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单击此处编辑母版标题样式,单击此处编辑母版文本样式,第二级,第三级,第四级,第五级,2021/2/8,#,PetroChinaRequirements and design of FMIS modificationsFMIS enhancement project,December 1999,1,Contents,1.Business requirements3,2.Gap analysis10,3.Overall approach and design principles13,4.Business process overview15,5.Overview of system changes18,6.New data files and associated processes24,7.System processes for consolidation and reporting29,Appendix A-Report formats32,2,System Design for FMIS Modification,2,Business requirements,Chapter 1,3,To be able to do an IPO,PetroChina need to be able to produce certain key financial reports,To produce these reports,some changes to FMIS needs to be implemented.,Business requirement overview,The FMIS system need to be able to produce the following reports:,Annual consolidation reports as required by China Finance Ministry based on the PRC GAAP for joint-stock company.,Quarterly consolidation of reports of the overall ListCo based on the IAS is required for publicly listed companies.,Disclosure items are also required by IAS and PRC GAAP for joint-stock company.,Some other information is required to support annual auditing.,All the above reports(except the audit information)will need to be produced along the new PetroChina organization structure as described in the following page.The above reporting requirements are detailed in the next pages.,4,PetroChina,Level 1,PetroChina,Level 2,Specialized,Co/Business,Group,Level 3,Segment,Level 4,Type,E&P,.,.,.,Level 5,Business,Units,.,.,Gas&Pipeline,Downstream,Oil&Gas,E&P,Natural gas,(inc.gas pipeline),Refining&,Marketing,Petrochemicals,&marketing,Others,Refining,PetroChina reporting structure,Marketing,R&D,China oil,HQ,Beijing,E&P,HuaBei,G&P,HuaBei,Refinery,HuaBei,North China,Petr.Trade,China O&G,research,institute,Level 6,Operations,Units,Level 7,Suboperations,Units,Oil field#1,Oil field#2,Oil field#3,District 1,District 2,District 3,5,PRC GAAP consolidation report requires the following data:,Business requirements for PRC consolidation,Individual PRC GAAP reports of all entity involved in consolidation.,Balance sheet(PRC GAAP),Income statement,Cash flow statement,Internal transactions reports,Internal transaction list,Internal product sales or purchase report,Internal rendering of service report or internal service purchase report,Internal long-term equity investment report,capital structure report,Internal payable or receivables,Required information for internal transactions,Counterpart,transaction type,period,beginning balance,credit amount,debit amount,ending balance,6,There are two types of changes that need to be made to comply with IAS,Business requirements for IAS consolidation,PRC consolidated financial statements with specific details,Individual PRC reports listed earlier,Ledger report,Transactions with different accounting treatment in IAS and PRC GAAP,Development costs-E&P segment specific,Cost of successful well(succeeded in the period),Assets and depreciation(straight line method vs UOP)and related tax credit,Assets class,accumulated depreciation amount based on reevaluated carrying amount by straight line method;depreciation amount based on un-reevaluated amount by unit of production method or straight line method(depend on assets class),Deferred business initial cost(pre-operation expenditures),Beginning balance,ending balance,Monthly revaluation of non-current monetary assets&liabilities(foreign currency item),Historical value(calculated by exchange rate of occurring date),reevaluated value of long-term loan(foreign currency),long-term deposit(foreign currency),other long-term monetary assets or liabilities.,7,IAS and PRC GAAP requires the following items for disclosure purpose:,Business requirements for disclosure purposes,Aging report of accounts receivable(PRC GAAP),Long-term equity investment(PRC GAAP),Investee,stock type,share number of stock,share percentage,amount,remarks,Long-term bond investment(PRC GAAP),Bond type,par value,rate,purchased amount,due date,interest of this year,accumulated interest,remarks,Other non-equity long-term investment(PRC GAAP),Debtor,principal,rate,due date,interest income of current period,accumulated interest,remarks,Long-term loan(PRC GAAP),Loaner,amount,due date,rate,term(If foreign loan)Foreign currency amount,RMB amount by exchange rate of balance sheet date,Bonds payable,(PRC GAAP),Bond name,par value,issued date,issued amount,due date,interest expense of current year,accumulated interest,Related party transactions,(PRC GAAP&IAS),All data listed in internal transaction reports,only different entity name,Income analysis report(IAS),Special deductions relating to exploration and production activities,Income not subject to tax;Expenses not deductible for tax purposes,Movement of allowance for doubtful accounts,Balance at beginning of period,Provision,Deductions,Balance at end of period,Movements in allowance for diminution in value of inventories,Balance at beginning of period;Provision;Deductions;Balance at end of
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