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Additional information - condensed financial statements | 12 Months Ended
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Dec. 31, 2016
Additional information - condensed financial statements [Abstract] |
Additional information - condensed financial statements |
| 30. | Additional information – condensed financial statements
The condensed financial statements of YY Inc. have been prepared in accordance with SEC Regulation S-X Rule 5-04 and Rule 12-04. The Company records its investments in subsidiaries under the equity method of accounting. Such investments to subsidiaries are presented on the balance sheet as “Interests in subsidiaries and VIEs” and the profit of the subsidiaries is presented as “Share of profit of subsidiaries and VIEs” in the statement of operations and comprehensive income. For the VIEs, where the Company is the primary beneficiary, the amount of the Company’s investment is included in the balance sheet as “Interests in subsidiaries and VIEs” and the profit of the VIEs is included in “Share of profit of subsidiaries and VIEs” in the statement of operations and comprehensive income. The footnote disclosures contain supplemental information relating to the operations of the Company and, as such, these financial statements should be read in conjunction with the notes to the Consolidated Financial Statements of the Company. Certain information and footnote disclosures normally included in financial statements prepared in accordance with U.S. GAAP have been condensed or omitted. As of December 31, 2015 and 2016, there were no material contingencies, significant provisions for long-term obligations, or guarantees of the Company, except for those, if any, which have been separately disclosed in the consolidated financial statements.
| (a) | Condensed balance sheets of YY Inc. as of December 31, 2015 and 2016
|  | As of December 31, |
|  | 2015 |  | 2016 |  | 2016 |
|  | RMB |  | RMB |  | US$ |
|  |  |  |  |  | (Note 2(e)) |
Assets |  |  |  |  |  |  |  |  |  |
Current assets |  |  |  |  |  |  |  |  |  |
Amounts due from a subsidiary |  |  | 1,881,616 |  |  | 1,947,080 |  |  | 280,438 |
Non-current assets |  |  |  |  |  |  |  |  |  |
Interests in subsidiaries and VIEs |  |  | 3,944,457 |  |  | 5,883,684 |  |  | 847,426 |
Total non-current assets |  |  | 3,944,457 |  |  | 5,883,684 |  |  | 847,426 |
Total assets |  |  | 5,826,073 |  |  | 7,830,764 |  |  | 1,127,864 |
Liabilities and shareholders’ equity |  |  |  |  |  |  |  |  |  |
Current liabilities |  |  |  |  |  |  |  |  |  |
Interests payable |  |  | 14,795 |  |  | 15,800 |  |  | 2,276 |
Convertible bonds(1) |  |  | - |  |  | 2,768,469 |  |  | 398,742 |
Non-current liabilities |  |  |  |  |  |  |  |  |  |
Convertible bonds(2) |  |  | 2,572,119 |  |  | - |  |  | - |
Total liabilities |  |  | 2,586,914 |  |  | 2,784,269 |  |  | 401,018 |
Shareholders’ equity |  |  |  |  |  |  |  |  |  |
Class A common shares (US$0.00001 par value; 10,000,000,000 shares authorized, 728,227,848 shares issued and outstanding as of December 31, 2015 and 750,115,028 shares issued and outstanding as of December 31, 2016) |  |  | 43 |  |  | 44 |  |  | 6 |
Class B common shares (US$0.00001 par value; 1,000,000,000 shares authorized, 369,557,976 shares issued and outstanding as of December 31, 2015 and 359,557,976 shares issued and outstanding as of December 31, 2016) |  |  | 27 |  |  | 26 |  |  | 4 |
Additional paid-in capital |  |  | 2,011,799 |  |  | 2,165,766 |  |  | 311,935 |
Retained earnings |  |  | 1,263,675 |  |  | 2,787,593 |  |  | 401,497 |
Accumulated other comprehensive (loss)/income |  |  | (36,385) |  |  | 93,066 |  |  | 13,404 |
Total shareholders’ equity |  |  | 3,239,159 |  |  | 5,046,495 |  |  | 726,846 |
Total liabilities and shareholders’ equity |  |  | 5,826,073 |  |  | 7,830,764 |  |  | 1,127,864 |
(1) Convertible bonds classified in current liabilities represent Convertible Senior Notes which may be redeemed within one year. (2) Effectively January 2016, ASU 2015-3 issued by FASB requires entities to present the issuance costs of bonds in the balance sheet as a direct deduction from the related bonds rather than assets. Accordingly, the Company retrospectively reclassified RMB25.3 million of issuance cost of bonds from other non-current assets into convertible bonds as of December 31, 2015. (b) Condensed statements of operations and comprehensive income of YY Inc. for the years ended December 31, 2014, 2015 and 2016
|  | For the year ended December 31, |
|  | 2014 |  | 2015 |  | 2016 |  | 2016 |
|  | RMB |  | RMB |  | RMB |  | US$ |
|  |  |  |  |  |  |  | (Note2(e)) |
Share of profit of subsidiaries and VIEs |  |  | 1,121,079 |  |  | 1,108,029 |  |  | 1,605,003 |  |  | 231,170 |
Interest expense |  |  | (56,607) |  |  | (74,786) |  |  | (81,085) |  |  | (11,679) |
Income before income tax expenses |  |  | 1,064,472 |  |  | 1,033,243 |  |  | 1,523,918 |  |  | 219,491 |
Net income |  |  | 1,064,472 |  |  | 1,033,243 |  |  | 1,523,918 |  |  | 219,491 |
Other comprehensive income/(loss) : |  |  |  |  |  |  |  |  |  |  |  |  |
Unrealized gain of available-for-sales securities |  |  | - |  |  | - |  |  | 134,768 |  |  | 19,411 |
Foreign currency translation adjustments, net of nil tax |  |  | 3,638 |  |  | 4,414 |  |  | (5,317) |  |  | (766) |
Comprehensive income |  |  | 1,068,110 |  |  | 1,037,657 |  |  | 1,653,369 |  |  | 238,136 |
(c) | Condensed statements of cash flows of YY Inc. for the years ended December 31, 2014, 2015 and 2016
|  | For the year ended December 31, |
|  | 2014 |  | 2015 |  | 2016 |  | 2016 |
|  | RMB |  | RMB |  | RMB |  | US$ |
|  |  |  |  |  |  |  | (Note2(e)) |
Cash flows from investing activities |  |  |  |  |  |  |  |  |  |  |  |  |
Loan to a subsidiary |  |  | (2,412,290) |  |  | - |  |  | - |  |  | - |
Net cash used in investing activities |  |  | (2,412,290) |  |  | - |  |  | - |  |  | - |
Cash flows from financing activities |  |  |  |  |  |  |  |  |  |  |  |  |
Proceeds from issuance of convertible bonds |  |  | 2,412,290 |  |  | - |  |  | - |  |  | - |
Net cash provided by financing activities |  |  | 2,412,290 |  |  | - |  |  | - |  |  | - |
Net increase in cash and cash equivalents |  |  | - |  |  | - |  |  | - |  |  | - |
Cash and cash equivalents at the beginning of the year |  |  | - |  |  | - |  |  | - |  |  | - |
Cash and cash equivalents at the end of the year |  |  | - |  |  | - |  |  | - |  |  | - |

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- Definition The entire disclosure for condensed financial information, including the financial position, cash flows, and the results of operations of the registrant (parent company) as of the same dates or for the same periods for which audited consolidated financial statements are being presented. Alternatively, the details of this disclosure can be reported by the specific parent company taxonomy elements, indicating the appropriate date and period contexts in an instance document. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 10 -Section S99 -Paragraph 3 -Subparagraph (SX 210.7-05(c)(Schedule II)) -URI http://asc.fasb.org/extlink&oid=6879921&loc=d3e569147-122900 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=68079674&loc=d3e5283-111683 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 235 -Section S99 -Paragraph 2 -Subparagraph (SX 210.9-06) -URI http://asc.fasb.org/extlink&oid=6882215&loc=d3e537971-122884 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 10 -Section S99 -Paragraph 6 -Subparagraph (SX 210.5-04(c)(Schedule I)) -URI http://asc.fasb.org/extlink&oid=27047687&loc=d3e5864-122674 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e24072-122690 + Details
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