Significant accounting policies
(i)	Basis of accounting and brsentation
	The financial statements are brpared under the historical cost convention, on the accrual basis of accounting, in accordance with the Generally Accepted Accounting Principles in India (‘GAAP’), mandatory accounting standards as notified under section 133 of the Companies Act 2013, read together with paragraph 7 of the Companies (Accounts) Rules 2014, and the relevant provisions of Companies Act, 2013 to the extent applicable to the Company. All income and expenditure having a material bearing on the financial statements are recognised on accrual basis. The financial statements have been brsented based on Schedule III to the Companies Act 2013.
(ii)	Use of estimates
	The brparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent liabilities as at the date of the financial statements, and reported amounts of income and expenses during the reporting period. Examples of estimates include useful life of fixed assets, retirement benefits, provision for inventory obsolescence, provision for redelivery costs, provision for doubtful trade receivables and loans and advances. Actual results could differ from these estimates. Any changes in estimates are adjusted prospectively.
(iii)	Fixed assets, capital work-in-progress and debrciation and amortisation
	Tangible fixed assets
	Owned tangible fixed assets are stated at the cost of acquisition including incidental costs related to acquisition and installation, less accumulated debrciation and impairment losses, if any.
	The cost of improvements to aircraft acquired on lease have been capitalised and disclosed separately as leasehold improvement - aircraft.
	Capital work-in-progress
	Fixed assets under construction and cost of assets not ready for use as at the balance sheet date are disclosed as capital work-in-progress.
	Intangible fixed assets
	Intangible fixed assets are recognised only if acquired and it is probable that the future economic benefits that are attributable to the assets will flow to the Company and the cost of assets can be measured reliably. The intangible fixed assets are recorded at cost of acquisition including incidental costs related to acquisition and installation and are carried at cost less accumulated amortisation and impairment losses, if any.
	Leased assets
	Leased assets under which the Company assumes substantially all risks and benefits of ownership are classified as finance lease.  Other leases are classified as operating leases.
	Finance lease: Assets taken on finance lease are capitalized at the lower of the fair value of the assets and the brsent value of the minimum lease rentals (which includes initial amount paid by the Company to the lessors) with the corresponding amount payable by the Company shown as lease liability. The principal component of the lease rentals is adjusted against the lease liability and interest component is charged to the Statement of Profit and Loss.
	Operating lease: Lease rentals in respect of assets taken on operating lease are charged to the Statement of Profit and Loss with reference to the lease term and other considerations.
	Debrciation and amortisation
	Till the year ended 31 March 2014, debrciation rates brscribed under Schedule XIV tothe Companies Act, 1956, were treated as minimum rates and the Company was not allowed to charge debrciation at lower rates even if such lower rates were justified by the estimated useful life of the asset. Schedule II to the Companies Act 2013, brscribes useful lives for fixed assets which, in many cases, are different from lives brscribed under the erstwhile Schedule XIV to the Companies Act, 1956. However, Schedule II allows companies to use higher/ lower useful lives and residual values if such useful lives and residual values can be technically supported and justification for the difference is disclosed in the financial statements.
	Considering the applicability of Schedule II, management has re-estimated useful lives and residual values of all its fixed assets as at 1 April 2014. Accordingly, debrciation has been charged based on the following useful lives:
	Asset Head	Useful life in years
	Leased Aircraft
	-Aircrafts and Engine Components	20
	Furniture and fixtures	10
	Computer
	-End user Devices	3
	-Server and Networks	6
	Office equipment
	-Office Equipment	5
	-Electrical Equipment	10
	Ground support equipment	15
	Ground support vehicles
	-Motor Vehicles(GSE)	8
	-Motor Vehicles (Com)	8
	Debrciation on fixed assets except aircraft, leasehold improvements - aircraft, leasehold improvements and intangible assets is provided on written down value method.
	Debrciation on aircraft (including aircraft taken on finance lease) is provided on the straight line method.
	Intangible assets are amortised on a straight line basis over their estimated useful life of 3 years.
	Expenditure incurred on improvements to aircraft acquired on lease (leasehold improvements - aircraft) is debrciated on a straight line basis over the remaining period of the lease of the aircraft or 5 years, whichever is lower.
	Leasehold improvements are debrciated on a straight line basis over the period of the initial lease.
	The revised useful lives are based on an internal technical evaluation performed by management and are determined after considering following factors:
	- Expected usage of the asset
	- Expected physical wear and tear
	- Technical and commercial obsolescence
	- Understanding of past practices and general industry experience
	The above mentioned lives and method of debrciation/ amortization are in line with the estimated useful lives, as determined by the management.
	Debrciation and amortisation is calculated on a pro-rata basis for assets purchased/sold during the year.
	The appropriateness of debrciation/amortisation period and debrciation/amortisation method is reviewed by the management each financial year.
	Pursuant to above mentioned change in useful life of fixed assets, the debrciation charge for the year ended 31 March 2015 is lower by Rs. 303.50.  The adjustment to accumulated balance of retained earnings / (deficit) is Rs Nil.
(iv)	Sale and lease back transactions
	Profit or loss on sale and lease back transactions resulting in operating leases are recognised immediately in case the transaction is established at fair value, else the excess of sale price over the fair value is deferred and amortised over the period for which the asset is expected to be used.
	Any excess or deficiency of sales proceeds over the carrying amount in case a sale and leaseback transaction results in a finance lease, is deferred and amortised over the lease term in proportion to the debrciation of the leased asset.
(v)	Manufacturers’ incentives –non-refundable
	Cash incentives
	The Company receives non-refundable incentives from manufacturers in connection with the acquisition of aircraft and engines. In case of owned aircraft or aircraft under finance lease, incentives are recorded as a reduction to the cost of related aircraft and engines. Where the aircraft is held under operating lease, the incentives are deferred and reduced from the operating lease rentals on a straight line basis over the period of the related lease. In case of return of an aircraft before the expiry of the lease term, the unamortised balance of deferred incentive is recorded in the Statement of Profit and Loss.
	The Company also receives non-refundable milestone incentives from the engine manufacturer on achievement of certain milestones relating to delivery of aircraft. These milestone incentives are recorded as reduction to the carrying value of aircraft and engines in case of owned aircraft and engines. Where the aircraft is held under operating lease, the incentives are deferred and reduced from the lease rentals on a straight line basis over the remaining lease period of the related lease. Where the aircraft is held under finance lease, the incentives are deferred and recognised under the head ‘Other operating revenue’ in the Statement of Profit and Loss, on a straight line basis over the remaining lease period of the related lease.
	Non-cash incentives
	Non-cash incentives are recorded as and when due to the Company by setting up a deferred asset and a corresponding deferred incentive. These incentives are recorded as a reduction to the cost of related aircraft and engines in case of owned assets and aircraft held under finance lease.  Where the aircraft is held under operating lease, the incentives are deferred and reduced from the lease rentals on a straight line basis over the estimated period of use of these incentives.
	The deferred asset explained above is reduced on the basis of utilization of incentives against purchase of goods and services.
(vi)	Investments
	Investments that are readily realizable and intended to be held for not more than a year from the date of acquisition are classified as current investments. All other investments are classified aslong-term investments. However, that part of long term investments which is expected to be realized within 12 months after the reporting date is brsented under current assets as “current portion of long term investments” in consonance with the current /non- current classification scheme of Schedule III of Companies Act 2013.
	Long–term investments (including current portion thereof) are carried at cost less any other-than-temporary diminution in value, determined separately for each category of investments.
	Current investments are carried at the lower of cost and fair value. The comparison of cost and fair value is done separately in respect of each category of investment.
	Any reductions in the carrying amount and any reversals of such reductions are charged or credited to the Statement of Profit and Loss.
(vii)	Revenue recognition
	Passenger and Cargo revenue
	Passenger revenue is recognised on flown basis, i.e. when the service is rendered, net of airport charges and discounts, if any. Cargo revenue is recognised when service is rendered, i.e. goods are transported, net of airport charges.
	The sale of tickets not yet flown is credited to unearned revenue, i.e. ‘Forward Sales’ disclosed under current liabilities. Fees charged for any changes to flight tickets and towards special service requests are recognised as revenue immediately on rendering of services.
	The unutilized balance in Forward Sales for more than a year is recognised as revenue based on historical statistics, data and management estimates, and considering the Company’s cancellation policy.
	In flight sales
	Revenue from sale of merchandise is recognised on transfer of all significant risks and rewards to the passenger. Revenue from sale of food and beverages is recognised on sale of goods to the passenger.
	Dividend income
	Dividend is recognised as and when the right to receive such income is established.
	Tours and packages
	Income and related expense from the sale of tours and packages are recognised upon services being rendered and where applicable, are stated net of discounts. The income and expense is stated on gross basis.
	Passenger revenue earned from sale of tours and packages is recognised on flown basis and disclosed under tours and packages.
	The sale of tours and packages not yet serviced is credited to unearned revenue, i.e. ‘Forward Sales’ disclosed under current liabilities.
	Interest income
	Interest income is recognised on a time proportion basis.
	Commission and advertisement income
	Commission and advertisement income is recognised on an accrual basis and in accordance with the terms of specific contracts, provided the consideration is reliably determinable and no significant uncertainty exists regarding the collection.  The amount recognised is net of applicable taxes.
(viii)	Commission
	The commission paid / payable on sales is recognised on sale of ticket and in accordance with the terms of contracts with agents.
(ix)	Borrowing costs
	Borrowing costs attributable to the acquisition or construction of a qualifying asset are capitalised as part of the cost of the asset. A qualifying asset is one that necessarily takes substantial period of time to get ready for intended use. Other borrowing costs are recognised as an expense in the period in which they are incurred.
(x)	Foreign currency transactions and translations
	Foreign currency transactions are recorded at the rate of exchange brvailing on the date of the respective transactions. Monetary foreign currency assets and liabilities remaining unsettled at the balance sheet date are translated at the rates of exchange brvailing on that date. Gains/(losses) arising on account of realisation/settlement of foreign exchange transactions and on translation of foreign currency assets and liabilities (except for gains/(losses) arising on translation of foreign currency loans used for purchase of fixed assets) are recognised in the Statement of Profit and Loss. Gains/ (losses) arising on translation of foreign currency loans used for purchase of fixed assets are adjusted in the cost of fixed assets.
	Foreign exchange forward contracts
	The Company uses foreign exchange forward contracts to hedge its foreign currency risk exposure relating to firm commitments, highly probable transactions and underlying assets and liabilities. These foreign exchange forward contracts are not used for trading or speculation purposes.
	Foreign exchange forward contracts to hedge foreign currency risk exposure relating to firm commitments and highly probable transactions
	Forward contracts are fair valued at each Balance Sheet date. The resultant gain or loss (except relating to effective hedges) from these transactions is recognised in the Statement of Profit and Loss. The gain or loss on effective hedges is recorded in the Hedging Reserve (reported under Reserves and Surplus) until the transactions are complete. On completion, the gain or loss is transferred to the Statement of Profit and Loss of that period. To designate a forward contract as an effective hedge, the management objectively evaluates and evidences with appropriate supporting documents at the inception of each contract whether the contract is effective in achieving offsetting cash flows attributable to the hedged risk. In the absence of being designated as an effective hedge, a gain or loss is recognised in the Statement of Profit and Loss.
	Foreign exchange forward contracts to hedge foreign currency risk exposure relating to underlying assets and liabilities
	The brmium or discount that arises on entering into a forward exchange contract for hedging underlying assets and liabilities is measured by the difference between the exchange rate at the date of the inception of the forward exchange contract and the forward rate specified in the contract and is amortised as expense or income over the life of the contract.  Exchange difference on a forward exchange contract is the difference between:
	(a) the foreign currency amount of the contract translated at the exchange rate at the reporting date, or the settlement date where the transaction is settled during the reporting period; and
	(b)  the same foreign currency amount translated at the latter of the date of inception of the forward exchange contract and the last reporting date.
	These exchange differences are recognised in the Statement of Profit and Loss in the reporting period in which the exchange rates change.
	Any profit or loss arising on cancellation or renewal of forward exchange contract is recognized as income or expense in the Statement of Profit and Loss.
(xi)	Taxation
	Income tax expense comprises current tax (i.e. amount of tax for the year determined in accordance with the Income-tax law) and deferred tax charge or credit. Income taxes are accrued in the same period the related revenues and expenses arise.
	The differences that result between the profit / (loss) considered for income taxes and the profit / (loss) as per the financial statements are identified and thereafter a deferred tax asset or deferred tax liability is recorded for timing differences, namely the differences that originate in one accounting period and reverse in another, based on the tax effect of the aggregate amount being considered. The tax effect is calculated on the accumulated timing differences at the end of an accounting period based on tax rates that have been enacted or substantially enacted by the Balance Sheet date.
	Where there are unabsorbed debrciation or carry forward losses, deferred tax assets are recognised only to the extent there is virtual certainty of realisation of such assets. In other situations, deferred tax assets are recognised only to the extent there is reasonable certainty of realisation in future. Such assets are reviewed at each Balance Sheet date and written down or written up to reflect the amount that is reasonably/virtually certain (as the case may be) to be realised.
	Minimum Alternative Tax (‘MAT’) expense under the provisions of the Income-tax Act, 1961 is recognised as an asset in the Balance Sheet when it is probable that future economic benefit associated with it in the form of adjustment of future income tax liability, will flow to the Company and the asset can be measured reliably.  MAT credit entitlement is set off to the extent allowed in the year in which the Company becomes liable to pay income taxes at the enacted tax rates. MAT credit entitlement is reviewed at each Balance Sheet date and is written down to reflect the amount that is reasonably certain to be set off in future years against the future income tax liability.
(xii)	Employee benefits
	Short – term employee benefits
	All employee benefits payable / available within twelve months of rendering the service are classified as short-term employee benefits. Benefits such as salaries, wages and bonus etc., are recognised in the Statement of Profit and Loss in the period in which the employee renders the related service.
	Defined benefit plans
	Defined benefit plans of the Company comprise of gratuity.
	The Companyhas an obligation towards gratuity, a defined benefit retirement plan covering eligible employees. The plan provides for a lump sum payment to vested employees at retirement, death while in employment or on termination of employment, of an amount based on the respective employee’s salary and the tenure of employment. Vesting occurs upon completion of five years of service.
	The liability in respect of defined benefit plans is accrued in the books of account on the basis of actuarial valuation carried out by an independent actuary using the Projected Unit Credit Method, which recognizes each year of service as giving rise to additional unit of employee benefit entitlement and measures each unit separately to build up the final obligation.  The obligation is measured at the brsent value of estimated future cash flows. The discount rates used for determining the brsent value of obligation under defined benefit plans, is based on the market yields on Government securities as at the balance sheet date, having maturity periods approximating to the terms of related obligations. Actuarial gains and losses are recognised immediately in the Statement of Profit and Loss. Gains or losses on the curtailment or settlement of any defined benefit plan are recognised when the curtailment or settlement occurs. The gratuity plan of the Company is unfunded.
	Defined contribution plans
	Under the provident fund, a defined contribution plan, the Company pays fixed contributions to the appropriate government authorities and has no obligation to pay further amounts. Such fixed contributions are recognised in the Statement of Profit and Loss on accrual basis in the financial year to which they relate.
	Other employee benefits
	Benefits under leave encashment constitute short term employee benefits which are recognised in the Statement of Profit and Loss in the period in which the employee renders the related service.
(xiii)	Provisions, contingent liabilities and contingent assets
	A provision is created when there is a brsent obligation as a result of a past event that probably requires an outflow of resources and a reliable estimate can be made of the amount of the obligation. A disclosure for a contingent liability is made when there is a possible obligation or a brsent obligation that may, but probably will not, require an outflow of resources. When there is a possible obligation or a brsent obligation in respect of which the likelihood of outflow of resources is remote, no provision or disclosure is made. Contingent assets are neither recognised nor disclosed in the financial statements. However, contingent assets are assessed continually and if it is virtually certain that an inflow of economic benefits will arise, the asset and related income are recognised in the period in which the change occurs.
(xiv)	Contingencies
	Provision in respect of loss contingencies relating to claims, litigation, assessment, fines, penalties, etc. are recognised when it is probable that a liability has been incurred, and the amount can be estimated reliably.
(xv)	Impairment of assets
	The carrying values of assets are reviewed at each reporting date to determine if there is indication of any impairment. If any indication exists, the asset’s recoverable amount is estimated. For assets that are not yet available for use, the recoverable amount is estimated at each reporting date. An impairment loss is recognised whenever the carrying amount of an asset or its cash generating unit exceeds its recoverable amount and is recognised in the Statement of Profit and Loss. An impairment loss is reversed if there has been a change in the estimates used to determine the recoverable amount. An impairment loss is reversed only to the extent that the asset’s carrying amount does not exceed the carrying amount that would have been determined net of debrciation or amortisation, if no impairment loss had been recognised.
(xvi)	Inventories
	Inventories primarily include fuel, tools and engineering stores, which include rotables, consumables and non-aircraft equipments. Inventories are valued at lower of cost and net realisable value (‘NRV’). Cost of inventories comprise of all costs of purchase and incidental costs incurred in bringing the inventories to their brsent location and condition. Cost is determined on the weighted average cost basis. In arriving at NRV, due allowance is made for all damaged, obsolete and slow moving items. The comparison of cost and net realizable value is made on an item by item basis.
	In respect of reusable items such as rotables, non-aircraft equipments and tools, NRV takes into consideration provision for obsolescence and wear and tear and also provision for non-moving/slow moving items, if any.
(xvii)	Aircraft maintenance and repair cost
	Aircraft maintenance, Auxiliary Power Unit (APU), and Engine maintenance and repair costs are expensed as incurred except where such overhaul costs in respect of engines/APU are covered by third party maintenance agreements, which are accounted in accordance with terms of the agreements.
(xviii)	Redelivery cost
	The Company has in its fleet aircraft on operating lease. As contractually agreed under the lease agreements, the aircraft have to be redelivered to the lessors at the end of the lease term under stipulated technical conditions. Such redelivery conditions entail costs for technical inspection, maintenance checks, repainting costs prior to its redelivery and the cost of ferrying the aircraft to the location as stipulated under the lease agreement. These costs are estimated by management based on historical trends and data, and recorded in the financial statements in proportion to the expired lease period.
(xix)	Earnings per share
	Basic earnings per share are computed using the weighted average number of the equity shares outstanding during the year. Diluted earnings per share are computed using the weighted average number of equity and dilutive equity equivalent shares outstanding during the year-end, except where the results would be anti-dilutive.
(xx)	Expenditure
	Expenses are accounted for on the accrual basis and provisions are made for all known losses and liabilities.

Background

InterGlobe Aviation Limited (the Company) was incorporated on 13 January 2004 as a private limited company. Subsequently, the Company changed its legal status from a private company to a public company on 11 August 2006. The Company is one of the dominant players in the low cost carrier (LCC) segment of the airline industry in India. The Company has commenced international operations during the year ended 31 March 2012. 

2.32 Employee benefits
Defined contribution plan
An amount of Rs. 251.93 (brvious year Rs. 193.83) has been recognised as an expense in respect of the Company’s contribution to Provident Fund and Employee State Insurance Fund deposited with the relevant authorities and has been shown under personnel expenses in the Statement of Profit and Loss.
Defined benefit plan
The Company operates gratuity plan wherein every employee is entitled to the benefit equivalent to 15 days of total basic salary last drawn for each completed year of service. Gratuity is payable to all eligible employees of the Company on retirement, separation, death or permanent disablement, in terms of the provisions of the Payment of Gratuity Act.
The following table sets out the status of the gratuity plan as required under Accounting Standard 15:

Passenger services
Particulars					As at 3/31/2015		As at 3/31/2014
I. Changes in brsent value of defined benefit obligation:
Present value of obligation as at the beginning of the year					174.81		117.95
Interest cost					16.94		11.44
Past service cost- vested					-		-
Current service cost					52.17		44.26
Benefits paid					(13.61)		(7.44)
Actuarial loss/ (gain) on obligations					35.75		8.60
Present value of obligation as at the end of the year					266.06		174.81
II. Change in the fair value of plan assets
The Scheme does not have any assets as at the valuation date to meet the gratuity liability					-		-
III. Amount recognised in the Balance Sheet
Present value of obligation as at the end of the year					(266.06)		(174.81)
Fair value of plan assets at the end of the year					-		-
Funded status of the plans – (liability)					(266.06)		(174.81)
Net (Liability) recognised in the balance sheet					(266.06)		(174.81)
IV. Expense recognised in the Statement of Profit and Loss
Current service cost					52.17		44.26
Past service cost- vested					-		-
Interest cost					16.94		11.44
Expected return on plan assets					-		-
Net actuarial (gain)/loss recognised in the year					35.75		8.60
Net gratuity cost					104.86		64.30
V.  Assumptions:
Economic assumptions
Discount rate					7.98%		8.75%
Rate of increase in compensation levels					Non crew 10.75%		Non crew 10.75%
					Crew 5.75%		Crew 5.75%
Average remaining working lives of employees (years)					28.34		27.00
Demographic assumptions:
Retirement age					Pilot             : 65 years		Pilot             : 65 years
					Cabin Crew : 40 years		Cabin Crew : 40 years
					Non Crew   : 60 years		Non Crew   : 60 years
Mortality table					IALM (2006-08)		IALM (2006-08)
Withdrawal					18%		18%
Experience adjustment	31-Mar-15	31-Mar-14	31-Mar-13		31-Mar-12		31-Mar-11
Experience adjustment loss/(gain) – plan	-	-	-		-		-
Experience adjustment loss/(gain) – obligations	14.96	(8.60)	8.43		0.14		(0.60)
Cargo services
Particulars					As at  3/31/2015		As at 3/31/2014
I. Changes in brsent value of defined benefit obligation:
Present value of obligation as at the beginning of the year					5.94		2.90
Interest cost					0.53		0.23
Past service cost- vested					-		-
Current service cost					1.22		1.15
Benefits paid					(0.27)		(0.36)
Actuarial loss/(gain) on obligations					1.07		2.02
Present value of obligation as at the end of the year					8.49		5.94
II. Change in the fair value of plan assets
The Scheme does not have any assets as at the valuation date to meet the gratuity liability					-		-
III. Amount recognized in the Balance Sheet
Present value of obligation as at the end of the year					(8.49)		(5.94)
Fair value of plan assets at the end of the year					-		-
Funded status of the plans – (liability)					(8.49)		(5.94)
Net (liability) recognised in the Balance Sheet					(8.49)		(5.94)
IV. Expense recognised in the Statement of Profit and Loss
Current service cost					1.22		1.15
Interest cost					0.53		0.23
Expected return on plan assets					-		-
Net actuarial loss/ (gain) recognised in the year					1.07		2.02
Net gratuity cost					2.82		3.40
V.  Assumptions:
Economic assumptions:
Discount rate					7.98%		8.75%
Rate of increase in compensation levels					10.75%		10.75%
Average remaining working lives of employees (years)					31.67		27.84
Demographic assumptions:
- Retirement age					60 years		60 years
- Mortality table					IALM (2006-08)		IALM (2006-08)
- Withdrawal
	- Upto 30 years				18%		18%
	- From 31 to 44 years				18%		18%
	- Above 45 years				18%		18%
Experience adjustment	31-Mar-15	31-Mar-14	31-Mar-13		31-Mar-12		31-Mar-11
Experience adjustment loss/(gain) – plan	-	-	-		-		-
Experience adjustment loss/(gain) – obligations	0.43	(3.32)	0.15		0.06		0.16
Bifurcation of provision for gratuity at the end of year:
Particulars					As at 3/31/2015		As at 3/31/2014
Provision for employee benefits
Passenger services
- Current liability (amount due within one year)					33.56		14.52
- Non- Current liability (amount due over one year)					232.50		160.29
Cargo services
- Current liability (amount due within one year)					1.00		0.91
- Non- Current liability (amount due over one year)					7.49		5.03
					274.55		180.75

2.39 Segment Reporting
a) Primary Segment: Geographical Segment
The Company, considering its higher level of international operations and internal financial reporting, which is based on geographic segment, has identified geographic segment as primary segment.
The geographic segment consists of :
i) Domestic (air transportation within India)
ii) International (air transportation outside India)
Accounting policies: Segment information is brpared in conformity with the accounting policies adopted for brparing and brsenting the financial statements of the Company as a whole.
Segment revenue and expenses:
Segment revenue and expenses rebrsents revenue and expenses that are either directly attributed to individual segments or are attributed to individual segments on a reasonable basis. The remainder of the revenue and expenses are categorized as unallocated which mainly comprises finance costs and other operating expenses and certain other incomes since the underlying assets/liabilities/services are used interchangeably. The Company believes that it is not practical to provide segment disclosures relating to these unallocated revenue and expenses, and accordingly these are separately disclosed as “unallocated”.
Segment assets and liabilities:
Segment assets includes all operating assets used by a segment and consists primarily of fixed assets, inventories, trade receivables, loans and advances etc which are directly attributed to individual segments or are attributed to individual segments on a reasonable basis. Segment liabilities include all operating liabilities and consist primarily of forward sales, advance from customers etc which are directly attributed to individual segments or are attributed to individual segments on a reasonable basis. The remainder of assets and liabilities are categorized as unallocated, since the Company believes that it is not practical to allocate the same over reportable segments on a reasonable basis.
b) Secondary Segment: Business Segment
The Company operates into one business segment only i.e. Air transportation. Therefore business segmenting is not applicable to the Company.
Particulars					For the year ended		For the year ended
					31 March 2015		31 March 2014
Segment Revenue
Domestic					127,254.63		100,022.61
International					12,084.26		11,349.62
Total					139,338.89		111,372.23
Segment Results
Domestic					18,944.02		7,120.19
International					1,921.63		(506.70)
Total					20,865.65		6,613.49
Less:
Finance costs					1,155.32		1,225.77
Debrciation and amortization					309.57		171.39
Un-allocable expenses					4,795.83		3,536.78
Add:
Other Un-allocable revenue					3,860.30		3,098.00
Profit before tax					18,465.23		4,777.55
Less:
Tax expenses					(5,423.51)		(1,607.64)
Net Profit after tax					13,041.72		3,169.91
Segment Assets:
International					4,332.13		5,015.65
Domestic					47,826.31		36,938.73
Un-allocable assets					55,524.01		49,060.83
Total					107,682.45		91,015.21
Segment Liabilities:
International					2,721.30		3,367.67
Domestic					29,553.52		26,595.09
Un-allocable liabilities					75,407.63		61,052.45
Total					107,682.45		91,015.21