China Securities Regulatory Commission, Questions and Answers on the Standards for Information Disclosure by Companies that Offer Securities to the Public (No. 1): Extraordinary Gain or Loss (2004 Revision)

Issued: January 15 2004

Main contents: The Questions and Answers are revised to clarify the disclosure and recognition of extraordinary gain or loss. Item Two is revised to include all items that must be treated as extraordinary gain or loss such as gain or loss from handling of long-term equity investment, fixed assets, projects under construction, intangible assets and other long-term assets; tax refunds, reductions or exemptions that were approved ultra vires or without formal approval documents; all types of government subsidies; and gain or loss from debt reorganization.
Related legislation: Contents and Formats for Information Disclosure by Companies That Offer Securities to the Public Guidelines (No.1): Prospectuses (Revised in 2003), Mar 24 2003, CLP 2003 No.4 p6; Contents and Formats for Information Disclosure by Companies That Offer Securities to the Public Guidelines (No. 2): Contents and Format of Annual Reports (2003 Revision), Dec 22 2003, CLP 2004 No.2 p4; Contents and Formats for Public Share Issuing Companies in Information Disclosure Guidelines (No. 3): Contents and Formats of Interim Reports (2003 Revision), Jun 24 2002, CLP 2003 No.7 p5; Contents and Formats for Public Share Issuing Companies in Information Disclosure Guidelines (No. 9): Calculation and Disclosure on Rate of Return on Net Assets and Earnings Per Share; Properly Handling Issue of New Shares by Listed Companies Circular and Relevant Requirements for Listed Companies Offering Additional New Shares Circular, Jul 24 2002, CLP 2002 No.7 p12