This represented advances to staff of the Group for daily business operations which are
unsecured, interest-free and repayable on demand.
(ii)
This represented advances to entrepreneurial agents who provide services to the Group. The
advances are used by entrepreneurial individual sales agents to build business. The advances
were unsecured, interest-free and repayable on demand.
(iii)
This represented accrued interest income on bank deposits.
(iv)
This mainly represented advance consideration payment made for the acquisition of Henan
Zhongrui Insurance Agency Co., Ltd. (“Zhongrui”) amounting to RMB18,000. On June 30, 2010, the
Group entered into agreement to acquire an additional 45% equity interest in Zhongrui for
RMB18,000, bringing the Group’s shareholdings in Zhongrui from 10% to 55%. As at December 31,
2010 the acquisition of Zhongrui has not been completed and the acquisition has been
subsequently terminated with the refund received on March 25, 2011.
The carrying amount of other receivables, net, due within one year of the balance sheet date (or one operating cycle, if longer) from third parties or arising from transactions not separately disclosed.