Schedule of change in the carrying amount of goodwill |
|
|
RMB
|
|
|
|
|
|
Balance as of April 1, 2016
|
|
31,011,902
|
|
Acquisition of Puhua Technology (Note 23)
|
|
1,512,081
|
|
Balance as of March 31, 2017
|
|
32,523,983
|
|
Disposal of Puhua Technology
|
|
(1,512,081
|
)
|
Acquisition of Qihuang Huizhi (Note 23)
|
|
997,123
|
|
|
|
|
|
Balance as of December 31, 2017
|
|
32,009,025
|
|
|
|
|
|
|
Summary of Company's intangible assets |
|
|
March 31, 2017
|
|
|
|
|
|
|
|
|
|
|
|
Weighted
|
|
|
|
Gross
|
|
Accumulated
|
|
|
|
Net
|
|
average
|
|
|
|
carrying
|
|
amortization
|
|
|
|
carrying
|
|
amortization
|
|
|
|
amount
|
|
/deduction
|
|
Impairment
|
|
amount
|
|
period
|
|
|
|
RMB
|
|
RMB
|
|
RMB
|
|
RMB
|
|
Years
|
|
Customer relationships
|
|
1,300,000
|
|
(875,832
|
)
|
—
|
|
424,168
|
|
12
|
|
Training platform
|
|
422,700
|
|
(288,845
|
)
|
—
|
|
133,855
|
|
5
|
|
Royalty arrangement (i)
|
|
8,000,000
|
|
(1,200,000
|
)
|
—
|
|
6,800,000
|
|
5
|
|
Education assessment test caseware (ii)
|
|
4,177,358
|
|
(208,868
|
)
|
—
|
|
3,968,490
|
|
5
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total intangible assets
|
|
13,900,058
|
|
(2,573,545
|
)
|
—
|
|
11,326,513
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31, 2017
|
|
|
|
|
|
|
|
|
|
|
|
Weighted
|
|
|
|
Gross
|
|
Accumulated
|
|
|
|
Net
|
|
average
|
|
|
|
carrying
|
|
amortization
|
|
|
|
carrying
|
|
amortization
|
|
|
|
amount
|
|
/deduction
|
|
Impairment
|
|
amount
|
|
period
|
|
|
|
RMB
|
|
RMB
|
|
RMB
|
|
RMB
|
|
Years
|
|
Customer relationships
|
|
1,300,000
|
|
(957,082
|
)
|
—
|
|
342,918
|
|
12
|
|
Training platform
|
|
422,700
|
|
(352,250
|
)
|
—
|
|
70,450
|
|
5
|
|
Royalty arrangement (i)
|
|
8,000,000
|
|
(2,400,000
|
)
|
—
|
|
5,600,000
|
|
5
|
|
Education assessment test caseware (ii)
|
|
6,707,547
|
|
(961,982
|
)
|
—
|
|
5,745,565
|
|
5
|
|
ACT license (iii)
|
|
14,919,647
|
|
(994,643
|
)
|
—
|
|
13,925,004
|
|
5
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total intangible assets
|
|
31,349,894
|
|
(5,665,957
|
)
|
—
|
|
25,683,937
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(i) Royalty arrangement represents the exclusive right the Group authorized to launch the online education services for professionals who have obtained their qualification certificates with China Banking Association for five years.
(ii) Education assessment test caseware is the test content purchased for the Company’s strategic K-12 academic assessment business, which includes three subjects of Literature, Mathematics and English over six grades of junior and senior high school.
(iii) ACT license represents the exclusive right the Group was authorized by ACT to provide a variety of ACT test preparation measures to students in China for five years.
|