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RELATED PARTY BALANCES AND TRANSACTIONS
 12 Months Ended
Sep. 30, 2014
Related Party Transactions [Abstract]  
Related Party Transactions Disclosure [Text Block]
3.
RELATED PARTY BALANCES AND TRANSACTIONS
 
(1)
Related party relationships
 
Name of related parties
 
Relationship
Jilin Jinong Hi-tech Development Shares Co., Ltd. (“Jinong”)
 
Being a cost investment of the Company (note 10)
Shijiazhuang Liyu Technology Development Co., Ltd. (“Liyu”)
 
Being an equity investment of the Company prior to July 10, 2014 (note 10)
Henan Agriculture University
 
Being the non-controlling interest of Beijing Origin
Beijing Shihui Agriculture Ltd.
 
Being owned by close family members of the Company’s CEO
Neijiang Agriculture Institute
 
Being the non-controlling interest of Denong
Xinjiang Ginbo Seeds Center
 
Being the non-controlling interest of Xinjiang Origin
 
(2)
Due from related parties
 
 
 
September 30,
 
 
 
2013
 
2014
 
 
 
RMB
 
RMB
 
 
 
 
 
 
 
Henan Agriculture University(note (i))
 
2,000
 
1,000
 
Neijiang Agriculture Institute(note (ii))
 
500
 
191
 
Beijing Shihui Agriculture Ltd.(note (iii))
 
900
 
1,507
 
 
 
 
 
 
 
 
 
3,400
 
2,698
 
 
Note (i):
The balance as of September 30, 2014 represented the advance from Origin to SK Wu Research Institute (through Henan Agriculture University) for its research operation, which is jointly sponsored by the provincial government of Henan Province and Origin.
 
Note (ii):
The balance as of September 30, 2014 represented the advance from Denong to Neijiang Agriculture Institute for its research operation.
 
Note (iii):
The balance as of September 30, 2014 represented the advance to Beijing Shihui Agriculture Ltd. for providing the network maintenance and software development services for the Company, which was on an arm’s length basis, and the services have not been completed as of September 30, 2014.
 
(3)
Due to related parties
 
 
 
September 30,
 
 
 
2013
 
2014
 
 
 
RMB
 
RMB
 
 
 
 
 
 
 
Xinjiang Ginbo Seeds Center *
 
54
 
10,054
 
Companies controlled by the Company’s directors
 
1,325
 
1,461
 
Ex-shareholders of State Harvest
 
151
 
196
 
 
 
 
 
 
 
 
 
1,530
 
11,711
 
 
* Xinjiang Origin, the subsidiary of the Company, has received a cash advance of RMB10,000 from Xinjiang Ginbo Seeds Center during the year ended September 30, 2014, which is unsecured, interest-free and repayable on demand
 
(4)
Transactions with related parties
 
(a)
Sales to
 
 
 
 
Year ended
 
 
 
 
September 30,
 
 
 
 
2012
 
 
2013
 
 
2014
 
 
 
 
RMB
 
 
RMB
 
 
RMB
 
 
 
 
 
 
 
 
 
 
 
 
Jinong
 
 
8,319
 
 
-
 
 
-
 
 
 
 
8,319
 
 
-
 
 
-
 
 
(b)
Purchases from
 
 
 
Year ended
 
 
 
September 30,
 
 
 
2012
 
2013
 
2014
 
 
 
RMB
 
RMB
 
RMB
 
 
 
 
 
 
 
 
 
Xinjiang Ginbo Seeds Center
 
2,788
 
-
 
-
 
Jinong
 
25,984
 
-
 
-
 
 
 
 
 
 
 
 
 
 
 
28,772
 
-
 
-
 
 
(c)
Technology usage fees charged by
 
 
 
Year ended
 
 
 
September 30,
 
 
 
2012
 
2013
 
2014
 
 
 
RMB
 
RMB
 
RMB
 
 
 
 
 
 
 
 
 
Liyu
 
9,541
 
14,665
 
4,838
 
Neijiang Agriculture Institute
 
-
 
-
 
500
 
 
 
 
 
 
 
 
 
 
 
9,541
 
14,665
 
5,338
 
 
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)
Dividend received from
   
 
 
Year ended
 
 
 
September 30,
 
 
 
2012
 
2013
 
2014
 
 
 
RMB
 
RMB
 
RMB
 
 
 
 
 
 
 
 
 
Liyu
 
2,100
 
2,700
 
3,000
 
 
(e)
Assets pledge for a related party
 
On December 18, 2013, the Company entered into an assets pledge agreement with Beijing Shihui Agriculture Limited (”Beijing Shihui”), a company based in Beijing, PRC that is owned by close family members of the Company’s of CEO. Under the agreement, the short term bank loans of RMB1.0 million of Beijing Shihui was secured by the Company’s restricted cash of RMB1.32 million. The agreement terminated on December 18, 2014.