Securities code: Guizhou Chanhen Chemical Corporation(002895) securities abbreviation: Guizhou Chanhen Chemical Corporation(002895) Announcement No.: 2022052 convertible bond Code: 127043 convertible bond abbreviation: CHUANHENG convertible bond
Guizhou Chanhen Chemical Corporation(002895)
Announcement of changes in accounting policies
The company and all members of the board of directors guarantee that the information disclosed is true, accurate and complete without false records, misleading statements or major omissions.
1、 Overview of changes in accounting policies
The Ministry of Finance revised and issued the accounting standards for Business Enterprises No. 21 - leasing (CK [2018] No. 35) (hereinafter referred to as the "new leasing standards") in December 2018, requiring enterprises listed at home and abroad and enterprises listed abroad and preparing financial statements using international financial reporting standards or accounting standards for business enterprises to take effect from January 1, 2019; Other enterprises that implement the accounting standards for business enterprises shall be implemented as of January 1, 2021. The company will implement the new leasing standards from January 1, 2021.
In November 2021, 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, to make clear: "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 costs' when the revenue of goods or services is recognized "Business cost" and listed in the "operating cost" item of the income statement. "
In addition to the above changes in accounting policies, other unchanged parts shall still be implemented in accordance with 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 provisions issued by the Ministry of Finance in the early stage.
2、 Impact of this accounting policy change on the company
The company will implement the new leasing standards from January 1, 2021. According to the provisions of the standards, the company chooses to adjust the amount of retained earnings and other relevant items in the financial statements at the beginning of the year when the new lease standards are first implemented according to the cumulative impact of the first implementation of the new lease standards, and does not adjust the information of comparable periods.
In 2021, the company did not need to adjust the items related to the financial statements at the beginning of the year due to the implementation of the new leasing standards, so the first implementation of the new leasing standards had no material impact on the financial report of the company in 2021.
At the same time, according to the implementation Q & A of the accounting department of the Ministry of finance, the company adjusted the transportation expenses related to the contract from sales expenses to operating costs in 2021. The impact on the financial statements is only the reclassification of income statement items, and has no impact on the company's operating performance in 2021.
The change of accounting policy is the corresponding change according to the latest accounting standards revised by the Ministry of finance. The changed accounting policy can objectively and fairly reflect the company's financial status and operating results, and comply with the provisions of relevant laws and regulations and the actual situation of the company. This accounting policy change will not have a significant impact on the company's financial situation, operating results and cash flow, and there is no damage to the interests of the company and shareholders.
It is hereby announced.
Guizhou Chanhen Chemical Corporation(002895)
Board of directors
April 16, 2022
