RELATED PARTY BALANCES AND TRANSACTIONS

12 Months Ended

Sep. 30, 2012

3.	RELATED PARTY BALANCES AND TRANSACTIONS

(1)

Related party relationships

Name of related parties		Relationship
Jinong		Being an equity investment of the Company (note 10)
Liyu		Being an equity investment of the Company (note 10)
Henan Agriculture University		Being the non-controlling interest of Beijing Origin
Xinjiang Jinbo Seed Limited		Being the non-controlling interest of Xinjiang Origin

(2)

Due from related parties

		September 30,
	2011		2012
	RMB		RMB

Jinong		3,505		-
Henan Agriculture University (note (i))		24		2,082
Non-controlling interests of Denong		7		-
Xinjiang Jinbo Seed Limited		1,447		-
Non-controlling interests of Kunfeng		200		-

		5,183		2,082

Note (i): The balance as of September 30, 2012 represented the research funding from Origin to SK Wu Research Institute (through Henan Agriculture University), which is jointly sponsored by the provincial government of Henan Province and Origin.

(3)

Due to related parties

	September 30,
	2011	2012
	RMB	RMB

Non-controlling interests of Denong	113	-
Xinjiang Jinbo Seed Limited	-	950
Companies controlled by the Company’s directors	1,385	1,366
Ex-shareholders of State Harvest	140	156
Liyu	90	297

	1,728	2,769

(4)

Transactions with related parties

(a)

Sales to

	Year ended September 30,
	2010	2011	2012
	RMB	RMB	RMB
Jinong	-	2,000	8,319

(b)

Purchases from

	Year ended September 30,
	2010	2011	2012
	RMB	RMB	RMB

Biocentury	116	-	-
Liyu	240	90	-
Xinjiang Jinbo Seed Limited	-	-	2,788
Jinong	6	-	25,984

	362	90	28,772

(c)

Technology usage fees charged by

	Year ended September 30,
	2010	2011	2012
	RMB	RMB	RMB

Liyu	5,471	5,953	9,541
Henan Agriculture University	68	-	-
Non-controlling interests of Denong	599	602	-
Biocentury	306	-	-

	6,444	6,555	9,541

The above amounts related to technology usage fees paid to certain related party research centers for the exclusive right to use certain seed technologies.

(d)

Purchases of plant and equipment from

	Year ended September 30,
	2010	2011	2012
	RMB	RMB	RMB

Jinong	150	-	-

(e)

Rental expense paid for plant and equipment

	Year ended September 30,
	2010	2011	2012
	RMB	RMB	RMB

Jinong	935	468	-

(f)

Research & Development expenses

	Year ended September 30,
	2010	2011	2012
	RMB	RMB	RMB

Holding company of Jinong	5,000	5,000	-

(g)

Dividend received from

	Year ended September 30,
	2010	2011	2012
	RMB	RMB	RMB

Liyu	1,200	2,467	2,100

(h)

Dividend paid to

	Year ended September 30,
	2010	2011	2012
	RMB	RMB	RMB

Jinong	5,025	10,050	-

- Definition

The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

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