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SIGNIFICANT ACCOUNTING POLICIES (Tables)
12 Months Ended
Dec. 31, 2020
Significant Accounting Policies  
Schedule of Estimated Useful Lives for Calculation of Depreciation

 

 

 

Buildings

    

20-40 years

Motor vehicles

 

5 years

Office and computer equipment

 

3-10 years

Leasehold improvements

 

Shorter of the remaining lease terms or estimated useful lives

 

Schedule of Original Useful Lives of Intangible Assets

 

 

 

Software

    

2 years to 10 years

Student populations

 

1.8 years to 15 years

Trade names

 

Indefinite

Brand

 

Indefinite

Others

 

1.3 years to 10 years

 

Schedule of Disaggregation of Revenue

 

 

 

 

 

 

 

(RMB in thousands)

 

K‑12

 

CP&CE

 

 

 

    

Schools

    

Programs

    

Consolidated

 

    

RMB

 

RMB

 

RMB

 

 

 

 

 

 

 

Net Revenues in 2018

 

277,790

 

253,718

 

531,508

Net Revenues in 2019

 

313,747

 

270,162

 

583,909

Net Revenues in 2020

 

291,539

 

240,441

 

531,980

 

Schedule of Disaggregation of Deferred Revenue

 

 

 

 

 

 

    

As of December 31, 

 

    

2019

    

2020

 

    

RMB

    

RMB

 

 

 

 

 

K-12 Schools

 

96,301

 

126,564

CP&CE Programs

 

68,810

 

37,135

Total

 

165,111

 

163,699