Chapter I General
Article 1 In order to regulate the construction, real estate development enterprise financial behavior, is conducive to fair competition, strengthen the financial
service management and economic accounting, according to the "General Principles of Enterprise Finance", combined with the characteristics of the construction, real estate development enterprises and their management
requirements, to formulate the system. system.
Article 2 This system applies to all kinds of construction and real estate development enterprises (hereinafter referred to as enterprises) within the territory of the People's Republic of China, including enterprises of various economic
natures such as national ownership enterprises, collectively-owned enterprises, privately-owned enterprises, and foreign-invested enterprises, as well as enterprises of various forms of organization, such as limited liability companies and joint-stock companies.
This system also applies to construction and real estate development enterprises with independent accounting in other industries.
Article 3 Enterprises shall, within 30 days from the date of business registration, submit to the competent financial authorities copies of the certificate of approval for the establishment of the enterprise
, business license, contract, articles of association and other documents.
Enterprises in the event of relocation, merger, separation and other changes in registration and other major matters, shall, within 30 days from the date of registration of changes in accordance with the law
to the competent financial authorities to submit copies of the documents of change.
Article 4 Enterprises shall establish a sound financial management system, improve the internal economic responsibility system, strictly implement the scope and standard of financial expenditure as stipulated by the state, truthfully reflect the financial status and operating results of the enterprise, calculate and pay the state tax
in accordance with the law, and accept the inspection and supervision of the competent financial authorities.
Article 5 The basic tasks and methods of financial management of the enterprise are to plan, control, account for, analyze and evaluate the financial income and expenditure, to raise funds reasonably in accordance with the law, to make effective use of the assets of the enterprise, and to strive to improve economic efficiency.
Article VI enterprises should do a good job of financial management of basic work. In the production and business activities in the production, quality, working hours
, equipment utilization, inventory consumption, receipt and distribution, receive and return, transfer and destruction of property and materials should be done in a timely manner
good and complete original records. Enterprises of property and materials in and out of consumption, should be complete procedures, accurate measurement, complete
Good raw materials, energy and other materials, consumption quotas and working hours quota, regularly or irregularly for property inventory.
Chapter II fund-raising
Article VII of the capital raised by the enterprise, according to the main body of the investment is divided into national capital, corporate capital, individual capital
capital and foreign capital.
State capital is the capital formed by government departments or organizations authorized to invest on behalf of the state with state-owned assets into the enterprise
.
Capital of legal persons is the capital formed by other legal entities with their assets at their disposal according to law.
Individual capital is the capital formed by social individuals or internal workers of the enterprise with their personal legal property invested in the enterprise.
Foreign capital for foreign investors and investors in Hong Kong, Macao and Taiwan to invest in the formation of capital
Capital.
Article 8 Enterprises shall raise capital funds in a timely manner in accordance with the laws and regulations and the provisions of the contract and charter. Capital funds
can be raised in one go or in installments. Raise a one-time, from the date of issuance of the business license within six months; raised in stages
, the last capital contribution should be paid within three years from the date of issuance of the business license, of which, the first time to raise the investor's
Capital shall not be less than 15%, and in the date of issuance of the business license is paid within three months.
Investors who fail to fulfill their capital contribution obligations in accordance with the investment contract, agreement and statute, the enterprise or other investment can be pursued for breach of contract in accordance with
the law.
Article IX enterprises in the process of raising capital, the intangible assets absorbed by investors (excluding land use rights
) of the capital contribution shall not exceed 20% of the registered capital of the enterprise; due to special circumstances, the need for more than 20% shall be subject to the review and approval of the relevant
departments, but shall not be more than a maximum of 30%. If the law provides otherwise, the provisions shall apply.
Enterprises shall not absorb the investor has established a security right and leased assets.
Article X. The capital raised by the enterprise must employ a Chinese certified public accountant to verify the capital and issue a capital verification report, which shall be issued by the enterprise
to the investor as a certificate of capital contribution.
Article 11 The capital raised by an enterprise shall not be withdrawn by the investor in any manner except for transferring it in accordance with the law during the period of production and operation. Where the law provides otherwise, it shall follow its provisions.
The investors shall share the profits and risks and losses of the enterprise in accordance with the proportion of their capital contributions or the provisions of the contract or articles of association.
Article 12 In the capital-raising activities of an enterprise, the difference between the amount of capital contribution actually paid by the investors and the amount of its capital
(including the net income from the premium on the issue of shares by a joint stock limited company), the property received as donations, the difference between the appraised and recognized value of the assets
or the value agreed upon by the contract or the agreement and its original net book value and the difference in the exchange rate of the capital, etc., shall be credited to the capital reserve. capital reserve.
Capital reserve may be transferred to capital stock in accordance with legal procedures.
Article 13 The liabilities of an enterprise are divided into current liabilities and long-term liabilities.
Current liabilities include short-term loans, short-term bonds payable, bills payable, taxes payable, purchase money payable, subcontract work payable, construction work payable, wages payable, investor profit payable, dividends payable and other payables, construction work payable in advance, provision for materials payable in advance, sale money payable in advance, deposit for purchase of property payable in advance, construction work payable in advance and accruals , and employee welfare expenses withdrawn from costs
and expenses.
Long-term liabilities include long-term loans, long-term payables, and long-term bonds payable.
Long-term bonds issued are valued at the face value of the bond, and the difference between the actual price received and the face value of the bond is more or less than the face value of the bond,
which is eliminated in installments before the maturity of the bond or increases the interest expense.
Article 14 The accrued interest expenses on current liabilities of an enterprise are included in finance costs.
The accrued interest expenses on long-term liabilities of an enterprise shall be recognized as start-up expenses during the period of preparation, as finance costs during the period of production, and as liquidation gains and losses during the period of liquidation. Among them, those related to the purchase and construction of fixed assets or intangible assets are included in the value of the assets purchased and constructed before the assets have been
delivered for use or have been delivered for use but have not yet been completed and finalized.
Article 15 Enterprises shall repay all kinds of liabilities on time, and if there are any
payables which are really unable to be paid due to special reasons of the creditors, they shall be included in non-operating income.
Chapter III Current Assets
Article 16 Current assets include cash, various deposits, other monetary funds, short-term investments, receivables and prepayments
and inventories.
Article XVII Other monetary funds include deposits in foreign ports, funds in transit, and so on.
Article 18 Receivables and prepayments include construction receivables, sales receivables, other receivables, notes receivable
, amortized expenses, prepaid subcontracted work, prepaid subcontracted provisions, prepaid construction, prepaid provisions, prepaid purchases
and so on.
Notes receivable should be valued at face value. The difference between the actual amount of discounted notes receivable and its face value is included in finance costs.
Article 19 An enterprise may, at the end of the year, make a provision for bad debts in accordance with 1% of the balance of accounts receivable at the end of the year, which is
accounted for as administrative expenses.
Losses on bad debts incurred by an enterprise shall be deducted from the bad debt reserve. Recovery of bad debts written off increases the bad debt reserve.
Enterprises that do not make provision for bad debts, bad debt losses incurred are recognized as administrative expenses. Recovery of bad debts written off will be charged to
decrease administrative expenses.
Article 20 Inventories include major materials, other materials, working capital materials, equipment, low value consumables, machinery parts
parts, construction in progress, products in progress, finished goods, semi-finished goods, structural parts, and commodities.
Temporary rental housing and swing space of real estate development enterprises are regarded as inventories.
Article 21 Inventories are valued at actual cost.
Purchases are valued at the purchase price plus transportation and miscellaneous charges, procurement and warranty management fees and taxes.
When supplied by construction units, they are valued at the value determined by the contract.
Self-manufactured, according to the manufacturing process of the actual expenditures are valued.
Commissioned outside the unit of processing, according to the actual consumption of raw materials or semi-finished products plus transportation and miscellaneous charges and processing costs.
Investor inputs are valued according to the appraisal confirmation or the value agreed in the contract or agreement.
Inventory surpluses are valued at the actual cost of similar inventories; if there are no similar inventories, they are valued at market value.
Acceptance of donations, according to the invoice billing amount plus the enterprise's share of transportation and miscellaneous expenses, insurance, taxes; no
Invoices billing, according to the market value of similar inventories.
Enterprises that account for their inventories according to planned costs should separately
account for the difference between the actual cost of the inventory and the planned cost.
Article 22 of the enterprises to receive or issue the inventory, in accordance with the actual cost accounting, you can use the first-in-first-out method
, weighted average method, moving average method, individual valuation method, the last-in-first-out method and other methods to determine the actual cost; the use of the planned
cost accounting, the cost of its share of the cost difference will be carried over by period of time the cost of the cost of the plan by the period of costing adjusted to the actual cost. Actual cost.
Article 23 The working materials and low value consumables used by the enterprise shall be amortized into project
costs and administrative expenses in one go or in installments according to the beneficiary objects.
Real estate development enterprises in the use of rental housing, swing space is amortized into the cost in equal installments according to its durable life.
Article 24 of the enterprise inventory should be regular or irregular inventory, before the end of the year must be a comprehensive
inventory inventory. For the inventory surplus, deficit, damage and scrap inventory should be identified in a timely manner, respectively, timely processing
management.
Inventory surplus, offsetting administrative expenses. Inventory loss, damage and scrap, after deducting the negligent person or insurance company compensation
and the value of salvage materials, the purchase and storage costs or administrative expenses. Inventory damage is recognized as non-operating expenses after deducting the compensation from the negligent person or insurance company and the salvage value.
Chapter IV Fixed Assets
Article 25 Fixed assets refer to houses and buildings, machines, machinery, transportation
tools, and other equipment, appliances and tools related to production and operation with a service life of more than one year. Items not belonging to the main equipment for production and operation,
with a unit value of more than 2,000 yuan and a service life of more than two years, shall also be regarded as fixed assets.
Enterprises shall formulate fixed asset catalogs according to the actual situation.
Article 26 Fixed assets are divided into the following six categories:
I. Fixed assets for production. Including houses and buildings for production and administration, construction machinery, transportation equipment,
production equipment, instruments and test equipment and other fixed assets for production;
2. Fixed assets for non-production. Including staff quarters, guest houses, schools, kindergartens, nurseries, clubs,
cafeterias, hospitals and other units used in the housing, equipment and other fixed assets;
three, leased fixed assets;
four, unused fixed assets;
five, do not need to use the fixed assets;
fourth, fixed assets leased under finance.
Article 27 Fixed Assets are valued in accordance with the following methods:
If purchased, they are valued in accordance with the purchase price plus transportation, insurance, packaging, installation and commissioning fees and taxes paid.
If the construction is done by oneself, it is valued according to all the expenditures actually incurred in the construction process.
In the original fixed assets on the basis of alteration and expansion, according to the original price of the fixed assets plus alteration and expansion of the expenditure incurred
minus alteration and expansion of the fixed assets in the process of income from the realization of the balance of the valuation of the valuation of the valuation of the valuation of the valuation of the valuation of the valuation of the valuation of the valuation of the valuation of the fixed assets.
Investor inputs are valued according to the appraisal confirmation or the value agreed in the contract or agreement.
Financial leases are valued at the price determined in the lease agreement or contract plus transportation, insurance, installation and commissioning costs.
Accepted donations, according to the amount listed in the invoice (no invoice, according to the market value of similar equipment) plus the enterprise
transportation costs, insurance, taxes, installation and commissioning costs borne by the enterprise.
Inventory surplus, according to the full replacement value of similar fixed assets.
The fixed asset investment direction adjustment tax and cultivated land occupation tax paid by enterprises for the purchase and construction of fixed assets are included in the value of fixed assets.
Article 28 The special engineering expenditures incurred by an enterprise for the purpose of constructing fixed assets or carrying out technological transformation of fixed assets which have not been delivered
before they are used shall be valued in accordance with the actual cost.
Article 29 The scrapping or destruction of special projects shall be included in the cost of the special projects in accordance with the net loss after deducting the value of salvage materials and the compensation paid by the negligent person or insurance company
and so on. The net loss of individual project scrapping and scrapping or destruction due to extraordinary reasons
is recognized as start-up expenses during the preparation period and as non-operating expenses during the production and operation period.
Expenditures incurred for the trial operation of the special project before its delivery and use are included in the project cost, and the operating income incurred, less tax
will be deducted from the project cost.
Article 30 The works which have been completed and put into use but not yet finalized shall be transferred to fixed assets in accordance with the
estimated value of all expenditures of the works and depreciated from the month following the month of putting into use; after finalizing the finalization of the accounts for the completion of the works, adjust the
estimated original value of the fixed assets in the accounts and depreciated according to the actual value of the fixed assets.
Article 31 Enterprises generally adopt the average life method and workload method for depreciation of fixed assets. The construction machinery and transportation equipment with faster technological progress or whose service life is greatly affected by the working environment may, with the approval of the Ministry of Finance, be depreciated by the double residual
decreasing amount method or the sum-of-the-years method.
Article 32 The depreciation life of fixed assets of enterprises (see Schedule I). The workload method of its total mileage
, the total working hours can be converted to determine the depreciable life of similar fixed assets.
Enterprises, in accordance with the above provisions, have the right to choose the specific depreciation method and depreciable life, and report to the competent financial
government authorities for the record before the year of commencement.
The formula for calculating the depreciation rate and depreciation amount of fixed assets under the average life method is:
1-estimated net salvage value rate
Annual depreciation rate = ---- ----×100%
Depreciable life
Monthly depreciation rate = annual depreciation rate ÷ 12
Monthly depreciation amount = original value of fixed assets×monthly depreciation rate
Net salvage rate is determined according to original value of fixed assets of If the net salvage rate is lower than 3% or higher than 5%, it shall be determined independently by the enterprise and reported to the competent financial institution for record.
The formula for calculating the depreciation amount of fixed assets using the workload method is as follows:
(1) The formula for calculating depreciation according to the mileage traveled:
Original value × (1-expected net salvage rate)
Depreciation amount per unit of mileage = ----... ----------
Total miles traveled
(ii) Formula for calculating depreciation based on hours worked:
Original value x (1 - estimated net salvage rate)
Depreciation per hour worked = --- ----------
Total working hours
The formula for depreciation rate and depreciation amount of a fixed asset using the double declining balance method is:
2
Annual depreciation rate = ---- x 100%
Depreciable life
Monthly depreciation rate = Annual depreciation rate ÷ 12
Monthly depreciation amount = Net book value of fixed assets × Monthly depreciation rate
Fixed assets subject to the double-declining-balance method should be amortized equally over the two years prior to the expiration of the depreciable life of the fixed assets, the net value of the fixed assets minus the estimated net salvage value
.
The formula for calculating the depreciation rate and depreciation amount of fixed assets using the sum-of-the-years method is:
Depreciable life - number of years in use
Annual depreciation rate = ---- ---------- --×100%
Depreciable life×(depreciable life + 1)÷2
Monthly depreciation rate=Annual depreciation rate÷12
Monthly depreciation = (original value of the fixed asset-estimated net salvage value) × monthly depreciation rate
Depreciable life and depreciation Once determined, the method shall not be changed arbitrarily. If a change is required, the enterprise shall submit an application and report it to the competent financial institution for approval before the year of change.
Thirdly, the depreciable life and depreciation method of fixed assets shall be determined by the competent financial institution.
Article 33 The fixed assets to be depreciated include houses and buildings, in-use construction machinery, transportation equipment
, production equipment, instruments and test equipment, other fixed assets, fixed assets out of service for seasonal suspension and repairs, fixed assets rented under finance leases and fixed assets rented out under operating leases.
Non-depreciable fixed assets include unused and unneeded fixed assets other than buildings and structures, fixed assets leased under operating leases, fully depreciated fixed assets that continue to be utilized, and fixed assets of bankrupt and closed enterprises
.
Fixed assets scrapped in advance are not depreciated and their net loss is recognized as non-operating expenses.
Article 34 Depreciation of fixed assets of an enterprise shall be provided on a monthly basis starting from the month following the month in which the fixed assets are put into use.
Fixed assets out of use, from the month following the month of deactivation, stop depreciation. Fully depreciated overage fixed assets will not be
depreciated again.
The depreciation of fixed assets, which is provided for in the regulations, shall be charged to the costs and expenses, and shall not be deducted from the capital.
Article 35 Expenditures incurred by an enterprise for the repair of fixed assets shall be charged to the relevant expenses. Repair costs incurred unevenly
, the amount is large, can be used to amortize or withholding method. Withholding approach, the actual repair expenditures
should first offset the withholding costs, the actual number of expenditures is greater than the difference between the withholding costs, to the relevant costs; less than the difference between the withholding costs
discount the relevant costs.
Article 36 The difference between the net proceeds after deducting the liquidation expenses from the transfer of fixed assets for a fee or the liquidation of fixed assets for scrapping and
the net book value (the original value of the fixed assets minus the cumulative depreciation) shall be credited to the non-operating revenues or non-operating expenditures.
Article 37 An enterprise shall take an inventory of its fixed assets once a year.
Fixed assets in inventory shall be credited to non-operating income in accordance with the net gain of the original value minus estimated accumulated depreciation. Fixed assets that are lost, destroyed
or scrapped are recognized as non-operating expenses at their original value, less the net loss after accumulated depreciation, realization income, compensation from the negligent person or the insurance company, and the salvage
value.
Net gains and losses on fixed assets surpluses, deficits and liquidations incurred during the preparation period of an enterprise, as well as net losses on liquidation of
fixed assets due to extraordinary reasons, are included in start-up expenses.
Chapter 5 Intangible Assets, Deferred Assets and Other Assets
Article 38 Intangible assets are assets used by an enterprise for a long period of time but have no physical form, including patents, commercial
targets, copyrights, land-use rights, non-patented technologies, goodwill and so on.
Article 39 Intangible assets are valued at actual cost at the time of acquisition.
Investors as capital or cooperation terms of input, according to the assessment of the confirmation or contract, the agreement agreed upon the amount of
valued.
Purchases are valued at the actual price paid.
If the company develops its own products and applies for acquisition in accordance with the law, it is valued according to the actual expenses incurred in the process of development.
Accepted donations are valued at the amount stated in the invoice or the market value of similar intangible assets.
Except in the case of a business combination, goodwill shall not be valued in the accounts.
The valuation of non-proprietary technology and goodwill shall be confirmed by statutory appraisal organizations.
Article 40 Intangible assets shall be amortized equally into administrative expenses over the effective period of use from the date of commencement of benefit. The effective use period shall be determined in accordance with the following principles:
Where the law and the contract or the application of the enterprise stipulate the legal effective period and the beneficial life respectively, the shorter of the two shall be determined in accordance with the principle of the shorter of the two.
Any intangible asset shall be amortized to the management expenses evenly over the effective use period from the date when it starts to benefit from the asset.
If there is no validity period stipulated in the law and the contract or application for enterprise stipulates the number of years of benefit, it shall be determined in accordance with the number of years of benefit stipulated in the contract or
the application for enterprise.
If neither the law nor the contract or the enterprise application specifies the legal validity period or the number of years of benefit, it shall be determined in accordance with the period of not less than 10
years.
Article 41 The net income derived from the transfer of intangible assets by an enterprise shall be included in
other business income unless otherwise provided for by state laws and regulations.
Article 42 Deferred assets include start-up expenses, improvement expenses of fixed assets leased under operating leases, repair expenses of fixed assets with an amortization period of more than one year, and other amortized expenses.
Start-up costs refer to the costs incurred by the enterprise during the preparatory period, including salaries, office expenses, training costs,
travel expenses, printing costs, registration fees, and interest on exchange gains and losses not included in the cost of fixed assets and intangible assets
expenses during the preparatory period.
The following expenses are not included in the start-up costs: expenses that should be borne by investors, expenses incurred for the acquisition of fixed assets,
intangible assets, as well as interest expenses during the preparatory period should be included in the value of the assets, exchange gains and losses.
Start-up costs are amortized to administrative expenses over a period of not less than five years from the month following the month of production or operation.
Expenditures for improvement of fixed assets leased under operating leases are amortized to cost or administrative
expenses over the effective period of the lease.
Article 43 Other assets include temporary facilities, authorized reserve materials, frozen bank deposits, frozen materials, and
property involved in litigation.
Temporary facilities refer to all kinds of improvised facilities built by the enterprise to ensure the construction and management, including on-site temporary work sheds, machine sheds, material depots, offices, restrooms, toilets, ash ponds, water storage tanks, asphalt pots and stoves, etc.; temporary
temporary railroad lines, light railroads; temporary roads and fences; temporary water supply and drainage, power supply, heating and other pipelines; and temporary simple
temporary railroad lines. pipelines; temporary simple
easy swing rooms, and temporary workers' dormitories, canteens, bathrooms, infirmaries, barber shops, nurseries, and other temporary
welfare facilities erected on site.
Temporary facilities are valued on the basis of actual expenditure incurred at the time of construction and amortized to project cost in stages according to the period of benefit from the project, and the residual value recovered from scrapping and cleaning, less the cleaning cost, is recorded as non-operating income and expenditure.
Special reserve materials refers to the special materials approved by the state reserve with special purpose, but do not participate in the production and operation.
Chapter VI External Investment
Article 44 Enterprises, in accordance with state laws and regulations, can use monetary funds, in-kind, intangible assets
and other means of investment in other units. It includes short-term investment and long-term investment.
Enterprises shall not invest in other units
with materials in the state's special reserves and other property that the state stipulates shall not be used for foreign investment.
Article 45 The outward investment of an enterprise shall be determined in accordance with the following principles:
Where the outward investment is made in the form of cash, deposits and other monetary funds, it shall be valued in accordance with the amount actually paid.
Investments in other units in the form of physical or intangible assets shall be valued in accordance with the value confirmed by appraisal or agreed upon in the contract or agreement
. The difference between the value confirmed by appraisal or agreed in the contract or agreement and its net book value is credited to the capital reserve.
Bonds subscribed by an enterprise are valued at the price actually paid. If the actual payment contains accrued interest, it is valued at the difference after
deduction of the accrued interest.
The difference between the actual payment (net of accrued interest) and the face value of a long-term bond purchased at a premium or discount
is recognized as investment income in installments before the bond matures.
Shares subscribed by an enterprise are valued at the actual price paid. If the actual payment contains declared but unpaid
dividends, the difference between the actual price paid and the dividends receivable is recognized as the difference.
Article 46 Long-term investments by enterprises in monetary funds, physical objects, intangible assets and stocks shall be accounted for by the cost method if the enterprise does not have the right of control over the invested unit and shall not be changed due to the increase or decrease in the net assets of the invested unit
; if the enterprise has the actual right of control, it shall be accounted for by the equity method, and shall be valued at the difference between the net assets of the invested unit and those of the invested unit according to the increase or decrease in the net assets of the invested unit
. The amount owned or shared in the net assets of the invested unit shall be recognized as the investment income or loss of the enterprise, and at the same time the long-term investment of the enterprise shall be increased or decreased
and the long-term investment of the enterprise shall be decreased accordingly when the enterprise actually distributes dividends or profits from the invested unit.
Article 47 The interest, profits and dividends obtained by an enterprise from its foreign investment, less its share of losses, shall be included in the investment
income, and shall be subject to income tax or retroactive income tax in accordance with the state regulations.
Article 48 The difference between the outward investment recovered by an enterprise and the book value of its long-term investment account shall be credited to investment
gains or investment losses.
Chapter VII Costs and Expenses
Article 49 Expenditures incurred by an enterprise in the course of construction, provision of labor, operations, real estate development, sale of products and other processes
shall be included in costs and expenses in accordance with state regulations.
Article 50 The project costs of construction enterprises are divided into direct costs and indirect costs.
Direct cost refers to the expenditures consumed during the construction process that constitute the project entity or contribute to the formation of the project, including labor cost, material cost, machinery use cost and other direct costs.
Labor costs include wages, bonuses, employee benefits, wages of
allowances, labor protection costs of personnel engaged in the construction of building and installation projects.
Material costs include the cost of raw materials, auxiliary materials, accessories, parts, semi
finished products and the amortization of turnover materials and leasing costs consumed in the course of the construction process, which constitutes the entity of the project.
Machinery use costs include machinery use costs incurred in the construction process using its own construction machinery and rental costs of renting outside construction
machinery, as well as construction machinery installation, dismantling and entry and exit fees.
Other direct costs include secondary material handling costs, amortization of temporary facilities, production tools and appliances
usage costs, inspection and testing costs, project positioning and re-measurement costs, project delivery costs, and site clean-up costs incurred during the construction process.
Indirect cost refers to all the expenses incurred by each construction unit for the organization and management of construction, including construction unit
managerial salaries, bonuses, employee benefits, depreciation and repair of fixed assets for administrative purposes, consumption of materials,
amortization of low-value consumables, heating costs, utilities, office expenses, travel expenses, property insurance, inspection and testing costs, engineering warranty
The cost of construction is the cost of the construction unit, including the cost of the construction unit, the cost of the construction unit and the cost of the construction unit. test fees, engineering warranty
repair fees, labor protection fees, sewage charges and other costs.
Article 51: The cost of development products of real estate development enterprises includes land acquisition and demolition compensation, preliminary engineering
fees, construction and installation costs, infrastructure construction costs, public **** supporting facilities and development overhead costs.
Land requisition and demolition compensation fee includes land requisition fee, farmland occupation tax, labor resettlement fee, and the net expenditure on compensation for demolition and relocation of relevant ground and
underground attachments, and resettlement of relocated housing expenditure.
Preliminary engineering costs include expenditures on planning, design, project feasibility study, hydrology, geology, survey, mapping, and "three passes and one
leveling".
Construction and installation costs include construction and installation costs paid to contractors in the form of outsourcing and construction and installation costs incurred in the form of self-employment
.
Infrastructure costs include expenditures incurred for the development of roads, water supply, power supply, gas supply, sewage, flood drainage, communications, lighting, environmental
sanitation, greening and other projects within the area.
Public **** supporting facilities fees include the development of small areas can not be transferred in return for the expenditure incurred on public **** supporting facilities.
Development overhead refers to the expenses incurred for the direct organization and management of the development project belonging to the enterprise, including salaries, employee welfare
profit fees, depreciation, repair costs, office expenses, utilities, labor protection costs, and amortization of swing space.
Article 52 The division of production and
operating costs of industrial production, transportation, material supply and marketing, services and other units independently accounted for within an enterprise shall be handled in accordance with the provisions of the financial system of the relevant industry.
Article 53 The selling expenses, administrative expenses and financial expenses incurred by an enterprise shall be recognized in the profit and loss of the current period.
Article 54 The selling expenses refer to the expenses incurred by the enterprise in the process of selling products or providing labor services
and the expenses of the specialized sales organizations. Including transportation, loading and unloading costs, packaging costs, insurance costs
, maintenance costs, exhibition costs, travel costs, advertising costs, sales commissions, sales service fees, as well as dedicated sales organization staff
salaries, bonuses, welfare costs, depreciation, repair costs, material consumption and other expenses.
Real estate development enterprise sales costs also include the development of products before the sale of modification and repair costs, caretaking costs, heating costs and so on.
Article 55 Administrative expenses refer to the expenses incurred by the administrative department of an enterprise for the management and organization of business activities, including company funds, labor union funds, employee education funds, labor insurance premiums, unemployment insurance premiums, board of directors' fees,
consulting fees, auditing fees, litigation fees, sewage charges, greening fees, taxes, land use fees, land loss compensation fees, technical
compensation fees, and other expenses. compensation fee, technology
transfer fee, technology development fee, amortization of intangible assets, amortization of start-up costs, business entertainment expenses, bad debt loss, inventory loss,
destruction and obsolescence (less inventory surplus) loss, and other administrative expenses.
Corporate expenses include salaries, bonuses, employee benefits, travel expenses, office expenses, depreciation expenses
, repairs, material consumption, amortization of low value consumables and other corporate expenses.
The standard of travel expenses shall be determined by the enterprises themselves with reference to the standard stipulated by the local government and in the light of the specific conditions of the enterprises, and shall be reported to the competent
financial authorities for the record.
Trade union funds refer to the funds allocated to the trade union at 2% of the total wages of the employees.
Employee education expenses refer to the expenses paid by the enterprise for employees to learn advanced technology and improve their cultural level, and are calculated at 1.5% of the employees'
total wages.
Labor insurance premiums refer to the retirement pension (including the retirement fund), price
subsidies, medical expenses (including the expenses paid by the enterprise for the retirees to participate in the medical insurance), subsidies for settling in a new place, severance pay for the employees, wages for the employees who have been on sick leave for more than 6 months, funeral subsidies for the death of the employees, pension payments, and other expenses paid to the retired employees in accordance with the provisions of the law. Payments to retired cadres
Department of the funds.
Suspension insurance premiums refer to the suspension insurance fund paid by the enterprise in accordance with the state regulations.
Board of Directors' Fees refers to the expenses incurred by the highest authority of the enterprise (e.g., the board of directors) and its members to carry out their functions
including travel expenses, meeting expenses, and so on.
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