XML 44 R15.htm IDEA: XBRL DOCUMENT v3.21.1
INTANGIBLE ASSETS, NET
12 Months Ended
Dec. 31, 2020
INTANGIBLE ASSETS, NET  
INTANGIBLE ASSETS, NET

6     INTANGIBLE ASSETS, NET

Intangible assets consisted of the following:

As of December 31,

    

Note

    

2019

    

2020

Customer relationships

8

547,322

 

952,100

Licenses

6,000

15,782

553,322

 

967,882

Less: accumulated amortization

(158,694)

 

(182,560)

Intangible assets, net

394,628

 

785,322

The Company’s customer relationships were acquired in business combinations (Note 8). Amortization of intangible assets was RMB52,974, RMB58,312 and RMB68,688 for the years ended December 31, 2018, 2019 and 2020, respectively.

Estimated future amortization expense related to these intangible assets is as follows:

Fiscal year ending December 31, 

    

  

2021

 

114,844

2022

 

114,844

2023

 

113,302

2024

 

106,443

2025

92,131

Thereafter

 

243,758

Total

 

785,322