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, 2015
ACCRUED EXPENSES AND OTHER PAYABLES  
ACCRUED EXPENSES AND OTHER PAYABLES

(8)ACCRUED EXPENSES AND OTHER PAYABLES

 

Accrued expenses and other payables consist of the following:

 

 

 

March 31,

 

 

 

2014

 

2015

 

 

 

RMB

 

RMB

 

Business tax, value-added tax and other taxes payable

 
8,556,910 

 
4,377,930 

 

Accrued payroll and welfare

 
19,379,016 

 
13,748,579 

 

Accrued test monitoring fees

 
14,183,667 

 
12,235,005 

 

Accrued certificates costs

 
2,702,086 

 
3,982,958 

 

Royalty fees payable

 
2,622,744 

 
1,409,520 

 

Income taxes payable

 
7,488,629 

 
3,676,704 

 

Other current liabilities

 
13,833,091 

 
14,984,729 

 

 

 

 

 

 

 

Total accrued expenses and other payables

 
68,766,143 

 
54,415,425 

 

 

 

 

 

 

 

 

Other current liabilities as of March 31, 2014 and 2015 mainly include accrued traveling expenses, rental expenses, meeting expense and other operating expenses, none of which individually exceed 5% of total accrued expenses and other payables.