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Other Long-term Assets
12 Months Ended
Dec. 31, 2023
Other Long-term Assets  
Other Long-term Assets

12.

Other Long-term Assets

The following is a summary of other long-term assets (in thousands):

    

December 31, 

    

December 31, 

2022

2023

RMB

RMB

Copyrights, licenses, domain names, trademark and technology

 

2,117,688

 

1,884,603

Goodwill

2,166,486

1,855,394

Long-term receivable

1,638,572

1,500,100

Non-current deposits

174,357

179,399

Long-term interest receivables

100,397

38,174

Staff housing loans

 

39,228

 

34,690

Others

 

569,727

 

446,746

 

6,806,455

 

5,939,106

Balances of copyrights and licenses represents prepaid minimum royalties for exploitation of related intellectual properties, which was amortized over the term of the respective licensing agreements or estimated amortization periods.

Goodwill

December 31,

December 31,

    

2022

    

2023

RMB

RMB

Beginning balance

 

595,280

 

2,166,486

Additions

 

1,571,206

 

Disposal

(311,092)

Ending balance

 

2,166,486

 

1,855,394

For the years ended December 31, 2022 and 2023, the carrying value of goodwill was mainly recorded under the games and related value-added services segment.The Group performed impairment tests using the qualitative and quantitative method and concluded that the goodwill was not impaired as at December 31, 2022 and 2023, therefore, no provision was recorded.

The Group made housing loans to its employees (excluding executive officers) for house purchases via a third-party commercial bank in China. Each individual staff housing loan is collateralized either by the property for which the loan is extended or by approved personal guarantees for the loan amount granted. The repayment term is five years from the date of drawdown. The interest rate is fixed varying from 2.1% to 4.75% per annum both for the years ended December 31, 2022 and 2023, respectively. The outstanding portion of the staff housing loans repayable within 12 months as of December 31, 2022 and 2023 amounted to approximately RMB22.7 million and RMB18.2 million, respectively. The amounts are reported under “Prepayments and other current assets” in the consolidated balance sheets (see Note 6).