v3.5.0.1

OPERATING LEASES

12 Months Ended

Mar. 31, 2016

OPERATING LEASES

OPERATING LEASES

(18) OPERATING LEASES

Minimum rental 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, 2016 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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- References

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- Definition

The entire disclosure for lessor entity's leasing arrangements for operating, capital and leveraged leases.

+ References

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 840
-SubTopic 10
-Section 55
-Paragraph 47
-URI http://asc.fasb.org/extlink&oid=6584217&loc=d3e38847-112698

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