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Condensed Financial Information of the Company | 12 Months Ended
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Dec. 31, 2019
Condensed Financial Information of the Company |
Condensed Financial Information of the Company | 21. Condensed Financial Information of the Company The condensed financial information of the Company has been prepared in accordance with SEC Regulation S-X Rule 5-04 and Rule 12-04, using the same accounting policies as set out in the Group’s consolidated financial statements, except that the Company uses the equity method to account for investments in its subsidiaries, VIE and VIE’ subsidiaries. The subsidiaries did not pay any dividend to the Company for the year presented. Certain information and footnote disclosures generally included in financial statements prepared in accordance with U.S. GAAP have been condensed or omitted. The footnote disclosures contain supplemental information relating to the operations of the Company, as such, these statements are not the general-purpose financial statements of the reporting entity and should be read in conjunction with the notes to the consolidated financial statements of the Group. The Company did not have significant capital and other commitments or guarantees as of December 31, 2019. Condensed Balance Sheet
|  | December 31, |  | December 31,
|  | 2019 |  | 2019
|  | RMB’000 |  | US$’000
|  |  |  | (Note 2 e)
Current assets: |  |  |  |
Cash and cash equivalents |  | 159,038 |  | 22,844
Receivables due from related parties |  | 28 |  | 4
Prepayments and other current assets |  | 109 |  | 16
Non‑current assets: |  |  |  |
Equity method investments |  | 511,340 |  | 73,450
Total assets |  | 670,515 |  | 96,314
Current liabilities: |  |  |  |
Amount due to inter-company entities |  | 15,761 |  | 2,264
Accrued liabilities and other payables |  | 17,545 |  | 2,520
Total liabilities |  | 33,306 |  | 4,784
Commitments and Contingencies (Note 17) |  |  |  |
Shareholder's equity： |  |  |  |
Class A ordinary shares (US$0.0001 par value per share; 4,903,917,300 shares authorized, 841,275,820 shares issued and outstanding as of December 31, 2019) |  | 613 |  | 88
Class B ordinary shares (US$0.0001 par value per share; 96,082,700 shares authorized, 96,082,700 shares issued and outstanding as of December 31, 2019) |  | 66 |  | 10
Additional paid-in capital |  | 2,000,267 |  | 287,320
Treasury stock (US$ 0.0001 par value; 2,561,468 shares as of December 31, 2019) |  | (2,333) |  | (334)
Accumulated deficit |  | (1,358,350) |  | (195,115)
Accumulated other comprehensive loss |  | (3,054) |  | (439)
Total 36Kr Holdings Inc.'s shareholders’ equity |  | 637,209 |  | 91,530
Total liabilities and shareholders’ equity |  | 670,515 |  | 96,314
Condensed Statement of Operations and Comprehensive Loss
|  | For the year ended December 31,
|  | 2019 |  | 2019
|  | RMB’000 |  | US$’000
|  |  |  | (Note 2 e)
Operating expenses: |  |  |  |
General and administrative expenses |  | (2,435) |  | (350)
Total operating expenses |  | (2,435) |  | (350)
Loss from operations |  | (2,435) |  | (350)
Other income/(expenses): |  |  |  |
Share of loss from equity method investments |  | (23,797) |  | (3,418)
Interest income |  | 484 |  | 70
Interest expense |  | (73) |  | (10)
Others, net |  | 66 |  | 9
Loss before income tax |  | (25,755) |  | (3,699)
Income tax expense |  | — |  | —
Net loss |  | (25,755) |  | (3,699)
Accretion on redeemable non-controlling interests to redemption value |  | (1,808) |  | (260)
Accretion of convertible redeemable preferred shares to redemption value |  | (449,130) |  | (64,513)
Re-designation of Series A-1 into Series B-3 convertible redeemable preferred shares |  | (26,787) |  | (3,848)
Re-designation of ordinary shares into Series A-1, A-2, B-1, B-2, B-3 convertible redeemable preferred shares, and issuance of Series A-1, A-2, B-1, B-2, B-3 convertible redeemable preferred shares |  | (309,984) |  | (44,526)
Re-designation of ordinary shares into Series C-2 convertible redeemable preferred shares |  | (36,977) |  | (5,311)
Net loss attributable to 36Kr Holdings Inc.’s ordinary shareholders |  | (850,441) |  | (122,157)
Condensed Statement of Cash Flows
|  | For the year ended December 31,
|  | 2019 |  | 2019
|  | RMB’000 |  | US$’000
|  |  |  | (Note 2 e)
Net cash used in operating activities |  | (1,604) |  | (231)
Net cash used in investing activities |  | (123,599) |  | (17,754)
Net cash provided by financing activities |  | 284,489 |  | 40,864
Effect of exchange rate changes on cash, and cash equivalents held in foreign currencies |  | (248) |  | (35)
Net increase in cash and cash equivalents |  | 159,038 |  | 22,844
Cash and cash equivalents at beginning of the year |  | — |  | —
Cash and cash equivalents at end of the year |  | 159,038 |  | 22,844

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- Definition The entire disclosure for condensed financial information, including the financial position, cash flows, and the results of operations of the registrant (parent company) as of the same dates or for the same periods for which audited consolidated financial statements are being presented. Alternatively, the details of this disclosure can be reported by the specific parent company taxonomy elements, indicating the appropriate date and period contexts in an instance document. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e24072-122690 Reference 2: http://www.xbrl.org/2003/role/recommendedDisclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=108774443&loc=d3e5283-111683 + Details
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