Securities code: Kede Numerical Control Co.Ltd(688305) securities abbreviation: Kede Numerical Control Co.Ltd(688305) Announcement No.: 2022017 Kede Numerical Control Co.Ltd(688305)
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 legal responsibility for the authenticity, accuracy and integrity of its contents according to law.
Important content tips:
Kede Numerical Control Co.Ltd(688305) (hereinafter referred to as "the company") shall implement the changed accounting policies as of January 1, 2021 and make retroactive adjustment to the amount in the same period of the previous year in accordance with the relevant provisions on the question and answer on the implementation of accounting standards for business enterprises (hereinafter referred to as "the implementation question and answer") 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 2, 2021. It is expected to have an impact on the company's "gross profit margin" and other financial indicators, and will not have a significant impact on the financial statements and other important financial indicators.
1、 Overview of changes in accounting policies
(I) reasons for this accounting policy change
In the implementation question and answer issued by the accounting department of the Ministry of Finance on November 2, 2021, "Under normal circumstances, the transportation activities before the control of the enterprise's goods or services is transferred to the customer and in order to perform the customer's contract do not constitute a single performance obligation. The relevant transportation costs shall be regarded as the contract performance costs, amortized on the same basis as the recognition of the revenue of goods or services, and included in the current profits and losses. The contract performance costs shall be carried forward and included in the" main business costs "or "Other business costs" and listed in the "operating costs" item of the income statement.
(II) date of this accounting policy change
According to the implementation question and answer issued by the Ministry of Finance on November 2, 2021, the company will implement the changed accounting policies from January 1, 2021, and retroactively adjust the amount in the same period of last year.
(III) accounting policies adopted before and after the 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. The company and its subsidiaries list the transportation cost in the "sales expense" item.
After this accounting policy change, the company will implement the relevant provisions of the implementation question and answer issued by the accounting department of the Ministry of Finance on November 2, 2021. The transportation costs incurred in performing the customer's sales contract are listed in the "operating cost" item. In addition to the above changes in accounting policies, the remaining unchanged parts are still implemented in accordance with the accounting standards for business enterprises - basic standards, various specific accounting standards, the application guide of accounting standards for business enterprises, the interpretation of accounting standards for business enterprises and other relevant provisions issued by the Ministry of finance.
2、 Details of this accounting policy change and its impact on the company
The transportation expenses incurred in performing the customer sales contract are listed in the "operating cost" item, which is expected to have an impact on the company's "gross profit margin" and other financial indicators, and will not have a significant impact on the financial statements and other important financial indicators.
The above changes in accounting policies resulted in an increase in operating costs and a decrease in sales expenses of RMB 162360358 in the consolidated statements of the company in 2021, an increase in cash paid for goods and services and a decrease in cash paid for other operating activities of RMB 162360358, an increase in operating costs and a decrease in sales expenses of RMB 162360358 in the statements of the parent company in 2021, and a decrease in the purchase of goods The increase in cash paid for labor services and the decrease in cash paid for other operating activities amounted to RMB 162360358. In 2020, the company's consolidated statements showed an increase in operating costs and a decrease in sales expenses of RMB 114336253, an increase in cash paid for goods and services and a decrease in cash paid for other operating activities of RMB 114336253, an increase in operating costs and a decrease in sales expenses of RMB 114336253 in the parent company's statements, and a decrease in the purchase of goods The increase in cash paid for labor services and the decrease in cash paid for other operating activities were RMB 114336253.
The company held the 22nd Meeting of the second board of directors on April 7, 2022, and deliberated and adopted the proposal on changes in accounting policies.
3、 Concluding observations of the independent directors and the board of supervisors
The independent directors and the board of supervisors of the company agree with the change of accounting policies, and their opinions are as follows:
(I) opinions of independent directors
This accounting policy change is a reasonable change made by the company in accordance with the relevant provisions on the implementation of accounting standards for business enterprises issued by the accounting department of the Ministry of Finance on November 2, 2021. The changed accounting policy can objectively and fairly reflect the company's financial status and operating results. The decision-making procedure of this accounting policy change complies with relevant laws and regulations and the articles of association, and there is no situation that damages the interests of the company and all shareholders, especially small and medium-sized shareholders. As an independent director of the company, we unanimously agree to the changes in the company's accounting policies.
(II) opinions of the board of supervisors
The company held the 21st Meeting of the second session of the board of supervisors on April 7, 2022, and deliberated and adopted the proposal on accounting policy change. After deliberation, the board of supervisors considered that the accounting policy change was a reasonable change in accordance with the requirements of the relevant implementation questions and answers of the accounting standards for business enterprises issued by the Ministry of Finance in 2021, and the changed accounting policy can objectively and fairly reflect the company's financial status and operating results, Comply with the provisions of relevant laws and regulations and the articles of association, and there is no situation that damages the interests of the company and all shareholders, especially the minority shareholders. We agree to the changes of the company's accounting policies.
It is hereby announced.
Kede Numerical Control Co.Ltd(688305) board of directors April 11, 2022
