UNITED RENEWABLE ENERGY CO., LTD. | 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
|
Attachments
- Original Link
- Original Document
- Permalink
Disclaimer
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.
