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Leases | 12 Months Ended
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Dec. 31, 2019
Leases [Abstract] |
Leases | 18. Leases The company leases facilities under non-cancellable operating leases expiring on different dates. The terms of substantially all of these leases are four years or less. When determining the lease term, the Group includes options to extend or terminate the lease when it is reasonably certain that it will exercise that option, if any. All of the Group’s leases qualify as operating leases. With the adoption of the new leasing standard, the Group has recorded a right-of-use asset and corresponding lease liability, by calculating the present value of future lease payments, discounted at additional borrowing rate. (a) The following table sets forth the breakdown of leasing expenses:
|  | For the years ended December 31, |
|  | 2019 |
|  | RMB |
Lease cost: |  |  |  |
Amortization of right-of-use assets |  |  | 44,190 |
Interest of lease liabilities |  |  | 5,183 |
Expenses for short-term leases within 12 months |  |  | 1,499 |
Total lease cost |  |  | 50,872 |
(b) The following table sets forth the supplemental cash flow information related to leases:
|  | For the years ended December 31, |
|  | 2019 |
|  | RMB |
Other information: |  |  |  |
Cash paid for amounts included in the measurement of lease liabilities: |  |  |  |
Operating lease payments |  |  | 51,370 |
(c) The following table sets forth the weighted-average remaining lease term and discount rate:
|  | As of December 31, |
|  | 2019 |
Weighted-average remaining lease term |  |  |  |
Operating leases |  |  | 2.46 years |
Weighted-average discount rate |  |  |  |
Operating leases |  |  | 4.75 | %
(d) The following table sets forth the maturities of lease liabilities:
|  | For the years ended December 31, |
|  | 2019 |
|  | RMB |
2020 |  |  | 45,174 |
2021 |  |  | 40,688 |
2022 |  |  | 15,285 |
2023 |  |  | 640 |
Total undiscounted lease payments |  |  | 101,787 |
Less: imputed interest |  |  | (16,644 | )
Total lease liabilities |  |  | 85,143 |
(e) The following table sets forth the non-cancellable future minimum lease payments for the Group’s operating leases under the previous lease standard (“ASC Topic 840”) as of December 31, 2018:
|  | As of December 31, |
|  | 2018 |
|  | RMB |
2019 |  |  | 58,406 |
2020 |  |  | 45,077 |
2021 |  |  | 40,221 |
2022 |  |  | 14,826 |
Thereafter |  |  | 640 |
Total |  |  | 159,170 |

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- References No definition available. + Details
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- Definition The entire disclosure for lessee entity's leasing arrangements including, but not limited to, all of the following: (a.) The basis on which contingent rental payments are determined, (b.) The existence and terms of renewal or purchase options and escalation clauses, (c.) Restrictions imposed by lease agreements, such as those concerning dividends, additional debt, and further leasing. + References Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -URI http://asc.fasb.org/topic&trid=2208923 + Details
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