PREPAID EXPENSES AND OTHER CURRENT ASSETS (Tables)
 12 Months Ended
Dec. 31, 2017
PREPAID EXPENSES AND OTHER CURRENT ASSETS [Abstract]  
Schedule of Prepaid Expenses and Other Current Assets
Prepaid expenses and other current assets consist of the following:
 
 
 
 
 
December 31,
 
 
 
 
 
2016
 
2017
 
 
 
 
 
RMB
 
RMB
 
Prepaid expenses and other current assets:
 
 
 
 
 
 
 
 
 
Prepaid rental expenses
 
 
 
 
25,038
 
 
43,283
 
Interest receivable from time deposits
 
 
 
 
5,945
 
 
12,495
 
Prepaid advertising deposits
 
 
 
 
11,875
 
 
12,325
 
Prepaid advertising expenses
 
 
 
 
14,193
 
 
26,393
 
Prepaid value-added tax
 
 
 
 
50,587
 
 
28,616
 
Housing loans made to employees
 
(a)
 
 
4,968
 
 
11,859
 
Staff advances
 
(b)
 
 
1,404
 
 
2,136
 
Others
 
(c)
 
 
12,078
 
 
19,253
 
Total prepaid expenses and other current assets
 
 
 
 
126,088
 
 
156,360
 
 
 
(a)
The Company provides one-year housing loans to the employees to help them finance their purchase of apartments. Starting from 2016, the Company also began to provide five-year loans to the employees, which amounted to RMB12,751 and RMB16,814 in 2016 and 2017 respectively. These loans provided to employees were recognized in investing activities in the statements of cash flows. As of December 31, 2016 and 2017, the balance of the five-year loans to the employees were RMB 12,751 and RMB 29,565 respectively, and were included in other non-current assets.
 
(b)
Staff advances are provided to staff for traveling and related expenses and are expensed when incurred.
 
(c)
Others mainly represent other deposits, professional fees and other miscellaneous prepaid expenses.