OPERATING LEASES

12 Months Ended

Mar. 31, 2014

(16) OPERATING LEASES

The Group leased one floor of its building on March 1, 2014. The operating lease expires during the next six years.

Minimum rentals under operating leases are recognized on a straight-line basis over the term of the lease, including any periods of free rent.

Property on Operating Leases

	March 31, 2014
	RMB
Building	26,251,157
Less: Accumulated depreciation	(4,156,433	)
	22,094,724

Rentals under Operating Leases

Future minimum rentals under non-cancelable operating leases as of March 31, 2014 are:

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