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EQUITY INVESTMENTS | 12 Months Ended
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Sep. 30, 2012
Equity Method Investments and Joint Ventures [Abstract] |
Equity Method Investments Disclosure [Text Block] |
| 10. | EQUITY INVESTMENTS
Equity investments consist of the following:
|  | September 30, |
|  | 2011 |  | 2012 |
|  | RMB |  | RMB |
Equity method investment |  |  | 20,503 |  |  | 3,712 |
Cost method investment |  |  | - |  |  | 18,721 |
|  |  | 20,503 |  |  | 22,433 |
Liyu The Company owns 30% equity interest in Liyu and accounts for the investment in Liyu under the equity method. For the years ended September 30, 2010, 2011 and 2012, the Company recorded its pro-rata share of earnings in Liyu of RMB497, RMB2,954 and RMB4,030 respectively. The Company also received dividends of RMB1,200, RMB2,467 and RMB2,100 respectively from Liyu for each of the years ended September 30, 2010, 2011 and 2012. The dividend received was accounted for as a reduction in equity investments. A summary of the financial information of Liyu is set forth below:
Balance sheets: |  | September 30, |
|  | 2011 |  | 2012 |
|  | RMB |  | RMB |
Current assets |  |  | 8,287 |  |  | 14,091 |
Non-current assets |  |  | 4,290 |  |  | 5,783 |
Total assets |  |  | 12,577 |  |  | 19,874 |
Current and total liabilities |  |  | (6,412) |  |  | (7,275) |
Total shareholders’ equity |  |  | 6,165 |  |  | 12,599 |
Operating results: |  | Year ended September 30, |
|  | 2010 |  | 2011 |  | 2012 |
|  | RMB |  | RMB |  | RMB |
Revenue |  |  | 10,830 |  |  | 19,027 |  |  | 19,038 |
Income from operations |  |  | 1,714 |  |  | 11,304 |  |  | 11,818 |
Net income |  |  | 1,655 |  |  | 9,845 |  |  | 13,434 |
Jinong The Company owns 23% equity interest in Jinong and accounts for the investment under the equity method before fiscal year 2011. While one shareholder of Jinong increased its investment and the share owned by the Company reduced to 17.94% in this year, the Company has no significant influence in Jinong anymore and the accounting for the investment changed to cost method. For the years ended September 30, 2010, 2011, the Company recorded its pro-rata share of earnings (losses) in Jinong of RMB1,215 and RMB(1,345), respectively. We assessed the impairment of the investment as of September 30, 2012. As the share of net equity the Company owned is greater than the investment cost, no impairment noted.

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- Definition The entire disclosure for equity method investments and joint ventures. Equity method investments are investments that give the investor the ability to exercise significant influence over the operating and financial policies of an investee. Joint ventures are entities owned and operated by a small group of businesses as a separate and specific business or project for the mutual benefit of the members of the group. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.12) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 323 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6382943&loc=d3e33918-111571 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 323 -SubTopic 10 -Section 35 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=7658923&loc=d3e32847-111569 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 323 -SubTopic 10 -Section 35 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=7658923&loc=d3e32787-111569 + Details
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