INPUT DATA INTO THE YELLOW CELLS

ASSETS Beginning balanc

1.Cash and cash equivalents 345
2.Receivable from customers 110
3.Inventories 200
4.Historical cost of Fixed assets 800
Accumulated depreciation and amortization -100
TOTAL ASSETS 1355
1. The total amount from sales (NOT SUBJECT TO SCT) excluding VAT
*The total amount from sales (SUBJECT TO SCT) excluding VAT
* The percentage of the total amount paid by the customers during the quarter of sales
2. Total amount payable to domestic suppliers excluding VAT
* The percentage of the total amount paid by the customers during the quarter of purchases
3. The amount of basis for calculating import duty which is NOT SUBJECT TO SCT)
* The percentage of the basis paid during the quarter of purchases
4. Direct costs (excluding raw materials and depreciation)
5.Indirect costs attributed to selling expenses
Attributed to general & administrative expenses.
6. Depreciation of fixed assets attributed to direct cost
*Attributed to selling expenses
*Attributed to general and administrative expenses
7. Outside purchasing services cost (excluding VAT)- attributed to selling expenses
*Attributed to general and administrative expenses
*Paid during the quarter
8. Inventories at the end of the quarter
9. Monthly rate of the short-term loan
* The number of months
* Interest of short-term loan paid during the quarter
10. Annual rate of the long-term loan
* The number of months
* Interest of long-term loan paid during the quarter
11. Payment of short term loan principal
12. Account receivable from beginning period is paid
13. Account payable from beginning period is paid
14. Short term investment
* Paid during the quarter
15. Withdrawals of the short term investment
* Collected during the quarter
16. Disposal of a fixed asset (excluding VAT) at the end of the period
* Collected during the quarter
Net book value
The historical cost
Is the fixed asset subject to VAT? (Yes=1, No=0)
17.VAT rate (credit method)
*Percentage of VAT from importation paid in the quarter
*Percentage of VAT payable paid in the quarter
18.SCT rate
* The amount of SCT calculated from raw material purchases is allocated to goods sold.
* The percentage of SCT paid during the quarter of calculation
19.Import tariff
* The amount of import duties paid during the quarter of importation
20. CIT rate
* Paid during the quarter
21. Another tax attributed to general & administrative expenses
* Paid during the quarter
22. Capital contributions by fixed assets from shareholders at the end of the period
 YELLOW CELLS
LIABILITIES AND EQUITY Beginning balance
1.Short-term loans 210
2.Payable to suppliers 120
3. Long-term loans 220
4. Owner's equity 805

TOTAL LIABILITIES&EQUITY 1355

500
300
ring the quarter of sales 60%
480
ring the quarter of purchases 50%
NOT SUBJECT TO SCT) 0
0%
45
8
15
12
0
9
ed to selling expenses 20
0
22
110
1%
3
4.2
15%
3
16.5
24
0
0
100
100
120
120
17
18.7
18
50
1
10%
0%
 100%
50%
s allocated to goods sold. 80
100%
0%
0%
20%
0
3
3
the end of the period 0
3.1 Taxes
Output VAT 81.7
Input VAT 50
VAT amount payable 31.7
Output SCT amount each month 100
Deducted input SCT amount 80
SCT amount payable 20
Profit/(loss) before tax 102.45
CIT 20.49
3.2 The Income Statement of X

1. Sales 700
2. Deductions 0
Sales discounts
Sales rebates
Sales Returns
3. Net sales 700
4.Costs of goods sold 547
5. Gross profit/loss 153
6.Financial income 20
7. Financial expenses 14.55
In which: Loan interest expenses 14.55
8. Selling expenses 28
9. General and administrative expenses 27
10.Net operating profit/loss 103.45
11. Other income 17
12. Other expenses 18
13. Other profit/loss -1
14. Profit/loss before tax 102.45
15.Corporate income tax 20.49
16.Profit/loss after tax 81.96
3.3 Cash flows

Items During quarter

I.Cash inflows from: 666.7
1.Sales 528 352
2.Withdrawal of short-term investment 120 0
3. Disposal of fixed assets 18.7 0
4.Decrease in receivables from customers 0
II.Cash outflows from: 553.4
1. Raw material purchases (domestic) 264 264
2. The imported raw material 0 0
3.Direct costs 45
4.Indirect costs 23
5.Outside purchasing services 22 0
6.Short-term loan interest 4.2 2.1
7.Long-term loan interest 16.5 -8.25
8. Short-term investment 100 0
9.VAT from importation 0
10.VAT amount payable 31.7 0
11.SCT amount payable 20 0
12.Import duty payment 0 0
13.CIT 0 20.49
14.Other taxes 3 0
15. Payment of short-term loan principal 24
16. Decrease in payable to suppliers 0
Increases/Decreases in cash 113.3
Beginning cash and cash equivalents 345
Ending cash and cash equivalents 458.3
3.4The Balance Sheet of X
ASSETS Opening Ending
A. SHORT-TERM ASSETS 655 1038.55
I. Cash and cash equivalents 345 458.3
1. Cash 345 458.3
2. Cash equivalents
II. Short-term investments 0 0
1. Short-term Investments
2. Provision for devaluation of short-term investments
III. Accounts receivable 110 462
1. Receivable from customers 110 462
2. Prepayments to suppliers 0
3. Short-term inter-company receivables
4. Receivables according to the progress construction contracts
5. Other receivables
6. Provisions for bad debts
IV.Inventories 200 110
1. Inventories 200 110
2. Provisions for devaluation of inventories
V. Other current assets 0 8.25
1. Short-term prepaid expenses 8.25
2. VAT to be deducted
3. Taxes and statutory obligations 0
4. Other current assets
B.LONG TERM ASSETS 700 661
I. Long-term receivables 0 0
1. Long-term receivable from customers
2. Capital from subsidiaries
3. Long-term inter-company receivable
4. Other long-term receivables
5. Provisions for bad long-term receivables
II. Fixed assets 700 661
1. Tangible fixed asset 700 661
Historical costs 800 750
Accumulated depreciation -100 -89
2. Financial leasehold assets 0 0
Historical costs
Accumulated depreciation
3. Intangible fixed asset 0 0
Initial costs
Accumulated amortization
4. Construction-in-progress
III. Investment property 0 0
Historical costs
Accumulated depreciation
IV.Long-term investments 0 0
1. Investments in affiliates
2. Investment in associates, joint-ventures
3. Other long-term investments
4. Provisions for devaluation of long-term investments
V. Other long-term assets 0 0
1. Long-term prepaid expenses
2. Deferred income tax
3. Other long-term assets
TOTAL ASSETS 1355 1699.55
LIABILITIES AND OWNERS' EQUITY Opening Ending
A.LIABILITIES 550 812.59
I. Current liabilities 330 592.59
1.Short-term debts and loans 210 186
2. Payable to suppliers 120 384
3. Advances from customers
4. Taxes and other obligations to the State Budget 20.49
5. Payable to employees
6. Accrued expenses 2.1
7. Inter-company payables
8. Payable according to the progress construction contracts
9. Other payables
10. Provisions for short-term payables
II. Long-term liabilities 220 220
1. Long-term accounts payable to suppliers
2. Long-term inter-company payables
3. Other long-term payable
4. Long-term debts and loans 220 220
5.Deferred income tax payables
6. Provisions for unemployment allowance
7. Provisions for long-term payables
B.OWNERS' EQUITY 805 886.96
I.Basic owners' equity 805 886.96
1.Capital 805 805
2. Share premiums
3. Other sources of capital
4. Treasury stocks
5. Differences on asset revaluation
6. Foreign exchange differences
7. Business promotion fund
8. Financial reserved fund
9. Other funds
10.Retained earnings 81.96
11.Construction investment fund
II. Other sources and fund 0 0
1. Bonus and welfare fund
2. Sources of expenditure
3. Fund to form fixed assets
TOTAL LIABILITIES AND OWNERS' EQUITY 1355 1699.55
CASH FLOWS STATEMENT (Direct method)
I. Cash flows from operating activities
1. Gains from sales of goods and service provisions and other gains
2. Payments to suppliers
3. Payments to employees
4. Loan interests already paid
5. Payments for corporate income tax
6. Other gains
7. Other disbursements
Net cash flows from operating activities
II. Cash flows from investing activities
1. Purchases and construction of fixed assets and other long-term assets
2. Gains from disposal and liquidation of fixed assets and other long-term assets
3. Loan given and purchases of debt instruments of other entities
4. Recovery of loan given and disposals of debt instruments of other entities
5. Investments into other entities
6. Withdrawals of investments in other entities
7. Receipts of loan interests, dividend and profit shared
Net cash flows from investing activities
III.Cash flows from financing activities
1. Gains from stock issuance and capital contributions from shareholders
2. Repayments for capital contributions and repurchases of stocks already issued
3. Short-term and long-term loan received
4. Loan principal amounts repaid
5. Payments for financial leasehold assets
6. Dividend and profit already paid to the owners
Net cash flows from financing activities
Net cash flows during the year
Cash and cash equivalent at the beginning of the period
Effects of fluctuations in foreign exchange rates
Cash and cash equivalent at the end of the period

CASH FLOWS STATEMENT (Indirect method)

I. Cash flows from operating activities
1. Profit/ (loss) before tax
2. Adjustments
Depreciation of fixed asset
Provisions
Gain/ (loss) from foreign exchange differences
Gain/ (loss) from investing activities
Loan interest expenses
3. Operating profit before changes of working capital
Increase/ (decrease) of accounts receivable
Increase/ (decrease) of inventories
Increase/ (decrease) of accounts payable (excluding loan interests and CIT)
Increase/ (decrease) of prepaid expenses
Loan interests already paid
Corporate income tax already paid
Other gains
Other disbursements
Net cash flows from operating activities
(Other parts are the same as those of the direct method)
 528
-286
-68
-20.7
0

-54.7
98.6

18.7

-100
120

38.7

-24

-24
113.3
345

458.3

102.45

21

-19
14.55
119
-352
90
264
-20.7
0

-1.7
98.6