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Segments
12 Months Ended
Mar. 31, 2015
Segment Reporting [Abstract]  
Segment Reporting Disclosure [Text Block]
18.
Segments
 
The chief operating decision maker’s (Rediff’s Chairman and Managing Director) allocates resources to and assess the performance of the segments of the Company. The chief operating decision maker evaluates segment performance primarily by results of the segment before operating expenses.
 
The Company has two operating segments, namely, the India Online business and the U.S. Publishing business.
 
(i)
India Online business, comprised of revenues from online advertising (which includes display, performance and sponsorship formats) and fee-based services (which includes e-commerce marketplace fees and revenues from subscription-based email services and mobile value added services).
 
(ii)
US Publishing business, comprised of revenues from advertising and subscription for India Abroad print and online properties and online advertising revenue from the Rediff India Abroad website.
 
Following are the segment results and segment assets for the years ended March 31, 2013, 2014 and 2015.
 
 
 
2013
 
2014
 
2015
 
 
 
India
 
US
 
 
 
India
 
US
 
 
 
India
 
US
 
 
 
 
 
Online
 
Publishing
 
 
 
Online
 
Publishing
 
 
 
Online
 
Publishing
 
 
 
 
 
Business
 
Business
 
Total
 
Business
 
Business
 
Total
 
Business
 
Business
 
Total
 
 
 
US$
 
US$
 
US$
 
US$
 
US$
 
US$
 
US$
 
US$
 
US$
 
Revenues from external customers:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Advertising
 
 
8,485,560
 
 
2,872,638
 
 
11,358,198
 
 
8,161,964
 
 
2,534,345
 
 
10,696,309
 
 
6,583,878
 
 
2,085,218
 
 
8,669,096
 
Fee based services
 
 
4,041,904
 
 
258,602
 
 
4,300,506
 
 
5,206,078
 
 
218,410
 
 
5,424,488
 
 
6,511,248
 
 
157,832
 
 
6,669,080
 
Total revenues
 
 
12,527,464
 
 
3,131,240
 
 
15,658,704
 
 
13,368,042
 
 
2,752,755
 
 
16,120,797
 
 
13,095,126
 
 
2,243,050
 
 
15,338,176
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cost of revenues (excluding depreciation and amortization)
 
 
7,470,935
 
 
2,480,949
 
 
9,951,884
 
 
8,330,948
 
 
2,082,116
 
 
10,413,064
 
 
8,854,598
 
 
1,981,319
 
 
10,835,917
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Segment Results
 
 
5,056,529
 
 
650,291
 
 
5,706,820
 
 
5,037,094
 
 
670,639
 
 
5,707,733
 
 
4,240,528
 
 
261,731
 
 
4,502,259
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Segment Assets
 
 
35,577,371
 
 
820,713
 
 
36,398,084
 
 
24,960,743
 
 
2,447,659
 
 
27,408,402
 
 
13,204,415
 
 
881,567
 
 
14,085,982
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Capital expenditure
 
 
2,105,552
 
 
2,315
 
 
2,107,867
 
 
1,469,037
 
 
6,325
 
 
1,475,362
 
 
1,416,692
 
 
539
 
 
1,417,231
 
Depreciation/amortization
 
 
3,651,816
 
 
12,560
 
 
3,664,376
 
 
3,054,173
 
 
6,096
 
 
3,060,269
 
 
1,713,662
 
 
5,665
 
 
1,719,327
 
 
The following is a reconciliation of the segment results to (loss) income before income taxes of the Company for the years ended March 31, 2013, 2014 and 2015.
 
 
 
2013
 
2014
 
2015
 
 
 
US$
 
US$
 
US$
 
 
 
 
 
 
 
 
 
Segment result
 
 
5,706,820
 
 
5,707,733
 
 
4,502,259
 
Operating expenses (including depreciation and amortization)
 
 
(19,571,322)
 
 
(18,048,045)
 
 
(19,534,453)
 
Other income, net
 
 
2,314,721
 
 
4,716,132
 
 
1,234,415
 
 
 
 
 
 
 
 
 
 
 
 
Net loss before income taxes and equity in net earnings (loss) of equity method investees
 
 
(11,549,781)
 
 
(7,624,180)
 
 
(13,797,779)
 
 
Revenues from fee based services are as follows:
 
 
 
As at March 31,
 
 
 
2013
 
2014
 
2015
 
 
 
US$
 
US$
 
US$
 
e-commerce marketplace fees
 
 
2,147,008
 
 
3,249,096
 
 
4,255,268
 
Subscription service
 
 
1,894,896
 
 
1,956,982
 
 
2,255,980
 
Total
 
 
4,041,904
 
 
5,206,078
 
 
6,511,248
 
 
The following is a reconciliation of the segment assets to the total assets as at March 31, 2014 and 2015.
 
 
 
As at March 31,
 
 
 
2013
 
2014
 
2015
 
 
 
US$
 
US$
 
US$
 
India Online business
 
 
35,577,371
 
 
24,960,743
 
 
13,204,415
 
US Publishing business
 
 
820,713
 
 
2,447,659
 
 
881,567
 
Total segment assets
 
 
36,398,084
 
 
27,408,402
 
 
14,085,982
 
Investment, at cost
 
 
1,404,987
 
 
 
 
 
Rediff.com India Employee trust
 
 
45,931
 
 
45,137
 
 
46,990
 
Total assets
 
 
37,849,002
 
 
27,453,539
 
 
14,132,972
 
 
Revenues are attributed to individual countries according to the location of the customers.
 
Revenues derived from external customers are as follows:
 
 
 
Years ended March 31,
 
 
 
2013
 
2014
 
2015
 
 
 
US$
 
US$
 
US$
 
United States and Canada
 
 
3,030,249
 
 
3,314,354
 
 
2,372,700
 
India
 
 
12,241,845
 
 
12,176,561
 
 
12,306,537
 
Rest of the world
 
 
386,610
 
 
629,882
 
 
658,939
 
Total revenues
 
 
15,658,704
 
 
16,120,797
 
 
15,338,176
 
 
No single customer accounted for 10 percent or more of the total revenues for the years ended March 31, 2013, 2014 and 2015.
 
Long-lived assets by location are as follows:
 
 
 
As of March 31,
 
 
 
2014
 
2015
 
 
 
US$
 
US$
 
United States and Canada
 
 
5,912
 
 
 
India
 
 
3,565,310
 
 
 
Total
 
 
3,571,222