XML 38 R25.htm IDEA: XBRL DOCUMENT v3.3.1.900
Income Taxes (Tables)
12 Months Ended
Dec. 31, 2014
Income Tax Disclosure [Abstract]  
Components of Profit (Loss) from Operations Before Income Tax

The components of profit (loss) from operations before income tax are as follows:

 

     Year ended December 31,  
     2012      2013      2014      2014  
     Rmb      Rmb      Rmb      US$  

The PRC

     —           —           —           —     

All other jurisdictions

     2,931         9,938         (2,490      (402
  

 

 

    

 

 

    

 

 

    

 

 

 
     2,931         9,938         (2,490      (402
  

 

 

    

 

 

    

 

 

    

 

 

 

Income tax expense consists of:

 

     Year ended December 31,  
     2012      2013      2014      2014  
     Rmb      Rmb      Rmb      US$  

Current

     —           —           —           —     

Deferred

     —           —           —           —     
  

 

 

    

 

 

    

 

 

    

 

 

 
     —           —           —           —     
  

 

 

    

 

 

    

 

 

    

 

 

 
Schedule of Tax Impact on Deferred Tax Asset and Liability

The tax impact of temporary differences gives rise to the following deferred tax asset and liability:

 

     2013      2014      2014  
     Rmb      Rmb      US$  

Current deferred tax asset:

        

Tax losses

     20,502         21,230         3,422   

Valuation allowances

     (20,502      (21,230      (3,422
  

 

 

    

 

 

    

 

 

 
     —           —           —     
  

 

 

    

 

 

    

 

 

 
Schedule of Movement in Valuation Allowance

Movement in valuation allowance:

 

     2013      2014      2014  
     Rmb      Rmb      US$  

At the beginning of the year

     21,949         20,502         3,304   

Current year movement

     (1,447      728         118   
  

 

 

    

 

 

    

 

 

 

At the end of the year

     20,502         21,230         3,422   
  

 

 

    

 

 

    

 

 

 
Reconciliation of Effective Income Tax Rate Based on Profit (Loss) from Operations before Income Taxes to Statutory Income Tax Rates

The reconciliation of the effective income tax rate based on profit (loss) from operations before income taxes to the statutory income tax rates in Hong Kong is as follows:

 

     Year ended December 31,  
     2012     2013     2014  

Profits tax rate in Hong Kong

     16.5     16.5     16.5

Permanent differences relating to non-taxable income and non-deductible expenses

     (24.3 %)      (5.4 %)      1.7

Change in valuation allowance

     7.8     (11.1 %)      (18.2 %) 
  

 

 

   

 

 

   

 

 

 

Effective tax rate

     —          —          —