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Cash and cash equivalents
12 Months Ended
Mar. 31, 2022
Cash and cash equivalents [abstract]  
Cash and cash equivalents Cash and cash equivalents
Cash and cash equivalents consist of cash and bank accounts and are payable on demand. The bank accounts earn interest at various rates which differ by account. The deposits consist of highly liquid money market instruments, with withdrawal periods of no more than 3 months.
(EUR thousand)As of March 31
Cash and cash equivalents202220212020
Deposits3,438 63,036 84,884 
Cash and bank balances48,252 119,747 141,255 
Total51,690 182,783 226,139 
The fair value of cash and cash equivalents approximates its carrying value due to its short term nature.
Please refer to Note 26 related to the pledge of cash on hand.