英文财务报表附注(Notes)

1、1.GeneralInformationXXXXCorp.,Ltd.(“theCompany”)isalimitedliabilitycompanyincorporatedinXXcityofthePeoplesRepublicofChinainTheCompanyhasanapprovedoperatingperiodofXXXXyears.TheregisteredcapitalisRMB100,000,000.TheparentcompanyoftheCompanyisQingdaoHaierInvestmentandDevelopmentCo.Ltd.Theapprovedscopeo

2、fbusinessoftheCompanyanditssubsidiaries(together“theGroup”)includes:Processingwithsupplymaterial,compensationtrading;Importandexportproduct;Householdappliancesmanufacturing,sales,warehousing,agent.BusinessLicenseforEnterpriseLegalPersonis370212801357.RegisteredaddressisNo.1HaierRoad,HaierIndustrialP

3、ark,Qingdaocity,ShandongProvince,China.LegalRepresentativeisMianmianYang.Governingstructureandorganizingstructure:Practicethesystemofthedirector-generalresponsibilityundertheleadershipoftheboardofdirectors(BOD).ThesefinancialstatementswereauthorisedforissuebytheCompanysresponsiblepersonsonXXXX2015.2

4、.BasisofPreparationThefinancialstatementwaspreparedonthebasisofsustainableoperation.Accordingtotheactualtransactionsanditems,itwaspreparedinaccordancewiththeenterprisesaccountingstandardsissuedbyMinistryofFinancebasedonthefollowingsignificantaccountingpolicyandaccountingestimate.3.StatementofComplia

5、ncewiththeAccountingStandardsforBusinessEnterprisesThefinancialstatementsoftheCompanyfortheyearended31December2015areincompliancewiththeAccountingStandardsforBusinessEnterprises,andtrulyandcompletelypresentthefinancialpositionoftheConsolidatedandtheCompanyasof31December2015andoftheirfinancialperform

6、ance,cashflowsandotherinformationfortheyearthenended.4.SummaryofSignificantAccountingPoliciesandAccountingEstimatesAccountingyearTheCompanysaccountingyearstartson1Januaryandendson31December.RecordingcurrencyTherecordingcurrencyisRenminbi(RMB).ForeigncurrencytranslationForeigncurrencytransactionsFore

7、igncurrencytransactionsaretranslatedintoRMBusingtheexchangeratesprevailingatthedatesofthetransactions.Atthebalancesheetdate,monetaryitemsdenominatedinforeigncurrenciesaretranslatedintoRMBusingthespotexchangeratesonthebalancesheetdate.Exchangedifferencesarisingfromthesetranslationsarerecognisedinprof

8、itorlossforthecurrentperiod,exceptforthoseattributabletoforeigncurrencyborrowingsthathavebeentakenoutspecificallyfortheacquisitionorconstructionofqualifyingassets,whicharecapitalisedaspartofthecostofthoseassets.Non-monetaryitemsdenominatedinforeigncurrenciesthataremeasuredathistoricalcostsaretransla

9、tedatthebalancesheetdateusingthespotexchangeratesatthedateofthetransactions.Theeffectofexchangeratechangesoncashispresentedseparatelyinthecashflowstatement.TranslationofforeigncurrencyfinancialstatementsTheassetandliabilityitemsinthebalancesheetsforoverseasoperationsaretranslatedatthespotexchangerat

10、esonthebalancesheetdate.Amongtheownersequityitems,theitemsotherthan“undistributedprofits”aretranslatedatthespotexchangeratesofthetransactiondates.Theincomeandexpenseitemsintheincomestatementsofoverseasoperationsaretranslatedatthespotexchangeratesofthetransactiondates.Thedifferencesarisingfromtheabov

11、etranslationarepresentedseparatelyintheownersequity.Thecashflowsofoverseasoperationsaretranslatedatthespotexchangeratesonthedatesofthecashflows.Theeffectofexchangeratechangesoncashispresentedseparatelyinthecashflowstatement.CashandcashequivalentsCashandcashequivalentscomprisecashonhand,depositsthatc

12、anbereadilydrawnondemand,andshort-termandhighlyliquidinvestmentsthatarereadilyconvertibletoknownamountsofcashandwhicharesubjecttoaninsignificantriskofchangesinvalue.FinancialassetsFinancialassetsareclassifiedintothefollowingcategoriesatinitialrecognition:financialassetsatfairvaluethroughprofitorloss

13、,receivables,available-for-salefinancialassetsandheld-to-maturityinvestments.TheclassificationoffinancialassetsdependsontheGroupsintentionandabilitytoholdthefinancialassets.FinancialassetsatfairvaluethroughprofitorlossFinancialassetsatfairvaluethroughprofitorlossincludefinancialassetsheldforthepurpo

14、seofsellingintheshortterm.Theyarepresentedasfinancialassetsheldfortradingonthebalancesheet.ReceivablesReceivables,includingaccountsreceivableandotherreceivables,arenon-derivativefinancialassetswithfixedordeterminablepaymentsthatarenotquotedinanactivemarket(Note4(6).Available-for-salefinancialassetsA

15、vailable-for-salefinancialassetsarenon-derivativefinancialassetsthatareeitherdesignatedinthiscategoryornotclassifiedinanyoftheothercategoriesatinitialrecognition.Available-for-salefinancialassetsareincludedinothercurrentassetsonthebalancesheetifmanagementintendstodisposeofthemwithin12monthsaftertheb

16、alancesheetdate.Held-to-maturityinvestmentsHeld-to-maturityinvestmentsarenon-derivativefinancialassetswithfixedmaturityandfixedordeterminablepaymentsthatmanagementhasthepositiveintentionandabilitytoholdtomaturity.Held-to-maturityinvestmentswithmaturitiesover12monthswhentheinvestmentsweremadebutaredu

17、ewithin12monthsatthebalancesheetdateareincludedinthecurrentportionofnon-currentassets;held-tomaturityinvestmentswithmaturitiesnomorethan12monthswhentheinvestmentsweremadeareincludedinothercurrentassets.RecognitionandmeasurementFinancialassetsarerecognisedatfairvalueonthebalancesheetwhentheGroupbecom

18、esapartytothecontractualprovisionsofthefinancialinstrument.Inthecaseoffinancialassetsatfairvaluethroughprofitorloss,therelatedtransactioncostsincurredatthetimeofacquisitionarerecognisedinprofitorlossforthecurrentperiod.Forotherfinancialassets,transactioncoststhatareattributabletotheacquisitionofthef

19、inancialassetsareincludedintheirinitiallyrecognisedamounts.Financialassetsarederecognisedwhenthecontractualrightstoreceivethecashflowsfromthefinancialassetshaveexpired,orallsubstantialrisksandrewardsofownershipofthefinancialassetshavebeentransferred.Financialassetsatfairvaluethroughprofitorlossandav

20、ailable-for-salefinancialassetsaresubsequentlymeasuredatfairvalue.Investmentsinequityinstrumentsaremeasuredatcostwhentheydonothaveaquotedmarketpriceinanactivemarketandwhosefairvaluecannotbereliablymeasured.Receivablesandheld-to-maturityinvestmentsaremeasuredatamortisedcostusingtheeffectiveinterestme

21、thod.Gainsorlossesarisingfromchangeinthefairvalueoffinancialassetsatfairvaluethroughprofitorlossarerecognisedinprofitorloss.Interestsandcashdividendsreceivedduringtheperiodinwhichsuchfinancialassetsareheld,aswellasthegainsorlossesarisingfromdisposaloftheseassetsarerecognisedinprofitorlossforthecurre

22、ntperiod.Gainsorlossesarisingfromchangeinfairvalueofavailable-for-salefinancialassetsarerecogniseddirectlyinequity,exceptforimpairmentlossesandforeignexchangegainsandlossesarisingfromtranslationofmonetaryfinancialassets.Whensuchfinancialassetsarederecognised,thecumulativegainsorlossespreviouslyrecog

23、niseddirectlyintoequityarerecycledintoprofitorlossforthecurrentperiod.Interestsonavailable-for-saleinvestmentsindebtinstrumentscalculatedusingtheeffectiveinterestmethodduringtheperiodinwhichsuchinvestmentsareheldandcashdividendsdeclaredbytheinvesteeonavailable-for-saleinvestmentsinequityinstrumentsa

24、rerecognisedasinvestmentincome,whichisrecognisedinprofitorlossfortheperiod.ImpairmentoffinancialassetsTheGroupassessesthecarryingamountsoffinancialassetsotherthanthoseatfairvaluethroughprofitorlossateachbalancesheetdate.Ifthereisobjectiveevidencethatafinancialassetisimpaired,animpairmentlossisprovid

25、edfor.Whenanimpairmentlossonafinancialassetcarriedatamortisedcosthasoccurred,theamountoflossisprovidedforatthedifferencebetweentheassetscarryingamountandthepresentvalueofitsestimatedfuturecashflows(excludingfuturecreditlossesthathavenotbeenincurred).Ifthereisobjectiveevidencethatthevalueofthefinanci

26、alassetrecoveredandtherecoveryisrelatedobjectivelytoaneventoccurringaftertheimpairmentwasrecognised,thepreviouslyrecognisedimpairmentlossisreversedandtheamountofreversalisrecognisedinprofitorloss.Ifthereisobjectiveevidencethatanimpairmentlossonavailable-for-salefinancialassetsincurred,thecumulativel

27、ossesarisingfromthedeclineinfairvaluethathadbeenrecogniseddirectlyinequityaretransferredoutfromequityandintoimpairmentloss.Foraninvestmentindebtinstrumentclassifiedasavailable-for-saleonwhichimpairmentlosseshavebeenrecognised,if,inasubsequentperiod,itsfairvalueincreasesandtheincreasecanbeobjectively

28、relatedtoaneventoccurringaftertheimpairmentlosswasrecognisedinprofitorloss,thepreviouslyrecognisedimpairmentlossisreversedintoprofitorlossforthecurrentperiod.Foraninvestmentinanequityinstrumentclassifiedasavailable-for-saleonwhichimpairmentlosseshavebeenrecognised,theincreaseinitsfairvalueinasubsequ

29、entperiodisrecogniseddirectlyinequity.Ifanimpairmentlossincurredonaninvestmentinanequityinstrumentnotquotedinanactivemarketandwhosefairvaluecannotbereliablymeasured,theamountoflossismeasuredasthedifferencebetweentheassetscarryingamountandthepresentvalueofestimatedfuturecashflowsdiscountedatthecurren

30、tmarketrateofreturnforasimilarfinancialasset.Theimpairmentlossisnotallowedtobereversedwhenthevalueisrecoveredinasubsequentperiod.ReceivablesReceivablescompriseaccountsreceivableandotherreceivables.Accountsreceivablearisingfromsaleofgoodsorrenderingofservicesareinitiallyrecognisedatfairvalueofthecont

31、ractualpaymentsfromthebuyersorservicerecipients.Therecognitionstandardandcalculationmethodofprovisionforthebaddebtofsinglesignificantamount:Onbalancesheetdate,theaccountreceivableswiththeendingbalancegreaterthanRMB10,000,000areclassifiedasthereceivableswithsinglesignificantamountandtheyshouldbeperfo

32、rmeddevaluetestonebyone.Ifthereisobjectiveproofthatshowsdevaluationhasbeenoccurred,thedepreciationlossshouldbedefinedandbaddebtprovisionshouldbecalculatedaccordingtothedifferencebetweenthelowerpresentvalueoffuturecashflowsandthehigherbookvalueoftheitems.Ifthedepreciationdoesnotoccurinthesingletest,o

33、nemoretestsneedtobeperformedaccordingtodifferentcreditassetportfolioswiththecharacteristicofsimilarcreditrisks.Forthereceivableswithoutasinglesignificantamount,howeverhavingdefiniteproofsofitsweakcollectability,theimpairmentlossshouldbedefinedandprovisionforbaddebtshouldbecalculated.There-collectabl

34、eamountofthereceivablescanbedefinedbytheactualfinancialstatusandcashflowofthedebtunits.Forthereceivableswithoutasinglesignificantamountorwithasinglelargeamountwhichdonotdepreciateaftersingleteststheproportionofthecalculationofprovisionforbaddebtsfordifferentportfoliosduringthereportperiodshouldbedef

35、inedbythecurrentconditiononthebasisoftheactuallossprobabilityoftherecivablesporfolioswithsameages.Thebasisforportfoliosdefinitionislistedasfollowed:Porfolio1thereceivablesfromrelevantpartiesPorfolio2thereceivablesofrentinsuranceandmaintenancereservePorfolio3theotherreceivablesapartfromtheabovelisted

36、Thecalculationmethodforbaddebtprovisionaccordingtheportfoliosislistedasfollowed:Porfolio1notcalculatePorfolio2notcalculatePorfolio3aging-analysis-methodAdoptedbyaging-analysis-methodinthecompanytheproportionforthebaddebtallowanceislistedasfollowed:Aging1Percentageofaccountreceivables(%)Percentageofo

37、therreceivables(%)Within6months:111011110116-12months(including6months)11011111012-18months(including12months)|30|1130118-24months(including18months)r-1|50|匸1501Morethan24months(including24JV111001|100Forotherreceivables(includingthenotesreceivable,advancepanyment,interestreceivable,lont-termreceiva

38、bles)theprovisionforbaddebtiscalculatedaccordingtothedifferenceofamountbetweenthelowerpresentvalueoffuturecashflowandthebookvalue.Forthereceivablesfromthegovernmentorrelevantpartiesarenotcalculatedtheprovisionforbaddebt.InventoriesTheinventoriesinthecompanyincludeslow-valuedurables(includingthemmanu

39、facuringfacilityandinstruments,officefurniture,ITequipmentetc.),low-valueconsumables(includingmachineofferings,Airmaterialconsumption,clothing,autopartsetc.)airmaterialsetc.Theinventoriesinthecompanykeepaccountingaccordingtotherealcost.Theuseanddeliveringofinventoriesadopttherealcostmethod.Thelow-va

40、lueconsumablesareamortizedaccordingtotheone-timeamortizationmethod.Thelow-valuedurablesamortizedaccordingtothefive-fiveamortizationmethod.TheGroupadoptstheperpetualinventorysystem.Long-termequityinvestmentsLong-termequityinvestmentscomprisetheCompanyslong-termequityinvestmentsinitssubsidiaries,theGr

41、oupslong-termequityinvestmentsinitsjointventuresandassociates,aswellasthelong-termequityinvestmentswheretheGroupdoesnothavecontrol,jointcontrolorsignificantinfluenceovertheinvesteesandwhicharenotquotedinanactivemarketandwhosefairvaluecannotbereliablymeasured.SubsidiariesSubsidiariesaretheinvesteesov

42、erwhichtheCompanyisabletoexercisecontrol,i.e.havingthepowertogoverntheirfinancialandoperatingpoliciessoastoobtainbenefitsfromtheiroperatingactivities.Theexistenceandeffectofpotentialvotingrights,includingthatderivedfromtheconvertiblebondsandwarrantsthatarecurrentlyconvertibleorexercisable,isconsider

43、edindetermingwhethertheGrouphascontrolovertheinvestees.InvestmentsinsubsidiariesarepresentedintheCompanysfinancialstatementsusingthecostmethod,andareadjustedtotheequitymethodwhenpreparingtheconsolidatedfinancialstatements.Forlong-termequityinvestmentsaccountedforusingthecostmethod,cashdividendorprof

44、itdistributiondeclaredbytheinvesteesisrecognisedasinvestmentincomeinprofitorloss.JointventuresandassociatesJointventuresaretheinvesteesoverwhichtheGroupisabletoexercisejointcontroltogetherwithotherventurers.AssociatesaretheinvesteesthattheGrouphassignificantinfluenceontheirfinancialandoperatingpolic

45、ies.Investmentsinjointventuresandassociatesareaccountedforusingtheequitymethod.WheretheinitialinvestmentcostexceedstheGroupsshareofthefairvalueoftheinvesteesidentifiablenetassetsatthetimeofacquisition,theinvestmentisinitiallymeasuredatcost.WheretheinitialinvestmentcostislessthantheGroupsshareofthefa

46、irvalueoftheinvesteesidentifiablenetassetsatthetimeofacquisition,thedifferenceisincludedinprofitorlossforthecurrentperiodandthecostofthelong-termequityinvestmentisadjustedupwardsaccordingly.Undertheequitymethodofaccounting,theGrouprecognisestheinvestmentincomeaccordingtoitsshareofnetprofitorlossofth

47、einvestee.TheGroupdiscontinuesrecognisingitsshareofnetlossesofaninvesteeafterthecarryingamountofthelong-termequityinvestmenttogetherwithanylong-termintereststhat,insubstance,formpartoftheinvestorsnetinvestmentintheinvesteearereducedtozero.However,iftheGrouphasobligationsforadditionallossesandthecrit

48、eriawithrespecttorecognitionofprovisionsundertheaccountingstandardsoncontingenciesaresatisfied,theGroupcontinuesrecognisingtheinvestmentlossesandtheprovisions.Forchangesinownersequityoftheinvesteeotherthanthosearisingfromitsnetprofitorloss,theGrouprecordsitsproportionatesharedirectlyintocapitalsurpl

49、us,providedthattheGroupsproportionofshareholdingintheinvesteeremainsunchanged.ThecarryingamountoftheinvestmentisreducedbytheGroupsshareoftheprofitdistributionorcashdividendsdeclaredbyaninvestee.Theunrealisedprofitsorlossesarisingfromtheintra-grouptransactionsamongsttheGroupanditsinvesteesareeliminat

50、edinproportiontotheGroupsequityinterestintheinvestees,andthenbasedonwhichtheinvestmentgainorlossesarerecognised.Forthelossontheintra-grouptransactionamongsttheGroupanditsinvesteesattributabletoassetimpairment,anyunrealisedlossisnoteliminated.Otherlong-termequityinvestmentsOtherlong-termequityinvestm

51、ents,wheretheGroupdoesnothavecontrol,jointcontrolorsignificantinfluenceovertheinvesteeandwhicharenotquotedinanactivemarketandwhosefairvaluecannotbereliablymeasured,areaccountedforusingthecostmethodInvestmentpropertiesInvestmentproperties,includinglanduserightsthathavealreadybeenleasedout,buildingsth

52、atareheldforthepurposeofleasingandbuildingsthatisbeingconstructedordevelopedforfutureuseforleasing,aremeasuredinitiallyatcost.SubsequentexpendituresincurredinrelationtoaninvestmentpropertyareincludedinthecostoftheinvestmentpropertywhenitisprobablethattheassociatedeconomicbenefitswillflowtotheGroupan

53、dtheircostscanbereliablymeasured;otherwise,theexpendituresarerecognisedinprofitorlossintheperiodinwhichtheyareincurred.TheGroupadoptsthecostmodelforsubsequentmeasurementofinvestmentproperties.Buildingsandlanduserightsaredepreciatedoramortisedtotheirestimatednetresidualvaluesovertheirestimatedusefull

54、ives.Theestimatedusefullives,theestimatednetresidualvaluesthatareexpressedasapercentageofcostandtheannualdepreciation(amortisation)ratesofinvestmentpropertiesareasfollows:CategoryEstimatedusefullivesEstimatednetresidualvaluesAnnualdepreciation(amortisation)rates1Buildings30years5%3.17%2Landuserights

55、50years0%2%Whenaninvestmentpropertyistransferredtoowner-occupiedproperties,itisreclassifiedasfixedassetorintangibleassetatthedateofthetransfer.Whenanowner-occupiedpropertyistransferredoutforearningrentalsorforcapitalappreciation,thefixedassetorintangibleassetisreclassifiedasinvestmentpropertiesatits

56、carryingamountatthedateofthetransfer.Theinvestmentpropertysestimatedusefullife,netresidualvalueanddepreciation(amortisation)methodappliedarereviewedandadjustedasappropriateateachyear-end.Aninvestmentpropertyisderecognisedondisposalorwhentheinvestmentpropertyispermanentlywithdrawnfromuseandnofutureec

57、onomicbenefitsareexpectedfromitsdisposal.Thenetamountofproceedsfromsale,transfer,retirementordamageofaninvestmentpropertyafteritscarryingamountandrelatedtaxesandexpensesisrecognisedinprofitorlossforthecurrentperiod.FixedassetsFixedassetscomprisebuildings,machineryandequipment,motorvehicles,computers

58、andelectronicequipmentandofficeequipment.FixedassetspurchasedorconstructedbytheGroupareinitiallymeasuredatcostatthetimeofacquisition.SubsequentexpendituresincurredforafixedassetareincludedinthecostofthefixedassetwhenitisprobablethattheassociatedeconomicbenefitswillflowtotheGroupandtherelatedcostcanb

59、ereliablymeasured.Thecarryingamountofthereplacedpartisderecognised.Alltheothersubsequentexpendituresarerecognisedinprofitorlossintheperiodinwhichtheyareincurred.Fixedassetsaredepreciatedusingthestraight-linemethodtoallocatethecostoftheassetstotheirestimatedresidualvaluesovertheirestimatedusefullives

60、.Forthefixedassetsthathavebeenprovidedforimpairmentloss,therelateddepreciationchargeisprospectivelydeterminedbasedupontheadjustedcarryingamountsovertheirremainingusefullives.Theestimatedusefullives,theestimatedresidualvaluesexpressedasapercentageofcostandtheannualdepreciationratesoffixedassetsareasf