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

ACCRUED EXPENSES AND OTHER PAYABLES

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ACCRUED EXPENSES AND OTHER PAYABLES
 12 Months Ended
Mar. 31, 2014
ACCRUED EXPENSES AND OTHER PAYABLES  
ACCRUED EXPENSES AND OTHER PAYABLES

(7)   ACCRUED EXPENSES AND OTHER PAYABLES

 

Accrued expenses and other payables consist of the following:

 

 

 

March 31,

 

 

 

2013

 

2014

 

 

 

RMB

 

RMB

 

Business tax, value-added tax and other taxes payable

 

6,276,692

 

8,556,910

 

Accrued payroll and welfare

 

15,684,309

 

19,379,016

 

Accrued test monitoring fees

 

14,946,724

 

14,183,667

 

Accrued certificates costs

 

2,593,694

 

2,702,086

 

Royalty fees payable

 

9,721,066

 

2,622,744

 

Income taxes payable

 

8,802,858

 

7,488,629

 

Other current liabilities

 

14,165,917

 

13,833,091

 

Total accrued expenses and other payables

 

72,191,260

 

68,766,143

 

 

Other current liabilities as of March 31, 2013 and 2014 mainly include accrued traveling expenses, rental expenses, meeting expense and other operating expenses, none of which individually exceed 5% of total current asset.