On the evening of August 13, Shenzhen Wanrun Technology (002654) announced that the undisclosed government subsidy funds received in 2013 totaled RMB 5,751,900.
Wanrun Technology stated that according to the relevant provisions of the "Accounting Standards for Business Enterprises No. 16 - Government Subsidy", the above-mentioned 1-3 items of government subsidies totaling RMB 2,612,700 were recognized as deferred income, and the average distribution was included in the current profits and losses during the relevant period; 4-10 items totaling 3,319,200 yuan government subsidies are recognized as current profits and losses.
Wanrun Technology stated that according to the relevant provisions of the "Accounting Standards for Business Enterprises No. 16 - Government Subsidy", the above-mentioned 1-3 items of government subsidies totaling RMB 2,612,700 were recognized as deferred income, and the average distribution was included in the current profits and losses during the relevant period; 4-10 items totaling 3,319,200 yuan government subsidies are recognized as current profits and losses.
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