The construction ledger is distinct from named expansion lines
The engineering ledger reports CNY 101.41343670 million of additions to construction in progress and CNY 103.63092330 million transferred to fixed assets during 2003. Its opening balance is CNY 11.23954541 million, other transfers CNY 0.00407331 million and closing balance CNY 9.01798550 million. These accounting movements are not the CNY 150.40885720 million of cash paid for long-lived assets in the consolidated cash-flow statement. A ledger column named a 16,000-tonne tank-furnace drawing project records CNY 1.96668184 million opening work, CNY 91.87104436 million of additions and CNY 93.83772620 million transferred to fixed assets, leaving no closing work in that column. Its stated funding is internally raised funds and loans. A separate 10,000-tonne finished-goods warehouse transferred CNY 2.09663715 million to fixed assets. Warehouse capacity is not manufacturing output capacity. The ledger's 16,000-tonne name does not establish identity with the 10,000-tonne Jiujiang upgrade or the 40,000-tonne line in the business discussion. The latter formally started in November 2003 and remained in civil construction when the report described a plan for production within the year; this is not evidence of 2003 commissioning. Project identity and cash allocation remain unassigned where the filing supplies no reliable bridge.
- Reported construction carrying-value additions / 2003 / group construction ledger additions
- RMB 101,413,436.7
- Reported construction transfer to fixed assets / 2003 / group construction ledger transfers to fixed assets
- RMB 103,630,923.3