OTHER PAYABLES AND OTHER CURRENT LIABILITIES

12 Months Ended

Mar. 31, 2022

OTHER PAYABLES AND OTHER CURRENT LIABILITIES

OTHER PAYABLES AND OTHER CURRENT LIABILITIES

11. OTHER PAYABLES AND OTHER CURRENT LIABILITIES

	March 31, 2021		March 31, 2022
	RMB		RMB
Accrued advertising expenses (i)		305,217		268,455
Tax payables		77,862		68,720
Deposits		55,770		60,014
Accrued service fee for IT and office support		114,762		53,285
Consideration payable to WeBank, current (Note 10)		71,309		53,162
Interest payable		39,280		50,969
Accrued service fee for transaction support		80,740		39,132
Deferred revenue		23,296		18,049
Accrued salaries and benefits		46,991		13,815
Operating lease liabilities, current		11,657		10,994
Accrued legal proceedings and litigations		17,812		420
Others		49,869		37,318
		894,565		674,333

(i) Pursuant to a contractual payment schedule contained in a supplemental agreement signed with one of the Company’s suppliers in June 2021, in order to settle all payables, due to this supplier, a total of RMB56.1 million, will be waived after full payment is made by the Company as long as the Company makes payments on schedule. As of March 31, 2022, a total of RMB154.3 million was recorded as “accrued advertising expense”, out of which, RMB50.0 million was subsequently paid by the Company on April 1, 2022, and the last payment will be made by December 2022. Currently, the Company made the payments on schedule.

As of March 31, 2022, accrued adverting expenses included a total of RMB69.4 million due to 58.com, which was subsequently settled in July 2022 (Note 26).