On January 20, Moso Power (002660) announced that the company had applied for the government subsidy for the “Efficient Constant Current Intelligent LED Driver Power Supply Industrialization†project to the Shenzhen Development and Reform Commission, and recently received the development of Shenzhen City and The approval of the reform committee on the application of this project (Shenzheng [2018] No. 73), the subsidy amount of the project is RMB 2.03 million.
According to the relevant provisions of the "Accounting Standards for Business Enterprises No. 16 - Government Subsidy": government subsidies related to assets refer to government subsidies acquired by enterprises for the purpose of purchasing or constructing or otherwise forming long-term assets; government subsidies related to income, Refers to government grants other than government grants related to assets. The finance will directly distribute the discounted funds to the enterprise, and the enterprise shall offset the relevant interest from the relevant interest.
The government subsidies obtained by the company were obtained for the company's “high-efficiency constant current intelligent LED drive power industrialization†project loan interest subsidy, offsetting the current financial expenses, and the government subsidies related to the income.
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