Securities code: Holsin Engineering Consulting Group Co.Ltd(603909) securities abbreviation: Holsin Engineering Consulting Group Co.Ltd(603909) Announcement No.: 2022013 Holsin Engineering Consulting Group Co.Ltd(603909)
Announcement on changes in accounting policies
The board of directors and all directors guarantee that there are no false records, misleading statements or major omissions in the contents of this announcement, and bear individual and joint liabilities for the authenticity, accuracy and completeness of its contents.
On March 22, 2022, Holsin Engineering Consulting Group Co.Ltd(603909) (hereinafter referred to as " Holsin Engineering Consulting Group Co.Ltd(603909) " or "the company") held the third meeting of the Fourth Board of directors and the third meeting of the Fourth Board of supervisors, deliberated and adopted the proposal on changes in accounting policies. This accounting policy change does not need to be submitted to the general meeting of shareholders for deliberation. The details are as follows: I. overview of changes in accounting policies
(I) reasons for this accounting policy change
The Ministry of Finance revised and issued the accounting standards for Business Enterprises No. 14 - Revenue (hereinafter referred to as the "new revenue standard") on July 5, 2017. On November 2, 2021, the accounting department of the Ministry of Finance issued a question and answer on the implementation of accounting standards for business enterprises. The question and answer on the implementation of the revenue standard clearly stipulates: "generally, 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 recognition of the revenue of goods or services, and included in the current profit and loss. The contract performance costs shall be included in the" operating costs "of the income statement Listed in the project. "
On June 19, 2020, the Ministry of Finance issued the provisions on accounting treatment of rent concessions related to covid-19 pneumonia epidemic (CK [2020] No. 10, hereinafter referred to as the provisions). For rent concessions such as rent reduction and deferred payment directly caused by covid-19 pneumonia epidemic that meet the conditions, enterprises can choose to adopt simplified methods for accounting treatment. On May 26, 2021, the Ministry of Finance issued a notice on adjusting the scope of application of the provisions on accounting treatment of rent concession related to covid-19 pneumonia epidemic (CAI Kuai [2021] No. 9) (hereinafter referred to as the "adjustment notice"), adjusting the scope of rent concession period applicable to the simplified method of the provisions. This adjustment notice shall go into effect as of the date of promulgation on May 26, 2021.
The Ministry of Finance issued the interpretation of accounting standards for Business Enterprises No. 15 (CAI Kuai [2021] No. 35, hereinafter referred to as "Interpretation No. 15") on December 31, 2021, which clarified three issues: the accounting treatment of the external sales of products or by-products produced before the fixed assets reach the expected usable state or in the process of research and development, the presentation of centralized fund management and the judgment of loss contracts. The contents of "accounting treatment for the external sales of products or by-products produced before the fixed assets reach the expected usable state or in the process of R & D" and "judgment on loss contracts" in this interpretation shall come into force as of January 1, 2022; The content of "relevant presentation on centralized fund management" shall go into effect as of the date of promulgation.
(II) date of this accounting policy change
According to the requirements of the adjustment notice and Interpretation No. 15 of the Ministry of finance, the company makes corresponding changes to the original accounting policies in combination with its actual situation, and starts to implement the accounting standards according to the implementation date specified in the above documents. 2、 Specific contents of this accounting policy change
(I) implement the relevant implementation Q & A provisions of the accounting department of the Ministry of Finance on the accounting standards for business enterprises
The company will implement the new income standard from January 1, 2020. According to the Q & A regulations on the implementation of the revenue standards of the accounting department of the Ministry of finance, the company will list the transportation costs incurred in performing the customer sales contract from January 1, 2021 in the "operating cost" item of the income statement.
(II) adjust the scope of application of the provisions on accounting treatment of rent concessions related to covid-19 pneumonia epidemic
The adjustment notice will adjust the rent reduction period applicable to the simplified method of the provisions from "the reduction is only for the lease payment payable before June 30, 2021, the increase of the lease payment payable after June 30, 2021 will not affect the satisfaction of this condition, and the decrease of the lease payment payable after June 30, 2021 will not meet this condition" "The concession is only for the lease payments payable before June 30, 2022. The increase of lease payments payable after June 30, 2022 does not affect the satisfaction of this condition, and the decrease of lease payments payable after June 30, 2022 does not meet this condition". Other applicable conditions remain unchanged.
According to the adjustment notice, the company has adopted the simplified method for accounting treatment of all qualified lease contracts before the adjustment of the scope of application, and also adopted the simplified method for accounting treatment of similar lease contracts that meet the conditions after the adjustment of the scope of application, and retroactively adjusted the relevant lease contracts that have adopted the accounting treatment of lease change before the issuance of the notice, but did not adjust the data of the comparative financial statements in the previous period; The relevant rent concessions that have not been accounted for in accordance with the provisions of the notice between January 1, 2021 and the implementation date of the notice shall be adjusted according to the notice.
(III) implement the interpretation of accounting standards for Business Enterprises No. 15
Where an enterprise implements centralized and unified management of the funds of the parent company and member companies through internal settlement centers and financial companies in accordance with relevant laws and regulations, the member companies shall list the funds collected by the member companies into the accounts of the group's parent company in the "other receivables" item of the balance sheet, or according to the principle of importance and in combination with the actual situation of the enterprise, Add the item of "centralized management of funds receivable" above the item of "other receivables" and list it separately; The parent company shall be listed in the "other payables" item of the balance sheet. For the funds borrowed from the group's parent company account by the member unit, the member unit shall list them in the "other payables" item of the balance sheet; The parent company shall be listed in the "other receivables" item of the balance sheet.
According to Interpretation No. 15, the company has standardized the presentation of centralized and unified management of the funds of the parent company and member units through internal settlement centers and financial companies. For the funds collected by the member company to the group parent company's account, the member company shall list them in the "other receivables" item of the balance sheet; The parent company is listed in the "other payables" item of the balance sheet. For the funds borrowed by the member company from the group's parent company account, the member company shall list them in the "other payables" item of the balance sheet; The parent company is listed in "other receivables" in the balance sheet. 3、 Impact of changes in accounting policies on the company
This change of accounting policy will have an impact on the presentation items of the company's financial statements, but will not have an impact on the current period and the company's total assets, total liabilities, net assets and net profit before the change of accounting policy. 4、 Opinions of independent directors
Agree to the proposal on changes in accounting policies. According to the relevant regulations and requirements of the Ministry of finance, the company changes its accounting policies accordingly, which is in line with the relevant regulations of the Ministry of finance, China Securities Regulatory Commission, Shanghai Stock Exchange and other regulatory authorities, can objectively and fairly reflect the company's financial status and operating results, and is in line with the interests of the company and all shareholders. 5、 Opinions of the board of supervisors
The board of supervisors believes that the change of accounting policy is a reasonable change made by the company according to the requirements of relevant documents of the Ministry of finance, and the implementation of the change of accounting policy can more objectively and fairly reflect the financial status and operating results of the company; The decision-making procedure of this accounting policy change complies with the provisions of relevant laws and regulations and the articles of association, and there is no damage to the interests of the company and shareholders. The board of supervisors agrees with the company's accounting policy change.
It is hereby announced.
Holsin Engineering Consulting Group Co.Ltd(603909) board of directors
March 23, 2002
