Arohan Financial Services Limited | Annual Report 2021-22

Financials | 181 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 27: Dividend Income Year ended 31 March 2022 Year ended 31 March 2021 Dividend Income 3.50 - Total 3.50 - Note 28: Fees and commission Income Year ended 31 March 2022 Year ended 31 March 2021 Income from cross sale business 4,172.35 2,308.87 Income from partnership business - 8.51 Income from insurance business - 7.16 Total 4,172.35 2,324.54 Note 29: Net gain on derecognition of financial instruments Year ended 31 March 2022 Year ended 31 March 2021 Gain on sale of loan portfolio through assignment/ transfer (*) - 1,565.00 Total - 1,565.00 (*) Includes ` Nil (March 31, 2021: ` 1,565.00) being gain on transfer of MSME business along with other related assets to Ashv Financials Limited through slump sale. Note 30: Other operating income Year ended 31 March 2022 Year ended 31 March 2021 Other operating income 124.02 147.25 Total 124.02 147.25 Note 31: Other income Year ended 31 March 2022 Year ended 31 March 2021 Interest income on deposits with banks 1,836.15 2,736.06 Miscellaneous income 33.88 12.25 Total 1,870.03 2,748.31 Note 32: Finance costs Year ended 31 March 2022 Year ended 31 March 2021 ( Measured at amortised cost ) Interest on debt securities 8,008.75 5,493.42 Interest on borrowings (other than debt securities) 28,289.38 37,550.22 Interest on subordinated liabilities 2,868.82 2,872.86 Other interest expenses 1,009.39 882.17 Total 40,176.34 46,798.67