|
INCOME TAXES (Tables)
|
12 Months Ended |
|
Dec. 31, 2013
|
| INCOME TAXES |
|
| Schedule of Loss from continuing operations before income tax expense |
|
|
|
For the years ended December 31, |
|
|
|
|
2011 |
|
2012 |
|
2013 |
|
|
|
|
RMB’000 |
|
RMB’000 |
|
RMB’000 |
|
US$’000 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Non-PRC |
|
1,236 |
|
888 |
|
(6,777 |
) |
(1,120 |
) |
|
PRC |
|
(1,605 |
) |
(11,586 |
) |
(26,157 |
) |
(4,320 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(369 |
) |
(10,698 |
) |
(32,934 |
) |
(5,440 |
) | |
| Schedule of income tax expense |
|
|
|
For the years ended December 31, |
|
|
|
|
2011 |
|
2012 |
|
2013 |
|
|
|
|
RMB’000 |
|
RMB’000 |
|
RMB’000 |
|
US$’000 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Current |
|
13,188 |
|
17,490 |
|
(11,809 |
) |
(1,951 |
) |
|
Deferred |
|
(2,043 |
) |
(11,197 |
) |
13,104 |
|
2,165 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
11,145 |
|
6,293 |
|
1,295 |
|
214 |
| |
| Schedule of reconciliation of tax computed by applying the statutory income tax rate to income tax expense |
|
|
|
For the years ended December 31, |
|
|
|
|
2011 |
|
2012 |
|
2013 |
|
|
|
|
RMB’000 |
|
RMB’000 |
|
RMB’000 |
|
US$’000 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Loss from continuing operations before income tax expense |
|
(369 |
) |
(10,698 |
) |
(32,934 |
) |
(5,440 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
Income tax computed at PRC statutory tax rate of 25% |
|
(93 |
) |
(2,674 |
) |
(8,233 |
) |
(1,360 |
) |
|
Preferential tax rates |
|
(948 |
) |
83 |
|
(50 |
) |
(8 |
) |
|
International rate differences |
|
7,327 |
|
4,376 |
|
4,459 |
|
737 |
|
|
Additional 50% tax deduction for qualified research and development expenses |
|
(2,660 |
) |
(4,915 |
) |
(7,227 |
) |
(1,194 |
) |
|
Non-deductible expenses |
|
11,304 |
|
10,454 |
|
22,164 |
|
3,661 |
|
|
Other permanent difference |
|
— |
|
(6,626 |
) |
— |
|
— |
|
|
Effect of changes in tax rates on deferred taxes |
|
(1,586 |
) |
3,779 |
|
3,947 |
|
652 |
|
|
Changes in unrecognized tax benefits |
|
(480 |
) |
— |
|
— |
|
— |
|
|
Changes in the valuation allowance |
|
(1,719 |
) |
276 |
|
(2,123 |
) |
(351 |
) |
|
Effect of changes in tax rates on prior year tax |
|
— |
|
— |
|
(11,642 |
) |
(1,923 |
) |
|
Deferred tax adjustment |
|
— |
|
1,540 |
|
— |
|
— |
|
|
|
|
|
|
|
|
|
|
|
|
|
Income tax expense |
|
11,145 |
|
6,293 |
|
1,295 |
|
214 |
| |
| Schedule of the components of deferred tax assets and liabilities |
|
|
|
For the years ended December 31, |
|
|
|
|
2012 |
|
2013 |
|
|
|
|
(RMB’000) |
|
(RMB’000) |
|
(US$’000) |
|
|
|
|
|
|
|
|
|
|
|
Deferred tax assets: |
|
|
|
|
|
|
|
|
Current: |
|
|
|
|
|
|
|
|
- Allowance for doubtful accounts |
|
6,096 |
|
1,266 |
|
209 |
|
|
- Deferred Revenue |
|
840 |
|
2,436 |
|
402 |
|
|
- Accruals |
|
6,690 |
|
3,394 |
|
561 |
|
|
Less: valuation allowance |
|
— |
|
— |
|
— |
|
|
|
|
|
|
|
|
|
|
|
Net current deferred tax assets |
|
13,626 |
|
7,096 |
|
1,172 |
|
|
|
|
|
|
|
|
|
|
|
Non-current: |
|
|
|
|
|
|
|
|
- Tax losses |
|
6,481 |
|
394 |
|
65 |
|
|
- Property and equipment |
|
2,202 |
|
1,719 |
|
284 |
|
|
Less: valuation allowance |
|
(2,517 |
) |
(394 |
) |
(65 |
) |
|
|
|
|
|
|
|
|
|
|
Net non-current deferred tax assets |
|
6,166 |
|
1,719 |
|
284 |
|
|
|
|
|
|
|
|
|
|
|
Total Deferred tax assets |
|
19,792 |
|
8,815 |
|
1,456 |
|
|
|
|
|
|
|
|
|
|
|
Deferred tax liabilities: |
|
|
|
|
|
|
|
|
Non-current: |
|
|
|
|
|
|
|
|
- Property and equipment |
|
— |
|
2,127 |
|
351 |
|
|
|
|
|
|
|
|
|
|
|
Net non-current deferred tax liabilities |
|
— |
|
2,127 |
|
351 |
|
|
|
|
|
|
|
|
|
|
|
Total Deferred tax liabilities |
|
— |
|
2,127 |
|
351 |
| |
| Schedule of roll-forward of accrued unrecognized tax benefits |
|
|
|
December 31, |
|
|
|
|
2012 |
|
2013 |
|
|
|
|
RMB’000 |
|
RMB’000 |
|
US$’000 |
|
|
|
|
|
|
|
|
|
|
|
Balance–beginning |
|
23,850 |
|
21,563 |
|
3,562 |
|
|
Increase based on tax positions related to the current year |
|
3,169 |
|
16,694 |
|
2,757 |
|
|
Decrease based on tax positions related to the current year |
|
(5,456 |
) |
(13,956 |
) |
(2,305 |
) |
|
|
|
|
|
|
|
|
|
|
Balance–ending |
|
21,563 |
|
24,301 |
|
4,014 |
| |