| Payables and Accrued Expenses |
| 14. |
PAYABLES AND ACCRUED
EXPENSES |
Payables and
accrued expenses consist of the following:
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
December 31, |
|
| |
|
2010 |
|
|
2011 |
|
| |
|
(RMB) |
|
|
(RMB) |
|
|
(US$) |
|
|
|
|
|
|
Payroll and welfare
payables
|
|
|
53,966,217 |
|
|
|
54,073,187 |
|
|
|
8,591,364 |
|
|
Business tax, related
surcharges and other taxes
|
|
|
35,985,994 |
|
|
|
43,899,929 |
|
|
|
6,974,996 |
|
|
Other payables
|
|
|
|
|
|
|
|
|
|
|
|
|
|
- Property and equipment
and intangible assets
|
|
|
2,488,295 |
|
|
|
7,653,313 |
|
|
|
1,215,989 |
|
|
- stock option
(1)
|
|
|
4,675,495 |
|
|
|
11,753,633 |
|
|
|
1,867,464 |
|
|
Accrued expenses
|
|
|
27,384,398 |
|
|
|
51,905,425 |
|
|
|
8,246,941 |
|
|
Customer deposit
|
|
|
8,000,000 |
|
|
|
— |
|
|
|
— |
|
|
Professional fee
accruals
|
|
|
7,627,340 |
|
|
|
— |
|
|
|
— |
|
|
Others
|
|
|
4,308,283 |
|
|
|
2,325,398 |
|
|
|
369,470 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
|
|
|
144,436,022 |
|
|
|
171,610,885 |
|
|
|
27,266,224 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| (1) |
Starting from 2008, the
Company used a broker to facilitate the cashless exercise of share
options by employees which results in the Group receiving stock
options proceeds from the broker and a related pass through
proceeds amount due to employees, which is recorded within other
payables. |
|