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Summary of Significant Accounting Policies (Tables)
12 Months Ended
Mar. 31, 2024
Accounting Policies [Abstract]  
Summary of Movement of Allowance for Credit Losses

The following table summarized the movement of allowance for credit losses:

 

For the years ended March 31,

 

 

2022

 

2023

 

2024

 

Balance at the beginning of year

 

(30,306

)

 

(30,016

)

 

(30,605

)

Cumulative effect of adoption of new accounting standard

 

 

 

 

 

(1,707

)

Reversals/(provisions)

 

152

 

 

(648

)

 

(2,649

)

Write-offs

 

138

 

 

59

 

 

28,588

 

Balance at the end of year

 

(30,016

)

 

(30,605

)

 

(6,373

)

Schedule of Estimated Useful Lives of Property and Equipment The estimated useful lives are as follows:

 

Building

 

20-46 years

Electronic equipment

 

3 years

Furniture and office equipment

 

5 years

Computer software

 

3-10 years

Vehicles

 

5 years

Leasehold improvements

 

Shorter of the expected use life or the lease term

Schedule of Estimated Useful Lives of Intangible Assets

The estimated useful lives of intangible assets are as follows:

Domain name

 

5-20 years

Trademarks

 

4-10 years

Insurance agency license

 

20 years

Broadcasting license

 

4-5 years

Buyer and customer relationship

 

5 years

Brand

 

2-8 years

Technology

 

2-5 years

Strategic business resources

 

3-5 years

Summary of Revision to the Consolidated Balance Sheet The revisions to the consolidated balance sheet as of March 31, 2023 are summarized as follows:

 

 

As of March 31, 2023

 

 

As Previously Reported

 

 

Adjustement

 

 

As revised

 

Loan receivables, net

 

7,229

 

 

 

25,000

 

 

 

32,229

 

Total current assets

 

640,606

 

 

 

25,000

 

 

 

665,606

 

Total assets

 

986,148

 

 

 

25,000

 

 

 

1,011,148

 

 

 

 

 

 

 

 

 

 

Accruals and other current liabilities

 

270,717

 

 

 

25,000

 

 

 

295,717

 

Total current liabilities

 

310,667

 

 

 

25,000

 

 

 

335,667

 

Total liabilities

 

314,789

 

 

 

25,000

 

 

 

339,789