Securities code: Beijing Aerospace Changfeng Co.Ltd(600855) securities abbreviation: Beijing Aerospace Changfeng Co.Ltd(600855) Announcement No.: 2022021 Beijing Aerospace Changfeng Co.Ltd(600855)
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:
Beijing Aerospace Changfeng Co.Ltd(600855) (hereinafter referred to as "the company") this accounting policy change does not involve retroactive adjustment of previous years, will not have a significant impact on the company's financial status, operating results and cash flow, and will not damage the interests of the company and shareholders. 1、 Overview of changes in accounting policies
According to the accounting standards for Business Enterprises No. 14 - Revenue revised and issued by the Ministry of Finance on July 5, 2017, the new leasing standards issued on December 7, 2018 and the implementation questions and answers of accounting standards for business enterprises issued on November 2, 2021 (hereinafter referred to as the implementation questions and answers), the company will implement the new revenue standards from January 1, 2020 according to relevant requirements, Implement the new leasing standards and change relevant accounting policies from January 1, 2021. In addition to the above changes in accounting policies, 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.
This accounting policy change is in accordance with the requirements of the national unified accounting system, and does not need to be submitted to the board of directors, the board of supervisors and the general meeting of shareholders for deliberation and approval.
2、 Specific contents of accounting policy change and its impact on the company
(I) changes in accounting policies for the implementation of the new income standards
1. Reasons for changes in accounting policies
On July 5, 2017, the Ministry of Finance revised and issued the accounting standards for Business Enterprises No. 14 - Revenue (CK [2017] No. 22, hereinafter referred to as the "new revenue standards"). Enterprises listed both at home and abroad and enterprises listed overseas and preparing financial statements using international financial reporting standards or accounting standards for business enterprises shall be implemented as of January 1, 2018; Other domestic listed enterprises shall be implemented as of January 1, 2020; Non listed enterprises that implement the accounting standards for business enterprises shall go into effect as of January 1, 2021.
In addition, the accounting department of the Ministry of Finance issued the fifth batch of questions and answers on the implementation of accounting standards for business enterprises in 2021 (hereinafter referred to as "implementation questions and answers") on November 2, 2021. Among them, the confirmation and presentation of transportation costs incurred in the sales process in the Q & a related to revenue are clearly explained as follows: according to the relevant provisions of the new revenue standards, generally, the transportation activities incurred in order to perform the customer's contract before the control of the enterprise's goods or services is transferred to the customer do not constitute a single performance obligation, and the relevant transportation costs should be regarded as the contract performance costs, Amortization is carried out on the same basis as the recognition of revenue from goods or services and included in the current profit and loss. The contract performance cost shall be carried forward and included in the title of "main business cost" or "other business cost" when recognizing the revenue of goods or services, and shall be listed in the item of "operating cost" in the income statement.
2. Accounting policies adopted before change
Before this change, The company implements the accounting standards for Business Enterprises No. 14 - revenue in the notice of the Ministry of Finance on printing and distributing 38 specific standards such as accounting standards for Business Enterprises No. 1 - Inventory (CK [2006] No. 3) issued by the Ministry of Finance on February 15, 2006 and the notice of the Ministry of Finance on printing and distributing accounting standards for business enterprises - Application Guide (CK [2006] No. 18) issued by the Ministry of Finance on October 30, 2006 The accounting standards for Business Enterprises No. 4 - Revenue Application Guide (hereinafter referred to as the "original revenue standard") lists the relevant transportation costs incurred in product sales in the item of "sales expenses".
3. Accounting policies adopted after change
After this change, the company reclassified the transportation costs incurred in order to perform the customer's contract before the control of goods or services was transferred to the customer from "sales expenses" to "operating costs" in accordance with the new revenue standard and the implementation Q & A.
4. Date of accounting policy change
The company has implemented the new income standard since January 1, 2020
5. The impact of the accounting policy change on the company
Compared with the original income standard, the impact of the implementation of the new income standard on the items related to the profit statement in 2020 is shown in the following table, which does not involve the retrospective adjustment of previous years, will not have a significant impact on the company's financial status, operating results and cash flow, and will not damage the interests of the company and shareholders.
The amount of impact of the affected income statement items on the amount incurred in 2020 (the decrease is represented by "negative number")
Eye type ")
Consolidated statement parent company statement
Operating cost 357508695-
Selling expenses -357508695-
6. Other instructions
The company has implemented the new income standard since January 1, 2020, but has not separately disclosed the announcement of changes in accounting policies. In accordance with the provisions of the Listing Rules of Shanghai Stock Exchange (revised in January 2022), supplementary disclosure is made this time.
(II) changes in accounting policies for the implementation of the new lease standards
1. Reason for change
According to the new leasing standards, enterprises that are required to be listed at the same time at home and abroad and enterprises that are listed abroad and adopt international financial reporting standards or accounting standards for business enterprises to prepare financial statements shall be implemented from January 1, 2019, and other enterprises that implement accounting standards for business enterprises shall be implemented from January 1, 2021.
2. Accounting policies adopted before change
Before the change of accounting policy, the company implemented the accounting standards for Business Enterprises No. 21 - leasing issued by the Ministry of Finance in 2006 and its relevant provisions.
3. Accounting policies adopted after change
After the change of accounting policy, the company implements the new lease standard, which mainly includes the following contents: (1) under the new lease standard, except for short-term lease and low value asset lease, the lessee will no longer distinguish between financial lease and operating lease. All leases will adopt the same accounting treatment, and the right of use assets and lease liabilities need to be recognized.
(2) For the right to use assets, if the lessee can reasonably determine that it obtains the ownership of the leased assets at the expiration of the lease term, depreciation shall be accrued within the remaining service life of the leased assets. If it is impossible to reasonably determine that the ownership of the leased asset can be obtained at the expiration of the lease term, depreciation shall be accrued within the shorter of the lease term and the remaining service life of the leased asset.
At the same time, the lessee shall determine whether the right of use assets are impaired, and accounting treatment shall be carried out for the identified impairment losses. (3) For lease liabilities, the lessee shall calculate the interest expense of the lease liabilities in each period of the lease term and record it into the current profits and losses.
(4) For short-term leases and low value asset leases, the lessee may choose not to recognize the right of use assets and lease liabilities, and include them in the relevant asset costs or current profits and losses according to the straight-line method or other systematic and reasonable methods in each period of the lease term.
4. The impact of the accounting policy change on the company
According to the requirements of the above-mentioned new leasing standards, the company has disclosed the accounting statements in accordance with the requirements of the new leasing standards since January 1, 2021, and does not retroactively adjust the comparable data in 2020. Due to the change of the new leasing standards and policies, the relevant items of the financial statements at the beginning of the year of the first implementation are adjusted as follows:
Book amount before adjustment and book amount after adjustment (reclassification and remeasurement on December 31, 2020 (January 1, 2021))
assets:
Prepayment 18148124623 -6538190618082742717
Right to use assets 72519028897251902889
Deferred income tax assets 415132721410779781475229305361
Total assets 4595554282728264499130467819927402
liabilities:
853068127 non current liabilities due within one year
Lease liabilities -85306812771865209836333452856
Deferred income tax burden 12516993510779781471203148082 debt
Total liabilities 2788115501918264499130287076049321
3、 Independent opinions of independent directors on changes in accounting policies of the company
The independent directors of the company believe that the change of accounting policy is a reasonable change in accordance with the relevant provisions of the Ministry of finance. The changed accounting policy can objectively and fairly reflect the financial status and operating results of the company without damaging the interests of the company and 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. It is hereby announced.
Beijing Aerospace Changfeng Co.Ltd(600855)
Board of directors
April 1, 2022
