OTHER RECEIVABLES, NET (Tables)

12 Months Ended

Mar. 31, 2022

Accounts, Notes, Loans and Financing Receivable [Line Items]

Schedule of other receivables, net

	March 31, 2021			March 31, 2022
	RMB			RMB
Loans recognized as a result of payments under guarantees		1,362,556			379,259
Less: provision for credit losses		(1,182,609	)		(324,371	)
		179,947			54,888

Other receivables

Accounts, Notes, Loans and Financing Receivable [Line Items]

Schedule of other receivables, net

	March 31, 2021			March 31, 2022
	RMB			RMB
Unreceived disposal consideration (i)		—			93,988
Rental and other deposits		44,892			39,697
Deposits in non-bank financing partners (ii)		19,919			310
Staff advance		16,268			15,742
Others		49,926			46,520
		131,005			196,257
Less: provision for credit losses		(20,980	)		(30,251	)
		110,025			166,006

(i) As of March 31, 2021, unreceived consideration of RMB129.4 million from the divestiture of 2B business was due from 58.com and was recorded in “amounts due from related parties”. Since July 12, 2021, 58.com was no longer the Company’s related party, unreceived 2B disposal consideration was recorded as “other receivables, net”. A total of US$7 million (equivalent to RMB45.4 million) was net settled with a portion of long-term debt due to the same counterparty during the fiscal year ended March 31, 2022. In addition to remaining amounts due from 58.com, the other receivables balance at March 31, 2022 included RMB9.7 million due from Boche related to that entity’s acquisition of the Company’s salvage care related business. The remaining amount due from 58.com related to the 2B transaction was fully settled in July 2022 (Note 26).

(ii) In relation with the Company’s historically-facilitated loans for non-banking financial institutions, which were not transferred to Golden Pacer during the divestiture of loan facilitation related business (Note 3), the Company, as the guarantor, was required to deposit a separate guarantee fund with those financial institutions.

Schedule of movement of provision for credit loss

The movement of the provision for credit loss for the year ended December 31, 2019, the three months ended March 31, 2020, and for the fiscal years ended March 31, 2021 and 2022 was as follows:

	For the year ended December 31,			For the three months ended March 31,			For the fiscal years ended March 31,
	2019			2020			2021			2022
	RMB			RMB			RMB			RMB
Beginning balance of the period		(6,457	)		(6,119	)		(51,666	)		(20,980	)
Changes on initial application of ASU 2016-13		—			(8,434	)		—			—
Addition		(1,411	)		(39,748	)		(1,104	)		(3,494	)
Write-off		—			2,635			31,790			679
Reclassified from amounts due from related parties		—			—			—			(6,456	)
Reclassified as assets held for sale		1,749			—			—			—
Ending balance of the period		(6,119	)		(51,666	)		(20,980	)		(30,251	)