v2.3.0.11

Prepayments and Other Current Assets | 12 Months Ended
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Dec. 31, 2010
Prepayments and Other Current Assets [Abstract] |
PREPAYMENTS AND OTHER CURRENT ASSETS |
6. |  | PREPAYMENTS AND OTHER CURRENT ASSETS
|  | Prepayments and other current assets consist of the following:
|  | December 31, |
|  | 2009 |  |  | 2010 |
|  | (RMB) |  |  | (RMB) |  |  | (US$) |
Prepaid expenses (1) |  |  | 22,486,679 |  |  |  | 18,133,877 |  |  |  | 2,747,557 |
Staff advances (2) |  |  | 4,587,742 |  |  |  | 6,768,392 |  |  |  | 1,025,514 |
Advances to suppliers |  |  | 6,703,688 |  |  |  | 9,143,899 |  |  |  | 1,385,439 |
Rental deposits |  |  | 1,651,186 |  |  |  | 1,814,117 |  |  |  | 274,866 |
Prepaid game distribution license fee (3) |  |  | 5,341,373 |  |  |  | 12,914,265 |  |  |  | 1,956,707 |
Tax receivable |  |  | 10,729,546 |  |  |  | 950,286 |  |  |  | 143,983 |
VAT refundable |  |  | 32,167,993 |  |  |  | 22,705,555 |  |  |  | 3,440,236 |
Funds in transit in establishing new subsidiaries |  |  | 4,060,000 |  |  |  | — |  |  |  | — |
Interest receivable |  |  | 33,226,350 |  |  |  | 18,792,361 |  |  |  | 2,847,327 |
Proceeds receivable on deconsolidation of a subsidiary (Note 5) |  |  | — |  |  |  | 28,625,000 |  |  |  | 4,337,121 |
Advances to shareholder of Huayi Juren Information |  |  | — |  |  |  | 7,500,000 |  |  |  | 1,136,364 |
Others |  |  | 4,567,729 |  |  |  | 5,379,656 |  |  |  | 815,099 |
Total |  |  | 125,522,286 |  |  |  | 132,727,408 |  |  |  | 20,110,213 |
(1) |  | Prepaid expenses mainly relate to prepayments for Internet Data Center (“IDC”) services or space rental and facilities.
(2) |  | Staff advances relates to cash advances given to certain employees for use during business operations and are recognized as sales and marketing expenses when expended.
(3) |  | In January 2010, and February 2010, respectively, the Group entered into agreements with third parties to license online games. As part of the agreements, the Group is required to make upfront payments for the licenses. As of December 31, 2010, the Group has paid RMB12,914,265 (US$1,950,000) in upfront payments, which is being recorded as a prepaid game distribution license fee.

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