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Prepayments and other assets
12 Months Ended
Dec. 31, 2014
Text Block [Abstract]  
Prepayments and other assets
7. Prepayments and other assets

 

(In thousands)

   December 31,
2013
     December 31,
2014
 

Current portion:

     

Advance to suppliers

     717         520   

Interest-free loans to employees (note a)

     3,578         3,998   

Low-interest loans to employees, current portion (note c)

     —           64   

Advance to employees for business purposes

     316         585   

Content copyrights prepaid assets (note b)

     830         297   

Interest receivable

     118         5,380   

Rental and other deposits

     596         774   

Prepayment for share repurchase plan (note d)

     —           1,000   

Prepaid game sharing costs

     —           458   

Prepaid professional fees

     —           900   

Prepaid management insurance

     —           179   

Others

     164         405   
  

 

 

    

 

 

 

Total of prepayments and other current assets

  6,319      14,560   
  

 

 

    

 

 

 

Non-current portion:

Prepayments for content copyrights

  3,149      1,988   

Prepayments for online game licenses

  2,358      5,346   

Deferred initial public offering costs

  374      —     

Low-interest loans to employees, non-current portion (note c)

  196      506   
  

 

 

    

 

 

 

Total of long-term prepayments and other assets

  6,077      7,840   
  

 

 

    

 

 

 

 

Note a: The Group had entered into loan contracts with certain employees as at December 31, 2013 and 2014, under which the Group provided interest-free loans to these employees. The loan amounts vary amongst different employees and are repayable on demand.
Note b: Content copyrights prepaid assets represent content copyright that the Group has yet to receive from the counterparty under a barter transaction but the counterparty has already received the content copyrights from the Group.
Note c: The Group had entered into loan contracts with certain employees as at December 31, 2013 and 2014, under which the Group provided low-interest loans to these employees. The loan amounts vary amongst different employees and are repayable in equal instalments on a monthly basis over the term of 10 years.
Note d: In December 2014, the Company announced a share repurchase program to purchase up to USD 20 million shares and prepaid USD 1 million to a security broker for this program.