Share-based awards relating to Ant

Share-based awards relating to Ant Financial Services Junhan made grants of certain share-based awards similar to share appreciation awards linked to the valuation of Ant Financial Services to most of our employees. The vesting of such awards is conditional upon the fulfillment of requisite services to us, and such awards will be settled in cash by Junhan upon their disposal by the holders. Junhan has the right to repurchase the vested awards from the holders upon an initial public offering of Ant Financial Services or the termination of the employment of the employees with us at a price to be determined based on the then fair market value of Ant Financial Services. We have no obligation to reimburse Junhan, Ant Financial Services or its subsidiaries for the cost associated with these awards. The cost relating to such sharebased awards is recognized by us as a shareholder contribution as the awards will ultimately be settled in cash by Junhan. The awards are accounted for as financial derivatives and initially measured at their fair value, and the related share-based compensation expense will be recognized over the requisite service period. Subsequent changes in the fair value of the awards are recorded in the consolidated income statements through the date on which the underlying awards are settled by Junhan. The fair values of the underlying equity are primarily determined by reference to the BEV of Ant Financial Services which are based on the contemporaneous valuation reports or recent financing transactions. Given that the determination of the BEV of Ant Financial Services requires the judgments and is beyond our control, the magnitude of the related accounting impact is unpredictable and may affect our consolidated income statement significantly. As of March 31, 2015, the total unamortized share-based compensation expense related to our ordinary shares that we expect to recognize was RMB12,515 million or US$2,038 million with a weighted-average remaining requisite service period of 2.3 years. To the extent the actual forfeiture rate is different from what we have anticipated, share-based compensation expense related to these awards will be different from our expectations. Furthermore, share-based compensation expense will be affected by changes in the fair value of our shares, as certain share-based awards were granted to non-employees where the unvested portions of the awards are re-measured at each reporting date through the vesting dates in the future. As of March 31, 2015, share-based awards granted to non-employees included 605,340 share options and 6,447,715 RSUs. In addition, share-based compensation expense will also be affected by changes in the fair value of awards granted to our employees by Junhan, which is controlled by Jack Ma. Ant Financial Services has informed us that they expect Junhan will also issue additional share-based awards to our employees from time to time in the future. See ‘‘Item 7. Major Shareholders and Related Party Transactions—B. Related Party Transaction—Agreements and Transactions Related to Ant Financial Services and its Subsidiaries—Ownership of Ant Financial Services and Alipay.’’ The expenses associated with these awards will be recognized across the functions in which the award recipients are employed and may continue to be significant in future periods. These awards are similar to share appreciation awards linked to the valuation of Ant Financial Services and accounted for as financial derivatives. See note 8(d) to our consolidated financial statements for the years ended March 31, 2013, 2014 and 2015 included elsewhere in this annual report.

結果 (中文) 1:

蚂蚁金融服务祥园基于份额的裁决作出某些基于份额的奖助学金类似分享欣赏奖挂钩的蚂蚁金融服务给我们的员工大多估价。此类奖项的归属是有条件的履行必要的服务，对我们来说，和这种奖励将以现金结算由祥园后由持有人及其处置。祥园有权回购被授予的奖项从持有人在蚂蚁金融服务首次公开发行后或终止雇佣的员工与我们的价格待定基于蚂蚁金融服务然后公平市场价值。我们有没有义务偿还祥园、 蚂蚁金融服务或其子公司为这些奖项与相关的成本。有关这类 sharebased 奖励的费用已获认可我们作为股东的贡献由祥园而最终以现金结算的奖励。该奖项是占作为金融衍生工具和初始计量以公允价值，将必要的服务期间确认相关基于股票的补偿费用。该奖项的公允价值的后续更改记录在合并的利润表通过日期的底层的奖项由祥园。基础资产的公允价值主要由提及 BEV 的蚂蚁金融服务，基于当时的估价报告或最近的融资交易决定。鉴于蚂蚁金融服务 BEV 测定需要判断，是我们无法控制，相关的会计影响程度是不可预知的可能会严重影响我们的合并的损益表。截至 2015 年 3 月 31 日，总未摊销基于股票的补偿费用相关为我们普通的股票，我们希望承认 12 元，5 亿 1500 万或美国 $ 20 亿 3800 万与加权平均剩余 2.3 年所需的服务期。程度上实际没收率有别于我们的预期，基于股票的补偿费用有关的这些奖项将不同于我们的期望。另外，基于股票的补偿费用将会受到我们的股票，公允价值变动作为某些以股份为基础的奖项被授予非员工奖的未分配的部分在哪里重新测量在每个报告日期通过将来的归属日期。截至 2015 年 3 月 31 日，以股份为基础的奖项授予非员工包括 605,340 股票期权和 6,447,715 上市。此外，基于股票的补偿费用也将受奖授予我们的员工祥园，它由马云控制的公允价值变动。蚂蚁金融服务已经通知我们，他们期望祥园也不时在今后发行额外的基于共享的奖项为我们的员工。请参见第 7 项。主要股东和相关方交易 — — B.相关方交易 — — 协定和交易相关的蚂蚁金融服务和其子公司 — — 蚂蚁金融服务所有权和支付宝.'这些奖项的费用将公认在得奖者受雇以及可能继续在未来期间重要的函数。这些奖项很相似，分享欣赏奖挂钩蚂蚁金融服务的估价和占作为金融衍生工具。见注 8 （d） 向我们合并财务报表年截至 2013 年 3 月 31 日，2014 年和 2015 其他地方包括在这份年度报告。

結果 (中文) 3:

以股份为基础的有关蚂蚁的金融服务取得了一定份额的补助君翰基于奖类似股票增值奖与蚂蚁金融服务的估值，我们的大部分员工奖。这些奖项归属的条件是必要的为我们服务的实现，这样的奖项将以现金结算的俊涵在他们处置的持有人。俊涵有权回购授予奖项由持有人首次公开募股蚂蚁金融服务或与我们员工的聘用终止在一个价格将根据当时的市场公允价值确定蚂蚁的金融服务。我们没有义务偿还君翰，蚂蚁金融服务或其子公司与这些奖项相关的成本。有关这些--股份奖励费用被我们大家公认为股东贡献奖最终将以现金结算的君翰。该奖项是作为金融衍生工具，并初步衡量其公允价值，以及相关的股份为基础的补偿费用将被确认在必要的服务期。在该奖项的公允价值后续变动计入综合收益表之日起，底层通过奖是由君翰。标的股权的公允价值主要是通过参考蚂蚁的金融服务是基于当时的估值报告或最近的融资交易的BEV确定。鉴于蚂蚁金融服务方案确定需要的判断，我们是无法控制的，对相关的会计影响的幅度是不可预测的，可能会影响到我们的综合收益表明显。截至2015年3月31日，总未摊销的以股份为基础的补偿费用我们的普通股有关，我们希望认识或是rmb12515万美元的加权平均剩余期限为2.3年的20亿3800万所需的服务。在某种程度上实际丧失率不同于我们的预期，以股份为基础的补偿费用这些奖励将不同于我们的预期。此外，以股份为基础的补偿费用将由我们的股票公允价值变动的影响，如某些股权奖是授予非雇员，该奖项的未归属部分重新测量在每个报告日通过行权日期在未来。截至2015年3月31日，股权奖励授予非雇员包括605340股票期权和受限制股份单位6447715。此外，基于股票的补偿费用也将在我们的员工授予的奖项由君翰公允价值变化的影响，这是由马云控制。蚂蚁的金融服务已经通知我们，他们希望君翰也将发行额外股份为基础的奖励我们的员工不时在未来。看"item 7。大股东及关联方transactions-b.关联交易协议和蚂蚁金融服务及其附属公司蚂蚁金融服务和支付宝所有权有关的交易。”这些奖项相关的费用将被确认在其中获奖者使用的功能，可能会继续在未来期间很重要。这些奖项是类似的股票增值奖挂钩的金融服务的估值和金融衍生工具。见本年度报告其他年度截至2013年3月31日止，8和2014的综合财务报表附注2015。