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Licensed Copyrights, Net (Tables) - Licensed Copyrights
12 Months Ended
Dec. 31, 2019
Finite Lived License Agreements [Line Items]  
Schedule of Licensed Copyrights, Net

 

 

 

As of December 31, 2018

 

 

 

Gross carrying

value

 

 

Accumulated

amortization

 

 

Impairment

amount

 

 

Net carrying

value

 

 

 

RMB

 

 

RMB

 

 

RMB

 

 

RMB

 

Licensed copyrights

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

—Broadcasting rights

 

 

24,568,598

 

 

 

(16,859,719

)

 

 

(136,706

)

 

 

7,572,173

 

—Sublicensing rights

 

 

3,466,207

 

 

 

(3,233,631

)

 

 

 

 

 

232,576

 

 

 

 

28,034,805

 

 

 

(20,093,350

)

 

 

(136,706

)

 

 

7,804,749

 

Less: current portion:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

—Broadcasting rights

 

 

6,588,538

 

 

 

(5,545,886

)

 

 

(111,389

)

 

 

931,263

 

—Sublicensing rights

 

 

3,466,207

 

 

 

(3,233,631

)

 

 

 

 

 

232,576

 

 

 

 

10,054,745

 

 

 

(8,779,517

)

 

 

(111,389

)

 

 

1,163,839

 

Licensed copyrights—non current

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

—Broadcasting rights

 

 

17,980,060

 

 

 

(11,313,833

)

 

 

(25,317

)

 

 

6,640,910

 

—Sublicensing rights

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

17,980,060

 

 

 

(11,313,833

)

 

 

(25,317

)

 

 

6,640,910

 

 

 

 

As of December 31, 2019

 

 

 

Gross carrying

value

 

 

Accumulated

amortization

 

 

Impairment

amount

 

 

Net carrying value

 

 

 

RMB

 

 

RMB

 

 

RMB

 

 

RMB

 

 

US$

 

Licensed copyrights

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

—Broadcasting rights

 

 

32,038,423

 

 

 

(24,500,895

)

 

 

(25,317

)

 

 

7,512,211

 

 

 

1,079,061

 

—Sublicensing rights

 

 

4,632,586

 

 

 

(4,632,586

)

 

 

 

 

 

 

 

 

 

 

 

 

36,671,009

 

 

 

(29,133,481

)

 

 

(25,317

)

 

 

7,512,211

 

 

 

1,079,061

 

Less: current portion:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

—Broadcasting rights

 

 

11,752,412

 

 

 

(10,502,214

)

 

 

(25,317

)

 

 

1,224,881

 

 

 

175,943

 

—Sublicensing rights

 

 

4,632,586

 

 

 

(4,632,586

)

 

 

 

 

 

 

 

 

 

 

 

 

16,384,998

 

 

 

(15,134,800

)

 

 

(25,317

)

 

 

1,224,881

 

 

 

175,943

 

Licensed copyrights—non current

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

—Broadcasting rights

 

 

20,286,011

 

 

 

(13,998,681

)

 

 

 

 

 

6,287,330

 

 

 

903,118

 

—Sublicensing rights

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

20,286,011

 

 

 

(13,998,681

)

 

 

 

 

 

6,287,330

 

 

 

903,118

 

Summary of Estimated Amortization Expense Relating to Licensed Copyrights Estimated amortization expense relating to the existing licensed copyrights for each of the next five years is as follows:

 

 

 

RMB

 

 

US$

 

Within 1 year

 

 

4,758,670

 

 

 

683,540

 

Between 1 and 2 years

 

 

1,761,470

 

 

 

253,019

 

Between 2 and 3 years

 

 

795,881

 

 

 

114,321

 

Between 3 and 4 years

 

 

196,190

 

 

 

28,181

 

Between 4 and 5 years

 

 

-

 

 

 

-