NTES » Topics » 6. Allowance for Doubtful Accounts

This excerpt taken from the NTES 20-F filed Jun 29, 2006.

6. Allowance for Doubtful Accounts

Movements of the allowance for doubtful accounts for the years ended December 31, 2004 and 2005 were as follows:

 

    

Balance at

January 1

   Charged to
cost and
expenses
  

Write-off of

receivable balances
and corresponding
provisions

   Balance at
December 31
     RMB    RMB    RMB    RMB

2004

   10,157,789    7,953,883    —      18,111,672

2005

   18,111,672    3,561,765    —      21,673,437
This excerpt taken from the NTES 6-K filed Apr 29, 2005.

7. Allowance for Doubtful Accounts

 

Movements of the allowance for doubtful accounts for the years ended December 31, 2003 and 2004 were as follows:

 

     Balance at
January 1


   Charged to cost and
expenses


   Write-off of
receivable balances
and corresponding
provisions


  

Balance at

December 31


     RMB    RMB    RMB    RMB

2003

   8,703,307    3,551,682    2,097,200    10,157,789

2004

   10,157,789    7,953,883    —      18,111,672

 

Upon the adoption of FIN 46 and consolidation of Guangzhou NetEase and Guangyitong Advertising in January 2004, amounts due from/ to these two related parties were eliminated in the consolidated financial statements of the Company. The major effect of consolidation of these companies on the Company’s consolidated financial statements was the recognition of the VIEs’ accounts receivable, deferred revenue and taxes payable and others, and a corresponding elimination of the due to and due from related parties balances. The net effect on shareholders’ equity was nil. The following figures represent the due from and due to related parties balances as of December 31, 2003, and the corresponding balances of accounts receivable, deferred revenue and taxes payable and others on the balance sheet of the VIEs as of that date:

 

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Table of Contents
This excerpt taken from the NTES 20-F filed Jan 24, 2005.

8. Allowance for Doubtful Accounts

 

Movements of the allowance for doubtful accounts for the years ended December 31, 2002 and 2003 were as follows:

 

    

Balance at

January 1


   Charged to cost and
expenses


   Write-off of
receivable balances
and corresponding
provisions


  

Balance at

December 31


     RMB    RMB    RMB    RMB

2002

   7,447,775    3,254,783    1,999,251    8,703,307

2003

   8,703,307    3,551,682    2,097,200    10,157,789

 

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