Leyard Optoelectronic Co.Ltd(300296) audit report and financial statements for the year 2021
Leyard Optoelectronic Co.Ltd(300296)
Audit report and financial statements
(from January 1, 2021 to December 31, 2021)
Table of contents page
1、 Audit report 1-7 II. Financial statements
Consolidated balance sheet and parent company balance sheet 1-4 consolidated income statement and parent company income statement 5-6 consolidated cash flow statement and parent company cash flow statement 7-8 consolidated statement of changes in owner's equity and parent company statement of changes in owner's equity 9-12 notes to financial statements 1-172
audit report
Xin Hui Shi Bao Zi [2022] No. zb10344 Leyard Optoelectronic Co.Ltd(300296) all shareholders:
1、 Audit opinion
We have audited the financial statements of Leyard Optoelectronic Co.Ltd(300296) (hereinafter referred to as Leyard Optoelectronic Co.Ltd(300296) ), including the consolidated and parent company's balance sheet as of December 31, 2021, the consolidated and parent company's income statement, consolidated and parent company's cash flow statement, consolidated and parent company's statement of changes in owner's 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 Leyard Optoelectronic Co.Ltd(300296) the consolidated and parent company as of December 31, 2021 and the operating results and cash flow of the consolidated and parent 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 Leyard Optoelectronic Co.Ltd(300296) , 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
The key audit matters are the most important matters that we consider to audit 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.
The key audit matters identified in our audit are summarized as follows:
Key audit matters how to deal with them in the audit
(I) impairment of goodwill and intangible assets with uncertain service life
Key audit matters how to deal with them in the audit
For the impairment test policy of intangible assets, see Appendix III (XX) for the implementation of impairment test of intangible assets; The main procedures include:
Notes V and XX on the disclosure of intangible assets with uncertain service life (1) understanding, evaluation and testing Leyard Optoelectronic Co.Ltd(300296) ; Notes v. (XX) on the disclosure of goodwill related to the impairment test of long-term assets internal control;
1） B. (2) Understand and evaluate the long-term asset impairment test policies and methods adopted by the management as of December 31, 2021; The net book value of goodwill in Germany is 932596500. (3) review the recognition of the asset group by the management and whether the allocation method of intangible assets and goodwill with uncertain service life meets the net book value of 331546800 yuan. The provisions of the accounting standards for business enterprises; At least at the end of each year, Germany will carry out inter year impairment test on goodwill and (4) intangible assets with uncertain actual service life of relevant asset groups in this year and the predicted impairment test of previous years. The data are compared to evaluate whether the Leyard Optoelectronic Co.Ltd(300296) management is reliable for the asset group or combination of asset groups related to goodwill in the impairment test of the management; For example, it is necessary to estimate the growth rate of intangible assets (including the growth rate of gross income, the discount rate of gross income) and whether it is related to the estimation of the critical service life of intangible assets, and whether it is necessary to determine the discount rate of intangible assets, such as the growth rate of gross income and the discount rate of intangible assets;
Make significant estimates and judgments. (6) External experts are employed to make significant judgments on the asset group or combination of asset groups and intangible assets related to goodwill and uncertain service life, and the management needs to make significant judgments on the intangible assets with uncertain service life. Therefore, we evaluate the goodwill and review the evaluation results of experts and intangible assets with uncertain service life. The impairment of should be paid attention to as a key audit matter. (II) impairment of accounts receivable and contract assets. For the impairment of accounts receivable and contract assets, see note III (x) for our policies on accounts receivable and contract assets; The following audit procedures are implemented for the impairment of receivables: see note V for the disclosure of accounts and contract assets. (1) understand and evaluate the relationship between management and receivables (IV) and note V and (IX). As of December 31, 2021, the design and operation of the internal control of Leah was effective, and the book value of accounts receivable was 29978272;
Key audit matters how to deal with them in the audit
(2) the sum of accounts receivable of the evaluation management is 18.92%, and the book value of contract assets and the provision policy for bad debt reserves are 20577397 million yuan, accounting for 18% of the total assets of the current period;
12.98% of the amount.
(3) Review and evaluate the requirements of the accounting standards for Business Enterprises No. 22 - recognition and measurement of reasonable instruments in the expected credit loss model of financial reserves and the accounting standards for Business Enterprises No. 8 - impairment of assets, which are used by the management to estimate the impairment of accounts receivable and contract assets at the end of the period Leyard Optoelectronic Co.Ltd(300296) the management takes the expected credit loss as the (4) select the aging basis of sample accounts receivable, the accuracy of the classification of accounts receivable and contract assets and the asset group of contract assets, conduct impairment accounting treatment, and confirm the loss for testing; prepare The management considers all available (5) select samples to implement accounts receivable and reasonable and based information (including forward-looking contract asset letter procedures and post inspection information) to evaluate and recover the expected credit loss and verify its recoverability. Valuation involves the management's use of significant accounting estimates and judgments. Due to the large amount of accounts receivable and contract assets at the end of the period and involving the use of significant accounting estimates and judgments by the management, we pay attention to the impairment of accounts receivable and contract assets as a key audit matter. (III) revenue recognition see note III (XXVI) for the accounting policies on revenue recognition; See note V (47) for the disclosure of revenue recognition sub procedures including:. The sales of LED intelligent display products and the main business income of cultural tourism Leyard Optoelectronic Co.Ltd(300296) are mainly from the tourism project contract: in the sales of LED intelligent display products, city (1) understand, evaluate and test the key internal control items related to the construction of Leyard Optoelectronic Co.Ltd(300296) landscape lighting project and cultural tourism and revenue recognition, and the main business income system in 2021;
88411324 million yuan, an increase of (2) 33.44% over the previous year. And the time of control transfer, select LED intelligent display products and cultural tourism sales contracts, check and identify key contract items, distinguish the products and funds to be installed, and evaluate the effectiveness of Leyard Optoelectronic Co.Ltd(300296) revenue recognition policy
Key audit matters how to deal with them in the audit
There is no need to install the product. No installation is usually appropriate; When the delivered goods arrive at the place of delivery agreed in the contract (3) confirm the revenue and point or when the goods are collected by the buyer in combination with the product type, analyze the gross profit situation, judge whether there is abnormal fluctuation in the amount of closing sales revenue in the current period, and have the right to transfer the documents to confirm the actual operating revenue; Present; The products to be installed are usually confirmed in the supporting documents related to revenue recognition, including the realization of revenue recognition, when the important and abnormal samples of products (4) are selected to check the completion of installation and accepted by the other party. Contracts, sales records, shipping documents and urban landscape lighting projects shall be recognized in accordance with enterprise payment documents, signing records, etc., to verify the authenticity and accuracy of the recognition in accordance with the accounting standards for revenue No. 14 - revenue. (5) record the income before and after the balance sheet date. For the revenue transaction of urban landscape lighting project contract investment, select samples and check the warehouse list and other supporting documents of the amount of revenue and expenditure accounting for the estimated total cost of the contract, so as to evaluate and determine whether the important judgment and income involving the management are recorded in the appropriate accounting estimation, including the scope and period of delivery and service. Estimated total contract revenue and estimated contract assembly (6) select samples to confirm with customers. The, remaining project costs and contract risks, as well as the recoverability of project costs of completed and unsettled urban landscape lighting projects on the balance sheet date. (1) Understand and test Leyard Optoelectronic Co.Ltd(300296) construction contract. Since operating revenue is the internal control of Leyard Optoelectronic Co.Ltd(300296) 's key business revenue recognition process and one of the performance indicators, there is an inherent risk that the management manipulates the preparation of the confirmation time point book and calculates the revenue according to the performance progress in order to achieve the specific objectives or expectations, including the expected revenue of the contract and the expected revenue of the contract; Confirm to be closed as a key audit matter (2) obtain the contract list of projects under construction, note. Check the implementation of corresponding construction contracts, settlement and collection and other specific contracts;
(3) Obtain the detailed list of the estimated total cost of the project under construction and review its rationality; (4) Select major projects for on-site inventory and cut-off test, and check whether the collection of incurred costs is accurate;
(5) Substantive tests have been carried out to check the progress of project performance and check whether the company has taken root
Key audit matters how to deal with them in the audit
According to the input method, the income is recognized within a period of time
Revenue from construction contracts recognized in accounting policies
Enter;
(6) Select samples to confirm with customers.
4、 Other information
Leyard Optoelectronic Co.Ltd(300296) Management (hereinafter referred to as management) is responsible for other information. Other information includes the information covered in 3 Hubei W-Olf Photoelectric Technology Co.Ltd(002962) 021 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
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 caused by fraud or error.
When preparing the financial statements, the management is responsible for assessing Leyard Optoelectronic Co.Ltd(300296) 's ability to continue as a going concern, disclosing matters related to going concern (if applicable), and applying the assumption of going concern, unless liquidation is planned, operation is terminated or there is no other realistic choice.
The management is responsible for supervising the financial reporting process of Leyard Optoelectronic Co.Ltd(300296) .
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
