changes, Other intangible assets
Disposals and retirements, other intangible assets
[Abstract]
Disposals 0 0
Retirements 0 0
Total Disposals and retirements, Other intangible assets 0 0
Decrease through classified as held for sale 0 0
Decrease through loss of control of subsidiary 0 0
Total increase (decrease) in Other intangible assets 0.91 1.96
Other intangible assets at end of period 20.48 19.57 17.61

Disclosure of additional information about other intangible assets [Table] ..(1)

Unless otherwise specified, all monetary values are in Millions of INR
Classes of other intangible assets [Axis] Computer software [Member]
Internally generated intangible assets
Sub classes of other intangible assets [Axis]
[Member]
01/04/2017 01/04/2016
to to
31/03/2018 31/03/2017
Disclosure of additional information about other intangible assets [Abstract]
Disclosure of additional information about other intangible assets [Line items]
Amortisation method, other intangible assets straight line basis straight line basis
Useful lives or amortisation rates, other intangible assets 1-3 Years 1-3 Years
Whether other intangible assets are stated at revalued amount No No

Unless otherwise specified, all monetary values are in Millions of INR

01/04/2017 01/04/2016
to to
31/03/2018 31/03/2017
Disclosure of other intangible assets [TextBlock]
Disclosure of detailed information about other intangible assets
[TextBlock]
Disclosure of intangible assets with indefinite useful life [TextBlock]
Whether there are intangible assets with indefinite useful life No No

147
FLIPKART INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

[401000] Notes - Biological assets other than bearer plants

Unless otherwise specified, all monetary values are in Millions of INR
01/04/2017 01/04/2016
to to
31/03/2018 31/03/2017
Disclosure of biological assets, agriculture produce at point of
harvest and government grants related to biological assets
[TextBlock]
Depreciation method, biological assets other than bearer plants, at cost NA NA
Useful lives or depreciation rates, biological assets other than bearer
NA NA
plants, at cost

[611100] Notes - Financial instruments

Disclosure of financial assets [Table] ..(1)

Unless otherwise specified, all monetary values are in Millions of INR
Financial assets at amortised cost, class
Classes of financial assets [Axis] Trade receivables [Member]
[Member]
Financial assets at amortised cost, Financial assets at amortised cost,
Categories of financial assets [Axis]
category [Member] category [Member]
01/04/2017 01/04/2016
to to 31/03/2018 31/03/2017
31/03/2018 31/03/2017
Disclosure of financial assets [Abstract]
Disclosure of financial assets [Line items]
Financial assets 31,802.03 27,047.76 12,355.88 8,928.12
Financial assets, at fair value 31,802.03 27,047.76 12,355.88 8,928.12
Current and Non Current and Non
Description of other financial assets at
Current Financial Current Financial
amortised cost class Assets Assets

Disclosure of financial assets [Table] ..(2)

Unless otherwise specified, all monetary values are in Millions of INR
Other financial assets at amortised cost Other financial assets at amortised cost
Classes of financial assets [Axis]
class [Member] class 1 [Member]
Financial assets at amortised cost, Financial assets at amortised cost,
Categories of financial assets [Axis]
category [Member] category [Member]
01/04/2017 01/04/2016 01/04/2017 01/04/2016
to to to to
31/03/2018 31/03/2017 31/03/2018 31/03/2017
Disclosure of financial assets [Abstract]
Disclosure of financial assets [Line items]
Financial assets 31,802.03 27,047.76 (A) 22,758.97 (B) 25,767.72
Financial assets, at fair value 31,802.03 27,047.76 22,758.97 25,767.72
Current and Non Current and Non Current Financial Current Financial
Description of other financial assets at
Current Financial Current Financial Assets. Description Assets. Description in
amortised cost class Assets Assets in footnote footnote

Footnotes
(A) Current assets: (iii) Cash and cash equivalent Rs. 702.56 Mn + (iv) Loans Rs. 3,136.76 Mn + (v) Others Rs. 18,919.65 Mn
(B) Current Financial Assets: (iii) Cash and cash equivalent Rs.7,737.70 Mn + (iv) Loans Rs. 13,349.09 Mn + (v) Others Rs.
4,680.93Mn

148
FLIPKART INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

Disclosure of financial assets [Table] ..(3)

Unless otherwise specified, all monetary values are in Millions of INR
Other financial assets at amortised cost Financial assets at fair value, class
Classes of financial assets [Axis]
class 2 [Member] [Member]
Financial assets at fair value through
Financial assets at amortised cost, profit or loss, designated upon initial
Categories of financial assets [Axis]
category [Member] recognition or subsequently, category
[Member]
01/04/2017 01/04/2016 01/04/2017 01/04/2016
to to to to
31/03/2018 31/03/2017 31/03/2018 31/03/2017
Disclosure of financial assets [Abstract]
Disclosure of financial assets [Line items]
Financial assets (A) 9,043.06 (B) 1,280.04 20,532.12 7,703.96
Financial assets, at fair value 9,043.06 1,280.04 20,532.12 7,703.96
Description of other financial assets at Non-Current Other Non-Current Other
amortised cost class Financial Assets Financial Assets
Current and Investments in
Description of other financial assets at fair
Non-current mutual funds
value class Investments (quoted)

Footnotes
(A) Non-current assets: (i) Investments Rs. 5,709.58 Mn + (ii) Loans Rs. NIL + (iii) Others Rs. 9,043.06 Mn
(B) Non-current Financial Assets: (ii) Loans Rs. 14.86 Mn + (iii) Others Rs. 1,265.18 Mn

Disclosure of financial assets [Table] ..(4)

Unless otherwise specified, all monetary values are in Millions of INR
Financial assets at fair value, class
Classes of financial assets [Axis] Trading securities [Member]
[Member]
Financial assets measured at fair value
Financial assets at fair value through
Categories of financial assets [Axis] through other comprehensive income,
profit or loss, category [Member]
category [Member]
01/04/2017 01/04/2016 01/04/2017 01/04/2016
to to to to
31/03/2018 31/03/2017 31/03/2018 31/03/2017
Disclosure of financial assets [Abstract]
Disclosure of financial assets [Line items]
Financial assets 1,259.44 0 1,259.44 7,703.96
Financial assets, at fair value 1,259.44 0 20,532.12 7,703.96
Current and Investments in
Description of other financial assets at fair Investments in bonds
Not Applicable Non-current mutual funds
value class (quoted)
Investments (quoted)

Disclosure of financial assets [Table] ..(5)

Unless otherwise specified, all monetary values are in Millions of INR
Classes of financial assets [Axis] Trading securities [Member]
Financial assets at fair value through
Financial assets at fair value through
profit or loss, designated upon initial
Categories of financial assets [Axis] other comprehensive income, category
recognition or subsequently, category
[Member]
[Member]
01/04/2017 01/04/2016 01/04/2017 01/04/2016
to to to to
31/03/2018 31/03/2017 31/03/2018 31/03/2017
Disclosure of financial assets [Abstract]
Disclosure of financial assets [Line items]
Financial assets 20,532.12 7,703.96 1,259.44 0
Financial assets, at fair value (A) 20,532.12 7,703.96 1,259.44 0
Current and Investments in
Description of other financial assets at fair Investments in bonds
Non-current mutual funds Not Applicable
value class (quoted)
Investments (quoted)

Footnotes
(A) Non-current: Investments in non-convertible debentures (quoted) Rs. 2,950.14 + Investments in bonds (quoted) Rs. 1,500.00 and
Non-current: Investments in mutual funds (quoted) Rs.14,121.16 Mn + Investments in non-convertible debentures (quoted) Rs.
997.08 Mn + Investments in commercial paper (unquoted) Rs. 963.74 Mn

149
FLIPKART INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

Disclosure of financial assets [Table] ..(6)

Unless otherwise specified, all monetary values are in Millions of INR
Classes of financial assets [Axis] Trading securities [Member]
Financial assets measured at fair value
Categories of financial assets [Axis] through other comprehensive income,
category [Member]
01/04/2017 01/04/2016
to to
31/03/2018 31/03/2017
Disclosure of financial assets [Abstract]
Disclosure of financial assets [Line items]
Financial assets 1,259.44 0
Financial assets, at fair value 1,259.44 0
Investments in bonds
Description of other financial assets at fair value class (quoted)
Not Applicable

Disclosure of financial liabilities [Table] ..(1)

Unless otherwise specified, all monetary values are in Millions of INR
Financial liabilities at amortised cost,
Classes of financial liabilities [Axis]
class [Member]
Financial liabilities at amortised cost,
Categories of financial liabilities [Axis]
category [Member]
31/03/2018 31/03/2017
Disclosure of financial liabilities [Abstract]
Disclosure of financial liabilities [Line items]
Financial liabilities (A) 31,013.12 (B) 22,916.81
Financial liabilities, at fair value 31,013.12 22,916.81

Footnotes
(A) Current Liabilities: (i) Borrowings Rs. 2,285.10 Mn + (ii) Trade payables Rs. 28,705.66 Mn + (iii) Others Rs. 22.36 Mn
(B) Current Liabilities: (i) Borrowings Rs. NIL + (ii) Trade payables Rs. 22,876.60 Mn + (iii) Others Rs. 40.21 Mn

[400400] Notes - Non-current investments

Details of non-current investments [Table] ..(1)

Unless otherwise specified, all monetary values are in Millions of INR
Classification of non-current investments [Axis] Column 1
01/04/2017 01/04/2016
to to
31/03/2018 31/03/2017
Non-current investments [Abstract]
Disclosure of details of non-current investments [Abstract]
Details of non-current investments [Line items]
Investments in
Investments in
Type of non-current investments debentures or bonds
debentures or
bonds
Other
Class of non-current investments Other investments
investments
non-convertible
Nature of non-current investments debentures (quoted), Not Applicable
bonds (quoted)
Non-current investments 5,709.58 0
Name of body corporate in whom investment has been made Various Not Applicable

Unless otherwise specified, all monetary values are in Millions of INR

31/03/2018 31/03/2017
Disclosure of notes on non-current investments explanatory [TextBlock]
Aggregate amount of quoted non-current investments 5,709.58 0
Market value of quoted non-current investments 5,709.58 0
Aggregate amount of unquoted non-current investments 0 0
Aggregate provision for diminution in value of non-current investments 0 0

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FLIPKART INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

[400500] Notes - Current investments

Details of current investments [Table] ..(1)

Unless otherwise specified, all monetary values are in Millions of INR
Classification of current investments [Axis] Column 1 Column 2
01/04/2017 01/04/2016 01/04/2017 01/04/2016
to to to to
31/03/2018 31/03/2017 31/03/2018 31/03/2017
Current investments [Abstract]
Disclosure of details of current investments
[Abstract]
Details of current investments [Line items]
Investments in Investments in Investments in Investments in
Type of current investments mutual funds mutual funds debentures or bonds debentures or bonds
Class of current investments Current investments Current investments Current investments Current investments
Non Convertible - Non Convertible -
Nature of current investments quoted quoted
Quoted Quoted
Current investments 14,121.16 7,703.96 997.08 0
Basis of valuation of current investments FVTPL FVTPL FVTPL FVTPL
Name of body corporate in whom investment has
Various Various Various Various
been made

Details of current investments [Table] ..(2)

Unless otherwise specified, all monetary values are in Millions of INR
Classification of current investments [Axis] Column 3
01/04/2017 01/04/2016
to to
31/03/2018 31/03/2017
Current investments [Abstract]
Disclosure of details of current investments [Abstract]
Details of current investments [Line items]
Other current Other current
Type of current investments investments investments
Class of current investments Current investments Current investments
commercial paper commercial paper
Nature of current investments (unquoted) (unquoted)
Current investments 963.74 0
Basis of valuation of current investments FVTPL FVTPL
Name of body corporate in whom investment has been made Various Various

Unless otherwise specified, all monetary values are in Millions of INR

31/03/2018 31/03/2017
Disclosure of notes on current investments explanatory [TextBlock]
Aggregate amount of quoted current investments 15,118.24 7,703.96
Market value of quoted current investments 15,118.24 7,703.96
Aggregate amount of unquoted current investments 963.74 0
Aggregate provision for diminution in value of current investments 0 0

[611600] Notes - Non-current asset held for sale and discontinued operations
Unless otherwise specified, all monetary values are in Millions of INR
01/04/2017 01/04/2016
to to
31/03/2018 31/03/2017
Disclosure of non-current assets held for sale and discontinued operations
[TextBlock]
Net cash flows from (used in) operating activities, continuing
-51,471.71 -4,031.4
operations
Net cash flows from (used in) operating activities -51,471.71 -4,031.4
Net cash flows from (used in) investing activities, continuing
-2,429.53 3,739.14
operations
Net cash flows from (used in) investing activities -2,429.53 3,739.14
Net cash flows from (used in) financing activities, continuing
46,866.1 -4,610.29
operations
Net cash flows from (used in) financing activities 46,866.1 -4,610.29

151
FLIPKART INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

[400100] Notes - Equity share capital

Disclosure of classes of equity share capital [Table] ..(1)

Unless otherwise specified, all monetary values are in Millions of INR
Equity shares 1
Classes of equity share capital [Axis] Equity shares [Member]
[Member]
01/04/2017 01/04/2016 01/04/2017
to to 31/03/2016 to
31/03/2018 31/03/2017 31/03/2018
Disclosure of classes of equity share capital [Abstract]
Disclosure of classes of equity share capital [Line
items]
Type of share Equity Shares
Number of shares authorised [shares] 1,00,00,000 [shares] 1,00,00,000 [shares] 1,00,00,000
Value of shares authorised 10 10 10
Number of shares issued [shares] 72,76,968 [shares] 54,05,639 [shares] 72,76,968
Value of shares issued 7.276968 5.405639 7.276968
Number of shares subscribed and fully paid [shares] 72,76,968 [shares] 54,05,639 [shares] 72,76,968
Value of shares subscribed and fully paid 7.276968 5.405639 7.276968
Number of shares subscribed but not fully paid [shares] 0 [shares] 0 [shares] 0
Value of shares subscribed but not fully paid 0 0 0
Total number of shares subscribed [shares] 72,76,968 [shares] 54,05,639 [shares] 72,76,968
Total value of shares subscribed 7.276968 5.405639 7.276968
Value of shares paid-up [Abstract]
Number of shares paid-up [shares] 72,76,968 [shares] 54,05,639 [shares] 72,76,968
Value of shares called 7.276968 5.405639 7.276968
Value of shares paid-up 7.276968 5.405639 7.276968
Par value per share [INR/shares] 1
Amount per share called in case shares not fully
[INR/shares] 0
called
Reconciliation of number of shares outstanding
[Abstract]
Changes in number of shares outstanding
[Abstract]
Increase in number of shares outstanding
[Abstract]
Number of shares issued as rights [shares] 18,71,329 [shares] 0 [shares] 18,71,329
Total aggregate number of shares issued
[shares] 18,71,329 [shares] 0 [shares] 18,71,329
during period
Total increase (decrease) in number of
[shares] 18,71,329 [shares] 0 [shares] 18,71,329
shares outstanding
Number of shares outstanding at end of period [shares] 72,76,968 [shares] 54,05,639 [shares] 54,05,639 [shares] 72,76,968
Reconciliation of value of shares outstanding
[Abstract]
Changes in equity share capital [Abstract]
Increase in equity share capital during
period [Abstract]
Amount of rights issue during period 1.871329 0 1.871329
Total aggregate amount of increase
1.871329 0 1.871329
in equity share capital during period
Total increase (decrease) in share capital 1.871329 0 1.871329
Equity share capital at end of period 7.276968 5.405639 5.40563 7.276968
Shares in company held by holding company or
ultimate holding company or by its subsidiaries
or associates [Abstract]
Shares in company held by holding company [shares] 72,76,967 [shares] 54,05,638 [shares] 72,76,967
Total shares in company held by holding company
or ultimate holding company or by its [shares] 72,76,967 [shares] 54,05,638 [shares] 72,76,967
subsidiaries or associates
Details of application money received for
allotment of securities and due for refund and
interest accrued thereon [Abstract]
Application money received for allotment of
securities and due for refund and interest
accrued thereon [Abstract]
Total application money received for
allotment of securities and due for refund 0 0
and interest accrued thereon
Type of share Equity Shares

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FLIPKART INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

Disclosure of classes of equity share capital [Table] ..(2)

Unless otherwise specified, all monetary values are in Millions of INR
Classes of equity share capital [Axis] Equity shares 1 [Member]
01/04/2016
to 31/03/2016
31/03/2017
Disclosure of classes of equity share capital [Abstract]
Disclosure of classes of equity share capital [Line items]
Type of share Equity Shares
Number of shares authorised [shares] 1,00,00,000
Value of shares authorised 10
Number of shares issued [shares] 54,05,639
Value of shares issued 5.405639
Number of shares subscribed and fully paid [shares] 54,05,639
Value of shares subscribed and fully paid 5.405639
Number of shares subscribed but not fully paid [shares] 0
Value of shares subscribed but not fully paid 0
Total number of shares subscribed [shares] 54,05,639
Total value of shares subscribed 5.405639
Value of shares paid-up [Abstract]
Number of shares paid-up [shares] 54,05,639
Value of shares called 5.405639
Value of shares paid-up 5.405639
Par value per share [INR/shares] 1
Amount per share called in case shares not fully called [INR/shares] 0
Reconciliation of number of shares outstanding [Abstract]
Changes in number of shares outstanding [Abstract]
Increase in number of shares outstanding [Abstract]
Number of shares issued as rights [shares] 0
Total aggregate number of shares issued during period [shares] 0
Total increase (decrease) in number of shares outstanding [shares] 0
Number of shares outstanding at end of period [shares] 54,05,639 [shares] 54,05,639
Reconciliation of value of shares outstanding [Abstract]
Changes in equity share capital [Abstract]
Increase in equity share capital during period [Abstract]
Amount of rights issue during period 0
Total aggregate amount of increase in equity share capital during period 0
Total increase (decrease) in share capital 0
Equity share capital at end of period 5.405639 5.405639
Shares in company held by holding company or ultimate holding company or by its
subsidiaries or associates [Abstract]
Shares in company held by holding company [shares] 54,05,638
Total shares in company held by holding company or ultimate holding company
[shares] 54,05,638
or by its subsidiaries or associates
Type of share Equity Shares

Disclosure of shareholding more than five per cent in company [Table] ..(1)
Unless otherwise specified, all monetary values are in Millions of INR
Classes of equity share capital [Axis] Equity shares 1 [Member]
Name of shareholder [Axis] Name of shareholder [Member] Shareholder 1 [Member]
01/04/2017 01/04/2016 01/04/2017 01/04/2016
to to to to
31/03/2018 31/03/2017 31/03/2018 31/03/2017
Type of share Equity Shares Equity Shares Equity shares Equity shares
Disclosure of shareholding more than five per cent in
company [Abstract]
Disclosure of shareholding more than five per cent
in company [LineItems]
Type of share Equity Shares Equity Shares Equity shares Equity shares
(A) Flipkart (C) Flipkart
Name of shareholder Limited
(B) Flipkart Limited
Limited
(D) Flipkart Limited

Country of incorporation or residence of

SINGAPORE SINGAPORE SINGAPORE SINGAPORE
shareholder
Number of shares held in company [shares] 72,76,967 [shares] 54,05,638 [shares] 72,76,967 [shares] 54,05,638
Percentage of shareholding in company 100.00% 100.00% 100.00% 100.00%

153
FLIPKART INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

Footnotes
(A) Name is changed to Flipkart Private Limited w.e.f May 3, 2018
(B) Name is changed to Flipkart Private Limited w.e.f May 3, 2018
(C) Name is changed to Flipkart Private Limited w.e.f May 3, 2018
(D) Name is changed to Flipkart Private Limited w.e.f May 3, 2018
Unless otherwise specified, all monetary values are in Millions of INR
01/04/2017 01/04/2016
to to
31/03/2018 31/03/2017
Textual information (6)
Disclosure of notes on equity share capital explanatory [TextBlock] [See below]
Whether there are any shareholders holding more than five per cent
Yes Yes
shares in company
Whether money raised from public offering during year No No

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FLIPKART INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

Textual information (6)

Disclosure of notes on equity share capital explanatory [Text Block]

9. Share capital

As at March 31, 2018 As at March 31, 2017

Authorized share capital

10,000,000 (March 31, 2017: 10,000,000) equity shares of Re.1 each 10.00 10.00

Issued, subscribed and fully paid-up shares capital

7,276,968 (March 31, 2017: 5,405,639) equity shares of Re.1 each 7.28 5.41

Total issued, subscribed and fully paid-up shares 7.28 5.41

a. Reconciliation of shares outstanding at the beginning and at the end of the reporting year:

- As at March 31, 2018 - As at March 31, 2017 -

- No. of shares Amount No. of shares Amount

Equity shares of Re. 1 each fully paid up

At the beginning of the year 54,05,639 5.41 54,05,639 5.41

Issued during the year 18,71,329 1.87 - -

Outstanding at the end of the year 72,76,968 7.28 54,05,639 5.41

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FLIPKART INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

b. Terms and rights attached to equity shares:

The Company has only one class of equity share having par value of Re. 1 per share. Each holder of equity share is entitled to one vote per
share. In the event of liquidation of the Company, the holders of equity shares will be entitled to receive remaining assets of the Company,
after distribution of all preferential amounts. The distribution will be in proportion to the number of equity shares held by the shareholders.

c. Details of shareholders holding more than 5% shares in the Company:

- As at March 31, 2018 - As at March 31, 2017 -

- No. of shares % holding No. of shares % holding

Equity shares of Re. 1 each fully paid up

Flipkart Limited, Singapore, the holding company 72,76,967 100% 54,05,638 100%

As per the records of the Company, including its register of shareholders / members and other declarations received from the shareholders
regarding beneficial interest, the above shareholding represents both legal and beneficial ownership of shares.

d. Shares held by holding/ ultimate holding company and/ or their subsidiaries/ associates:

- As at March 31, 2018 As at March 31, 2017

Flipkart Limited, Singapore (holding company) - -

7,276,967 (March 31, 2017: 5,405,638) equity shares of Re. 1 each 72,76,967 54,05,638

Flipkart Marketplace Private Limited, Singapore (fellow subsidiary)

1 (March 31, 2017: 1) equity share of Re. 1 each 1 1

156
FLIPKART INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

[400300] Notes - Borrowings

Classification of borrowings [Table] ..(1)

Unless otherwise specified, all monetary values are in Millions of INR
Classification based on current non-current [Axis] Current [Member]
Classification of borrowings [Axis] Borrowings [Member] Intercorporate borrowings [Member]
Subclassification of borrowings [Axis] Unsecured borrowings [Member] Unsecured borrowings [Member]
31/03/2018 31/03/2017 31/03/2018 31/03/2017
Borrowings notes [Abstract]
Details of borrowings [Abstract]
Details of borrowings [Line items]
Borrowings 2,285.1 0 2,285.1 0
Details on loans guaranteed [Abstract]
Aggregate amount of loans guaranteed by
0 0 0 0
directors
Aggregate amount of loans guaranteed by
0 0 0 0
others
Details on defaults on borrowings [Abstract]
Outstanding amount of continuing default
0 0 0 0
principal
Outstanding amount of continuing default
0 0 0 0
interest

[612700] Notes - Income taxes

Unless otherwise specified, all monetary values are in Millions of INR
01/04/2017 01/04/2016
to to
31/03/2018 31/03/2017
Textual information (7)
Disclosure of income tax [TextBlock] [See below]
Reconciliation of accounting profit multiplied by applicable tax rates
[Abstract]
Accounting profit 0 0
Reconciliation of average effective tax rate and applicable tax rate
[Abstract]
Accounting profit 0 0

157
FLIPKART INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

Textual information (7)

Disclosure of income tax [Text Block]

10. Income tax

The Company has no taxable income for the financial years March 31, 2018 and 2017 and accordingly, no provision for taxation has been
made.

a) Reconciliation of tax expenses and accounting loss

As at March 31, 2018 As at March 31, 2017

Accounting losses before taxes (20,648.26) (2,447.33)

At India's statutory income tax rate of 31.20% (March 31, 2017: 30.90%) (6,442.26) (756.23)

Adjustments:

Deferred tax assets not recognized on tax losses 6,442.26 756.23

- -

b) Deferred tax:

Deferred tax relates to the following

As at March 31, 2018 As at March 31, 2017

Accelerated depreciation for tax purposes 24.85 4.31

Revaluations of current investments to fair value (24.85) (4.31)

Net Deferred tax asset/ (liability) - -

158
FLIPKART INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

b) Reflected in the balance sheet as follows:

As at March 31, 2018 As at March 31, 2017

Deferred tax assets 24.85 4.31

Deferred tax liabilities (24.85) (4.31)

Deferred tax assets / (liabilities), net - -

[611000] Notes - Exploration for and evaluation of mineral resources

Unless otherwise specified, all monetary values are in Millions of INR
01/04/2017 01/04/2016
to to
31/03/2018 31/03/2017
Disclosure of exploration and evaluation assets [TextBlock]
Whether there are any exploration and evaluation activities No No

[611900] Notes - Accounting for government grants and disclosure of government assistance
Unless otherwise specified, all monetary values are in Millions of INR
01/04/2017 01/04/2016
to to
31/03/2018 31/03/2017
Disclosure of accounting for government grants and disclosure of government
assistance [TextBlock]
Whether company has received any government grant or government assistance No No
Capital subsidies or grants received from government authorities 0 0
Revenue subsidies or grants received from government authorities 0 0

159
FLIPKART INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

[401100] Notes - Subclassification and notes on liabilities and assets

Details of advances [Table] ..(1)

Unless otherwise specified, all monetary values are in Millions of INR
Classification based on current non-current [Axis] Non-current [Member] Current [Member]
Classification of advances [Axis] Capital advances [Member] Advances [Member]
Classification of assets based on security [Axis] Unsecured considered good [Member] Unsecured considered good [Member]
31/03/2018 31/03/2017 31/03/2018 31/03/2017
Subclassification and notes on liabilities and assets
[Abstract]
Disclosure of notes on advances [Abstract]
Disclosure of advances [Abstract]
Disclosure of advances [Line items]
Advances 0 1.39 430.56 223.44
Details of advance due by directors other
officers or others [Abstract]
Advance due by directors 0 0 0 0
Advance due by other officers 0 0 0 0
Advance due by others 0 0 0 0
Total advance due by directors other
0 0 0 0
officers or others
Details of advance due by firms or
companies in which any director
is partner or director [Abstract]
Advance due by firms in which any
0 0 0 0
director is partner
Advance due by private companies in
0 0 0 0
which any director is director
Advance due by private companies in
0 0 0 0
which any director is member
Total advance due by firms or
companies in which any director 0 0 0 0
is partner or director

Details of advances [Table] ..(2)

Unless otherwise specified, all monetary values are in Millions of INR
Classification based on current non-current [Axis] Current [Member]
Classification of advances [Axis] Advances given suppliers [Member]
Classification of assets based on security [Axis] Unsecured considered good [Member]
31/03/2018 31/03/2017
Subclassification and notes on liabilities and assets [Abstract]
Disclosure of notes on advances [Abstract]
Disclosure of advances [Abstract]
Disclosure of advances [Line items]
Advances 430.56 223.44
Details of advance due by directors other officers or others [Abstract]
Advance due by directors 0 0
Advance due by other officers 0 0
Advance due by others 0 0
Total advance due by directors other officers or others 0 0
Details of advance due by firms or companies in which any director is
partner or director [Abstract]
Advance due by firms in which any director is partner 0 0
Advance due by private companies in which any director is director 0 0
Advance due by private companies in which any director is member 0 0
Total advance due by firms or companies in which any director is partner
0 0
or director

160
FLIPKART INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

Disclosure of breakup of provisions [Table] ..(1)

Unless otherwise specified, all monetary values are in Millions of INR
Classification based on current non-current [Axis] Non-current [Member] Current [Member]
31/03/2018 31/03/2017 31/03/2018 31/03/2017
Subclassification and notes on liabilities and assets
[Abstract]
Provisions notes [Abstract]
Disclosure of breakup of provisions [Abstract]
Disclosure of breakup of provisions [Line items]
Provisions [Abstract]
Provisions for employee benefits
[Abstract]
Provision other employee related
(A) 76.18 (B) 54.82 (C) 103.28 (D) 104.58
liabilities
Total provisions for employee benefits 76.18 54.82 103.28 104.58
CSR expenditure provision 0 0 0 0
Total provisions 76.18 54.82 103.28 104.58

Footnotes
(A) Provision for employee benefits*
(B) Provision for employee benefits*
(C) Provision for employee benefits*
(D) Provision for employee benefits*

Other current liabilities, others [Table] ..(1)

Unless otherwise specified, all monetary values are in Millions of INR
Other current liabilities, others [Axis] Column 1
01/04/2017 01/04/2016
to to
31/03/2018 31/03/2017
Subclassification and notes on liabilities and assets [Abstract]
Disclosure of other current liabilities notes [Abstract]
Other current liabilities [Abstract]
Other current liabilities, others 4,047.17 1,139.79
Other current liabilities, others [Abstract]
Other current liabilities, others [Line items]
Payable to statutory Payable to statutory
Description of other current liabilities, others authorities authorities
Other current liabilities, others 4,047.17 1,139.79

Other non-current financial assets, others [Table] ..(1)

Unless otherwise specified, all monetary values are in Millions of INR
Classification of other non-current financial assets others [Axis] Column 2
01/04/2017 01/04/2016
to to
31/03/2018 31/03/2017
Subclassification and notes on liabilities and assets [Abstract]
Other non-current financial assets notes [Abstract]
Other non-current financial assets [Abstract]
Other non-current financial assets, others 9,000 1,260
Other non-current financial assets, others [Abstract]
Other non-current financial assets, others [Line items]
Description other non-current financial assets, others Other non-bank deposits bank deposits
Other non-current financial assets, others 9,000 1,260

161
FLIPKART INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

Other current financial liabilities, others [Table] ..(1)

Unless otherwise specified, all monetary values are in Millions of INR
Other current financial liabilities, others [Axis] Column 1 Column 2
01/04/2017 01/04/2016 01/04/2017 01/04/2016
to to to to
31/03/2018 31/03/2017 31/03/2018 31/03/2017
Subclassification and notes on liabilities and assets
[Abstract]
Disclosure of other current financial liabilities
notes [Abstract]
Other current financial liabilities [Abstract]
Other current financial liabilities, others 6 9.02 9.18 31.19
Other current financial liabilities, others
[Abstract]
Other current financial liabilities, others
[Line items]
Description of other current financial Payables for capital Payables for capital
Other liabilities Other liabilities
liabilities, others expenditure expenditure
Other current financial liabilities,
6 9.02 9.18 31.19
others

Classification of inventories [Table] ..(1)

Unless otherwise specified, all monetary values are in Millions of INR
Classification of inventories [Axis] Company inventories [Member] Stock-in-trade [Member]
01/04/2017 01/04/2016 01/04/2017 01/04/2016
to to to to
31/03/2018 31/03/2017 31/03/2018 31/03/2017
Subclassification and notes on liabilities and assets
[Abstract]
Inventories notes [Abstract]
Classification of inventories [Abstract]
Classification of inventories [Line items]
Inventories 22,530.94 17,431.84 21,399.52 17,014.66
Goods in transit 1,131.42 417.18 1,131.42 417.18
lower of cost and lower of cost and net lower of cost and lower of cost and net
Mode of valuation net realizable value realizable value net realizable value realizable value

Other current financial assets others [Table] ..(1)

Unless otherwise specified, all monetary values are in Millions of INR
Other current financial assets others [Axis] Column 1 Column 2
01/04/2017 01/04/2016 01/04/2017 01/04/2016
to to to to
31/03/2018 31/03/2017 31/03/2018 31/03/2017
Subclassification and notes on liabilities and assets
[Abstract]
Other current financial assets [Abstract]
Other current financial assets others 1,140.23 0 15,000 0
Other current financial assets others [Abstract]
Other current financial assets others [Line
items]
Description other current financial assets Bank deposits (refer Bank deposits (refer Other non-bank Other non-bank
others note 6 (iii) (a)) note 6 (iii) (a)) deposits deposits
Other current financial assets others 1,140.23 0 15,000 0

Other current financial assets others [Table] ..(2)

Unless otherwise specified, all monetary values are in Millions of INR
Other current financial assets others [Axis] Column 3 Column 4
01/04/2017 01/04/2016 01/04/2017 01/04/2016
to to to to
31/03/2018 31/03/2017 31/03/2018 31/03/2017
Subclassification and notes on liabilities and assets
[Abstract]
Other current financial assets [Abstract]
Other current financial assets others (A) 104.93 (B) 3,100.98 574.55 471.42
Other current financial assets others [Abstract]
Other current financial assets others [Line
items]
Description other current financial assets
Restricted cash* Restricted cash* Interest accrued Interest accrued
others
Other current financial assets others (A) 104.93 (B) 3,100.98 574.55 471.42

162
FLIPKART INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

Footnotes
(A) *Represents fixed deposits amounting to Rs. 104.93 Mn given as collateral against bank guarantees and letter of credit.
(B) *Represents fixed deposits amounting to Rs. 3,100.98 Mn given as collateral against bank guarantees and letter of credit.

Other current financial assets others [Table] ..(3)

Unless otherwise specified, all monetary values are in Millions of INR
Other current financial assets others [Axis] Column 5
01/04/2017 01/04/2016
to to
31/03/2018 31/03/2017
Subclassification and notes on liabilities and assets [Abstract]
Other current financial assets [Abstract]
Other current financial assets others 1,980.04 1,082.69
Other current financial assets others [Abstract]
Other current financial assets others [Line items]
Description other current financial assets others Others Others
Other current financial assets others 1,980.04 1,082.69

Other non-current assets, others [Table] ..(1)

Unless otherwise specified, all monetary values are in Millions of INR
Other non-current assets, others [Axis] Column 1 Column 2
01/04/2017 01/04/2016 01/04/2017 01/04/2016
to to to to
31/03/2018 31/03/2017 31/03/2018 31/03/2017
Subclassification and notes on liabilities and assets
[Abstract]
Other non-current assets notes [Abstract]
Other non-current assets [Abstract]
Other non-current assets, others 0 1.04 158.63 111.4
Other non-current assets, others [Abstract]
Other non-current assets, others [Line items]
Description of other non-current assets, Advance income Advance income tax
Prepaid expenses Prepaid expenses
others tax (net) (net)
Other non-current assets, others 0 1.04 158.63 111.4

Details of loans [Table] ..(1)

Unless otherwise specified, all monetary values are in Millions of INR
Classification based on current non-current [Axis] Non-current [Member] Current [Member]
Classification of loans [Axis] Security deposits [Member] Loans [Member]
Classification of assets based on security [Axis] Unsecured considered good [Member] Unsecured considered good [Member]
31/03/2018 31/03/2017 31/03/2018 31/03/2017
Subclassification and notes on liabilities and assets
[Abstract]
Loans notes [Abstract]
Disclosure of loans [Abstract]
Details of loans [Line items]
Loans , gross 0 14.86 3,136.76 13,349.09
Allowance for bad and doubtful loans 0 0 0 0
Total loans 0 14.86 3,136.76 13,349.09
Details of loans due by directors, other
officers or others [Abstract]
Loans due by directors 0 0 0 0
Loans due by other officers 0 0 0 0
Loans due by others 0 0 0 0
Total loans due by directors, other
0 0 0 0
officers or others
Details of loans due by firms or
companies in which any director
is partner or director [Abstract]
Loans due by firms in which any director
0 0 0 0
is partner
Loans due by private companies in
0 0 0 0
which any director is director
Loans due by private companies in
0 0 0 0
which any director is member
Total loans due by firms or
companies in which any director 0 0 0 0
is partner or director

163
FLIPKART INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

Details of loans [Table] ..(2)

Unless otherwise specified, all monetary values are in Millions of INR
Classification based on current non-current [Axis] Current [Member]
Classification of loans [Axis] Loans [Member] Security deposits [Member]
Classification of assets based on security [Axis] Doubtful [Member] Unsecured considered good [Member]
31/03/2018 31/03/2017 31/03/2018 31/03/2017
Subclassification and notes on liabilities and assets
[Abstract]
Loans notes [Abstract]
Disclosure of loans [Abstract]
Details of loans [Line items]
Loans , gross 5.06 4.84 19.96 19.09
Allowance for bad and doubtful loans 5.06 4.84 0 0
Total loans 0 0 19.96 19.09
Details of loans due by directors, other
officers or others [Abstract]
Loans due by directors 0 0 0 0
Loans due by other officers 0 0 0 0
Loans due by others 0 0 0 0
Total loans due by directors, other
0 0 0 0
officers or others
Details of loans due by firms or
companies in which any director
is partner or director [Abstract]
Loans due by firms in which any director
0 0 0 0
is partner
Loans due by private companies in
0 0 0 0
which any director is director
Loans due by private companies in
0 0 0 0
which any director is member
Total loans due by firms or
companies in which any director 0 0 0 0
is partner or director

Details of loans [Table] ..(3)

Unless otherwise specified, all monetary values are in Millions of INR
Classification based on current non-current [Axis] Current [Member]
Classification of loans [Axis] Security deposits [Member] Loans to related parties [Member]
Classification of assets based on security [Axis] Doubtful [Member] Unsecured considered good [Member]
31/03/2018 31/03/2017 31/03/2018 31/03/2017
Subclassification and notes on liabilities and assets
[Abstract]
Loans notes [Abstract]
Disclosure of loans [Abstract]
Details of loans [Line items]
Loans , gross 5.06 4.84 3,116.8 13,330
Allowance for bad and doubtful loans 5.06 4.84 0 0
Total loans 0 0 3,116.8 13,330
Details of loans due by directors, other
officers or others [Abstract]
Loans due by directors 0 0 0 0
Loans due by other officers 0 0 0 0
Loans due by others 0 0 0 0
Total loans due by directors, other
0 0 0 0
officers or others
Details of loans due by firms or
companies in which any director
is partner or director [Abstract]
Loans due by firms in which any director
0 0 0 0
is partner
Loans due by private companies in
0 0 0 0
which any director is director
Loans due by private companies in
0 0 0 0
which any director is member
Total loans due by firms or
companies in which any director 0 0 0 0
is partner or director

164
FLIPKART INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

Details of loans [Table] ..(4)

Unless otherwise specified, all monetary values are in Millions of INR
Classification based on current non-current [Axis] Current [Member]
Loans given other related parties
Classification of loans [Axis]
[Member]
Classification of assets based on security [Axis] Unsecured considered good [Member]
31/03/2018 31/03/2017
Subclassification and notes on liabilities and assets [Abstract]
Loans notes [Abstract]
Disclosure of loans [Abstract]
Details of loans [Line items]
Loans , gross 3,116.8 13,330
Allowance for bad and doubtful loans 0 0
Total loans 3,116.8 13,330
Details of loans due by directors, other officers or others [Abstract]
Loans due by directors 0 0
Loans due by other officers 0 0
Loans due by others 0 0
Total loans due by directors, other officers or others 0 0
Details of loans due by firms or companies in which any director is partner
or director [Abstract]
Loans due by firms in which any director is partner 0 0
Loans due by private companies in which any director is director 0 0
Loans due by private companies in which any director is member 0 0
Total loans due by firms or companies in which any director is partner or
0 0
director

Other current assets others [Table] ..(1)

Unless otherwise specified, all monetary values are in Millions of INR
Other current assets others [Axis] Column 1 Column 2
01/04/2017 01/04/2016 01/04/2017 01/04/2016
to to to to
31/03/2018 31/03/2017 31/03/2018 31/03/2017
Subclassification and notes on liabilities and assets
[Abstract]
Other current assets notes [Abstract]
Other current assets [Abstract]
Other current assets, others 8,410.42 664.21 4.64 36.61
Other current assets others [Abstract]
Other current assets others [Line items]
Balances with Balances with
Description of other current assets others statutory/government statutory/government Prepaid expenses Prepaid expenses
authorities authorities
Other current assets, others 8,410.42 664.21 4.64 36.61

Other current assets others [Table] ..(2)

Unless otherwise specified, all monetary values are in Millions of INR
Other current assets others [Axis] Column 3
01/04/2017 01/04/2016
to to
31/03/2018 31/03/2017
Subclassification and notes on liabilities and assets [Abstract]
Other current assets notes [Abstract]
Other current assets [Abstract]
Other current assets, others 17.43 0
Other current assets others [Abstract]
Other current assets others [Line items]
Description of other current assets others Others Others
Other current assets, others 17.43 0

165
FLIPKART INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

Subclassification of trade receivables [Table] ..(1)

Unless otherwise specified, all monetary values are in Millions of INR
Classification based on current non-current [Axis] Current [Member]
Classification of assets based on security
Classification of assets based on security [Axis] Unsecured considered good [Member]
[Member]
31/03/2018 31/03/2017 31/03/2018 31/03/2017
Subclassification and notes on liabilities and assets
[Abstract]
Disclosure of notes on trade receivables [Abstract]
Subclassification of trade receivables [Abstract]
Subclassification of trade receivables [Line
items]
Breakup of trade receivables [Abstract]
Trade receivables, gross 12,837 9,106.31 12,355.88 8,928.12
Allowance for bad and doubtful debts 481.12 178.19 0 0
Total trade receivables 12,355.88 8,928.12 12,355.88 8,928.12
Details of trade receivables due by
directors, other officers or others
[Abstract]
Trade receivables due by directors 0 0
Trade receivables due by other officers 0 0
Trade receivables due by others 0 0
Total trade receivables due by
0 0
directors, other officers or others
Details of trade receivables due by firms
or companies in which any director is
partner or director [Abstract]
Trade receivables due by firms in
0 0
which any director is partner
Trade receivables due by private
companies in which any director is 0 0
director
Trade receivables due by private
companies in which any director is 0 0
member
Total trade receivables due by
firms or companies in which any 0 0
director is partner or director

Subclassification of trade receivables [Table] ..(2)

Unless otherwise specified, all monetary values are in Millions of INR
Classification based on current non-current [Axis] Current [Member]
Classification of assets based on security [Axis] Doubtful [Member]
31/03/2018 31/03/2017
Subclassification and notes on liabilities and assets [Abstract]
Disclosure of notes on trade receivables [Abstract]
Subclassification of trade receivables [Abstract]
Subclassification of trade receivables [Line items]
Breakup of trade receivables [Abstract]
Trade receivables, gross 481.12 178.19
Allowance for bad and doubtful debts 481.12 178.19
Total trade receivables 0 0
Details of trade receivables due by directors, other officers or others
[Abstract]
Trade receivables due by directors 0 0
Trade receivables due by other officers 0 0
Trade receivables due by others 0 0
Total trade receivables due by directors, other officers or others 0 0
Details of trade receivables due by firms or companies in which any
director is partner or director [Abstract]
Trade receivables due by firms in which any director is partner 0 0
Trade receivables due by private companies in which any director is director 0 0
Trade receivables due by private companies in which any director is member 0 0
Total trade receivables due by firms or companies in which any director
0 0
is partner or director

166
FLIPKART INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

Unless otherwise specified, all monetary values are in Millions of INR

01/04/2017 01/04/2016
to to
31/03/2018 31/03/2017
Disclosure of subclassification and notes on liabilities and assets
explanatory [TextBlock]
Textual information (8)
Disclosure of notes on trade receivables explanatory [TextBlock] [See below]
Interest income accrued 43.06 5.18
Total other non-current financial assets 9,043.06 1,265.18

Advances, non-current (A) 0

(B) 1.39
Total other non-current assets 158.63 113.83
During the year
ended March 31, 2018, Rs
406.41 Mn (March 31, 2017:
Disclosure of inventories Explanatory [TextBlock] Rs 382.96 Mn) was
recognized as an expense
to write down inventories
to net realizable value.
Textual information (9)
Disclosure of notes on cash and bank balances explanatory [TextBlock] [See below]
Fixed deposits with banks 0 0

Other deposits with banks (C) 0

(D) 6,828.47
Total balance with banks 0 6,828.47
Cash on hand 0 0

Others (E) 702.56 (F) 909.23

Total cash and cash equivalents 702.56 7,737.7
Total cash and bank balances 702.56 7,737.7
Nature of other cash and cash equivalents Current account balances Current account balances
Total balances held with banks to extent held as
margin money or security against borrowings, 0 0
guarantees or other commitments
Bank deposits with more than 12 months maturity 0 0
Unbilled revenue 119.9 25.84
Total other current financial assets 18,919.65 4,680.93

Advances, current (G) 430.56 (H) 223.44

Total other current assets 8,863.05 924.26
Interest accrued on borrowings 7.18 0
Interest accrued on public deposits 0 0
Interest accrued others 0 0
Unpaid dividends 0 0
Unpaid matured deposits and interest accrued thereon 0 0
Unpaid matured debentures and interest accrued thereon 0 0
Debentures claimed but not paid 0 0
Public deposit payable, current 0 0
Total other current financial liabilities 22.36 40.21
Advance received from customers 16.29 17.55
Total other advance 16.29 17.55
Current liabilities portion of share application money pending
0 0
allotment
Total other current liabilities 4,063.46 1,157.34

Footnotes
(A) Capital advances Unsecured, considered good Rs. NIL Unsecured, considered doubtful Rs. 4.56 Mn Less: Allowance for
impairment of capital advances Rs. 4.56 Mn
(B) Capital advances: Unsecured, considered good Rs. 1.39 Mn Unsecured, considered doubtful Rs. 4.64 Mn Less: Allowance for
impairment of capital advances Rs. 4.64 Mn
(C) Short term deposits, (a) The weighted average effective interest rate for term deposits as at March 31, 2018 for the Company was
7.33% per annum.
(D) Short term deposits* - The deposits with bank comprise time deposits, which can be withdrawn at any time with prior notice
(ranging from 0-7 days) without any penalty on the principal and accordingly considered as cash and cash equivalents for cash flow
purposes. The weighted average effective interest rate for term deposits as at March 31, 2017 for the Company was 8.40% per
annum
(E) In Current accounts
(F) In Current accounts
(G) Advances to trade supplier: Unsecured, considered good Rs. 430.56 Mn Unsecured, considered doubtful Rs. 186.40 Mn Less:
Allowance for impairment of advances Rs. 186.40 Mn
(H) Advances to trade supplier: Unsecured, considered good Rs. 223.44 Mn Unsecured, considered doubtful Rs. 152.18 Mn Less:
Allowance for impairment of advances Rs. 152.18 Mn

167
FLIPKART INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

Textual information (8)

Disclosure of notes on trade receivables explanatory [Text Block]

No trade or other receivable are due from directors or other officers of the Company either severally or jointly with any other person. Nor any
trade or other receivable are due from firms or private companies respectively in which any director is a partner, a director or a member.

Trade receivables are non-interest bearing and are generally on 30 to 60 days' term. They are recognised at their original invoice amounts
which represent their fair values on initial recognition.

The Company has recognised a provision for impairment of Rs. 302.93 Mn (March 31, 2017: Rs. 167.28 Mn) on trade receivables for the
year ended March 31, 2018.

Textual information (9)

Disclosure of notes on cash and bank balances explanatory [Text Block]

As at March 31, 2018 As at March 31, 2017

Cash and cash equivalent as per IND AS 7 (Statement of cash flow) 702.56 7,737.70

168
FLIPKART INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

[401200] Notes - Additional disclosures on balance sheet

Unless otherwise specified, all monetary values are in Millions of INR
01/04/2017 01/04/2016
to to
31/03/2018 31/03/2017
Textual information (10)
Disclosure of additional balance sheet notes explanatory [TextBlock] [See below]
Additional balance sheet notes [Abstract]
Contingent liabilities and commitments [Abstract]
Classification of contingent liabilities [Abstract]
Claims against company not acknowledged as debt 0 0.16
Guarantees 4,092.96 3,563.73
Total contingent liabilities 4,092.96 3,563.89
Classification of commitments [Abstract]
Estimated amount of contracts remaining to be executed on
312.39 381.93
capital account and not provided for
Total commitments 312.39 381.93
Total contingent liabilities and commitments 4,405.35 3,945.82
Details regarding dividends [Abstract]
Amount of dividends proposed to be distributed to equity shareholders 0 0
Amount of per share dividend proposed to be distributed to equity
[INR/shares] 0 [INR/shares] 0
shareholders
Details of deposits [Abstract]
Deposits accepted or renewed during period 0 0
Deposits matured and claimed but not paid during period 0 0
Deposits matured and claimed but not paid 0 0
Deposits matured but not claimed 0 0
Interest on deposits accrued and due but not paid 0 0
Details of share application money received and paid [Abstract]
Share application money received during year 0 0
Share application money paid during year 0 0
Amount of share application money received back during year 0 0
Amount of share application money repaid returned back during year 0 0
Number of person share application money paid during year [pure] 0 [pure] 0
Number of person share application money received during year [pure] 0 [pure] 0
Number of person share application money paid as at end of year [pure] 0 [pure] 0
Number of person share application money received as at end of year [pure] 0 [pure] 0
Share application money received and due for refund 0 0
Details regarding cost records and cost audit[Abstract]
Details regarding cost records [Abstract]
Whether maintenance of cost records by company has been
mandated under Companies (Cost Records and Audit) Rules, No No
2014
Net worth of company 0 0
Details of unclaimed liabilities [Abstract]
Unclaimed share application refund money 0 0
Unclaimed matured debentures 0 0
Unclaimed matured deposits 0 0
Interest unclaimed amount 0 0
Financial parameters balance sheet items [Abstract]
Investment in subsidiary companies 0 0
Investment in government companies 0 0
Amount due for transfer to investor education and protection fund
0 0
(IEPF)
Gross value of transactions with related parties 0 0
Number of warrants converted into equity shares during period [pure] 0 [pure] 0
Number of warrants converted into preference shares during period [pure] 0 [pure] 0
Number of warrants converted into debentures during period [pure] 0 [pure] 0
Number of warrants issued during period (in foreign currency) [pure] 0 [pure] 0
Number of warrants issued during period (INR) [pure] 0 [pure] 0

169
FLIPKART INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

Textual information (10)

Disclosure of additional balance sheet notes explanatory [Text Block]

Financial Liabilities:

(ii) Trade payables

- Current

- As at March 31, 2018 As at March 31, 2017

Trade payables (refer note 30) 28,705.66 22,876.60

Total 28,705.66 22,876.60

The Company has estimated a provision of Rs. 1,327 Mn (March 31, 2017: Rs. 499 Mn) towards certain onerous contract.

As at March 31, 2018

Opening balance 499

Utilised during the year (499)

Addition during the year 1,327

Total provision on onerous contract 1,327

22. Contingent liabilities and commitments

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FLIPKART INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

As at March 31, As at March 31,

2018 2017

Claims against the company not acknowledged as debt - 0.16

Corporate Guarantee 4,000.00 3,500.00

Bank guarantee* 92.96 63.73

Estimated amount of contracts (net of advances) remaining to be executed on capital

312.39 381.93
account and not provided for

Total 4,405.35 3,945.82

*Flipkart India Private Limited has given bank guarantee of Rs. 10 Mn to tax department, backed by stand by letter of credit issued by
Flipkart Limited (holding company) in favour of Deutsche Bank.

25. Capital Management

The primary objective of the Company's capital management is to ensure that it maintains a strong credit rating and healthy capital ratios in
order to support its business and maximize shareholder value.

The Company monitors capital using a gearing ratio, which is net debt divided by total capital plus net debt. The Company includes within
net debt, loans and borrowings, trade and other payables, other liabilities and employee benefit liability. Capital includes equity attributable
to the owners of the Company.

There has been no change in the capital management policy of the Company.

As at March 31, 2018 As at March 31, 2017

Borrowings 2,285.10 -

Trade and other payables 28,728.02 22,916.81

Other liabilities 4,063.46 1,157.34

Employee benefit liability 179.46 159.40

Total Debt 35,256.04 24,233.55

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FLIPKART INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

Equity attributable to the equity holders of the Company 63,535.98 39,449.46

Total capital 63,535.98 39,449.46

Capital and debt 98,792.02 63,683.01

Gearing ratio 35.69% 38.05%

The Company is primarily equity financed. This is evident form the fact that total debt represents only 35.69% as of March 31, 2018 (March
31, 2017: 38.05%). The change in gearing ratio is primarily on account of increase in trade and other payables in the current year.

26. Financial risk management objectives and policies

The Company is exposed to financial risks arising from its operations and the use of financial instruments. The key financial risks include
credit risk, liquidity risk, interest risk and foreign currency risk. The board of directors reviews and agrees policies and procedures for the
management of these risks.

The following sections provide details regarding the Company’s exposure to the above-mentioned financial risks and the objectives, policies
and processes for the management of these risks.

There has been no change to the Company’s exposure to these financial risks or the manner in which it manages and measures the risks,
except as disclosed in Note 27 (d) foreign currency risk section.

a) Credit risk

Credit risk is the risk of loss that may arise on outstanding financial instruments should a counterparty default on its obligations. The
Company’s exposure to credit risk arises primarily from trade and other receivables. For other financial assets (including investment
securities, loans, cash and short-term deposits), the Company minimize credit risk by dealing exclusively with high credit rating
counterparties.

The Company’s objective is to seek continual revenue growth while minimizing losses incurred due to increased credit risk exposure. The
Company trades only with recognized and creditworthy third parties. In addition, receivable balances are monitored on an ongoing basis with
the result that the Company’s exposure to bad debts is not significant.

The Company determines concentrations of credit risk by monitoring the economic and industry profile of its trade receivables on an ongoing
basis.

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FLIPKART INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

Financial assets that are neither past due nor impaired

Trade and other receivables that are neither past due nor impaired are with creditworthy debtors with good payment record with the
Company. Cash and short-term deposits and investment securities that are neither past due nor impaired are placed with reputable financial
institutions or companies with high credit ratings and no history of default.

As at March 31, 2018 As at March 31, 2017

Neither past due nor impaired 11,289.11 7,210.61

Financial assets that are past due but not impaired

There is no other class of financial assets that is past due but not impaired except for trade receivables as of March 31, 2018 and 2017,
respectively. The Company’s credit period generally ranges from 0-30 days. The aging analysis of the receivables has been considered from
the date the invoice falls due. The age wise break up of receivables, net of allowances that are past due, is given below.

As at March 31, 2018 As at March 31, 2017

Past due 0 – 30 days 738.53 804.96

Past due 31 – 60 days 205.32 3.20

Past due 61 – 90 days 18.50 19.60

Past due over 90 days 104.42 889.75

Total 1,066.77 1,717.51

b) Liquidity risk

Liquidity risk is the risk that the Company will encounter difficulty in meeting financial obligations due to shortage of funds. The Company’s
exposure to liquidity risk arises primarily from mismatches of the maturities of financial assets and liabilities. The Company’s objective is to
maintain a balance between continuity of funding and flexibility.

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FLIPKART INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

The Company assessed the concentration of risk with respect to refinancing its debt and concluded it to be low. Access to sources of funding
is sufficiently available.

Analysis of financial instruments by remaining contractual maturities

The table below summarizes the maturity profile of the Company’s financial assets and liabilities at the end of the reporting period based on
contractual undiscounted repayment obligations.

As at March 31, 2018

One year or less One to five years Over five years Total

Financial liabilities

Trade payables 28,705.66 - - 28,705.66

Borrowings 2,285.10 - - 2,285.10

Others 22.36 - - 22.36

Total undiscounted financial liabilities 31,013.12 - - 31,013.12

As at March 31, 2017

One year or less One to five years Over five years Total

Financial liabilities

Trade payables 22,876.60 - - 22,876.60

Borrowings - - - -

Others 57.77 - - 57.77

Total undiscounted financial liabilities 22,934.37 - - 22,934.37

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FLIPKART INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

The table below shows the contractual expiry by maturity of the Company’s contingent liabilities and commitments. The maximum amount
of the financial guarantee contracts are allocated to the earliest possible period in which the guarantee could be called.

As at March 31, 2018

One year or less One to five years Over five years Total

Bank guarantee 92.96 - - 92.96

Corporate guarantee 4,000.00 - - 4,000.00

4,092.96 - - 4,092.96

As at March 31, 2017

One year or less One to five years Over five years Total

Bank guarantee 63.73 - - 63.73

Corporate guarantee 3,500.00 - - 3,500.00

3,563.73 - - 3,563.73

c) Interest rate risk

Interest rate risk is the risk that the fair value or future cash flows of the Company’s financial instruments will fluctuate because of changes
in market interest rates. The Company’s exposure to interest rate risk arises primarily from their loans and borrowings, interest-bearing loans
given to related parties and investments in debt securities. All of the Company’s financial assets and liabilities are at fixed interest rates. The
Company does not have any interest rate risk as at March 31, 2018 and March 31, 2017.

d) Foreign currency risk

The fluctuation in foreign currency exchange rates may have potential impact on the statement of profit or loss and equity, where any
transaction references more than one currency or where assets/liabilities are denominated in a currency other than the functional currency of
the Company. The Company's primary transactional currency is Indian rupee and the foreign currency transactions are restricted to secured
borrowings and certain trade and other payables.

The Company has transactional currency exposures arising from purchases that are denominated in a currency other than the functional
currency, primarily USD. Approximately 4% of purchases are denominated in foreign currencies (USD) (March 31, 2017: 5% of purchases

175
FLIPKART INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

are denominated in foreign currencies (USD)).

As at March 31, 2018 and 2017, 5% increase /decrease in the exchange rate of Indian rupee with US Dollars would result in approximately
Rs. 86.44 Mn and Rs. 44.82 Mn decrease /increase respectively in the loss before tax of the Company.

27. Fair value hierarchy

Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market
participants at the measurement date (i.e. an exit price).

Financial instruments whose carrying amounts approximate fair value

The carrying values of trade and other receivables, other financial assets, cash and bank balances, short term deposits, trade and other
payables, loans and borrowings and balances with related parties, based on their notional amounts, reasonably approximate their fair values
because these are mostly short term in nature.

Fair value of financial instruments that are carried at fair value

The following table shows an analysis of financial instruments carried at fair value by level of fair value hierarchy:

As at March 31, 2018

Level Level
Total Level 1
2 3

Assets measured at fair value:

Investments (mutual fund, non-convertible debentures, bonds and commercial

21,791.56 21,791.56 - -
paper)

As at March 31, 2017

Total Level 1 Level 2 Level 3

Assets measured at fair value:

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FLIPKART INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

Investments (mutual fund) 7,703.96 7,703.96 - -

Fair value hierarchy

The Company classifies fair value measurement using a fair value hierarchy that reflects the significance of the inputs used in making the
measurements. The fair value hierarchy have the following levels:

Level 1 – Quoted prices (unadjusted) in active markets for identical assets or liabilities,

Level 2 – Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly (i.e., as prices)
or indirectly (i.e., derived from prices), and

Level 3 – Inputs for the asset or liability that are not based on observable market data (unobservable inputs).

29. Employee stock option plan

The Company has the following share-based schemes:

a. Employee stock incentive plan:

Selected employees are granted stock options of Flipkart Limited, Singapore, (ultimate holding Company) based upon performance,
criticality to Flipkart business and long-term potential for Flipkart. The options are cashless and generally vest ratably over a period of 4
years.

During the year, Flipkart Limited has cross charged ESOP cost of Rs. 1,686.87 Mn (March 31, 2017: Rs. 158.07 Mn) to the Company and
the same has been disclosed under employee benefits expense in the statement of profit and loss.

Movement of share options during the financial year

The following table illustrates the movement of the options during the financial year (numbers)

As at March 31, 2018 As at March 31, 2017

Outstanding as at the beginning of the year 7,84,549 5,37,968

- on account of transfer of employees in group* (33,487) 42,512

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FLIPKART INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

- Granted 8,59,731 2,12,582

- Forfeited unvested - -

- Repurchased** (1,65,447) -

- Expired unvested (45,035) (8,513)

Outstanding as at the end of the year 14,00,311 7,84,549

Vested as at the year end 7,78,808 4,65,852

*Charge on options held by the employees transferred from the group companies has been absorbed by the Company from the date of
transfer.

**During the year 165,447 shares options had been repurchased from employees by Flipkart Limited, Singapore, ultimate holding Company.

Fair value of share options granted

The fair value of the share options granted under the ESOP is estimated at the grant date using the option pricing model, taking into account
the terms and conditions upon which the share options were granted.

The following table lists the inputs to the option pricing models for the year ended:

As at March 31, 2018 As at March 31, 2017

Dividend yield (% p.a.) 0% 0%

Expected volatility (% p.a.) 46.40% 38.99%

Risk-free interest rate (% p.a.) 7.40% 7.77%

Expected life of option (years) 5.79 years 6.07 years

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FLIPKART INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

Weighted average share price of holding company US $42.43 US $ 33.97

30. Details of dues to micro and small enterprises as defined under the MSMED Act, 2006

There are no dues outstanding for the suppliers who are registered as micro, small or medium enterprises under "The Micro, Small and
Medium and Enterprises Development Act, 2006 (MSMED Act)" as at March 31, 2018 and March 31, 2017.

31. The Company has established a comprehensive system of maintenance of information and documents as required by the transfer pricing
legislation under Sections 92-92F of the Income-tax Act, 1961. Since the law requires existence of such information and documentation to be
contemporaneous in nature, the Company is in the process of updating the documentation for the international transactions entered into with
the associated enterprises during the financial year and expects such records to be in existence latest by November 30, 2018 as required under
law. The Management is of the opinion that its international transactions are at arm’s length so the aforesaid legislation will not have any
impact on the financial statements, particularly on the amount of tax expense and that of provision for taxation.

32. Previous year amounts in the financial statements, including notes thereto, have been re-classified wherever required to conform to the
current year presentation / classification. These do not affect the previously reported net loss or equity.

As per our report of even date For and on behalf of Board of Directors of

For S.R. Batliboi & Associates LLP

Firm registration number: 101049W/E300004 Flipkart India Private Limited

Chartered Accountants

Sd/- Sd/- Sd/-

per Sumit Mehra Neeraj Jain Sakait Chaudhary

Partner Director Director

Membership no.: 096547 DIN: 01861694 DIN: 07472033

Place: Bengaluru Place: Bengaluru Place: Bengaluru

Date: May 3, 2018 Date: May 3, 2018 Date: May 3, 2018

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FLIPKART INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

[611800] Notes - Revenue

Unless otherwise specified, all monetary values are in Millions of INR
01/04/2017
to
31/03/2018
Textual information (11)
Disclosure of revenue [TextBlock] [See below]

Textual information (11)

Disclosure of revenue [Text Block]

As per note 2.14 of the Financial Statements and Note no 14 of the Financial Statements:

14. Revenue from operations For the year ended For the year ended

March 31, 2018 March 31, 2017

Sale of traded goods 2,14,386.50 1,52,344.80

Sale of services 0.00 299.43

Total 2,14,386.50 1,52,644.23

[612400] Notes - Service concession arrangements

Unless otherwise specified, all monetary values are in Millions of INR
01/04/2017 01/04/2016
to to
31/03/2018 31/03/2017
Disclosure of service concession arrangements [TextBlock]
Whether there are any service concession arrangments No No

[612000] Notes - Construction contracts

Unless otherwise specified, all monetary values are in Millions of INR
01/04/2017 01/04/2016
to to
31/03/2018 31/03/2017
Disclosure of notes on construction contracts [TextBlock]
Whether there are any construction contracts No No

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FLIPKART INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

[612600] Notes - Employee benefits

Disclosure of net defined benefit liability (assets) [Table] ..(1)

Unless otherwise specified, all monetary values are in Millions of INR
Domestic defined
Defined benefit plans [Axis] Defined benefit plans [Member] benefit plans
[Member]
Net defined benefit
Net defined benefit liability (assets) [Axis] Present value of defined benefit obligation [Member] liability (assets)
[Member]
Defined benefit plans categories [Axis] Gratuity Gratuity
01/04/2017 01/04/2016 01/04/2017
to to 31/03/2016 to
31/03/2018 31/03/2017 31/03/2018
Disclosure of net defined benefit liability
(assets) [Abstract]
Disclosure of net defined benefit liability
(assets) [Line items]
defined benefit gratuity defined benefit gratuity defined benefit
Description of type of plan plan plan gratuity plan
Changes in net defined benefit liability
(assets) [Abstract]
Current service cost, net defined
17.8 11.47 17.8
benefit liability (assets)
Interest expense (income), net defined
3.55 2.89 3.55
benefit liability (assets)
Past service cost and gains (losses)
arising from settlements, net defined
benefit liability (assets) [Abstract]
Past service cost, net defined
10.53 0 10.53
benefit liability (assets)
Net past service cost and gains
(losses) arising from settlements,
10.53 0 10.53
net defined benefit liability
(assets)
Increase (decrease) through other
changes, net defined benefit -7.65 -17.06 -7.65
liability (assets)
Total increase (decrease) in net
24.23 -2.7 24.23
defined benefit liability (assets)
Net defined benefit liability (assets) at
80.9 56.67 59.37 80.9
end of period

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FLIPKART INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

Disclosure of net defined benefit liability (assets) [Table] ..(2)

Unless otherwise specified, all monetary values are in Millions of INR
Defined benefit plans [Axis] Domestic defined benefit plans [Member]
Net defined benefit liability (assets) Present value of defined benefit
Net defined benefit liability (assets) [Axis]
[Member] obligation [Member]
Defined benefit plans categories [Axis] Gratuity Gratuity
01/04/2016 01/04/2017 01/04/2016
to 31/03/2016 to to
31/03/2017 31/03/2018 31/03/2017
Disclosure of net defined benefit liability
(assets) [Abstract]
Disclosure of net defined benefit liability
(assets) [Line items]
defined benefit defined benefit
Description of type of plan defined benefit gratuity plan
gratuity plan gratuity plan
Changes in net defined benefit liability
(assets) [Abstract]
Current service cost, net defined
11.47 17.8 11.47
benefit liability (assets)
Interest expense (income), net defined
2.89 3.55 2.89
benefit liability (assets)
Past service cost and gains (losses)
arising from settlements, net defined
benefit liability (assets) [Abstract]
Past service cost, net defined
0 10.53 0
benefit liability (assets)
Net past service cost and gains
(losses) arising from settlements,
0 10.53 0
net defined benefit liability
(assets)
Increase (decrease) through other
changes, net defined benefit -17.06 (A) -7.65 (B) -17.06
liability (assets)
Total increase (decrease) in net
-2.7 24.23 -2.7
defined benefit liability (assets)
Net defined benefit liability (assets) at
56.67 59.37 80.9 56.67
end of period

(A) Acquisition (credit)* Rs. (4.43) Mn + Benefits paid Rs. (3.32) Mn + Amount recognized in OCI Rs. 0.10 Mn
(B) Acquisition (credit)* Rs. (15.84) Mn + Benefits paid Rs. (4.36) Mn + Amount recognized in OCI Rs. 3.14 Mn

Disclosure of net defined benefit liability (assets) [Table] ..(3)

Unless otherwise specified, all monetary values are in Millions of INR
Domestic defined
Defined benefit plans [Axis] benefit plans
[Member]
Present value of
defined benefit
Net defined benefit liability (assets) [Axis]
obligation
[Member]
Defined benefit plans categories [Axis] Gratuity
31/03/2016
Disclosure of net defined benefit liability (assets) [Abstract]
Disclosure of net defined benefit liability (assets) [Line items]
Net defined benefit liability (assets) at end of period 59.37

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FLIPKART INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

Disclosure of defined benefit plans [Table] ..(1)

Unless otherwise specified, all monetary values are in Millions of INR
Domestic defined benefit plans
Defined benefit plans [Axis] Defined benefit plans [Member]
[Member]
Defined benefit plans categories [Axis] Gratuity Plan Gratuity Plan
01/04/2017 01/04/2016 01/04/2017 01/04/2016
to to to to
31/03/2018 31/03/2017 31/03/2018 31/03/2017
Disclosure of defined benefit plans [Abstract]
Disclosure of defined benefit plans [Line items]
defined benefit defined benefit defined benefit defined benefit
Description of type of plan gratuity plan as gratuity plan as gratuity plan as gratuity plan as
detailed in note 28 detailed in note 28 detailed in note 28 detailed in note 28
Surplus (deficit) in plan [Abstract]
Defined benefit obligation, at present value 80.9 56.6 80.9 56.6
Plan assets, at fair value 0 0 0 0
Net surplus (deficit) in plan -80.9 -56.6 -80.9 -56.6
Actuarial assumption of discount rates 7.70% 6.80% 7.70% 6.80%
Actuarial assumption of expected rates of
(A) 12.00% (B) 12.00% (C) 12.00% (D) 12.00%
salary increases

Footnotes
(A) 12% for first three years and 10% thereafter
(B) 12% for first three years and 10% thereafter
(C) 12% for first three years and 10% thereafter
(D) 12% for first three years and 10% thereafter
Unless otherwise specified, all monetary values are in Millions of INR
01/04/2017 01/04/2016
to to
31/03/2018 31/03/2017
Textual information (12)
Disclosure of employee benefits [TextBlock] [See below]
Disclosure of defined benefit plans [TextBlock]
Whether there are any defined benefit plans Yes Yes
Disclosure of net defined benefit liability (assets) [TextBlock]

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FLIPKART INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

Textual information (12)

Disclosure of employee benefits [Text Block]

28. Gratuity plan

The Company operates a defined benefit gratuity plan for its employees. Under the gratuity plan, every employee who has completed at least
five years of service gets a gratuity on departure at 15 days of last drawn salary for each completed year of service. The plan is not funded by
the Company.

The following tables summarize the components of net benefit expense recognized in the statement of profit and loss and the funded status
and amounts recognized in the balance sheet:

- As at March 31, 2018 As at March 31, 2017

Statement of profit and loss

Current service cost (including risk premiums for fully insured benefits) 17.80 11.47

Past service cost 10.53 -

Net interest on net defined benefit liability/ (asset) 3.55 2.89

Net benefit expense 31.88 14.36

Re-measurement (gains)/ losses in other comprehensive income

- Actuarial (gain)/ loss due to liability experience 4.75 (1.06)

- Actuarial (gain)/ loss due to liability assumption changes (4.65) 4.20

Net re-measurement losses of net defined benefit liability 0.10 3.14

Balance sheet

Present value of defined benefits obligation (80.90) (56.67)

Plan asset / (liability) (80.90) (56.67)

Change in the present value of the defined benefit obligation are as follows:

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FLIPKART INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

Opening defined benefit obligation 56.67 59.37

Current service cost 17.80 11.47

Past service cost 10.53 -

Acquisition (credit)* (4.43) (15.84)

Benefits paid (3.32) (4.36)

Net interest on net defined benefit liability/ (asset) 3.55 2.89

Amount recognized in OCI 0.10 3.14

Defined benefit obligation as at the end of the year 80.90 56.67

*The acquisition credit for year ending March 31, 2018 and March 31, 2017 is due to the transfer of liability to fellow subsidiary companies.

The principal assumptions used in determining gratuity and leave benefit obligations for the Company's plan are as follows:

As at March 31, 2018 As at March 31, 2017

Discount rate 7.70% 6.80%

Expected rate of return on

NA NA
assets

Salary escalation rate 12% for first three years and 10% thereafter 12% for first three years and 10% thereafter

Indian Assured Lives Mortality (2006-08) Indian Assured Lives Mortality (2006-08)
Mortality rate
(modified) Ult* (modified) Ult*

Withdrawal rate Managers and above -13% Managers and above -13%

Others -17% Others -17%

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FLIPKART INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

* As published by IRDA and adopted as Standard Mortality Table as recommended by Institute of Actuaries of India effective April 1, 2013

The estimates of future salary increases, considered in actuarial valuation, take account of inflation, seniority, promotion and other relevant
factors, such as supply and demand in the employment market.

Sensitivity analysis of assumptions used As at March 31, 2018 As at March 31, 2017

Discount rate 7.70% 6.80%

Effect on DBO due to 1% increase in discount

(5.88) (4.41)
rate

Effect on DBO due to 1% decrease in discount

6.27 4.71
rate

12% for first three years and 10% 12% for first three years and 10%
Salary escalation rate
thereafter thereafter

Effect on DBO due to 1% increase in salary

4.65 3.17
escalation rate

Effect on DBO due to 1% decrease in salary

(4.59) (3.14)
escalation rate

Method used for sensitivity analysis: The sensitivity analysis above determine their individual impact on the plan's end of year defined
benefit obligation. In reality, the plan is subject to multiple external experience items which may move the defined benefit obligation in
similar or opposite directions, while the plan's sensitivity to such changes can vary over time.

Expected benefit payments As at March 31, 2018 As at March 31, 2017

Within 1 year 4.73 1.86

2-5 years 39.71 21.56

More than 5 years 121.95 34.23

Expected contribution to the defined benefit plan for the year ended March 31,2019 is Nil.

The weighted average duration of the defined benefit obligation is 8 years.

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FLIPKART INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

[612800] Notes - Borrowing costs

Unless otherwise specified, all monetary values are in Millions of INR
01/04/2017 01/04/2016
to to
31/03/2018 31/03/2017
Disclosure of borrowing costs [TextBlock]
Whether any borrowing costs has been capitalised during the year No No

[700100] Notes - Key managerial personnels and directors remuneration and other information

Disclosure of key managerial personnels and directors and remuneration to key managerial personnels and directors [Table] ..(1)
Unless otherwise specified, all monetary values are in Millions of INR
Key managerial personnels and directors [Axis] Column 1 Column 2 Column 3
01/04/2017 01/04/2017 01/04/2017
to to to
31/03/2018 31/03/2018 31/03/2018
Disclosure of key managerial personnels and directors and
remuneration to key managerial personnels and directors [Abstract]
Disclosure of key managerial personnels and directors and
remuneration to key managerial personnels and directors
[LineItems]
SAKAIT
Name of key managerial personnel or director NEERAJ JAIN
CHAUDHARY
SANKALP GUPTA

Director identification number of key managerial personnel or

01861694 07472033 07986653
director
Key managerial personnel or director remuneration [Abstract]
Gross salary to key managerial personnel or director [Abstract]
Salary key managerial personnel or director 0 0 0
Gross salary to key managerial personnel or director 0 0 0
Total key managerial personnel or director remuneration 0 0 0

[612200] Notes - Leases

Disclosure of finance lease and operating lease by lessee [Table] ..(1)

Unless otherwise specified, all monetary values are in Millions of INR
Later than one year and not later than
Maturity [Axis] Not later than one year [Member]
five years [Member]
31/03/2018 31/03/2017 31/03/2018 31/03/2017
Disclosure of finance lease and operating lease by
lessee [Abstract]
Disclosure of finance lease and operating lease
by lessee [Line items]
Minimum finance lease payments payable 0 0 0 0
Minimum lease payments payable under
0.03 63.88 0 168.68
non-cancellable operating lease

Disclosure of finance lease and operating lease by lessee [Table] ..(2)

Unless otherwise specified, all monetary values are in Millions of INR
Maturity [Axis] Later than five years [Member]
31/03/2018 31/03/2017
Disclosure of finance lease and operating lease by lessee [Abstract]
Disclosure of finance lease and operating lease by lessee [Line items]
Minimum finance lease payments payable 0 0
Minimum lease payments payable under non-cancellable operating lease 0 0

187
FLIPKART INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

Unless otherwise specified, all monetary values are in Millions of INR

01/04/2017 01/04/2016
to to
31/03/2018 31/03/2017
Textual information (13)
Disclosure of leases [TextBlock] [See below]
Whether company has entered into any lease agreement Yes Yes
Disclosure of recognised finance lease as assets by lessee [TextBlock]
Disclosure of finance lease and operating lease by lessee [TextBlock]
Whether any operating lease has been converted to financial lease or
No No
vice-versa

Textual information (13)

Disclosure of leases [Text Block]

23. Operating lease

The Company has leased office facilities under cancellable and non-cancellable lease agreements and vehicles and equipments under
non-cancellable agreements that are renewed on a periodic basis at the option of either the lessor or the lessee.

The company has incurred lease rent expenses amounting to Rs. 132.19 Mn (March 31, 2017 : Rs. 296.92 Mn) against minimum lease
rentals.

The company has received sublease payments amounting to Rs. 78.28 Mn (March 31, 2017 : Rs. 29.83 Mn)

Future minimum rentals in respect of non cancellable operating lease are as follows:

As at March 31, 2018 As at March 31, 2017

Within 1 year 0.03 63.88

After 1 year but not more than 5 year - 168.68

More than 5 years - -

Total 0.03 232.56

188
FLIPKART INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

[612300] Notes - Transactions involving legal form of lease

Unless otherwise specified, all monetary values are in Millions of INR
01/04/2017 01/04/2016
to to
31/03/2018 31/03/2017
Disclosure of arrangements involving legal form of lease [TextBlock]
Whether there are any arrangements involving legal form of lease No No

[612900] Notes - Insurance contracts

Unless otherwise specified, all monetary values are in Millions of INR
01/04/2017 01/04/2016
to to
31/03/2018 31/03/2017
Disclosure of insurance contracts [TextBlock]
Whether there are any insurance contracts as per Ind AS 104 No No

[613100] Notes - Effects of changes in foreign exchange rates

Unless otherwise specified, all monetary values are in Millions of INR
01/04/2017 01/04/2016
to to
31/03/2018 31/03/2017
Disclosure of effect of changes in foreign exchange rates [TextBlock]
Whether there is any change in functional currency during the year No No
Description of presentation currency INR

189
FLIPKART INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

[500100] Notes - Subclassification and notes on income and expenses

Unless otherwise specified, all monetary values are in Millions of INR
01/04/2017 01/04/2016
to to
31/03/2018 31/03/2017
Subclassification and notes on income and expense explanatory [TextBlock]
Disclosure of revenue from operations [Abstract]
Disclosure of revenue from operations for other than finance company
[Abstract]
Revenue from sale of products 214,386.5 152,344.8
Revenue from sale of services 0 299.43
Total revenue from operations other than finance company 214,386.5 152,644.23
Total revenue from operations 214,386.5 152,644.23
Disclosure of other income [Abstract]
Interest income [Abstract]
Interest income on current investments [Abstract]
Interest on fixed deposits, current investments 727.43 1,410.75
Interest on current intercorporate deposits 528.21 306.23

Interest on current debt securities (A) 80.37

0

Interest on other current investments 0.68 6.92

Total interest income on current investments 1,336.69 1,723.9
Total interest income 1,336.69 1,723.9
Dividend income [Abstract]
Total dividend income 0 0
Net gain/loss on sale of investments [Abstract]
Net gain/loss on sale of current investments 573.46 1,171.38
Total net gain/loss on sale of investments 573.46 1,171.38
Other non-operating income [Abstract]
Miscellaneous other non-operating income (B) 280.01 (C) 153.11
Total other non-operating income 280.01 153.11
Total other income 2,190.16 3,048.39
Disclosure of finance cost [Abstract]
Interest expense [Abstract]
Interest expense current loans [Abstract]
Interest expense current loans, banks 0 11.74
Total interest expense current loans 0 11.74

Interest expense other borrowings (D) 144.63 (E) 50.38

Other interest charges 5.7 3.48
Total interest expense 150.33 65.6

Other borrowing costs (F) 83.36 (G) 34.88

Total finance costs 233.69 100.48
Employee benefit expense [Abstract]
Salaries and wages 1,539.17 1,421.61
Managerial remuneration [Abstract]
Remuneration to directors [Abstract]
Total remuneration to directors 0 0
Total managerial remuneration 0 0
Contribution to provident and other funds [Abstract]
Contribution to provident and other funds for others 28.65 30.18
Total contribution to provident and other funds 28.65 30.18
Employee share based payment [Abstract]
Employee share based payment- Equity settled 1,686.87 158.07
Total employee share based payment 1,686.87 158.07
Gratuity 28.03 12.48
Staff welfare expense 32.73 44.34
Total employee benefit expense 3,315.45 1,666.68
Depreciation, depletion and amortisation expense [Abstract]
Depreciation expense 621.51 528.76
Amortisation expense 0.91 33.19
Total depreciation, depletion and amortisation expense 622.42 561.95
Breakup of other expenses [Abstract]
Consumption of stores and spare parts 0 0

190
FLIPKART INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

Power and fuel 0 0

Rent 132.19 296.92
Repairs to building 4.73 33.33
Repairs to machinery 0 0
Insurance 0 0
Rates and taxes excluding taxes on income [Abstract]
Other cess taxes 46.71 4.18
Total rates and taxes excluding taxes on income 46.71 4.18
Electricity expenses 3.99 22.06
Telephone postage 4.52 25.66
Printing stationery 11.13 33.63
Travelling conveyance 25.77 36.91
Legal professional charges 49.27 32.27
Safety security expenses 0.02 12.77
Directors sitting fees 0 0
Advertising promotional expenses 90.76 0.01
Loss on disposal of intangible Assets 0 0
Loss on disposal, discard, demolishment and destruction of
25.17 60.37
depreciable property plant and equipment
Contract cost [Abstract]
Overhead costs apportioned contracts [Abstract]
Other overheads apportioned contracts (H) 7.12 (I) 49.62
Total overhead costs apportioned contracts 7.12 49.62
Total contract cost 7.12 49.62
Payments to auditor [Abstract]
Payment for audit services 2.66 2.53
Payment for taxation matters 0.35 0.42
Payment for reimbursement of expenses 0.12 0.1
Total payments to auditor 3.13 3.05
CSR expenditure 0 0

Miscellaneous expenses (J) 1,139.1 (K) 783.96

Total other expenses 1,543.61 1,394.74

Footnotes
(A) Non-convertible debentures Rs. 40.47 Mn Bonds Rs. 28.95 Mn Commercial papers Rs. 10.95 Mn
(B) Unrealized gain on investments Rs. 65.70 Mn Other non-operating income Rs. 214.31 Mn
(C) Unrealized gain on investments Rs. 13.96 Mn Other non-operating income Rs. 139.15 Mn
(D) Interest on Intercorporate Loans
(E) Interest on Intercorporate Loans
(F) Bank Charges
(G) Bank Charges
(H) Outside contracted services
(I) Outside contracted services
(J) Storage service charge Rs. 368.90 Mn Repairs and maintenance - Others Rs. 107.88 Mn Bad debts and advances written off Rs.
51.82 Mn Allowance for doubtful debts and advances Rs. 540.62 Mn Exchange fluctuation loss (net) Rs. 36.60 Mn Miscellaneous
expenses Rs. 33.28 Mn
(K) Storage service charge Rs. 223.39 Mn Repairs and maintenance - Others Rs. 90.03 Mn Bad debts and advances written off Rs.
15.29 Mn Allowance for doubtful debts and advances Rs. 158.76 Mn Exchange fluctuation loss (net) Rs. 199.33 Mn Miscellaneous
expenses Rs. 97.16 Mn

[613200] Notes - Cash flow statement

Unless otherwise specified, all monetary values are in Millions of INR
01/04/2017 01/04/2016
to to 31/03/2016
31/03/2018 31/03/2017
Disclosure of cash flow statement [TextBlock]
Cash and cash equivalents cash flow statement 702.56 7,737.7 12,640.25
Cash and cash equivalents 702.56 7,737.7
Income taxes paid (refund), classified as operating activities 47.23 -19.04
Total income taxes paid (refund) 47.23 -19.04

191
FLIPKART INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

[500200] Notes - Additional information statement of profit and loss

Unless otherwise specified, all monetary values are in Millions of INR
01/04/2017 01/04/2016
to to
31/03/2018 31/03/2017
Textual information (14)
Additional information on profit and loss account explanatory [TextBlock] [See below]
Other Comprehensive income, attributable to owners of parent 0 0
Other Comprehensive income, attributable to non-controlling interests 0 0
Changes in inventories of stock-in-trade -5,099.1 -3,229.56
Total changes in inventories of finished goods, work-in-progress and
-5,099.1 -3,229.56
stock-in-trade
Domestic sale traded goods 214,386.5 152,344.8
Total domestic turnover goods, gross 214,386.5 152,344.8
Total revenue from sale of products 214,386.5 152,344.8
Domestic revenue services 0 299.43
Export revenue services 0 0
Total revenue from sale of services 0 299.43
Gross value of transaction with related parties 0 0
Bad debts of related parties 0 0

Textual information (14)

Additional information on profit and loss account explanatory [Text Block]

16. Increase in inventories of traded goods

For the year ended March 31, 2018 For the year ended March 31, 2017

Inventories at the end of the year 22,530.94 17,431.84

Inventories at the beginning of the year 17,431.84 14,202.28

Net increase in inventories of traded goods (5,099.10) (3,229.56)

192
FLIPKART INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

[611200] Notes - Fair value measurement

Disclosure of fair value measurement of assets [Table] ..(1)

Unless otherwise specified, all monetary values are in Millions of INR
Measurement [Axis] At fair value [Member]
Other assets 1
Classes of assets [Axis] Other assets [Member]
[Member]
Level 1 of fair
Levels of fair value hierarchy [Axis] Level 1 of fair value hierarchy [Member] value hierarchy
[Member]
01/04/2017 01/04/2016 01/04/2017
to to 31/03/2016 to
31/03/2018 31/03/2017 31/03/2018
Disclosure of fair value measurement of assets
[Abstract]
Disclosure of fair value measurement of assets
[Line items]
Assets 21,791.56 7,703.96 18,995.11 21,791.56
Investments in
Investments in quoted quoted mutual
mutual f u n d s , Investments in mutual funds funds,
Nature of other assets non-convertible debentures, (quoted) non-convertible
bonds, commercial papers debentures, bonds,
commercial papers
Management
Management intends to hold Management intends to intends to hold the
Description of reasons for fair value the investments for trading , hold the investments for investments for
measurement, assets the same is valued at Fair trading , the same is valued trading , the same
value at Fair value is valued at Fair
value
Transfers out of Level 1 into Level
2 of fair value hierarchy, assets 0 0 0
held at end of reporting period
Description of reasons for transfers
out of Level 1 into Level 2 of fair value No Assets Transfer No Assets Transfer No Assets Transfer
hierarchy, assets
Transfers out of Level 2 into Level
1 of fair value hierarchy, assets 0 0 0
held at end of reporting period
Description of reasons for transfers
out of Level 2 into Level 1 of fair value No Assets Transfer No Assets Transfer No Assets Transfer
hierarchy, assets
Description of policy for determining
when transfers between levels are Not Applicable Not Applicable Not Applicable
deemed to have occurred, assets
Financial assets fair
valued through
Financial assets fair valued Financial assets fair valued
other
through other through other
comprehensive
Description of valuation techniques used in comprehensive income comprehensive income
income (FVTOCI)
fair value measurement, assets (FVTOCI) and Financial (FVTOCI) and - Financial
and Financial
assets at fair value through assets at fair value through
assets at fair value
profit or loss (FVTPL) profit or loss (FVTPL)
through profit or
loss (FVTPL)
NAV available in
NAV available in the the market/ market
Description of inputs used in fair value market/ market value at NAV available in the value at which it is
measurement, assets which it is last sold in active market last sold in active
market on the reporting date market on the
reporting date
Description of change in valuation
technique used in fair value measurement, Not Applicable
assets
Description of reasons for change in
valuation technique used in fair value Not Applicable
measurement, assets
Reconciliation of changes in fair value
measurement, assets [Abstract]
Changes in fair value measurement, assets
[Abstract]
Gains (losses) recognised in profit
or loss, fair value measurement, 650.81 1,185.34 650.81
assets
Gains (losses) recognised in other
comprehensive income, fair value 10.12 0 10.12
measurement, assets

193
FLIPKART INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

Purchases, fair value measurement, assets 797,444.53 264,747.34 797,444.53

Sales, fair value measurement, assets 784,017.86 277,223.83 784,017.86
Total increase (decrease) in fair value
14,087.6 -11,291.15 14,087.6
measurement, assets
Assets at end of period 21,791.56 7,703.96 18,995.11 21,791.56
Finance and other
income Gain on
Finance and other income
Description of line items in profit or loss Finance and other income sale of
Gain on sale of
Gain on sale of investments- investments-
where gains (losses) are recognised, fair 573.46 Mn Unrealized gain
investments- 1171.38 Mn
573.46 Mn
value measurement, assets Unrealized gain on
on investments - 65.70 Mn Unrealized gain on
investments - 13.96 Mn
investments - 65.70
Mn
Net gain on
Description of line items in other financial
Net gain on financial
instruments
comprehensive income where gains (losses) are instruments classified as Not Applicable
classified as
recognised, fair value measurement, assets FVTOCI- 10.12 Mn
FVTOCI- 10.12
Mn
Description of reasons for transfers into
Not Applicable Not Applicable Not Applicable
Level 3 of fair value hierarchy, assets
Description of reasons for transfers out
Not Applicable Not Applicable Not Applicable
of Level 3 of fair value hierarchy, assets
Gains (losses) recognised in profit or
loss attributable to change in unrealised
65.69914573 13.96296278 65.69914573
gains or losses for assets held at end of
period, fair value measurement
Description of line items in profit or loss
where gains (losses) attributable to change Finance and other
Finance and other income- Finance and other income-
income- Unrealized
in unrealised gains or losses for assets held Unrealized gain on Unrealized gain on
gain on
at end of period are recognised, fair value investments investments
investments
measurement
Investments in
Investments in quoted quoted mutual
mutual f u n d s , Investments in mutual funds funds,
Nature of other assets non-convertible debentures, (quoted) non-convertible
bonds, commercial papers debentures, bonds,
commercial papers

194
FLIPKART INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

Disclosure of fair value measurement of assets [Table] ..(2)

Unless otherwise specified, all monetary values are in Millions of INR
Recurring fair value measurement
Measurement [Axis] At fair value [Member]
[Member]
Classes of assets [Axis] Other assets 1 [Member] Other assets [Member]
Level 1 of fair value hierarchy
Levels of fair value hierarchy [Axis] Level 1 of fair value hierarchy [Member]
[Member]
01/04/2016 01/04/2017 01/04/2016
to 31/03/2016 to to
31/03/2017 31/03/2018 31/03/2017
Disclosure of fair value measurement of assets
[Abstract]
Disclosure of fair value measurement of assets
[Line items]
Assets 7,703.96 18,995.11 21,791.56 7,703.96
Investments in
quoted mutual
Investments in
Investments in mutual funds funds,
Nature of other assets (quoted) non-convertible
mutual funds
(quoted)
debentures, bonds,
commercial papers
Management
Management intends
intends to hold the
Management intends to hold the to hold the
Description of reasons for fair value investments for
investments for trading , the same investments for
measurement, assets trading , the same
is valued at Fair value trading , the same is
is valued at Fair
valued at Fair value
value
Transfers out of Level 1 into Level
2 of fair value hierarchy, assets 0 0 0
held at end of reporting period
Description of reasons for transfers
out of Level 1 into Level 2 of fair value No Assets Transfer No Assets Transfer No Assets Transfer
hierarchy, assets
Transfers out of Level 2 into Level
1 of fair value hierarchy, assets 0 0 0
held at end of reporting period
Description of reasons for transfers
out of Level 2 into Level 1 of fair value No Assets Transfer No Assets Transfer No Assets Transfer
hierarchy, assets
Description of policy for determining
when transfers between levels are Not Applicable Not Applicable Not Applicable
deemed to have occurred, assets
Financial assets fair
Financial assets fair
valued through
valued through other
Financial assets fair valued through other
comprehensive
other comprehensive income comprehensive
Description of valuation techniques used in income (FVTOCI)
(FVTOCI) and - Financial assets at income (FVTOCI)
fair value measurement, assets and - Financial
fair value through profit or loss and Financial
assets at fair value
(FVTPL) assets at fair value
through profit or loss
through profit or
(FVTPL)
loss (FVTPL)
NAV available in
the market/ market
Description of inputs used in fair value value at which it is NAV available in
NAV available in the market
measurement, assets last sold in active the market
market on the
reporting date
Description of change in valuation
technique used in fair value measurement, Not Applicable Not Applicable
assets
Description of reasons for change in
valuation technique used in fair value Not Applicable Not Applicable
measurement, assets
Reconciliation of changes in fair value
measurement, assets [Abstract]
Changes in fair value measurement, assets
[Abstract]
Gains (losses) recognised in profit
or loss, fair value measurement, 1,185.34 650.81 1,185.34
assets
Gains (losses) recognised in other
comprehensive income, fair value 0 10.12 0
measurement, assets
Purchases, fair value measurement, assets 264,747.34 797,444.53 264,747.34
Sales, fair value measurement, assets 277,223.83 784,017.86 277,223.83
Total increase (decrease) in fair value
-11,291.15 14,087.6 -11,291.15
measurement, assets
Assets at end of period 7,703.96 18,995.11 21,791.56 7,703.96

195
FLIPKART INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

Finance and other

Finance and other
income Gain on
income Gain on sale
Description of line items in profit or loss Finance and other income Gain on sale of
of investments-
sale of investments- 1171.38 Mn investments-
where gains (losses) are recognised, fair Unrealized gain on investments - 573.46 Mn
1171.38 Mn
value measurement, assets Unrealized gain on
13.96 Mn Unrealized gain on
investments - 13.96
investments - 65.70
Mn
Mn
Net gain on
Description of line items in other financial
instruments
comprehensive income where gains (losses) are Not Applicable
classified as
Not Applicable
recognised, fair value measurement, assets FVTOCI- 10.12
Mn
Description of reasons for transfers into
Not Applicable Not Applicable Not Applicable
Level 3 of fair value hierarchy, assets
Description of reasons for transfers out
Not Applicable Not Applicable Not Applicable
of Level 3 of fair value hierarchy, assets
Gains (losses) recognised in profit or
loss attributable to change in unrealised
13.96296278 65.69914573 13.96296278
gains or losses for assets held at end of
period, fair value measurement
Description of line items in profit or loss
where gains (losses) attributable to change Finance and other
Finance and other
Finance and other income- income- Unrealized
in unrealised gains or losses for assets held Unrealized gain on investments gain on
income- Unrealized
at end of period are recognised, fair value gain on investments
investments
measurement
Investments in
quoted mutual
Investments in
Investments in mutual funds funds,
Nature of other assets (quoted) non-convertible
mutual funds
(quoted)
debentures, bonds,
commercial papers

196
FLIPKART INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

Disclosure of fair value measurement of assets [Table] ..(3)

Unless otherwise specified, all monetary values are in Millions of INR
Measurement [Axis] Recurring fair value measurement [Member]
Other assets
Classes of assets [Axis] Other assets 1 [Member]
[Member]
Level 1 of fair
Levels of fair value hierarchy [Axis] value hierarchy Level 1 of fair value hierarchy [Member]
[Member]
01/04/2017 01/04/2016
31/03/2016 to to 31/03/2016
31/03/2018 31/03/2017
Disclosure of fair value measurement of assets
[Abstract]
Disclosure of fair value measurement of assets
[Line items]
Assets 18,995.11 21,791.56 7,703.96 18,995.11
Investments in quoted
mutual f u n d s , Investments in mutual funds
Nature of other assets non-convertible debentures, (quoted)
bonds, commercial papers
Management intends to hold Management intends to hold
Description of reasons for fair value the investments for trading , the investments for trading ,
measurement, assets the same is valued at Fair the same is valued at Fair
value value
Transfers out of Level 1 into Level
2 of fair value hierarchy, assets 0 0
held at end of reporting period
Description of reasons for transfers
out of Level 1 into Level 2 of fair value No Assets Transfer No Assets Transfer
hierarchy, assets
Transfers out of Level 2 into Level
1 of fair value hierarchy, assets 0 0
held at end of reporting period
Description of reasons for transfers
out of Level 2 into Level 1 of fair value No Assets Transfer No Assets Transfer
hierarchy, assets
Description of policy for determining
when transfers between levels are Not Applicable Not Applicable
deemed to have occurred, assets
Financial assets fair valued Financial assets fair valued
through other through other
Description of valuation techniques used in comprehensive income comprehensive income
fair value measurement, assets (FVTOCI) and Financial (FVTOCI) and - Financial
assets at fair value through assets at fair value through
profit or loss (FVTPL) profit or loss (FVTPL)
NAV available in the
Description of inputs used in fair value market/ market value at NAV available in the
measurement, assets which it is last sold in active market
market on the reporting date
Description of change in valuation
technique used in fair value measurement, Not Applicable
assets
Description of reasons for change in
valuation technique used in fair value Not Applicable
measurement, assets
Reconciliation of changes in fair value
measurement, assets [Abstract]
Changes in fair value measurement, assets
[Abstract]
Gains (losses) recognised in profit
or loss, fair value measurement, 650.81 1,185.34
assets
Gains (losses) recognised in other
comprehensive income, fair value 10.12 0
measurement, assets
Purchases, fair value measurement, assets 797,444.53 264,747.34
Sales, fair value measurement, assets 784,017.86 277,223.83
Total increase (decrease) in fair value
14,087.6 -11,291.15
measurement, assets
Assets at end of period 18,995.11 21,791.56 7,703.96 18,995.11
Finance and other income
Description of line items in profit or loss Finance and other income
Gain on sale of investments-
Gain on sale of investments-
where gains (losses) are recognised, fair 573.46 Mn Unrealized gain
1171.38 Mn Unrealized
value measurement, assets gain on investments - 13.96
on investments - 65.70 Mn
Mn
Description of line items in other Net gain on financial
comprehensive income where gains (losses) are instruments classified as Not Applicable
recognised, fair value measurement, assets FVTOCI- 10.12 Mn

197
FLIPKART INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

Description of reasons for transfers into

Not Applicable Not Applicable
Level 3 of fair value hierarchy, assets
Description of reasons for transfers out
Not Applicable Not Applicable
of Level 3 of fair value hierarchy, assets
Gains (losses) recognised in profit or
loss attributable to change in unrealised
65.69914573 13.96296278
gains or losses for assets held at end of
period, fair value measurement
Description of line items in profit or loss
where gains (losses) attributable to change Finance and other income- Finance and other income-
in unrealised gains or losses for assets held Unrealized gain on Unrealized gain on
at end of period are recognised, fair value investments investments
measurement
Investments in quoted
mutual f u n d s , Investments in mutual funds
Nature of other assets non-convertible debentures, (quoted)
bonds, commercial papers

Unless otherwise specified, all monetary values are in Millions of INR

01/04/2017 01/04/2016
to to
31/03/2018 31/03/2017
Disclosure of fair value measurement [TextBlock]
Disclosure of fair value measurement of assets [TextBlock]
Whether assets have been measured at fair value Yes Yes
Disclosure of fair value measurement of liabilities [TextBlock]
Whether liabilities have been measured at fair value No No
Disclosure of fair value measurement of equity [TextBlock]
Whether equity have been measured at fair value No No
Disclosure of significant unobservable inputs used in fair value
measurement of assets [TextBlock]

[613300] Notes - Operating segments

Unless otherwise specified, all monetary values are in Millions of INR
01/04/2017 01/04/2016
to to
31/03/2018 31/03/2017
Disclosure of entity's operating segments [TextBlock]
Disclosure of reportable segments [TextBlock]
Whether there are any reportable segments No No
Disclosure of major customers [TextBlock]
Whether there are any major customers No No

[610700] Notes - Business combinations

Unless otherwise specified, all monetary values are in Millions of INR
01/04/2017 01/04/2016
to to
31/03/2018 31/03/2017
Disclosure of business combinations [TextBlock]
Whether there is any business combination No No
Disclosure of reconciliation of changes in goodwill [TextBlock]
Whether there is any goodwill arising out of business combination No No
Disclosure of acquired receivables [TextBlock]
Whether there are any acquired receivables from business combination No No
Disclosure of contingent liabilities in business combination [TextBlock]
Whether there are any contingent liabilities in business combination No No

198
FLIPKART INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

[611500] Notes - Interests in other entities

Unless otherwise specified, all monetary values are in Millions of INR
01/04/2017 01/04/2016
to to
31/03/2018 31/03/2017
Disclosure of interests in other entities [TextBlock]
Disclosure of interests in subsidiaries [TextBlock]
Disclosure of subsidiaries [TextBlock]
Whether company has subsidiary companies No No
Whether company has subsidiary companies which are yet to commence
No No
operations
Whether company has subsidiary companies liquidated or sold during
No No
year
Disclosure of interests in associates [TextBlock]
Disclosure of associates [TextBlock]
Whether company has invested in associates No No
Whether company has associates which are yet to commence operations No No
Whether company has associates liquidated or sold during year No No
Disclosure of interests in joint arrangements [TextBlock]
Disclosure of joint ventures [TextBlock]
Whether company has invested in joint ventures No No
Whether company has joint ventures which are yet to commence
No No
operations
Whether company has joint ventures liquidated or sold during year No No
Disclosure of interests in unconsolidated structured entities [TextBlock]
Disclosure of unconsolidated structured entities [TextBlock]
Whether there are unconsolidated structured entities No No
Disclosure of investment entities [TextBlock]
Disclosure of information about unconsolidated subsidiaries [TextBlock]
Whether there are unconsolidated subsidiaries No No
Disclosure of information about unconsolidated structured entities
controlled by investment entity [TextBlock]
Whether there are unconsolidated structured entities controlled by
No No
investment entity

[610800] Notes - Related party

Disclosure of transactions between related parties [Table] ..(1)

Unless otherwise specified, all monetary values are in Millions of INR
Categories of related parties [Axis] Parent [Member]
Related party [Axis] Column 1
01/04/2017 01/04/2016
to to
31/03/2018 31/03/2017
Disclosure of transactions between related parties [Abstract]
Disclosure of transactions between related parties [Line items]
(A) Flipkart
Name of related party Limited
(B) Flipkart Limited

Country of incorporation or residence of related party SINGAPORE SINGAPORE

Various
transactions as per Various transactions
Description of nature of transactions with related party note 21 of the as per note 21 of the
Financial Financial Statements
Statements
Description of nature of related party relationship Holding company Holding company
Related party transactions [Abstract]
Other related party transactions expense (C) 1,686.87 (D) 158.07
Other related party transactions contribution made (E) 44,724.77 0
Outstanding balances for related party transactions [Abstract]
Amounts payable related party transactions (F) 283.03 (G) 206.75

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FLIPKART INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

Footnotes
(A) Flipkart Private Limited wef 3 May 2018
(B) Flipkart Private Limited wef 3 May 2018
(C) ESOP cross charge
(D) ESOP cross charge
(E) Share application money received
(F) Payable
(G) Payable
Unless otherwise specified, all monetary values are in Millions of INR
01/04/2017 01/04/2016
to to
31/03/2018 31/03/2017
Textual information (15)
Disclosure of related party [TextBlock] [See below]
Whether there are any related party transactions during year Yes Yes
Disclosure of transactions between related parties [TextBlock]
Whether entity applies exemption in Ind AS 24.25 No No
Whether company is subsidiary company Yes Yes
Section under which company is subsidiary Section 2(87)(ii) Section 2(87)(ii)

200
FLIPKART INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

Textual information (15)

Disclosure of related party [Text Block]

21. Related party disclosures

Names of related parties and related party relationship

a) Related parties where control exists

Holding Company Flipkart Limited, Singapore*

b) Related party with whom transactions have taken place during

the year

Holding company Flipkart Limited, Singapore*

Fellow subsidiaries Flipkart Internet Private Limited, India

Flipkart Logistics Services Private Limited, India

Myntra Designs Private Limited, India

Jeeves Consumer Services Private Limited, India

F1 Info Solutions & Services Private Limited, India

Instakart Services Private Limited, India

MintKart India Private Limited, India

Myntra Jabong India Private Limited, India

Novarris Fashion Trading Private Limited, India

PhonePe Private Limited , India

201
FLIPKART INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

Key management personnel Rajiv Sawhney (From October 1, 2016 till November 3,
2017)

* Flipkart Limited, Singapore changed to Flipkart Private Limited, Singapore with effect from May 3, 2018.

c) Related party transactions

The following table provides the total amount of transactions that have been entered into with related parties for the relevant financial year:

Relationship Nature of transactions March 31, 2018 March 31, 2017

a) Transactions

Holding company ESOP cross charge 1,686.87 158.07

Share application money received 44,724.77 -

Issue / allotment of shares 44,724.76 -

Refund of share application money 0.01 -

Insurance charges - 1.49

Bank guarantee issuance charges 13.76 19

Fellow subsidiary company Intercorporate loan received 19,636.20 4,445.70

Intercorporate loan repaid 17,351.10 4,445.70

Interest expense on intercorporate loan 144.63 50.38

Intercorporate loan given 42,286.34 21,177.40

Intercorporate loan recovered 52,499.54 9,977.40

202
FLIPKART INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

Interest income on intercorporate loan 528.21 306.23

Repairs and maintenance - others 97.86 48.33

Other non-operating rental income 91.85 29.95

Insurance cross charge 8.30 14.90

Sale of services - 294.98

Rent 81.86 38.27

Sale of traded goods 370.42 582.18

Purchase of traded goods including installation expense 1,666.82 134.38

Staff welfare expenses 2.82 -

Storage service charge 368.90 223.39

Employee benefits expense (cross charge) 6.43 -

Key management personnel Director's remuneration** 7.54 7.88

** The remuneration to the key managerial personnel does not include the provisions made for gratuity and leave benefits, as they are
determined on an actuarial basis for the Company as a whole.

b) Balances as at year end

March 31, 2018 March 31, 2017

Holding company Payable 283.03 206.75

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FLIPKART INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

Fellow subsidiary company Payable 1,318.19 55.80

Receivable 62.05 212.31

Intercorporate loan payable 2,285.10 -

Intercorporate loan receivable 3,116.80 13,330.00

Interest receivable 6.50 17.54

Interest payable 7.18 -

Disclosure for significant related party transactions:

Name of the party Nature of transactions March 31, 2018 March 31, 2017

Flipkart Limited, Singapore ESOP cross charge 1,686.87 158.07

(Holding company) Share application money received 44,724.77 -

Issue / allotment of shares 44,724.76 -

Flipkart Internet Private Limited Intercorporate loan received - 4,445.70

(Fellow subsidiary company) Intercorporate loan repaid - 4,445.70

Intercorporate loan given 19,174.30 -

Intercorporate loan recovered 16,057.50 -

Intercorporate loan receivable 3,116.80 -

Sale of services - 294.98

Sale of traded goods 172.14 386.71

204
FLIPKART INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

Instakart Services Private Limited Intercorporate loan given 21,266.78 18,052.40

(Fellow subsidiary company) Intercorporate loan collected 34,596.78 6,002.40

Intercorporate loan outstanding 2,285.10 13,330.00

Intercorporate loan received 19,636.20 -

Intercorporate loan repaid 17,351.10 -

Sale of traded goods 198.13 192.93

Storage service charge 368.90 223.39

Interest Income 463.20 176.08

Interest Expense 144.63 -

Myntra Designs Private Limited Intercorporate loan given - 2,795.00

(Fellow subsidiary company) Intercorporate loan collected - 3,645.00

Purchase of traded goods 435.82 -

Myntra Jabong India Private Limited Intercorporate loan given 1,095.26 -

(Fellow subsidiary company) Intercorporate loan collected 1,095.26 -

Purchase of traded goods 1,209.92 -

PhonePe Private Limited Intercorporate loan given 750.00 -

(Fellow subsidiary company) Intercorporate loan collected 750.00 -

205
FLIPKART INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

[611700] Notes - Other provisions, contingent liabilities and contingent assets

Disclosure of contingent liabilities [Table] ..(1)

Unless otherwise specified, all monetary values are in Millions of INR
Contingent liability for guarantees
Classes of contingent liabilities [Axis] Other contingent liabilities [Member]
[Member]
01/04/2017 01/04/2016 01/04/2017 01/04/2016
to to to to
31/03/2018 31/03/2017 31/03/2018 31/03/2017
Disclosure of contingent liabilities [Abstract]
Disclosure of contingent liabilities [Line items]
Estimated amount
Estimated amount of
of contracts (net of
contracts (net of
advances)
advances) remaining
remaining to be
to be executed on
Corporate executed on capital
Description of nature of obligation, contingent Corporate Guarantee capital account and
Guarantee and Bank account and not
liabilities and Bank guarantee* not provided for and
guarantee* provided for and
Claims against the
Claims against the
company not
company not
acknowledged as
acknowledged as
debt
debt
Estimated financial effect of contingent
4,092.96 3,563.73 312.39 382.09
liabilities

Disclosure of contingent liabilities [Table] ..(2)

Unless otherwise specified, all monetary values are in Millions of INR
Classes of contingent liabilities [Axis] Other guarantees given [Member]
01/04/2017 01/04/2016
to to
31/03/2018 31/03/2017
Disclosure of contingent liabilities [Abstract]
Disclosure of contingent liabilities [Line items]
Estimated amount
Estimated amount of
of contracts (net of
contracts (net of
advances)
advances) remaining
remaining to be
to be executed on
executed on capital
capital account and
Description of nature of obligation, contingent liabilities account and not
not provided for and
provided for and
Claims against the
Claims against the
company not
company not
acknowledged as
acknowledged as
debt
debt
Estimated financial effect of contingent liabilities 312.39 382.09

Unless otherwise specified, all monetary values are in Millions of INR

01/04/2017 01/04/2016
to to
31/03/2018 31/03/2017
Disclosure of other provisions, contingent liabilities and contingent assets
[TextBlock]
Disclosure of contingent liabilities [TextBlock]
Whether there are any contingent liabilities Yes Yes

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FLIPKART INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

[700200] Notes - Corporate social responsibility

Classification of CSR spending [Table] ..(1)

Unless otherwise specified, all monetary values are in Millions of INR
Classification of CSR spending [Axis] Column 1
01/04/2017
to
31/03/2018
Disclosure of CSR spending [Abstract]
Details of CSR spent during financial year [Abstract]
Manner in which amount CSR spent during financial year [Abstract]
Manner in which amount CSR spent during financial year [Line items]
As per the CSR
CSR project or activity identified Policy attached
Poverty, hunger,
Sector in which project is covered malnutrition
As per the board
Whether projects or programs undertaken in local area or other report attached
Name of state or union territory where projects or programs was undertaken Karnataka
As per the board
Name of district where projects or programs was undertaken report attached
Budget amount outlay project or program wise 0
Amount spent on projects or programs [Abstract]
Direct expenditure on projects or programs 0
Overheads on projects or programs 0
Total amount spent on projects or programs 0
Cumulative expenditure upto reporting period 0
Expenditure on administrative overheads 0
(A) Directly by
Mode of amount spent company

Footnotes
(A) The company is into losses and there is no actual spending.

Disclosure of net profits for last three financial years [Table] ..(1)
Unless otherwise specified, all monetary values are in Millions of INR
Financial year 1 Financial year 2 Financial year 3
Net profits for last three financial years [Axis]
[Member] [Member] [Member]
01/04/2017 01/04/2017 01/04/2017
to to to
31/03/2018 31/03/2018 31/03/2018
Disclosure of net profits for last three financial years [Abstract]
Disclosure of net profits for last three financial years [LineItems]
Description of financial year 2016-17 2015-16 2014-15
Profit before tax of financial year -2,447.33 -5,443.67 -8,282.41
Net profit computed u/s 198 and adjusted as per rule 2(1)(f)
0 0 0
of Companies (CSR Policy) Rules, 2014

Unless otherwise specified, all monetary values are in Millions of INR

01/04/2017
to
31/03/2018
Disclosure of corporate social responsibility explanatory [TextBlock]
Whether provisions of corporate social responsibility are applicable on
Yes
company
Whether company has written CSR policy Yes

A s p e r
Annexure A to the Board of
Details CSR policy [TextBlock] Directors report
attached

Average net profit for last three financial years 0

Prescribed CSR expenditure 0
Amount CSR to be spent for financial year 0
Amount CSR spent for financial year 0
Amount spent in local area 0
Amount unspent CSR 0

207
FLIPKART INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

[610500] Notes - Events after reporting period

Unless otherwise specified, all monetary values are in Millions of INR
01/04/2017 01/04/2016
to to
31/03/2018 31/03/2017
Disclosure of events after reporting period [TextBlock]
Disclosure of non-adjusting events after reporting period [TextBlock]
Whether there are non adjusting events after reporting period No No

[612500] Notes - Share-based payment arrangements

Unless otherwise specified, all monetary values are in Millions of INR
01/04/2017 01/04/2016
to to
31/03/2018 31/03/2017
Disclosure of share-based payment arrangements [TextBlock]
Whether there are any share based payment arrangement No No
Disclosure of number and weighted average exercise prices of other equity
instruments [TextBlock]
Number of other equity instruments outstanding in share based payment
arrangement [Abstract]
Number of other equity instruments granted in share-based payment
[pure] 0 [pure] 0
arrangement
Total changes of number of other equity instruments outstanding
[pure] 0 [pure] 0
in share-based payment arrangement
Disclosure of indirect measurement of fair value of goods or
services received, other equity instruments granted during
period [TextBlock]
Number of other equity instruments granted in share-based payment
[pure] 0 [pure] 0
arrangement

[613000] Notes - Earnings per share

Unless otherwise specified, all monetary values are in Millions of INR
01/04/2017 01/04/2016
to to
31/03/2018 31/03/2017
Textual information (16)
Disclosure of earnings per share [TextBlock] [See below]
Basic earnings per share [Abstract]
Basic earnings (loss) per share from continuing operations [INR/shares] -3,630.39 [INR/shares] -452.74
Total basic earnings (loss) per share [INR/shares] -3,630.39 [INR/shares] -452.74
Diluted earnings per share [Abstract]
Diluted earnings (loss) per share from continuing operations [INR/shares] -3,630.39 [INR/shares] -452.74
Total diluted earnings (loss) per share [INR/shares] -3,630.39 [INR/shares] -452.74
Profit (loss), attributable to ordinary equity holders of parent entity
[Abstract]
Profit (loss), attributable to ordinary equity holders of parent entity 0 0
Profit (loss), attributable to ordinary equity holders of parent
0 0
entity including dilutive effects
Weighted average shares and adjusted weighted average shares [Abstract]
Weighted average number of ordinary shares outstanding [shares] 0 [shares] 0

208
FLIPKART INDIA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

Textual information (16)

Disclosure of earnings per share [Text Block]

24. Earnings per share (EPS)

Basic earning per share:

Basic earnings per share is calculated by dividing the loss attributable to equity shareholders of the Company by the weighted average
number of ordinary shares outstanding during the period, excluding equity shares purchased by the Company, if any.

Diluted earning per share:

Diluted earnings per share is calculated by adjusting the weighted average number of ordinary shares outstanding during the period for
assumed conversion of all dilutive potential ordinary shares, unless these shares are not anti-dilutive.

The following reflects the profit/(loss) and share data used in computation of basic and diluted EPS:

A reconciliation of loss for the year and weighted average number of ordinary shares used in the computation of basic and diluted earnings
per share is stated below:

March 31, 2018 March 31, 2017

Loss during the year attributable to owners of the Company (20,648.26) (2,447.33)

Weighted average number of ordinary shares outstanding 56,87,620 54,05,639

Basic and diluted earnings per share (3,630.39) (452.74)

[610900] Notes - First time adoption

Unless otherwise specified, all monetary values are in Millions of INR
01/04/2017 01/04/2016
to to
31/03/2018 31/03/2017
Disclosure of first-time adoption [TextBlock]
Whether company has adopted Ind AS first time No No

209