OPERATING LEASES

12 Months Ended

Mar. 31, 2015

(17)OPERATING LEASES

The Group leased one floor of its building on March 1, 2014. The operating lease term is six years and will expire on February 29, 2020.

Minimum rental income under operating lease is recognized on a straight-line basis over the term of the lease, including any periods of free rent.

Property on Operating Lease

	March 31, 2014		March 31, 2015
	RMB		RMB
Building	26,251,157		26,251,157
Less: Accumulated depreciation	(4,156,433	)	(5,038,472	)

	22,094,724		21,212,685

Rentals under Operating Lease

Future minimum rentals under non-cancelable operating lease as of March 31, 2015 are:

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