audit report
Xyzh / 2022kmaa50016 Yunnan Tourism Co.Ltd(002059) all shareholders:
1. Audit opinion
We have audited the financial statements of Yunnan Tourism Co.Ltd(002059) (hereinafter referred to as " Yunnan Tourism Co.Ltd(002059) company"), 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 shareholders' 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 consolidated and parent company's financial position of Yunnan Tourism Co.Ltd(002059) company as of December 31, 2021 and the consolidated and parent company's operating results and cash flow 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 Yunnan Tourism Co.Ltd(002059) company 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.
Countermeasures in key audit matters
1. Revenue recognition: for example, "IV. (XXVII) revenue recognition" in the notes to the consolidated financial statements, the main audit procedures we implemented for revenue recognition of tourism, culture and science and technology division are as follows: then and measurement method "," VI. 41 operating revenue and operating cost "and (1) understand, evaluate and test the design and operation of key internal control related to sales revenue. According to" XIV. (II). 2 reporting segment information ", it is effective in 2021 Yunnan Tourism Co.Ltd(002059) consolidated operating income was 1417835800 yuan. (2) in 2021, through the inspection of sales contracts and interviews with the management, understand and evaluate whether the revenue of the audited entity Yunnan Tourism Co.Ltd(002059) company's revenue recognition policies realized by the tourism culture and technology division comply with the provisions of the accounting standards for business enterprises; The operating income is 9096571 million yuan, accounting for 64.16% of the total operating income. (3) through interviews with the owner and its supervision unit, we understand the purpose of the special terms in the contract. Handover and confirmation of creative design work results, etc.
(4) Check the terms of the contract and analyze the key terms of the contract and the requirements of the new income standard. The income of tourism culture and Technology Division mainly includes planning and design income and whether the income recognition policies of the audited unit meet the requirements of the standard. Income from comprehensive system of music equipment and engineering construction. It mainly refers to the process of (5) checking the project initiation data and the preparation, review and change of the total contract budget cost. For the performance obligations performed within a certain period of time, the accuracy of the total budget cost shall be checked according to the performance within that period of time.
Revenue is recognized according to the schedule. (6) Implement analysis procedures for revenue, compare with the same period in history and the gross profit margin of comparable companies in the same industry, and review the rationality of revenue recognition and change.
The management needs to make a reasonable estimate of the performance progress of the project. When determining A. compare the operating income of the current period with that of the previous period, and analyze whether the business structure and gross profit margin are different from the performance progress, the management generally uses past experience, project planning and regular, and analyzes the reasons for abnormal changes. Take the internal risk and uncertainty assessment of the arrangement as the root. B. compare the planning and design income, amusement equipment comprehensive system income and engineering data of the theme park in the last two years, make a reasonable estimate of the estimated total contract cost, compare and analyze the gross profit margin of sales involving the construction income of the management with comparable companies in the same industry, and check whether there are significant accounting estimates. Therefore, we identify it as a key audit event.
Item. (7) Conduct sampling test on the sales revenue, and check the corresponding sales contract, project schedule and acceptance sheet confirmed by the customer or the third-party supervision unit; Check the consistency between the key rights and obligations in the contract and the revenue recognition principle.
(8) Check the construction site and compare whether there is any difference between the construction progress and the image progress.
(9) For the projects under construction and completed in the current period, write to the customer to confirm the matters related to revenue, such as contract amount, cumulative confirmed contract amount, cumulative collection, project progress, advance collection and balance of accounts receivable, and check with the book records according to the customer's reply results.
VII. The main procedures for the implementation of the "bad debt impairment provision" in 2021 are as follows:
Nan tourism company has accrued the credit impairment loss of receivables (1) understand, test and evaluate the key internal control of the management's provision for impairment of receivables; 925986 million yuan. (2) Analyze the rationality of accounting estimation of bad debt provision for accounts receivable, including the basis for determining the combination of accounts receivable, judgment of significant amount, judgment of separate provision for bad debt provision, etc;
Due to the large amount of credit impairment of accounts receivable and the large impairment test (3) obtain the bad debt provision accrual table and check whether the accrual method is implemented in accordance with the bad debt policy; To some extent, it depends on the judgments and estimates made by the management. These estimates (4) evaluate the rationality of the provision for bad debts of receivables by analyzing the aging of receivables and the current situation of customers, implementing the procedures of correspondence of receivables and being affected by the judgment of future market and economic environment; Different estimates and assumptions will have a significant impact on the impairment of assets, (5) check the presentation and disclosure of relevant financial statements.
The risk of misstatement of impairment amount is high, so we recognize the credit impairment loss as a key audit event. 3. Major pending litigation, such as "IV. (XXVI) estimated liabilities" in the notes to the consolidated financial statements, the main audit procedures we implemented are as follows: "vi.18. Other non current assets", "vi.32. Estimated liabilities" and (1) obtain relevant materials of litigation cases, check with the contents of Yunnan Tourism Co.Ltd(002059) announcement, review the contents of the "Xi. Contingencies", and the contents of the cases in which Yunnan Tourism Co.Ltd(002059) company performs the related matters Whether the creditor and the object of litigation are accurate; The original shareholders of Jiangnan Garden Co., Ltd. signed the "share issuance and payment (2) interview with the management to learn about the response measures to litigation cases and the agreement on promoting cash purchase of assets through litigation settlement", and some disputes occurred in the process of Jiangnan garden progress, and evaluate whether the management's provision for relevant estimated liabilities is appropriate; The former shareholder of Lin Co., Ltd. sued Yunnan Tourism Co.Ltd(002059) company to purchase the key contents of Jiangnan garden held by it in accordance with the judgment results on Yunnan Tourism Co.Ltd(002059) in the judgment of issuing shares (3) inspection and the applicable corresponding legal provisions, as well as the agreement for paying cash to purchase assets, and judge whether the recognition of estimated liabilities is reasonable; Remaining equity of the company Yunnan Tourism Co.Ltd(002059) company has accrued (4) analyzed and judged that Yunnan Tourism Co.Ltd(002059) for the corresponding estimated liabilities of the case, the accrued estimated liabilities of 288619600 yuan is reasonable in combination with the current judicial environment; He made a provision for impairment of non current assets of 236312200 yuan. (5) Ask the lawyer entrusted by Yunnan Tourism Co.Ltd(002059) management to understand the progress of relevant litigation matters, and obtain professional legal opinions on the possibility of Yunnan Tourism Co.Ltd(002059) winning or losing the case. At the same time, send the lawyer's confirmation letter on the financial statements due to the estimated amount of liabilities related to litigation matters, and obtain its written reply; Significant impact. For the possible results of the case and the impact on the financial statements (6) review the accuracy of the provision for impairment of other non current assets. The amount of response involves the judgment and estimation of major management. Therefore, we will (7) check the presentation and disclosure of information related to major litigation in the financial statements. The management confirms that the estimated liabilities related to litigation matters are recognized as key audit matters.
Other information
Yunnan Tourism Co.Ltd(002059) the management of the company (hereinafter referred to as the management) is responsible for other information. Other information includes the information covered in the 2021 annual report of Yunnan Tourism Co.Ltd(002059) company, 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.
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 evaluating the going concern ability of Yunnan Tourism Co.Ltd(002059) company, disclosing matters related to going concern (if applicable), and applying the going concern assumption, unless the management plans to liquidate Yunnan Tourism Co.Ltd(002059) company, terminate operation or have no other realistic choice.
The management is responsible for supervising the financial reporting process of Yunnan Tourism Co.Ltd(002059) company.
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:
(1) 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.
(2) Understand the internal control related to audit in order to design appropriate audit procedures, but the purpose is not to express an opinion on the effectiveness of internal control.
(3) Evaluate the appropriateness of accounting policies selected by the management and the rationality of accounting estimates and related disclosures.
(4) Draw conclusions on the appropriateness of management's use of going concern assumptions. 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 the sustainable operation ability of Yunnan Tourism Co.Ltd(002059) company. 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 Yunnan Tourism Co.Ltd(002059) company to be unable to continue its business.
(5) Evaluate the overall presentation, structure and content of the financial statements, and evaluate whether the financial statements fairly reflect relevant transactions and events.
(6) To obtain sufficient information on the company's financial statements, audit activities or audit activities. We are responsible for guiding, supervising and implementing the group audit, and take full responsibility for the audit opinions.
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 most important for the audit of the current financial statements
