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

GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)

GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)

12 Months Ended

Mar. 31, 2014

GOODWILL AND OTHER INTANGIBLE ASSETS

Schedule of change in the carrying amount of goodwill

		RMB

Balance as of April 1, 2013		23,422,850
Acquisition of Xing Wei Group (Note 18)		7,589,052
Balance as of March 31, 2014		31,011,902

Summary of company's intangible assets

	March 31, 2013
					Weighted
	Gross			Net	Average
	carrying	Accumulated		carrying	Amortization
	amount	amortization		amount	Period
	RMB	RMB		RMB	Years
ETS TOEIC license	24,126,706	(9,901,334	)	14,225,372	10
Customer relationships	1,300,000	(442,498	)	857,502	12
Total intangible assets	25,426,706	(10,343,832	)	15,082,874

	March 31, 2014
							Weighted
	Gross	Accumulated				Net	Average
	carrying	amortization				carrying	Amortization
	amount	/deduction		Impairment		amount	Period
	RMB	RMB		RMB		RMB	Years
ETS TOEIC license	24,126,706	(12,117,249	)	(12,009,457	)	—	10
Customer relationships	1,300,000	(550,833	)	—		749,167	12
Training platform	422,700	(35,225	)	—		387,475	5
Contracts in progress (i)	1,225,380	(569,087	)	—		656,293	—
Total intangible assets	27,074,786	(13,272,394	)	(12,009,457	)	1,792,935

(i) Contracts in progress of RMB 569,087 recognized at the acquisition date were subsequently deducted from billing of RMB 735,000 upon completion of certain contracts as of March 31, 2014. The balance of RMB 656,293 will be deducted from the billing of RMB 1,911,000 upon completion of the remaining contracts.

Schedule of estimated amortization expense

As of March 31, 2014, the estimated amortization expense for the next five years is as follows:

		March 31
		RMB
2015		192,873
2016		192,873
2017		192,873
2018		192,873
2019		157,648