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OTHER OPERATING INCOME, NET
 12 Months Ended
Mar. 31, 2022
OTHER OPERATING INCOME  
OTHER OPERATING INCOME, NET

13. OTHER OPERATING INCOME, NET

 

 

 

For the
year ended
December 31,

 

 

For the
three months
ended March 31,

 

 

For the fiscal
year ended
March 31,

 

 

For the
fiscal year
ended March 31,

 

 

 

2019

 

 

2020

 

 

2021

 

 

2022

 

 

 

RMB

 

 

RMB

 

 

RMB

 

 

RMB

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Guarantee income (Note 10)

 

 

—

 

 

 

44,471

 

 

 

207,825

 

 

 

126

 

Government grant

 

 

—

 

 

 

11,572

 

 

 

15,392

 

 

 

1,895

 

VAT in super deduction

 

 

1,925

 

 

 

—

 

 

 

—

 

 

 

—

 

Gains from waiver of operating payables (i)

 

 

—

 

 

 

—

 

 

 

2,010

 

 

 

73,747

 

Income from sale of loans recognized as a result of payments under guarantees

 

 

—

 

 

 

—

 

 

 

21,119

 

 

 

26,279

 

Transfer-out of unused VAT-input
   deductible

 

 

—

 

 

 

—

 

 

 

—

 

 

 

(20,030

)

 

 

 

1,925

 

 

 

56,043

 

 

 

246,346

 

 

 

82,017

 

 

(i) The Company entered into supplemental agreements with several suppliers in May and June 2021, pursuant to which the Company would be exempted from the repayment of other payables of approximately RMB120.4 million after all instalment pursuant to contractual payment schedule contained in the supplemental agreement are made by the Company. During the fiscal year ended March 31, 2022, a total of RMB73.7 million gains from waiver of operating payables were realized.