| PREPAYMENTS, RECEIVABLES AND OTHER ASSETS |
6. PREPAYMENTS, RECEIVABLES AND OTHER ASSETS | | | | | | | As of December 31, | | | 2024 | | 2025 | | | RMB | | RMB | | | | (in thousands) | Current: | | | | | Prepaid rental and other deposits | | 1,552,279 | | 1,154,495 | Advances to suppliers | | 692,542 | | 448,522 | VAT-input deductible | | 637,686 | | 745,485 | Capitalized costs of obtaining contracts and prepaid initial direct costs (i) | | 551,461 | | 511,450 | Deposits paid to real estate developers (ii) | | 196,241 | | 178,249 | Funds advanced to potential investees (iii) | | 153,577 | | — | Deposit paid for acquisition of land used for properties development (iv) | | 122,430 | | — | Prepaid income tax | | 64,163 | | 146,646 | Staff advances | | 59,762 | | 48,126 | Receivable related to employees’ exercise of share-based awards | | 44,521 | | 35,137 | Interests receivable | | 15,263 | | 7,340 | Receivables from escrow account | | 9,992 | | 23,030 | Others | | 542,907 | | 427,648 | Total | | 4,642,824 | | 3,726,128 | | | | | | Non‑current: | | | | | Deferred tax asset (Note 19) | | 1,005,127 | | 1,257,595 | VAT-input deductible | | 194,818 | | 357,511 | Others | | 22,332 | | 147,996 | Total | | 1,222,277 | | 1,763,102 |
| (i) | Capitalized costs of obtaining contracts and prepaid initial direct costs |
For the years ended December 31, 2024 and 2025, RMB876.2 million and RMB1,403.4 million are amortized respectively. | (ii) | Deposits paid to real estate developers |
Deposits paid to real estate developers refer to the earnest deposits paid by the Group to developers for new home transaction service contracts. | (iii) | Funds advanced to potential investees |
Funds advanced to potential investees represent funds paid to potential Beihaojia business investees before obtaining the equity interests. | (iv) | Deposit paid for acquisition of land used for properties development |
Deposit paid for acquisition of land used for properties development represents the deposit paid for acquisition of the residential land parcel in Shanghai under Beihaojia business.
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