Simulated audit report Zhang Jia Jie Tourism Group Co.Ltd(000430) Huanglongdong Tourism Development Co., Ltd
Rong Cheng Shen Zi [2022] No. 230z0264
Rongcheng Certified Public Accountants (special general partnership)
Beijing, China
Beijing Institute of Certified Public Accountants
Business report unified coding reporting system
Unified business reporting code: 110100322022857 Aerospace Ch Uav Co.Ltd(002389)
Zhang Jia Jie Tourism Group Co.Ltd(000430) Huanglongdong Tourism Development Co., Ltd. name of audit report:
report
Report No.: Rong Cheng Shen Zi [2022] No. 230z0264
Name of audited (inspected) unit: Zhang Jia Jie Tourism Group Co.Ltd(000430) Huanglongdong Tourism Development Co., Ltd
Name of accounting firm: Rongcheng accounting firm (special general partnership)
Business type: financial statement audit
Report opinion type: unqualified opinion
Report date: April 1, 2022
Filing date: April 1, 2022
Huang Jingchen (34010 Shaanxi Zhongtian Rocket Technology Co.Ltd(003009) 5),
Signed by:
Wang Shuyan (110100323851)
(information can be queried by scanning QR code or logging into the official website of Beijing injection Association)
Note: this filing information only proves that the report has been filed with the Beijing Institute of certified public accountants, and does not mean that the Beijing Institute of Certified Public Accountants makes any form of guarantee for the content of the report in any sense.
Registered capital: 100 million yuan
Registered address: second floor, Huanglongdong scenic area central theater, SUOXIYU sub district office, Wulingyuan District, Zhang Jia Jie Tourism Group Co.Ltd(000430) City, Hunan Province business scope: tourism resource development; Theatrical performances and venue services; Production and sales of tourism craft products; Coffee shop service, tea art service and conference service; Business services; Accommodation and catering services (limited to branches operating with licenses); Water recreation services; China tourism business services; Tourist passenger transport and related supporting services in the scenic spot; Organization and planning of cultural activities. (for projects subject to approval according to law, business activities can be carried out only after approval by relevant departments)
Approval date of financial statements: the financial statements were approved by the board of directors on April 1, 2022. Two. The basis for the preparation of simulated financial statements.
1. Preparation basis
The preparation of this simulated financial statement has the following assumptions and preconditions:
(1) It is assumed that Huanglong cave tourism has been established at the beginning of the reporting period;
(2) It is assumed that Huanglongdong Investment Co., Ltd. has put the cruise business and related assets, liabilities and personnel into Huanglongdong tourism since the beginning of the reporting period;
(3) Before April 30, 2020, the tickets of Huanglongdong cruise ship and scenic spot will be charged by one ticket system. The notice of Zhang Jia Jie Tourism Group Co.Ltd(000430) Municipal Development and Reform Commission on adjusting the price of tickets and related services in Huanglong Cave Scenic Spot (Zhang Fa Gai Jia Fei [2020] No. 56) approved the ticket price of the scenic spot as 60.00 yuan / person and the boat ticket price as 36.00 yuan / person. This simulation report assumes that the above price approval has taken effect at the beginning of the report period.
(4) On April 30, 2021, Wulingyuan District People’s Government of Zhang Jia Jie Tourism Group Co.Ltd(000430) City, Hunan Province, Huanglongdong Investment Co., Ltd. and Huanglongdong tourism signed the entrusted operation contract of transportation in Huanglongdong scenic spot. Wulingyuan District People’s government agreed that Huanglongdong tourism should share the entrusted operation fee agreed in the original entrusted operation contract at the proportion of 37.50% as the entrusted operation fee of transportation operation in Huanglongdong scenic spot. This simulation report assumes that the above documents have taken effect at the beginning of the reporting period. On the premise of meeting the above assumptions, the company prepares the financial statements on the basis of going concern, according to the actual transactions and events, and in accordance with the accounting standards for business enterprises and its application guidelines and standard interpretation. In addition, the company also disclosed relevant financial information in accordance with the rules for the preparation of information disclosure of companies offering securities to the public No. 15 – General Provisions on financial reports (revised in 2014) of the CSRC.
2. Going concern
The company has evaluated the continuous operation ability of the company for 12 months since the end of the reporting period, and no matters affecting the continuous operation ability of the company are found. It is reasonable for the company to prepare financial statements based on continuous operation.
3、 Important accounting policies and accounting estimates
The following important accounting policies and accounting estimates of the company are formulated in accordance with the accounting standards for business enterprises. The business not mentioned shall be implemented in accordance with the relevant accounting policies in the accounting standards for business enterprises.
1. Statement of following the preparation basis described in Note 2
In addition to the simulation assumptions in the preparation basis described in Note 2, the simulated financial statements prepared by the company meet the requirements of the accounting standards for business enterprises and fairly reflect the simulated financial status, simulated operating results and other relevant information of the company.
2. Accounting period
The accounting year of the company starts from January 1 to December 31 of the Gregorian calendar.
3. Business cycle
The normal business cycle of the company is one year.
4. Recording currency
The recording currency of the company is RMB.
5. Classification of joint venture arrangement and accounting treatment method of joint operation
Joint venture arrangement refers to an arrangement jointly controlled by two or more participants. The joint venture arrangement of the company is divided into joint operation and joint venture.
(1) Joint operation
Joint operation refers to the joint venture arrangement in which the company enjoys the relevant assets of the arrangement and undertakes the relevant liabilities of the arrangement.
The company recognizes the following items related to its share of interests in joint operation and conducts accounting treatment in accordance with the provisions of relevant accounting standards for business enterprises:
① Recognize the assets held separately and jointly held assets according to their shares;
② Recognize the liabilities undertaken individually and jointly according to their shares;
③ Recognize the income generated from the sale of its share of joint operation output;
④ Recognize the income generated from the sale of output in the joint operation according to its share;
⑤ Recognize the expenses incurred separately and the expenses incurred in joint operation according to their share.
(2) Joint venture
A joint venture refers to a joint venture arrangement in which the company has rights only to the net assets of the arrangement.
The company carries out accounting treatment for the investment of joint ventures in accordance with the provisions of equity method accounting related to long-term equity investment. 6. Determination criteria of cash and cash equivalents
Cash refers to the cash on hand and deposits that can be used for payment at any time. Cash equivalents refer to short-term (generally due within three months from the date of purchase), highly liquid, easy to convert into known amount of cash and low risk of value change.
7. Foreign currency business and translation of foreign currency statements
(1) Determination method of conversion exchange rate in foreign currency transactions
During the initial recognition of foreign currency transactions, the company adopts the spot exchange rate on the transaction date or the exchange rate determined according to a systematic and reasonable method and similar to the spot exchange rate on the transaction date (hereinafter referred to as the approximate exchange rate of the spot exchange rate) to convert it into the bookkeeping currency.
(2) Translation method of foreign currency monetary items on the balance sheet date
On the balance sheet date, foreign currency monetary items are translated at the spot exchange rate on the balance sheet date. The exchange difference arising from the difference between the spot exchange rate on the balance sheet date and the spot exchange rate on the initial recognition or the previous balance sheet date shall be included in the current profit and loss. Foreign currency non monetary items measured at historical cost shall still be translated at the spot exchange rate on the transaction date; Foreign currency non monetary items measured at fair value are translated at the spot exchange rate on the date when the fair value is determined. The difference between the amount of the converted bookkeeping functional currency and the amount of the original bookkeeping functional currency is included in the current profit and loss.
(3) Translation method of foreign currency statements
Before converting the financial statements of overseas operations of the enterprise, first adjust the accounting period and accounting policies of overseas operations to make them consistent with the accounting period and accounting policies of the enterprise, then prepare the financial statements in corresponding currencies (currencies other than the bookkeeping base currency) according to the adjusted accounting policies and accounting periods, and then convert the financial statements of overseas operations according to the following methods: ① assets and liabilities in the balance sheet, If the “spot exchange rate” is adopted for the conversion of undistributed items on the balance sheet date, the “spot exchange rate” shall be adopted for the conversion of undistributed items.
② The income and expense items in the income statement are translated at the spot exchange rate on the transaction date or the approximate exchange rate of the spot exchange rate.
③ Foreign currency cash flows and cash flows of overseas subsidiaries are translated at the spot exchange rate on the date of cash flow or the approximate exchange rate of the spot exchange rate. The amount of impact of exchange rate changes on cash shall be separately presented in the cash flow statement as an adjustment item.
④ When preparing the consolidated financial statements, the translation difference of foreign currency financial statements shall be separately listed as “other comprehensive income” under the owner’s equity item in the consolidated balance sheet.
When disposing of an overseas operation and losing control, the translation balance of foreign currency statements related to the overseas operation listed under the owner’s equity item in the balance sheet shall be transferred to the current profit and loss of disposal in whole or in proportion to the disposal of the overseas operation. 8. Financial instruments
Financial instruments refer to the contracts that form the financial assets of one party and the financial liabilities or equity instruments of other parties. (1) Recognition and derecognition of financial instruments
When the company becomes a party to the financial instrument contract, relevant financial assets or financial liabilities are recognized.
Financial assets that meet one of the following conditions shall be derecognized:
① The contractual right to receive the cash flow of the financial asset is terminated;
② The financial asset has been transferred and meets the conditions for derecognition of the following financial asset transfer.
If the current obligations of a financial liability have been discharged in whole or in part, the recognition of the financial liability or part thereof shall be terminated. If the company (debtor) and the creditor sign an agreement to replace the existing financial liabilities by undertaking new financial liabilities, and the contract terms of the new financial liabilities and the existing financial liabilities are substantially different, the existing financial liabilities shall be derecognized and the new financial liabilities shall be recognized at the same time. If the company makes a substantial modification to the contract terms of the original financial liability (or part thereof), it shall terminate the original financial liability and recognize a new financial liability in accordance with the modified terms.
Financial assets bought and sold in a conventional way shall be recognized and derecognized according to the transaction date. Conventional trading of financial assets refers to the delivery of financial assets in accordance with the provisions of the contract and at the time schedule determined by laws and regulations or market practices. Trading day refers to the date on which the company promises to buy or sell financial assets.
(2) Classification and measurement of financial assets
At the time of initial recognition, the company classifies financial assets into: financial assets measured at amortized cost, financial assets measured at fair value with changes included in current profits and losses, and financial assets measured at fair value with changes included in other comprehensive income according to the business model of managing financial assets and the contractual cash flow characteristics of financial assets. Unless the company changes the business model of managing financial assets, in this case, all affected relevant financial assets shall be reclassified on the first day of the first reporting period after the change of business model, otherwise financial assets shall not be reclassified after initial recognition.
Financial assets are measured at fair value at initial recognition. For the financial assets measured at fair value and whose changes are included in the current profit and loss, the relevant transaction costs are directly included in the current profit and loss, and the relevant transaction costs of other types of financial assets are included in their initial recognition amount. For notes and accounts receivable arising from the sale of goods or the provision of labor services, which do not include or consider major financing components, the company will conduct initial measurement according to the transaction price defined in the income standard.
The subsequent measurement of financial assets depends on their classification:
① Financial assets measured at amortized cost
Financial assets that meet the following conditions at the same time are classified as financial assets measured at amortized cost: the business model of the company’s management of the financial assets is to collect contract cash flow; The contractual terms of the financial assets stipulate that the cash flow generated on a specific date is only the payment of the principal and interest based on the outstanding principal amount. For such financial assets, the effective interest rate method is adopted for subsequent measurement according to the amortized cost, and the gains or losses arising from derecognition, amortization or impairment according to the effective interest rate method are included in the current profit and loss.
② Financial assets measured at fair value with changes included in other comprehensive income
Financial assets that meet the following conditions at the same time are classified as financial assets measured at fair value and whose changes are included in other comprehensive income: the business model of the company’s management of the financial assets is to target both the collection of contractual cash flow and the sale of financial assets; The contractual terms of the financial assets stipulate that the cash flow generated on a specific date is only the payment of the principal and interest based on the outstanding principal amount. Such financial assets are subsequently measured at fair value. Except that impairment losses or gains and exchange gains and losses are recognized as current profits and losses, the changes in the fair value of such financial assets are recognized as other comprehensive income. Until the financial assets are derecognized, the accumulated gains or losses are transferred to current profits and losses. However, the relevant interest income of the financial asset calculated by the effective interest rate method is included in the current profit and loss.
The company irrevocably chooses to designate some non tradable equity instrument investments as financial assets measured at fair value and whose changes are included in other comprehensive income. Only the relevant dividend income is included in the current profit and loss, and the changes in fair value are recognized as other comprehensive income. Until the recognition of the financial asset is terminated, its cumulative gains or losses are transferred to retained earnings. ③ Financial assets measured at fair value through profit or loss
Financial assets other than the above financial assets measured at amortized cost and those measured at fair value with changes included in other comprehensive income are classified as financial assets measured at fair value with changes included in current profits and losses. For such financial assets, the fair value is adopted for subsequent measurement, and all changes in fair value are included in the current profit and loss. (3) Classification and measurement of financial liabilities
The company classifies financial liabilities into financial liabilities measured at fair value and whose changes are included in the current profits and losses, loan commitments and financial guarantee contract liabilities for loans lower than the market interest rate, and financial liabilities measured at amortized cost.
The subsequent measurement of financial liabilities depends on their classification:
① Financial liabilities measured at fair value through profit or loss
Such financial liabilities include trading financial liabilities (including derivatives belonging to financial liabilities) and financial liabilities designated as
