v2.4.0.6
NON CONTROLLING INTERESTS
12 Months Ended
Dec. 31, 2011
NON CONTROLLING INTERESTS
15. NON CONTROLLING INTERESTS

A reconciliation of the carrying amounts of subsidiaries consolidated by the Group and the non controlling interests is as follows:

 

     December 31, 2010     December 31, 2011  
     Group     Non
controlling
Interests
    Group     Non
controlling
Interests
 
     (RMB)     (RMB)     (RMB)     (RMB)  

Beginning balance

     5,047,654        7,608,607        12,460,938        14,782,829   

Equity

     11,059,685        10,737,017        11,910,070        836,998   

Huayi Giant Information

     21,250,000        3,750,000        —          —     

Deconsolidation of Huayi Giant Information

     (21,250,000     (3,750,000     —          —     

Deconsolidation of Juxi Network (Note 4)

     —          —          (1,134,893     (1,091,241

Deconsolidation of Juxian Network (Note 4)

     —          —          (1,319,023     (1,067,296

Consolidation of Juyan Network (1)

         (1,927,203     (1,855,246

Dividend declared by Jujia Network

     —          —          (12,750,000     (12,250,000

Net (loss) income

     (3,646,401     (3,562,795     28,292,434        26,428,994   
  

 

 

   

 

 

   

 

 

   

 

 

 

Ending balance

     12,460,938        14,782,829        35,532,323        25,785,038   
  

 

 

   

 

 

   

 

 

   

 

 

 

Ending balance (US$)

         5,645,518        4,096,830   
      

 

 

   

 

 

 

 

(1) In January 2011, Zhengduo Information acquired the remaining 49% equity interest of Juyan Network at a consideration of RMB approximately 3,500,000 (US$556,000). Subsequent to this acquisition, Juyan Network becomes a wholly-owned subsidiary of Zhengduo Information. This was accounted for as an equity transaction, where the difference between the fair value of the purchase consideration and the carrying amount of non-controlling interest of approximately RMB1,600,000 (US$ 254,000) was recorded as additional paid-in capital.