英文财务报表附注(Notes).doc
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XXXXCorp.,Ltd.
NotesToTheFinancialStatementsFor
TheYearEnded31December2015 (Allamountsin1000RMBunlessotherwisestated)
1.GeneralInformation
XXXXCorp.,Ltd.(“theCompany”)isalimitedliabilitycompanyincorporatedinXXcityofthePeople’sRepublicofChinainTheCompanyhasanapprovedoperatingperiodofXXXXyears.TheregisteredcapitalisRMB100,000,000.
TheparentcompanyoftheCompanyisQingdaoHaierInvestmentandDevelopmentCo.Ltd..
TheapprovedscopeofbusinessoftheCompanyanditssubsidiaries(together“theGroup”)includes:
Processingwithsupplymaterial,compensationtrading;Importandexportproduct;Householdappliancesmanufacturing,sales,warehousing,agent.
BusinessLicenseforEnterpriseLegalPersonis370212801357.
RegisteredaddressisNo.1HaierRoad,HaierIndustrialPark,Qingdaocity,ShandongProvince,China.
LegalRepresentativeisMianmianYang.
Governingstructureandorganizingstructure:
Practicethesystemofthedirector-generalresponsibilityundertheleadershipoftheboardofdirectors(BOD).
ThesefinancialstatementswereauthorisedforissuebytheCompany’sresponsiblepersonsonXXXX2015.
2.BasisofPreparation
Thefinancialstatementwaspreparedonthebasisofsustainableoperation.Accordingtotheactualtransactionsanditems,itwaspreparedinaccordancewiththeenterprisesaccountingstandardsissuedbyMinistry部门(财政部)
ofFinancebasedonthefollowingsignificantaccountingpolicyandaccountingestimate.
3.StatementofCompliancewiththeAccountingStandardsforBusinessEnterprises
ThefinancialstatementsoftheCompanyfortheyearended31December2015areincompliancewiththeAccountingStandardsforBusinessEnterprises,andtrulyandcompletelypresentthefinancialpositionoftheConsolidatedandtheCompanyasof31December2015andoftheirfinancialperformance,cashflowsandotherinformationfortheyearthenended.
4.SummaryofSignificantAccountingPoliciesandAccountingEstimates
(1)Accountingyear
TheCompany’saccountingyearstartson1Januaryandendson31December.
(2)Recordingcurrency
TherecordingcurrencyisRenminbi(RMB).
(3)Foreigncurrencytranslation
(a)Foreigncurrencytransactions
ForeigncurrencytransactionsaretranslatedintoRMBusingtheexchangeratesprevailingatthedatesofthetransactions.
Atthebalancesheetdate,monetaryitemsdenominatedinforeigncurrenciesaretranslatedintoRMBusingthespotexchangeratesonthebalancesheetdate.Exchangedifferencesarisingfromthesetranslationsarerecognisedinprofitorlossforthecurrentperiod,exceptforthoseattributabletoforeigncurrencyborrowingsthathavebeentakenoutspecificallyfortheacquisitionorconstructionofqualifyingassets,whicharecapitalisedaspartofthecostofthoseassets.Non-monetaryitemsdenominatedinforeigncurrenciesthataremeasuredathistoricalcostsaretranslatedatthebalancesheetdateusingthespotexchangeratesatthedateofthetransactions.Theeffectofexchangeratechangesoncashispresentedseparatelyinthecashflowstatement.
(b)Translationofforeigncurrencyfinancialstatements
Theassetandliabilityitemsinthebalancesheetsforoverseasoperationsaretranslatedatthespotexchangeratesonthebalancesheetdate.Amongtheowners’equityitems,theitemsotherthan“undistributedprofits”aretranslatedatthespotexchangeratesofthetransactiondates.Theincomeandexpenseitemsintheincomestatementsofoverseasoperationsaretranslatedatthespotexchangeratesofthetransactiondates.Thedifferencesarisingfromtheabovetranslationarepresentedseparatelyintheowners’equity.Thecashflowsofoverseasoperationsaretranslatedatthespotexchangeratesonthedatesofthecashflows.Theeffectofexchangeratechangesoncashispresentedseparatelyinthecashflowstatement.
(4)Cashandcashequivalents
Cashandcashequivalentscomprisecashonhand,depositsthatcanbereadilydrawnondemand,andshort-termandhighlyliquidinvestmentsthatarereadilyconvertibletoknownamountsofcashandwhicharesubjecttoaninsignificantriskofchangesinvalue.
(5)Financialassets
Financialassetsareclassifiedintothefollowingcategoriesatinitialrecognition:
financialassetsatfairvaluethroughprofitorloss,receivables,available-for-salefinancialassetsandheld-to-maturityinvestments.TheclassificationoffinancialassetsdependsontheGroup’sintentionandabilitytoholdthefinancialassets.
(a)Financialassetsatfairvaluethroughprofitorloss
Financialassetsatfairvaluethroughprofitorlossincludefinancialassetsheldforthepurposeofsellingintheshortterm.Theyarepresentedasfinancialassetsheldfortradingonthebalancesheet.
(b)Receivables
Receivables,includingaccountsreceivableandotherreceivables,arenon-derivativefinancialassetswithfixedordeterminablepaymentsthatarenotquotedinanactivemarket(Note4(6)).
(c)Available-for-salefinancialassets
Available-for-salefinancialassetsarenon-derivativefinancialassetsthatareeitherdesignatedinthiscategoryornotclassifiedinanyoftheothercategoriesatinitialrecognition.Available-for-salefinancialassetsareincludedinothercurrentassetsonthebalancesheetifmanagementintendstodisposeofthemwithin12monthsafterthebalancesheetdate.
(d)Held-to-maturityinvestments
Held-to-maturityinvestmentsarenon-derivativefinancialassetswithfixedmaturityandfixedordeterminablepaymentsthatmanagementhasthepositiveintentionandabilitytoholdtomaturity.Held-to-maturityinvestmentswithmaturitiesover12monthswhentheinvestmentsweremadebutareduewithin12monthsatthebalancesheetdateareincludedinthecurrentportionofnon-currentassets;held-tomaturityinvestmentswithmaturitiesnomorethan12monthswhentheinvestmentsweremadeareincludedinothercurrentassets.
(e)Recognitionandmeasurement
FinancialassetsarerecognisedatfairvalueonthebalancesheetwhentheGroupbecomesapartytothecontractualprovisionsofthefinancialinstrument.Inthecaseoffinancialassetsatfairvaluethroughprofitorloss,therelatedtransactioncostsincurredatthetimeofacquisitionarerecognisedinprofitorlossforthecurrentperiod.Forotherfinancialassets,transactioncoststhatareattributabletotheacquisitionofthefinancialassetsareincludedintheirinitiallyrecognisedamounts.Financialassetsarederecognisedwhenthecontractualrightstoreceivethecashflowsfromthefinancialassetshaveexpired,orallsubstantialrisksandrewardsofownershipofthefinancialassetshavebeentransferred.
Financialassetsatfairvaluethroughprofitorlossandavailable-for-salefinancialassetsaresubsequentlymeasuredatfairvalue.Investmentsinequityinstrumentsaremeasuredatcostwhentheydonothaveaquotedmarketpriceinanactivemarketandwhosefairvaluecannotbereliablymeasured.Receivablesandheld-to-maturityinvestmentsaremeasuredatamortisedcostusingtheeffectiveinterestmethod.
Gainsorlossesarisingfromchangeinthefairvalueoffinancialassetsatfairvaluethroughprofitorlossarerecognisedinprofitorloss.Interestsandcashdividendsreceivedduringtheperiodinwhichsuchfinancialassetsareheld,aswellasthegainsorlossesarisingfromdisposaloftheseassetsarerecognisedinprofitorlossforthecurrentperiod.
Gainsorlossesarisingfromchangeinfairvalueofavailable-for-salefinancialassetsarerecogniseddirectlyinequity,exceptforimpairmentlossesandforeignexchangegainsandlossesarisingfromtranslationofmonetaryfinancialassets.Whensuchfinancialassetsarederecognised,thecumulativegainsorlossespreviouslyrecogniseddirectlyintoequityarerecycledintoprofitorlossforthecurrentperiod.Interestsonavailable-for-saleinvestmentsindebtinstrumentscalculatedusingtheeffectiveinterestmethodduringtheperiodinwhichsuchinvestmentsareheldandcashdividendsdeclaredbytheinvesteeonavailable-for-saleinvestmentsinequityinstrumentsarerecognisedasinvestmentincome,whichisrecognisedinprofitorlossfortheperiod.
(f)Impairmentoffinancialassets
TheGroupassessesthecarryingamountsoffinancialassetsotherthanthoseatfairvaluethroughprofitorlossateachbalancesheetdate.Ifthereisobjectiveevidencethatafinancialassetisimpaired,animpairmentlossisprovidedfor.
Whenanimpairmentlossonafinancialassetcarriedatamortisedcosthasoccurred,theamountoflossisprovidedforatthedifferencebetweentheasset’scarryingamountandthepresentvalueofitsestimatedfuturecashflows(excludingfuturecreditlossesthathavenotbeenincurred).Ifthereisobjectiveevidencethatthevalueofthefinancialassetrecoveredandtherecoveryisrelatedobjectivelytoaneventoccurringaftertheimpairmentwasrecognised,thepreviouslyrecognisedimpairmentlossisreversedandtheamountofreversalisrecognisedinprofitorloss.
Ifthereisobjectiveevidencethatanimpairmentlossonavailable-for-salefinancialassetsincurred,thecumulativelossesarisingfromthedeclineinfairvaluethathadbeenrecogniseddirectlyinequityaretransferredoutfromequityandintoimpairmentloss.Foraninvestmentindebtinstrumentclassifiedasavailable-for-saleonwhichimpairmentlosseshavebeenrecognised,if,inasubsequentperiod,itsfairvalueincreasesandtheincreasecanbeobjectivelyrelatedtoaneventoccurringaftertheimpairmentlosswasrecognisedinprofitorloss,thepreviouslyrecognisedimpairmentlossisreversedintoprofitorloss