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Consolidated Statements of Comprehensive Income
In Thousands, except Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2012
USD ($)
Dec. 31, 2012
CNY
Dec. 31, 2011
CNY
Dec. 31, 2010
CNY
Revenues:        
Net advertising revenues $ 97,937 [1] 610,160 [1] 465,824 [1] 204,369 [1]
Paid service revenues 80,391 [1] 500,844 [1] 484,768 [1] 324,326 [1]
Total revenues 178,328 [1] 1,111,004 [1] 950,592 [1] 528,695 [1]
Cost of revenues (101,330) [1] (631,299) [1] (554,676) [1] (299,423) [1]
Gross profit 76,998 479,705 395,916 229,272
Operating expenses:        
Sales and marketing expenses (31,627) [1] (197,038) [1] (164,082) [1] (76,152) [1]
General and administrative expenses (17,132) [1] (106,736) [1] (77,078) [1] (39,955) [1]
Technology and product development expenses (14,654) [1] (91,292) [1] (69,021) [1] (31,012) [1]
Total operating expenses (63,413) [1] (395,066) [1] (310,181) [1] (147,119) [1]
Income from operations 13,585 84,639 85,735 82,153
Other income:        
Interest income 5,276 32,869 9,682 582
Foreign currency exchange gain 304 1,897 19,343 313
Others, net 792 4,931 2,861 1,534
Income before tax 19,957 124,336 117,621 84,582
Income tax expense (2,725) (16,977) (15,146) (10,499)
Net income attributable to Phoenix New Media Limited 17,232 107,359 102,475 74,083
Accretion to convertible redeemable preferred share redemption value 0 0 (773,623) (206,409)
Income allocation to participating preferred shares 0 0 (6,172) (33,093)
Net (loss)/income attributable to ordinary shareholders 17,232 107,359 (677,320) (165,419)
Net income attributable to Phoenix New Media Limited 17,232 107,359 102,475 74,083
Other comprehensive loss, net of tax: foreign currency translation adjustment (317) (1,979) (33,968) (4,462)
Comprehensive income attributable to Phoenix New Media Limited 16,915 105,380 68,507 69,621
Net (loss)/income attributable to ordinary shareholders $ 17,232 107,359 (677,320) (165,419)
[1] Revenues, cost of revenues and operating expenses include transactions with related parties as follows: 2010 2011 2012 2012 RMB RMB RMB US$ Net advertising revenues 4,824 26,201 35,438 5,688 Paid service revenues 294,027 445,096 429,125 68,879 Cost of revenues (38,800 ) (73,833 ) (67,481 ) (10,831 ) Sales and marketing expenses (438 ) (663 ) (916 ) (147 ) General and administrative expenses (617 ) (1,139 ) (646 ) (104 ) Technology and product development expenses (314 ) (533 ) - -