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

DISCONTINUED OPERATIONS (Tables)

v3.19.1
DISCONTINUED OPERATIONS (Tables)
12 Months Ended
Dec. 31, 2018
DISCONTINUED OPERATIONS  
Schedule of financial information of discontinued operations

 

The major classes of line items constituting operating results of discontinued operations included in the Company’s consolidated statements of comprehensive income (loss) were as follows for the year ended March 31, 2017, nine months ended December 31, 2017 and the year ended December 31, 2018.

 

 

 

 

 

 

 

 

 

 

Twelve months ended

 

Nine months ended

 

Twelve months ended

 

 

March 31

 

December 31

 

December 31

 

    

2017

    

2017

    

2018

 

 

RMB

 

RMB

 

RMB

Net revenues

 

463,554,326

 

484,873,277

 

194,939,146

Cost of revenues

 

235,445,230

 

255,263,889

 

116,432,436

Operating expenses

 

99,797,557

 

101,413,368

 

104,587,110

Other income (loss)

 

(41,461,167)

 

3,962,257

 

6,929,814

Income (loss) from operations of discontinued operations, before income taxes

 

86,850,372

 

132,158,277

 

(19,150,586)

Income tax expense (benefit)

 

37,079,180

 

31,517,344

 

(199,617)

Income (loss) from operations of discontinued operations, net of income taxes

 

49,771,192

 

100,640,933

 

(18,950,969)

Gain from disposal of discontinued operations, net of income taxes

 

 —

 

 —

 

937,605,948

Income from discontinued operations, net of income taxes

 

49,771,192

 

100,640,933

 

918,654,979

Net loss attributable to non-redeemable non-controlling interests from discontinued operations

 

(253,405)

 

(352,101)

 

(10,608)

Net Income from discontinued operations attributable to ATA Inc.

 

50,024,597

 

100,993,034

 

918,665,587

 

The major classes of line items constituting assets and liabilities of discontinued operations were as follows as of December 31, 2017.

 

 

 

 

 

    

December 31, 2017

 

 

RMB

ASSETS

 

 

Cash and cash equivalents

 

202,612,448

Accounts receivable, net

 

100,052,120

Total current assets

 

310,014,014

Total assets

 

389,565,182

 

 

 

LIABILITIES AND SHAREHOLDERS’ EQUITY

 

  

Accrued expenses and other payables

 

54,096,372

Total current liabilities

 

111,721,090

Total liabilities

 

137,019,657

 

The condensed cash flows of the discontinued operations were as follows for the year ended March 31, 2017, nine months ended December 31, 2017, and the year ended December 31, 2018.

 

 

 

 

 

 

 

 

 

 

Twelve months ended

 

Nine months ended

 

Twelve months ended

 

 

March 31

 

December 31

 

December 31

 

    

2017

    

2017

    

2018

 

 

RMB

 

RMB

 

RMB

Net cash provided by (used in) operating activities

 

80,794,278

 

133,225,150

 

(25,108,520)

Net cash used in investing activities

 

(14,060,170)

 

(22,052,885)

 

(8,666,299)

Net cash used in financing activities

 

 —

 

(93,811,830)

 

(21,098,633)