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CONSOLIDATED BALANCE SHEETS
¥ in Thousands
Dec. 31, 2015
USD ($)
Dec. 31, 2015
CNY (¥)
Dec. 31, 2014
CNY (¥)
Current assets      
Cash and cash equivalents $ 91,746,000 ¥ 594,312 ¥ 929,829
Short-term deposits 4,000
Accounts receivable $ 53,798,000 ¥ 348,494 204,541
Amounts due from related parties 1,652,000 10,702 16,277
Prepayments and other current assets 51,008,000 330,420 ¥ 189,424
Deferred tax assets 510,000 3,304
Total current assets 198,714,000 1,287,232 ¥ 1,344,071
Non-current assets      
Equity investments 14,559,000 94,308 26,801
Prepayments and other non-current assets 4,601,000 29,802 46,256
Available-for-sale securities 12,970,000 84,016 19,852
Property and equipment, net 2,612,000 16,917 15,901
Intangible assets, net 73,562,000 476,521 ¥ 97,505
Deferred tax assets 157,000 1,020
Goodwill 9,291,000 60,189
Total non-current assets 117,752,000 762,773 ¥ 206,315
Total assets 316,466,000 2,050,005 1,550,386
Current liabilities      
Short-term bank loans (including short-term bank loans of the consolidated variable interest entities and VIE's subsidiaries without recourse to the Company of RMB20,000,000 and RMB110,000,000 as of December 31, 2014 and 2015, respectively) 16,981,000 110,000 20,000
Deferred revenue (including deferred revenue of the consolidated variable interest entities and VIE's subsidiaries without recourse to the Company of RMB41,411,000 and RMB68,044,000 as of December 31, 2014 and 2015, respectively) 11,041,000 71,524 41,411
Accounts payable (including accounts payable of the consolidated variable interest entities and VIE's subsidiaries without recourse to the Company of RMB163,072,000 and RMB127,367,000 as of December 31, 2014 and 2015, respectively) 32,731,000 212,023 182,663
Income tax payable (including income tax payable of the consolidated variable interest entities and VIE's subsidiaries without recourse to the Company of RMBnil and RMB29,685,000 as of December 31, 2014 and 2015, respectively) 5,703,000 36,941 5,781
Accruals and other current liabilities (including accruals and other current liabilities of the consolidated variable interest entities and VIE's subsidiaries without recourse to the Company of RMB40,897,000 and RMB64,367,000 as of December 31, 2014 and 2015, respectively) 10,529,000 68,202 47,286
Amounts due to related parties (including amounts due to related parties of the consolidated variable interest entities and VIE's subsidiaries without recourse to the Company of RMB10,000,000 and RMB14,000,000 as of December 31, 2014 and 2015, respectively) 2,161,000 14,000 18,706
Total current liabilities 79,146,000 512,690 315,847
Non-current liabilities      
Deferred tax liabilities 10,047,000 65,083 [1] ¥ 27,005 [1]
Deferred government subsidies 1,502,000 9,730
Contingent deferred consideration 2,533,000 16,409
Total non-current liabilities 14,082,000 91,222 ¥ 27,005
Total liabilities $ 93,228,000 ¥ 603,912 ¥ 342,852
Commitments and contingencies
Shareholders' equity      
Ordinary shares (US$0.0001 par value; 500,000,000 shares authorized as of December 31, 2014 and 2015, 173,912,753 shares issued and outstanding as of December 31, 2014 , 185,912,753 shares issued and 181,218,545 shares outstanding as of December 31, 2015) $ 17,000 ¥ 112 ¥ 107
Treasury stock (nil and 4,694,208 shares as of December 31, 2014 and 2015, respectively) (1,425,000) (9,232)
Additional paid-in capital 395,997,000 2,565,182 ¥ 2,460,677
Statutory reserves 808,000 5,237 5,237
Accumulated deficit (185,423,000) (1,201,135) (1,248,020)
Accumulated other comprehensive (loss)/income 10,136,000 65,662 (10,693)
Total iDreamSky Technology Limited shareholders' equity 220,110,000 1,425,826 1,207,308
Non-controlling interests 3,128,000 20,267 226
Total shareholders' equity 223,238,000 1,446,093 1,207,534
Total liabilities and shareholders' equity $ 316,466,000 2,050,005 ¥ 1,550,386
Series A convertible redeemable preferred shares [Member]      
Mezzanine equity      
Mezzanine equity   3,270  
Series A-1 convertible redeemable preferred shares [Member]      
Mezzanine equity      
Mezzanine equity   51,452  
Series B convertible redeemable preferred shares [Member]      
Mezzanine equity      
Mezzanine equity [2]   578,156  
Series B-1 convertible redeemable preferred shares [Member]      
Mezzanine equity      
Mezzanine equity   256,958  
Series C convertible redeemable preferred shares [Member]      
Mezzanine equity      
Mezzanine equity   ¥ 646,340  
[1] Shenzhen iDreamSky obtained the relevant approval from relevant tax bureau that it is exempt from CIT for two years, followed by a 50% reduction in the applicable tax rates for the next three years, commencing from the first year of profitable operation after offsetting tax losses generated from prior years. As a result, Shenzhen iDreamSky for 2013 and 2014 were zero, and therefore, no deferred tax assets for the accrued expense and others not currently deductible for tax purposes in relation to Shenzhen iDreamSky were recognized as at December 31, 2014. In 2015, the effective tax rate of Shenzhen iDreamSky was 12.5%, and therefore, the relevant deferred tax assets in relation to Shenzhen iDreamSky were recognized as at December 31, 2015.
[2] The proceeds included the fair value allocated to warrants granted to Series B Preferred Shares Investors as of the issuance date.