Securities code: Funeng Oriental Equipment Technology Co.Ltd(300173) securities abbreviation: Funeng Oriental Equipment Technology Co.Ltd(300173) Announcement No.: 2022038 Funeng Oriental Equipment Technology Co.Ltd(300173)
Announcement on change of accounting estimate of the company
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.
Funeng Oriental Equipment Technology Co.Ltd(300173) (hereinafter referred to as "the company") held the 28th meeting of the 5th board of directors and the 18th meeting of the 5th board of supervisors on April 21, 2022, deliberated and adopted the proposal on changing accounting estimates, and agreed to change the depreciation period of fixed assets such as data operation and maintenance cabinets and special equipment and the amortization period of long-term deferred expenses affected by house reinforcement and reconstruction. This matter is within the approval authority of the board of directors of the company and does not need to be submitted to the general meeting of shareholders of the company for deliberation. The relevant information is hereby announced as follows: I. overview of the changes in accounting estimates
(I) reasons for changes in accounting estimates
In accordance with the relevant provisions of accounting standards for Business Enterprises No. 4 - fixed assets and accounting standards for Business Enterprises No. 28 - changes in accounting policies, accounting estimates and error correction, in order to more fairly reflect the company's financial position and operating results and provide investors with more reliable and accurate accounting information, The company plans to change the depreciation period of fixed assets such as data operation and maintenance cabinets and special equipment and the amortization period of long-term deferred expenses affected by house reinforcement and transformation.
(II) specific contents of changes in accounting estimates
1. Long term deferred expenses
Asset category amortization period
Amortization method
Before and after change
Average life method of plant decoration 3-40 3-24
2. Fixed assets
The original depreciation life is as follows:
Asset category depreciation method is expected to make the expected net residual year depreciation service life rate% rate%
Average age of buildings 50 5.00 1.90
Average service life of machinery and equipment 10 5.00 9.50
Average age method of transportation equipment 8 5.00 11.88
Average service life of special equipment 10-40 5.00 2.38-9.50
Office equipment and other years average method 5.00 19
The depreciation life after change is as follows:
Asset category depreciation method is expected to make the expected net residual year depreciation service life rate% rate%
Average age of buildings 50 5.00 1.90
Average service life of machinery and equipment 10 5.00 9.50
Average age method of transportation equipment 8 5.00 11.88
Average service life of special equipment 10-24 5.00 3.96-9.50
Special equipment workload method 40 5.00 2.38
Office equipment and other years average method 5.00 19
(III) date of change of accounting estimate
This accounting estimate change will be implemented from January 1, 2021.
2、 Impact of this accounting estimate change on the company
According to the provisions of accounting standards for Business Enterprises No. 28 - changes in accounting policies and accounting estimates and error correction, this change in accounting estimates adopts the future applicable method for accounting treatment, without retroactive adjustment to the financial reports of previous years, and has no impact on the financial status and operating results of previous years.
The change in the amortization period of long-term deferred expenses and the depreciation period of fixed assets will not have a significant impact on the company's net profit in the future. According to the preliminary calculation of the company's financial department, the change of accounting estimate will lead to an increase of 469100 yuan in amortization expenses and 585600 yuan in depreciation in the first three quarters of 2021, a decrease of 1054700 yuan in net profit and 1054700 yuan in net profit attributable to listed companies.
3、 Explanation of the board of directors on the rationality of this change in accounting estimates
The change of accounting estimate is a reasonable change made according to the actual situation of the company and complies with the accounting standards for business enterprises and relevant laws and regulations. The changed accounting estimate can more objectively and fairly reflect the financial status and operating results of the company. This change adopts the future applicable method, which will not affect the financial status and operating results of previous years, and there is no need for retroactive adjustment. The relevant decision-making procedures comply with the provisions of relevant laws and regulations and the articles of association, and the board of directors agrees to the change of accounting estimates.
4、 Opinions of the board of supervisors
After review, the board of supervisors believes that the change of accounting estimates conforms to the actual operation of the company and the relevant provisions of relevant laws and regulations, and can more objectively and fairly reflect the financial status and operating results of the company. The review and voting procedures of this change in accounting estimates comply with the provisions of relevant laws and regulations, and there is no damage to the interests of the company and all shareholders. We agree to this change in accounting estimates.
5、 Opinions of independent directors
After verification, the independent directors believe that the change of the company's accounting estimates complies with the relevant provisions of the accounting standards for Business Enterprises No. 28 - accounting policies, changes in accounting estimates and error correction, conforms to the actual situation of the company, can more objectively and fairly reflect the company's financial situation and operating results, and is in line with the interests of the company and all shareholders. The review procedure of this accounting estimate change complies with relevant laws and regulations and the relevant provisions of the articles of association, and does not harm the interests of the company and minority shareholders. Therefore, the independent directors unanimously agreed to the changes in the accounting estimates of the company.
It is hereby announced.
Funeng Oriental Equipment Technology Co.Ltd(300173) board of directors April 23, 2022
