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PREPAID EXPENSES AND OTHER CURRENT ASSETS (Tables) | 12 Months Ended
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Mar. 31, 2022
PREPAID EXPENSES AND OTHER CURRENT ASSETS |
Schedule of prepaid expenses and other current assets |
|  | March 31, 2021 |  |  | March 31, 2022 |
|  | RMB |  |  | RMB |
VAT-input deductible |  |  | 71,989 |  |  |  | 54,728 |
Prepaid financial advisory service fee (i) |  |  | 12,000 |  |  |  | 12,000 |
Prepaid marketing expense |  |  | 3,955 |  |  |  | 7,877 |
Prepaid consulting and professional service fees |  |  | 6,495 |  |  |  | 5,383 |
Prepaid insurance cost |  |  | 4,325 |  |  |  | 4,973 |
Prepaid rental expense |  |  | 2,207 |  |  |  | 2,469 |
Prepayment for used vehicles |  |  | 4,689 |  |  |  | — |
Others |  |  | 2,176 |  |  |  | 2,582 |
|  |  | 107,836 |  |  |  | 90,012 |
(i) The Company entered into a long-term strategic cooperation agreement with Golden Pacer in April 2020, and an aggregate amount of RMB 60.0 million as prepayment was made in exchange for a 5-year financial solution advisory services from Golden Pacer. As of March 31, 2022, RMB 12.0 million was recorded in prepaid expenses and other current assets, and RMB 24.0 million was recorded in “other non-current assets”.

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- Definition Tabular disclosure of the amounts paid in advance for capitalized costs that will be expensed with the passage of time or the occurrence of a triggering event, and will be charged against earnings within one year or the normal operating cycle, if longer; the aggregate carrying amount of current assets, not separately presented elsewhere in the balance sheet; and other deferred costs. + References No definition available. + Details
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