Arohan Financial Services Limited | Annual Report 2021-22

182 | 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) (*) ` 1,357.86 lakhs (March 31, 2021: ` 936.14 lakhs) of recoveries netted off with bad debt written off. Note 33: Impairment on financial instruments Year ended 31 March 2022 On financial instruments measured at fair value through OCI On financial instruments measured at amortised Cost Total Impairment on loans - (24,959.65) (24,959.65) Bad debt written off (net of recoveries) (*) - 38,526.45 38,526.45 Total - 13,566.80 13,566.80 Note 33: Impairment on financial instruments (Contd.) Year ended 31 March 2021 On financial instruments measured at fair value through OCI On financial instruments measured at amortised Cost Total Impairment on loans (1.82) 48,168.96 48,167.14 Bad debt written off (net of recoveries) (*) - 2,219.15 2,219.15 Total (1.82) 50,388.11 50,386.29 Note 34: Employee benefits expenses Year ended 31 March 2022 Year ended 31 March 2021 Salaries and wages 17,892.00 16,342.75 Contribution to provident and other funds 2,102.71 1,549.19 Share based payments to employees 454.69 334.54 Staff welfare expenses 589.70 671.13 Total 21,039.10 18,897.61 Note 35: Depreciation and amortisation Year ended 31 March 2022 Year ended 31 March 2021 Depreciation on property, plant and equipment 196.70 248.63 Depreciation on right of use assets 189.19 214.46 Amortisation of intangible assets 200.18 205.43 Total 586.07 668.52