Today's Information |
Provided by: United Renewable Energy Co., Ltd. | |||||
SEQ_NO | 5 | Date of announcement | 2022/02/25 | Time of announcement | 20:30:22 |
Subject | Correction to certain content 2021 3Q 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 3Q 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 3,159,605 Total current assets 14,702,436 Total assets 31,069,525 Lease liability - non-current 598,564 Total non-current liabilities 4,907,096 Total liabilities 16,892,928 Total liabilities and equity 31,069,525 Page 20: Notes (6)(f)Inventories Construction in progress 1,647,014 Right-of-use asset 894,061 Finished goods and products 0 Raw materials 500,288 Work in progress 118,242 --------------- 3,159,605 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 30: Notes (6)(r)Lease liabilities Non-current 598,564 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 10,976,099 6,557,655 921,583 Short-term notes and bills payable 466,000 466,000 - Lease liabilities 814,059 75,848 60,123 Non-interest bearing liabilities 3,085,449 3,085,449 - Derivative financial liabilities (Note) Inflow (432,720) (432,720) - Outflow 428,824 428,824 - ---------- ---------- --------- 15,337,711 10,181,056 981,706 2-3 years Over 3 years Non-derivative financial liabilities Bank borrowings 2,459,754 1,037,107 Short-term notes and bills payable - - Lease liabilities 53,468 624,620 --------- ----------- 2,513,222 1,661,727 Page 43:Notes (6)(ac)Financial Instruments 4) Fair value of financial instruments Financial liabilities measured September 30, 2021 at amortized cost Book value Long-term and short-term borrowings 10,295,634 Short-term notes payable 465,853 Accounts payable (including related parties) 1,719,894 Lease liabilities 631,028 Preference share liabilities 19,471 Other financial liabilities 1,365,556 ------------- 14,497,436 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 (2,317,851) Short-term borrowings 2,320,002 924,690 Shor-term notes payable 174,810 291,100 Lease liabilities 655,934 (48,832) Preference share liabilities 28,282 (12,704) Total liabilities from financing activities 13,661,440 (1,163,597) Foreign exchange movements September 30, and others 2021 ---------- ----------- Long-term borrowings (1,094,182) 7,070,379 Short-term borrowings (19,437) 3,225,255 Shor-term notes payable (57) 465,853 Lease liabilities 23,926 631,028 Preference share liabilities 3,893 19,471 Total liabilities from financing activities (1,085,857) 11,411,986 8.Amounts/ contents/ number of page after correction:Page 4: Consolidated Balance Sheets Inventories 3,772,796 Total current assets 15,315,627 Total assets 31,682,716 Lease liability - non-current 1,211,755 Total non-current liabilities 5,520,287 Total liabilities 17,506,119 Total liabilities and equity 31,682,716 Page 20: Notes (6)(f)Inventories Construction in progress 1,647,014 Right-of-use asset 894,061 Finished goods and products 613,191 Raw materials 500,288 Work in progress 118,242 --------------- 3,772,796 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 30: Notes (6)(r)Lease liabilities Non-current 1,211,755 Page 39:Notes (6)(ac)Financial Instruments (ii) Liquidity risk Contractual Within 1 cash flows year 1-2 years September 30, 2021 Non-derivative financial liabilities Bank borrowings 10,976,099 6,557,655 921,583 Short-term notes and bills payable 466,000 466,000 - Lease liabilities 1,562,233 75,876 77,442 Non-interest bearing liabilities 3,085,449 3,085,449 - Derivative financial liabilities (Note) Inflow (432,720) (432,720) - Outflow 428,824 428,824 - ---------- ---------- --------- 16,085,885 10,181,084 999,025 2-3 years Over 3 years September 30, 2021 Non-derivative financial liabilities Bank borrowings 2,459,754 1,037,107 Short-term notes and bills payable - - Lease liabilities 95,033 1,313,910 --------- ----------- 2,554,787 2,351,017 --------- ----------- Page 43:Notes (6)(ac)Financial Instruments 4) Fair value of financial instruments Financial liabilities measured September 30, 2021 at amortized cost Book value Long-term and short-term borrowings 10,295,634 Short-term notes payable 465,853 Accounts payable (including related parties) 1,719,894 Lease liabilities 1,244,219 Preference share liabilities 19,471 Other financial liabilities 1,365,556 ------------- 15,110,627 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 (2,317,851) Short-term borrowings 2,320,002 924,690 Shor-term notes payable 174,810 291,100 Lease liabilities 655,934 (48,832) Preference share liabilities 28,282 (12,704) Total liabilities from financing activities 13,661,440 (1,163,597) Foreign exchange movements September 30, and others 2021 ---------- ----------- Long-term borrowings (1,094,182) 7,070,379 Short-term borrowings (19,437) 3,225,255 Shor-term notes payable (57) 465,853 Lease liabilities 637,117 1,244,219 Preference share liabilities 3,893 19,471 Total liabilities from financing activities (472,666) 12,025,177 9.Countermeasures:Upload onto MOPS after correction, and do not affect 2021 3Q 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.