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

GOODWILL AND INTANGIBLE ASSETS, NET (Tables)

v3.19.1
GOODWILL AND INTANGIBLE ASSETS, NET (Tables)
12 Months Ended
Dec. 31, 2018
GOODWILL AND INTANGIBLE ASSETS, NET  
Schedule of change in the carrying amount of goodwill

 

 

 

 

 

    

RMB

Balance as of March 31, 2017

 

32,523,983

Less: Disposal of Puhua Technology

 

(1,512,081)

Add: Acquisition of Qihuang Huizhi

 

997,123

Balance as of December 31, 2017

 

32,009,025

Less: Disposal of discontinued operations (Note 21)

 

(32,009,025)

Balance as of December 31, 2018

 

 —

 

Summary of Company's intangible assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2017

 

    

 

    

 

    

 

    

 

    

Weighted

 

 

Gross

 

Accumulated

 

 

 

Net

 

average

 

 

carrying

 

amortization

 

 

 

carrying

 

amortization

 

 

amount

 

/deduction

 

Impairment

 

amount

 

period

 

 

RMB

 

RMB

 

RMB

 

RMB

 

Years

Education assessment caseware (i)

 

6,707,547

 

(961,982)

 

 —

 

5,745,565

 

 5

Total intangible assets

 

6,707,547

 

(961,982)

 

 —

 

5,745,565

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2018

 

    

 

    

 

    

 

    

 

    

Weighted

 

 

Gross

 

Accumulated

 

 

 

Net

 

average

 

 

carrying

 

amortization

 

 

 

carrying

 

amortization

 

 

amount

 

/deduction

 

Impairment

 

amount

 

period

 

 

RMB

 

RMB

 

RMB

 

RMB

 

Years

Education assessment caseware (i)

 

9,251,887

 

(2,430,708)

 

 —

 

6,821,179

 

 5

Software platform of Project Shuang Chuang (ii)

 

10,844,339

 

(542,940)

 

 —

 

10,301,399

 

 5

Total intangible assets

 

20,096,226

 

(2,973,648)

 

 —

 

17,122,578

 

 

 

(i) 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.

 

(ii) Database Platform of Nanjing University Project Shuang Chuang in providing vocational assessment and training services that focuses on the innovation related competencies of college students.

 

Schedule of estimated amortization expense

 

 

 

 

 

    

December 31

 

 

RMB

2019

 

4,023,583

2020

 

4,023,583

2021

 

4,023,583

2022

 

3,061,602

2023

 

1,990,227