XML 40 R48.htm IDEA: XBRL DOCUMENT v2.4.0.8
Segments (Tables)
12 Months Ended
Mar. 31, 2013
Segment Reporting [Abstract]  
Segment Results and Segment Assets

Following are the segment results and segment assets for the years ended March 31, 2011, 2012 and 2013.

 

    2011     2012     2013  
    India
Online
Business
    US
Publishing
Business
    Total     India
Online
Business
    US
Publishing
Business
    Total     India
Online
Business
    US
Publishing
Business
    Total  
    US$     US$     US$     US$     US$     US$     US$     US$     US$  

Revenues from external customers:

                 

Advertising

    13,817,053        3,548,083        17,365,136        12,517,461        3,462,646        15,980,107        8,485,560        2,872,638        11,358,198   

Fee based services

    4,125,556        304,771        4,430,327        3,705,761        256,398        3,962,159        4,041,904        258,602        4,300,506   
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total revenues

    17,942,609        3,852,854        21,795,463        16,223,222        3,719,044        19,942,266        12,527,464        3,131,240        15,658,704   

Cost of revenues (excluding depreciation and amortization)

    8,299,834        2,496,145        10,795,979        8,241,612        2,532,509        10,774,121        7,470,935        2,480,949        9,951,884   
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Segment Results

    9,642,775        1,356,709        10,999,484        7,981,610        1,186,535        9,168,145        5,056,529        650,291        5,706,820   
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Segment Assets

    57,334,942        4,702,523        62,037,465        44,457,954        3,483,912        47,941,866        35,577,371        820,713        36,398,084   

Capital expenditures

    4,034,753        11,303        4,046,056        5,375,763        33,786        5,409,549        2,105,552        2,315        2,107,867   

Depreciation/amortization

    3,776,809        9,589        3,786,398        3,490,725        9,044        3,499,769        3,651,816        12,560        3,664,376   
Reconciliation of Segment Results to (Loss) Income Before Income Taxes

The following is a reconciliation of the segment results to (loss) income before income taxes of the Company for the years ended March 31, 2011, 2012 and 2013.

 

     2011     2012     2013  
     US$     US$     US$  

Segment result

     10,999,484        9,168,145        5,706,820   

Operating expenses (including depreciation and amortization)

     (19,695,625     (20,005,598     (19,571,322

Other income, net

     2,927,113        3,441,498        2,314,721   
  

 

 

   

 

 

   

 

 

 

Net loss before income taxes and equity in net earnings (loss) of equity method investees

     (5,769,028     (7,395,955     (11,549,781
  

 

 

   

 

 

   

 

 

 

Reconciliation of Segment Assets to Total Assets

The following is a reconciliation of the segment assets to the total assets as at March 31, 2012 and 2013.

 

     As at March 31,  
     2012      2013  
     US$      US$  

India Online business

     44,457,954         35,577,371   

US Publishing business

     3,483,912         820,713   
  

 

 

    

 

 

 

Total segment assets

     47,941,866         36,398,084   

Investments in equity method investees

     81,473         —     

Investment, at cost

     1,300,000         1,404,987   

Promissory note

     1,100,000         —     

Rediff.com India Employee trust

     44,880         45,931   
  

 

 

    

 

 

 

Total assets

     50,468,219         37,849,002   
  

 

 

    

 

 

 

Revenue Derived from Customers

Revenues derived from customers are as follows:

 

     Years ended March 31,  
     2011      2012      2013  
     US$      US$      US$  

United States and Canada

     3,628,056         3,382,387         3,030,249   

India

     17,615,686         16,078,008         12,241,845   

Rest of the world

     551,721         481,871         386,610   
  

 

 

    

 

 

    

 

 

 

Total revenues

     21,795,463         19,942,266         15,658,704   
  

 

 

    

 

 

    

 

 

 

Long-lived Assets by Location

Long-lived assets by location are as follows:

 

     As of March 31,  
     2012      2013  
     US$      US$  

United States and Canada

     2,055,307         45,063   

India

     9,829,783         7,657,611   
  

 

 

    

 

 

 

Total

     11,885,090         7,702,674