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CONSOLIDATED BALANCE SHEETS
¥ in Thousands, $ in Thousands
Dec. 31, 2018
CNY (¥)
Dec. 31, 2018
USD ($)
Dec. 31, 2017
CNY (¥)
Current assets:      
Cash and cash equivalents ¥ 211,436 $ 30,752 ¥ 195,303
Restricted cash 30,072 4,374 2,350
Short term investments, available for sale 47,208 6,866 128,042
Short term investments, held to maturity 70,000 10,181 93,000
Accounts receivable, net 18,132 2,637 24,511
Amounts due from a related party 1,105 161 0
Prepaid and other current assets, net 134,770 19,601 129,517
Loan receivable, current 42,677 6,207 0
Total current assets 555,400 80,779 572,723
Non-current assets:      
Property and equipment, net 165,933 24,134 168,423
Land use rights, net 1,804 262 1,848
Intangible assets, net 92,412 13,441 96,769
Goodwill 73,166 10,642 73,166
Deferred tax assets, net 10,240 1,490 8,222
Long-term loan receivables 0 0 42,677
Other non-current assets, net 11,264 1,638 13,592
Total non-current assets 354,819 51,607 404,697
Total assets 910,219 132,386 977,420
Current liabilities:      
Deferred revenue (including consolidated VIE amount without recourse to the Company of RMB 109,878 and RMB 116,753 as of December 31, 2017 and 2018, respectively) 124,250 18,071 114,396
Accounts payable (including consolidated VIE amount without recourse to the Company of RMB 19,809 and RMB 8,996 as of December 31, 2017 and 2018, respectively) 13,583 1,977 23,414
Accrued and other liabilities (including consolidated VIE amount without recourse to the Company of RMB 219,009 and RMB 192,302 as of December 31, 2017 and 2018, respectively) 256,325 37,270 418,998
Borrowing from third party, current 41,179 6,000 0
Income taxes payable (including consolidated VIE amount without recourse to the Company of RMB 201,810 and RMB 206,871 as of December 31, 2017 and 2018, respectively) 207,114 30,123 202,314
Amounts due to related parties (including consolidated VIE amount without recourse to the Company of RMB 3,430 and RMB 2,417 as of December 31, 2017 and 2018, respectively) 2,696 392 3,430
Total current liabilities 645,147 93,833 762,552
Non-current liabilities:      
Long-term borrowings from third party 0 0 39,205
Consideration payable for acquisitions 1,322 192 6,766
Other non-current liabilities 979 142 2,938
Total non-current liabilities 2,301 334 48,909
Total liabilities 647,448 94,167 811,461
Commitments and contingencies
EQUITY      
Preferred shares (US$ 0.003 par value; 1,666,667 shares authorized, nil issued and outstanding as of December 31, 2017 and 2018) 0 0 0
Additional paid-in capital 3,507,123 510,090 3,456,307
Statutory reserve 20,149 2,931 20,036
Accumulated deficit (3,271,838) (475,869) (3,316,715)
Accumulated other comprehensive income 8,305 1,208 6,876
Total Ambow Education Holding Ltd.'s equity 264,557 38,479 167,234
Non-controlling interests (1,786) (260) (1,275)
Total equity 262,771 38,219 165,959
Total liabilities and equity 910,219 132,386 977,420
Common Class A [Member]      
EQUITY      
Ordinary shares 728 106 640
Total equity 728   640
Common Class C [Member]      
EQUITY      
Ordinary shares 90 $ 13 90
Total equity ¥ 90   ¥ 90