424B5
BAIDU, INC. filed this Form 424B5 on 06/26/2017
Entire Document
 


Table of Contents

BAIDU, INC.

NOTES TO THE UNAUDITED INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

 

6. SHARE-BASED COMPENSATION EXPENSES

Total share-based compensation expenses recognized for the three-month periods ended March 31, 2016 and 2017 have been reported in the following accounts:

 

     For the three months ended  
     March 31,
2016
     March 31,
2017
     March 31,
2017
 
     RMB      RMB      US$  
     (In thousands)  
     (unaudited)  

Cost of revenues

     12,421        36,351        5,281  

Selling, general and administrative

     105,036        187,355        27,219  

Research and development

     191,605        407,105        59,145  
  

 

 

    

 

 

    

 

 

 
     309,062        630,811        91,645  
  

 

 

    

 

 

    

 

 

 

 

7. FIXED ASSETS

Fixed assets and the related accumulated depreciation as of December 31, 2016 and March 31, 2017 are as follows:

 

     As of December 31,
2016
     As of March 31,
2017
     As of March 31,
2017
 
     RMB      RMB      US$  
     (In thousands)  
            (unaudited)  

Computer equipment

     15,192,502        15,634,075        2,271,338  

Office building

     3,247,212        3,247,626        471,819  

Office building related facility, machinery and equipment

     1,772,428        1,774,580        257,813  

Vehicles

     45,267        45,744        6,646  

Office equipment

     546,442        581,727        84,514  

Leasehold improvements

     315,745        329,583        47,882  

Construction in progress

     755,037        830,721        120,688  
  

 

 

    

 

 

    

 

 

 
     21,874,633        22,444,056        3,260,700  

Accumulated depreciation

     (10,580,285      (11,299,292      (1,641,575
  

 

 

    

 

 

    

 

 

 
     11,294,348        11,144,764        1,619,125  
  

 

 

    

 

 

    

 

 

 

 

8. LOANS PAYABLE

Short-term Loans

On July 11, 2016, the Company entered into a banking facility agreement with China Merchants Bank (Beijing Branch), pursuant to which the Company is entitled to borrow an unsecured RMB denominated loan of RMB200.00 million (US$29.06 million) for one year with a fixed annual interest rate at benchmark one-year lending rate published by the People’s Bank of China. This facility is reserved for the consumer credit business exclusively. On July 19, 2016, the Company drew down RMB50.00 million (US$7.26 million) with a fixed interest rate of 4.35%. On August 8, 2016, an additional RMB80.00 million (US$11.62 million) was drawn down with a fixed interest rate of 4.35%.

 

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