v3.5.0.1

OPERATING LEASES | 12 Months Ended
--- | ---
Mar. 31, 2016
OPERATING LEASES |
OPERATING LEASES | (1 8)OPERATING LEASES Minimum ren tal income under operating lease is recognized on a straight-line basis over the term of the lease, including any periods of free rent. Property on Operating Lease
|  | March 31, 2015 |  | March 31, 2016 |
|  | RMB |  | RMB |
Building |  | 26,251,157 |  | 53,049,213 |
Less: Accumulated depreciation |  | (5,038,472 | ) | (12,030,383 | )
|  | 21,212,685 |  | 41,018,830 |
Rentals under Operating Lease Future minimum rental income under non-cancelable operating lease as of March 31, 201 6 are:
|  | Minimum |
|  | Rentals Amount |
|  | RMB |
Year ended March 31: |  |  |
2017 |  | 7,294,680 |
2018 |  | 5,346,188 |
2019 |  | 4,629,140 |
2020 |  | 4,502,820 |
2021 |  | 106,361 |
|  | 21,879,189 |

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