XML 105 R13.htm IDEA: XBRL DOCUMENT v3.20.1
Other receivables and prepayments, net
 12 Months Ended
Dec. 31, 2019
Other receivables and prepayments, net  
Other receivables and prepayments, net
6.
Other receivables and prepayments, net
Components of other receivables and prepayments are as follows:
 
As of December 31,
 
  
2018
 
  
2019
 
  
RMB
 
  
RMB
 
Deposits (Note a)
   
436,402
     
324,018
 
VAT
 and EIT
recoverable
   
770,949
     
1,567,589
 
Interest receivable
   
100,402
     
22,578
 
Advances to suppliers related to financing activities (Note b)
   
1,269,898
     
37,442
 
Prepayment to suppliers related to procurement activities
    
707,233
     
593,117
 
Prepaid expense
   
119,436
     
62,160
 
Others
   
230,024
     
324,877
 
                 
Subtotal
   
3,634,344
     
2,931,781
 
                 
Less: allowance for doubtful accounts
   
(39,608
 )    
(33,888
) 
                 
Total
   
3,594,736
     
2,897,893
 
                 
Note:
  (a) Deposits consist of amounts paid to vendors for advertising and rentals.
  (b)
The Group provides financing to some of its suppliers by advancing them cash, and holds portions of accounts payables the Group owed to them as pledges with interest bearing from 8% to 18%.
The movement of allowance for doubtful debts during the years are as follow:
 
Year ended December 31,
 
  
2017
 
  
2018
 
  
2019
 
  
RMB
 
  
RMB
 
  
RMB
 
Allowance for doubtful accounts:
   
     
     
 
Balance at beginning of the year
   
(23,418
 )    
(43,097
 )    
(39,608
) 
Provision for allowance during the year
   
(19,679
 )    
(5,220
 )    
(10,456
) 
Write-offs during the year
   
—  
      
8,709
     
16,176
 
                         
Balance at end of the year
   
(43,097
 )    
(39,608
 )    
(33,888
)