Schedule of change in the carrying amount of goodwill |
|
|
RMB
|
|
|
|
|
|
Balance as of April 1, 2015 and 2016
|
|
31,011,902
|
|
Acquisition of Puhua Technology (Note 21)
|
|
1,512,081
|
|
Balance as of March 31, 2017
|
|
32,523,983
|
|
|
Summary of Company's intangible assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
March 31, 2016
|
|
|
|
|
|
|
|
|
|
|
|
Weighted
|
|
|
|
Gross
|
|
Accumulated
|
|
|
|
Net
|
|
Average
|
|
|
|
carrying
|
|
amortization
|
|
|
|
carrying
|
|
Amortization
|
|
|
|
amount
|
|
/deduction
|
|
Impairment
|
|
amount
|
|
Period
|
|
|
|
RMB
|
|
RMB
|
|
RMB
|
|
RMB
|
|
Years
|
|
Customer relationships
|
|
1,300,000
|
|
(767,500
|
)
|
—
|
|
532,500
|
|
12
|
|
Training platform
|
|
422,700
|
|
(204,305
|
)
|
—
|
|
218,395
|
|
5
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total intangible assets
|
|
1,722,700
|
|
(971,805
|
)
|
—
|
|
750,895
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
March 31, 2017
|
|
|
|
|
|
|
|
|
|
|
|
Weighted
|
|
|
|
Gross
|
|
Accumulated
|
|
|
|
Net
|
|
Average
|
|
|
|
carrying
|
|
amortization
|
|
|
|
carrying
|
|
Amortization
|
|
|
|
amount
|
|
/deduction
|
|
Impairment
|
|
amount
|
|
Period
|
|
|
|
RMB
|
|
RMB
|
|
RMB
|
|
RMB
|
|
Years
|
|
Customer relationships
|
|
1,300,000
|
|
(875,832
|
)
|
—
|
|
424,168
|
|
12
|
|
Training platform
|
|
422,700
|
|
(288,845
|
)
|
—
|
|
133,855
|
|
5
|
|
Royalty arrangement (i)
|
|
8,000,000
|
|
(1,200,000
|
)
|
—
|
|
6,800,000
|
|
5
|
|
Education assessment test caseware (ii)
|
|
4,177,358
|
|
(208,868
|
)
|
—
|
|
3,968,490
|
|
5
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total intangible assets
|
|
13,900,058
|
|
(2,573,545
|
)
|
—
|
|
11,326,513
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(i) Royalty arrangement represents the exclusive right the Group authorized to launch the online education services for banks registered under and supervised by China Banking Association for five years.
(ii) Education assessment test caseware is the test content purchased for the Company’s strategic K-12 academic assessment business, which includes three subjects of Literature, Mathematics and English over six grades of junior and senior high school.
|
Schedule of estimated amortization expense |
|
|
|
|
|
|
March 31
|
|
|
|
RMB
|
|
2018
|
|
2,628,345
|
|
2019
|
|
2,593,120
|
|
2020
|
|
2,543,805
|
|
2021
|
|
2,534,639
|
|
2022
|
|
1,026,604
|
|
|