Arohan Financial Services Limited | Annual Report 2022-23

155 | Annual Report | 2022-2023 Note 34: Employee benefits expenses Year ended 31 March 2023 Year ended 31 March 2022 Salaries and wages 21,585.98 17,892.00 Contribution to provident and other funds 2,170.43 2,102.71 Share based payments to employees 282.76 454.69 Staff welfare expenses 575.63 589.70 Total 24,614.80 21,039.10 Note 35: Depreciation and amortization Year ended 31 March 2023 Year ended 31 March 2022 Depreciation on property, plant and equipment 171.16 196.70 Depreciation on right of use assets 168.97 189.19 Amortisation of intangible assets 136.11 200.18 Total 476.24 586.07 Note 33: Impairment on financial instruments (Amortised cost) Year ended 31 March 2023 Year ended 31 March 2022 Impairment on loans (14,577.65) (24,959.65) Impairment on trade receivables 147.44 - Bad debt written off (net of recoveries) (*) 33,695.20 38,526.45 Total 19,264.99 13,566.80 (*) ` 3,949.17 lakhs (March 31, 2022: ` 1,357.86 lakhs) of recoveries netted off with bad debt written off. 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)