ACQUIRED INTANGIBLE ASSETS, NET

12 Months Ended

Sep. 30, 2021

10. ACQUIRED INTANGIBLE ASSETS, NET

Acquired intangible assets, net consist of the following:


	September 30,				September 30,
	2021				2020
	RMB				RMB
	Gross				Gross
	Carrying	Accumulated	Impairment	Net	Carrying	Accumulated	Impairment	Net
	Amount	Amortization	Loss	Balance	Amount	Amortization	Loss	Balance
Technology rights for licensed seeds	71,429	(67,655)	—	3,774	71,429	(66,781)	—	4,648
Others	4,739	(4,652)	(87.00)	—	4,739	(4,739)	—	—
Total	76,081	(72,307)	(87.00)	3,774	76,168	(71,520)	—	4,648

Amortization expenses for the years ended September 30, 2019, 2020 and 2021 were RMB2,893, RMB821 and RMB787, respectively. RMB–nil-, RMB–nil-, and RMB87 were charged for impairment for the years ended September 30, 2019, 2020 and 2021, respectively.

Amortization expense on these intangible assets for each of the next five years is as follows:


Year ending September 30,		RMB
2022		555
2023		532
2024		520
2025		521
2026		521
Thereafter		1,125
Total		3,774

The Company enters into technology transfer and usage agreements with strategic partners and pays up-front fees for the exclusive rights to certain seed technologies. Technology rights are amortized over an average usage period of 3 to 20 years and are charged to general and administrative expenses.