| Prepayments, receivables and other current assets and other non-current assets |
26. Prepayments, receivables and other current assets and other non-current assets Prepayments, receivables and other current assets consist of the following: | | | | | | | | | As of December 31, | | | 2023 | | 2024 | | 2025 | | | RMB | | RMB | | RMB | Loan receivables(a) | | 8,679,730 | | 9,689,517 | | 11,412,110 | Short-term debt investments | | 1,096,739 | | 1,689,073 | | 2,825,792 | Deposits and receivables from partners | | 1,253,330 | | 856,230 | | 1,760,261 | Prepayment and prepaid expense | | 905,086 | | 712,568 | | 923,011 | Deductible VAT-input | | 1,023,024 | | 684,338 | | 706,645 | Prepaid income tax | | 381,488 | | 314,196 | | 452,027 | Contingent consideration assets | | 239,557 | | 4,284 | | 8,342 | Others | | 771,977 | | 589,584 | | 375,330 | Total | | 14,350,931 | | 14,539,790 | | 18,463,518 |
Other non-current assets consist of the following: | | | | | | | | | As of December 31, | | | 2023 | | 2024 | | 2025 | | | RMB | | RMB | | RMB | Loan receivables(a) | | — | | 857,309 | | 660,222 | Deductible VAT-input | | 1,116,686 | | 1,228,297 | | 1,297,114 | Prepayments for property and equipment, long-term investments and other non‑current assets | | 409,469 | | 31,321 | | 581,591 | Deposits and receivables from partners | | 162,156 | | 144,052 | | 114,931 | Contingent consideration assets | | 10,811 | | 4,605 | | 2,632 | Long-term debt investments | | 258,590 | | 1,289,252 | | 557,029 | Others | | 22,338 | | 23,773 | | 152,794 | Total | | 1,980,050 | | 3,578,609 | | 3,366,313 |
Loan receivables are initially measured at fair value. Depending on the business models in which the loan receivables are held, the subsequent measurement could be at amortized cost or at fair value through other comprehensive income. Breakdown for loan receivables including both current and non-current portion is as follows: | | | | | | | | | As of December 31, | | | 2023 | | 2024 | | 2025 | | | RMB | | RMB | | RMB | Loan receivables at amortized cost (Note 4.1.2(d)) | | 9,829,675 | | 12,591,317 | | 9,969,579 | Less: allowance for impairment (Note 4.1.2(d)) | | (1,149,945) | | (2,044,491) | | (2,496,846) | | | 8,679,730 | | 10,546,826 | | 7,472,733 | Loan receivables at fair value through other comprehensive income (Note 4.1.2(d)) | | — | | — | | 4,775,252 | Less: fair value changes of loan receivables (Note 4.3.3) | | — | | — | | (175,653) | | | — | | — | | 4,599,599 | Allowances for impairment losses on loan receivables at fair value through other comprehensive income (Note 4.1.2(d)) | | — | | — | | (773,731) |
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