Exhibit 99.1
IFM Investments Limited
Condensed Consolidated Balance Sheets
(in thousands)
December 31, | June 30, | June 30, | ||||||||||
2014 | 2015 | 2015 | ||||||||||
RMB | RMB | US$ | ||||||||||
Audited | Unaudited | Unaudited | ||||||||||
ASSETS | ||||||||||||
Current assets: | ||||||||||||
Cash and cash equivalents | 47,616 | 34,286 | 5,530 | |||||||||
Restricted cash | 8,903 | 6,835 | 1,102 | |||||||||
Accounts receivable, net | 156,786 | 130,873 | 21,109 | |||||||||
Amounts due from related parties | 237 | 264 | 43 | |||||||||
Loans receivable | 259,738 | 273,248 | 44,072 | |||||||||
Prepaid expenses and other current assets | 20,998 | 26,953 | 4,347 | |||||||||
Deferred tax assets | 14,437 | 13,795 | 2,225 | |||||||||
Total current assets | 508,715 | 486,254 | 78,428 | |||||||||
Non-current assets: | ||||||||||||
Investment in associates | 17,062 | 18,009 | 2,905 | |||||||||
Property and equipment, net | 18,129 | 14,469 | 2,334 | |||||||||
Intangible assets, net | 79,877 | 77,462 | 12,494 | |||||||||
Goodwill | 83,559 | 83,559 | 13,477 | |||||||||
Other non-current assets | 15,379 | 12,142 | 1,958 | |||||||||
Deferred tax assets | 3,566 | 4,837 | 780 | |||||||||
Total assets | 726,287 | 696,732 | 112,376 | |||||||||
LIABILITIES, REDEEMABLE NON-CONTROLLING INTEREST AND SHAREHOLDERS' EQUITY | ||||||||||||
Current liabilities: | ||||||||||||
Accounts payable | 8,821 | 8,732 | 1,408 | |||||||||
Accrued expenses and other current liabilities | 429,376 | 418,925 | 67,568 | |||||||||
Amounts due to related parties | 11,782 | 10,782 | 1,739 | |||||||||
Deferred revenue | 7,815 | 1,059 | 171 | |||||||||
Short term loan | 4,900 | 4,990 | 805 | |||||||||
Contingent consideration payable | 5,623 | 5,623 | 907 | |||||||||
Total current liabilities | 468,317 | 450,111 | 72,598 | |||||||||
Long-term deposits payable | 10,430 | 9,937 | 1,603 | |||||||||
Deferred tax liabilities | 15,008 | 14,662 | 2,365 | |||||||||
Total liabilities | 493,755 | 474,710 | 76,566 | |||||||||
Shareholders' equity: | ||||||||||||
Class A ordinary shares (US$0.001 par value, 3,133,000 and 3,133,000 shares authorized as of December 31, 2014 and June 30, 2015, respectively; 669,233 and 669,233 shares issued and outstanding as of December 31, 2014 and June 30, 2015, respectively) | 4,949 | 4,949 | 798 | |||||||||
Additional paid-in capital | 1,036,336 | 1,036,402 | 167,162 | |||||||||
Statutory reserves | 5,595 | 5,595 | 902 | |||||||||
Accumulated deficit | (856,209 | ) | (866,463 | ) | (139,752 | ) | ||||||
Total IFM Investments Limited shareholders' equity | 190,671 | 180,483 | 29,110 | |||||||||
Non-controlling interest | 41,861 | 41,539 | 6,700 | |||||||||
Total shareholders' equity | 232,532 | 222,022 | 35,810 | |||||||||
TOTAL LIABILITIES, REDEEMABLE NON-CONTROLLING INTEREST AND SHAREHOLDERS' EQUITY | 726,287 | 696,732 | 112,376 |