Arohan Financial Services Limited | Annual Report 2022-23

| 138 Annual Report | 2022-2023 Financial Arohan Financial Services Limited Summary of significant accounting policies and other explanatory information for the year ended 31 March 2023 (Contd.) (All amounts in ` lakhs unless otherwise stated) Note 9: Other financial assets As at 31 March 2023 As at 31 March 2022 Unsecured, considered good Security deposits 261.81 249.29 Receivable on assigned loans 2,259.72 8.26 Insurance receivables 85.13 105.43 Unbilled receivables 87.04 40.31 Others 148.75 220.36 2,842.45 623.65 Less: Impairment allowance on insurance receivables (85.13) (76.51) Total 2,757.32 547.14 Note 10: Current tax assets (net) As at 31 March 2023 As at 31 March 2022 Advance tax and TDS (net of provisions) 4,268.74 4,820.31 Total 4,268.74 4,820.31 Note 11: Deferred tax assets (net) As at 31 March 2023 As at 31 March 2022 Deferred tax assets for deductable temporary differences on: Impairment loss allowance on loan assets 6,586.17 10,217.96 Provision for employee benefits 621.20 528.43 Financial assets measured at amortised cost 539.78 384.38 Fair valuation of financial instruments through other comprehensive income - 0.17 Provision for expense allowed for tax purpose on payment basis 27.15 27.15 Other adjustments 4,341.63 2,588.46 12,115.93 13,746.55 Deferred tax liabilities for taxable temporary differences on: Difference in written down value as per books and as per income tax act (32.19) (26.97) Other adjustments 301.21 - 269.02 (26.97) Net deferred tax assets 11,846.91 13,773.52