Guangzhou Lingnan Group Holdings Company Limited(000524) audit report and financial statements for the year 2021
Guangzhou Lingnan Group Holdings Company Limited(000524)
Audit report and financial statements
(from January 1, 2021 to December 31, 2021)
Table of contents page
1、 Audit report 1-5 II. Financial statements
Consolidated balance sheet and parent company balance sheet 1-4 consolidated income statement and parent company income statement 5-6 consolidated cash flow statement and parent company cash flow statement 7-8 consolidated statement of changes in owner’s equity and parent company statement of changes in owner’s equity 9-12 notes to financial statements 1-149
audit report
Xksbz [2022] No. zc10038 Guangzhou Lingnan Group Holdings Company Limited(000524) all shareholders:
1、 Audit opinion
We have audited the financial statements of Guangzhou Lingnan Group Holdings Company Limited(000524) (hereinafter referred to as Guangzhou Lingnan Group Holdings Company Limited(000524) ), including the consolidated and parent company’s balance sheet as of December 31, 2021, the consolidated and parent company’s income statement, consolidated and parent company’s cash flow statement, consolidated and parent company’s statement of changes in owner’s equity and notes to relevant financial statements in 2021.
In our opinion, the attached financial statements are prepared in accordance with the provisions of the accounting standards for business enterprises in all material aspects, and fairly reflect the financial position of Guangzhou Lingnan Group Holdings Company Limited(000524) the consolidated and parent company as of December 31, 2021 and the operating results and cash flow of the consolidated and parent company in 2021.
2、 Basis for forming audit opinions
We conducted our audit in accordance with the auditing standards for Chinese certified public accountants. The “responsibilities of certified public accountants for the audit of financial statements” in the audit report further expounds our responsibilities under these standards. In accordance with the code of professional ethics for Chinese certified public accountants, we are independent of Guangzhou Lingnan Group Holdings Company Limited(000524) , and have fulfilled other responsibilities in terms of professional ethics. We believe that the audit evidence we have obtained is sufficient and appropriate, which provides a basis for our audit opinion.
3、 Key audit matters
The key audit matters are the most important matters that we consider to audit the current financial statements according to our professional judgment. The response to these matters is based on the overall audit of the financial statements and the formation of audit opinions. We will not express separate opinions on these matters.
The key audit matters identified in our audit are summarized as follows:
Guangzhou Lingnan Group Holdings Company Limited(000524) xksbz [2022] No. zc10038 audit report page 1
Key audit matters how to deal with them in the audit
(I) revenue recognition in 2021, Guangzhou Lingnan Group Holdings Company Limited(000524) consolidated main business for the authenticity and cut-off of the main business revenue, our actual revenue is 1.526 billion yuan, which is Guangzhou Lingnan Group Holdings Company Limited(000524) consolidated interest. The audit procedures mainly include but are not limited to: ① understanding and measuring the important components of the profit statement. Therefore, we determine the main trial Guangzhou Lingnan Group Holdings Company Limited(000524) and travel agency operation, hotel operation The authenticity and cut-off of business income related to collection are the key issues in the design and implementation of internal control system and financial accounting system. that ‘s ok; ② Distinguish the main business categories and implement analytical review procedures in combination with business segments, industry development and Guangzhou Lingnan Group Holdings Company Limited(000524) actual conditions to judge the rationality of changes in operating revenue and gross profit; ③ Carry out detail test, sample check the customer’s check-in records or meal tickets, customer confirmed settlement sheets and other external evidence for the hotel’s operating income, check the collection records, confirm the closing accounts receivable, and check the operating income of the travel agency, Sample check the customer’s contract, team information, revenue and expenditure schedule, order details, itinerary and other external evidence, check the collection records, confirm the accounts receivable at the end of the period, and audit the authenticity of operating revenue; ④ Spot check the income at the end of 2021 and the beginning of 2022, and audit the cut-off of operating income.
(II) impairment of goodwill
Guangzhou Lingnan Group Holdings Company Limited(000524) the original value of goodwill at the end of the period is the impairment of the main goodwill. The audit procedures we implemented are mainly 154136400 yuan, and the impairment provision is 848229 million yuan, including but not limited to: ① we understand that the auditee and the impairment of goodwill are yuan, with a net value of 693135 million yuan. We believe that there are key internal controls related to the test, and evaluate the risk of continued impairment of these controls. Due to the large amount involved, the design of, Determine whether it has been implemented and test the relevant internal. Therefore, we determine the impairment risk of goodwill as the operational effectiveness of Customs control; ② Understand and evaluate management key audit matters. The competence, professional quality and objectivity of the external evaluation experts employed; ③ Review the basic data on which the impairment test of the management is based, use the evaluation experts to evaluate the rationality of the key assumptions, key parameters and judgments used in the impairment test of the management, and understand and evaluate the work of the management using its evaluation experts; ④ Review the calculation process of goodwill impairment measurement.
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4、 Other information
Guangzhou Lingnan Group Holdings Company Limited(000524) Management (hereinafter referred to as management) is responsible for other information. Other information includes the information covered in Guangzhou Lingnan Group Holdings Company Limited(000524) 2021 annual report, but does not include the financial statements and our audit report.
Our audit opinion on the financial statements does not cover other information, and we will not issue any form of assurance conclusion on other information.
In combination with our audit of the financial statements, our responsibility is to read other information and consider whether other information is materially inconsistent with the financial statements or the information we have learned in the audit process, or there seems to be material misstatement.
Based on the work we have performed, if we determine that there is a material misstatement in other information, we should report that fact. In this regard, we have nothing to report.
5、 Responsibilities of management and governance for financial statements
The management is responsible for preparing the financial statements in accordance with the provisions of the accounting standards for business enterprises to achieve a fair reflection, and designing, implementing and maintaining necessary internal control so that the financial statements are free from material misstatement caused by fraud or error.
When preparing the financial statements, the management is responsible for assessing Guangzhou Lingnan Group Holdings Company Limited(000524) ‘s ability to continue as a going concern, disclosing matters related to going concern (if applicable), and applying the assumption of going concern, unless liquidation is planned, operation is terminated or there is no other realistic choice.
The management is responsible for supervising the financial reporting process of Guangzhou Lingnan Group Holdings Company Limited(000524) .
6、 Responsibilities of certified public accountants for the audit of financial statements
Our goal is to obtain reasonable assurance on whether the financial statements as a whole are free from material misstatement due to fraud or error, and issue an audit report containing audit opinions. Reasonable assurance is a high-level assurance, but it does not guarantee that the audit performed in accordance with the audit standards will always be found when a major misstatement exists. Misstatement may be caused by fraud or error. If it is reasonably expected that the misstatement alone or in summary may affect the economic decisions made by the users of the financial statements based on the financial statements, the misstatement is generally considered to be significant.
In the process of carrying out the audit work in accordance with the audit standards, we use professional judgment and maintain professional doubt. At the same time, we also carry out the following work:
(I) identify and assess the risks of material misstatement of financial statements due to fraud or error, design and implement audit procedures to deal with these risks, and obtain sufficient and appropriate audit evidence as the basis for issuing audit opinions. Since fraud may involve collusion, forgery, intentional omission, misrepresentation or override of internal control, the risk of failing to find major misstatement caused by fraud is higher than that caused by error.
(II) understand the internal control related to audit to design appropriate audit procedures. (III) evaluate the appropriateness of accounting policies selected by the management and the rationality of accounting estimates and related disclosures.
(IV) draw a conclusion on the appropriateness of the management’s use of the going concern assumption. At the same time, according to the audit evidence obtained, draw a conclusion on whether there are major uncertainties in the matters or circumstances that may lead to major doubts about Guangzhou Lingnan Group Holdings Company Limited(000524) going concern ability. If we conclude that there is significant uncertainty, the auditing standards require us to draw the attention of statement users to the relevant disclosures in the financial statements in the audit report; If the disclosure is insufficient, we should express a non unqualified opinion. Our conclusions are based on the information available as of the date of the audit report. However, future events or circumstances may cause Guangzhou Lingnan Group Holdings Company Limited(000524) unable to continue its business.
(V) evaluate the overall presentation (including disclosure), structure and content of the financial statements, and evaluate whether the financial statements fairly reflect relevant transactions and events.
(VI) obtain sufficient and appropriate audit evidence on the financial information of the entity or business activities in Guangzhou Lingnan Group Holdings Company Limited(000524) to express an audit opinion on the consolidated financial statements. We are fully responsible for the audit, guidance and implementation of the audit opinions of the group.
We communicated with the management on the planned audit scope, schedule and major audit findings, including the internal control defects that we identified in the audit.
We also provide a statement to the management that we have complied with the professional ethics requirements related to independence, and communicate with the management all relationships and other matters that may reasonably be considered to affect our independence, as well as relevant preventive measures (if applicable).
From the matters communicated with the management, we determine which matters are the most important for the audit of the current financial statements, thus constituting key audit matters. We describe these matters in the audit report, unless laws and regulations prohibit the public disclosure of these matters, or in rare cases, if the negative consequences of communicating a matter in the audit report are reasonably expected to exceed the benefits in the public interest, we determine that we should not communicate the matter in the audit report.
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China certified public accountant of Lixin certified public accountants: Huang Zhiye (project partner) (special general partnership)
Chinese certified public accountant: Zhou Liwan
Shanghai, China March 21, 2002
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Guangzhou Lingnan Group Holdings Company Limited(000524)
Consolidated balance sheet
December 31, 2021
(unless otherwise specified, the monetary unit is RMB)
Note V closing balance of assets closing balance of last year
Current assets:
Monetary capital (I) 140957761797164068719725
Provision for settlement
Lending funds
Trading financial assets (II) 174213666171209800
Derivative financial assets
Notes receivable
Accounts receivable
