Securities code: Changchun Engley Automobile Industry Co.Ltd(601279) securities abbreviation: Changchun Engley Automobile Industry Co.Ltd(601279) Announcement No.: 2022013 Changchun Engley Automobile Industry Co.Ltd(601279)
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:
1. The change of accounting policy is the appropriate change and adjustment of Changchun Engley Automobile Industry Co.Ltd(601279) (hereinafter referred to as "the company" and "the company") to the company's accounting policy and the accounting and presentation of relevant accounting subjects 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") on November 1, 2021.
2. This accounting policy change has no significant impact on the company's financial position, operating results and cash flow. 1、 Overview of changes in accounting policies
(I) reasons for this accounting policy change
According to the question and answer on the implementation of accounting standards for business enterprises issued by the Ministry of Finance on November 1, 2021, for the transportation costs incurred before the control of goods is transferred to customers and for the performance of sales contracts, all the sales expenses are reclassified to operating costs.
The interpretation of accounting standards for Business Enterprises No. 14 issued by the Ministry of Finance in 2021 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. (II) 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.
(III) accounting policies adopted before 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. (IV) accounting policies adopted after change
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 questions and answers on the implementation of accounting standards for business enterprises and the interpretation of accounting standards for Business Enterprises No. 14 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.
2、 Details of this accounting policy change and its impact on the company
According to the question and answer on the implementation of accounting standards for business enterprises issued by the Ministry of Finance on November 1, 2021, the company adjusts and calculates the relevant accounting subjects, and adjusts the data of comparable periods according to the same caliber. The affected items and amounts are listed as follows:
(1) Impact on income statement items
Unit: Yuan
Affected reported amount
Content table of accounting policy changes project name 2020
Consolidated income statement parent company income statement
For the transportation costs incurred for the performance of the sales contract before the control of the goods is transferred to the sales expenses - 43833694 - 11858301 customers, the company will
The total sales expenses are reclassified to operating costs 4383369411858301.
(2) When preparing the 2021 financial statements, the company has adopted the accounting treatment of the change in the determination basis of 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, the company has not completed the replacement of the reference benchmark interest rate. The above changes have no significant impact on the company's financial status, operating results and cash flow, and do not damage the interests of the company and all shareholders, especially the majority of minority shareholders.
3、 Relevant approval procedures for this accounting policy change
The accounting policy change was reviewed and approved at the fifth meeting of the Fourth Board of directors and the fifth meeting of the second board of supervisors.
1. The independent directors of the company believe that the change of the company's accounting policy is based on the question and answer on the implementation of accounting standards for business enterprises issued by the accounting department of the Ministry of Finance on November 1, 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. The decision-making procedures of this accounting policy change comply with the provisions of relevant laws, regulations and the articles of association. We agree to the change of accounting policy.
2. The board of supervisors of the company believes that the change of the company's accounting policy is a corresponding change 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 on November 1, 2021, in line with the relevant provisions of the Ministry of Finance, China Securities Regulatory Commission and Shanghai Stock Exchange, and there is no damage to the interests of the company and shareholders, especially small and medium-sized 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.
4、 Online announcement attachment
(I) the fifth meeting of the Fourth Board of directors of the company;
(II) the fifth meeting of the second board of supervisors of the company;
(III) independent opinions of the company's independent directors on matters related to the fifth meeting of the Fourth Board of directors
It is hereby announced.
Changchun Engley Automobile Industry Co.Ltd(601279) board of directors March 30, 2022
