161 | Annual Report | 2023-2024 Note 33: Impairment on financial instruments (cont'd) Year ended 31 March 2023 On Financial assets measured at fair value through profit & Loss On Financial instruments measured at Amortised Cost Total (Measured at amortised cost) Impairment loss allowance on loans - (14,577.65) (14,577.65) Impairment loss allowance on trade receivables - 147.44 147.44 Bad debt written off (net of recoveries) (*) - 33,746.81 33,746.81 Total - 19,316.60 19,316.60 (*) `9,794.27 lakhs (March 31, 2023: `4,418.61 lakhs) of recoveries netted off with bad debt written off which also includes ARC recovery. Note 34: Employee benefits expenses Year ended 31 March 2024 Year ended 31 March 2023 Salaries and wages 28,465.65 21,585.98 Contribution to provident and other funds 2,862.67 2,170.43 Share based payments to employees [Refer note 26] 515.76 282.76 Staff welfare expenses 627.87 575.63 Total 32,471.95 24,614.80 Note 35: Depreciation and amortization Year ended 31 March 2024 Year ended 31 March 2023 Depreciation on property, plant and equipment 255.09 171.16 Depreciation on right of use assets 204.07 168.97 Amortisation of intangible assets 109.18 136.11 Total 568.34 476.24 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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