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Subsidiary, FII change accounting policy

11th Aug 2020 11:49

RNS Number : 8096V
Hon Hai Precision Industry Co Ld
11 August 2020
 

Subject:Subsidiary, Foxconn Industrial Internet Co.,Ltd., announces of change accounting policy since January 1,2020.

Date of events:2020/08/10

Contents:

1.Date of board of directors resolution:2020/08/10

2.Nature of the change:Change in accounting policy

3.Reason for the change:

According to Announcement of the Ministry of Finance No. 22 of 2017 issued by the Ministry of Finance of China, the "Accounting Standards for Business Enterprises No. 14-Revenue" was revised.

4.Countermeasures:

According to the regulations of the Ministry of Finance of China, the revised accounting standards will be implemented on January 1,2020.

5.Any other matters that need to be specified:

This change in accounting policies complies with the relevant laws and regulations, and will not have a significant impact on the company's financial statements, operating results and cash flow, and there is no harm to the company and shareholders' interests.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
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