Caissa Tosun Development Co.Ltd(000796)
Annual financial report for 2021
April 2022
financial reports
1、 Audit report
Type of audit opinion qualified opinion
Signing date of audit report: April 29, 2022
Name of audit institution: Zhongshen Zhonghuan
Audit Report No.: Zhong Huan Shen Zi [2022] 1710067
Name of certified public accountant: Lu Jian, Chen Ji
Body of audit report
audit report
Zhong Huan Shen Zi [2022] No. 1710067 Caissa Tosun Development Co.Ltd(000796) all shareholders: I. audit opinion
We have audited the financial statements of Caissa Tosun Development Co.Ltd(000796) (hereinafter referred to as ” Caissa Tosun Development Co.Ltd(000796) “), including the consolidated and company’s balance sheet as of December 31, 2021, the consolidated and company’s income statement, consolidated and company’s cash flow statement, consolidated and company’s statement of changes in shareholders’ equity and notes to relevant financial statements in 2021.
In our opinion, in addition to the possible impact of the matters described in the “basis for forming a qualified opinion”, the attached financial statements are prepared in accordance with the accounting standards for business enterprises in all major aspects and fairly reflect the financial position of the company as of December 31, 2021 and the operating results and cash flow of the company in 2021. 2、 Basis for forming reservations
As stated in notes VII and 7 to the financial statements, Caissa Tosun Development Co.Ltd(000796) this year invested 49 million yuan in Hainan Weikai Innovation Industrial Development Co., Ltd. (hereinafter referred to as the “target company”), accounting for 49% of the equity of the target company; As of the date of issuance of this report, we have not obtained sufficient and appropriate audit evidence to know the use of the above 49 million yuan of funds; In addition, except for the related relationships and transactions disclosed in the notes, we cannot identify whether there are other related relationships.
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. In accordance with the code of professional ethics for Chinese certified public accountants, we are independent of Caissa Tosun Development Co.Ltd(000796) , 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 expressing qualified opinions. 3、 Significant uncertainties related to going concern
We draw the attention of users of the financial statements. As mentioned in note IV and 2 of the financial statements, Caissa Tosun Development Co.Ltd(000796) affected by the epidemic, the accumulated loss in the past two years was 138844500 yuan. As of December 31, 2021, the shareholder’s equity attributable to the parent company was 1351829 million yuan, and the total amount of current liabilities exceeded the total amount of current assets by 1095749300 yuan. The above matters indicate that there are major uncertainties that may lead to major doubts about Caissa Tosun Development Co.Ltd(000796) going concern ability. This matter does not affect the audit opinion issued. 4、 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. In addition to “II. Basis for forming qualified opinions” and “III. major uncertainties related to going concern” above, we determine that the following matters are key audit matters that need to be communicated in the audit report.
(I) revenue recognition
Key audit matters how to deal with them in the audit
As described in notes V, 30 and 1 of the financial statements, understand the internal control design related to sales and collection of different business types of the company, and evaluate the effectiveness of the company’s operating revenue and test whether the system operates effectively; 93994307683 yuan, down from the previous year. 2. Discuss with the management the time and basis for the recognition of sales revenue in different business areas, and evaluate its 41.78%, involving tourism services, aviation and whether it complies with the relevant provisions of the accounting standards for business enterprises; Railway catering, beverage and other fields. 3. Perform analysis procedures for income and cost, including analyzing the income and income of each month according to product category, which are the key indicators of the company and involve multiple costs and gross profit margin fluctuations, and compare them with previous periods; Therefore, we regard revenue 4, obtaining the list of customers in different business areas, and checking the relevant documents of sales, such as the confirmation of contracts and delivery, as the key audit matters. Ticket, payment collection record and subsequent payment collection;
5. Select samples to confirm the balance and transaction amount, so as to evaluate the authenticity of the balance of accounts receivable and the amount of sales revenue;
6. Before and after the balance sheet date, the company checks the sales revenue recognized by major customers to evaluate whether the sales revenue is recognized in an appropriate accounting period.
(II) impairment test of goodwill
Key audit matters how to deal with them in the audit
As shown in notes VII and 14 to the financial statements, 1. Understand and test the internal control of goodwill evaluation;
By December 31, 2021, Caissa Tosun Development Co.Ltd(000796) goodwill account 2. Pay attention to the division of asset groups related to goodwill and evaluate the suitability of impairment test methods. The net worth appropriateness of the original value after deducting the accumulated impairment reserves; It is 13051648472 yuan. Due to goodwill impairment test 3. Discuss with the management the rationality of the key evaluation false test used in the goodwill impairment test, including the sales amount, gross profit margin, discount rate, parameter selection, prediction of future income and cash flow discount rate; And growth rate, so we will 4. Understand and evaluate the work of valuation experts hired by the management;
The impairment of goodwill is determined as a key audit event.
5. Verify the calculation accuracy of goodwill impairment test model.
5、 Other information
Caissa Tosun Development Co.Ltd(000796) management is responsible for other information. Other information includes the information covered in the financial report of Caissa Tosun Development Co.Ltd(000796) 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. 6、 Responsibilities of management and governance for financial statements
Caissa Tosun Development Co.Ltd(000796) the management (hereinafter referred to as 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 Caissa Tosun Development Co.Ltd(000796) , disclosing matters related to going concern (if applicable), and applying the going concern assumption, unless the management plans to liquidate Caissa Tosun Development Co.Ltd(000796) , terminate the operation or has no other realistic choice.
The management is responsible for supervising the financial reporting process of Caissa Tosun Development Co.Ltd(000796) .
7、 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 to design appropriate audit procedures.
(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 Caissa Tosun Development Co.Ltd(000796) 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 cause Caissa Tosun Development Co.Ltd(000796) unable to continue to operate.
(V) evaluate the overall presentation, 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 the entity or business activities in Caissa Tosun Development Co.Ltd(000796) to express an opinion on the financial statements. We are responsible for guiding, supervising and executing the group audit. We are fully responsible for the audit opinion.
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. Zhongshen Zhonghuan Certified Public Accountants (special general partnership) Chinese certified public accountant:
(project partner):
Lu Jian
Chinese certified public accountant:
Chen Ji
Wuhan, China April 29, 2002
2、 The unit of the statement in the financial notes to the financial statements is: yuan 1. The preparation unit of the consolidated balance sheet: Caissa Tosun Development Co.Ltd(000796)
December 31, 2021
Unit: Yuan
December 31, 2021 December 31, 2020
Current assets:
Monetary capital 4359304451770895091229
Provision for settlement
Lending funds
Trading financial assets
Derivative financial assets
Notes receivable
Accounts receivable 2184879068563510601846
Receivables financing
Advance payment
