ATA INC. ("Parent Company") |
(17) ATA INC. (“Parent Company”)
The following presents condensed financial information of the Parent Company only.
Condensed Balance Sheets
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March 31,
|
|
|
|
2012
|
|
2013
|
|
2013
|
|
|
|
RMB
|
|
RMB
|
|
USD
|
|
Cash
|
|
48,532,826
|
|
41,744,636
|
|
6,721,298
|
|
Prepaid expenses and other current assets
|
|
840,201
|
|
464,873
|
|
74,849
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|
Investments in subsidiaries
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317,670,591
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|
334,415,959
|
|
53,844,265
|
|
Total assets
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367,043,618
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376,625,468
|
|
60,640,412
|
|
|
|
|
|
|
|
|
|
Accrued expenses and other current liabilities
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629,047
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|
1,077,749
|
|
173,528
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|
Total liabilities
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629,047
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|
1,077,749
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173,528
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|
|
|
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Common shares
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3,442,803
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3,461,060
|
|
557,265
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Treasury shares
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—
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(329,357
|
)
|
(53,030
|
)
|
Additional paid in capital
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440,832,695
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|
427,443,700
|
|
68,822,648
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|
Accumulated other comprehensive loss
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(26,004,399
|
)
|
(26,379,146
|
)
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(4,247,302
|
)
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Accumulated deficit
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(51,856,528
|
)
|
(28,648,538
|
)
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(4,612,697
|
)
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Total shareholders’ equity
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|
366,414,571
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|
375,547,719
|
|
60,466,884
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|
Total liabilities and shareholders’ equity
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|
367,043,618
|
|
376,625,468
|
|
60,640,412
|
|
Condensed Statements ofComprehensive Income
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Year Ended March 31,
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2011
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2012
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2013
|
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2013
|
|
|
|
RMB
|
|
RMB
|
|
RMB
|
|
USD
|
|
|
|
|
|
|
|
|
|
|
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Operating expenses
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(8,754,744
|
)
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(7,487,523
|
)
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(7,567,474
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)
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(1,218,437
|
)
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Investment income
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27,535,955
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60,175,402
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|
30,685,632
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|
4,940,689
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Interest income
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97,045
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|
377,333
|
|
112,656
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|
18,139
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|
Foreign currency exchange gains (losses), net
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875,760
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2,776,258
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|
(22,824
|
)
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(3,675
|
)
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Earnings before income taxes
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19,754,016
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55,841,470
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23,207,990
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3,736,716
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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
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19,754,016
|
|
55,841,470
|
|
23,207,990
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|
3,736,716
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Foreign currency translation adjustment, net of nil income taxes
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|
(5,817,855
|
)
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(3,787,210
|
)
|
(374,747
|
)
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(60,338
|
)
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Comprehensive income
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13,936,161
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|
52,054,260
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|
22,833,243
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|
3,676,378
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Condensed Statements of Cash Flows
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Year Ended March 31,
|
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|
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2011
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2012
|
|
2013
|
|
2013
|
|
|
|
RMB
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|
RMB
|
|
RMB
|
|
USD
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|
Net cash used in operating activities
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(8,122,776
|
)
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(4,529,639
|
)
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(6,675,424
|
)
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(1,074,809
|
)
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Cash flows from investing activities :
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Collection from (advances to) subsidiaries
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(5,139
|
)
|
1,140,127
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26,836,132
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|
4,320,882
|
|
Net cash provided by (used in) investing activities
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(5,139
|
)
|
1,140,127
|
|
26,836,132
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|
4,320,882
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|
|
|
|
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|
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Cash flows from financing activities :
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Proceeds from exercise of share options
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—
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631,844
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—
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—
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Cash paid for employee individual income tax of net-settlement of vested shares
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|
—
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|
—
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|
(913,453
|
)
|
(147,075
|
)
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Cash paid for repurchase of common shares
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|
—
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|
—
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(329,357
|
)
|
(53,030
|
)
|
Collection of receivable from shareholders
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—
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|
1,035,796
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|
—
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|
—
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Special cash dividend
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|
—
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|
(63,634,726
|
)
|
(25,331,341
|
)
|
(4,078,595
|
)
|
Net cash used in financing activities
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|
—
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|
(61,967,086
|
)
|
(26,574,151
|
)
|
(4,278,700
|
)
|
|
|
|
|
|
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|
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Effect of foreign exchange rate changes on cash
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|
(4,039,042
|
)
|
(2,929,270
|
)
|
(374,747
|
)
|
(60,338
|
)
|
Net decrease in cash
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|
(12,166,957
|
)
|
(68,285,868
|
)
|
(6,788,190
|
)
|
(1,092,965
|
)
|
Cash at beginning of year
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|
128,985,651
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|
116,818,694
|
|
48,532,826
|
|
7,814,263
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|
Cash at end of year
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116,818,694
|
|
48,532,826
|
|
41,744,636
|
|
6,721,298
|
|
|
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Supplemental disclosures of cash flow information :
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Non-cash investing and financing activities:
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Receivable from shareholders for exercise of common share options
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|
1,035,796
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|
—
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—
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—
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