|
Distribution of Profits
|
12 Months Ended |
|---|---|
|
Dec. 31, 2010
|
|
| Distribution of Profits [Abstract] | |
| Distribution of Profits |
(14) Distribution of Profits
As stipulated by the relevant PRC laws and regulations applicable to China’s foreign
investment enterprise, the Group’s subsidiaries and VIEs in the PRC are required to maintain
non-distributable reserves which include a statutory surplus reserve as of December 31, 2010.
Appropriations to the statutory surplus reserve are required to be made at not less than 10% of
individual company’s net profit as reported in the PRC statutory statements of the Company’s
subsidiaries and VIEs. The appropriations to statutory surplus reserve are required until the
balance reaches 50% of the registered capital of respective subsidiaries and VIEs.
The statutory surplus reserve is used to offset future losses. These reserves represent
appropriations of retained earnings determined according to PRC law and may not be distributed.
There are no appropriations to reserves by the Company other than the Group’s subsidiaries and VIEs
in the PRC during any of the periods presented. Amounts contributed to the statutory reserves were
RMB103,877 and RMB136,681 as of December 31, 2009 and 2010, respectively.
|