Arohan Financial Services Limited | Annual Report 2022-23

141 | 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) Note 13: Intangible assets (Contd.) Ageing schedule of intangible assets under development As at March 31, 2023 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 44.06 - - - 44.06 Projects temporarily suspended - - - - - Total 44.06 - - - 44.06 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 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, 2021 884.06 Additions for the year 84.36 Disposals for the year 142.27 Balance as at March 31, 2022 826.15 Additions for the year 269.38 Disposals for the year 7.06 Balance as at March, 31 2023 1,088.47 Accumulated depreciation 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 Depreciation for the year 168.97 Adjustment on account of disposal 3.27 Up to March, 31 2023 598.42 Net block Balance as at March 31, 2022 393.43 Balance as at March, 31 2023 490.05