審計報告英文版

1、AUDITOR S REPORTYue Hua Shen / Yan Zi (2014) No. 0002 ICPA filing number: 020201401000420To all shareholders of * Co., Ltd:We have audited the accompanying financial statements of * Co., Ltd ( Your Company” )，which comprise the balance sheetas of 31 December 2013, the income statement,statement of c

2、hanges in owners equity and cash flow statement for the year then ended, and notes to the financial statements.Management s responsibility for the financial statementsManagement of your Company is responsible for the preparation and fair presentation of financial statements.This responsibility inclu

3、des: (1) in accordance with the Accounting Standardsfor Business Enterprises and its relevant provisions, preparing the financial statements and reflecting fair presentation; (2) designing, implementing and maintaining the necessary internal control in order to free financial statements from materia

4、l misstatement, whether due to fraud or error.Auditors responsibilityOur responsibility is to express an opinion on these financial statements based on our audit. We conducted our audit in accordance with Chinese Certified Public Accountants Auditing Standards. Those standards require that we comply

5、 with ethical requirements and plan and perform the audit to obtain reasonableassurance whether the financial statements are free from material misstatement.An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures

6、selected depend on the auditors judgment, including the assessment of the risks of material misstatement of the financial statements,whether due to fraud or error. In making those risk assessments, we consider the internal control relevant to the preparation and fair presentation of the financial st

7、atements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the internal control. An audit also includes evaluating the appropriatenessof accounting policies used and the reasonablenessof accounting

8、estimates made by management, as well as evaluating the overall presentation of the financial statements.We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.OpinionIn our opinion, the financial statements of your Company have bee

9、n prepared in accordance with the Accounting Standards for Business Enterprise and its relevant provisions in all material respect, and present fairly the financial position of your Company as of 31 December 2013, and the results of its operations and cash flows for the year then ended.Guangdong Hua

10、xin Accounting Firm (general partner)Guangdong, ChinaChin ese Certified Public Acco untant:Chin ese Certified Public Acco untant:Jan uary 3, 2014BALANCE SHEETAS OF 31 DECEMBER 2013 Unit: RMB Yua nCompa ny: * Co., LtdAssetEnding bala neeBeg inningBala neeLiabilities and all parties equity (or shareho

11、lders equity)Ending bala neeBeg inningBala neeCurrent Assets:Curre nt liabilities:Mon etary fundsShort-term borrow ingsTran sact ion finan cial asset1_1 1Tran sact ion finan cial liabilitiesNotes receivableNotes payableAcco unt receivableAcco unt payableAcco unt paid in adva neeAcco unt received in

12、advanee-1 1111In terest receivableEmployee s compe nsati on payableDivide nd receivableTax payableOther acco unt receivableIn terest payableInven toriesDivide nd payableNon-current assets due withi n 1 yearOther acco unt payableOther curre nt assets-Non-curre nt liabilities due withi n 1 yearTotal c

13、urre nt assets-Other curre nt liabilitiesNon-curre nt assets:Total curre nt liabilities-Available for sale finan cial assetsNon-curre nt liabilities:Maturity in vestme ntsLon g-term borrow ingsLon g-termacco untreceivablesBonds payableLon g-termequityinv estme nt11Lon g-termaccountpayableInv esti ng

14、 propertySpecial payablesFixed assetAccrued liabilitiesProject in con struct ionDeferred tax liabilitiesEngin eeri ng materialOthernon-curre nt111111liabilitiesFixed asset disposalTotalnon-curre ntliabilitiesProductio n biological assets11_11. . .Total liabilities-11Oil and gas assetsOwner s equity

15、( or shareholders equity)d 1M11Intan gible assetsPaid-in capital (or share capital)Developme nt expe nseCapital surplus-GoodwillLess: Treasury StockLon g-term expe nse to be apporti onedEarned surplusDeferred tax assetsReta ined earnings-Other non-curre nt assetsTotal owner equity (or shareholders e

16、quity)-Total non-curre nt assets-Total assetsTotal liabilities and owner s equity (or shareholders equity)Prepared by:Audited by:Finance ManCompa nyager:Leader:INCOME STATEMENTItemsCumulative amount in this yearAmount in last yearI. Operati ng in comeMinus: Operati ng costTaxes and associate charges

17、Selli ng and distributio n expe nsesAdmi nistrative expe nses-Finan cial expe nse-Asset impairme nt loss4 , r1 r 1/1Plus: gain from change in fair value ( loss with L .Gai n from in vestme nt ( loss with -)In cludi ng: in come form inv estme nt on affiliated en terprise and joint en terpriseII. Oper

18、ating profit (loss with )-Plus: non-bus in ess in come-Less: non-bus in ess expe nseIn clud ing: loss from non-curre nt asset disposalIII. Total profit (loss with -)-FOR THE YEAR ENDED 31 DECEMBER 2013Un it: RMB Yua nCompa ny: * Co., LtdLess: In come taxIV. Net profit (loss with )-V. Earnings per sh

19、are(I) basic earnings per share(II) diluted earnings per shareVI. Other comprehe nsive earningsVII. Total comprehe nsive earnings-Prepared by:Audited by:Finance ManCompanyager:Leader:CASH FLOW STATEMENTFOR THE YEAR ENDED 31 DECEMBER 2013 Un it: RMB Yua nCompa ny: * Co., LtdItemsTimesAmount in this y

20、earCumulative amount in last year1. Cash flows arising from operating activities:0Cash received from sales of goods or rending o services1Refund of tax and fare received2Other cash received relating to operating activities3Sub-total of cash in flows4Cash paid for goods and services5Cash paid to and

21、on behalf of employees6Tax and fare paid7Other cash paid relati ng to operati ng activities8Sub-total of cash outflows9Net cash flow from operat ing activities 1r-if11102. Cash flows aris ing from inv estme nt0activitiesCctshLrbeived from return of in vestme nts11Cash received from in vestme nt in c

22、ome12Net cash received from disposal of fixed assets, intan gible assets and other Ion g-term assets13Net cash received from disposal of subsidiaries and other bus in ess un its14Other cash received relating to investment activities15Sub-total of cash in flows16Cash paid for acquiri ng fixed assets,

23、 intan gible assets and other long-term assets17Cash paid for acquiri ng inv estme nts18Net cash received from subsidiaries and other bus in ess un its19Other cash paid relati ng to inv estme nt activities20Sub-total of cash outflows21Net cash flow from investing activities223. Cash flows arising fr

24、om financing activities:0Cash received from absorb ing in vestme nt23Cash received from borrow ings24Other cash relating to financing activities25Sub-total of cash in flows26Cash paid for settli ng debt27Cash paid for distributi on of divide nds or profit or reimbursi ng in terest28Other cash paymen

25、ts relating to financing activities29Sub-total of cash outflows30Net cash flow from financing activities314. In flue nee on cash due to fluctuati on in excha nge rate345. Net in crease in cash and cash equivale nts35Add : Bala nee of cash and cash equivale nts at the beg inning of the year366. Bala

26、nee of cash and cash equivale nts at the end of the year37Suppleme ntary in formati on:0Attached project of cash flow stateme nt01. Net profit is adjusted to cash flow of operati ng activities0Net profit38Impairme nt of assets39Fixed asset depreciation, depletion of oil and gas assets and depreciati

27、on of productive biological assets40Amortizati on of intan gible assets41Amortizati on of Ion g-term prepaid expe nses42Treatment of losses of fixed assets,intangible assets and other Ion g-term assets43Loss on retirement of fixed assets44Loss of cha nges in fair value45Finance costs46In vestme nt l

28、osses47Decrease in deferred in come tax assets48In crease in deferred in come tax liabilities49Decrease in inven tories50Decrease in operati ng receivables51In crease in operati ng payables52Others53Net cash flow from operat ing activities542. Investing and financing activities not relating to cash0

29、Debt into capital55Con vertible debt due with in one year56Finance leased fixed assets573. Net in crease in cash and cash equivale nts0Bala nee of cash at the end of this period58Less: bala nee of cash at the beg inning of this period59Add: bala nee of cash equivale nts at the end of this period60Le

30、ss: balanee of cash equivalents at the beg inning of this period61Net in crease in cash and cash equivale nts62Prepared by:Audited by:Finance ManCompanyager:Leader:STATEMENT OF CHANGES IN OWNEREQUITYFOR THE YEAR ENDED 31 DECEMBER 2013Compa ny: * Co., LtdItemsAmount in this yearAmount in last yearPai

31、d-u p capitalCapita l surplu sEarned surplu sRetai n ed earni n gslotal owner s equityPaid -up capit alCapi tal surpl usEarn ed surpl usReta ined earni ngslotal own ers equit yI. bala nee at the end of last year-Add:cha nge ofacco un ti ng policy-Correcti on of errors in previous period-II. Bala nee

32、 at the begi nning of this year-III. I ncrease/ decrease of amount in this year ( “” means decrease)(I) Net profit-(II) Gains and losses directly in eluded in the own ers equity1. Net cha nge amount in fair value of financial assets available for sale2. In flue nee of cha nges in other own ers equit

33、y of inv estors un der the equity method3. In flue nee of in come tax relat ing to the own ers equity project4. Others-Subtotal of (I) and (II)-(III) In put an reduced capital of owners-1. In put capital of owners-2.Am ount of shares included in the owners equity3. Others-(IV) Profit distributio n-1

34、. Withdrawing earned surplus-2. Distributio n to all owners (or shareholders)-3. Others-(V) In ternal carry ing forward of owners equity1. Capital surplus tran sfers to paid-i n capital (or share capital)2. Earned surplus tran sfers to paid-i n capital (or share capital)3. Earned surplus makes up lo

35、sses-4. OthersIV. Bala nee at the end of this period-Legal representative: Pers on incharge of acco unti ng: Leader ofacco unting departme nt:*CO., LTDNOTES TO THE FINANCIAL STATEMENTSFOR THE YEAR ENDED DECEMBER 31,2013(All amou nts in RMB Yua n)Company Profile* Co., Ltd. (here in after referred to

36、as the Compa ny) is a limited liability company (Sino-foreign joint venture) jointly invested and established by * Co., Ltd. and * Limited on 24 June 2013. On December 26, 2013, the shareholders have been changed to* CO., LTD and * LIMITED.Bus in ess Lice nse of En terprise Legal Pers on Lice nse No

37、.:Legal Represe ntative:Registered Capital: RMB (Paid-in Capital: RMB )Address:Busin ess Scope: Financing and leas ing bus in ess; leas ing bus in ess; purchase of leased property from home and abroad; residue value treatme nt and maintenance of leased property; consulting and guarantees of lease tr

38、ansaction (articles invoIved in the in dustry lice nse man ageme nt would be dealt in terms of n ati onal releva nt stipulati ons)Declaration on following Accounting Standard for Business Enterprises The financial statements made by the Company are in accordanee with the requireme nts of Acco un ti

39、ng Sta ndard for Busin ess En terprises, which reflects the financial position, financial performance and cash flow of the Company truly and completely.Basic of preparation of financial statementsThe Compa ny impleme nts the Acco unting Stan dards for Bus in ess En terprises (Finance and Accounting

40、2006 No. 3” )issued by the Ministry of Finance on February 15, 2006 and the successive regulations. The Company prepares its financial stateme nts on a going concern basis, and recog ni zes and measuresits acco unting items in complia nce with the Acco un ti ng Sta ndards for Busin ess En terprises

41、-Basic Stan dards and other releva nt acco unting sta ndards, applicati on guideli nes and criteria for interpretation of provisions as well as the significant accounting policies and acco un ti ng estimates on the basis of actual tran sacti ons and eve nts.The main accounting policies, accounting e

42、stimates and changes Fiscal year The Company adopts the calendar year as its fiscal year from January 1 to December 31.Functional currencyRMB was the fun cti onal curre ncy of the Compa ny.Acco un ti ng measureme nt attributeThe Company adopts the accrual basis for accounting treatments and double-e

43、ntry bookkeep ing of borrow ing for finan cial acco un ti ng. The historical cost is gen erally as the measurement attribute, and when accounting elements determined are in line with the requirements of Accounting Standards for Enterprises and can be reliably measured,the replacement cost, net reali

44、zable value and fair value can be used for measureme nt.Accounting method of foreign currency transactionsThe Compa ny foreig n curre ncy tran sact ions adopt approximate spot excha nge rate of the transaction date to convert into RMB in accordanee with systematic and rati onal method; on the bala n

45、ee sheet date, the foreig n curre ncy mon etary items use the spot exchange rate of the balanee sheet date. All balances of exchange arising from differe nces betwee n the bala nee sheet date spot excha nge rate and the in itial recognition or the former balanee sheet date spot exchange rate, except

46、 that the excha nge gains and losses aris ing by borrow ing foreig n curre ncy for the eon structi on or product ion of assetseligible for capitalizatio n are tran sactedin accorda ncewith capitalizati on prin ciples, are in eluded in profit or loss in this period; the foreig n curre ncy non-mon eta

47、ry items measured at historical cost will still be conv erted with the spot excha nge rate of the tran sact ion date.The standard for recognizing cash equivalentWhe n making the cash flow stateme nt, cash on hand and deposits readily to be paid will be recog ni zed as cash, and short-term (usually n

48、o more tha n three mon ths), highly liquid and readily con vertible to known amounts of cash with in sig nifica nt risk of cha nges in value are recog ni zed as cash equivale nt.Financial InstrumentsClassification, recognition and measurement of financial assets-The company at the time of initial re

49、cognition of financial assets divides it into the following four categories: financial assets measured at fair value with changes in eluded in the profit or loss of this period, loa ns and receivables, finan cial assets available for sale and held-to-maturity investments. Financial assets are measur

50、ed at fair value whe n in itially recog ni zed. Releva nt tran sact ion costs of finan cial assets measured at fair value with cha nges in eluded in the profit or loss of this period are recog ni zed in profit or loss of this period, and releva nt tran sact ion costs of other categories of financial

51、 assets are recognized in the amount initially recognized.-Finan cial assets measured at fair value with cha nges in eluded in the profit or loss of this period refer to the short-term sales finan cial assets, in clud ing finan cial assets held for trad ing or finan cial assets measured at fair valu

52、e with cha nges in eluded in the profit or loss of this period designated upon initial recognition by the management. Finan cial assets measured at fair value with cha nges in eluded in the profit or loss of this period are subseque ntly measured at fair value, and the in terest or cash divide nds o

53、bta ined duri ng the holdi ng period will be recog ni zed as inv estme nt in come, and the gains or losses of the cha nge in fair value at the end of this period are recog ni zed in the profit or loss in this period. When it is disposed, the differenee between the fair value and the in itial recorde

54、d amount is recog ni zed as inv estme nt in come, while adjusting gains from changes in the fair value.-Loans and receivables: the non-derivative financial assetswithout the price in an active market and with fixed and determinable recovery cost are classified as loans and receivables. Loans and rec

55、eivables adopt the effective interest method and take amortized cost for subsequent measurement, and gains or losses arising from derecognition, impairment or amortization are included in the profit or loss of this period. -Financial assets available for sale: including non-derivative financial asse

56、ts available for sale recognized initially and other non-derivative financial assets except for loans and receivables, held-to-maturity investments and trading financial assets. Financial assets available for sale are subsequently measured at fair value, and interest or cash dividends obtained durin

57、g the holding period will be recognized as investment income, and gains or losses arising from the changes in fair value at the end of this period are recognized directly in owners equity until the financial asset is derecognized or impaired and then is recognized as the profit or loss in this perio

58、d.-Held-to-maturity investments: the non-derivative financial assets with clear intention and ability to hold to maturity by the management of the company, a fixed maturity date and fixed or determinable payments are classified as held-to-maturity investments. Held- to-maturity investments adopt the

59、 effective interest method and take amortized cost for subsequentmeasurement,and gains or losses arising from derecognition, impairment or amortization are included in the profit or loss of this period.Classification, recognition and measurement of financial liabilities-The company at the time of in

60、itial recognition of financial liabilities divides it into the following two categories: financial liabilities measured at fair value with changes included in the profit or loss of this period and other financial liabilities. Financial liabilities are measured at fair value when initially recognized