Yunnan Aluminium Co.Ltd(000807)
Securities code: Yunnan Aluminium Co.Ltd(000807) securities abbreviation: Yunnan Aluminium Co.Ltd(000807) Announcement No.: 2022013 Yunnan Aluminium Co.Ltd(000807)
Announcement on changes in accounting policies
The company and all members of the board of directors guarantee that the information disclosed is true, accurate and complete without false records, misleading statements or major omissions.
Yunnan Aluminium Co.Ltd(000807) (hereinafter referred to as " Yunnan Aluminium Co.Ltd(000807) " or "the company") held the 13th meeting of the 8th board of directors and the 6th meeting of the 8th board of supervisors on March 21, 2022, deliberated and adopted the proposal on the change of the company's accounting policy, agreed to the change of the accounting policy, and the independent directors of the company expressed their independent opinions. The change of the accounting policy does not need to be submitted to the general meeting of shareholders for deliberation. The details are as follows:
1、 Overview of changes in accounting policies
(I) reasons for change
November 2, 2021, The accounting department of the Ministry of Finance issued the question and answer on the implementation of the fifth batch of accounting standards for business enterprises in 2021, which clearly stipulates: "1. Under normal circumstances, the transportation activities before the control of the enterprise's goods or services is transferred to the customer and in order to perform the customer's contract do not constitute a single performance obligation, and the relevant transportation costs shall be regarded as the contract performance costs, amortized on the same basis as the revenue recognition of goods or services, and included in the current profits and losses. The contract performance costs shall be listed in the" operating costs "item of the income statement"; "2. The daily repair expenses of fixed assets that do not meet the conditions for subsequent expenditure of capitalization of fixed assets shall be included in the current profit and loss or the cost of relevant assets according to the beneficiary. The daily repair expenses of fixed assets related to the production and processing of inventory shall be treated according to the principle of determining the inventory cost, and the daily repair expenses of fixed assets incurred by administrative departments and special sales institutions of enterprises shall be calculated according to the functional classification Enter "administrative expenses or sales expenses".
According to the provisions of the fifth batch of questions and answers on the implementation of accounting standards for business enterprises in 2021 issued by the accounting department of the Ministry of finance, the company needs to make corresponding changes to the relevant contents of accounting policies.
(II) accounting policies adopted before change
Before this accounting policy change, the company listed the relevant transportation costs in the "sales expenses" item and the relevant repair expenses in the "management expenses" item.
(III) accounting policies adopted after change
After this accounting policy change, the company listed the transportation costs incurred in performing the customer sales contract in the "operating costs" item in accordance with the provisions of the question and answer on the implementation of the fifth batch of accounting standards for business enterprises in 2021 issued by the accounting department of the Ministry of finance. And save
National environment friendly enterprise Yunnan Aluminium Co.Ltd(000807) · China green aluminum
Yunnan Aluminium Co.Ltd(000807) the daily repair costs of fixed assets related to the production and processing of goods shall be handled according to the principle of determining the inventory cost.
In addition to the above changes in accounting policies, other unchanged parts of the company are still implemented in accordance with the accounting standards for business enterprises - basic standards, various specific accounting standards, application guidelines of accounting standards for business enterprises, interpretation of accounting standards for business enterprises and other relevant provisions issued by the Ministry of Finance in the early stage.
(IV) change time
According to the relevant provisions of the accounting department on questions and answers related to the implementation of the accounting standards for business enterprises, the company will include the transportation expenses related to the sale of goods into the main business cost accounting from January 1, 2021, include the asset repair expenses related to production into the main business cost accounting, and retroactively adjust the relevant items of the 2020 financial statements.
2、 Impact of this accounting policy change on the company
Since this presentation adjustment is a reclassification adjustment between items in the income statement, it will not affect the company's operating results, assets, liabilities, equity and other main indicators.
3、 Opinions of the board of directors
The company held the 13th meeting of the 8th board of directors on March 21, 2022. The meeting deliberated and adopted the proposal on the change of accounting policies of the company with 9 votes in favor, 0 votes against and 0 abstentions.
The board of directors of the company believes that the company has changed the company's accounting policies in accordance with the provisions of relevant systems issued by the Ministry of finance. The changed accounting policy complies with the provisions of the national unified accounting system, can objectively and fairly reflect the current financial situation and operating results of the company, and is in line with the interests of the company and all shareholders. The decision-making procedures of this accounting policy change comply with the provisions of relevant laws, regulations and the articles of association. The board of directors agreed to the change of the company's accounting policy.
According to the relevant provisions of the Listing Rules of Shenzhen Stock Exchange, the matters of the company's accounting policy change need not be submitted to the general meeting of shareholders for deliberation.
4、 Opinions of independent directors
The independent directors of the company believe that the accounting policy change of the company is made according to the requirements of the documents of the Ministry of finance. The changed accounting policy complies with the relevant provisions of the Ministry of Finance and does not damage the interests of the company and all shareholders. The changed accounting policies can more objectively and fairly reflect the company's financial situation and operating results, and provide investors with more reliable and accurate accounting information. The change procedure of this accounting policy complies with the provisions of relevant laws, regulations and the articles of association. Therefore, we agree to the change of the company's accounting policies.
5、 Opinions of the board of supervisors
After review, the board of supervisors of the company believes that the change of the company's accounting policy is made according to the requirements of relevant documents of the Ministry of finance, which is in line with the provisions of the Ministry of Finance and the actual situation of the company. The changed accounting policy can more objectively and fairly reflect the company's financial situation and operating results. The accounting policy change procedure complies with the provisions of relevant laws, regulations and the articles of association, and there is no damage to the interests of the company and all shareholders. Therefore, we agree to the accounting policy change of the company.
National environment friendly enterprise Yunnan Aluminium Co.Ltd(000807) · China green aluminum
Yunnan Aluminium Co.Ltd(000807) VI. documents for future reference (I) resolutions of the 13th meeting of the 8th board of directors; (II) resolutions of the 6th meeting of the 8th board of supervisors; (III) opinions of independent directors; (IV) opinions of the board of supervisors.
Yunnan Aluminium Co.Ltd(000807) board of directors
February 21, 2023
National environment friendly enterprise Yunnan Aluminium Co.Ltd(000807) · China green aluminum
