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

ACCOUNTS RECEIVABLE, NET

v2.4.0.6
ACCOUNTS RECEIVABLE, NET
 12 Months Ended
Mar. 31, 2013
ACCOUNTS RECEIVABLE, NET  
ACCOUNTS RECEIVABLE, NET

(3)         ACCOUNTS RECEIVABLE, NET

 

Accounts receivable, net is summarized as follows:

 

 

 

March 31,

 

 

 

2012

 

2013

 

 

 

RMB

 

RMB

 

Accounts receivable

 

111,944,576

 

86,119,787

 

Less: allowance for doubtful accounts

 

(30,100,005

)

(35,005,069

)

Accounts receivable, net

 

81,844,571

 

51,114,718

 

 

Management performs ongoing credit evaluations of its customers’ financial condition and generally does not require collateral on accounts receivable.

 

The activity in the allowance for doubtful accounts for accounts receivable for the years ended March 31, 2011, 2012 and 2013 is as follows:

 

 

 

Year Ended March 31,

 

 

 

2011

 

2012

 

2013

 

 

 

RMB

 

RMB

 

RMB

 

Beginning allowance for doubtful accounts

 

29,934,512

 

27,938,198

 

30,100,005

 

Additions charged to bad debt expense

 

2,235,627

 

2,350,990

 

9,140,062

 

Write-off of accounts receivable

 

(4,231,941

)

(189,183

)

(4,234,998

)

Ending allowance for doubtful accounts

 

27,938,198

 

30,100,005

 

35,005,069