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Investment in equity investees (Tables)
12 Months Ended
Mar. 31, 2016
Investment in equity investees  
Investment in equity investees

 

                                                                                                                                                                                    

 

 

 

Cost
method

 

Equity
method

 

Total

 

 

 

 

(in millions of RMB)

 

 

Balance at April 1, 2014

 

 

13,589

 

 

4,077

 

 

17,666

 

 

Additions

 

 

12,304

 

 

16,518

 

 

28,822

 

 

Share of results and other comprehensive income (i)

 

 

 

 

(1,148

)

 

(1,148

)

 

Less: disposals and transfers (ii)

 

 

(9,818

)

 

(806

)

 

(10,624

)

 

Less: impairment loss

 

 

(419

)

 

(438

)

 

(857

)

 

Foreign currency translation adjustments

 

 

17

 

 

1

 

 

18

 

​  

​  

​  

​  

​  

​  

 

Balance at March 31, 2015

 

 

15,673

 

 

18,204

 

 

33,877

 

 

Additions (iii)

 

 

19,764

 

 

41,968

 

 

61,732

 

 

Share of results and other comprehensive income (i)

 

 

 

 

(1,296

)

 

(1,296

)

 

Less: disposals and transfers (ii)

 

 

(2,150

)

 

(751

)

 

(2,901

)

 

Less: impairment loss

 

 

(902

)

 

 

 

(902

)

 

Foreign currency translation adjustments

 

 

879

 

 

72

 

 

951

 

​  

​  

​  

​  

​  

​  

 

Balance at March 31, 2016

 

 

33,264

 

 

58,197

 

 

91,461

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

 

 

 

 

(i)

Share of results and other comprehensive income includes the share of results of the equity investees, the gain arising from the deemed disposal of the equity investees and the amortization of basis differences. The balance excludes the gain arising from fair value adjustments of contingent consideration related to an equity investee and the expenses in connection with the share-based awards relating to ordinary shares of the Company and Ant Financial Services granted to employees of certain equity investees (Note 8(d)).

(ii)

During the year ended March 31, 2015, transfers under the equity method were primarily related to the step acquisitions of OneTouch (Note 4(g)), UCWeb (Note 4(f)), AutoNavi (Note 4(d)), as well as an additional investment in Weibo (Note 4(u)).

During the year ended March 31, 2016, disposals under the cost method were primarily related to the partial disposal of the Company's investment in an equity investee. A gain of approximately US$471 million (RMB3,078 million) arising from such disposal was recognized in interest and investment income, net in the consolidated income statement. Transfers under the equity method were primarily related to the consolidation of Alibaba Health upon which the control was obtained by the Company (Note 4(c)).

(iii)

Additions during the year ended March 31, 2016 included the fair value of the retained noncontrolling investment in Alibaba Pictures which is accounted for as an equity method investee after the deconsolidation (Note 4(e)).