联营体财务管理办法

*****-****.JV财务管理办法

第一章总则

Chapter One General

第一条为了规联营体财务行为，加强财务管理和会计核算，根据中国有关部门法律法规和〈〈*****-****.JV协议〉〉，制定本管理办法。

Article 1 To normalize financial affairs of *****-**** Joint Venture, this Regulation is established based on related laws and regulations of China, Agreement of *****-**** Joint Venture.

第二条本办法适用于联营体所属的各部门和部各核算单位，是联营体制定其他财务管理实施细则、办法的指导文件。联营体在本办法原则下，制定〈〈会计核算办法〉〉、〈〈财务支付审批规定〉〉、《业务招待费管理办法》、《职员差旅费报销规定》等有关办法、制度。

Article 2 This Regulation applies for departments and internal accounting units of T-C Joint Venture. It's a supervising document for formulating other enforcement regulations of financial management for T-C Joint Venture. By the principle of this Regulation, related measures and systems, such as Measures of Bookkeeping Operation, Examination and Approval Provision of Finance Payment, Management Measures of Business Entertainment and Provision of Travel Expense Claim for Staff, are established.

第三条联营体财务管理的目的是：科学合理地筹集、运用和分配资金，实现联营体财富最大化。

Article 3 The objective of financial management of T-C Joint Venture is to raise, manage and distribute fund scientifically, and to maximize JV's fortune.

第四条联营体财务管理的基本原则是：建立健全财务管理制度，做好财务管理基础工作，严格遵守中国的各项法律法规，加强财务监督和检查，如实反映财务状况，依法缴纳各种税收，保证投资者权益不受侵犯。

Article 4 The basic principle of financial management is to establish and prefect the financial control system, carry out element works of financial management, observe laws and regulations of China, strengthen financial supervision and inspection, do justice to financial status, pay different kinds of taxes according to laws, and guarantee the investor's rights and interests not to be violated.

第五条联营体财务管理的任务是：合理、有效筹集资金，满足生产经营的需要；科学地使用资金，提高资金使用效益；正确分配公司收入，处理好联营体与其他方面的财务关系；及时真实地反映财务状况，参与和协助领导决策；认真实行财务监督，维护财经纪律。

Article 5 The task of JV's financial management is to raising funds reasonably and efficiently to satisfy requirements of production operation, dispose funds scientifically to enhance the efficiency of funds usage, to distribute the income of T-C JV properly and manage the financial relationship between JV and other units fairly, to report financial status veritably and timely and participate and assist JV's leadership to make decision; to carry out financial supervision and protect financial and economic discipline seriously.

第六条联营体财务管理的容是：货币资金管理、存货管理、固定资产管理、成本费用管理、利润管理以及财务监督。

Article 6 The content of JV's financial management is monetary fund management, inventory

management, fixed assets management, cost management, profit management, as well as financial supervision.

第二章联营体财务管理体制及工作职责

Chapter 2 Financial Management System and Work Responsibility 第七条联营体是各母公司共同投资、共享利益、共担风险的经营核算单位，联营体管理委员会享有各种重大事项的决策权，项目经理在管理委员会的授权下，全面负责财务管理工作；财务主管协助项目经理领导联营体财务管理和会计核算工作，主持财务管理日常工作。

Article 7 T-C Joint Venture is a business accounting entity, which is formed by joint investment, joint benefit and joint risk of each parent company. The Management Committee （MC）has decision-making authority for important affairs, with authorization from the MC; the Project Manager takes charge of overall financial management works. The Financial Chief's responsibility is to assist the Project Manager to perform financial management and bookkeeping, also he is in charge of routine works of financial management.

第八条联营体职能部门必须履行本部门在财务管理工作上的职责。

Article 8 Every functional department must perform its responsibility with respect to its financial management works.

财务部门负责联营体财务管理的日常工作和会计核算工作；草拟财务管理和会计核算办法；编制财务收支计划，经批准后落实到基层；筹集联营体所需资金，管好用好资金，实现资金效益最大化；负责收益管理、税收管理、资产帐务管理，控制成本费用支出，加强财务监督；编制财务预、决算报告，收集整理有关财务管理、会计核算、经济活动等方面资料；提供经济活动分析资料和企业财务状况，改善和加强财务管理工作；参与联营体各种合同洽谈工作。

The Financial Office's responsibility is to take charge of routine works of financial management and auditing works; to draw up measures for financial management and bookkeeping operation; to organize plans for financial receipts and expenditures, and carry out the plans after approval; to raise funds required by the JV, manage and use the funds properly as to maximum the efficiency of funds; to take charge of profit management, tax management, fixed asset management, and cost control management to strengthen financial supervision; to work out financial budget report and final accounts report, collect information with respect to financial management, bookkeeping operation and business activity; to provide information about economic activity analysis and business finance status, enhance and strengthen the financial management works; to participate in different kinds of contract negotiation of the JV.

合同管理部门应及时向业主办理已完工程的结算工作，及时向财务递交合格的确认收入的凭

证；负责牵头分包工程的招标及合同洽谈工作，召集相关部门进行合同的评审，确定合理的分包单位，及时提供分包单位已干工程的结算资料并递交财务入帐；牵头编制各所属单位、部门的月、年度收入预算和成本定额，下达有关考核指标，做好成本控制工作;协助财务部门搞好财务预算管理；每月28日前提供编制月资金流计划所需资料；编制季度、半年或年资金流计划所需资料根据通知时间提供。

The Contract Management Office shall perform settlement from the Employer in a timely manner, and submit qualified and confirmed voucher to the Financial Office in time; it's responsible for invitation of bidding and negotiation of any subcontract work, convening concerned departments for proceeding subcontract evaluation, determining qualified subcontractor, and providing settlement materials of subcontractor for Financial Office for financial entry; it's also responsible for setting up month and annual revenues budget, cost quota, relative evaluation criteria for each subordinate unit and department in order to carry out cost control and assist the Financial Office managing financial budget properly. The Contract Department shall provide relevant data for making the cash flow plan before 28th of every month, the data for making quarterly, half-annually, and annually cash flow plan shall be provided according to relevant notices.

机电物资部负责工程所需的各种材料采购、设备采购及租赁的招标及合同洽谈工作并组织相关部门进行合同的评审，按月向财务部门提供材料采购、设备采购及租赁支出预算；负责各种设备、材料的实物管理工作，及时办理各种材料及设备的验收、发出、退库及部各单位之间的调拨手续并及时报送财务部门入帐；定期进行材料、设备的盘存工作并定期与财务对帐，做到帐物、帐帐相符；健全材料及设备的收发、领用、退库及盘点制度；每月28日前提供编制月资金流计划所需资料；编制季度、半年或年资金流计划所需资料根据通知时间提供。

The Mechanical and Electrical Department is responsible for purchasing different kinds of material and equipment, initiating bid and negotiating any equipment renting contract, organizing concerned departments for contract evaluation, and submitting material and equipment purchase and/or rent budget to the Financial Department monthly; responsible for accepting, delivering and clearing stock of different kinds of equipment and material, carrying out allocating procedure between internal departments and submitting information to Financial Office for financial account entry; responsible for stock-taking of equipment and material, and checking up account with Financial Office periodically to make sure that accounts can match stocks properly, perfecting system for receiving, delivering, stock-clearing and stock-taking of material and equipment. The M&E Department shall provide relevant data for making the cash flow plan before 28th of every month, the data for making quarterly, half-annually, and annually cash flow

plan shall be provided according to relevant notices.

行政部负责联营体人力资源管理工作，控制非生产用工，提高劳动生产率，加强工资管理，降低人工成本，并及时向财务提供工资及奖金发放表；负责联营体接待费用的管理工作，在搞好接待的前提下，努力控制和减少不合理开支，杜绝非法支出；负责在联营体预算指标提出非生产设备和办公用品、福利用品等的采购计划，作好上述物资的采购、收发及实物管理工作，并与财务帐进行定期的核对，做到帐物、帐帐相符；负责各办事处的费用核定和控制工作。

The Administrative Department is responsible for managing human resource and controlling non-production labor in order to improve productivity and reduce labor cost, and to provide salary and bonus sheets timely to the financial office; responsible for managing reception cost of JV, controlling and decreasing irrational cost, and putting and end to illegal outgoings; responsible for organizing procurement plan for non-production equipment, office supplies and welfare supplies, purchasing, delivering and managing these items, and checking with Financial Office periodically in order to make sure that the above-said items match with financial accounts; responsible for control and check the cost of the liaison offices.

联营体会计制度采用日历年制，自公历1月1日到12月31日为一个会计年度。

联营体的一切凭证、帐簿、报表用中文书写。人民币为记帐本位币，人民币与其它货币折算，按实际发生之日起中华人民国国家外汇管理局公布的牌价计算。

联营体采用国际通用的权责发生制和借贷记帐法记帐。

联营体应在每一个会计年度的头四个月编制上一个会计年度的资产负债表和损益表，报到管理委员会。

第三章货币资金的管理

Chapter 3 Management of Monetary Found

第九条货币资金是企业的营运资金，只有确定合理的筹资渠道和资金结构，才能既保证各种生产任务顺利完成又节约资金的使用成本；同时货币资金又是流动性最大的资产，所以必须健全货币资金的管理制度，确保货币资金的安全。

Article 9 Monetary fund is working capital for enterprise, only after reasonable ways of fund collecting and structure of capital has been established, successfully completing of productive tasks can then be ensured as well as the use-cost of fund can be saved. Monetary fund, on the other hand, is a kind of asset with maximum mobility; therefore, the management system of monetary fund must be perfected so as to ensure

security of fund.

第十条为保证工程所需资金，资金来源应根据下述优先准则确定:

Article 10 To fulfill monetary funds required by project, the resources of fund shall be determined by the priority of following criteria:

（一）及时收取业主应付的各种款项，包括预付款；

(1) Get the all kinds of payment that shall be paid by the Employer, including the Advance Payment.

（二）联营体各方提供的资金；在这种情况下，各方应按其各自在联营体中的参股比例并以管理委员会规定的格式和时间将金额转入联营体指定。

(2) Collect fund from each party, in such a case, each Party shall transfer fund into appointed bank account by the way and the time stipulated by the MC according to its participation.

第十一条为保证各母公司利益不受侵犯，联营体不得向任何单位或个人提供担保，未经管理委员会批准不得出借资金。

Article 11 To ensure the benefit of each parent company not to be violated, the Joint Venture can not provide guarantee for any unit or individual, can not involve any loan without permission of the MC.

第十二条联营体将在日本东京和中国井陉开立银行基本，工程预收款和结算款等分别以日元和人民币存入东京和井陉。动用以上的资金需要项目经理和经授权的方代表联合签字。为方便对亚行支付的美元解汇，需要在井陉以方名义代表联营体开立银行。

Article 12 In accordance with discussion of both parties, bank accounts will be set up in Tokyo,Japan and Jingxing County, Hebei Province, China, advance payment and settlement of the project will be deposit into the two bank accounts by Japanese Yen and RMB respectively. Joint signature of the Project Manager (or his representative) and other representative for CGGC is required for drawing money from the said accounts. For convenience of Exchanging US Dollar paid from ADB into RMB, a General bank account is required to be set up in Jingxing County in the name of CGGC.

第十三条加强现金管理，保证现金的安全性。

Article 13 Strengthen cash management and guarantee cash security

（一）严格控制现金的使用围。

(1) Strictly control the usage scope of cash.

（二）严格控制库存现金限额。

(2) Strictly control the amount of cash in stock.

（三）建立健全现金资产部管理和控制制度。

(3) Set up and perfect internal cash asset management and control system.

第十四条资金支付必须严格按照规定的审批程序办理。

Article 14 The cash payment shall strictly follow the examination and approval procedure as per stipulated.

第十五条非特殊情况，原则上不支付无计划、无合同、无协议的款项。

Article 15 In principle, except exceptional circumstances, no payment shall be done for which without plan, contract or agreement.

第四章存货的管理

Chapter 4 Stock Management

第十六条存货包括原材料、燃料、其他材料、低值易耗品、机械配件、结构件、在建工程和不属于固定资产的专用工具、专用设备、特殊仪表等。

Article 16 Stocks include raw material, fuel, other material, low cost and short lived article, mechanical spare part, structural part, project under construction, and special tool, equipment and instrument which do not belong to fixed asset.

第十七条存货按实际成本计价

Article 17 The value of stocks is calculated as actual cost.

（一）购入的存货，按买价加运杂费，采购保管费和税金等计价。

(1) The value of purchased stocks shall be calculated by the purchased price plus freight and miscellaneous charges, storage charge, taxes, and etc.

（二）自制的存货，按照制造过程中的各项实际支出计价。

（2）Self-made stocks shall be figured as the actual cost during the manufacture process.

（三）委托外单位加工的存货，按照实际耗用的原材料或者半成品加运杂费和加工费等计价。

(3) Stocks produced by consigned external unit will be figured as raw materials cost or semi-manufactured goods cost plus freight and miscellaneous charges and processing charges.

（四）投资者投入的存货，按照评估确认或者合同、协议约定的价值计价。

（4）Stocks devoted by investors shall be figured according to evaluation or agreed value from conract or agreement.

（五）盘盈的存货，按照同类存货的实际成本计价；没有同类存货的，按照市价计价。

(5) Surplus stocks shall be figured according to the actual cost of same kind of stock in store, for which has not same kind of stock in store, the value shall be figured according to the market price.

（六）接受捐赠的存货按照发票帐单所列金额加企业负担的运杂费、保险费、税金计价；无发票帐单的，按同类存货的市价计价。

(6) Stocks received by donation shall be figured according to the amount listed on invoice plus freight and miscellaneous charges, premium and tax, for which without invoice, it shall be valued as market price.

第十八条建立健全存货物资的计量制度、收发制度和盘存制度。一切物资的进出，都应该有严格进出计量验收手续。有关管理部门应对存货进行定期（每月一次）盘点，年度终了前必须进行一次全面的盘点清查。

Article 18 Establish and prefect measure system, receiving and dispatching system and inventory system for stocked material. Strict procedure for measure and acceptance will be initialized for stock in and out of every material. Concerned managerial departments shall make an inventory of stocks periodically (monthly), and an overall stock-taking and checking must be performed before the end of every year.

盘盈的存货，按规定先作帐务处理，经批准后，冲销管理费用。盘亏、毁损和报废的存货，先作帐务处理，查明原因批准后，扣除过失人或保险公司赔款和残料价值，计入采购保管费或管理费用。存货毁损属于非常损失的部分，扣除过失人或者保险公司赔款和残料价值后，计入营业外支出。

According to stipulation, inventory over will be accounted firstly and after approval, it will be used for charging off overhead cost. Inventory shortages, damaged or disabled inventory shall be accounted firstly, and when the reason is found and approved, it shall be charged to purchase and storage charge or overhead cost after indemnity from insurer and remained value has been deducted. If the inventory damage belongs to abnormal losses, it shall be charge to no operation expense after indemnity from insurer and surplus value has been deducted.

第十九条应根据存货的属性、价值大小对存货进行科学的分类，对存货进行分类管理。

Article 19 The inventory shall be systematically managed and classified scientifically according to its property and value.

第五章固定资产管理

Chapter 5 Management of Fixed Asset

第二十条联营体的固定资产是指使用期限超过一年、单位价值在2000 RMB以上的机械设备、运输车辆、各种施工器具。

Article 20 The fixed assets of T-C JV refer to mechanical equipments, transport vehicles and different kinds of construction implements with service time over a year and unit value more than 2000 RMB.

第二十一条固定资产分类。联营体的固定资产分为：

Article 21 Classification of Fixed Assets. The fixed assets of JV are classified as following:

（一）生产用固定资产

（1）Productive fixed assets

1.施工机械

1. Construction machinery

2、运输设备

2. Transportation device

3、动力设备

3. Power equipment

4、仪器及专用器具

4. Instrument and special implement

（二）未使用固定资产

（2）fixed assets not in use

（三）不需用固定资产

（3）fixed assets not needed

第二十二条固定资产的计价。联营体的固定资产按下列方法进行计价：

Article 22 Valuation of fixed assets, the fixed assets will be valuated according to following measures:

（一）购入的固定资产，按照买价加上支付的运杂费、保险费、包装费、安装调试费和缴纳

的税金等计价。

(1) Purchased fixed assets will be valued according to purchased price plus freight and miscellaneous charges, insurance premium, packing charge, installation and commissioning charge and taxes.

（二）投资者投入的固定资产，按照评估确认或者合同、协议约定的价值计价。

（2） Fixed assets devoted by investors shall be figured according to evaluation or agreed value from contract or agreement.

（三）接受捐赠的固定资产，按照发票帐单所列金额（无发票帐单的，按同类设备市价），加上由企业负担的运输费、保险费、税金、安装调试费计价。

(3) Fixed assets endowed by others shall be valued as the bill price (if no bill available, shall be valued as it market price) plus transportation cost, insurance premium, tax, installation and debugging cost and etc.

（四）盘盈的固定资产，按照同类固定资产的重制完全价值计价。

(4) Surplus fixed assets shall be valued according to the completely value of rebuilding the same kind of fixed assets.

第二十三条固定资产折旧。联营体固定资产折旧采用平均年限法，各类固定资产的折旧参照投标时的比例确定，工程工期围折旧为50%—65%。

Article 23 Depreciation of Fixed assets. Composite life method will be adopted for the depreciation of fixed assets. And the depreciation of all kinds of fixed assets shall be determined in accordance with Tender Document with composite depreciation of 50%-65% within the duration of the project construction.

第二十四条固定资产的管理。

Article 24 Management of Fixed Assets

机电物资部在联营体生产计划的基础上编制生产用设备的采购计划，经分管领导审核，报项目经理批准后，组织合同的评审及其采购、验收、建立实物帐，并递交相关资料及时到财务进行挂帐。机电物资部应加强对固定资产的实物管理工作，完善管理制度，定期与财务部门对帐，做到帐物、帐帐相符。

A purchase program shall be made by M&E Department based on the production plan, and after this purchase program has been checked by the leaders in charge and finally approved by Project Manager, the contract evaluation, purchase, check & acceptance procedure can be carried out, and related data and information shall be submitted to the Financial Office for account. M&E Department shall strengthen and perfect the

management for the fixed assets, and check the account with Financial Office periodically, it shall be assured that the account confirms to real object, and account confirms to account.

行政部应在联营体的年度预算提出各种非生产用办公设备的采购计划，经分管领导审核，报

项目经理批准后，组织采购、验收、建立实物帐，并递交相关资料及时到财务进行挂帐。

A purchase program for office equipment, which is for non-production purpose, shall be made by Administrative Department with in the annual budget of the joint venture, and after this purchase program has been checked by the leaders in charge and finally approved by Project Manager, the contract evaluation, purchase, check & acceptance procedure can be carried out, and related data and information shall be submitted to the Financial Office for account.

财务部门负责按批准的采购计划筹集资金，并按规定的审批、支付程序结算采购款项；负责

按固定资产验收的有关手续分类建立固定资产财务帐和卡片。

Financial Office shall be responsible for collecting funds in accordance with approved purchase program, and settle the purchase payment according to stipulated check and payment procedures, and also shall be responsible to establish financial account and cards in accordance with the acceptance procedures for fixed assets

第二十五条固定资产减少及报废。固定资产有偿转让或清理报废，必须办理有关固定资产减少或清理报废的手续，经批准，方能处理。

Article 25 Decrease and Discard of Fixed Assets. When fixed assets are paid transferred or scarped the procedures for decrease or scrap must be carried out, in any case, it must be approved before dispose.

第二十六条联营体部固定资产转移，必须办理固定资产调拨手续，固定资产应做到帐随物走。不得以行政命令代替物资转移手续。

Article 26 The transfer of fixed assets within the joint venture must have procedures for fixed assets reallocation, and the account for the transferred fixed assets shall be transferred together. No administrative order shall be used instead of procedures for transfer fixed assets.

第二十七条联营体固定资产大修实行预算制，经批准后的大修费用按固定资产受益对象据实分别摊入生产成本。

Article 27 Budget method for overhaul of fixed assets shall be applied within the joint venture, the overhaul cost shall be accounted into manufacturing cost of the benefited fixed assets.

第六章递延资产的管理

Chapter 6 Management of Deferred Assets

第二十八条递延资产包括开办费、办公设备购置费以及摊销期在一年以上的其他待摊费用。

Article 28 Deferred assets include initial cost, office equipment cost and other prepaid and deferred expenses with amortization period more than 1 year.

第二十九条开办费应在工程施工期间摊入成本。

Article 29 The initial expense shall be amortized into cost during the construction period.

第三十条办公设备由事务部统一管理，建立实物收发登记制度，注明使用部门或领用人。

Article 30 Office equipment will be managed by Administrative Department, a registration system for receive and dispatch shall be established with clear indication of the department or person who get the office equipment.

第七章成本和费用管理

Chapter 7 Management of Cost and Expense

第三十一条成本管理的基本任务

Article 31 Basic task of cost control

（一）以权责发生制为基础，及时正确地核算成本，如实反映经营成果。

（1）The cost shall be checked accurately based upon accrual accounting, and it shall actually reflect operation result.

（二）划分资本性支出和收益性支出，不增加或减少当期成本。

(2) The capital expenditure and revenue expenditure shall be divided clearly with no increase or decrease of current period cost.

（三）分析成本升降原因，总结经验，采取措施，不断提高联营体成本管理水平和经济效益。

(3) The reason for cost increase or decrease shall be analyzed with experience summed up and measures adopted to escalate the cost control level and economic benefit of the joint venture.

（四）建立健全并认真落实联营体财务预算和成本管理制度。

(4) Establish, perfect and strictly follow financial budget and cost control system of the joint venture.

第三十二条成本管理的基础工作。

Article 32 Foundation works for cost control

（一）加强预算定额管理，包括材料消耗定额，设备定额，劳动定额，物资储备定额以及各种费用定额。

(1) Strengthen the management for budget quota, including material consumption rate, equipment rate, output rate, material reserve rate as well as different kinds of expense standards.

（二）计量验收工作。一切物资的进出，都应该有严格进出计量验收手续。

(2) Strict procedure for measure and acceptance will be initialized for stock in and out of every material.

（三）建立财产物资的盘存制度，定期或不定期地对所有财产物资进行清查盘点，保证帐帐相符，帐实相符。

(3) The inventory system for property and material shall be established, inventory taking shall be carried out periodically or non-periodically to assure that the account confirms to object and account confirms to relative account.

（四）作好成本的原始记录，包括工程结算的原始记录、设备使用效率的原始记录，物资消耗的原始记录，劳动工资及劳动生产率方面的原始记录，费用方面的原始记录。

(4) Original record of cost shall be kept, including original record for project settlement, efficiency of equipment usage, material consumption, labor salary, labor productivity and original record for expenditure.

第三十三条待摊和预提费用，应遵循权责发生制和成本与收入配比的原则。一次支付，分期摊销的待摊费用，按照费用项目的受益期限确定分摊的数额，摊销期一般不超过12个月。

Article 33 Prepaid and deferred expenses and accrued expenses shall confirm to the principle of accrual accounting and principle of matching costs with revenues. The amortization amount of prepaid and deferred expenses, which shall be paid at one time and amortized by installments, will be determined according to benefit term of the expense item, and the amortization period shall be less than 12 months.

第八章利润管理

Chapter 8 Profit Management

第三十四条联营体的利润总额包括营业利润和营业外收支净额。

Article 34 The gross profit includes business profit and net amount of non-business profit.

第三十五条营业利润为工程结算收入加上其他业务利润减去建设服务税金，再减去工程结

算成本，管理费用和财务费用等后的余额。

Article 35 Business profit shall be calculated as the project settlement income plus other business profit, and deduct the taxes raising from construction and service, and then deduct the project settlement cost, overhead cost, financial expenses and etc.

第三十六条营业外收入和营业外支出是与联营体生产经营活动无直接关系的各项收入和支出。营业外收支净额，为营业外收入减去营业外支出后的差额。

Article 36 Non-business income and outcome are revenue and expenditure without direct relationship with production and business activities of the joint venture. The net amount of non-business revenues and expenses is the balance calculated as non business income deduct non business outcome.

营业外收入包括固定资产盘盈和出售净收益，因债权人原因确实无法支付的应付款项，罚款收入，以及其他非营业性收入。

Non-business income include fixed assets over book amount, net income of sale, payment that can not be made for the reason of creditor, fines forfeits and penalty receipt, and other non-business income.

营业外支出包括固定资产盘亏，报废、毁损和出售的净损失，非常损失，公益性捐赠，赔偿金，违约金等。

Non-business outcome include fixed assets under book amount, net loss from scrap, derogation and sale, abnormal losses, public welfare endowment, compensation, liquidated damages and etc.

第三十七条利润总额，按中国税务部门作相应调整后，应依法缴纳利润税。

Article 37 For gross profit, after it has been adjusted in accordance with tax affairs department, the profit taxes shall be paid according to relevant laws.

第三十八条联营体交纳利润税后的净利润，根据联营体协议，工程施工期间所形成的净利润，会计年度终了，一律转入未分配利润，工程完工后按各方参股比例分享利润或承担亏损。

Article 38 In accordance with the JV Agreement, the net profit after taxes paid during the carrying out of the project, shall be forwarded to undistributed profit at the end of each financial year. After the completion of the project, it shall be distributed or burdened by the Parties in portion of their share.

第九章联营体财务预算管理

Chapter 9 Financial Budget Management

第三十九条联营体实行财务预算管理。建立财务预算制度，按年度编制财务预算。

Article 39 Financial Budget management shall be applied for the Joint Venture.

And the financial budget system will be established with financial budget making out for every year.

第四十条联营体财务预算容。联营体的财务预算由一系列具体预算组成，包括资产负债预算、损益预算和现金流量预算。

Article 40 Content of financial budget. The financial budget is composed by a series of specific budgets, including budget for charges on assets, profit and loss budget and cash flow budget.

第四十一条联营体财务预算的编制方法。

Article 41 Method for making out financial budget.

（一）财务预算的编制程序

(1) Procedures for making financial budget

编制财务预算应在每年预计完成工程量的基础上进行。编制时应采用自上而下，自下而上反复修订、平衡的方法，最后报请项目经理批准后下达执行。具体程序如下：

The financial budget shall be made on the base of yearly expected completed construction quantities. The financial budget shall be made from high-level management body to low-level management, and revised from low-level management body to high-level management, and will be issued for execution after approved by the Project Manager. The detailed procedure is as following：

1、由联营体提出一定时期应完成的工程施工任务。

1. A construction objective to be finished within a certain period shall be raised by the joint venture.

2、联营体各部门在投标预算的基础上，编制本部门预算草案。

2. Every department shall make a drafted department budget on the base of the tender budget.

3、由财务部对各部门草案进行审核、归集、调整，汇总编制总预算，报项目经理批准。

3. The drafted budget then will be checked, adjusted and collected by Financial Office to make a general budget and to submit to the Project Manager for approval.

4、将批准的预算下达各部门执行。

4. After approved, the budget shall be issued to every department for execution.

（二）财务预算的编制期

(1) Financial budget period

联营体的财务预算编制期为一年，预算期限为每年一月至十二月，每年十一月十日前召集预算编制，二十日前各部门上交预算草案，二十五日前将总预算报项目经理批示，执委会批准。

The period for financial budget is 1 year from January to December every year. Before December 10 of every year the budget making shall be started and before 20th of December the drafted budget shall be submitted by every department, before 25th, the general budget shall be submitted to the Project Manager for review, and to the Executive Committee for approval.

为便于财务预算的执行，年度预算应分月列示。

To facilitate the execution of financial budget, annual budget shall be figured out by month.

第四十二条财务预算的执行。每月应召开一次由相关领导和相关部门参加的资金平衡会，调整和执行财务预算。

Article 42 Execution of financial budget. A fund balance meeting shall be convened every month with related leaders and departments attended to adjust and execute the financial budget.

第十章财务报告和财务评价

Chapter 10 Financial Report and Financial Evaluation 第四十三条联营体对外报送的财务决算报告包括财务报表、报表附注和财务情况说明书。财务报表包括资产负债表、损益表、现金流量表、利润分配表等。

Article 43 The financial final reports to be sent out of the joint venture include financial statement, attachment to the statement and explanatory statement on financial condition. Financial reports include balance sheet, profit and loss statement, statement of cash flow, statement of profit distribution and etc.

第四十四条联营体财务报告必须于会计年度终了后一季度提交管理委员会审查。

Article 44 Financial report must be submitted to the MC for examination within the first season after the end of a financial year.

第四十五条财务情况说明书，应主要说明以下问题：

Article 45 The explanatory statement on financial condition shall mainly state the following issues:

（一）联营体基本情况。

(1) Fundamental information of the Joint Venture.

（二）生产经营状况，利润实现，资金增减和周转、财务收支、税金缴纳、各项物资财产变

动等情况。

(2) Production operation status， realization of profit，increase, decrease and circulation of funds, financial revenue and expenditure, taxation status, variation of every material and property, and etc.

（三）对某些重要项目采用的财务会计方法及其变动的情况和原因；对本期或者下期财务状况发生重大影响的事项；资产负债表日后至报出财务报告前发生的对联营体财务状况变动有重大影响的事项；为便于理解财务报告需要说明的其他事项。

(3) Financial accounting method adopted for major items, and their variation status and causes; main issues that may cause great effect to the financial status of current period or next period; main issues that may cause great effect on the changing in financial status form the date property balance sheet is made out to the date before submit a financial report; other issues needed for easy understanding of financial report.

（四）各项规章制度执行情况。

(4) Execution status of every rules and regulations.

（五）财务管理工作中的成绩和缺点，提出加强财务管理，提高资金使用效果，增加利润的主要措施和今后的改进意见。

(5) Success and shortcoming of financial management works; main measures and improvements for strengthening financial management, enhancing the fund usage effectiveness and increasing profits.

第四十六条联营体总结、考核和评价财务状况及经营成果的财务指标包括偿债能力指标、营运能力指标、盈利能力指标。

Article 46 The financial indices for summarizing, examination and assessment of financial status includes credit capacity indices, operation ability indices and profitability indices.

（一）偿债能力指标主要有资产负债率、流动比率和速动比率，用于评价举债经营状况和偿债能力。

(1) Credit capacity indices mainly include rate of charges on assets, liquidity rate, and quick rate, the indices is used to evaluate the status of trading on equity and credit capacity.

（二）营运能力指标主要有总资产周转率、流动资产周转率，评价公司使用经济资源或资本的效率及有效性。

(2) Operation ability indices mainly include turnover of total assets, turnover of current assets, this indices is used to evaluate the efficiency and validity of economic

resources and capital of the joint venture.

（三）盈利能力指标主要有工程结算利润率、总资产报酬率等，反映联营体盈利能力和水平。

(3) Profitability indices mainly include the profit rate for project settlement, rate of return on total assets and etc., it reflect the profitability and level of joint venture.

主要财务指标计算公式：

Calculation formula for main financial indices:

1、资产负债率=负债总额/资产总额X100%

1. Charges on assets rate = total indebtedness / total assets x100%

2、流动比率=流动资产/流动负债X100%

2. Liquidity rate = liquid assets / current liabilities x100%

3、速动比率=速动资产/流动负债X100%

3. Quick rate = quick assets / current liabilities x100%

速动资产=流动资产-存货

Quick assets = liquid assets-inventory

4、总资产周转率（次）=工程结算收入/平均资产总额X100%

4. Turnover of total assets（times）= project settlement income / average total assets x100%

5、流动资产周转率（次）=工程结算收入/平均流动资产总额X100%

5. Turnover of current assets（times）= project settlement income / mean aggregate liquid asset x100%

6、工程结算利润率=利润总额/工程结算收入总额X100%

6. Project settlement profit rate = gross profit / gross income of project settlement x100%

7、总资产报酬率=（利润总额+利息支出）/平均资产总额X100%

7.Rate of return on total assets =（gross profit + interest cost）/ average total assets x100%

第十一章联营体清算管理

Chapter 11 Liquidation Management

第四十七条联营体施工任务完成或由于其他原因不再继续经营，必须按有关规定进行清算。

Article 47 Upon the completion of construction or can not continue operation for other reason, the financial liquidation must be carried out in accordance with relevant regulations.

第四十八条联营体清算财产估价。联营体清算财产进行清查后，按帐面价值或重估价值或变现收入计价，以确定变卖清算财产的价值。清算财产的变现收入与帐面价值的差额，作为清算损益处理。清算损益是指联营体在清算期间发生的清算收益或清算净损失，按下列公式计算：Article 48 Valuation of Liquidation properties. After checking of the liquidation property, it shall be valued by book value or re-estimated value or realization income to determine the value of liquidation property. The difference between realization income and book value of liquidation property shall be disposed as liquidation profit and loss. Liquidation profit and loss means the liquidation income or liquidation net loss during the liquidation period; it shall be calculated by the following formulation: 清算损益=清算收益-清算损失-清算费用

Liquidation profit and loss = liquidation income - liquidation loss - liquidation expense

第四十九条联营体清算财产在支付清算费用后，按下列顺序清偿债务：

Article 49 After paid the liquidation expense, the liquidation property shall be used to clear off debts in accordance with the following sequence: （一）应付未付的职工工资和劳动保险费用；

(1) The salary and insurance expenses of employee which shall be paid but not paid.

（二）应交未交的税金；

(2) Taxes which shall be paid but not paid.

（三）尚未偿付的债务。

(3) Debt which has not been paid off.

第五十条清偿债务后的资产按照联营体规定的参股比例进行分配。

Article 50 The property after clearing off of debts shall be distributed to Parties according to their portions of share.

第十二章附则

Chapter 12 Supplementary Provisions

第五十一条本办法不足部分，参照中国有关法律法规及联营体协议和管理委员会会议决定。

Article 51 Any insufficiency of this regulation shall be governed by relative laws and codes of China, JV Agreement and decision of the MC.