OPERATING LEASES

12 Months Ended

Mar. 31, 2017

(19)OPERATING LEASES

Minimum rental income under operating lease is recognized on a straight-line basis over the term of the lease, including any periods of free rent.

Property on Operating Lease

	March 31, 2016		March 31, 2017
	RMB		RMB
Building	53,049,213		53,049,213
Less: Accumulated depreciation	(12,030,383	)	(13,812,837	)

	41,018,830		39,236,376

Rentals under Operating Lease

Future minimum rental income under non-cancelable operating lease as of March 31, 2017 are:

The entire disclosure for lessor entity's leasing arrangements for operating, capital and leveraged leases.