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NON-CONTROLLING INTEREST

6 Months Ended

Dec. 31, 2019

NON-CONTROLLING INTEREST

NON-CONTROLLING INTEREST

NOTE 23. NON-CONTROLLING INTEREST

Non-controlling interest consisted of the following:

		As of June 30, 2019
					Nanjing			Gan Su			Qinghai
		BHD			Recon			BHD			BHD			Total			Total
		RMB			RMB			RMB			RMB			RMB			U.S. Dollars
Paid-in capital		¥	1,651,000		¥	200,000		¥	4,350,000		¥	—		¥	6,201,000		$	903,040
Unappropriated retained earnings			3,477,493			3,616,002			(1,351,699)			(826,664)			4,915,132			715,783
Accumulated other comprehensive loss			(18,850)			(11,853)			—			—			(30,703)			(4,471)
Total non-controlling interests		¥	5,109,643		¥	3,804,149		¥	2,998,301		¥	(826,664)		¥	11,085,429		$	1,614,352

		As of December 31, 2019
					Nanjing			Gan Su			Qinghai
		BHD			Recon			BHD			BHD			Total			Total
		RMB			RMB			RMB			RMB			RMB			U.S. Dollars
Paid-in capital		¥	1,651,000		¥	200,000		¥	4,755,000		¥	—		¥	6,606,000		$	948,049
Unappropriated retained earnings			3,477,493			3,976,112			(2,001,743)			(872,980)			4,578,882			657,130
Accumulated other comprehensive loss			(18,850)			(11,853)			—			—			(30,703)			(4,406)
Total non-controlling interests		¥	5,109,643		¥	4,164,259		¥	2,753,257		¥	(872,980)		¥	11,154,179		$	1,600,773

The Company received capital contribution from non-controlling shareholders of Gan Su BHD amounted to ¥500,000 and ¥450,000 ($58,123) during the six months ended December 31, 2018 and 2019, respectively. The Company returned ¥200,000 paid in capital back to one of the individual shareholders of Qing Hai BHD during the six months ended December 31, 2018.

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- Definition

The entire disclosure for noncontrolling interest in consolidated subsidiaries, which could include the name of the subsidiary, the ownership percentage held by the parent, the ownership percentage held by the noncontrolling owners, the amount of the noncontrolling interest, the location of this amount on the balance sheet (when not reported separately), an explanation of the increase or decrease in the amount of the noncontrolling interest, the noncontrolling interest share of the net Income or Loss of the subsidiary, the location of this amount on the income statement (when not reported separately), the nature of the noncontrolling interest such as background information and terms, the amount of the noncontrolling interest represented by preferred stock, a description of the preferred stock, and the dividend requirements of the preferred stock.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 810
-URI http://asc.fasb.org/topic&trid=2197479

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- References

No definition available.

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