Annual and transition report of foreign private issuers pursuant to Section 13 or 15(d)

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Mar. 31, 2014

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Schedule of test monitoring costs and royalty fees

	Year Ended March 31,
	2012	2013	2014
	RMB	RMB	RMB

Test monitoring costs	88,232,358	129,127,028	124,427,159
Royalty fees	22,032,654	15,594,990	14,850,125

Schedule of useful lives of property and equipment

Building		30 years
Computer equipment		3 to 5 years
Furniture, fixtures and office equipment		5 years
Software		3 to 5 years
Motor vehicles		5 years
Leasehold improvements		the shorter of the lease terms or 5 years

Schedule of allocation of recognized employee benefit expenses

	Year Ended March 31,
	2012	2013	2014
	RMB	RMB	RMB
Cost of revenues	3,847,873	4,898,098	5,375,566
Research and development	3,694,142	4,214,374	4,960,632
Sales and marketing	3,551,100	5,269,923	3,511,656
General and administrative	2,206,793	2,608,307	2,568,027
Total expense due to employee benefit plans	13,299,908	16,990,702	16,415,881

Schedule of assets and liabilities and the net revenue and net income (loss) and cash flows of ATA Online

	March 31,
	2013	2014
	RMB	RMB

Cash	12,118,865	33,698,280
Accounts receivable, net	11,441,392	19,564,392
Prepayment and other current assets	3,395,536	1,455,916
Amounts due from related parties	29,562	3,815,811
Total current assets	26,985,355	58,534,399
Property and equipment, net	1,277,283	894,182
Total assets	28,262,638	59,428,581

Accrued expenses and other payables	5,058,492	14,280,824
Amounts due to related parties	1,804,678	9,708,450
Deferred revenue	493,284	1,308,993
Total liabilities	7,356,454	25,298,267

	Year ended March 31,
	2012	2013		2014
	RMB	RMB		RMB

Net revenue	49,782,361	24,960,260		100,204,186
Net income (loss)	25,782,832	(10,495,582	)	13,224,130

	Year ended March 31,
	2012		2013		2014
	RMB		RMB		RMB
Net cash provided by (used in) operating activities	16,468,040		(13,227,174	)	21,829,320
Net cash used in investing activities	(75,285	)	(1,128,140	)	(249,904	)
Net cash used in financing activities	(6,255,300	)	—		—

- Definition

Tabular disclosure of the significant judgments and assumptions made in determining whether a variable interest (as defined) held by the entity requires the variable interest entity (VIE) (as defined) to be consolidated and (or) disclose information about its involvement with the VIE, individually or in aggregate (as applicable); the nature of restrictions, if any, on the consolidated VIE's assets and on the settlement of its liabilities reported by an entity in its statement of financial position, including the carrying amounts of such assets and liabilities; the nature of, and changes in, the risks associated with involvement in the VIE; how involvement with the VIE affects the entity's financial position, financial performance, and cash flows; the lack of recourse if creditors (or beneficial interest holders) of the consolidated VIE have no recourse to the general credit of the primary beneficiary (if applicable); the terms of arrangements, giving consideration to both explicit arrangements and implicit variable interests, if any, that could require the entity to provide financial support to the VIE, including events or circumstances that could expose the entity to a loss; the methodology used by the entity for determining whether or not it is the primary beneficiary of the variable interest entity; the significant factors considered and judgments made in determining that the power to direct the activities of a VIE that most significantly impact the VIE's economic performance are shared (as defined); the carrying amounts and classification of assets and liabilities of the VIE included in the statement of financial position; the entity's maximum exposure to loss, if any, as a result of its involvement with the VIE, including how the maximum exposure is determined and significant sources of the entity's exposure to the VIE; a comparison of the carrying amounts of the assets and liabilities and the entity's maximum exposure to loss; information about any liquidity arrangements, guarantees, and (or) other commitments by third parties that may affect the fair value or risk of the entity's variable interest in the VIE; whether or not the entity has provided financial support or other support (explicitly or implicitly) to the VIE that it was not previously contractually required to provide or whether the entity intends to provide that support, including the type and amount of the support and the primary reasons for providing the support; and supplemental information the entity determines necessary to provide.

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