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The company will use the subsidy funds in strict accordance with the relevant requirements, and in accordance with the relevant provisions of the "Accounting Standards for Business Enterprises No. 16 - Government Subsidy", the government subsidy fund of 5 billion yuan for LED-TV backlight module industrialization project will be confirmed as Deferred income, related income is included in the non-operating income according to the use of funds and in combination with the progress of the project; the total amount of government subsidies for the LED TV backlight production line technical transformation project and brand cultivation promotion project is RMB 2,588,000, which is recognized as current profit and loss.
The government subsidy funds obtained this time are expected to have a certain impact on the company's 2013 annual profit. The final accounting treatment is based on the audit results of the accounting firm.
Wanrun Technology issued an announcement, based on the Shenzhen Development and Reform Commission, the Shenzhen Economic and Trade and Information Technology Commission, the Shenzhen Science and Technology Innovation Commission and the Shenzhen Municipal Finance Commission, the Shenzhen Development and Reform Commission and other issues regarding the strategic emerging of Shenzhen Notice of the Fifth Batch of Supporting Plans for Industrial Development Special Funds in 2012 (Deep Development [2012] No. 1583), Wanrun Technology's large-size LED-TV backlight module industrialization project, SMD LED TV backlight production line technical transformation project The brand cultivation and promotion projects received government subsidies of RMB 5 million, RMB 2.198 million and RMB 660,000 respectively. A total of RMB 7,785,800.