| PAYABLES AND ACCRUED EXPENSES |
| 14. |
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PAYABLES AND ACCRUED EXPENSES |
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Payables and accrued expenses consist of the following: |
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December 31, |
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2009 |
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2010 |
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(RMB) |
|
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(RMB) |
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(US$) |
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Payroll and welfare payables
|
|
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48,737,038 |
|
|
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53,966,217 |
|
|
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8,176,700 |
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Business tax, related
surcharges and other taxes
|
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32,810,237 |
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35,985,994 |
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5,452,423 |
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Other payables
|
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- computer equipment
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598,340 |
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2,488,295 |
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377,014 |
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- stock option (Note a)
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1,850,210 |
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4,675,495 |
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708,408 |
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Funds received in advance
from individual investors in
establishing new subsidiaries
|
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5,213,000 |
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— |
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— |
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Accrued expenses
|
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23,126,307 |
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27,384,398 |
|
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4,149,152 |
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Customer deposit
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— |
|
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8,000,000 |
|
|
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1,212,121 |
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Professional fee accruals
|
|
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6,735,399 |
|
|
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7,627,340 |
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1,155,658 |
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Others
|
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1,967,459 |
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4,308,283 |
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652,770 |
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Total
|
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121,037,990 |
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144,436,022 |
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21,884,246 |
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| a) |
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Starting from 2008, the Company used a broker to facilitate the cashless exercise of
share options by employees. As of December 31, 2009 and 2010, the share options proceeds
received from broker and payable to employees totaled RMB1,850,210 and RMB4,675,495
(US$708,408), respectively, which is recorded in other payables. |
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