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

OPERATING LEASES

v3.8.0.1
OPERATING LEASES
9 Months Ended
Dec. 31, 2017
OPERATING LEASES  
OPERATING LEASES

 

(21)    OPERATING LEASES

 

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, 2017

 

December 31, 2017

 

 

 

RMB

 

RMB

 

Building

 

53,049,213

 

53,049,213

 

Less: Accumulated depreciation

 

(13,812,837

)

(15,149,677

)

 

 

 

 

 

 

 

 

39,236,376

 

37,899,536

 

 

 

 

 

 

 

 

Rentals under Operating Lease

 

Future minimum rental income under non-cancelable operating lease as of December 31, 2017 are:

 

 

 

Minimum

 

 

 

Rentals Amount

 

 

 

RMB

 

Year ended December 31:

 

 

 

2018

 

5,923,779

 

2019

 

6,186,422

 

2020

 

2,066,707

 

2021

 

 

2022

 

 

 

 

 

 

 

 

14,176,908