Vision - Alibaba
Vision - Alibaba
Vision - Alibaba
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18 PREPAYMENTS, DEPOSITS AND OTHER RECEIVABLES<br />
Notes to the Financial Statements<br />
Group<br />
2007 2006<br />
RMB’000 RMB’000<br />
Non-current portion<br />
Loans to employees (Notes 25 and 33(f)) 27,067 —<br />
Current portion<br />
Prepaid advertising and promotion expenses 1,943 13,453<br />
Deposits for purchases of property and equipment 3,857 2,055<br />
Rental and other deposits 5,598 4,150<br />
Prepaid rentals 6,831 3,844<br />
Interest income receivables 20,920 8,331<br />
Advances to staff 1,955 1,568<br />
Others 7,039 2,988<br />
48,143 36,389<br />
Total 75,210 36,389<br />
The fair value of loans to employees was determined using discounted cash fl ows at a market rate of 7.56%,<br />
which was equivalent to the effective interest rate on the loans.<br />
Company<br />
2007 2006<br />
RMB’000 RMB’000<br />
Interest income receivables 7,131 —<br />
Others 706 395<br />
7,837 395<br />
127