英文財(cái)務(wù)報(bào)表附注(Notes)(20210406081321)

1、光為Mr右* 1. Ge neral In formati on XXXX Corp., Ltd. ( “theCompany” )is a limited liability company incorporated in XX city of the People s Republic of Chinia The Company has an approved operating period of XXXX years. The registered capital is RMB 100,000,000. The pare nt compa ny of the Compa ny is Q

2、in gdao Haier I nvestme nt and Developme nt Co. Ltd. The approved scope of bus in ess of the Compa ny and its subsidiaries (together“ the Group ” ) in cludes Processing with supply material, compensation trading; Import and export product; Household applia nces manu facturi ng, sales, warehous ing,

3、age nt. Busi ness Lice nse for En terprise Legal Pers on is 370212801357. Registered address is No.1 Haier Road, Haier In dustrial Park, Qin gdao city, Shandong Prov ince, Chi na. Legal Represe ntative is Mia nmia n Yang. Gover ning structure and orga nizing structure: Practice the system of the dir

4、ector-ge neral resp on sibility un der the leadership of the board of directors (BOD). These financial statements were authorised for issue by the Company responsible persons on XX XX 2015. 2. Basis of Preparati on The finan cial stateme nt was prepared on the basis of susta in able operati on. Acco

5、rd ing to the actual transactions and items, it was prepared in accordance with the enterprises accounting standards issued by Mini stry of Finance based on the follow ing sig nifica nt acco un ti ng policy and acco un ti ng estimate. 3.Stateme nt of Complia nce with the Acco un ti ng Stan dards for

6、 Busin ess En terprises The finan cial stateme nts of the Compa ny for the year en ded 31 December 2015 are in complia nce with the Acco un ti ng Stan dards for Busin ess En terprises, and truly and completely prese nt the finan cial position of the Consolidated and the Company as of 31 December 201

7、5 and of their financial performa nce, cash flows and other in formati on for the year the n en ded. 4.Summary of Sign ifica nt Acco unting Policies and Acco unting Estimates (1) Accounting year The Company s accounting year starts on 1 January and ends on 31 December. (2) Recording currency The rec

8、ord ing curre ncy is Renmin bi (RMB). (3) Foreign currency translation 曲 mAtt# (a) Foreig n curre ncy tra nsact ions Foreig n curre ncy tran sact ions are tran slated into RMB using the excha nge rates prevaili ng at the dates of the tran sacti ons. At the bala nee sheet date, mon etary items denomi

9、n ated in foreig n curre ncies are tran slated into RMB using the spot excha nge rates on the bala nee sheet date. Excha nge differe nces aris ing from these translations are recognised in profit or loss for the current period, except for those attributable to foreign currency borrowings that have b

10、een taken out specifically for the acquisition or construction of qualifying assets, which are capitalised as part of the cost of those assets. Non-monetary items denominated in foreign currencies that are measured at historical costs are translated at the balanee sheet date using the spot excha nge

11、 rates at the date of the tran sact ions. The effect of excha nge rate cha nges on cash is prese nted separately in the cash flow stateme nt. (b) Tra nslatio n of foreig n curre ncy finan cial stateme nts The asset and liability items in the balance sheets for overseas operations are translated at t

12、he spot exchange rates on the balance sheet date. Among the owners equity items, the items other than “ un distributed profits are translated at the spot excha nge rates of the tran sact ion dates. The in come and expe nse items in the in come stateme nts of overseas operati ons are tran slated at t

13、he spot excha nge rates of the transaction dates. The differences arising from the above translation are presented separately in the owners equity. The cash flows of overseas operations are translated at the spot excha nge rates on the dates of the cash flows. The effect of excha nge rate cha nges o

14、n cash is prese nted separately in the cash flow stateme nt. (4) Cash and cash equivale nts Cash and cash equivale nts comprise cash on hand, deposits that can be readily draw n on dema nd, and short-term and highly liquid investments that are readily convertible to known amounts of cash and which a

15、re subject to an in sig nifica nt risk of cha nges in value. (5) Finan cial assets Financial assets are classified into the following categories at initial recognition: financial assets at fair value through profit or loss, receivables, available-for-sale financial assets and held-to-maturity invest

16、ments. The classification of financial asse ts depends on the Group s intention and ability to hold the finan cial assets. (a) F inan cial assets at fair value through profit or loss Financial assets at fair value through profit or loss include financial assets held for the purpose of selling in the

17、 short term. They are presented as financial assets held for trading on the balance sheet. 光為M/onf (b) Receivables Receivables, including accounts receivable and other receivables, are non-derivative financial assets with fixed or determ in able payme nts that are not quoted in an active market (Not

18、e 4 (6). (c) Available-for-sale finan cial assets Available-for-sale finan cial assets are non-derivative finan cial assets that are either desig nated in this category or not classified in any of the other categories at initial recognition. Available-for-sale financial assets are included in other

19、current assets on the balance sheet if management intends to dispose of them withi n 12 mon ths after the bala nce sheet date. (d) Held-to-maturity in vestme nts Held-to-maturity investments are non-derivative financial assets with fixed maturity and fixed or determinable payments that management ha

20、s the positive intention and ability to hold to maturity. Held-to-maturity in vestme nts with maturities over 12 mon ths whe n the in vestme nts were made but are due withi n 12 mon ths at the bala nce sheet date are in cluded in the curre nt porti on of non-curre nt assets; held-to maturity in vest

21、me nts with maturities no more tha n 12 mon ths whe n the in vestme nts were made are in cluded in other curre nt assets. (e) Recog niti on and measureme nt Finan cial assets are recog ni sed at fair value on the bala nce sheet whe n the Group becomes a party to the contractual provisions of the fin

22、ancial instrument. In the case of financial assets at fair value through profit or loss, the related transaction costs incurred at the time of acquisition are recognised in profit or loss for the curre nt period. For other finan cial assets, tran sacti on costs that are attributable to the acquisiti

23、on of the financial assets are included in their initially recognised amounts. Financial assets are derecog ni sed whe n the con tractual rights to receive the cash flows from the finan cial assets have expired, or all substantial risks and rewards of ownership of the financial assets have been tra

24、nsferred. Financial assets at fair value through profit or loss and available-for-sale financial assets are subseque ntly measured at fair value. In vestme nts in equity in strume nts are measured at cost whe n they do not have a quoted market price in an active market and whose fair value cannot be

25、 reliably measured. Receivables and held-to-maturity investments are measured at amortised cost using the effective in terest method. Gains or losses aris ing from cha nge in the fair value of finan cial assets at fair value through profit or loss are recog ni sed in profit or loss. In terests and c

26、ash divide nds received duri ng the period in which such finan cial assets are held, as well as the gains or losses aris ing from disposal of these assets are recog ni sed in profit or loss for the curre nt period. 僭為M/onf Gains or losses aris ing from cha nge in fair value of available-for-sale fin

27、an cial assets are recog ni sed directly in equity, except for impairme nt losses and foreig n excha nge gai nsand losses aris ing from translation of monetary financial assets. When such financial assets are derecognised, the cumulative gains or losses previously recognised directly into equity are

28、 recycled into profit or loss for the current period. Interests on available-for-sale investments in debt instruments calculated using the effective in terest method duri ng the period in which such in vestme nts are held and cash divide nds declared by the investee on available-for-sale investments

29、 in equity instruments are recognised as investment in come, which is recog ni sed in profit or loss for the period. (f) Impairment of financial assets The Group assessesthe carrying amounts of financial assets other than those at fair value through profit or loss at each balance sheet date. If ther

30、e is objective evidence that a financial asset is impaired, an impairme nt loss is provided for. Whe n an impairme nt loss on a finan cial asset carried at amortised cost has occurred, the amount of loss is provided for at the difference between the asset carrying amount and the present value of its

31、 estimated future cash flows (excluding future credit losses that have not been incurred). If there is objective evidence that the value of the financial asset recovered and the recovery is related objectively to an eve nt occurri ng after the impairme nt was recog ni sed, the previously recog ni se

32、d impairme nt loss is reversed and the amount of reversal is recog ni sed in profit or loss. If there is objective evidence that an impairment loss on available-for-sale financial assets incurred, the cumulative losses arising from the decline in fair value that had been recognised directly in equit

33、y are tran sferred out from equity and in to impairme nt loss. For an in vestme nt in debt in strume nt classified as available-for-sale on which impairme nt losses have bee n recog ni sed, if, i n a subseque nt period, its fair value in creases and the in crease can be objectively related to an eve

34、 nt occurri ng after the impairment loss was recognised in profit or loss, the previously recognised impairment loss is reversed into profit or loss for the current period. For an investment in an equity instrument classified as available-for-sale on which impairme nt losses have bee n recog ni sed,

35、 the in crease in its fair value in a subseque nt period is recog ni sed directly in equity. If an impairme nt loss in curred on an in vestme nt in an equity in strume nt not quoted in an active market and whose fair value cannot be reliably measured, the amount of loss is measured as the difference

36、 betwee n the assets carry ing amount and the prese nt value of estimated future cash flows disco un ted at the current market rate of return for a similar financial asset. The impairment loss is not allowed to be reversed whe n the value is recovered in a subseque nt period. (6) Receivables Receiva

37、bles comprise acco unts receivable and other receivables. Acco unts receivable aris ing from sale of goods or ren deri ng of services are in itially recog ni sed at fair value of the con tractual payme nts from the buyers or service recipie nts. (a) The recognition standard and calculation method of

38、 provision for the bad debt of single sig nifica nt amount: On bala nee sheet date, the acco unt receivable s with the ending bala nee greater tha n RMB 10,000,000 are classified as the receivables with sin gle sig nifica nt amount and they should be performed devalue test one by on e. If there is o

39、bjective proof that shows devaluati on has bee n occurred, the depreciati on loss should be defined and bad debt provision should be calculated according to the differenee between the lower present value of future cash flows and the higher book value of the items. If the depreciation does not occur

40、in the single test, one more tests need to be performed according to different credit asset portfolios with the characteristic of similar credit risks. (b) For the receivables without a single significant amount, however having definite proofs of its weak collectability, the impairme nt loss should

41、be defi ned and provisi on for bad debt should be calculated. The re-collectable amount of the receivables can be defined by the actual financial status and cash flow of the debt units. (c) For the receivables without a single significant amount or with a single large amount which do not depreciate

42、after si ngle tests the proporti on of the calculati on of provisi on for bad debts for different portfolios during the report period should be defined by the current condition on the basis of the actual loss probability of the recivables porfolios with same ages. The basis for portfolios definition

43、 is listed as followed: Porfolio 1the receivables from releva nt parties Porfolio 2the receivables of rent in sura nee and maintenance reserve Porfolio 3the other receivables apart from the above listed The calculation method for bad debt provision according the portfolios is listed as followed: Por

44、folio 1not calculate Porfolio 2not calculate Porfolio 3agi ng-a nalysis-method Adopted by aging-analysis-method in the company the proportion for the bad debt allowance is listed as followed: Agi ng Percen tage of acco unt receivables (%) Perce ntage of other receivables(%) Within 6 mon ths 0 0 6 -

45、12 mon ths (in cludi ng 6 mon ths) 10 10 12 - 18 mon ths (i ncludi ng 12 mon ths) 30 30 18- 24 mon ths (i ncludi ng 18 mon ths) 50 50 Moretha n24mon ths (in cludi ng 24 mon ths) 100 100 (d) For other receivables (in cludi ng the no tes receivable, adva nee panymen t, in terest receivable, I ont- ter

46、m receivables) the provisi on for bad debt is calculated accordi ng to the differe nee of amount betwee n the lower prese nt value of future cash flow and the book value. (e) For the receivables from the gover nment or releva nt parties are not calculated the provisi on for bad debt. (7) Inven torie

47、s The inventories in the company includes low-value durables( including the mmanufacuring facility and instruments, office furniture, IT equipment etc.), low-value consumables (including machine offeri ngs, Air material con sumpti on, clothi ng, auto parts etc.) air materials etc. The inven tories i

48、n the compa ny keep acco un ti ng accordi ng to the real cost. The use and deliveri ng of inven tories adopt the real cost method. The low-value con sumables are amortized accordi ng to the on e-time amortizati on method. The low- value durables amortized accord ing to the five-five amortizati on me

49、thod. The Group adopts the perpetual inven tory system. (8) Lon g-term equity in vestme nts Long-term equity investments comprise the Company s Iong-term equity investments in its subsidiaries, the Group-fermleiqgiity in vestme nts in its joi nt ven tures and associates, as well as the Ion g-term eq

50、uity in vestme nts where the Group does n ot have con trol, jo in t con trol or sig nifica nt in flue nee over the in vestees and which are not quoted in an active market and whose fair value cannot be reliably measured. (a) Subsidiaries Subsidiaries are the investees over which the Company is able

51、to exercise control, i.e. having the power to gover n their finan cial and operat ing policies so as to obtai n ben efits from their operat ing activities. The existenee and effect of potential voting rights, including that derived from the convertible bonds and warrants that are currently convertib

52、le or exercisable, is considered in determ ing whether the Group has con trol over the in vestees. In vestme nts in subsidiaries are prese nted in the Company s financial statements using the cost method, and are adjusted to the equity method whe n prepari ng the con solidated finan cial stateme nts

53、. For Ion g-term equity in vestme nts acco un ted for using the cost method, cash divide nd or profit distributi on declared by the in vestees is recog ni sed as in vestme nt in come in profit or loss. (b) Joint ventures and associates Joint ven tures are the in vestees over which the Group is able

54、to exercise joint con trol together with other ven turers. Associates are the in vestees that the Group has sig nifica nt in flue nce on their finan cial and operat ing policies. Investments in joint ventures and associates are accounted for using the equity method. Where the initial investment cost

55、 exceeds the Group share of the fair value of the investee iesitifiable net assets at the time of acquisition, the investment is initially measured at cost. Where the initial investment cost is less than the Group s share of the fair value of the investee s ide at the time of acquisition, the differ

56、ence is included in profit or loss for the current period and the cost of the Ion g-term equity in vestme nt is adjusted upwards accord in gly. Un der the equity method of acco un ti ng, the Group recog ni ses the in vestme nt in come accord ing to its share of net profit or loss of the in vestee. T

57、he Group disc on ti nues recog nising its share of net losses of an investee after the carrying amount of the Iong-term equity investment together with any Iong-term in terests that, in substa nce, form part of the in vestort in themeisiteeBatiei eeduced to zero. However, if the Group has obligation

58、s for additional losses and the criteria with respect to recognition of provisions under the accounting standards on contingencies are satisfied, the Group continues recog nising the in vestme nt losses and the provisi ons. For cha nges in owners equity of the in vestee other tha n those aris ing fr

59、om its net profit or loss, the Group records its proporti on ate share directly into capital surplus, provided that the Group proportion of shareholding in the investee remains unchanged. The carrying amount of the investment is reduced by the Group share of the profit distributi on or cash divide n

60、ds declared by an in vestee. The un realised profits or losses aris ing from the intra-group transactions amongst the Group and its investees are eliminated in proportion to the Group s equity interest in the investees, and then based on which the investment gain or losses are recognised. For the lo