Arohan Financial Services Limited | Annual Report 2022-23

139 | Annual Report | 2022-2023 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) Movement in deferred tax assets for the year ended March 31, 2023 Particulars As at 01 April 2022 Statement of profit and loss Other comprehensive income As at 31 March 2023 Deferred tax assets for deductable temporary differences on: Impairment loss allowance on loan assets 10,217.96 (3,631.79) - 6,586.17 Provision for employee benefits 528.43 4.43 88.34 621.20 Financial assets measured at amortised cost 384.38 155.40 - 539.78 Fair valuation of financial instruments through other comprehensive income 0.17 (0.17) - - Provision for expense allowed for tax purpose on payment basis 27.15 - - 27.15 Other adjustments 2,588.46 1,753.17 - 4,341.63 Total 13,746.55 (1,718.96) 88.34 12,115.93 Deferred tax liabilities for taxable temporary differences on: Difference in written down value as per books and as per income tax act (26.97) (5.22) - (32.19) Other adjustments - 301.21 - 301.21 Total (26.97) 295.99 - 269.02 Deferred tax assets (net) 13,773.52 (2,014.95) 88.34 11,846.91 Movement in deferred tax assets for the year ended March 31, 2022 Particulars As at 01 April 2021 Statement of profit and loss Other comprehensive income As at 31 March 2022 Deferred tax assets for deductable temporary differences on: Impairment loss allowance on loan assets 15,435.56 (5,217.60) - 10,217.96 Provision for employee benefits 446.16 25.61 56.66 528.43 Financial assets measured at amortised cost 3.65 380.73 - 384.38 Fair valuation of financial instruments through other comprehensive income 1.43 - (1.26) 0.17 Provision for expense allowed for tax purpose on payment basis 28.65 (1.50) - 27.15 Other adjustments 15.40 2,573.06 - 2,588.46 Total 15,930.85 (2,239.70) 55.40 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 1.46 (28.43) - (26.97) Financial assets measured at amortised cost 0.01 (0.01) - - Other adjustments 32.64 (32.64) - Total 34.11 (61.08) - (26.97) Deferred tax assets (net) 15,896.74 (2,178.62) 55.40 13,773.52