Arohan Financial Services Limited | Annual Report 2021-22

Financials | 169 Annual Report | 2021-2022 Arohan Financial Services Limited Summary of significant accounting policies and other explanatory information for the year ended 31 March, 2022 (Contd.) (All amounts in ` lakhs unless otherwise stated) Note 13 : Intangible assets (Contd.) Ageing schedule of intangible assets under development As at March 31, 2022 Intangible assets under development Amount in CWIP for a period of Total Less than 1 year 1-2 years 2-3 years More than 3 years Projects in progress 45.04 - - - 45.04 Projects temporarily suspended - - - - - Total 45.04 - - - 45.04 As at March 31, 2021 Intangible assets under development Amount in CWIP for a period of Total Less than 1 year 1-2 years 2-3 years More than 3 years Projects in progress 52.55 - - - 52.55 Projects temporarily suspended - - - - - Total 52.55 - - - 52.55 There are no continuing projects where completion date are overdue or cost of project exceeded compared to original plan. Note 14 : Right of use assets Right of use assets Gross carrying amount Balance as at March 31, 2020 1,014.97 Additions for the year 105.59 Disposals for the year 236.50 Balance as at March 31, 2021 884.06 Additions for the year 84.36 Disposals for the year 142.27 Balance as at March 31, 2022 826.15 Accumulated depreciation Up to March 31, 2020 274.68 Depreciation for the year 214.46 Adjustment on account of disposal 111.84 Up to March 31, 2021 377.30 Depreciation for the year 189.19 Adjustment on account of disposal 133.77 Up to March 31, 2022 432.72 Net block Balance as at March 31, 2021 506.76 Balance as at March 31, 2022 393.43