Palm Eco-Town Development Co.Ltd(002431) audit report and financial statements for the year 2021
Palm Eco-Town Development Co.Ltd(002431)
Audit report and financial statements
(from January 1, 2021 to December 31, 2021)
Table of contents page
1、 Audit report 1-4 II. Financial statements
Consolidated balance sheet and parent company balance sheet 1-4 consolidated income statement and parent company income statement 5-6 consolidated cash flow statement and parent company cash flow statement 7-8 consolidated statement of changes in owner's equity and parent company statement of changes in owner's equity 9-12 notes to financial statements 1-178
audit report
Xin Hui Shi Bao Zi [2022] No. zm10056 Palm Eco-Town Development Co.Ltd(002431) all shareholders:
1、 Audit opinion
We have audited the financial statements of Palm Eco-Town Development Co.Ltd(002431) (hereinafter referred to as Palm Eco-Town Development Co.Ltd(002431) ), including the consolidated and parent company's balance sheet as of December 31, 2021, the consolidated and parent company's income statement, consolidated and parent company's cash flow statement, consolidated and parent company's statement of changes in owner's equity and notes to relevant 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 Palm Eco-Town Development Co.Ltd(002431) the consolidated and parent company as of December 31, 2021 and the operating results and cash flow of the consolidated and parent 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. According to the code of professional ethics for Chinese certified public accountants, we are independent of Palm Eco-Town Development Co.Ltd(002431) , 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
The key audit matters are the most important matters that we consider to audit 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.
The key audit matters identified in our audit are summarized as follows:
Key audit matters how to deal with them in the audit
(I) recognition of income from landscape engineering
Audit response
Our main audit procedures include:
1. Based on the assumption that there is a risk of fraud in revenue recognition
What types of revenue, revenue transactions or recognition lead to
Fraud risk;
As stated in the note "v. (44) operating revenue and operating profit 2. Understand and test the cost of determining the performance schedule according to the output method", the internal control related to Palm Eco-Town Development Co.Ltd(002431) financial statements in 2021 determines its dependability;
The listed operating income is 4045893500 yuan, of which garden 3. Understand and test the internal control related to the estimated total cost
Its dependability is 120000 yuan, accounting for of the project income; 86.52% of the consolidated operating income in. As stated in the note "III. (II) (IV) revenue of revenue and cost in accordance with Palm Eco-Town Development Co.Ltd(002431) accounting policies", Palm Eco-Town Development Co.Ltd(002431) construction contract selects samples according to the bank analysis procedure and rechecks the management's recognition of revenue in the recognition period method, which belongs to the performance of separate contracts, recognition of individual performance obligations and determination of transaction price within a certain period of time
Whether the judgment of contract revenue, management style and other aspects of performance obligations is accurate;
The management level shall make judgment in identifying the contract, identifying individual performance obligations and determining 5. Performing detail test, spot checking whether the performance progress has passed the transaction price, etc., and whether it is confirmed by Party A or the supervisor and attached with appropriate accounting estimates Palm Eco-Town Development Co.Ltd(002431) garden project revenue amount, re approved estimated total cost, etc;
Large, and it is an important source of profits. 6. On site inspection, spot check major projects and verify the progress of performance
Therefore, we identified it as a key audit matter. Whether the degree is consistent with the actual situation;
7. Select the projects with large output value confirmed in this period, and
Progress, accumulated recognized income and recognized income of this year to Party A
The party independently sent a letter to confirm the authenticity of the income from the garden project
And accuracy.
Our review on the recognition of garden project income
The calculation procedure includes but is not limited to the above countermeasures.
4、 Other information
Palm Eco-Town Development Co.Ltd(002431) Management (hereinafter referred to as management) is responsible for other information. Other information includes the information covered in the annual report of Palm Eco-Town Development Co.Ltd(002431) 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
The management is responsible for preparing the financial statements in accordance with the provisions of 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 caused by fraud or error.
When preparing the financial statements, the management is responsible for evaluating the going concern ability of Palm Eco-Town Development Co.Ltd(002431) the company, disclosing the matters related to going concern (if applicable), and applying the going concern assumption, unless liquidation is planned, operation is terminated or there is no other realistic choice.
The management is responsible for supervising the financial reporting process of Palm Eco-Town Development Co.Ltd(002431) .
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 summary 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 carrying out the audit work in accordance with the audit standards, we use professional judgment and maintain professional doubt. At the same time, we also carry out the following work:
(I) identify and assess the risks 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.
(II) understand the internal control related to audit in order to design appropriate audit procedures, but the purpose is not to express opinions on the effectiveness of internal control.
(III) evaluate the appropriateness of accounting policies selected by the management and the rationality of accounting estimates and related disclosures.
(IV) draw a conclusion on the appropriateness of the management's use of the going concern assumption. 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 Palm Eco-Town Development Co.Ltd(002431) going concern ability. If we conclude that there is significant uncertainty, the auditing standards require us to draw the attention of statement 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 result in Palm Eco-Town Development Co.Ltd(002431) inability to continue as a going concern.
(V) evaluate the overall presentation (including disclosure), structure and content of the financial statements, and evaluate whether the financial statements fairly reflect relevant transactions and events.
(VI) obtain sufficient and appropriate audit evidence on the financial information of entities or business activities in Palm Eco-Town Development Co.Ltd(002431) in order to express an audit opinion on the consolidated financial statements. We are fully responsible for the audit, guidance and implementation of the audit opinions of the group.
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 the 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.
China certified public accountant of Lixin certified public accountants: Wang Yaohua
(special general partnership) (project partner)
Chinese certified public accountant: Wu kefang
Shanghai, China April 25, 2022
December 31, 2021
(unless otherwise specified, the monetary unit is RMB)
Note V closing balance of assets closing balance of last year
Current assets:
Monetary capital (I) 6317631913998765427299
Provision for settlement
Lending funds
Trading financial assets (II) 100000 Ping An Bank Co.Ltd(000001) 9621024597
Derivative financial assets
Notes receivable (III) 57748962615796070843
Accounts receivable (IV) 184325471807258466731594
Receivables financing (V) 624880 Tieling Newcity Investment Holding (Group) Limited(000809) 678113
Prepayment (VI) 3565032449526721756195
receivable premium
accounts receivable reinsurance
Reinsurance contract reserve receivable
Other receivables (VII)
