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

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Mar. 31, 2015

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Schedule of test monitoring costs and royalty fees

	Year Ended March 31,
	2013	2014	2015
	RMB	RMB	RMB

Test monitoring costs	129,127,028	124,427,159	113,042,449
Royalty fees	15,594,990	14,850,125	4,991,524

Schedule of useful lives of property and equipment

Building		30 years
Computer equipment		3 to 5 years
Furniture, fixtures and office equipment		5 years
Software		3 to 5 years
Motor vehicles		5 years
Leasehold improvements		the lease terms

Schedule of allocation of recognized employee benefit expenses

	Year Ended March 31,
	2013	2014	2015
	RMB	RMB	RMB
Cost of revenues	4,898,098	5,375,566	5,597,846
Research and development	4,214,374	4,960,632	5,563,607
Sales and marketing	5,269,923	3,511,656	4,045,878
General and administrative	2,608,307	2,568,027	2,870,561

Total expense due to employee benefit plans	16,990,702	16,415,881	18,077,892

Schedule of assets and liabilities and the net revenue and net income (loss) and cash flows of ATA Online

	March 31,
	2014	2015
	RMB	RMB

Cash	33,698,280	18,397,974
Accounts receivable, net	19,564,392	23,145,899
Prepayment and other current assets	1,455,916	5,228,560
Amounts due from related parties	3,815,811	25,159

Total current assets	58,534,399	46,797,592
Equity method investments	—	35,729,848
Property and equipment, net	894,182	562,021
Other assets	—	8,171,895

Total assets	59,428,581	91,261,356


Accrued expenses and other payables	14,280,824	15,011,489
Amounts due to related parties	9,708,450	19,436,997
Deferred revenue	1,308,993	731,490

Total current liabilities and total liabilities	25,298,267	35,179,976

	Year ended March 31,
	2013		2014	2015
	RMB		RMB	RMB

Net revenue	24,960,260		100,204,186	154,454,044
Net income (loss)	(10,495,582	)	13,224,130	21,951,065

	Year ended March 31,
	2013		2014		2015
	RMB		RMB		RMB
Net cash provided by (used in) operating activities	(13,227,174	)	21,829,320		22,655,696
Net cash used in investing activities	(1,128,140	)	(249,904	)	(37,956,001	)
Net cash used in financing activities	—		—		—

- Definition

Tabular disclosure of the significant judgments and assumptions made in determining whether a variable interest (as defined) held by the entity requires the variable interest entity (VIE) (as defined) to be consolidated and (or) disclose information about its involvement with the VIE, individually or in aggregate (as applicable); the nature of restrictions, if any, on the consolidated VIE's assets and on the settlement of its liabilities reported by an entity in its statement of financial position, including the carrying amounts of such assets and liabilities; the nature of, and changes in, the risks associated with involvement in the VIE; how involvement with the VIE affects the entity's financial position, financial performance, and cash flows; the lack of recourse if creditors (or beneficial interest holders) of the consolidated VIE have no recourse to the general credit of the primary beneficiary (if applicable); the terms of arrangements, giving consideration to both explicit arrangements and implicit variable interests, if any, that could require the entity to provide financial support to the VIE, including events or circumstances that could expose the entity to a loss; the methodology used by the entity for determining whether or not it is the primary beneficiary of the variable interest entity; the significant factors considered and judgments made in determining that the power to direct the activities of a VIE that most significantly impact the VIE's economic performance are shared (as defined); the carrying amounts and classification of assets and liabilities of the VIE included in the statement of financial position; the entity's maximum exposure to loss, if any, as a result of its involvement with the VIE, including how the maximum exposure is determined and significant sources of the entity's exposure to the VIE; a comparison of the carrying amounts of the assets and liabilities and the entity's maximum exposure to loss; information about any liquidity arrangements, guarantees, and (or) other commitments by third parties that may affect the fair value or risk of the entity's variable interest in the VIE; whether or not the entity has provided financial support or other support (explicitly or implicitly) to the VIE that it was not previously contractually required to provide or whether the entity intends to provide that support, including the type and amount of the support and the primary reasons for providing the support; and supplemental information the entity determines necessary to provide.

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