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Interests in other entities
 12 Months Ended
Mar. 31, 2022
Interests In Other Entities [Abstract]  
Interests in other entities 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 interests202220212020
Global Blue TFS Japan Co Ltd3,180 3,969 4,873 
Global Blue Lebanon SAL299 472 714 
Global Blue Touristik Hizmetler A.Ş.713 1,234 1,917 
Global Blue Management & Co S.C.A.— — (508)
Global Blue Russia AO1,153 581 833 
Global Blue Russia Holdings B.V.349 320 325 
Global Blue Cross Border SA— 203 222 
Global Blue Pazarlama Destek ve Teknoloji Hizmetleri A.S38 — — 
Total Non-controlling interests5,732 6,779 8,376 
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 Turistik Hizmetler A.Ş.
As of March 31
202220212020202220212020
Current
Assets4,102 4,308 13,513 4,724 2,821 6,386 
Liabilities10,331 10,841 19,978 4,174 2,134 5,498 
Total current net assets (liabilities)(6,229)(6,533)(6,465)550 687 888 
Non- current
Assets12,712 14,630 16,404 1,150 1,118 1,239 
Liabilities— 4 — 592 630 512 
Total non-current net assets (liabilities)12,712 14,626 16,404 558 488 727 
Net assets6,483 8,093 9,939 1,108 1,175 1,615 
(EUR thousand)
Global Blue
TFS Japan Co. Ltd.		Global Blue Turistik Hizmetler A.Ş.
For the financial year ended March 31
202220212020202220212020
Revenue3,384 3,084 20,375 3,452 1,326 5,525 
Profit / (Loss) for the year from continuing operations(1,320)(1,140)8,120 2,067 267 2,371 

(EUR thousand)
Global Blue TFS Japan Co. Ltd.Global Blue Turistik Hizmetler A.Ş.
For the financial year ended March 31
202220212020202220212020
Net increase (decrease) in cash and cash equivalents(23)(7,851)8,709 721 (1,034)1,248 
Interests in other entities
Joint ventures and associates
The Group holds interests in joint ventures and associates that are individually not material. The two most significant investments are Europass S.A.S and Cash Paris Tax Refund, both French-based companies involved in the TFSS business.
(EUR thousand)As of March 31
202220212020
Aggregate carrying amount of individually immaterial joint ventures and associates2,650 2,744 2,892 
Aggregate amount of the Group's share of:
Loss from continuing operations(720)(1,056)(1,598)
Other comprehensive income— — — 
Total comprehensive loss(720)(1,056)(1,598)
As of March 31, 2022,the book value of loans granted by the Group to joint ventures and associates is nil (EUR0.6 million as of March 31, 2021, EUR1.5 million as of March 31, 2020).
Other investments
Other investments represent equity securities not held for trading.
(EUR thousand)
202220212020
Opening balance as of April 1753 3 1,604 
Additions3,878 750 — 
Fair value adjustment150 — — 
Derecognition due to step acquisition(900)— (1,600)
Exchange differences— — (1)
Closing balance as of March 313,881 753 3 
On February 1 and February 14, 2022, Global Blue acquired minority shares of 1% and 17.45% in technology companies Twig and Toshi for a consideration of GBP1.0 million (EUR1.2 million) and GBP2.1 million (EUR2.5 million), respectively.
The fair value adjustment results from the revaluation of the minority investment in Yocuda before the step acquisition and was recognized in other operating expenses in the income statement.