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PREPAID EXPENSES AND OTHER CURRENT ASSETS (Tables)
9 Months Ended
Sep. 30, 2014
PREPAID EXPENSES AND OTHER CURRENT ASSETS  
Schedule of components of prepaid expenses and other current assets

 

 

 

December 31,

 

September 30,

 

 

 

2013

 

2014

 

 

 

 

 

 

 

Prepaid film costs on behalf of other investors (i)

 

2,980 

 

5,807 

 

Rental deposits and prepaid rental expenses

 

3,268 

 

3,869 

 

Loans and interest receivables from producers of TV series and films (ii)

 

3,425 

 

2,980 

 

Amounts due from third parties (iii)

 

2,366 

 

1,887 

 

Prepaid film costs (iv)

 

2,327 

 

1,319 

 

Deposits paid for acquisition of property and equipment

 

195 

 

1,115 

 

Promotion and print costs paid on behalf of film producers (v)

 

953 

 

1,000 

 

Advances to employees

 

725 

 

701 

 

Interests receivable

 

63 

 

623 

 

Prepaid advertising expenses

 

454 

 

262 

 

Prepaid business tax

 

 

 

Other prepaid expenses

 

566 

 

793 

 

Total

 

17,326 

 

20,360 

 

 

(i)

Prepaid film costs on behalf of other investors represent amounts paid for film production which will be reimbursed by other co-investors.

 

(ii)

Loans and interest receivables from producers of TV series and films represent the Group’s investments in TV series and films, which have fixed rate of returns ranged from 7.2% to 20%. The balance was net of allowance for doubtful accounts of $148 and $1,685 as of December 31, 2013 and September 30, 2014, respectively.

 

(iii)

Amounts due from third parties mainly represent amount paid for film production which will be reimbursed by film producers.

 

(iv)

Prepaid film costs represent amounts paid to secure the service of individuals to be the directors or actors or actresses of films over the next year. Prepaid film costs will be included in the production costs and amortized on a film-by-film basis upon the completion of related films.

 

(v)

Promotion and print costs paid on behalf of film producers represent amounts paid for promotion and print costs which will be reimbursed by film producers. The balance was net of allowance for doubtful accounts of $5 and nil as of December 31, 2013 and September 30, 2014, respectively.