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ORGANIZATION AND BASIS OF PRESENTATION (Tables)

12 Months Ended

Dec. 31, 2018

ORGANIZATION AND BASIS OF PRESENTATION

Schedule of Company's subsidiary, its VIE and VIE's significant subsidiaries and kindergartens

		Date of				Percentage of
		establishment		Place of		legal ownership
Name		or acquisition		establishment		by the Company		Principal activities
Subsidiaries:
Beijing RYB Technology Development Co., Ltd. ("RYB Technology")		December 24, 2007		PRC		100	%	Investment holding and provision of educational services
QIYUAN Education Technology (Tianjin) Co., Ltd ("TJ Qiyuan")		May 18, 2018		PRC		100	%	Investment holding and provision of educational services
Beijing Beilin International Education Co., Ltd. ("BJ Beilin")		September 28, 2018		PRC		90	%	Investment holding and provision of educational services
Precious Companion Group Limited		August 4, 2018		Hong Kong		100	%	Investment holding and provision of educational services
Digital Knowledge World Co., Ltd.		September 1, 2018		Cayman Islands		90	%	Investment holding and provision of educational services
Digital Education Co., Ltd.		September 1, 2018		Hong Kong		90	%	Investment holding and provision of educational services
Beilin International Education Limited		September 1, 2018		Hong Kong		90	%	Investment holding and provision of educational services
Variable interest entities:
Beijing RYB Children Education Technology Development Co., Ltd. ("Beijing RYB")		July 3, 2001		PRC		Consolidated VIE		Investment holding and provision of educational services
Beiyao Technology Development Co., Ltd. ("Beiyao")		June 15, 2018		PRC		Consolidated VIE		Investment holding and provision of educational services
Beijing Haidian Distric Bozhi Training School ("Bozhi")		September 28, 2018		PRC		Consolidated VIE		Training Services
VIEs’ major subsidiaries and kindergartens (1):
Shenzhen RYB Children Education Technology Development Co., Ltd.		June 20, 2007		PRC		Consolidated VIE		Sale of educational merchandise and provision of educational services
Hunan RYB Education Development Co., Ltd.		September 22, 2011		PRC		Consolidated VIE		Provision of educational services
Beijing Youer Lezhi Technology Development Co., Ltd.		April 2, 2014		PRC		Consolidated VIE		Play-and-learn centers services
Beijing Qingtian Youpin E-Commerce Co., Ltd.		June 8, 2015		PRC		Consolidated VIE		Sale of educational merchandise
Beijing XueErLe Education Technology Co., Ltd.		December 13, 2016		PRC		Consolidated VIE		Kindergarten services
Beijing RYB Jincheng Technology Development Co., Ltd		August 29, 2017		PRC		Consolidated VIE		Play-and-learn centers services
Beijing Haidian District RYB Multi-Dimension Intelligence Experimental Kindergarten (2)		January 10, 2005		PRC		Consolidated VIE		Kindergarten services
Beijing Fengtai District RYB Multi-Dimension Intelligence Experimental Kindergarten (2)		April 14, 2005		PRC		Consolidated VIE		Kindergarten services
Beijing Development RYB Bilingual Kindergarten (2)		February 21, 2006		PRC		Consolidated VIE		Kindergarten services
Beijing Daxing District RYB Kindergarten (2)		July 17, 2008		PRC		Consolidated VIE		Kindergarten services
Beijing Changping District Huilongguan RYB Kindergarten (2)		November 4, 2008		PRC		Consolidated VIE		Kindergarten services
Beijing Chaoyang District Century Jiahua Kindergarten (2)		August 27, 2009		PRC		Consolidated VIE		Kindergarten services
Beijing Chaoyang District RYB Kindergarten (2)		August 27, 2009		PRC		Consolidated VIE		Kindergarten services
Beijing Chaoyang District RYB Zhongcanyuan Kindergarten (2)		September 14, 2010		PRC		Consolidated VIE		Kindergarten services
Beijing Chaoyang District RYB Xintiandi Kindergarten (2)		April 11, 2011		PRC		Consolidated VIE		Kindergarten services
Beijing Chaoyang District RYB Hepingli Kindergarten (2)		April 11, 2011		PRC		Consolidated VIE		Kindergarten services
Beijingn Chaoyang District RYB Dongba Kindergarten (2)		July 5, 2011		PRC		Consolidated VIE		Kindergarten services
Dalian Jinzhou New District RYB Hongxinghai Kindergarten (2)		November 20, 2011		PRC		Consolidated VIE		Kindergarten services
Changsha Kaifu District RYB Kindergarten (2)		March 30, 2012		PRC		Consolidated VIE		Kindergarten services
Beijing Shidaixinyuan Kindergarten (2)		September 12, 2012		PRC		Consolidated VIE		Kindergarten services
Hefei Faneng Sunshine Beach Kindergarten (2)		January 18, 2013		PRC		Consolidated VIE		Kindergarten services
Guiyang Guanshanhu District RYB Jinyuan Kindergarten		June 3, 2013		PRC		Consolidated VIE		Kindergarten services
Beijing Chaoyang District Jingsong RYB Kindergarten (2)		July 5, 2013		PRC		Consolidated VIE		Kindergarten services
Changsha Kaifu District Vanke City RYB Kindergarten (2)		January 8, 2014		PRC		Consolidated VIE		Kindergarten services
Changzhou Wujin District RYB New City Villa Kindergarten (2)		February 17, 2014		PRC		Consolidated VIE		Kindergarten services
Qingdao Shibei District RYB Vanke City Kindergarten (2)		February 21, 2014		PRC		Consolidated VIE		Kindergarten services
Guangzhou Liwan District RYB Tangning Garden Kindergarten (2)		May 1, 2014		PRC		Consolidated VIE		Kindergarten services
Jinan Licheng District RYB Wanxiang New Sky Kindergarten (2)		October 30, 2014		PRC		Consolidated VIE		Kindergarten services
Xiamen Siming District RYB Yongniantianshu Kindergarten (2)		July 10, 2015		PRC		Consolidated VIE		Kindergarten services
Beijing Guofengmeitang Kindergarten (2)		September 14, 2015		PRC		Consolidated VIE		Kindergarten services
Beijing Chaoyang District RYB Zhuhuanian Kindergarten (2)		October 10, 2015		PRC		Consolidated VIE		Kindergarten services
Beijing Fangshan District RYB ChangyangPeninsula Kindergarten (2)		May 3, 2016		PRC		Consolidated VIE		Kindergarten services
Beijing FangShan District RYB XinYueDu Kindergarten (2)		October 8, 2016		PRC		Consolidated VIE		Kindergarten services
Jinan Licheng District Wangsheren Street RYB Kindergarten (2)		October 30, 2016		PRC		Consolidated VIE		Kindergarten services
Beijing Shunyi District RYB City Garden Kindergarten (2)		November 1, 2016		PRC		Consolidated VIE		Kindergarten services
Beijing Mentougou District RYB Yongsheng Jiayuan Kindergarten (2)		November 16, 2016		PRC		Consolidated VIE		Kindergarten services
Beijing Haidian District RYB Yidongyuan Kindergarten (2)		December 15, 2016		PRC		Consolidated VIE		Kindergarten services
Beijing Xicheng District RYB Kindergarten (2)		January 16, 2017		PRC		Consolidated VIE		Kindergarten services
Shenyang Hunnan District RYB Shouchuang International City Kindergarten (2)		February 22, 2017		PRC		Consolidated VIE		Kindergarten services

(1) The net revenues generated from these major subsidiaries and kindergartens accounted for approximately 70% of Group’s total net revenues for the year ended December 31, 2018. The English name is for identification purpose only.

(2) These kindergartens are established and controlled by Beijing RYB or its subsidiaries. Under PRC laws and regulations, entities who establish kindergartens are commonly referred to as "sponsors" instead of "owners" or "shareholders". The economic substance of "sponsorship" in respect of kindergartens is substantially similar to that of ownership with respect to legal, regulatory and tax matters.

Schedule of consolidated assets and liabilities, operating results and cash flows of the Company's VIE and VIE's subsidiaries and kindergartens

		As of December 31,
		2017		2018
Cash and cash equivalents		64,626		41,133
Prepaid expenses and other current assets		9,392		11,101
Total current assets		78,594		58,503
Total assets		133,897		157,834
Total current liabilities		92,537		101,966
Total liabilities		118,068		120,766

		For the years ended December 31,
		2016		2017		2018
Net revenues		107,747		140,012		155,946
Net income		7,378		17,925		14,610
Net cash provided by (used in) operating activities		32,181		25,453		(2,159)
Net cash used in investing activities		(12,119)		(7,573)		(18,866)
Net cash provided by financing activities		1,422		381		436
Effects of exchange rate changes		(2,572)		3,609		(2,701)

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Tabular disclosure of the Company's subsidiary, its Variable Interest Entity (VIE) and VIE's significant subsidiaries and kindergartens.

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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.

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