Securities code: Shanghai Pharmaceuticals Holding Co.Ltd(601607) securities abbreviation: Shanghai Pharmaceuticals Holding Co.Ltd(601607) No.: pro 2022026
Shanghai Pharmaceuticals Holding Co.Ltd(601607)
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 content tips:
Shanghai Pharmaceuticals Holding Co.Ltd(601607) (hereinafter referred to as " Shanghai Pharmaceuticals Holding Co.Ltd(601607) " or "the company") in accordance with the questions and answers on the implementation of accounting standards for business enterprises, the interpretation of accounting standards for Business Enterprises No. 14 and the notice on adjusting the scope of application of the provisions on accounting treatment of rent concessions related to covid-19 pneumonia epidemic 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") Make appropriate changes and adjustments to the accounting and presentation of relevant accounting subjects.
This accounting policy change has no significant impact on the company's financial position, operating results and cash flow.
1、 Overview
In 2021, the Ministry of Finance issued the notice on printing and distributing the interpretation of accounting standards for Business Enterprises No. 14 (CK [2021] No. 1), the notice on adjusting the scope of application of the provisions on accounting treatment of rent concessions related to covid-19 pneumonia epidemic (CK [2021] No. 9) and the question and answer on the implementation of accounting standards for business enterprises. The group has adopted the above notice and implemented Q & A to prepare the financial statements of 2021.
2、 Accounting policies adopted before this change
Before this change, the company implemented the accounting standards for business enterprises - basic standards, various specific accounting standards, application guidelines of accounting standards for business enterprises, interpretation announcement of accounting standards for business enterprises and other relevant regulations issued by the Ministry of finance.
3、 Accounting policies adopted after this change
After this change, the company will implement the questions and answers on the implementation of accounting standards for business enterprises, the interpretation of accounting standards for Business Enterprises No. 14 and the notice on adjusting the scope of application of the provisions on accounting treatment of rent concessions related to covid-19 pneumonia epidemic 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. 4、 Main contents of this accounting policy change and its impact on the company (I) accounting treatment of rent reduction related to covid-19 pneumonia
In 2021, the Ministry of Finance issued the notice on adjusting the scope of application of the provisions on accounting treatment of rent concessions related to covid-19 pneumonia epidemic. For the rent relief directly caused by covid-19 pneumonia epidemic, reached with the lessor and only for the rent relief before June 30, 2022, the group and the company have adopted the simplified method in the above notice when preparing the financial statements of 2021, There is no significant impact on the financial statements. (II) cash flow statement related to leasing
The Ministry of Finance issued the question and answer on the implementation of accounting standards for business enterprises in 2021, which made it clear that except that the prepaid rent and lease deposit expenses related to simplified short-term leases and low-value asset leases are still included in the cash outflow from operating activities, other prepaid rent and lease deposit expenses are included in the cash outflow from financing activities. The group and the company have adopted the above methods when preparing the financial statements of 2021, which has no significant impact on the financial statements. (III) presentation of transportation costs
The Ministry of Finance issued the question and answer on the implementation of accounting standards for business enterprises in 2021. For the transportation costs incurred before the control of goods is transferred to customers and in order to perform customers' sales contracts, the group and the company reclassify their self sales expenses to operating costs when preparing the financial statements of 2021.
The financial statements of the group will be adjusted retroactively as follows:
Unit: Yuan
Affected amount
The contents and reasons of the change and those affected shall be reported to 2020
Table item name
Parent company of consolidated statement
For the sales expenses incurred before the transfer of commodity control - 70614254924 - to the customer and for the performance of customer sales
The transportation cost arising from the sales contract will
The total sales expenses are reclassified to operating cost 70614254924 - operating cost. (IV) changes in the basis of financial assets or liabilities due to changes in the interest rate of the contract
Accounting treatment of
The Ministry of Finance promulgated the interpretation of accounting standards for Business Enterprises No. 14 in 2021, which stipulates the accounting treatment of changes in the basis for determining the contractual cash flow of financial assets or financial liabilities caused by the reform of benchmark interest rate. When preparing the 2021 financial statements, the group and the company have adopted the accounting treatment of the change in the basis for determining the contractual cash flow of financial assets or financial liabilities caused by the reform of the benchmark interest rate in the interpretation of accounting standards for Business Enterprises No. 14. As of December 31, 2021, it has no significant impact on the group and the company. 5、 Concluding observations of the board of directors, independent directors, board of supervisors and accounting firms
1. The board of directors and independent directors agreed that the change of accounting policy is a reasonable change in accordance with the relevant provisions of the accounting department of the Ministry of finance, such as the implementation of Q & A. the changed accounting policy can objectively and fairly reflect the company's financial situation and operating results, and there are cases that damage the interests of the company and shareholders, especially medium and small shareholders, which is in line with the overall interests of the company and its shareholders. The decision-making procedures of this accounting policy change comply with the provisions of relevant laws, regulations and the articles of association. This change will not have a significant impact on the financial report. Therefore, we agree to the change of the company's accounting policies.
2. The board of supervisors held that the change of accounting policy was made and adjusted according to the requirements of the accounting department of the Ministry of Finance for the implementation of Q & A and other relevant regulations, in line with the relevant regulations of the Ministry of finance, China Securities Regulatory Commission and Shanghai Stock Exchange, and there was no damage to the interests of the company and 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 and operating results, which is in line with the interests of the company and all shareholders.
3. PricewaterhouseCoopers Zhongtian Certified Public Accountants (special general partnership) for the company in accordance with the accounting standards for Business Enterprises No. 28 - changes in accounting policies, accounting estimates and error correction The CSRC's rules for the compilation and reporting of information disclosure by companies that offer securities to the public No. 19 - correction and related disclosure of financial information and the Shanghai Stock Exchange's self regulatory guidelines for listed companies on the Shanghai Stock Exchange No. 1 - announcement format No. 93 - correction of accounting errors, changes in accounting policies or accounting estimates The special statement prepared in accordance with the requirements of the guidelines for self regulation and supervision of listed companies of Shanghai Stock Exchange No. 2 - business handling issued PwC Zhongtian teshen Zi (2022) No. 3006 special report. The special report holds that: according to our working procedures, we have not found any inconsistency in all material aspects between the information contained in Shanghai Pharmaceuticals Holding Co.Ltd(601607) the special statement on the change of accounting policies in 2021 and the accounting information and relevant contents disclosed in the financial statements when we audit the financial statements. It is hereby announced.
Shanghai Pharmaceuticals Holding Co.Ltd(601607) board of directors
March 30, 2022
