ORGANIZATION AND PRINCIPAL ACTIVITIES (Tables)

12 Months Ended

Dec. 31, 2013

ORGANIZATION AND PRINCIPAL ACTIVITIES

Schedule of the entity's subsidiaries and VIE and VIE's significant subsidiaries

As of December 31, 2013, details of the Company’s subsidiaries and VIE and VIE’s significant subsidiaries and schools were as follows:

		Place of
	Incorporation	establishment/
Name	or acquisition date	incorporation	Legal ownership

Subsidiaries:
Xuecheng Century (Beijing) Information Technology Co., Ltd. (“Xuecheng Century”)	Aug 17, 2009	PRC	100%
China Xueda Corporation Limited (“Xueda HK”)	May 13, 2009	Hong Kong	100%
Beijing Xueda Education & Training Consulting Co., Ltd.	Oct 31, 2011	PRC	100%

VIE:
Beijing Xueda Information Technology Co., Ltd. (“Xueda Information”)	Jul 13, 2009	PRC	Nil*

VIE’s significant subsidiaries and schools:
Taiyuan Xueda Education & Training School(1)	Dec 8, 2008	PRC	Nil*
Nanchang Xueda Education & Training School(1)	Apr 20, 2009	PRC	Nil*
Qingdao Xueda Pre-exam Tutoring School(1)	Jun 10, 2009	PRC	Nil*
Suzhou Xuecheng Information Technology Co., Ltd.	Sep 28, 2009	PRC	Nil*
Wuhan Xueda Information Technology Co., Ltd.	Oct 12, 2009	PRC	Nil*
Wuxi Xueda Information Technology Co., Ltd.	Oct 15, 2009	PRC	Nil*
Hohhot Xueda Information Technology Co., Ltd.	Oct 21, 2009	PRC	Nil*
Tianjin Xueda Educational Information Consulting Co., Ltd.	Oct 26, 2009	PRC	Nil*
Beijing Xuecheng Shidai Information Technology Co., Ltd.	Oct 28, 2009	PRC	Nil*
Changsha Xuezhi Information Technology Co., Ltd.	Nov 3, 2009	PRC	Nil*
Kunming Xueda Information Technology Co., Ltd.	Nov 6, 2009	PRC	Nil*
Guangzhou Xueda Educational Technology Co., Ltd.	Nov 24, 2009	PRC	Nil*
Shenzhen Xueda Information Technology Co., Ltd.	Nov 25, 2009	PRC	Nil*
Chengdu Xueda Information Technology Co., Ltd.	Nov 30, 2009	PRC	Nil*
Jinan Xueda Education & Training School(1)	Dec 17, 2009	PRC	Nil*
Beijing Xicheng Xueda Training School(1)	Feb 1, 2010	PRC	Nil*
Dalian Shahekou Xueda Education & Training School(1)	Mar 5, 2010	PRC	Nil*
Hangzhou Xueda Education Consulting Co., Ltd.	Mar 9, 2010	PRC	Nil*
Beijing Weland International Education and Technology Corp.	Jun 1, 2012	PRC	Nil*
Guiyang Xueda Information Technology Co., Ltd.	Apr 9, 2010	PRC	Nil*
Fuzhou Gulou Xueda Education & Training School(1)	Apr 26, 2010	PRC	Nil*
Shijiazhuang Yuhua District Xueda Education & Training School(1)	Apr 26, 2010	PRC	Nil*
Beijing Dongcheng Xueda Training School(1)	May 27, 2010	PRC	Nil*
Changchun Xueda Education & Training School(1)	Jun 11, 2010	PRC	Nil*
Xi’an Xueda Education & Training School(1)	Jun 18, 2010	PRC	Nil*
Shenyang Xueda Education & Training School(1)	Aug 10, 2010	PRC	Nil*
Nanjing Xueda Education & Training School(1)	Sep 30, 2010	PRC	Nil*
Nantong Chongchuan District Xueda Education Training School(1)	Nov 19, 2010	PRC	Nil*
Xi’an Beilin District Xueda Education Training School(1)	Dec 14, 2010	PRC	Nil*
Shanghai Jinshan District Xueda Education School of Continuing Studies(1)	Dec 16, 2010	PRC	Nil*
Hefei Xueda Education Training Department(1)	Dec 27, 2010	PRC	Nil*
Beijing Chaoyang Xueda Training School(1)	Jan 25, 2011	PRC	Nil*
Xi’an Yanta Xueda Education & Training School(1)	Feb 24, 2011	PRC	Nil*
Beijing Haidian Xueda Training School(1)	May 31, 2011	PRC	Nil*

* These entities are controlled by the Company pursuant to the contractual arrangements disclosed below.

(1) These private schools are established and controlled by Xueda Information or its subsidiaries. Under PRC laws and regulations, entities who establish private schools are commonly referred to as “sponsors” instead of “owners” or “shareholders”. The economic substance of “sponsorship” in respect of private schools is substantially similar to that of ownership with respect to legal, regulatory and tax matters.

Schedule of financial information of the entity's VIE and VIE's subsidiaries

	2012		2013

Cash and cash equivalents	61,418		56,947
Prepaid expense and other current assets	11,402		12,902
Total current assets	107,348		129,836
Total assets	154,133		175,603
Deferred revenue	133,792		133,854
Total current liabilities	132,407		142,539
Total liabilities	161,313		172,522
Total equity	(7,180	)	3,081

	Years ended December 31,
	2011		2012		2013

Net revenues	223,379		294,047		347,047
Net (loss) income	(2,056	)	6,282		10,089
Net cash provided by operating activities	17,355		48,370		43,003
Net cash used in investing activities	(7,095	)	(37,363	)	(48,532	)

- Definition

Tabular disclosure of the significant judgments and assumptions made in determining whether a variable interest (as defined) held by the entity requires the variable interest entity (VIE) (as defined) to be consolidated and (or) disclose information about its involvement with the VIE, individually or in aggregate (as applicable); the nature of restrictions, if any, on the consolidated VIE's assets and on the settlement of its liabilities reported by an entity in its statement of financial position, including the carrying amounts of such assets and liabilities; the nature of, and changes in, the risks associated with involvement in the VIE; how involvement with the VIE affects the entity's financial position, financial performance, and cash flows; the lack of recourse if creditors (or beneficial interest holders) of the consolidated VIE have no recourse to the general credit of the primary beneficiary (if applicable); the terms of arrangements, giving consideration to both explicit arrangements and implicit variable interests, if any, that could require the entity to provide financial support to the VIE, including events or circumstances that could expose the entity to a loss; the methodology used by the entity for determining whether or not it is the primary beneficiary of the variable interest entity; the significant factors considered and judgments made in determining that the power to direct the activities of a VIE that most significantly impact the VIE's economic performance are shared (as defined); the carrying amounts and classification of assets and liabilities of the VIE included in the statement of financial position; the entity's maximum exposure to loss, if any, as a result of its involvement with the VIE, including how the maximum exposure is determined and significant sources of the entity's exposure to the VIE; a comparison of the carrying amounts of the assets and liabilities and the entity's maximum exposure to loss; information about any liquidity arrangements, guarantees, and (or) other commitments by third parties that may affect the fair value or risk of the entity's variable interest in the VIE; whether or not the entity has provided financial support or other support (explicitly or implicitly) to the VIE that it was not previously contractually required to provide or whether the entity intends to provide that support, including the type and amount of the support and the primary reasons for providing the support; and supplemental information the entity determines necessary to provide.

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