Arohan Annual Report FY 20-21

Arohan Financial Services Limited Summary of significant accounting policies and other explanatory information for the year ended 31 March 2021 (Contd.) Note 10: Current tax assets (net) As at 31 March 2021 As at 31 March 2020 Advance tax and TDS (net of provisions) 635.96 410.66 Total 635.96 410.66 Note 11: Deferred tax assets (net) As at 31 March 2021 As at 31 March 2020 Deferred tax asset arising on account of: Impairment loss allowance on loan assets 15,435.56 3,659.06 Provision for employee benefits 446.16 378.56 Financial assets measured at amortised cost 3.66 3.57 Fair valuation of financial instruments through other comprehensive income 1.43 1.43 Provision for expense allowed for tax purpose on payment basis 28.65 30.15 Ind AS 116 15.40 10.99 Total deferred tax assets 15,930.85 4,083.76 Deferred tax liability arising on account of: Difference in written down value as per books and as per income tax act 1.46 32.68 Fair valuation of financial assets through other comprehensive income 0.01 320.53 Gain on derecognition of financial instruments - 202.90 Others 32.64 - Total deferred tax liabilities 34.11 556.11 Net deferred tax asset 15,896.74 3,527.65 Note 9: Other financial assets As at 31 March 2021 As at 31 March 2020 Unsecured, considered good Security deposits 268.29 264.59 Receivable on assigned loans 449.35 676.48 Advances recoverable on behalf of business correspondent arrangements - 106.17 Insurance receivables 125.57 140.71 Unbilled receivables 39.00 31.75 Others 169.25 934.67 Total 1,051.46 2,154.37 Particulars As at 01 April 2020 Statement of profit and loss Other com- prehensive income As at 31 March 2021 Deferred tax assets for deductible temporary differences on: Impairment loss allowance on loan assets 3,659.06 11,776.50 - 15435.56 Provision for employee benefits 378.56 25.79 41.81 446.16 Financial assets measured at amortised cost 3.57 0.09 - 3.66 Fair valuation of financial instruments through other comprehensive income 1.43 - - 1.43 Provision for expense allowed for tax purpose on payment basis 30.15 (1.50) - 28.65 Ind AS 116 10.99 4.41 - 15.40 Total 4,083.76 11,805.29 41.81 15,930.85 Deferred tax liabilities for taxable temporary differences on: Difference in written down value as per books and as per income tax act 32.68 (31.22) - 1.46 Fair valuation of financial assets through other comprehensive income 320.53 - (320.52) 0.01 Gain on derecognition of financial instruments 202.90 (202.90) - - Others - 32.64 32.64 Total 556.11 (201.48) (320.52) 34.11 Deferred tax assets (net) 3,527.65 12,006.77 362.33 15,896.74 Movement in deferred tax assets for the year ended 31 March 2021 Annual Report | 2020-2021 148