| Aug'18 | Aug'17 | |||||
|---|---|---|---|---|---|---|
Cash flows from operating activities | ||||||
Net income for the year | ||||||
36,442 | 29,112 | |||||
Adjustments to reconcile net cash flows from operating activities: | ||||||
Depreciation | ||||||
11,463 | 11,297 | |||||
Amortization of land use right | ||||||
142 | 148 | |||||
Amortization of acquired intangible assets | ||||||
969 | 402 | |||||
Exchange loss | ||||||
713 | - | |||||
Income on disposal of property and equipment | ||||||
-17 | -12 | |||||
Share of equity in income of unconsolidated affiliates | ||||||
6 | - | |||||
Share-based compensation | ||||||
4,255 | - | |||||
Gain on disposal of subsidiaries | ||||||
358 | - | |||||
Investment income | ||||||
2,815 | 2,035 | |||||
Deferred income taxes | ||||||
980 | 148 | |||||
Changes in operating assets and liabilities and other, net: | ||||||
Accounts receivable | ||||||
62 | -331 | |||||
Inventories | ||||||
69 | -149 | |||||
Amounts due from related parties | ||||||
1,123 | 365 | |||||
Other receivables, deposits and other assets | ||||||
2,042 | 179 | |||||
Accounts payable | ||||||
-401 | 2,208 | |||||
Amounts due to related parties | ||||||
-859 | 214 | |||||
Accrued expenses and other current liabilities | ||||||
7,455 | 10,488 | |||||
Deferred revenue | ||||||
27,903 | 14,642 | |||||
Other assets and liabilities | ||||||
1,471 | -3,990 | |||||
Net cash provided by operating activities | ||||||
81,145 | - | |||||
Cash flows from investing activities | ||||||
Net cash provided by operating activities | ||||||
- | 70,562 | |||||
Purchase of held-to-maturity investments | ||||||
209,077 | 28,230 | |||||
Purchase of debt investments | ||||||
68,668 | 118,383 | |||||
Purchase of long-term investments | ||||||
27,953 | - | |||||
Proceeds from disposal of held-to-maturity investments | ||||||
211,620 | 32,765 | |||||
Proceeds from disposal of debt investment | ||||||
69,875 | 119,541 | |||||
Payment for acquisition deposits | ||||||
1,296 | 11,952 | |||||
Additions of property and equipment | ||||||
17,211 | 14,739 | |||||
Proceeds from sale of property and equipment | ||||||
126 | 11 | |||||
Acquisition of subsidiaries, net of cash acquired of RMB 6,899, RMB 651 and RMB 60,155 in 2016, 2017 and 2018, respectively | ||||||
26,292 | 322 | |||||
Disposal of subsidiaries | ||||||
298 | - | |||||
Advances to related parties | ||||||
- | 21,940 | |||||
Repayments from related parties | ||||||
- | 34,792 | |||||
Net cash provided by/(used in) investing activities | ||||||
-69,174 | - | |||||
Cash flows from financing activities | ||||||
Net cash (used in)/provided by investing activities | ||||||
- | -8,457 | |||||
Proceeds from capital contribution | ||||||
- | 546 | |||||
Proceeds from initial public offering, net of offering cost paid of RMB 3,226 in 2017 | ||||||
- | 174,218 | |||||
Proceeds from follow-on offering, net of offering cost paid of RMB 5,996 in 2018 | ||||||
168,624 | - | |||||
Advances from related parties | ||||||
- | 10,832 | |||||
Payment for the consideration for the transfer of schools as a result of Reorganization | ||||||
- | 557 | |||||
Repayments to related parties | ||||||
- | 8,753 | |||||
Repurchase of ordinary shares | ||||||
15,950 | - | |||||
Proceeds from bank borrowings | ||||||
7,297 | - | |||||
Net cash (used in)/provided by financing activities | ||||||
159,971 | - | |||||
Net cash provided by/(used in) financing activities | ||||||
- | 176,286 | |||||
Net increase in cash and cash equivalents, and restricted cash | ||||||
171,942 | 238,391 | |||||
Effect of exchange rate changes on cash and cash equivalents and restricted cash | ||||||
13,625 | -5,539 | |||||
Supplemental disclosure of cash flow information: | ||||||
Income tax paid | ||||||
9,537 | 2,486 | |||||
Non-cash investing activities: | ||||||
Acquisition of additional interest in subsidiaries of non-controlling interests | ||||||
- | 2,385 | |||||
Distribution to owners under group Reorganization | ||||||
- | 4,882 | |||||
Other payable related to cost of initial public offering | ||||||
- | -156 | |||||
Other payable related to stock repurchase | ||||||
-822 | - | |||||
Accounts payable balance for acquisition of property and equipment | ||||||
842 | 4,292 | |||||
Amounts due to related parties balance for acquisition of property and equipment | ||||||
4,080 | 282 | |||||