Deferred income tax assets and liabilities (Tables)

12 Months Ended

Mar. 31, 2023

Deferred tax assets and liabilities [abstract]

Disclosure of Temporary Difference, Unused Tax Losses and Unused Tax Credits

(EUR thousand)	For the financial year ended March 31
Net movement of deferred tax assets/(liabilities)	2023	2022
Opening balance as of April 1	26,398	11,010
Acquisition of subsidiaries	(1,834)	(309)
Disposal of subsidiaries	(128)	—
Recognized in income statement	3,846	16,174
Recognized in other comprehensive income	(95)	(570)
Exchange differences	(1,040)	93
Closing balance as of March 31	27,147	26,398

The amounts of deferred tax recognized in the consolidated statement of financial position comprise the following deferred tax assets / (liabilities):

(EUR thousand)	As of March 31
	2023		2022
Deferred tax balances	Assets	Liabilities	Assets	Liabilities
Balances with movements recognized in income statement
Trade receivables	72	(18)	118	(57)
Property, plant and equipment	317	(819)	357	(1,843)
Intangible assets	272	(8,377)	414	(10,149)
Current liabilities	4,747	(14)	4,219	(217)
Loans and borrowings	911	—	1,667	—
Other items	786	(31)	956	(26)
Deferred tax on tax credits	1,569	—	1,711	—
Tax value of loss carry-forwards recognized	28,249	—	29,670	—
Balances with movements recognized in other comprehensive income
Retirement benefit obligations	—	(336)	—	(422)
Other investments at FVOCI	—	(181)	—	—
Offsetting	(2,113)	2,113	(3,072)	3,072
Total	34,810	(7,663)	36,040	(9,642)

(EUR thousand)	As of March 31
Deferred tax recoverability	2023	2022
Deferred tax assets to be recovered within 12 months	1,697	2,000
Deferred tax assets to be recovered after more than 12 months	33,113	34,040
Deferred tax assets	34,810	36,040
Deferred tax liabilities to be recovered within 12 months	(760)	(3,444)
Deferred tax liabilities to be recovered after more than 12 months	(6,903)	(6,198)
Deferred tax liabilities	(7,663)	(9,642)

(EUR thousand)	As of March 31
Deferred tax assets have not been recognized in respect of the following tax losses:	2023	2022
Expiry within 1 year	394	454
Expiry 1-2 years	292	715
Expiry 2-5 years	36	6,457
Expiry after 5 years	71,432	51,525
No expiration	222,056	217,799
Total	294,210	276,950