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Other Assets - Schedule of Prepaid Expense and Other Current Assets (Detail)
¥ in Thousands, $ in Thousands
Mar. 31, 2023
CNY (¥)
Mar. 31, 2023
USD ($)
Mar. 31, 2022
CNY (¥)
Mar. 31, 2021
CNY (¥)
Mar. 31, 2020
CNY (¥)
Prepayments, receivables and other current assets          
VAT receivables ¥ 8,707   ¥ 8,941    
Receivables of technology service 21,217   22,787    
Receivables from third-party payment service providers [1] 8,711   8,988    
Other prepaid expenses 20,130   4,969    
Deposits 2,655   2,515    
Employee loans and advances 1,474   667    
Interest receivable 631   343    
Receivables of financing facilitation service 452   1,806    
Prepaid promotion fees 107   184    
Others 6,982   5,756    
Less: Allowance for doubtful accounts (1,940)   (1,821) ¥ (1,691) ¥ (1,522)
Total prepayments, receivables and other current assets 69,126 $ 10,066 55,135    
Other non-current assets          
Other non-current assets 63,640 $ 9,267 214,964    
Gold [Member]          
Other non-current assets          
Other non-current assets [2] 32,378   0    
Prepayment for Maintenance Expenditure [Member]          
Other non-current assets          
Other non-current assets 17,116   0    
Prepayment for office building [Member]          
Other non-current assets          
Other non-current assets [3] 0   198,550    
Long term deposit [Member]          
Other non-current assets          
Other non-current assets ¥ 14,146   ¥ 16,414    
[1] Receivables from third party payment service providers represent cash due from the Group’s third party on-line payment service providers in relation to their processing of payments for the Group. As of March 31, 2022 and 2023, no allowance for doubtful accounts was provided for these receivables.
[2] As of March 31, 2023, the Company has purchased physical gold of RMB32,378 in total. As the Company intends to hold the gold for an indefinite long term period, the Company has recorded the asset in “other non-current assets” on the Consolidated Balance Sheets. The Company will record any decline in net realizable value lower than acquisition cost as a non-operating loss. The net realizable value is determined based on market value less cost to sale. Any recovery in valuation will only be recognized to the extent of previously recorded fiscal year losses, and only to the extent such recovery occurs in the same fiscal year as when such losses were recorded. As of March 31, 2023, the market value of the gold less cost to sell was higher than its purchase cost. Therefore, there was no impairment loss recognized for the year ended March 31, 2023.
[3] On August 8, 2020, the Group entered into an agreement with a third-party company to purchase an office building located in Hangzhou, China for a total consideration of RMB209,000. As of March 31, 2022, the Group had paid RMB198,550 for the office building purchase. As of March 31, 2023, the construction of the building has been completed and the prepayments have been transferred to the property and equipment (Note 11).