XML 37 R21.htm IDEA: XBRL DOCUMENT v3.21.2
Accruals and Other Liabilities
 12 Months Ended
Mar. 31, 2021
Payables and Accruals [Abstract]  
Accruals and Other Liabilities
14 ACCRUALS AND OTHER LIABILITIES
 
    
As of March 31,
  
    
2020
     
2021
  
    
RMB
     
RMB
  
Accrued liabilities and other current liabilities
                  
Deposits from merchants
(1)
      193,479        159,035  
Receipts under custody
(2)
      147,592        140,084  
Accrued advertisement expenses
      15,315        12,105  
Payable for Broadcasting License acquired (Note 12)
      13,000        —    
Accrued expenses
      9,131        7,426  
Other payables
      15,019        14,477  
    
 
 
     
 
 
  
    
393,536
     
333,127
  
    
 
 
     
 
 
  
Non-current
                  
Initial reimbursement payment from depositary bank
(3)
      3,644        2,151  
    
 
 
     
 
 
  
    
397,180
     
335,278
  
    
 
 
     
 
 
  
 
(1)
The customer deposits mainly represent the cash deposits as collateral collected from the merchants of the online platform. The deposit can be withdrawn immediately after the merchants terminate its online shop on the platform.
(2)
The receipts under custody mainly represent the amounts received by the Group from the registered users for their purchase through the Company’s online market platform, and have not been remitted to the third-party merchants yet.
(3)
The Company received initial reimbursement payment of US$935 (RMB6,297) from depositary bank in January 2019. The amount was recorded ratably as other income over a 5
 
year arrangement period. For the year ended March 31, 2020 and 2021, the Company has recorded RMB1,303 and
RMB1,267
in other income. For the year ended March 31, 2021, the Group received an additional reimbursement payment of US$1,638
 
(RMB10,829) from depositary bank for the transaction costs incurred in the prior years and the amount was recorded in other income.