| ATA INC. ("Parent Company") |
(25) ATA INC. (“Parent Company”)
The following presents condensed financial information of the Parent Company only.
Condensed Balance Sheets
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March 31,2017
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December 31, 2017
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December 31, 2017
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RMB
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|
RMB
|
|
USD
|
|
|
Cash and cash equivalents
|
|
505,082
|
|
1,807,629
|
|
277,827
|
|
|
Prepaid expenses and other current assets
|
|
210,100
|
|
2,955
|
|
455
|
|
|
Investments in subsidiaries
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392,224,481
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374,906,204
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57,622,028
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Total assets
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392,939,663
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376,716,788
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57,900,310
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Accrued expenses and other current liabilities
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1,562,363
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11,987,350
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1,842,422
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Total liabilities
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1,562,363
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11,987,350
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1,842,422
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Common shares
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3,533,912
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3,534,871
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|
543,300
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|
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Treasury shares
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|
(27,737,073
|
)
|
(27,737,073
|
)
|
(4,263,110
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)
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|
Additional paid in capital
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402,631,430
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|
389,897,690
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|
59,926,178
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|
|
Accumulated other comprehensive loss
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|
(25,069,771
|
)
|
(26,850,955
|
)
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(4,126,917
|
)
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|
Retained earnings
|
|
38,018,802
|
|
25,884,905
|
|
3,978,437
|
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Total shareholders’ equity
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391,377,300
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364,729,438
|
|
56,057,888
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Total liabilities and shareholders’ equity
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392,939,663
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376,716,788
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57,900,310
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Condensed Statements of Comprehensive Income (Loss)
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Twelve months ended March 31,
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Nine months ended December 31,
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2016
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2017
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2017
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2017
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RMB
|
|
RMB
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|
RMB
|
|
USD
|
|
|
|
|
|
|
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Operating expenses
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(4,292,082)
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(3,818,608)
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(14,273,099)
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(2,193,734)
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Investment income (loss)
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30,476,370
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(6,587,058)
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40,802,611
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6,271,246
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Interest expense
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—
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(75,918)
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(52,074)
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(8,004)
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Interest income
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79,847
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|
568,503
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15,394
|
|
2,366
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|
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Foreign currency exchange gains (losses), net
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(212,948)
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197,079
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(607,927)
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(93,437)
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Earnings before income taxes
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26,051,187
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(9,716,002)
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25,884,905
|
|
3,978,437
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Income tax expense
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—
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—
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—
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—
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Net income (loss)
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26,051,187
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|
(9,716,002)
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25,884,905
|
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3,978,437
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|
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Other comprehensive income (loss)
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2,002,553
|
|
104,358
|
|
(1,781,184)
|
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(273,763)
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Comprehensive income (loss)
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28,053,740
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|
(9,611,644)
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24,103,721
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3,704,674
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|
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Condensed Statements of Cash Flows
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Twelve months ended March 31,
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Nine months ended December 31,
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|
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2016
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2017
|
|
2017
|
|
2017
|
|
|
|
|
RMB
|
|
RMB
|
|
RMB
|
|
USD
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|
|
Net cash used in operating activities
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|
(3,150,707
|
)
|
(2,858,989
|
)
|
(5,003,772
|
)
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(769,067
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)
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Cash flows from investing activities :
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Collection from subsidiaries
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17,406,546
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|
400,783
|
|
(9,274,288
|
)
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(1,425,432
|
)
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|
Dividend received from PRC subsidiaries
|
|
—
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|
—
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|
82,452,704
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|
12,672,749
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Net cash provided by investing activities
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17,406,546
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|
400,783
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73,178,416
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11,247,317
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Cash flows from financing activities :
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Cash paid for repurchase of common shares
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|
(19,536,028
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)
|
—
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—
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—
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Special cash dividend
|
|
—
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|
—
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|
(65,698,571
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)
|
(10,097,685
|
)
|
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Net cash used in financing activities
|
|
(19,536,028
|
)
|
—
|
|
(65,698,571
|
)
|
(10,097,685
|
)
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Effect of foreign exchange rate changes on cash
|
|
7,443
|
|
31,935
|
|
(1,173,526
|
)
|
(180,368
|
)
|
|
Net increase (decrease) in cash
|
|
(5,272,746
|
)
|
(2,426,271
|
)
|
1,302,547
|
|
200,197
|
|
|
Cash at beginning of period
|
|
8,204,099
|
|
2,931,353
|
|
505,082
|
|
77,630
|
|
|
|
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Cash at end of period
|
|
2,931,353
|
|
505,082
|
|
1,807,629
|
|
277,827
|
|
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