Recently, Huatian Hotel announced that its subsidiaries have received a total of 3,060,453.20 yuan in various government subsidies.
According to Accounting Standard for Business Enterprises No. 16 - Government Subsidies, asset-related government subsidies refer to government subsidies obtained by enterprises for the purchase, construction or other forming of long-term assets; government subsidies related to earnings refer to government subsidies other than asset-related government subsidies. The government subsidies received this time are government subsidies related to the benefits.
According to the announcement, the above-mentioned government subsidy funds related to the benefits received by Huatian Hotel and its subsidiaries are expected to increase the company's total profit in 2021 by 3,060,453.20 yuan.
Xiaoxiang Morning News reporter Hao Yongqi
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