13.

PREPAYMENTS AND OTHER CURRENT ASSETS

Prepayments and other current assets consisted of the following:

	As of December 31,
	2016		2017
	RMB		RMB
Value-added tax deductible		286,198,731		695,298,614
Deposit for customer duty, bidding and others		154,023,704		276,486,282
Receivable related to disposal of subsidiaries (note 1)		185,380,069		169,931,600
Receivables related to a sales leaseback transaction (note 24)		-		150,000,000
Receivables related to disposal of property, plant and equipment		-		111,500,000
Prepayment for income tax		24,323,033		90,238,235
Receivables of option exercised		6,135,783		39,685,283
Prepaid commission		2,013,070		28,551,662
Rental deposit and prepayment		5,897,704		25,888,619
Prepaid insurance premium		19,237,805		16,388,399
Receivables related to discount from a supplier		-		15,607,413
Receivables related to disposal of land use right		23,172,107		14,571,587
Employee advances		8,584,936		10,576,736
Others		51,677,311		61,992,841
Total		766,644,253		1,706,717,271

Value-added tax deductible represented the balance that the Group can utilize to deduct its value-added tax liability within the next 12 months.

As of December 31, 2016 and 2017, all of the employee advances were business related, interest-free, not collateralized and will be repaid or settled within one year from the respective balance sheet dates.