| Schedule of Prepayments and Other Assets |
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(In thousands)
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December 31, 2014 |
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December 31, 2015 |
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Current portion:
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Advance to suppliers
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520 |
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882
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Interest-free loans to employees (note a)
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3,625 |
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3,200
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Low-interest loans to employees, current portion (note b)
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64 |
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—
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Advance to employees for business purposes
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585 |
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957
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Interest receivable
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5,380 |
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564
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Rental and other deposits
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774 |
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224
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Prepayment for share repurchase plan (note c)
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1,000 |
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712
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Prepaid game sharing costs
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458 |
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—
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Prepaid professional fees
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900 |
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—
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Prepaid management insurance
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179 |
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209
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Receivable from Nesound (note d)
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— |
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4,004 |
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Prepayment for taxation
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— |
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2,041 |
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Others
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405 |
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275
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Total of prepayments and other current assets
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13,890 |
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13,068
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Non-current portion:
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Prepayments for online game licenses
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5,346 |
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4,786
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Long term receivable
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— |
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1,812 |
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Low-interest loans to employees, non-current portion (note b)
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449 |
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833
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Total of long-term prepayments and other assets
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5,795 |
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7,431
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| Note a: |
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The Group had entered into loan contracts with certain employees as at December 31, 2014 and 2015, under which the Group provided interest-free loans to these employees. The loan amounts vary amongst different employees and are repayable on demand.
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| Note b: |
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The Group had entered into loan contracts with certain employees as at December 31, 2014 and 2015, under which the Group provided low-interest loans to these employees. The loan amounts vary amongst different employees and are repayable in equal instalments on a monthly basis over the term of 10 years.
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| Note c: |
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In December 2014, the Company announced a share repurchase program to purchase up to USD 20 million shares and prepaid USD 1 million to a security broker for this program. In December 2015, the Company announced a share repurchase program to purchase up to USD 20 million shares and prepaid USD 0.7 million to a security broker for this program.
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| Note d. |
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The Group sold Kankan to Nesound in July 2015. There is a balance receivable remaining amounted USD 4,004 thousand which would be paid to the Group one year after the closing date.
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