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OPERATING LEASE
12 Months Ended
Mar. 31, 2022
OPERATING LEASE  
OPERATING LEASE

14. OPERATING LEASE

 

The Group has operating leases primarily for office and operation space. The Group’s operating lease arrangements have remaining terms of one year to three years.

 

Supplemental consolidated balance sheets information related to leases were as follows:

 

 

 

March 31,
2021

 

 

March 31,
2022

 

 

 

RMB

 

 

RMB

 

 

 

 

 

 

 

 

Right-of-use assets

 

 

46,829

 

 

 

29,584

 

 

 

 

 

 

 

 

Operating lease liabilities - current

 

 

11,657

 

 

 

10,994

 

Operating lease liabilities - non-current

 

 

34,365

 

 

 

10,866

 

Total operating lease liabilities

 

 

46,022

 

 

 

21,860

 

 

 

 

 

 

 

 

Weighted average remaining lease term

 

 

4.33

 

 

 

2.25

 

Weighted average discount rate

 

 

5.40

%

 

 

5.19

%

 

 

Total operating lease costs were RMB161.3 million for the year ended December 31, 2019 including RMB58.7 million recorded from continuing business and RMB102.6 million from discontinued operations. Total short-term lease costs were RMB75.3 million for the year ended December 31, 2019, including RMB10.6 million recorded from continuing business and RMB64.7 million from discontinued operations.

 

Total operating lease costs were RMB18.8 million for the three months ended March 31, 2020 including RMB11.7 million recorded from continuing business and RMB7.1 million from discontinued operations. Total short-term lease costs were RMB5.4 million for the three months ended March 31, 2020, including RMB2.6 million recorded from continuing business and RMB2.8 million from discontinued operations.

 

Total operating lease costs were RMB36.3 million for the fiscal year ended March 31, 2021 including RMB33.0 million recorded from continuing business and RMB3.3 million from discontinued operations. Total short-term lease costs were RMB11.7 million for the fiscal year ended March 31, 2021, including RMB8.4 million recorded from continuing business and RMB3.3 million from discontinued operations.

 

Total operating lease costs were RMB19.8 million for the fiscal year ended March 31, 2022. Total short-term lease costs were RMB3.3 million for the fiscal year ended March 31, 2022.

 

Supplemental cash flow information related to leases in both continuing and discontinued operations were as follows:

 

 

 

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash paid for amounts included in the measurement of
   lease liabilities

 

 

134,071

 

 

 

8,503

 

 

 

13,599

 

 

 

23,547

 

Right-of-use assets obtained in exchange for operating
   lease liabilities

 

 

87,350

 

 

 

311

 

 

 

46,829

 

 

 

23,628

 

 

Maturities of operating lease liabilities are as follows:

 

 

 

March 31, 2022

 

 

 

RMB

 

 

 

 

 

The fiscal year ended March 31, 2023

 

 

11,796

 

The fiscal year ended March 31, 2024

 

 

5,450

 

The fiscal year ended March 31, 2025

 

 

5,886

 

Total operating lease payments

 

 

23,132

 

Less: imputed interest

 

 

(1,272

)

Total lease liabilities

 

 

21,860