2016 Annual Financial Statement Auditing of NewHeadLine Group Successfully Came to an End
On March 17, 2017, 2016 annual financial statement auditing of NewHeadLine Group successfully came to an end and it smoothly obtained NewHeadLine Group 2016 Clean-opinion Financial Auditing Report issued by Klynveld Peat Marwick Goerdeler. It cost less time to obtain this report compared with that of the previous years, ahead of almost 1 month.
In order to ensure smooth development of financing of NewHeadLine Group, the Deputy General Manager in charge of finance led all the employees in the Financial Department, set the project schedule in reversed order, allocated duty to specific staff and worked overtime to coordinate with Klynveld Peat Marwick Goerdeler for the auditing work.
On February 3, Klynveld Peat Marwick Goerdeler started site auditing to audit the basic accounts; on February 18, site auditing was completed and the Financial Department conducted a sufficient communication with auditors from Klynveld Peat Marwick Goerdeler with regard to 22 issues generated during this site auditing and then, made solutions corresponding to all such issues. After the site auditing came to an end, the Financial Department paid close attention to necessary materials, such as confirmation requests and supporting financial documents, and then submitted them to Klynveld Peat Marwick Goerdeler.
On March 8, the Financial Department received the first draft of NewHeadLine Group 2016 Financial Auditing Report provided by KPMG and on the same day, the Financial Department organized all the employees to completely dissolve, review and verify contents covered by the first draft and gave feedback to KPMG with regard to 18 issues within 8 hours to ensure timely resolve them after communication.
Relying on unremitting efforts made by all the employees of the Financial Department, the final draft of the Group Auditing Report was available on March 15 and on March 17, the official Report that had been signed was received. Upon auditing, total business revenue of NewHeadLine Group in 2016 reached RMB 2.344 billion, total assets were RMB 38.429 billion and the asset-liability ratio was 55.45%. All the financial indexes satisfied the requirements of the Group’s financing criteria.
(Yuan Yawei, Song Jinda)