XML 78 R46.htm IDEA: XBRL DOCUMENT v3.20.1
LEASES (Tables)
6 Months Ended
Dec. 31, 2019
LEASES  
Summary of operating lease related assets and liabilities recorded on the balance sheets

The table below presents the operating lease related assets and liabilities recorded on the balance sheets.

 

 

 

 

 

 

 

 

 

December 31, 2019

 

    

RMB

    

U.S. Dollars

Rights of use lease assets

 

¥

532,491

 

$

76,420

 

 

 

 

 

 

 

Operating lease liabilities – current

 

 

640,491

 

 

91,919

Operating lease liabilities – non-current

 

 

 —

 

 

 —

Total operating lease liabilities

 

¥

640,491

 

$

91,919

 

Summary of weighted average remaining lease terms and discount rates for all of operating leases

The weighted average remaining lease terms and discount rates for all of operating leases were as follows as of December 31, 2019:

 

 

 

 

 

    

December 31,

 

 

 

2019

 

Remaining lease term and discount rate:

 

  

 

Weighted average remaining lease term (years)

 

0.42

 

Weighted average discount rate

 

 5

%

 

Summary of maturities of lease liabilities

The following is a schedule, by years, of maturities of lease liabilities as of December 31, 2019:

 

 

 

 

 

 

 

 

 

December 31, 2019

 

 

RMB

 

U.S. Dollars

2020

 

¥

646,000

    

$

92,710

Total lease payments

 

 

646,000

 

 

92,710

Less: imputed interest

 

 

(5,509)

 

 

(791)

Present value of lease liabilities

 

¥

640,491

 

$

91,919