| ATA INC. ("Parent Company") |
(19) ATA INC. (“Parent Company”)
The following presents condensed financial information of the Parent Company only.
Condensed Balance Sheets
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|
|
March 31,
|
|
|
|
|
2013
|
|
2014
|
|
2014
|
|
|
|
|
RMB
|
|
RMB
|
|
USD
|
|
|
Cash
|
|
41,744,636
|
|
9,327,438
|
|
1,500,457
|
|
|
Prepaid expenses and other current assets
|
|
464,873
|
|
174,575
|
|
28,083
|
|
|
Investments in subsidiaries
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|
334,415,959
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|
403,522,684
|
|
64,912,599
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|
|
Total assets
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|
376,625,468
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|
413,024,697
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|
66,441,139
|
|
|
|
|
|
|
|
|
|
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|
Accrued expenses and other current liabilities
|
|
1,077,749
|
|
1,132,825
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|
182,231
|
|
|
Total liabilities
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1,077,749
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1,132,825
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|
182,231
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|
|
|
|
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|
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Common shares
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3,461,060
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|
3,474,894
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|
558,988
|
|
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Treasury shares
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|
(329,357
|
)
|
(1,029,766
|
)
|
(165,653
|
)
|
|
Additional paid in capital
|
|
427,443,700
|
|
437,964,776
|
|
70,453,120
|
|
|
Accumulated other comprehensive loss
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|
(26,379,146
|
)
|
(27,145,929
|
)
|
(4,366,825
|
)
|
|
Accumulated deficit
|
|
(28,648,538
|
)
|
(1,372,103
|
)
|
(220,722
|
)
|
|
Total shareholders’ equity
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|
375,547,719
|
|
411,891,872
|
|
66,258,908
|
|
|
Total liabilities and shareholders’ equity
|
|
376,625,468
|
|
413,024,697
|
|
66,441,139
|
|
Condensed Statements ofComprehensive Income
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Year Ended March 31,
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2012
|
|
2013
|
|
2014
|
|
2014
|
|
|
|
|
RMB
|
|
RMB
|
|
RMB
|
|
USD
|
|
|
|
|
|
|
|
|
|
|
|
|
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Operating expenses
|
|
(7,487,523
|
)
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(7,567,474
|
)
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(5,415,249
|
)
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(871,124
|
)
|
|
Investment income
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|
60,175,402
|
|
30,685,632
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|
32,612,787
|
|
5,246,250
|
|
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Interest income
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377,333
|
|
112,656
|
|
40,889
|
|
6,578
|
|
|
Foreign currency exchange gains (losses), net
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|
2,776,258
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(22,824
|
)
|
38,008
|
|
6,113
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|
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Earnings before income taxes
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|
55,841,470
|
|
23,207,990
|
|
27,276,435
|
|
4,387,817
|
|
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Income tax expense
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—
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—
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—
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—
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Net income
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55,841,470
|
|
23,207,990
|
|
27,276,435
|
|
4,387,817
|
|
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Foreign currency translation adjustment, net of nil income taxes
|
|
(3,787,210
|
)
|
(374,747
|
)
|
(766,783
|
)
|
(123,348
|
)
|
|
Comprehensive income
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|
52,054,260
|
|
22,833,243
|
|
26,509,652
|
|
4,264,469
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|
Condensed Statements of Cash Flows
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|
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Year Ended March 31,
|
|
|
|
|
2012
|
|
2013
|
|
2014
|
|
2014
|
|
|
|
|
RMB
|
|
RMB
|
|
RMB
|
|
USD
|
|
|
Net cash used in operating activities
|
|
(4,529,639
|
)
|
(6,675,424
|
)
|
(4,994,557
|
)
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(803,449
|
)
|
|
Cash flows from investing activities :
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|
|
|
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|
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Collection from (payment to) subsidiaries
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1,140,127
|
|
26,836,132
|
|
(6,911,210
|
)
|
(1,111,770
|
)
|
|
Payment for XingWei acquisition
|
|
—
|
|
—
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|
(19,612,120
|
)
|
(3,154,900
|
)
|
|
Net cash provided by investing activities
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|
1,140,127
|
|
26,836,132
|
|
(26,523,330
|
)
|
(4,266,670
|
)
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|
|
|
|
|
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|
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Cash flows from financing activities :
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|
|
|
|
|
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|
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Proceeds from exercise of share options
|
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631,844
|
|
—
|
|
—
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|
—
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|
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Cash paid for employee individual income tax of net-settlement of vested shares
|
|
—
|
|
(913,453
|
)
|
—
|
|
—
|
|
|
Cash paid for repurchase of common shares
|
|
—
|
|
(329,357
|
)
|
(132,528
|
)
|
(21,319
|
)
|
|
Collection of receivable from shareholders
|
|
1,035,796
|
|
—
|
|
—
|
|
—
|
|
|
Special cash dividend
|
|
(63,634,726
|
)
|
(25,331,341
|
)
|
—
|
|
—
|
|
|
Net cash used in financing activities
|
|
(61,967,086
|
)
|
(26,574,151
|
)
|
(132,528
|
)
|
(21,319
|
)
|
|
|
|
|
|
|
|
|
|
|
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Effect of foreign exchange rate changes on cash
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(2,929,270
|
)
|
(374,747
|
)
|
(766,783
|
)
|
(123,348
|
)
|
|
Net decrease in cash
|
|
(68,285,868
|
)
|
(6,788,190
|
)
|
(32,417,198
|
)
|
(5,214,786
|
)
|
|
Cash at beginning of year
|
|
116,818,694
|
|
48,532,826
|
|
41,744,636
|
|
6,715,243
|
|
|
Cash at end of year
|
|
48,532,826
|
|
41,744,636
|
|
9,327,438
|
|
1,500,457
|
|
|