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Investments in associates and joint ventures
 12 Months Ended
Mar. 31, 2021
Investments in subsidiaries, joint ventures and associates [abstract]  
Interest in associates and joint ventures Non-controlling interests
Non-controlling interests represent the participating interests of third parties in the Group's equity and are comprised of the following Group entities:
(EUR thousand)As of March 31
Non-controlling interests202120202019
Global Blue TFS Japan Co Ltd3,969 4,873 4,524 
Global Blue Lebanon SAL472 714 944 
Global Blue Touristik Hizmetler A.Ş.1,234 1,917 2,573 
Global Blue Management & Co S.C.A.— (508)(433)
Global Blue Russia AO581 833 218 
Global Blue Russia Holdings B.V.320 325 326 
Global Blue Cross Border SA203 222 274 
Total Non-controlling interests6,779 8,376 8,426 
Dividends paid to non-controlling interests amounted to EUR0.2 million (EUR4.8 million for the financial year ended March 31, 2020, EUR3.9 million for the financial year ended March 31, 2019). For the financial year ended March 31, 2021 the dividend is related to Global Blue Touristik Hizmetler A.Ş. For the financial years ended March 31, 2020 and 2019 the dividends are related to Global Blue Touristik Hizmetler A.Ş., Global Blue TFS Japan Co Ltd and Global Blue Lebanon SAL.
Summarized financial information on Subsidiaries with material non-controlling interest
Set out below is the summarized financial information for each subsidiary that has a non-controlling interest that is material for the Group.
(EUR thousand)
Global Blue
TFS Japan Co. Ltd.		Global Blue Lebanon SALGlobal Blue Turistik Hizmetler A.Ş.
As of March 31
202120202019202120202019202120202019
Current
Assets4,308 13,513 11,984 395 3,453 5,241 2,821 6,386 6,173 
Liabilities10,841 19,978 17,536 549 2,098 3,981 2,134 5,498 4,535 
Total current net assets (liabilities)(6,533)(6,465)(5,552)(154)1,355 1,260 687 888 1,638 
Non- current
Assets14,630 16,404 14,786 134 169 202 1,118 1,239 1,165 
Liabilities4 0 3 84 371 248 630 512 501 
Total non-current net assets (liabilities)14,626 16,404 14,783 50 (202)(46)488 727 664 
Net assets8,093 9,939 9,231 (104)1,153 1,214 1,175 1,615 2,302 

(EUR thousand)
Global Blue
TFS Japan Co. Ltd.		Global Blue Lebanon SALGlobal Blue Turistik Hizmetler A.Ş.
For the financial year ended March 31
202120202019202120202019202120202019
Revenue3,084 20,375 18,773 71 2,310 2,729 1,326 5,525 5,808 
Profit for the year from continuing operations(1,140)8,120 7,352 (43)188 545 267 2,371 2,658 

(EUR thousand)
Global Blue TFS Japan Co. Ltd.Global Blue Lebanon SALGlobal Blue Turistik Hizmetler A.Ş.
For the financial year ended March 31
202120202019202120202019202120202019
Net increase (decrease) in cash and cash equivalents(7,851)8,709 (386)(622)228 293 (1,034)1,248 1,275 
(EUR thousand)
Global Blue Russia AOGlobal Blue Management & Co S.C.A.
As of March 31
202120202019202120202019
Current
Assets5,120 8,693 5,524 12 10 29 
Liabilities3,560 6,736 4,684 81 259,888 215,623 
Total current net assets (liabilities)1,560 1,957 840 (69)(259,878)(215,594)
Non- current
Assets381 496 446 460,978 478,219 437,657 
Liabilities— 3 49 — 248,146 246,571 
Total non-current net assets (liabilities)381 493 397 460,978 230,073 191,086 
Net assets1,941 2,450 1,237 460,909 (29,805)(24,508)
(EUR thousand)
Global Blue Russia AOGlobal Blue Management & Co S.C.A.
For the financial year ended March 31
202120202019202120202019
Revenue756 3,581 1,803 — — — 
Profit (Loss) for the year from continuing operations(488)1,857 652 (2,398)(5,297)(5,270)
(EUR thousand)
Global Blue Russia AOGlobal Blue Management & Co S.C.A.
For the financial year ended March 31
202120202019202120202019
Net increase (decrease) in cash and cash equivalents1,999 693 657 (1)(19)(43)
Investments in joint ventures and other investments
The Group holds interests in joint ventures that are individually not material, the main ones being Europass S.A.S and Cash Paris Tax Refund, both French-based companies involved in the TFSS business. Both entities are accounted for using the equity method in the consolidated financial statements.
As part of the investments, loans granted by the Group to joint ventures amount to EUR0.6 million as of March 31, 2021 (EUR1.5 million as of March 31, 2020, EUR0 million as of March 31, 2019).
The Group has the following investments in joint ventures and other investments:
(EUR thousand)As of March 31
202120202019
Joint ventures 2,744 2,892 840 
Other investments753 3 1,604 
Carrying amount of the Company’s interests:3,497 2,895 2,444 
The Group has the following income from joint ventures:
(EUR thousand)For the financial year ended March 31
Income from joint ventures202120202019
Share of profit or loss(1,056)(1,598)1,603 
Share of other comprehensive income— — — 
Share of total comprehensive income(1,054)(1,596)1,605