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Leases (Tables)
12 Months Ended
Dec. 31, 2019
Leases [Abstract]  
Summary of Operating Leases

 

 

 

Year ended

December 31,2019

 

 

RMB

Cash paid for amounts included in the measurement of lease liabilities:

 

 

Operating cash flows from operating leases

 

85,717

Right-of-use assets obtained in exchange for new lease obligations:

 

 

Operating leases

 

126,099

Weighted average remaining lease term

 

 

Operating leases

 

12.2 years

Weighted average discount rate

 

 

Operating leases

 

6.7%

 

Summary of Maturity Analysis of Annual Undiscounted Cash Flows for Lease Liabilities

The following is a maturity analysis of the annual undiscounted cash flows for lease liabilities as of December 31, 2019:

 

 

 

RMB

 

2020

 

 

91,182

 

2021

 

 

75,342

 

2022

 

 

72,690

 

2023

 

 

72,576

 

2024

 

 

75,026

 

2025 and thereafter

 

 

587,588

 

Total future lease payments

 

 

974,404

 

Less: Imputed interest

 

 

317,922

 

Total lease liability balance

 

 

656,482

 

 

Schedule of Future Minimum Payments Under Non-Cancelable Operating Leases to Offices and Enrollment Centers

Future minimum payments under non-cancelable operating leases related to offices and enrollment centers consisted of the following at December 31, 2018:

 

 

RMB

 

2019

 

 

110,796

 

2020

 

 

97,949

 

2021

 

 

90,347

 

2022

 

 

83,251

 

2023 and thereafter

 

 

698,995

 

 

 

 

1,081,338