Deferred revenue and customer advances

12 Months Ended

Mar. 31, 2017

Deferred revenue and customer advances

Deferred revenue and customer advances

17.   Deferred revenue and customer advances

Deferred revenue and customer advances primarily represent service fees prepaid by merchants or customers for which the relevant services have not been provided. The respective balances are as follows:

	As of March 31,
	2016			2017
	(in millions of RMB)
Deferred revenue		7,236			9,643
Customer advances		3,479			6,050
		10,715			15,693
Less: current portion		(10,297	)		(15,052	)
Non-current portion		418			641

All service fees received in advance are initially recorded as customer advances. These amounts are transferred to deferred revenue upon commencement of the provision of services by the Company and are recognized in the consolidated income statements in the period in which the services are provided. In general, service fees received in advance are non-refundable after such amounts are transferred to deferred revenue.