Recently, Huai'an Optoelectronics Co., Ltd., a subsidiary of Aoyang Shunchang, received a letter from Huai'an Qinghe District People's Government on the equipment subsidy for Huai'an Aoyang Shunchang Optoelectronic Technology Co., Ltd. According to the letter, MOCVD and related purchases of Huai'an Optoelectronics in 2012. Auxiliary equipment, Qinghe District Government will grant a subsidy of equipment for each 10 million yuan, the specific subsidy funds will be paid according to the corresponding procurement and installation and commissioning of the corresponding equipment. The company is mainly engaged in the production of LED epitaxial wafers and chips.
According to the Accounting Standards for Business Enterprises, the subsidy paid in accordance with the above letter belongs to the government grant related to the asset, which will be included in the deferred income when it is received, and then used in the asset from the time the relevant asset is available for use. The average share over the life is included in the non-operating income. According to the company's accounting policy, the depreciation period of machinery and equipment is ten years, and the subsidy will be credited to profit or loss within ten years from the official use of the corresponding MOCVD equipment.
On May 10, 2012, Huai'an Optoelectronics received a grant of 3 million yuan from MOCVD equipment funded by the Qinghe District People's Government of Huai'an City according to the above letter. The financial subsidies received this time have no significant impact on the company's 2012 annual results. However, the company's accounting treatment of the above government subsidy income must ultimately be subject to the results of the annual audit of the accountant.
According to the Accounting Standards for Business Enterprises, the subsidy paid in accordance with the above letter belongs to the government grant related to the asset, which will be included in the deferred income when it is received, and then used in the asset from the time the relevant asset is available for use. The average share over the life is included in the non-operating income. According to the company's accounting policy, the depreciation period of machinery and equipment is ten years, and the subsidy will be credited to profit or loss within ten years from the official use of the corresponding MOCVD equipment.
On May 10, 2012, Huai'an Optoelectronics received a grant of 3 million yuan from MOCVD equipment funded by the Qinghe District People's Government of Huai'an City according to the above letter. The financial subsidies received this time have no significant impact on the company's 2012 annual results. However, the company's accounting treatment of the above government subsidy income must ultimately be subject to the results of the annual audit of the accountant.
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