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v3.21.1

Prepayments and other assets | 12 Months Ended
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Dec. 31, 2020
Disclosure Text Block Supplement [Abstract] |
Prepayments and other assets |
8. | Prepayments and other assets
The prepayments and other assets consist of the following:
|  | As of December 31, |
|  | 2019 |  |  | 2020 |
|  | RMB’000 |  |  | RMB’000 |
Prepayments and other current assets |  |  |  |  |  |  |  |
Receivables from third-party payment channels (i) |  |  | 17,420 |  |  |  | 17,983 |
Cash advanced to employees |  |  | 275 |  |  |  | 517 |
Prepaid advertising and marketing fees |  |  | 8,376 |  |  |  | 1,056 |
Prepaid rental and property management fees |  |  | 12,528 |  |  |  | 3,109 |
Prepayment for purchase of office supplies |  |  | 2,460 |  |  |  | 534 |
Books and other related educational materials (ii) |  |  | 10,131 |  |  |  | 9,254 |
Prepayment for acquisition of subsidiaries |  |  | 4,379 |  |  |  | 3,085 |
Prepaid taxes |  |  | 3,704 |  |  |  | 4,837 |
Others |  |  | 5,517 |  |  |  | 10,283 |
Total |  |  | 64,790 |  |  |  | 50,658 |
Long-term prepayments and other non-current assets |  |  |  |  |  |  |  |
Prepayment for leasehold improvement |  |  | 10,923 |  |  |  | 50 |
Long-term rental deposits |  |  | 51,512 |  |  |  | 40,704 |
Total |  |  | 62,435 |  |  |  | 40,754 |
(i) | The balances represent the course fee for the courses due from third-party payment channels that are mainly due to timing difference between the Group’s receipts from the third-party payment channels versus the third-party payment channels’ cash receipts from the customers.
(ii) | Inventories are stated at the lower of cost and net realizable value. Cost is determined using the first-in, first-out method (FIFO) for all inventories.

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- Definition The entire disclosure for other assets. This disclosure includes other current assets and other noncurrent assets. + References No definition available. + Details
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