Stock code: 002884 Securities abbreviation: Lingxiao Pump Industry Announcement No.: 2019-28
Guangdong Lingxiao Pump Industry Co., Ltd.
Announcement on changes in the company's accounting policy
The company and all members of the board of directors ensure that the content of the information disclosure is true, accurate and complete, and there are no false records, misleading statements or major omissions.
Guangdong Lingxiao Pump Industry Co., Ltd. (hereinafter referred to as the "Company") held the 22nd meeting of the 9th Board of Directors and the 15th meeting of the 9th Supervisory Board on March 15, 2019, and reviewed and passed the "Proposal on Changes in Company Accounting Policy", and the specific situation is announced as follows:
The Ministry of Finance issued the "Notice on Revision and Issuing the Format of General Enterprise Financial Statements for 2018" (Accounting [2018] No. 15), and revised the format of general enterprise financial statements. According to the requirements of the above-mentioned accounting document [2018] No. 15, in accordance with the above-mentioned notice and the provisions and requirements of the enterprise accounting standards , the company makes corresponding changes to the original accounting policy.
1. Overview of this accounting policy change
1. Change date: The above-mentioned accounting policy changes regarding the adjustment of financial statement format are based on the starting date stipulated in the relevant documents of the Ministry of Finance to implement the above-mentioned enterprise accounting standards.
2. Change introduction
(1) Accounting policy adopted before the change
Before this change, the company implemented the "Enterprise Accounting Standards - Basic Standards" issued by the Ministry of Finance and various specific accounting standards, Enterprise Accounting Standards Application Guide , Corporate Accounting Standard Interpretation Announcement and other relevant regulations. After this change, the company will implement the accounting policy adopted after
(2) is changed, the company will implement the relevant provisions of the "Notice on Revising and Issuing the Format of General Enterprise Financial Statements in 2018" (Accounting [2018] No. 15) issued by the Ministry of Finance. Other unchanged parts will still be implemented in accordance with the "Enterprise Accounting Standards - Basic Standards" issued by the Ministry of Finance in the early stage, various specific accounting standards, enterprise accounting standards application guidelines, enterprise accounting standards interpretation announcements and other relevant provisions.
3. Reason for change
On June 15, 2018, the Ministry of Finance issued the "Notice on the Revision and Issuance of the 2018 General Enterprise Financial Statement Format" (Accounting [2018] No. 15), which revised the general enterprise financial statement format. Among non-financial enterprises that require that the enterprise accounting standards have not yet implemented the new financial standards and new income standards, enterprises that have not yet implemented the new financial statement format shall prepare financial statements in accordance with the requirements of the enterprise accounting standards and the "General Enterprise Financial Statement Format (Applicable to Enterprises that have not yet implemented the new financial standards and new income standards)" in the annex of this notice . Enterprises that have implemented the new financial standards or new income standards shall prepare financial statements in accordance with the requirements of the enterprise accounting standards and the "General Enterprise Financial Statement Format (Applicable to Enterprises that have implemented the new financial standards or new income standards)" in the annex of this notice. The enterprise may make necessary deletions for reporting items that do not have corresponding business in light of the actual situation of the enterprise. The enterprise may add reporting items to content that really needs to be listed separately based on the principle of importance and the actual situation of the enterprise. Financial enterprises that implement corporate accounting standards shall make corresponding adjustments in accordance with the general corporate financial statement format according to the nature and requirements of the business activities of the financial enterprise.
Due to the promulgation of the above accounting standards, the company needs to make corresponding changes to its accounting policies and implement the above accounting standards according to the starting date specified in the above documents.
2. The impact of this accounting policy change on the company
According to the requirements of the Ministry of Finance's "Notice on the Revision and Issuance of the Format of General Enterprise Financial Statements in 2018" (Accounting [2018] No. 15), the company adjusts the presentation of the following financial statements and adjusts the comparative data of comparable accounting periods accordingly:
1. The balance sheet is mainly composed of the original items:
(1) The original "notes receivable" and "accounts receivable" items are merged into the newly added "notes receivable and accounts receivable" items;
(2) The original " interest receivable ", "dividends receivable" and "other receivable" items are merged into the "other receivable" items;
(2) The original " interest receivable ", "dividends receivable" and "other receivable" items are merged into the "other receivable" items;
(3) The original " fixed asset cleaning " and "fixed assets" projects are merged into the "fixed assets" projects;
(4) The original " engineering materials " projects are merged into the "under construction" projects;
(5) The original " notes payable " and "accounts payable" projects are merged into the newly added "notes payable and accounts payable" projects;
(6) The original "interest payable", " dividend payable " and "other payable" projects are merged into the "other payable" projects;
(7) The original " special payable " projects are merged into the "long-term payable" projects.
2. The income statement is mainly splitting the projects, and the order of some projects is adjusted. At the same time, the expression of some projects is simplified:
(1) Added the "R&D expenses" project, and split the "R&D expenses" project from the "administrative expenses" project;
(2) Split the "interest expenses" and "interest income" detailed projects under the "financial expenses" project.
3. Put the personal income tax fee refund obtained by the company into the "Other income" item.
3. Independent Opinions
After review, this accounting policy change will help improve the quality of accounting information. It is a reasonable change made by the company in accordance with the relevant documents of the "Notice on the Revision and Issuance of the Format of General Enterprise Financial Statements in 2018" (Financial Accounting [2018] No. 15) issued by the Ministry of Finance of the People's Republic of China. It complies with the relevant provisions of the Ministry of Finance, the China Securities Regulatory Commission, the Shenzhen Stock Exchange and the actual situation of the company. The decision-making procedures comply with relevant laws and regulations and the company's articles of association, and will not have a significant impact on the company's financial statements, nor will they involve retrospective adjustments in previous years. There is no situation that harms the interests of the company and shareholders. I agree to this accounting policy change.
4. Opinions of the Supervisory Board
This accounting policy change is a reasonable change in accordance with the relevant provisions of the relevant standards for financial instruments revised by the Ministry of Finance. It complies with the relevant provisions of the "Enterprise Accounting Standards" and the Shenzhen Stock Exchange's "Guidelines for Standardized Operation of Small and Medium Enterprises Listed Companies". The implementation of the changed accounting policies can reflect the company's financial status and operating results more objectively and fairly, and there is no situation that harms the interests of the company and the legitimate rights and interests of small and medium shareholders. The procedures for the company's board of directors to review this accounting policy change are in line with the provisions of relevant laws and regulations. Therefore, we agree to the company implement this accounting policy change.
5. Reference document
1. Resolution of the 22nd meeting of the 9th Board of Directors of Guangdong Lingxiao Pump Industry Co., Ltd.
hereby announces.
Guangdong Lingxiao Pump Industry Co., Ltd.
Board
March 19, 2019
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