Licensed Copyrights, Net

12 Months Ended

Dec. 31, 2021

5 .	LICENSED COPYRIGHTS, NET


	As of December 31, 2020
	Gross carrying value		Accumulated amortization			Impairment amount			Net carrying value
	RMB		RMB			RMB			RMB
	(In millions)
Licensed copyrights
—Broadcasting rights		37,511		(29,688	)		(353	)		7,470
—Sublicensing rights		5,963		(5,963	)		—			—

		43,474		(35,651	)		(353	)		7,470

Less: current portion:
—Broadcasting rights		8,661		(7,592	)		(34	)		1,035
—Sublicensing rights		5,963		(5,963	)		—			—

		14,624		(13,555	)		(34	)		1,035

Licensed copyrights—non-current
—Broadcasting rights		28,850		(22,096	)		(319	)		6,435
—Sublicensing rights		—		—			—			—

		28,850		(22,096	)		(319	)		6,435


	As of December 31, 2021
	Gross carrying value		Accumulated amortization			Impairment amount			Net carrying value
	RMB		RMB			RMB			RMB		US$
	(In millions)
Licensed copyrights
—Broadcasting rights		41,489		(33,017	)		(311	)		8,161		1,281
—Sublicensing rights		7,072		(7,044	)		—			28		4

		48,561		(40,061	)		(311	)		8,189		1,285

Less: current portion:
—Broadcasting rights		8,592		(7,662	)		(27	)		903		142
—Sublicensing rights		7,072		(7,044	)		—			28		4

		15,664		(14,706	)		(27	)		931		146

Licensed copyrights—non-current
—Broadcasting rights		32,897		(25,355	)		(284	)		7,258		1,139
—Sublicensing rights		—		—			—			—		—

		32,897		(25,355	)		(284	)		7,258		1,139

Amortization expense of RMB12.7 billion, RMB11.5 billion and RMB10.1 billion (US$1.6 billion) for the years ended December 31, 2019, 2020 and 2021, respectively, was recognized as cost of revenues.

Estimated amortization expense relating to the existing licensed copyrights for each of the next three years is as follow:


	RMB		US$
	(In millions)
Within 1 year		3,551		557
Between 1 and 2 years		1,540		242
Between 2 and 3 years		1,008		158

To supplement cash flow disclosure of investing activities in 2019, acquisition of licensed copyrights included in current liabilities for the year ended December 31, 2019 amounted to RMB5.5 billion. Acquisition of licensed copyrights from nonmonetary content exchanges for the year ended December 31, 2019 amounted to RMB968 million.