XML 56 R31.htm IDEA: XBRL DOCUMENT
v2.4.1.9

ORGANIZATION (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2014
Schedule of Variable Interest Entity |
Entity |  | Date of establishment |  | Place of establishment |  | Percentage of ownership by the Company |  |  | Principal activities
Subsidiaries |  |  |  |  |  |  |  |  |  |
Fine Brand Limited (“BVI”) |  | February 9, 2011 |  | British Virgin Islands |  |  | 100 | % |  | Investment Holding
500wan HK Limited (“500wan HK”) |  | March 8, 2011 |  | Hong Kong |  |  | 100 | % |  | Investment Holding
500.com USA Corporation (“500.com USA”) |  | July 21, 2014 |  | USA |  |  | 100 | % |  | Investment Holding
E-Sun Sky Computer (Shenzhen) Co., Ltd. (“E-Sun Sky Computer”) |  | June 18, 2007 |  | PRC |  |  | 100 | % |  | Software Service
VIEs |  |  |  |  |  |  |  |  |  |
Shenzhen E-Sun Network Co., Ltd. (“E-Sun Network”) |  | December 7, 1999 |  | PRC |  |  | - |  |  | Online Lottery Service
Shenzhen Youlanguang Science and Technology Co., Ltd. (“Youlanguang Technology”) |  | December 16, 2008 |  | PRC |  |  | - |  |  | Online Lottery Service
Shenzhen Guangtiandi Science and Technology Co., Ltd. (“Guangtiandi Technology”) |  | December 16, 2008 |  | PRC |  |  | - |  |  | Online Lottery Service
Shenzhen E-Sun Sky Network Technology Co., Ltd. (“E-Sun Sky Network”)* |  | May 22, 2006 |  | PRC |  |  | - |  |  | Online Lottery Service
Shenzhen Wubai Zhifu Co.,Ltd (“500Fu”)** |  | April 23, 2014 |  | PRC |  |  | - |  |  | Third party payment service
Lhasa Yicai Network Technology Co., Ltd. (“Lhasa Yicai”)** |  | October 17, 2014 |  | PRC |  |  | - |  |  | Online Lottery Service
Beijing Baifengrun Science and Technology Co., Ltd. (“Baifengrun Technology”)*** |  | June 13, 2014 |  | PRC |  |  | - |  |  | Development, operation of mobile phone games
Variable Interest Entity, Primary Beneficiary [Member] |
Carrying Amounts of Assets and Liabilities, Results of Operations and Cash Flows of VIEs |
|  | As of December 31,2013 |  |  | As of December 31,2014 |  |  | As of December 31,2014 |
|  | RMB |  |  | RMB |  |  | US$ |
ASSETS |  |  |  |  |  |  |  |  |  |  |  |
Current assets: |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  |  | 27,831 |  |  |  | 330,690 |  |  |  | 53,298 |
Restricted cash |  |  | 15,090 |  |  |  | 12,667 |  |  |  | 2,042 |
Short-term investments |  |  | - |  |  |  | 70,182 |  |  |  | 11,311 |
Accounts receivable |  |  | 50,778 |  |  |  | 48,550 |  |  |  | 7,825 |
Amounts due from intergroup companies |  |  | 105,169 |  |  |  | 10,484 |  |  |  | 1,690 |
Prepayments and other current assets |  |  | 92,395 |  |  |  | 149,256 |  |  |  | 24,055 |
Deferred tax assets, current portion |  |  | 15,287 |  |  |  | 39,068 |  |  |  | 6,297 |
Total current assets |  |  | 306,550 |  |  |  | 660,897 |  |  |  | 106,518 |
Non-current assets: |  |  |  |  |  |  |  |  |  |  |  |
Property and equipment, net |  |  | 28,703 |  |  |  | 35,283 |  |  |  | 5,687 |
Intangible assets, net |  |  | 1,130 |  |  |  | 1,535 |  |  |  | 247 |
Deposits |  |  | 5,771 |  |  |  | 9,903 |  |  |  | 1,596 |
Long-term investments |  |  | - |  |  |  | 5,114 |  |  |  | 824 |
Deferred tax assets, non-current |  |  | 157 |  |  |  | 343 |  |  |  | 55 |
Other non-current assets |  |  | 2,738 |  |  |  | 1,794 |  |  |  | 289 |
Total non-current assets |  |  | 38,499 |  |  |  | 53,972 |  |  |  | 8,698 |
TOTAL ASSETS |  |  | 345,049 |  |  |  | 714,869 |  |  |  | 115,216 |
LIABILITIES |  |  |  |  |  |  |  |  |  |  |  |
Current liabilities: |  |  |  |  |  |  |  |  |  |  |  |
Short-term loans |  |  | 12,802 |  |  |  | - |  |  |  | - |
Amounts due to intergroup companies |  |  | 3,470 |  |  |  | 140,856 |  |  |  | 22,702 |
Accrued payroll and welfare payable |  |  | 8,336 |  |  |  | 24,828 |  |  |  | 4,002 |
Accrued expenses and other current liabilities |  |  | 72,857 |  |  |  | 100,367 |  |  |  | 16,176 |
Income tax payable |  |  | 1,863 |  |  |  | 4,680 |  |  |  | 754 |
Total current liabilities |  |  | 99,328 |  |  |  | 270,731 |  |  |  | 43,634 |
Non-current liabilities: |  |  |  |  |  |  |  |  |  |  |  |
Long-term payables |  |  | 29,328 |  |  |  | 42,540 |  |  |  | 6,856 |
Total non-current liabilities |  |  | 29,328 |  |  |  | 42,540 |  |  |  | 6,856 |
TOTAL LIABILITIES |  |  | 128,656 |  |  |  | 313,271 |  |  |  | 50,490 |
|  | For the years ended December 31, |
|  | 2012 |  |  | 2013 |  |  | 2014 |  |  | 2014 |
|  | RMB |  |  | RMB |  |  | RMB |  |  | US$ |
Net revenues |  |  | 113,566 |  |  |  | 182,255 |  |  |  | 447,898 |  |  |  | 72,188 |
Net income |  |  | 3,720 |  |  |  | 19,759 |  |  |  | 185,205 |  |  |  | 29,850 |
|  | For the years ended December 31, |
|  |  | 2012 |  |  |  | 2013 |  |  |  | 2014 |  |  |  | 2014 |
|  |  | RMB |  |  |  | RMB |  |  |  | RMB |  |  |  | US$ |
Net cash generated from (used in) operating activities |  |  | (22,690 | ) |  |  | (157,646 | ) |  |  | 422,702 |  |  |  | 68,127 |
Net cash generated from (used in) investing activities |  |  | 1,587 |  |  |  | 156,033 |  |  |  | (107,041 | ) |  |  | (17,252 | )
Net cash generated from (used in) financing activities |  |  | (966 | ) |  |  | 13,052 |  |  |  | (12,802 | ) |  |  | (2,063 | )

X
- Definition Tabular disclosure of condensed financial statements, including, but not limited to, the balance sheet, income statement, and statement of cash flows. + References No definition available. + Details
Name: | us-gaap_ScheduleOfCondensedFinancialStatementsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the significant judgments and assumptions made in determining whether a variable interest (as defined) held by the entity requires the variable interest entity (VIE) (as defined) to be consolidated and (or) disclose information about its involvement with the VIE, individually or in aggregate (as applicable); the nature of restrictions, if any, on the consolidated VIE's assets and on the settlement of its liabilities reported by an entity in its statement of financial position, including the carrying amounts of such assets and liabilities; the nature of, and changes in, the risks associated with involvement in the VIE; how involvement with the VIE affects the entity's financial position, financial performance, and cash flows; the lack of recourse if creditors (or beneficial interest holders) of the consolidated VIE have no recourse to the general credit of the primary beneficiary (if applicable); the terms of arrangements, giving consideration to both explicit arrangements and implicit variable interests, if any, that could require the entity to provide financial support to the VIE, including events or circumstances that could expose the entity to a loss; the methodology used by the entity for determining whether or not it is the primary beneficiary of the variable interest entity; the significant factors considered and judgments made in determining that the power to direct the activities of a VIE that most significantly impact the VIE's economic performance are shared (as defined); the carrying amounts and classification of assets and liabilities of the VIE included in the statement of financial position; the entity's maximum exposure to loss, if any, as a result of its involvement with the VIE, including how the maximum exposure is determined and significant sources of the entity's exposure to the VIE; a comparison of the carrying amounts of the assets and liabilities and the entity's maximum exposure to loss; information about any liquidity arrangements, guarantees, and (or) other commitments by third parties that may affect the fair value or risk of the entity's variable interest in the VIE; whether or not the entity has provided financial support or other support (explicitly or implicitly) to the VIE that it was not previously contractually required to provide or whether the entity intends to provide that support, including the type and amount of the support and the primary reasons for providing the support; and supplemental information the entity determines necessary to provide. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=28200181&loc=d3e5710-111685 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 50 -Paragraph 5A -URI http://asc.fasb.org/extlink&oid=28200181&loc=SL6759159-111685 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=28200181&loc=d3e5747-111685 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=28200181&loc=d3e5728-111685 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=28200181&loc=SL6228884-111685 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Variable Interest Entity -URI http://asc.fasb.org/extlink&oid=6528138 + Details
Name: | us-gaap_ScheduleOfVariableInterestEntitiesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |