XML 71 R31.htm IDEA: XBRL DOCUMENT v2.4.0.6
INVESTMENT IN NON-CONSOLIDATED AFFILIATES (Tables)
12 Months Ended
Dec. 31, 2012
Schedule of Equity Method Investments [Line Items]  
Schedule of Investment in Equity Affiliate
    December 31,  
    2011     2012  
2010 Affiliate Company     12,926,810       13,103,822  
2011 Affiliate Company     2,621,838       -  
First 2012 Affiliate Company     -       -  
Second 2012 Affiliate Company     -       28,927,154  
Total carrying value     15,548,648       42,030,976  

 

2010 Affiliate Company [Member]
 
Schedule of Equity Method Investments [Line Items]  
Schedule of Investment in Equity Affiliate
    December 31,  
    2011     2012  
Balance at the beginning of the year     12,680,000       12,926,810  
                 
Share of net income in non-consolidated affiliate     249,810       180,012  
Amortization of identifiable intangible assets, net of tax     (3,000 )     (3,000 )
Total booked value under equity method     246,810       177,012  
                 
Carrying value at the end of the year     12,926,810       13,103,822  

 

2011 Affiliate Company [Member]
 
Schedule of Equity Method Investments [Line Items]  
Schedule of Investment in Equity Affiliate
    December 31,  
    2011     2012  
Balance at the beginning of the year     -       2,621,838  
                 
Investment in non-consolidated affiliate     3,500,000       -  
Disposal of investment in non-consolidated affiliate     -       (2,190,117 )
Total investment in non-consolidated affiliate     3,500,000       (2,190,117 )
                 
Share of net loss in non-consolidated affiliate     (878,162 )     (431,721 )
                 
Carrying value at the end of the year     2,621,838       -  

 

First Two Thousand Twelve Affiliate Company Bad [Member]
 
Schedule of Equity Method Investments [Line Items]  
Schedule of Investment in Equity Affiliate
    December 31,  
    2012  
Investment in non-consolidated affiliate - cost        
Balance at the beginning of the year     -  
Investment in non-consolidated affiliate     5,600,000  
Total investment in non-consolidated affiliate - cost     5,600,000  
         
Share of net loss in non-consolidated affiliate     (787,758 )
Impairment of investment in non-consolidated affiliate     (4,812,242 )
Carrying value at the end of the year     -  

 

Second Two Thousand Twelve Affiliate Company Bad [Member]
 
Schedule of Equity Method Investments [Line Items]  
Schedule of Investment in Equity Affiliate
    December 31,  
    2012  
Investment in non-consolidated affiliate - cost        
Balance at the beginning of the year     -  
Investment in non-consolidated affiliate     28,927,154  
Share of net income in non-consolidated affiliate     -  
Carrying value at the end of the year     28,927,154  

 

Schedule of Purchase Price Allocation
    Fair value  
    RMB  
Fair value of net assets acquired     752,396  
Identifiable intangible assets     10,180,016  
Deferred tax liabilities arising from the acquisition     (2,545,004 )
Goodwill     20,539,746  
Total purchase price     28,927,154  

 

Schedule of Intangible Assets, Finite and Indefinite
    Fair value      
    RMB     Useful lives
Trade name     10,180,016     Indefinite