Tarena International, Inc. - 20-F filing on 2018-04-30

PARENT ONLY FINANCIAL INFORMATION (Tables)

12 Months Ended

Dec. 31, 2017

	December 31,
	2016		2017
	RMB		RMB
ASSETS
Current assets:
Cash and cash equivalents		43,770		17,658
Time deposits		242,795		65,342
Prepaid expenses and other current assets		1,855		970
Total current assets		288,420		83,970
Investments and loans to subsidiaries		1,316,552		1,595,299
Total assets		1,604,972		1,679,269
LIABILITIESAND SHAREHOLDERS’ EQUITY
Current liabilities:
Accrued expenses and other current liabilities		3,409		24,454	⁽¹⁾
Total current liabilities		3,409		24,454
Other non-current liabilities		3,343		630
Total liabilities		6,752		25,084

Commitments and contingencies		—		—

Shareholders’ equity:
Class A ordinary shares (US$0.001 par value,860,000,000 shares authorized, 48,735,228 and 52,340,176 shares issued, 47,160,248 and 49,009,530 shares outstanding as of December 31, 2016 and 2017, respectively)		302		327
Class B ordinary shares (US$0.001 par value, 40,000,000 shares authorized, 8,895,249 shares and 7,206,059 shares issued and outstanding as of December 31, 2016 and 2017, respectively)		86		74
Treasury shares (1,574,980 and 3,330,646 class A ordinary shares as of December 31, 2016 and 2017, respectively, at cost)		(93,761)		(255,103)
Additional paid-in capital		995,216		1,094,872
Accumulated other comprehensive income		58,204		54,122
Retained earnings		638,173		759,893
Total shareholders’ equity		1,598,220		1,654,185
Total liabilities and shareholders’ equity		1,604,972		1,679,269

	Year Ended December 31,
	2015		2016		2017
	RMB		RMB		RMB
General and administrative expenses		(4,241)		(4,477)		(5,218)
Operating loss		(4,241)		(4,477)		(5,218)
Equity in income of subsidiaries		194,914		253,396		184,042
Foreign currency exchange losses		(31,923)		(4,753)		(422)
Interest income		17,610		8,027		2,327
Loss on foreign currency forward contract		—		(12,898)		—
Other income		2,400		2,559		4,078
Income before income taxes		178,760		241,854		184,807
Income tax expense		—		—		—
Net income		178,760		241,854		184,807
Other comprehensive income (loss)
Foreign currency translation adjustment, net of nil income tax		34,748		22,972		(13,832)
Unrealized holding gains on available for sale securities, net of RMB42 and RMB2,818 income taxes for the year 2016 and 2017		—		5,235		26,246
Less: Reclassification adjustment for gains on available for sale securities realized in net income, net of RMB42 and RMB2,818 income taxes for the year 2016 and 2017		—		(235)		(16,496)
Comprehensive income		213,508		269,826		180,725

	Year Ended December 31,
	2015		2016		2017
	RMB		RMB		RMB
Operating activities:
Net cash provided by (used in) operating activities		9,770		(10,272)		(17,594)

Investing activities:
Purchase of time deposits		(588,426)		(298,688)		(196,771)
Proceeds from maturity of time deposits		603,501		620,607		363,533
Investments made to subsidiaries		—		(198,137)		—
Foreign currency exchange losses		—		—		10,691
Net cash provided by investing activities		15,075		123,782		177,453
Financing activities:

Advances from a related party		1,432		—		—
Repayment of advances from a related party		(1,432)		—		—
Issuance of Class A ordinary shares in connection with exercise of share options		22,456		20,388		22,254
Payment of dividends		—		(54,026)		(63,087)
Repurchase of treasury shares		(49,355)		(44,406)		(143,389)

Net cash used in financing activities		(26,899)		(78,044)		(184,222)
Changes in cash and cash equivalents		(2,054)		35,466		(24,363)
Effect of foreign currency exchange rate changes on cash and cash equivalents		398		2,029		(1,749)
Net increase (decrease) in cash and cash equivalents		(1,656)		37,495		(26,112)
Cash and cash equivalents at beginning of year		7,931		6,275		43,770
Cash and cash equivalents at end of year		6,275		43,770		17,658
Non-cash financing activities:
Payable for repurchase of treasury shares		-		-		17,953