Organization and principal activities (Tables)

12 Months Ended

Dec. 31, 2014

Organization and principal activities [Abstract]

Details of The Company's Subsidiaries and Variable Interest Entities

Company Name

Place and date of

incorporation

% of direct or

indirect

economic

ownership

Principal activities

and place of operation

Subsidiaries

iDreamSky HK

Hong Kong/March 6, 2012

100

Investment holding/Hong Kong

IDS Investment Holdings Limited

BVI/September 1, 2014

100

Investment holding/BVI

IDS01 Holdings Limited

BVI/June 26, 2014

100

Investment holding/BVI

IDS02 Holdings Limited

BVI/September 10, 2014

100

Investment holding/BVI

IDS03 Holdings Limited

BVI/September 10, 2014

100

Investment holding/BVI

IDS04 Holdings Limited

BVI/September 10, 2014

100

Investment holding/BVI

IDS05 Holdings Limited

BVI/September 10, 2014

100

Investment holding/BVI

iSkytouch Holdings Limited

BVI/November 24, 2014

83.3

Investment holding/BVI

Chuangmeng Information (the “WFOE 1”)

PRC/April 19, 2012

100

Development of computer
software and provision of
information technology
services/PRC

Qianhai Chuangyi Shikong Technology (Shenzhen) Co., Ltd. (the “WFOE 2”)

PRC/October 17, 2014

100

Development of computer
software and provision of
information technology
services/PRC

VIEs and their subsidiaries

Shenzhen Mengyu

PRC/November 19, 2009

100

Mobile game publishing /PRC

Shenzhen iDreamSky

PRC/February 14, 2011

100

Mobile game publishing /PRC

Beijing Chuangmeng

PRC/January 31, 2012

100

Mobile game publishing /PRC

Shenzhen Yiyou Technology Co., Ltd. (“Yiyou”), a non-wholly-owned subsidiary of Shenzhen iDreamSky

PRC/November 23, 2012

86.5

Game developments/PRC

Shenzhen Zhuoyou Technology Co., Ltd. (“Zhuoyou”), a non-wholly-owned subsidiary of Shenzhen iDreamSky

PRC/December 11, 2013

90.9

Game developments/PRC

Company Name

Place and date of

incorporation

% of direct or

indirect

economic

ownership

Principal activities

and place of operation

VIEs and their subsidiaries

Nanjing Zhuochuang Huyu Information Technology Co., Ltd (“Zhuochuang”), a wholly-owned subsidiary of Shenzhen Mengyu

PRC/March 27, 2014

100

Mobile game publishing/PRC

Shenzhen Lefeng Huyu Technology Co., Ltd (“Lefeng”), a wholly-owned subsidiary of Shenzhen Mengyu

PRC/November 06, 2014

100

Game developments/PRC

Shenzhen Haoyiwan Technology Co., Ltd (“Haoyiwan”), a wholly-owned subsidiary of Lefeng

PRC/December 04, 2014

100

Game developments/PRC

ShenZhen Chenhai Star Technology Co., Ltd (“Chenhai”), a wholly-owned subsidiary of Shenzhen iDreamSky

PRC/December 17, 2014

100

Game developments/PRC


	As of December 31,
	2013			2014
	RMB ‘000			RMB ‘000
Assets
Current assets
Cash and cash equivalents		70,759			56,324
Accounts receivable		76,900			204,818
Amounts due from related parties		56			16,277
Prepayments and other current assets		7,018			178,955
Deferred tax assets		1,262			—

Total current assets		155,995			456,374


Non-current assets
Investments in equity investees		1,330			11,498
Prepayments and other non-current assets		1,630			4,062
Property and equipment, net		8,512			15,888
Intangible assets, net		2,040			82,513

Total non-current assets		13,512			113,961



Total assets		169,507			570,335


Current liabilities
Short-term bank loans		—			(20,000	)
Deferred revenue		—			(41,411	)
Accounts payable		(75,300	)		(163,072	)
Accruals and other current liabilities		(9,038	)		(40,897	)
Amounts due to related parties		(196	)		(10,000	)
Amounts due to other subsidiaries in the Group		(97,126	)		(121,417	)

Total current liabilities		(181,660	)		(396,797	)


Total liabilities		(181,660	)		(396,797	)


Net (liabilities)/assets		(12,153	)		173,538


	Years ended December 31,
	2012			2013			2014
	RMB ‘000			RMB ‘000			RMB ‘000

Revenues		19,378			246,508			984,026
Net (loss)/ income		(5,673	)		(872	)		4,011
Net cash provided by operating activities		14,670			71,758			59,165
Net cash used in investing activities		(4,076	)		(11,963	)		(93,600	)
Net cash (used in)/provided by financing activities		(1,873	)		(743	)		20,000

- 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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