Securities code: Jiangsu Bide Science And Technology Co.Ltd(605298) securities abbreviation: Jiangsu Bide Science And Technology Co.Ltd(605298) Announcement No.: 2022011 Jiangsu Bide Science And Technology Co.Ltd(605298)
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 individual and joint liabilities for the authenticity, accuracy and completeness of its contents.
Jiangsu Bide Science And Technology Co.Ltd(605298) (hereinafter referred to as "the company") held the fourth meeting of the third board of directors and the fourth meeting of the third board of supervisors on April 20, 2022, and deliberated and adopted the proposal on accounting policy change. This proposal does not need to be submitted to the general meeting of shareholders for deliberation. The specific conditions of this accounting policy change are announced as follows:
1、 Overview of changes in accounting policies
1. Reasons for changes in accounting policies
In November 2021, the accounting department of the Ministry of Finance issued a question and answer on the implementation of accounting standards for Business Enterprises No. 14 - revenue, It is pointed out that "generally, 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, and the relevant transportation costs should 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 profit and loss. The contract performance costs should be carried forward and included in the" main business costs "or "Other business costs" and listed in the "operating costs" item of the income statement.
2. Accounting policies adopted before 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 of the income statement.
3. Changed accounting policies
After this accounting policy change, the company listed the transportation costs incurred in performing the customer sales contract in the "operating costs" item of the income statement in accordance with the relevant implementation Q & A regulations of the accounting department of the Ministry of finance.
4. Change date
Since January 1, 2021, the company has made corresponding changes to the relevant accounting policies originally adopted.
2、 Details of changes in accounting policies and their impact on the company
The impact of transportation fee adjustment on the financial statements of 2021 is as follows:
Consolidated balance sheet:
Change and base note before changing items
Inventory 1083670963310989424577152714944
Selling expenses 17037456101154528120 - 549217490
Operating cost 1314435084513540853391396502546
Balance sheet of parent company:
Change and base note before changing items
Inventory 1032055068810473265632152714944
Sales expenses 17022326101154528120 - 547704490
Operating cost 1331586188513710851431394989546
3、 Concluding comments of independent directors and board of supervisors
The independent directors of the company believe that the company has made corresponding changes to the accounting policies according to the requirements of the documents of the Ministry of finance of the people's Republic of China. The changed accounting policies comply with the relevant provisions of the Ministry of finance, and there is no situation that damages the interests of the company and shareholders. This accounting policy change can more objectively and fairly reflect the company's financial situation and operating results, and provide investors with more reliable and accurate accounting information. The procedures of this accounting policy change comply with relevant laws and regulations and the articles of association, and the company agrees to this accounting policy change.
The board of supervisors of the company believes that this change of 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, in line with the actual situation of the company, the implementation of the new accounting policy can objectively and fairly reflect the financial status and operating results of the company, and the decision-making procedure of this change of accounting policy is in line with the provisions of relevant laws, regulations and the articles of association, There are no circumstances that harm the interests of the company and shareholders, and we agree to the change of the company's accounting policy.
4、 Documents for future reference
1. Resolutions of the fourth meeting of the third board of directors;
2. Resolutions of the fourth meeting of the third board of supervisors;
3. Independent opinions of independent directors on relevant proposals of the fourth meeting of the third board of directors
It is hereby announced.
Jiangsu Bide Science And Technology Co.Ltd(605298) board of directors
April 21, 2022
