Securities code: Shareate Tools Ltd(688257) securities abbreviation: Shareate Tools Ltd(688257) Announcement No.: 2022010 Shareate Tools Ltd(688257)
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:
This accounting policy change is a corresponding change made by Suzhou Xinrui Alloy Co., Ltd. (hereinafter referred to as "the company") in accordance with the relevant provisions of the question and answer on the implementation of accounting standards for business enterprises issued by the Ministry of Finance on November 1, 2021. It will not have a significant impact on the company's total assets, total liabilities, net assets and net profit in the current period and before the change of accounting policy.
1、 Overview of this accounting policy change
The accounting department of the Ministry of Finance issued the fifth batch of questions and answers of the Ministry of Finance on the implementation of accounting standards for business enterprises in 2021 (hereinafter referred to as "implementation questions and answers") on November 1, 2021. In the implementation questions and answers, it was clear that the transportation costs incurred to perform the customer's contract before the control of the enterprise's goods or services was transferred to the customer should be regarded as the contract performance costs, amortized on the same basis as the recognition of goods or services revenue, and included in the current profits and losses. The contract performance cost shall be carried forward and included in the title of "main business cost" or "other business cost" when recognizing the revenue of goods or services, and shall be listed in the item of "operating cost" in the income statement.
According to the above requirements, the company reclassifies the transportation costs incurred in performing the customer's sales contract from "sales expenses" to "operating costs" from January 1, 2021 before the control of the goods is transferred to the customer.
2、 Impact of this accounting policy change on the company
(I) accounting policies adopted before this change
Before the change of accounting policy, the company listed the transportation costs incurred in performing the customer sales contract in the "sales expenses" item.
(II) accounting policies adopted after this change
After this accounting policy change, according to the relevant implementation Q & A regulations of the Ministry of finance, the company decided to list the transportation costs incurred in performing the customer sales contract in the "operating cost" item from January 1, 2021.
(III) details of the change and its impact on the company
According to the implementation of Q & A requirements, the transportation costs incurred before the transfer of commodity control to the customer and in order to perform the sales contract shall be reclassified from "sales expenses" to "operating costs"; The related cash outflow shall be reclassified from "other cash paid related to operating activities" to "cash paid for purchasing goods and receiving labor services".
The company prepares the financial statements for 2021 and subsequent periods in accordance with the implementation Q & A requirements of the accounting department of the Ministry of finance, and retroactively adjusts the financial statements for 2020. The impact of the company's implementation of Q & A on the financial statements is as follows:
Unit: Yuan
Amount of financial statement items incurred in 2020 implementation Q & A amount incurred in 2020 (before accounting policy change) affected amount (after accounting policy change)
Consolidated statements:
Selling expenses 29 Konka Group Co.Ltd(000016) 06 - 3718193502528182256
Operating cost 4410455694137181935044476376291
Other cash paid related to operating activities 6785353284 -3718193506413533934
Cash paid for purchasing goods and receiving labor services 30985026737181935031356899617 statement of parent company:
Sales expenses 1318712196 -2738086311044903565
Operating cost 3797999661127380863138253805242
Other cash paid related to operating activities 4363314175 -2738086314089505544
Cash paid for purchasing goods and receiving labor services 2835872053727380863128632529168
3、 Opinions of independent directors and board of supervisors
(I) opinions of independent directors
The independent directors believe that the change of accounting policy is a reasonable change according to the requirements of relevant documents of the Ministry of finance, and there is no situation that damages the legitimate rights and interests of the company and all shareholders, especially the interests of minority shareholders. This accounting policy change can more objectively and fairly reflect the company's financial situation and operating results. The decision-making procedures of the board of directors on this matter comply with the provisions of relevant laws and regulations and the articles of association. Therefore, the independent directors of the company agreed to the change of accounting policies of the company.
(II) opinions of the board of supervisors
The board of supervisors believes that the change of the company's accounting policy is a reasonable change in accordance with the requirements of relevant documents of the Ministry of finance, in line with the accounting standards for business enterprises and relevant regulations and the actual situation of the company. The revised accounting policy can more objectively and fairly reflect the company's financial situation and operating results, and there is no damage to the interests of the company and the legitimate rights and interests of shareholders. The decision-making procedures of this accounting policy change comply with the provisions of relevant laws, regulations and the articles of association. Therefore, the board of supervisors of the company agreed to the change of accounting policies of the company.
It is hereby announced.
Shareate Tools Ltd(688257) board of directors April 20, 2022
