Sunshine lighting received 8 million yuan project special funds

Yankon Tuesday (December 29th) announcement that received the Ministry of industry and information technology "in 2015 the industrial transformation and upgrading of intelligent manufacturing and 'Internet plus' action support capability -- the ability to enhance the engineering safety chip and application direction of the bid winning notice, the company bidding" package 10: intelligent lighting system has been successful. The project implementation period of May 2015 to December 2017, with a total investment of 36 million yuan, of which a special fund of $8 million, the company has received the special funds.

Sunshine lighting, said the company received the special funds will be included in deferred income, in accordance with the terms of use of the asset will be deferred to the current period of income distribution gains and losses, will not have a significant impact on the current profit.

The notice said, according to the relevant provisions of the companies "accounting standards", the company will be included in deferred revenue on receipt of the special funds, assets in accordance with the period of use of staging the deferred revenue sharing to profit or loss, will not have a significant impact on profit for the period, the specific accounting treatment to CPAs audit confirmation shall prevail.

For more information about LED, please click on China LED network or pay attention to WeChat public account (cnledw2013).