Audit report on the financial statements of 2021
catalogue
1、 Audit report 1-5 II. Audited financial statements
1. Consolidated balance sheet 1-2
2. Company balance sheet 3-4
3. Consolidated income statement five
4. Company income statement six
5. Consolidated cash flow statement seven
6. Cash flow statement of the company eight
7. Consolidated statement of changes in owner's equity 9-10
8. Statement of changes in owner's equity of the company 11-12
9. Notes to the financial statements 13-107 III. annexes
1. Business license
2. Practice certificate of accounting firm
3. Practicing certificate of project partner and certified public accountant
China Securities Tiantong Certified Public Accountants (special general partnership)
Beijing, China
Audit report
Zhong Zheng Tian Tong [2022] Zheng Shen Zi No. 0400009 Utour Group Co.Ltd(002707) all shareholders:
1、 Audit opinion
We have audited the financial statements of Utour Group Co.Ltd(002707) (hereinafter referred to as " Utour Group Co.Ltd(002707) "), including the consolidated and parent company's balance sheet as of December 31, 2021, the consolidated and company's income statement, consolidated and company's cash flow statement, consolidated and company's statement of changes in owner's equity and notes to 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 Utour Group Co.Ltd(002707) the consolidated and the company as of December 31, 2021, as well as the operating results and cash flow of the consolidated and the 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 Utour Group Co.Ltd(002707) , 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
Key audit matters are the most important matters in the audit of 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. We identified revenue recognition as a key audit matter that needs to be communicated in the audit report.
(I) revenue recognition
1. Item description
As shown in the accounting policies described in "III. main accounting policies and accounting estimates" 31 in the notes to the consolidated financial statements and "v. notes to main items of the consolidated financial statements" 39, the Utour Group Co.Ltd(002707) operating income in 2021 was 68406624259 yuan. In the case of continuous losses of the company, the operating income was regarded as a key indicator of delisting risk warning, and we identified the revenue recognition as a key audit event.
2. Audit response
Our main audit procedures are as follows:
(1) Understand and evaluate the design of internal control related to revenue recognition by Utour Group Co.Ltd(002707) management, and test the effectiveness of key control implementation.
(2) Implement analytical procedures for revenue and cost, including analysis of revenue, cost and gross profit.
(3) A sampling test was conducted for the sales revenue of tourism services, and the risk and reward terms in relevant sales contracts and orders, as well as supporting documents such as team return, activity completion and confirmation of service completion were checked to evaluate whether the relevant revenue recognition policies comply with the provisions of accounting standards for business enterprises and whether they are recognized in accordance with Utour Group Co.Ltd(002707) revenue recognition policies.
(4) For the sales revenue confirmed before and after the balance sheet date, perform the deadline test procedure to check whether the team service has been completed at the relevant time nodes, including checking the team files, flight records, sales invoices and or supplier documents, so as to evaluate whether the sales revenue is in the appropriate period and confirm whether there are cross period problems.
(II) deferred income tax assets
1. Item description
As shown in the accounting policies described in "III. main accounting policies and accounting estimates" 33 of the notes to the consolidated financial statements and "v. notes to main items of the consolidated financial statements" 18, as of December 31, 2021, Utour Group Co.Ltd(002707) the balance of deferred income tax assets at the end of the period is 32 Yunnan Yuntou Ecology And Environment Technology Co.Ltd(002200) 786 yuan, including 27272107450 yuan of deferred income tax assets recognized by deductible losses. The management believes that these deductible tax losses are likely to be used by reversing the increased taxable income in the future through the future taxable income obtained from the production and operation activities of relevant enterprises in the group and the taxable temporary differences generated in previous periods. The recognition of deferred income tax assets depends on the significant judgment of the management. When making judgment, the management needs to assess whether it can obtain sufficient taxable income in the future and the possibility of generating the above taxable income in the future. Due to the importance of the recognition of deferred income tax assets related to deductible losses to the financial statements and the significant judgment and estimation of the management involved in the prediction of future taxable income, we recognize the key audit matters that need to be communicated in the audit report.
2. Audit response
Our main audit procedures are as follows:
(1) Understand and test the management's internal control and evaluation processes related to deferred income tax assets;
(2) Obtain the financial forecast of relevant subsidiaries in the future approved by the management, and evaluate whether the management's selection of key hypothetical indicators of relevant forecast is reasonable;
(3) Analyze and compare the predicted revenue, gross profit rate and other key indicators, compare and analyze with the historical revenue, gross profit rate and relevant research data of relevant subsidiaries in Utour Group Co.Ltd(002707) group, and evaluate the rationality of revenue, gross profit rate and other relevant prediction indicators;
(4) Consult the preferential tax policies for covid-19 epidemic prevention and control, and analyze the rationality of Utour Group Co.Ltd(002707) the confirmation of deductible period;
(5) Check the disclosure of the judgment made by Utour Group Co.Ltd(002707) in the financial statements when estimating the balance of deferred income tax assets related to deductible losses that have been recognized and not recognized.
4、 Other information
The management is responsible for other information. Other information includes the information covered in the annual report of Utour Group Co.Ltd(002707) 2021, 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
Utour Group Co.Ltd(002707) the management is responsible for preparing the financial statements in accordance with 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 due to fraud or error. When preparing the financial statements, the management is responsible for evaluating the going concern ability of Utour Group Co.Ltd(002707) and disclosing the matters related to going concern (if applicable), and applying the going concern assumption, unless the management plans to liquidate Utour Group Co.Ltd(002707) , terminate the operation or has no other realistic choice.
The management is responsible for supervising the financial reporting process of Utour Group Co.Ltd(002707) .
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 assurance, but it does not guarantee that the audit performed in accordance with the audit standards will always be found when a major misstatement exists. Misstatement may be caused by fraud or error. If it is reasonably expected that the misstatement alone or in aggregate may affect the economic decisions made by the users of the financial statements based on the financial statements, the misstatement is generally considered to be significant.
In the process of auditing in accordance with the auditing standards, we use professional judgment and maintain professional suspicion. At the same time, we also carry out the following work:
(1) Identify and assess the risk of material misstatement of financial statements due to fraud or error; Design and implement audit procedures to deal with these risks and obtain sufficient and appropriate audit evidence as the basis for issuing audit opinions. Since fraud may involve collusion, forgery, intentional omission, misrepresentation or override of internal control, the risk of failing to find major misstatement caused by fraud is higher than that caused by error.
(2) Understand the internal control related to audit in order to design appropriate audit procedures, but the purpose is not to express an opinion on the effectiveness of internal control.
(3) Evaluate the appropriateness of accounting policies selected by the management and the rationality of accounting estimates and related disclosures.
(4) Draw conclusions on the appropriateness of management's use of going concern assumptions. At the same time, according to the audit evidence obtained, draw a conclusion on whether there are major uncertainties in the matters or circumstances that may lead to major doubts about Utour Group Co.Ltd(002707) 's ability to continue as a going concern. If we conclude that there are significant uncertainties, the auditing standards require us to draw the attention of report users to the relevant disclosures in the financial statements in the audit report; If the disclosure is insufficient, we should express a non unqualified opinion. Our conclusions are based on the information available as of the date of the audit report. However, future events or circumstances may cause Utour Group Co.Ltd(002707) unable to continue to operate.
(5) Evaluate the overall presentation, structure and content (including disclosure) of the financial statements, and evaluate whether the financial statements fairly reflect relevant transactions and events.
(6) Obtain sufficient and appropriate audit evidence on the financial information of Utour Group Co.Ltd(002707) entity or business activities to express an audit opinion on the financial statements. We are responsible for guiding, supervising and implementing the group audit, and take full responsibility for the audit opinions.
We communicated with the management on the planned audit scope, schedule and major audit findings, including the internal control defects that we identified in the audit.
We also provide a statement to the management that we have complied with the professional ethics requirements related to independence, and communicate with the management all relationships and other matters that may reasonably be considered to affect our independence, as well as relevant preventive measures (if applicable).
From the matters communicated with the management, we determine which matters are most important for the audit of the current financial statements, thus constituting key audit matters. We describe these matters in the audit report, unless laws and regulations prohibit the public disclosure of these matters, or in rare cases, if the negative consequences of communicating a matter in the audit report are reasonably expected to exceed the benefits in the public interest, we determine that we should not communicate the matter in the audit report.
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Certified Public Accountants of China Securities Tiantong certified public accountants: Li Chaohui
(special general partnership) (project partner)
Chinese certified public accountant: Dai Bo
Beijing, China
April 15, 2022
Utour Group Co.Ltd(002707) 2021 financial statements
Consolidated balance sheet
December 31, 2021
Prepared by: Utour Group Co.Ltd(002707) amount unit: RMB
Project note No.: December 31, 2021 December 31, 2020
Current assets:
Monetary capital v. 175625794758105303353298
Trading financial assets v. 2191879274
Notes receivable
Accounts receivable v. 31477208626519342813840
Receivables financing
Prepayment v. 4507159642117964426426
Other receivables v. 51008923245420016923388
Including: interest receivable
Dividends receivable
Inventory v. 6205875301479779429
Contract assets
Held for sale
