Securities code: Jinfa Labi Maternity & Baby Articles Co.Ltd(002762) securities abbreviation: Jinfa Labi Maternity & Baby Articles Co.Ltd(002762) Announcement No.: 2022017
Jinfa Labi Maternity & Baby Articles Co.Ltd(002762)
Announcement on 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. Important content tips:
Jinfa Labi Maternity & Baby Articles Co.Ltd(002762) (hereinafter referred to as "the company") held the 14th meeting of the 4th board of directors on April 14, 2022, deliberated and adopted the proposal on changes in accounting policies, and agreed to the company's changes in accounting policies. This accounting policy change does not need to be submitted to the general meeting of shareholders for deliberation. The changes are announced as follows: I. overview of this accounting policy change
(I) reasons for change
In December 2018, the Ministry of Finance issued the accounting standards for Business Enterprises No. 21 - leasing (hereinafter referred to as the "new leasing standards"), which requires 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.
In January 2021, the Ministry of Finance issued the interpretation of accounting standards for Business Enterprises No. 14 (CAI Kuai [2021] No. 1) (hereinafter referred to as "Interpretation No. 14"), which will come into force on January 1, 2021. The company shall implement it from the specified date.
In December 2021, the Ministry of Finance issued the interpretation of accounting standards for Business Enterprises No. 15 (CAI Kuai [2021] No. 35) (hereinafter referred to as "Interpretation No. 15"). The content of "relevant presentation on centralized fund management" shall come into force as of the date of promulgation. The company shall implement it from the specified date.
In accordance with the above notice and the provisions and requirements of the above accounting standards for business enterprises, the company makes corresponding changes to the original accounting policies. (II) date of accounting policy change
The above accounting standards for business enterprises shall be implemented according to the starting date specified in the above documents.
(III) accounting policies adopted by the company before change
Before the change of accounting policies, the accounting standards for business enterprises - Basic Standards and various specific accounting standards issued by the Ministry of finance, the subsequent issued and revised accounting standards for business enterprises, the application guide of accounting standards for business enterprises, the interpretation announcement of accounting standards for business enterprises and other relevant provisions shall be implemented.
(IV) accounting policies adopted after change
After this accounting policy change, the company will implement the new leasing standards, Interpretation No. 14 and Interpretation No. 15. Other unchanged parts shall still be implemented by the company in accordance with the relevant provisions of the original accounting policies.
2、 Main contents of the above accounting policy changes and their impact on the company
The new lease standards mainly improve the definition of lease and add lease identification, division, merger and other contents; Cancel the classification of lessee's operating lease and financial lease, and require the recognition of right of use assets and lease liabilities for all leases (except short-term lease and low value asset lease); Improve the subsequent measurement of the lessee, and increase the revaluation of option and the accounting treatment in the case of lease change.
According to the connection provisions of the conversion between the old and new standards, the company will implement the new leasing standards from January 1, 2021. The company will adjust the amount of retained earnings at the beginning of the period and other relevant items in the financial statements according to the cumulative impact of the first implementation of the standard, and will not adjust the information of the comparable period.
The above accounting policy changes will not have a significant impact on the company's financial position, operating results and cash flow, and there is no damage to the interests of the company and shareholders.
3、 Explanation of the board of directors on the rationality of this change
After verification, the board of directors of the company believes that the change of accounting policy is a reasonable change made by the company in accordance with the requirements of relevant documents of the Ministry of finance, complies with the provisions of relevant laws, regulations and accounting standards for business enterprises, and the changed accounting policy can objectively and fairly reflect the financial status and operating results of the company without damaging the interests of the company and shareholders. It agrees with the change of accounting policy of the company.
4、 Opinions of independent directors
After review, we believe that the change of accounting policies is made by the company according to the relevant requirements of the Ministry of finance, so that the company's accounting policies comply with the relevant provisions of the Ministry of finance, China Securities Regulatory Commission and Shenzhen Stock Exchange, can objectively and fairly reflect the company's financial status and operating results, will not affect the owner's equity of the company, and will not have a significant impact on the company's financial statements. The decision-making process of this accounting policy change complies with the provisions of relevant laws, regulations and the articles of association, and there is no damage to the interests of the company and shareholders. We agree to this accounting policy change.
5、 Opinions of the board of supervisors
After review, we believe that the change of accounting policies is made by the company according to the relevant requirements of the Ministry of finance, so that the company's accounting policies comply with the relevant provisions of the Ministry of finance, China Securities Regulatory Commission and Shenzhen Stock Exchange, can objectively and fairly reflect the company's financial status and operating results, will not affect the owner's equity of the company, and will not have a significant impact on the company's financial statements.
Jinfa Labi Maternity & Baby Articles Co.Ltd(002762) board of directors April 18, 2022
