Foshan Electrical And Lighting Co.Ltd(000541)
Audit report on the financial statements of 2021
catalogue
1、 Audit report II. Audited financial statements
1. Consolidated balance sheet 6-7
2. Balance sheet 8-9
3. Consolidated income statement ten
4. Income statement eleven
5. Consolidated cash flow statement twelve
6. Cash flow statement thirteen
7. Consolidated statement of changes in shareholders' equity 14-15
8. Statement of changes in shareholders' equity 16-17
9. Notes to the financial statements 18-120 III. annexes
1. Business license
2. Practice certificate of accounting firm
3. Practicing certificate of project partner and certified public accountant
China Securities Tiantong Certified Public Accountants (special general partnership)
Beijing, China
Audit report on the financial statements of 2021
Audit report
Zhong Zheng Tian Tong [2022] Zheng Shen Zi No. 0700003 Foshan Electrical And Lighting Co.Ltd(000541) all shareholders:
1、 Audit opinion
We have audited the financial statements of Foshan Electrical And Lighting Co.Ltd(000541) (hereinafter referred to as " Foshan Electrical And Lighting Co.Ltd(000541) "), including the consolidated and company's balance sheet as of December 31, 2021, the consolidated and company's income statement, consolidated and company's cash flow statement, consolidated and 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 financial position of Foshan Electrical And Lighting Co.Ltd(000541) December 31, 2021 and the operating results and cash flow of the company 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 Foshan Electrical And Lighting Co.Ltd(000541) , 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
Key audit matters are the most important matters in the audit of 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. We confirm that the following matters are the key audit matters that need to be communicated in the audit report: (I) business combinations not under the same control
1. Item description
As described in "VI. change of consolidation scope (I)" in the notes to the consolidated financial statements and "XIV. Notes to main items of the parent company's financial statements (III)", Foshan Electrical And Lighting Co.Ltd(000541) acquired the original shareholders' equity and added investment in August 2021
Audit report on the financial statements of 2021
Obtained 53.79% equity of Nanning Liaowang lamp Co., Ltd. (hereinafter referred to as "Nanning Liaowang") by means of capital, and realized the control of Nanning Liaowang. Since the judgment on the acquisition date and the determination of the fair value of identifiable assets and liabilities on the acquisition date in the business combination not under the same control involve more estimates and judgments of the management, we determine that the business combination not under the same control is a key audit event.
2. Audit response
For Foshan Electrical And Lighting Co.Ltd(000541) business combinations not under the same control, we have implemented the following main procedures:
(1) Understand and test Foshan Electrical And Lighting Co.Ltd(000541) the design and implementation of internal control system related to investment activities to confirm the effectiveness of internal control operation.
(2) Ask the management to understand the commercial essence of the equity transaction and evaluate its rationality.
(3) Obtain and review the equity transfer agreement, resolutions of the shareholders' meeting and the board of directors related to the equity acquisition, equity payment documents, control transfer procedures and other documents, check whether the relevant legal procedures are completed, and comprehensively judge the rationality of the management's determination of the purchase date.
(4) Obtain the asset appraisal report issued by the third-party appraisal institution, evaluate the competence, professional quality and objectivity of the asset appraisers, and review the accuracy and rationality of the parameters quoted in the appraisal process.
(5) Check the accuracy of accounting treatment related to purchase date, merger cost and goodwill.
(6) Evaluate the adequacy and appropriateness of the disclosure of the equity acquisition in the financial statements.
(II) revenue recognition
1. Item description
As described in "III. important accounting policies and accounting estimates (XXIX)" in the notes to the consolidated financial statements and "v. notes to main items of the consolidated financial statements (XXIX)", the operating income of Foshan Electrical And Lighting Co.Ltd(000541) 2021 was 477269046914 yuan, an increase of 102777601642 yuan or 27.44% over the previous period. Since the operating revenue is one of the Foshan Electrical And Lighting Co.Ltd(000541) key performance indicators and there is an inherent risk that the revenue will be manipulated to achieve the target or expected level, we determine that the revenue is recognized as a key audit matter.
2. Audit response
For Foshan Electrical And Lighting Co.Ltd(000541) revenue recognition, we have implemented the following main procedures:
(1) Understand and test the design and implementation of key internal control related to revenue recognition, and evaluate the effectiveness of internal control operation.
(2) Sample the sales contracts, identify the contract terms and conditions related to the transfer of control over relevant goods, and evaluate whether the time point of Foshan Electrical And Lighting Co.Ltd(000541) revenue recognition meets the requirements of the accounting standards for business enterprises.
(3) Select Foshan Electrical And Lighting Co.Ltd(000541) revenue transaction sample and check delivery documents, invoices, export declaration documents, etc. to
Audit report on the financial statements of 2021
Evaluate whether revenue is recorded in the appropriate accounting period.
(4) Confirm the authenticity and completeness of the balance of accounts receivable by letter to customers.
(5) Through the public information platform, sample the industrial and commercial data of sales customers, obtain and check the list of related parties to confirm whether Foshan Electrical And Lighting Co.Ltd(000541) and customers have an association relationship.
(6) Conduct a cut-off test on the revenue, select the revenue recognition transaction samples before and after the balance sheet date, obtain the delivery order and other relevant materials, and evaluate whether the revenue is recognized in an appropriate period.
(7) Analyze the income and gross profit in combination with the product type to judge whether there is abnormal fluctuation in the amount of income in the current period.
(8) Obtain the return and exchange records and check whether there are major abnormal returns and exchanges.
(9) Combined with other income audit procedures, such as payment collection records after the inspection period, sales return records after the inspection period, and check the reconciliation letter between Foshan Electrical And Lighting Co.Ltd(000541) and customers, so as to confirm the authenticity and integrity of income in the current period.
4、 Other information
The management is responsible for other information. Other information includes the information covered in Foshan Electrical And Lighting Co.Ltd(000541) 2021 annual report, 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.
5、 Responsibilities of management and governance for financial statements
Foshan Electrical And Lighting Co.Ltd(000541) 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 due to fraud or error.
When preparing the financial statements, the management is responsible for assessing the going concern ability of Foshan Electrical And Lighting Co.Ltd(000541) , disclosing matters related to going concern (if applicable), and applying the going concern assumption, unless the management plans to liquidate Foshan Electrical And Lighting Co.Ltd(000541) , terminate the operation or has no other realistic choice.
The management is responsible for supervising the financial reporting process of Foshan Electrical And Lighting Co.Ltd(000541) .
Audit report on the financial statements of 2021
6、 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 aggregate 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 auditing in accordance with the auditing standards, we use professional judgment and maintain professional suspicion. At the same time, we also carry out the following work:
(1) Identify and assess the risk 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 design of internal audit procedures in order to understand the appropriate internal audit procedures.
(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 Foshan Electrical And Lighting Co.Ltd(000541) 's ability to continue as a going concern. If we conclude that there are significant uncertainties, the auditing standards require us to draw the attention of report 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 Foshan Electrical And Lighting Co.Ltd(000541) unable to continue its business.
(5) Evaluate the overall presentation, structure and content (including disclosure) of the financial statements, and evaluate whether the financial statements fairly reflect relevant transactions and events.
(6) Obtain sufficient and appropriate audit evidence on the financial information of Foshan Electrical And Lighting Co.Ltd(000541) entity or business activities to express an audit opinion on the financial statements. 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).
Audit report on the financial statements of 2021
From the matters communicated with the management, we determine which matters are most important for the audit of the current financial statements, thus constituting key audit matters. We describe these matters in the audit report, unless laws and regulations prohibit the public disclosure of these matters, or in rare cases, if the negative consequences of communicating a matter in the audit report are reasonably expected to exceed the benefits in the public interest, we determine that we should not communicate the matter in the audit report.
Certified Public Accountants of China Securities Tiantong certified public accountants Co., Ltd.:
(project partner)
(special general partnership) Feng Wei
Chinese certified public accountant:
Li qiongqian, Beijing, China
March 30, 2002
Foshan Electrical And Lighting Co.Ltd(000541) 2021 financial statements
Consolidated balance sheet
Prepared by: Foshan Electrical And Lighting Co.Ltd(000541) unit: RMB
