Company: NOAH
Filing Date: 2025-04-24
Form Type: 20-F
Source: 0001410578-25-000852
Chunk: 317

Company: NOAH HOLDINGS LTD
Filing Date: 2025-04-24
Form: 20-F
Item: Item 16K
Chunk 317
---
209,808         227,194         31,127  
                                                       3,040,480       3,038,889        416,327  
  Accumulated depreciation                            ( 581,306)      ( 674,833)      ( 92,452)  
                                                       2,459,174       2,364,056        323,875  
  Construction in progress                                23,025          18,191          2,492  
  Property and equipment, net                          2,482,199       2,382,247        326,367  

Depreciation expense was RMB155,968, RMB158,082and RMB156,683for the years ended December 31, 2022, 2023 and 2024, respectively.

In 2021, the Group purchased new office premises for a total cash consideration of approximately RMB2.2billion, which is accounted for as asset acquisition, and recorded as part of property and equipment, net in the Group’s consolidated balance sheet. Due to the difference between tax bases and cost bases of buildings, a deferred tax liability of RMB196.2million was recorded at acquisition date and amortized through the remaining useful life of the buildings.

F-33

Table of Contents

8. Other Current Liabilities
Components of other current liabilities are as follows:
As of December 31,
─────────────────────────────────────────────────────────────────────────────────────────────────────────
(Amount in Thousands)
2023 2024 2024
RMB RMB US$
Accrued expenses 94,044 60,753 8,323
Advance from customers 30,172 26,981 3,696
Deposits from other business 11,339 11,673 1,599
Payable to individual investors of other business 188,697 15,381 2,107
Payable for purchases of property and equipment 37,018 30,749 4,213
Other tax payable 38,203 41,833 5,731
Operating lease liability - current 61,826 44,888 6,150
Payables to suppliers 104,484 122,623 16,799
Payable for litigation (Note 19) 99,000 44,548 6,103
Other payables 17,019 4,859 666
Total 681