Bbmg Corporation(601992) announcement on changes in accounting policies
Securities code: Bbmg Corporation(601992) securities abbreviation: Bbmg Corporation(601992) No.: Lin 2022015 Bbmg Corporation(601992)
Announcement on changes in accounting policies
The board of directors and all directors of the company 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.
Important note: this accounting policy change is the appropriate change and adjustment of the company’s accounting policies and the accounting and presentation of relevant accounting subjects by Bbmg Corporation(601992) (hereinafter referred to as “the company” and “the company”) in accordance with the question and answer on the implementation of accounting standards for business enterprises issued by the accounting department of the Ministry of finance of the people’s Republic of China (hereinafter referred to as “the Ministry of finance”) in November 2021. This accounting policy change will not have a significant impact on the company’s financial status and operating results. 1、 Overview
According to the question and answer on the implementation of accounting standards for business enterprises issued by the Ministry of Finance in November 2021, the transportation costs incurred before the control of goods is transferred to customers and for the performance of sales contracts are reclassified from sales expenses to operating costs. 2、 Details of changes in accounting policies and their impact on the company
(I) date of this accounting policy change
The company will implement the changed accounting policies from January 1, 2021. For the accounting treatment of transportation costs incurred for the performance of sales contracts before the control of goods is transferred to customers, the amount in the same period of last year shall be retroactively adjusted.
(II) changes in accounting policies
According to the question and answer on the implementation of accounting standards for business enterprises issued by the Ministry of Finance in November 2021, for the transportation costs incurred before the control of goods is transferred to customers and for the performance of sales contracts
Bbmg Corporation(601992) announcement on changes in accounting policies
In this year, all the selling expenses are reclassified to operating costs.
After this change, the company will implement the accounting standards for Business Enterprises No. 14 – Revenue (CK [2017] No. 22) revised and issued by the Ministry of Finance and the question and answer on the implementation of accounting standards for Business Enterprises No. 14 interpretation of accounting standards for business enterprises issued by the Ministry of Finance in 2021. Other unchanged parts shall still be implemented in accordance with the relevant standards and other relevant provisions issued by the Ministry of Finance in the early stage.
(III) amount of impact of accounting policy change on the company’s statement data
The above changes will affect the “operating costs” and “selling expenses” in the company’s income statement, but will not affect the company’s “operating revenue” and “operating profit”, and will not have a significant impact on the company’s financial status and operating results.
Impact of changes in accounting policies on the year-on-year data of the company’s profit statement in 2021
Unit: yuan currency: RMB
Influence amount of accounting policy change before the change of the project in 2020 after the change in 2020
Operating cost 8651583699145938308743538745414573498
Selling expenses 327718470329 -93830874353233887595976
3、 Opinions of independent directors
The independent directors of the company believe that this change of accounting policy of the company is a corresponding change in accordance with the Q & A on the implementation of accounting standards for business enterprises issued by the Ministry of Finance in November 2021, in line with the relevant provisions of the Ministry of finance, China Securities Regulatory Commission and Shanghai stock exchange, and there is no situation that damages the interests of the company and all shareholders, especially the majority of minority shareholders. After the change of the company’s accounting policy, the company’s financial report can more objectively and fairly reflect the company’s financial situation, operating results and cash flow, which is in line with the interests of the company and all shareholders.
Bbmg Corporation(601992) board of directors
March 25, 2002
