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Land use rights, net
12 Months Ended
Dec. 31, 2014
Land use rights, net  
Land use rights, net

 

13.  Land use rights, net

 

Land use rights, net, consist of the following:

 

 

 

As of December 31,

 

 

 

2013

 

2014

 

 

 

RMB

 

RMB

 

Land use rights

 

620,383

 

1,108,125

 

Less: Accumulated amortization

 

(21,530

)

(40,872

)

Net book value

 

598,853

 

1,067,253

 

 

Amortization expenses for land use rights were RMB9,565, RMB11,700 and RMB19,342 for the years ended December 31, 2012, 2013 and 2014, respectively.

 

As of December 31, 2014, amortization expenses related to the land use rights for future periods are estimated to be as follows:

 

 

 

For the years ended December 31,

 

 

 

2015

 

2016

 

2017

 

2018

 

2019

 

2020 and
thereafter

 

 

 

RMB

 

RMB

 

RMB

 

RMB

 

RMB

 

RMB

 

Amortization expenses

 

22,162 

 

22,162 

 

22,162 

 

22,162 

 

22,162 

 

956,443