147 | Annual Report | 2023-2024 Note 13 : Other intangible assets (cont'd) Ageing schedule of intangible assets under development As at March 31, 2024 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 55.12 - - - 55.12 Projects temporarily suspended - - - - - Total 55.12 - - - 55.12 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 There are no continuing projects where completion date are overdue or cost of project exceedes as compared to original plan Note 14 : Right of use assets Right of use assets Gross carrying value 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 Additions for the year 461.72 Disposals for the year 30.63 Balance as at March, 31 2024 1,519.56 Accumulated depreciation 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 Depreciation for the year 204.07 Adjustment on account of disposal 19.57 Up to March 31, 2024 782.92 Net carrying value Balance as at March 31, 2023 490.05 Balance as at March 31, 2024 736.64 Arohan Financial Services Limited Notes to financial statements for the year ended March 31, 2024 (Contd.) (All amounts in ` lakhs unless otherwise stated)
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