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, 2016
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,

 

 

 

2015

 

2016

 

 

 

RMB

 

RMB

 

Business tax, value-added tax and other taxes payable

 

4,377,930 

 

3,851,923 

 

Accrued payroll and welfare

 

13,748,579 

 

14,524,290 

 

Accrued test monitoring fees

 

12,235,005 

 

14,702,303 

 

Royalty fees payable

 

1,409,520 

 

532,185 

 

Income taxes payable

 

3,676,704 

 

3,044,352 

 

Other current liabilities

 

18,967,687 

 

21,084,574 

 

 

 

 

 

 

 

Total accrued expenses and other payables

 

54,415,425 

 

57,739,627 

 

 

 

 

 

 

 

 

Other current liabilities as of March 31, 2015 and 2016 mainly include accrued traveling expenses, rental expenses, meeting expense and other operating expenses.