XML 60 R37.htm IDEA: XBRL DOCUMENT v3.4.0.3
Segment Reporting
 12 Months Ended
Dec. 31, 2015
Segment Reporting [Abstract]  
Segment Reporting
29. Segment Reporting

 

Prior to 2015, the Group's internal reporting to the CODM does not distinguish cost and expenses among segments. Hence, the Group had only one operating segment prior to 2015.

 

Starting from the first quarter of 2015, in order to better evaluate the Group's business performance and better allocate resources the CODM began to review YY IVAS and others, Huya broadcasting, and 100 Education separately. 


The CODM assesses the performance of the operating segments mainly based on net revenues, gross profit / (loss), operating income / (loss) of each reporting segment. Net revenues of YY IVAS and others are presented for the CODM's review separately. Gross profit and operating income of YY IVAS and others are presented for the CODM's review on a combined basis as the cost of revenues and operating expenses of others cannot be distinguished from those of YY IVAS. Net revenues, gross loss and operating loss of Huya broadcasting and 100 education are presented for the CODM's review separately. Segmental information for prior periods was prepared and presented on the same basis as 2015 for comparative information purpose.

 

The Group currently does not allocate assets to all of its segments, as its CODM does not use such information to allocate resources or evaluate the performance of the operating segments.

 

As the Group's long-lived assets and revenue are substantially located in and derived from the PRC, no geographical segments are presented.

 

The Group currently does not allocate assets to all of its segments, as its CODM does not use such information to allocate resources or evaluate the performance of the operating segments.

 

The following table presents summary information by segment:

 

For the year ended December 31, 2015:

 

YY IVAS Others     YY IVAS
and
others		     Huya
broadcasting		     100
Education		     Total  
RMB RMB     RMB     RMB     RMB     RMB  
Net revenues                                        
Internet value-added service                                        
—Online music and entertainment     3,320,052       -       3,320,052       -       -       3,320,052  
—Online games     771,882       -       771,882       -       -       771,882  
—Online dating     651,019       -       651,019       -       -       651,019  
—Other IVAS     561,682       -       561,682       356,324       -       918,006  
Other revenues     -       112,516       112,516       -       123,774       236,290  
                                                 
Total net revenues     5,304,635       112,516       5,417,151       356,324       123,774       5,897,249  
                                                 
Cost of revenues(1)                     (2,798,064 )     (655,066 )     (126,614 )     (3,579,744 )
                                                 
Gross profit / (loss)                     2,619,087       (298,742 )     (2,840 )     2,317,505  
                                                 
Operating expenses(1)                                                
Research and development expenses                     (445,411 )     (66,538 )     (36,850 )     (548,799 )
Sales and marketing expenses                     (253,129 )     (24,469 )     (35,272 )     (312,870 )
General and administrative expenses                     (240,536 )     (25,869 )     (92,069 )     (358,474 )
Goodwill impairment                     (128,034 )     -       (182,090 )     (310,124 )
Fair value change of contingent consideration                      107,306       -       185,165       292,471  
                                                 
Total operating expenses                     (959,804 )     (116,876 )     (161,116 )     (1,237,796 )
                                                 
Other income                     82,300       -       -       82,300  
                                                 
Operating income / (loss)                     1,741,583       (415,618 )     (163,956 )     1,162,009  

 

(1) Share based compensation was allocated in cost of revenues and operating expenses as follows:

 

YY IVAS and others   Huya broadcasting    

100 Education

     Total  
RMB   RMB     RMB     RMB  
                 
Cost of revenues 22,077     1,497     389     23,963  
Research and development expenses     59,400       4,754       6,797       70,951  
Sales and marketing expenses     3,119       164       -       3,283  
General and administrative expenses     51,260       3,302       32,613       87,175  
                                 
Share-based compensation expenses     135,856       9,717       39,799       185,372  

 

For the year ended December 31, 2014:

 

    YY IVAS     Others     YY IVAS
and
others		     Huya
broadcasting		     100
Education		     Total  
    RMB     RMB     RMB     RMB     RMB     RMB  
Net revenues                                                
Internet value-added service                                                
—Online music and entertainment     2,109,503       -       2,109,503       -       -       2,109,503  
—Online games     811,699       -       811,699       -       -       811,699  
—Online dating     194,134       -       194,134       -       -       194,134  
—Other IVAS     262,318       -       262,318       153,371       -       415,689  
Other revenues     -       146,393       146,393       -       950       147,343  
                                                 
Total net revenues     3,377,654       146,393       3,524,047       153,371       950       3,678,368  
                                                 
Cost of revenues(1)                     (1,586,933 )     (248,154 )      (14,062 )     (1,849,149 ) 
                                                 
Gross profit / (loss)                     1,937,114       (94,783 )     (13,112 )     1,829,219  
                                                 
Operating expenses(1)                                                
Research and development expenses                     (362,352 )     (47,765 )     (21,071 )      (431,188 )
Sales and marketing expenses                     (97,983 )     (4,399 )     (145 )     (102,527 )
General and administrative expenses                      (200,535 )     (20,954 )     (1,530 )     (223,019 )
                                                 
Total operating expenses                     (660,870 )     (73,118 )     (22,746 )     (756,734 )
                                                 
Other income                     6,319       -       -       6,319  
                                                 
Operating income / (loss)                     1,282,563       (167,901 )     (35,858 )     1,078,804  

 

(1) Share based compensation was allocated in cost of revenues and operating expenses as follows:

 

    YY IVAS and others     Huya broadcasting    

100 Education

     Total  
    RMB     RMB     RMB     RMB  
                         
Cost of revenues     16,552       1,185       300       18,037  
Research and development expenses     47,315       1,895       4,931       54,141  
Sales and marketing expenses     2,803       4       -       2,807  
General and administrative expenses     57,938       1,660       49       59,647  
                                 
Share-based compensation expenses     124,608       4,744       5,280       134,632