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

PROPERTY AND EQUIPMENT, NET

v3.7.0.1
PROPERTY AND EQUIPMENT, NET
12 Months Ended
Mar. 31, 2017
PROPERTY AND EQUIPMENT, NET  
PROPERTY AND EQUIPMENT, NET

(7)PROPERTY AND EQUIPMENT, NET

 

Property and equipment, net consist of the following:

 

 

 

March 31,

 

 

 

2016

 

2017

 

 

 

RMB

 

RMB

 

 

 

 

 

 

 

Building

 

53,049,213

 

53,049,213

 

Computer equipment

 

27,972,606

 

28,964,985

 

Furniture, fixtures and office equipment

 

2,358,500

 

2,471,985

 

Software

 

15,833,639

 

15,994,016

 

Motor vehicles

 

2,401,570

 

2,767,358

 

Leasehold improvements

 

16,118,799

 

16,412,286

 

 

 

 

 

 

 

 

 

117,734,327

 

119,659,843

 

Less: accumulated depreciation and amortization

 

(60,504,600

)

(67,790,929

)

 

 

 

 

 

 

Property and equipment, net

 

57,229,727

 

51,868,914

 

 

 

 

 

 

 

 

Total depreciation expense recognized for the years ended March 31, 2015, 2016 and 2017 is allocated to the following expense items:

 

 

 

Year Ended March 31,

 

 

 

2015

 

2016

 

2017

 

 

 

RMB

 

RMB

 

RMB

 

 

 

 

 

 

 

 

 

Cost of revenues

 

2,218,458

 

2,923,170

 

3,283,130

 

Research and development

 

199,886

 

879,228

 

1,064,370

 

Sales and marketing

 

464,404

 

514,458

 

601,509

 

General and administrative

 

4,162,029

 

4,101,778

 

3,743,084

 

 

 

 

 

 

 

 

 

Total depreciation expense

 

7,044,777

 

8,418,634

 

8,692,093