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Principal accounting policies (Tables)
12 Months Ended
Dec. 31, 2019
Principal accounting policies  
Schedule of property and equipment estimated useful lives and residual rate

Property and equipment are stated at historical cost less accumulated depreciation and impairment loss, if any. Depreciation is calculated using the straight-line method over their estimated useful lives. Residual rate is determined based on the economic value of the property and equipment at the end of the estimated useful lives as a percentage of the original cost.

Residual

    

Estimated useful lives

rate

Buildings

 

40 years

0

%

Servers, computers and equipment

 

3-5 years

0%-5

%

Leasehold improvements

 

Shorter of lease term or 5 years

0

%

Decoration of buildings

 

10 years

0

%

Motor vehicles

 

4 years

0%-5

%

Furniture, fixture and office equipment

 

3-5 years

0%-5

%

Schedule of amortization of finite-lived intangible assets is computed using the straight-line method over the following estimated useful lives

Intangible assets mainly consist of trademark, user bases, non-compete agreement, operating rights, software, domain names, technology, license and others. Identifiable intangible assets are carried at acquisition cost less accumulated amortization and impairment loss, if any. Finite-lived intangible assets are tested for impairment if impairment indicators arise. Amortization of finite-lived intangible assets is computed using the straight-line method over their estimated useful lives, which are as follows:

    

Estimated useful lives

Trademark

10 years

User bases

3 years

License

 

15 years

Non-compete agreement

1 year

Operating rights

 

Shorter of the economic life or contract terms

Software

 

1-5 years

Domain names

 

15 years

Technology

 

5 years

Others

 

Shorter of the economic life or contract terms

Schedule of undiscounted cash flows to the operating lease liabilities recognized

A maturity analysis of the Company's operating lease liabilities and reconciliation of the undiscounted cash flows to the operating lease liabilities recognized on the consolidated balance sheet was as below:

    

Office rental

 

RMB

2020

 

122,996

2021

 

95,307

2022

 

56,544

2023 and after

 

25,274

Total undiscounted cash flows

 

300,121

Less: imputed interest

 

(21,778)

Present value of lease liabilities

 

278,343