
	As of March 31,
	2022		2023
	RMB		RMB
	(in millions)
Current:
Accounts receivable, net of allowance		32,813		32,134
Inventories		30,087		28,547
VAT receivables, net of allowance		23,779		17,497
Prepaid cost of revenue, sales and marketing and other expenses		17,902		16,794
Advances to/receivables from customers, merchants and others		11,205		14,499
Amounts due from related companies (i)		12,188		9,042
Interest receivables		2,449		5,471
Deferred direct selling costs and cost of revenue (ii)		3,915		4,771
Others		11,657		8,317
		145,995		137,072
Non-current:
Operating lease right-of-use assets		78,053		77,428
Deferred tax assets (Note 7)		14,475		15,494
Film costs and prepayment for licensed copyrights and others		12,425		8,905
Prepayment for acquisition of property and equipment		3,592		3,976
Others		4,602		5,123
		113,147		110,926

(i)

Amounts due from related companies primarily represent balances arising from transactions with Ant Group (Note 22), including dividend receivable from Ant Group amounting to RMB3,945 million and nil as of March 31, 2022 and 2023. The balances are unsecured, interest free and repayable within the next twelve months.

(ii)

The Company is obligated to pay certain costs upon the receipt of membership fees from merchants or other customers, which primarily consist of sales commissions, and certain costs associated with cloud services. The membership fees and cloud services revenue are initially deferred and recognized as revenue in the consolidated income statements in the period in which the services are rendered. As such, the related costs are also initially deferred and recognized in the consolidated income statements in the same period as the related service fees and revenue are recognized.