PROPERTY, EQUIPMENT AND SOFTWARE

12 Months Ended

Dec. 31, 2013

7. PROPERTY, EQUIPMENT AND SOFTWARE

Property, equipment and software and its related accumulated depreciation and amortization as of December 31, 2012 and 2013 were as follows:

	2012		2013
	RMB		RMB
Buildings	892,430,743		1,050,102,815
Computer equipment	232,200,943		256,542,169
Website-related equipment	107,209,531		135,116,574
Furniture and fixtures	58,079,451		60,468,480
Software	43,782,203		52,640,160
Leasehold improvements	28,866,215		44,835,912
Construction in progress	81,050,521		199,363,516
Less: accumulated depreciation and amortization	(319,682,416	)	(386,125,933	)
Total net book value	1,123,937,191		1,412,943,693

From November, 2011, the Company started to build an information and technology center in Chengdu. All direct costs of the information and technology center were originally capitalized as construction in progress.

Depreciation expense for the years ended December 31, 2011, 2012 and 2013 was RMB78,809,867, RMB88,462,807 and RMB110,494,928, respectively.

- Definition

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

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