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COMMITMENTS AND CONTINGENCIES

12 Months Ended

Dec. 31, 2016

COMMITMENTS AND CONTINGENCIES [Abstract]

COMMITMENTS AND CONTINGENCIES

16 COMMITMENTS AND CONTINGENCIES

(a) Operating lease commitments

Future minimum lease payments under non-cancelable operating lease agreements as of December 31, 2016 were as follows. The Company’s leases do not contain any contingent rent payment terms.

		RMB
Year ending December 31,
2017			116,805
2018			100,736
2019			70,660
2020			47,230
2021			32,542
2022 and thereafter			53,924
Total			421,897

Gross rent expenses incurred under operating leases were RMB77,493, RMB108,992 and RMB136,076 for the years ended December 31, 2014, 2015 and 2016, respectively. Sublease rental income of RMB1,416, RMB382 and RMB 460 for the years ended December 31, 2014, 2015 and 2016, respectively, were recognized as reductions of gross rental expenses.

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- Definition

The entire disclosure for commitments and contingencies.

+ References

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-Publisher FASB
-Name Accounting Standards Codification
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