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Accrued expenses and other current liabilities
12 Months Ended
Dec. 31, 2015
Accrued expenses and other current liabilities [Abstract]  
Accrued expenses and other current liabilities

11. Accrued expenses and other current liabilities

 

The following is a summary of accrued expenses and other current liabilities:

 

As of December 31,

2014

2015

 
RMB RMB   

US$ (Note 2(d))

 

Deposits from customers

27,807

 

31,269

 

4,827

 

Deposit from HNA

 

 

649,360

 

100,244

 

Payable for business acquisition

 

 

26,781

 

4,134

 

Accrued liabilities related to customers incentive program

 

14,764

 

34,633

 

5,346

 

Accrued professional service fees

 

18,361

 

12,373

 

1,910

 

Accrued advertising expenses

 

12,455

 

56,293

 

8,690

 

Amount due to the individual investors of yield enhancement products

 

 

589,151

 

90,949

 

Notes payable

 

 

70,000

 

10,806

 

Advanced payment from banks

 

11,036

 

21,575

 

3,331

 

Others

 

25,437

 

123,998

 

19,143

 

Total

 

109,860

 

1,615,433

 

249,380

 

 

Deposits from customers represent cash paid to the Group as a deposit for overseas tours, and such amount is refundable upon completion of the tours.

 

HNA Tourism Holdings Group Co., Ltd. (“HNA”) provided RMB649 million (US$100 million) as the guarantee to fulfil of the ordinary shares subscription agreement signed on November 20, 2015. The amount was refunded in January 2016 upon the closing of the transaction.

 

Advanced payment from banks represent cash received by the Group for promotional and marking campaigns. Banks participating in these campaigns would reimburse the Group for tours sold to their credit card holders at a specified discount.