Today's Information |
Provided by: United Renewable Energy Co., Ltd. | |||||
SEQ_NO | 4 | Date of announcement | 2022/02/25 | Time of announcement | 20:29:39 |
Subject | Correction to certain content 2021 2Q financial statement | ||||
Date of events | 2022/02/25 | To which item it meets | paragraph 51 | ||
Statement | 1.Date of occurrence of the event:2022/02/25 2.Company name:United Renewable Energy Co., Ltd. 3.Relationship with the Company (please enter "the company itself" or "subsidiaries"):the company itself 4.Reciprocal shareholding percentage:N/a 5.Cause of occurrence:The subsidiary UREE's leasing contract with Ministry of Economic Affairs was not recognized as right-of-use assets and lease liabilities according to IFRS16, therefore Company corrected some contents of the 2021 2Q financial statements. Correction to Notes (6)(f),(r), (ac), (af) to the Consolidated Balance Sheets 6.Information items/ statements to be corrected:Notes (6)(f) Inventories,(r)Lease liabilities, (ac)Financial Instruments, (af)Investing and financing activities not affecting current cash flow to the Consolidated Balance Sheets 7.Amounts/ contents/ number of page to be corrected:Page 4: Consolidated Balance Sheets Inventories 3,054,010 Total current assets 15,735,747 Total assets 31,818,920 ------------- Lease liability - non-current 582,623 Total non-current liabilities 5,307,772 Total liabilities 17,577,982 Total liabilities and equity 31,818,920 Page 20: Notes (6)(f)Inventories Construction in progress 1,629,750 Right-of-use asset 0 Finished goods and products 749,935 Raw materials 502,288 Work in progress 172,037 --------------- 3,054,010 1.The construction in progress listed above is the construction cost incurred to build the power plant that the Group is intending to sell. Page 31: Notes (6)(r)Lease liabilities Non-current 582,623 Page 39:Notes (6)(ac)Financial Instruments (ii) Liquidity risk Contractual Within 1 cash flows year 1-2 years Non-derivative financial liabilities Bank borrowings 12,244,313 7,464,890 1,790,372 Short-term notes and bills payable 200,000 200,000 - Lease liabilities 830,216 75,876 64,309 Non-interest bearing liabilities 2,713,181 2,713,181 - Derivative financial liabilities (Note) Inflow (314,989) (314,989) - Outflow 312,164 312,164 - ---------- ---------- --------- 15,984,885 10,451,122 1,854,681 2-3 years Over 3 years Non-derivative financial liabilities Bank borrowings 1,907,585 1,081,466 Short-term notes and bills payable - - Lease liabilities 52,947 637,084 Non-interest bearing liabilities - - Derivative financial liabilities (Note) Inflow - - Outflow - - --------- ----------- 1,960,532 1,718,550 Page 43:Notes (6)(ac)Financial Instruments 4) Fair value of financial instruments Financial liabilities measured June 30, 2021 at amortized cost Book value Long-term and short-term borrowings 11,613,552 Short-term notes payable 199,912 Accounts payable (including related parties) 1,476,277 Lease liabilities 642,043 Preference share liabilities 22,345 Other financial liabilities 1,236,904 ------------- 15,191,033 Page 49:Notes (6)(af)Investing and financing activities not affecting current cash flow (ii) Reconciliation of liabilities arising from financing activities were as follows: January 1, Cash 2021 flows ---------- --------- Long-term borrowings 10,482,412 (171,009) Short-term borrowings 2,320,002 188,332 Shor-term notes payable 174,810 24,927 Lease liabilities 655,934 (38,085) Preference share liabilities 28,282 (8,501) Total liabilities from financing activities 13,661,440 (4,336) Foreign exchange movements June 30, and others 2021 ----------- ---------- Long-term borrowings (1,190,594) 9,120,809 Short-term borrowings (15,591) 2,492,743 Shor-term notes payable 175 199,912 Lease liabilities 24,194 642,043 Preference share liabilities 2,564 22,345 Total liabilities from financing activities (1,179,252) 12,477,852 8.Amounts/ contents/ number of page after correction:Page 4: Consolidated Balance Sheets Inventories 3,667,201 Total current assets 16,348,938 Total assets 32,432,111 ------------- Lease liability - non-current 1,195,814 Total non-current liabilities 5,920,963 Total liabilities 18,191,173 Total liabilities and equity 32,432,111 Page 20: Notes (6)(f)Inventories Construction in progress 1,629,750 Right-of-use asset 613,191 Finished goods and products 749,935 Raw materials 502,288 Work in progress 172,037 --------------- 3,667,201 --------------- 1.The construction in progress listed above is the construction cost incurred to build the power plant that the Group is intending to sell. Page 31: Notes (6)(r)Lease liabilities Non-current 1,195,814 Page 39:Notes (6)(ac)Financial Instruments (ii) Liquidity risk Contractual Within 1 cash flows year 1-2 years ---------- --------- --------- June 30, 2021 Non-derivative financial liabilities Bank borrowings 12,244,313 7,464,890 1,790,372 Short-term notes and bills payable 200,000 200,000 - Lease liabilities 1,578,391 75,876 71,237 Non-interest bearing liabilities 2,713,181 2,713,181 - Derivative financial liabilities (Note) Inflow (314,989) (314,989) - Outflow 312,164 312,164 - ---------- ---------- --------- 16,733,060 10,451,122 1,861,609 ---------- ---------- --------- 2-3 years Over 3 years --------- ------------ June 30, 2021 Non-derivative financial liabilities Bank borrowings 1,907,585 1,081,466 Short-term notes and bills payable - - Lease liabilities 94,512 1,336,766 Non-interest bearing liabilities - - Derivative financial liabilities (Note) Inflow - - Outflow - - --------- ----------- 2,002,097 2,418,232 --------- ----------- Page 43:Notes (6)(ac)Financial Instruments 4) Fair value of financial instruments Financial liabilities measured June 30, 2021 at amortized cost Book value ------------- Long-term and short-term borrowings 11,613,552 Short-term notes payable 199,912 Accounts payable (including related parties) 1,476,277 Lease liabilities 1,255,234 Preference share liabilities 22,345 Other financial liabilities 1,236,904 ------------- 15,804,224 ------------- Page 49:Notes (6)(af)Investing and financing activities not affecting current cash flow (ii) Reconciliation of liabilities arising from financing activities were as follows: January 1, Cash 2021 flows ---------- --------- Long-term borrowings 10,482,412 (171,009) Short-term borrowings 2,320,002 188,332 Shor-term notes payable 174,810 24,927 Lease liabilities 655,934 (38,085) Preference share liabilities 28,282 (8,501) Total liabilities from financing activities 13,661,440 (4,336) Foreign exchange movements June 30, and others 2021 ---------- --------- Long-term borrowings (1,190,594) 9,120,809 Short-term borrowings (15,591) 2,492,743 Shor-term notes payable 175 199,912 Lease liabilities 24,194 642,043 Preference share liabilities 2,564 22,345 Total liabilities from financing activities (1,179,252) 13,091,043 9.Countermeasures:Upload onto MOPS after correction, and do not affect 2021 2Q income statement. 10.Any other matters that need to be specified:none |
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United Renewable Energy Co. Ltd. published this content on 25 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 February 2022 13:00:20 UTC.