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OTHER PAYABLES AND ACCRUALS (Tables)
12 Months Ended
Dec. 31, 2017
OTHER PAYABLES AND ACCRUALS  
Schedule of other payables and accruals

 

 

2016

 

2017

 

 

 

RMB

 

RMB

 

Accrued operating expenses

 

1,549,809,298

 

2,851,988,186

 

Deposits received from suppliers and packaged-tour users

 

460,648,199

 

507,158,340

 

Payable for acquisition and investments (Note 2)

 

157,004,868

 

625,682,289

 

Provision related to an equity method investment (Note 13)

 

 

367,448,156

 

Due to employees for stock option proceeds received on their behalf

 

250,831,976

 

197,430,857

 

Deposit for special bonus program (a)

 

168,404,481

 

178,771,740

 

Interest payable

 

103,016,365

 

68,413,048

 

Accruals for property and equipment

 

22,855,856

 

42,444,370

 

Deferred revenue

 

12,664,375

 

31,789,775

 

Others

 

124,585,829

 

225,509,712

 

 

 

 

 

 

 

Total

 

2,849,821,247

 

5,096,636,473

 

 

 

 

 

 

 

 

 

(a)

In September, 2014, the Company established a special bonus program. Under this program, the Company provides the bonus units to the selected employees and the employees are required to provide deposit to participate such program. The bonus is calculated based on certain agreed-upon performance merits and is paid together with the deposit. As of December 31, 2017, the Company recognized the employees deposit of RMB179 million in other payable. The expenses recognized for the bonus program were not significant in 2015, 2016 and 2017.