181 | Annual Report | 2023-2024 Note 43: Maturity analysis of assets and liabilities (Cont'd) Particulars As at 31 March 2024 As at 31 March 2023 Within 12 months After 12 months Within 12 months After 12 months LIABILITIES AND EQUITY Liabilities Financial liabilities Payables (I) Trade payables (i) total outstanding dues of micro enterprises and small enterprises - - - - (ii) total outstanding dues of creditors other than micro enterprises and small enterprises - - - - (II) Other payables (i) total outstanding dues of micro enterprises and small enterprises - - - - (ii) total outstanding dues of creditors other than micro enterprises and small enterprises - - - - Debt securities 8,728.54 32,175.27 10,839.01 19,245.76 Borrowings (other than debt securities) 3,29,485.66 1,91,310.50 2,44,787.11 1,36,149.22 Subordinated liabilities 96.11 39,788.18 2,545.50 39,782.33 Others financial liabilities 10,833.44 609.67 9,575.30 370.84 3,49,143.75 2,63,883.62 2,67,746.92 1,95,548.15 Non-financial liabilities Provisions 387.14 2,300.46 473.17 1,995.12 Other non-financial liabilities 3,938.25 415.15 2,250.92 - 4,325.39 2,715.61 2,724.09 1,995.12 TOTAL LIABILITIES 3,53,469.14 2,66,599.23 2,70,471.01 1,97,543.27 Net Equity 2,05,432.74 (13,957.05) 1,32,242.13 1,560.38 (#) Investment includes Security Receipts, the cash flow of which is difficult to estimate hence classified as per the residual maturity allowed by RBI. Note 44: Transferred financial assets In the course of its micro finance activity, the Company makes transfers of financial assets, where legal rights to the cash flows from the asset are passed to the counterparty and where the Company retains the rights to the cash flows but assumes a responsibility to transfer them to the counterparty. The Company has securitised its loan assets to an unrelated, related and other entities. As per the terms of the agreements, the Company is exposed to first loss default guarantee ranging from 17% to 20% of the amount securitised and therefore continues to be exposed to significant risk and rewards relating to the underlying mortgage receivables. Hence, these loan assets are not derecognised and proceeds received are presented as borrowings. The following tables provide a summary of financial assets that have been transferred in such a way that part or all of the transferred financial assets do not qualify for derecognition, together with the associated liabilities: Securitisation As at 31 March 2024 As at 31 March 2023 Gross carrying amount of securitised assets 41,673.59 79,717.95 Gross carrying amount of associated liabilities 41,003.55 72,139.97 Carrying value and fair value of securitised assets 41,673.59 79,717.95 Carrying value and fair value of associated liabilities 41,003.55 72,139.97 Net position 670.04 7,577.98 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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