Accounting, Legal and Regulatory Risks The Company is exposed to the risk that it may fail to maintain accurate accounting records, fail to comply with requirements of its Prospectus or fail to adapt its processes to changes in law or regulations. The accounting records prepared by the relevant ...
It sets out requirements for how NS&I is directed and managed and includes provisions regarding: – the role, powers and rights of HM Treasury and its Ministers – the role of the Accounting Officer (who is the Chief Executive of NS&I) – the role of the NS&I board and its Chair – ...
317.02 12.39 As required by the Circular of the Ministry of Finance on Issuing and Provisions concerning VAT Accounting Treatment (Cai Kuai [2016] No.22) enacted by the Ministry of Finance on December 3, 2012, and the Accounting Standard for Business Enterprise No.30-Presenation of Financial ...
Material accounting policies adopted in the preparation of these financial statements are presented below and have been consistently applied unless otherwise stated. The financial statements, except for the cash flow information, have been prepared on an accruals basis and is based on historical costs,...
Financial accounting and management reporting standards have been established. Centralised functional control is exercised over all computer system developments and operations. In order to ensure consistency and benefit from economies of scale, identical IT systems are being employed, where possible, for ...
2021 Annual Report Accounting Standards and China Accounting Standards in the reporting period. VIII. Key Quarterly Financial Indicators Unit: RMB 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Total revenue 3,408,216,862.74 4,265,864,898.95 4,045,798,609.62 4,300,929,434.21 Net profit ...
Income and expenditure is otherwise shown net of VAT. 1.10 PENSIONS Present and past employees are covered by the provisions of the Principal Civil Service Pension Scheme (PCSPS), which is non-contributory and un-funded. Although the Scheme is a defined benefit scheme, liability for payments ...
(%) 1.605 9.19 6.96 1.522 5.45 8.02 Increased by 1.17% 6.96 Increased by 0.00 % 1.847 10.53 8.87 Explanations on major accounting data and financial indicators in recent three years √Applicable □N/A The net flow cash from operating activities during the reporting period decreased by 42.39% ...