黄山旅游发展股份有限公司 2013 年半年度报告
黄山旅游发展股份有限公司
Huangshan Tourism Development Co., Ltd.
2013 年半年度报告
2013 Interim Report
二Ο一三年八月
August 2013
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黄山旅游发展股份有限公司 2013 年半年度报告
重要提示
一、 本公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容的真实、准
确、完整，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。
二、 公司全体董事出席董事会会议。
三、 公司半年度财务报告未经审计。
四、 公司负责人许继伟、主管会计工作负责人何益飞及会计机构负责人（会计主管人员）
何益飞声明：保证本半年度报告中财务报告的真实、准确、完整。
五、 是否存在被控股股东及其关联方非经营性占用资金情况？
否
六、 是否存在违反规定决策程序对外提供担保的情况？
否
七、本报告分别以中、英文编制，在对中英文本的理解上发生歧义时，以中文文本为准。
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黄山旅游发展股份有限公司 2013 年半年度报告
目录
第一节 释义 .................................................................................................................................... 4
第二节 公司简介 ............................................................................................................................ 5
第三节 会计数据和财务指标摘要................................................................................................. 6
第四节 董事会报告 ........................................................................................................................ 7
第五节 重要事项 .......................................................................................................................... 11
第六节 股份变动及股东情况....................................................................................................... 13
第七节 董事、监事、高级管理人员情况................................................................................... 15
第八节 财务报告（未经审计）................................................................................................... 16
第九节 备查文件目录 .................................................................................................................. 92
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黄山旅游发展股份有限公司 2013 年半年度报告
第一节 释义
一、 释义
在本报告书中，除非文义另有所指，下列词语具有如下含义：
常用词语释义
公司、本公司 指 黄山旅游发展股份有限公司
管委会 指 黄山风景区管理委员会
黄山旅游集团 指 黄山旅游集团有限公司
中国证监会 指 中国证券监督管理委员会
上交所 指 上海证券交易所
2013 年 1 月 1 日至 2013 年 6 月
报告期、报告期内 指
30 日
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黄山旅游发展股份有限公司 2013 年半年度报告
第二节 公司简介
一、 公司信息
公司的中文名称 黄山旅游发展股份有限公司
公司的中文名称简称 黄山旅游
公司的外文名称 Huangshan Tourism Development Co.,Ltd.
公司的外文名称缩写 HSTD
公司的法定代表人 许继伟
二、 联系人和联系方式
董事会秘书 证券事务代表
姓名 黄慧敏 黄嘉平
联系地址 安徽省黄山市黄山风景区汤泉 安徽省黄山市黄山风景区汤泉
电话 0559-5580567 0559-5580526
传真 0559-5580505 0559-5580505
电子信箱 hshhm666@126.com hstd56@126.com
三、 基本情况变更简介
公司注册地址 安徽省黄山市黄山风景区温泉
公司注册地址的邮政编码 245800
公司办公地址 安徽省黄山市黄山风景区汤泉
公司办公地址的邮政编码 245800
公司网址 http://www.huangshan.com.cn 或 tourmart.cn
电子信箱 hs600054@126.com
四、 信息披露及备置地点变更情况简介
公司选定的信息披露报纸名称 《上海证券报》、《香港商报》
登载半年度报告的中国证监会指定网站的网址 www.sse.com.cn
公司半年度报告备置地点 公司董事会办公室
五、 公司股票简况
公司股票简况
股票种类 股票上市交易所 股票简称 股票代码
A股 上海证券交易所 黄山旅游 600054
B股 上海证券交易所 黄山 B 股 900942
六、 公司报告期内的注册变更情况
公司报告期内注册情况未变更。
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黄山旅游发展股份有限公司 2013 年半年度报告
第三节 会计数据和财务指标摘要
一、 公司主要会计数据和财务指标
(一) 主要会计数据
单位：元 币种：人民币
本报告期比上年同
主要会计数据 本报告期（1－6 月） 上年同期
期增减(%)
营业收入 695,444,918.47 748,481,634.40 -7.09
归属于上市公司股东的净利润 72,499,919.33 139,533,530.88 -48.04
归属于上市公司股东的扣除非经常
71,666,877.38 139,308,575.81 -48.56
性损益的净利润
经营活动产生的现金流量净额 24,404,253.80 33,845,688.28 -27.90
本报告期末比上年
本报告期末 上年度末
度末增减(%)
归属于上市公司股东的净资产 1,973,549,646.70 1,901,049,727.37 3.81
总资产 3,324,677,487.46 3,379,676,769.12 -1.63
(二) 主要财务指标
本报告期比上年同
主要财务指标 本报告期（1－6 月） 上年同期
期增减(%)
基本每股收益（元／股） 0.1538 0.2960 -48.04
稀释每股收益（元／股） 0.1538 0.2960 -48.04
扣除非经常性损益后的基本每股收
0.1520 0.2956 -48.58
益（元／股）
加权平均净资产收益率（%） 3.74 7.77 减少 4.03 个百分点
扣除非经常性损益后的加权平均净
3.70 7.75 减少 4.05 个百分点
资产收益率（%）
二、 非经常性损益项目和金额
单位：元 币种：人民币
非经常性损益项目 金额
非流动资产处置损益 -3,031,657.80
除上述各项之外的其他营业外收入和支出 4,135,269.20
少数股东权益影响额 -275,902.85
所得税影响额 5,333.40
合计 833,041.95
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黄山旅游发展股份有限公司 2013 年半年度报告
第四节 董事会报告
一、 董事会关于公司报告期内经营情况的讨论与分析
公司主营业务为园林门票、客运索道、酒店食宿、旅游服务及旅游地产等部分。
2013 年上半年,由于国内经济增速放缓、入境市场持续下降及阴雨天气较多等多种因素的叠加，
旅游市场受到较大的压力和挑战。面对困难,公司在董事会、经营层的领导下,积极应对,认真研
究新形势、新市场,在成本控制、营销创新、目标管理、项目建设及品牌拓展等方面狠下功夫,
各项业务稳步发展。
2013 年 1-6 月份，公司累计接待游客 123.33 万人，同比减少 6.73%,公司索道业务累计运送游客
189 万人次，同比下降 12.78%；实现营业收入 69544 万元，同比下降 7.09%；其中,商品房销售
实现营业收入 7677.98 万元,同比增长 287.63%。归属于上市公司股东的净利润 7249.99 万元,同
比减少 48.04%。
报告期，公司营业收入同比下降 7.09%，主要系本期景区游客数的减少导致门票、索道、酒店
等相关行业收入减少所致。
(一) 主营业务分析
1、 财务报表相关科目变动分析表
单位：元 币种:人民币
科目 本期数 上年同期数 变动比例（%）
营业收入 695,444,918.47 748,481,634.40 -7.09
营业成本 453,726,560.48 443,864,125.20 2.22
销售费用 2,588,197.47 1,188,276.28 117.82
管理费用 98,680,587.42 89,408,305.88 10.37
财务费用 2,097,676.60 1,190,967.17 76.13
经营活动产生的现金流量净额 24,404,253.80 33,845,688.28 -27.90
投资活动产生的现金流量净额 -114,400,153.57 -162,881,102.72 不适用
筹资活动产生的现金流量净额 -23,027,880.80 166,893,845.98 不适用
投资收益 -992,735.35 8,048,323.60 -112.33
营业外收入 4,326,939.73 470,458.22 819.73
营业外支出 3,223,328.33 172,609.21 1,767.41
项目名称 本期期末数 年初数 变动比例（%）
其他应收款 31,832,497.69 12,441,467.41 155.86
在建工程 181,684,072.34 132,027,988.65 37.61
应付账款 119,696,465.40 207,880,698.74 -42.42
应付职工薪酬 18,761,428.40 37,604,372.70 -50.11
应交税费 501,595.08 52,549,466.55 -99.05
应付股利 10,095,632.47 3,452,614.29 192.41
长期借款 179,124,580.00 19,124,580.00 836.62
应收票据 0 292,500.00 -100.00
应付利息 0 1,298,483.76 -100.00
营业收入变动原因说明：主要系本期景区游客数的减少导致门票、索道、酒店等相关行业收入
减少所致；
营业成本变动原因说明：主要系皇冠假日酒店、西海饭店新近开业、途马新大楼投入使用等使
得折旧同比增加所致；
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黄山旅游发展股份有限公司 2013 年半年度报告
销售费用变动原因说明：主要系本期公司下属全资子公司黄山旅游玉屏房地产开发有限公司的
广告宣传费等增加所致；
管理费用变动原因说明：主要系职工薪酬及税金增加所致;
财务费用变动原因说明：主要系本期公司下属控股子公司黄山市花山谜窟旅游开发有限责任公
司借款利息支出增加所致；
经营活动产生的现金流量净额变动原因说明：主要系本期销售商品、提供劳务收到的现金流减
少所致；
投资活动产生的现金流量净额变动原因说明：主要系本期购建固定资产等所支付的现金减少所
致；
筹资活动产生的现金流量净额变动原因说明：主要系本期因偿还债务所支付的现金增加所致。
投资收益变动原因说明：主要系本期华安证券未有派发 2012 年度现金分红计划所致；
营业外收入变动原因说明：主要系本期收到财政利息补助及房产税、土地使用税税收返还所致；
营业外支出变动原因说明：主要系本期公司的分公司黄山国际大酒店处置主楼装饰相关资产报
废损失所致；
其他应收款变动原因说明：主要系因业务往来等发生的其他应收款增加所致；
在建工程变动原因说明：主要系本期西海大峡谷地面缆车工程及“智慧黄山”网络系统工程等
所致；
应付账款变动原因说明：主要系本期支付结算部分工程款、质保金及旅行社团款等所致；
应付职工薪酬变动原因说明：主要系支付 2012 年度年终奖金等所致；
应交税费变动原因说明：主要系本期缴纳 2012 年相关税费和预缴有关房款税费等所致；
应付股利变动原因说明：主要系本公司下属子公司黄山玉屏客运索道有限责任公司当期利润分
配所致；
长期借款变动原因说明：主要因经营需要，本期增加金融机构贷款融资所致。
应收票据变动原因说明：主要系年初旅行社收到的银行承兑汇票到期已承兑所致；
应付利息变动原因说明：主要系本期调整结转借款利息支出所致；
(二) 行业、产品或地区经营情况分析
1、 主营业务分行业、分产品情况
单位:元 币种:人民币
主营业务分行业情况
营业收入 营业成本 毛利率比
毛利率
分行业 营业收入 营业成本 比上年增 比上年增 上年增减
（％）
减(%) 减(%) （%）
减少 18.88
酒店业务 158,957,629.75 141,271,453.00 11.12 -8.75 15.86
个百分点
减少 1.66
索道业务 145,394,600.00 32,899,468.57 77.37 -13.94 -7.13
个百分点
园林开发 减少 2.57
207,698,269.00 127,327,603.07 38.70 -20.64 -17.16
业务 个百分点
旅游服务 减少 0.81
114,764,724.23 109,109,997.18 4.93 -27.19 -26.56
业务 个百分点
商品房销 减少 0.51
76,779,674.00 50,805,559.26 33.83 287.63 290.64
售 个百分点
2、 主营业务分地区情况
本公司主营业务收入主要集中在黄山市境内。
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黄山旅游发展股份有限公司 2013 年半年度报告
(三) 核心竞争力分析
详见公司 2012 年度报告第四章董事会报告核心竞争力分析部分。报告期内，公司核心竞争力未
发生变化。
(四) 投资状况分析
1、 对外股权投资总体分析
(1) 持有金融企业股权情况
报告期
期初持 期末持 报告期
所持对 最初投资金额 期末账面价 所有者 会计核 股份来
股比例 股比例 损益
象名称 （元） 值（元） 权益变 算科目 源
（%） （%） （元）
动（元）
华安证
券有限 长期股
100,000,000.00 3.53 3.53 31,580,000.00 0 0 出资
责任公 权投资
司
2、 非金融类公司委托理财及衍生品投资的情况
(1) 委托理财情况
本报告期公司无委托理财事项。
(2) 委托贷款情况
本报告期公司无委托贷款事项。
3、 募集资金使用情况
报告期内，公司无募集资金或前期募集资金使用到本期的情况。
4、 主要子公司、参股公司分析
（1）黄山玉屏客运索道有限责任公司(控股公司)：该公司注册资本为 1,900 万元，本公司持有
其 80%股份，主营客运索道运输及工艺美术品销售。截至报告期末该公司净资产总额为 4,631
万元，报告期内实现净利润 3322 万元。
（2）黄山太平索道有限责任公司(控股公司)：该公司注册资本为 698 万美元，本公司持有其 70%
股份，主营客运索道运输及代办售票餐馆购物服务。截至报告期末该公司净资产总额为 5117 万
元，报告期内实现净利润 342 万元。
（3）黄山市花山谜窟旅游开发有限责任公司(控股公司)：该公司于 2000 年 5 月由本公司与黄
山市屯溪花山旅游开发有限公司与共同投资设立，注册资本 100 万元，其中本公司持有 75%的
股权，屯溪花山旅游开发有限公司持有 25%股权。截至报告期末该公司净资产总额为-26 万元，
报告期内公司净亏损 192 万元。
5、 非募集资金项目情况
报告期内，公司无非募集资金投资项目。
二、 利润分配或资本公积金转增预案
(一) 报告期实施的利润分配方案的执行或调整情况
经公司 2012 年度股东大会批准，2012 年度利润分配方案为：
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黄山旅游发展股份有限公司 2013 年半年度报告
以 2012 年末总股本 471,350,000 股为基数，向全体股东按每 10 股分配现金红利 0.30 元（含税），
总共分配 14,140,500 元；上述 B 股股利以美元派发，美元与人民币汇率按 2012 年度股东大会
批准后第一个工作日（2013 年 5 月 20 日）中国人民银行公布的美元兑人民币的中间价计算。
该利润分配方案实施公告刊登于 2013 年 7 月 4 日《上海证券报》和《香港商报》及上海证券交
易所网站。
三、 其他披露事项
(一) 董事会、监事会对会计师事务所“非标准审计报告”的说明
√ 不适用
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黄山旅游发展股份有限公司 2013 年半年度报告
第五节 重要事项
一、 重大诉讼、仲裁和媒体普遍质疑的事项
本报告期公司无重大诉讼、仲裁和媒体质疑事项。
二、 破产重整相关事项
本报告期公司无破产重整相关事项。
三、 资产交易、企业合并事项
√ 不适用
四、 公司股权激励情况及其影响
√ 不适用
五、 重大关联交易
√ 不适用
六、 重大合同及其履行情况
(一) 托管、承包、租赁事项
√ 不适用
(二) 担保情况
√ 不适用
(三) 其他重大合同或交易
本报告期公司无其他重大合同或交易。
七、 承诺事项履行情况
√不适用
八、 上市公司及其董事、监事、高级管理人员、持有 5%以上股份的股东、实际控制人、收购
人处罚及整改情况
本报告期公司及其董事、监事、高级管理人员、持有 5%以上股份的股东、实际控制人均未受中
国证监会的稽查、行政处罚、通报批评及证券交易所的公开谴责。
九、 公司治理情况
报告期内,公司进一步推动了内部控制工作的实施,公司五届董事会第十一次会议审议通过了《公
司债务融资工具信息披露事务管理办法》。目前,公司治理实际情况与《公司法》和中国证监会
相关规定的要求不存在差异。
十、 其他重大事项的说明
(一) 其他
2013 年 1 月 30 日五届董事会第八次会议通过公司短期融资融券议案，会议决议公告刊登于 1
11
黄山旅游发展股份有限公司 2013 年半年度报告
月 31 日的《上海证券报》、《香港商报》和上交所网站。该议案于 2013 年 4 月 16 日提交公司临
时股东大会审议通过，会议决议公告刊登于 2013 年 4 月 17 日的《上海证券报》、《香港商报》
及上交所网站。报告期内，公司短期融资融券业务有序进行。
12
黄山旅游发展股份有限公司 2013 年半年度报告
第六节 股份变动及股东情况
一、 股本变动情况
(一) 股份变动情况表
1、 股份变动情况表
报告期内，公司股份总数及股本结构未发生变化。
2、 股份变动情况说明
报告期内，公司股份总数及股本结构未发生变化。
(二) 限售股份变动情况
报告期内，本公司限售股份无变动情况。
二、 股东情况
(一) 股东数量和持股情况
单位：股
报告期末股东总数 51,975
前十名股东持股情况
股 质押或
持股
东 报告期内 持有有限售条 冻结的
股东名称 比例 持股总数
性 增减 件股份数量 股份数
(%)
质 量
国
有
黄山旅游集团有限公司 41.95 197,730,500 0 197,730,000 无
法
人
其 未
GAOLING FUND,L.P. 2.55 11,995,885 -8,985,441 0
他 知
交通银行－博时新兴成长股票 其 未
1.49 7,024,018 -4,100,000 0
型证券投资基金 他 知
其 未
Golden China Master Fund 1.24 5,862,090 -2,600,997 0
他 知
VALUE PARTNERS CLASSIC 其 未
1.11 5,237,218 5,237,218 0
FUND 他 知
GUOTAI JUNAN
其 未
SECURITIES(HONGKONG) 1.07 5,060,358 -620,361 0
他 知
LIMITED
VALUE PARTNERS HEDGE 其 未
0.84 3,979,378 3,979,378 0
MASTER FUND LIMITED 他 知
其 未
袁赛男 0.79 3,736,357 -106,811 0
他 知
东海证券－建行－东风 3 号集 其 未
0.71 3,339,113 -570,887 0
合资产管理计划 他 知
13
黄山旅游发展股份有限公司 2013 年半年度报告
中国光大证券（香港）有限公 其 未
0.67 3,179,366 3,179,366 0
司 他 知
前十名无限售条件股东持股情况
持有无限售条件股份的数
股东名称 股份种类及数量
量
GAOLING FUND,L.P. 11,995,885 境内上市外资股
交通银行－博时新兴成长股票型证券投
7,024,018 人民币普通股
资基金
Golden China Master Fund 5,862,090 境内上市外资股
VALUE PARTNERS CLASSIC FUND 5,237,218 境内上市外资股
GUOTAI JUNAN
5,060,358 境内上市外资股
SECURITIES(HONGKONG) LIMITED
VALUE PARTNERS HEDGE MASTER
3,979,378 境内上市外资股
FUND LIMITED
袁赛男 3,736,357 境内上市外资股
东海证券－建行－东风 3 号集合资产管
3,339,113 人民币普通股
理计划
中国光大证券（香港）有限公司 3,179,366 境内上市外资股
中国建设银行－华夏红利混合型开放式
3,135,754 人民币普通股
证券投资基金
前 10 名股东中，国有法人股东黄山旅游集团有限公司与其
余 9 名股东之间不存在关联关系，也不属于《上市公司股
东持股变动信息披露管理办法》规定的一致行动人。
上述股东关联关系或一致行动的说明
公司未知前 10 名无限售条件股东之间有无关联关系，也未
知前 10 名无限售条件股东是否属于《上市公司股东持股变
动信息披露管理办法》规定的一致行动人。
前十名有限售条件股东持股数量及限售条件
单位:股
有限售条件股份可上市交易情况
序 有限售条件股东 持有的有限售
可上市交易时 新增可上市交易 限售条件
号 名称 条件股份数量
间 股份数量
截至报告期末，黄
2009 年 2 月 17
22,717,500 山旅游集团持有
日
公司已到期的可
黄山旅游集团有 2010 年 2 月 17
1 197,730,000 22,717,500 上市交易股份尚
限公司 日
未申请解除锁定，
2011 年 2 月 17
152,295,000 该部分股份目前
日
仍为限售股。
三、 控股股东或实际控制人变更情况
本报告期内公司控股股东或实际控制人没有发生变更。
14
黄山旅游发展股份有限公司 2013 年半年度报告
第七节 董事、监事、高级管理人员情况
一、 持股变动情况
(一) 现任及报告期内离任董事、监事和高级管理人员持股变动情况
单位：股
报告期内股份
姓名 职务 期初持股数 期末持股数 增减变动原因
增减变动量
副董事长，总
叶正军 0 10,000 10,000 二级市场买卖
裁
二、 公司董事、监事、高级管理人员变动情况
本报告期内公司无董事、监事、高管人员变动。
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黄山旅游发展股份有限公司 2013 年半年度报告
第八节 财务报告（未经审计）
一、 财务报表
合并资产负债表
2013 年 6 月 30 日
编制单位:黄山旅游发展股份有限公司
单位:元 币种:人民币
项目 附注 期末余额 年初余额
流动资产：
货币资金 219,151,762.27 332,175,542.84
结算备付金
拆出资金
交易性金融资产
应收票据 0.00 292,500.00
应收账款 55,958,789.63 55,092,743.51
预付款项 16,288,741.24 13,407,834.48
应收保费
应收分保账款
应收分保合同准备金
应收利息
应收股利
其他应收款 31,832,497.69 12,441,467.41
买入返售金融资产
存货 880,714,958.08 841,632,693.60
一年内到期的非流动
资产
其他流动资产 1,908,933.39 1,499,709.47
流动资产合计 1,205,855,682.30 1,256,542,491.31
非流动资产：
发放委托贷款及垫款
可供出售金融资产
持有至到期投资
长期应收款
长期股权投资 64,506,123.81 63,998,859.16
投资性房地产 5,182,736.94 5,325,759.84
固定资产 1,698,784,424.16 1,749,398,595.86
在建工程 181,684,072.34 132,027,988.65
工程物资
固定资产清理 9,987.11
生产性生物资产
油气资产
无形资产 80,414,222.34 81,246,837.68
开发支出
16
黄山旅游发展股份有限公司 2013 年半年度报告
商誉
长期待摊费用 48,852,818.95 51,698,817.11
递延所得税资产 34,787,419.51 34,787,419.51
其他非流动资产 4,600,000.00 4,650,000.00
非流动资产合计 2,118,821,805.16 2,123,134,277.81
资产总计 3,324,677,487.46 3,379,676,769.12
流动负债：
短期借款 521,000,000.00 680,000,000.00
向中央银行借款
吸收存款及同业存放
拆入资金
交易性金融负债
应付票据
应付账款 119,696,465.40 207,880,698.74
预收款项 135,684,361.65 143,565,380.56
卖出回购金融资产款
应付手续费及佣金
应付职工薪酬 18,761,428.40 37,604,372.70
应交税费 501,595.08 52,549,466.55
应付利息 1,298,483.76
应付股利 10,095,632.47 3,452,614.29
其他应付款 311,772,510.54 282,308,021.17
应付分保账款
保险合同准备金
代理买卖证券款
代理承销证券款
一年内到期的非流动
负债
其他流动负债
流动负债合计 1,117,511,993.54 1,408,659,037.77
非流动负债：
长期借款 179,124,580.00 19,124,580.00
应付债券
长期应付款 6,863,845.05 6,863,845.05
专项应付款
预计负债
递延所得税负债 1,293,792.39 1,293,792.39
其他非流动负债 24,050,231.25 20,110,231.25
非流动负债合计 211,332,448.69 47,392,448.69
负债合计 1,328,844,442.23 1,456,051,486.46
所有者权益（或股东权
益）：
实收资本（或股本） 471,350,000.00 471,350,000.00
资本公积 131,835,012.55 131,835,012.55
减：库存股
17
黄山旅游发展股份有限公司 2013 年半年度报告
专项储备
盈余公积 234,177,168.91 234,177,168.91
一般风险准备
未分配利润 1,136,187,465.24 1,063,687,545.91
外币报表折算差额
归属于母公司所有者
1,973,549,646.70 1,901,049,727.37
权益合计
少数股东权益 22,283,398.53 22,575,555.29
所有者权益合计 1,995,833,045.23 1,923,625,282.66
负债和所有者权益
3,324,677,487.46 3,379,676,769.12
总计
法定代表人：许继伟 主管会计工作负责人：何益飞 会计机构负责人：何益飞
母公司资产负债表
2013 年 6 月 30 日
编制单位:黄山旅游发展股份有限公司
单位:元 币种:人民币
项目 附注 期末余额 年初余额
流动资产：
货币资金 161,580,074.50 230,854,724.46
交易性金融资产
应收票据
应收账款 31,422,540.51 19,462,692.59
预付款项 2,134,872.17 1,659,976.55
应收利息
应收股利
其他应收款 909,400,812.26 795,656,144.70
存货 16,215,755.71 16,552,709.93
一年内到期的非流动
346,011.61 575,139.90
资产
其他流动资产
流动资产合计 1,121,100,066.76 1,064,761,388.13
非流动资产：
可供出售金融资产
持有至到期投资
长期应收款
长期股权投资 325,849,942.34 325,647,652.41
投资性房地产
固定资产 1,341,029,191.86 1,387,034,692.86
在建工程 142,191,357.87 110,206,637.87
工程物资
固定资产清理
生产性生物资产
油气资产
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黄山旅游发展股份有限公司 2013 年半年度报告
无形资产 80,620,154.16 81,372,829.16
开发支出
商誉
长期待摊费用 22,361,421.24 25,837,933.94
递延所得税资产 32,182,150.86 32,182,150.86
其他非流动资产 200,000.00 200,000.00
非流动资产合计 1,944,434,218.33 1,962,481,897.10
资产总计 3,065,534,285.09 3,027,243,285.23
流动负债：
短期借款 521,000,000.00 680,000,000.00
交易性金融负债
应付票据
应付账款 24,498,288.39 63,910,886.40
预收款项 5,836,705.79 7,031,370.75
应付职工薪酬 14,830,983.17 32,264,757.36
应交税费 1,958,770.60 41,968,593.13
应付利息 1,298,483.76
应付股利
其他应付款 327,648,711.85 254,933,394.46
一年内到期的非流动
负债
其他流动负债
流动负债合计 895,773,459.80 1,081,407,485.86
非流动负债：
长期借款 179,124,580.00 19,124,580.00
应付债券
长期应付款
专项应付款
预计负债
递延所得税负债
其他非流动负债 9,890,231.25 7,210,231.25
非流动负债合计 189,014,811.25 26,334,811.25
负债合计 1,084,788,271.05 1,107,742,297.11
所有者权益（或股东权
益）：
实收资本（或股本） 471,350,000.00 471,350,000.00
资本公积 145,402,880.49 145,402,880.49
减：库存股
专项储备
盈余公积 232,144,034.10 232,144,034.10
一般风险准备
未分配利润 1,131,849,099.45 1,070,604,073.53
所有者权益（或股东权益）
1,980,746,014.04 1,919,500,988.12
合计
负债和所有者权益 3,065,534,285.09 3,027,243,285.23
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黄山旅游发展股份有限公司 2013 年半年度报告
（或股东权益）总计
法定代表人：许继伟 主管会计工作负责人：何益飞 会计机构负责人：何益飞
合并利润表
2013 年 1—6 月
单位:元 币种:人民币
项目 附注 本期金额 上期金额
一、营业总收入 695,444,918.47 748,481,634.40
其中：营业收入 695,444,918.47 748,481,634.40
利息收入
已赚保费
手续费及佣金收入
二、营业总成本 586,218,413.46 564,637,610.17
其中：营业成本 453,726,560.48 443,864,125.20
利息支出
手续费及佣金支出
退保金
赔付支出净额
提取保险合同准备金净额
保单红利支出
分保费用
营业税金及附加 29,125,391.49 28,985,935.64
销售费用 2,588,197.47 1,188,276.28
管理费用 98,680,587.42 89,408,305.88
财务费用 2,097,676.60 1,190,967.17
资产减值损失
加：公允价值变动收益（损失以
“－”号填列）
投资收益（损失以“－”号填
-992,735.35 8,048,323.60
列）
其中：对联营企业和合营企
-992,735.35 48,323.60
业的投资收益
汇兑收益（损失以“－”号填
列）
三、营业利润（亏损以“－”号填列） 108,233,769.66 191,892,347.83
加：营业外收入 4,326,939.73 470,458.22
减：营业外支出 3,223,328.33 172,609.21
其中：非流动资产处置损失 3,052,646.10 95,776.77
四、利润总额（亏损总额以“－”号
109,337,381.06 192,190,196.84
填列）
减：所得税费用 30,486,600.31 43,741,520.05
五、净利润（净亏损以“－”号填列） 78,850,780.75 148,448,676.79
归属于母公司所有者的净利润 72,499,919.33 139,533,530.88
少数股东损益 6,350,861.42 8,915,145.91
20
黄山旅游发展股份有限公司 2013 年半年度报告
六、每股收益：
（一）基本每股收益 0.1538 0.2960
（二）稀释每股收益 0.1538 0.2960
七、其他综合收益
八、综合收益总额
归属于母公司所有者的综合收益
总额
归属于少数股东的综合收益总额
法定代表人：许继伟 主管会计工作负责人：何益飞 会计机构负责人：何益飞
母公司利润表
2013 年 1—6 月
单位:元 币种:人民币
项目 附注 本期金额 上期金额
一、营业收入 394,990,963.28 491,593,428.09
减：营业成本 250,725,042.26 273,694,607.02
营业税金及附加 15,617,261.39 20,668,892.53
销售费用
管理费用 77,003,470.24 72,014,117.17
财务费用 6,132,063.49 16,532,036.67
资产减值损失
加：公允价值变动收益（损失以
“－”号填列）
投资收益（损失以“－”号
26,774,362.65 37,887,957.34
填列）
其中：对联营企业和合营
202,289.93 48,323.60
企业的投资收益
二、营业利润（亏损以“－”号填列） 72,287,488.55 146,571,732.04
加：营业外收入 3,584,503.95 304,563.58
减：营业外支出 3,136,745.49 91,344.01
其中：非流动资产处置损失 3,028,881.02 89,344.01
三、利润总额（亏损总额以“－”号
72,735,247.01 146,784,951.61
填列）
减：所得税费用 11,490,221.09 27,224,248.57
四、净利润（净亏损以“－”号填列） 61,245,025.92 119,560,703.04
五、每股收益：
（一）基本每股收益
（二）稀释每股收益
六、其他综合收益
七、综合收益总额
法定代表人：许继伟 主管会计工作负责人：何益飞 会计机构负责人：何益飞
21
黄山旅游发展股份有限公司 2013 年半年度报告
合并现金流量表
2013 年 1—6 月
单位:元 币种:人民币
项目 附注 本期金额 上期金额
一、经营活动产生的现金
流量：
销售商品、提供劳务
656,343,528.10 814,165,560.38
收到的现金
客户存款和同业存放
款项净增加额
向中央银行借款净增
加额
向其他金融机构拆入
资金净增加额
收到原保险合同保费
取得的现金
收到再保险业务现金
净额
保户储金及投资款净
增加额
处置交易性金融资产
净增加额
收取利息、手续费及
佣金的现金
拆入资金净增加额
回购业务资金净增加
额
收到的税费返还 1,296,700.00
收到其他与经营活动
10,739,635.73 12,000,931.83
有关的现金
经营活动现金流入
668,379,863.83 826,166,492.21
小计
购买商品、接受劳务
264,197,892.98 341,589,991.31
支付的现金
客户贷款及垫款净增
加额
存放中央银行和同业
款项净增加额
支付原保险合同赔付
款项的现金
支付利息、手续费及
佣金的现金
支付保单红利的现金
支付给职工以及为职
107,370,472.86 111,146,904.03
工支付的现金
支付的各项税费 132,553,614.42 146,653,993.31
22
黄山旅游发展股份有限公司 2013 年半年度报告
支付其他与经营活动
139,853,629.77 192,929,915.28
有关的现金
经营活动现金流出
643,975,610.03 792,320,803.93
小计
经营活动产生的
24,404,253.80 33,845,688.28
现金流量净额
二、投资活动产生的现金
流量：
收回投资收到的现金
取得投资收益收到的
现金
处置固定资产、无形
资产和其他长期资产收回 5,220.00 111,965.00
的现金净额
处置子公司及其他营
业单位收到的现金净额
收到其他与投资活动
558,007.69 955,789.75
有关的现金
投资活动现金流入
563,227.69 1,067,754.75
小计
购建固定资产、无形
资产和其他长期资产支付 113,463,381.26 160,393,857.47
的现金
投资支付的现金 1,500,000.00 3,400,000.00
质押贷款净增加额
取得子公司及其他营
业单位支付的现金净额
支付其他与投资活动
155,000.00
有关的现金
投资活动现金流出
114,963,381.26 163,948,857.47
小计
投资活动产生的
-114,400,153.57 -162,881,102.72
现金流量净额
三、筹资活动产生的现金
流量：
吸收投资收到的现金
其中：子公司吸收少
数股东投资收到的现金
取得借款收到的现金 620,000,000.00 510,000,000.00
发行债券收到的现金
收到其他与筹资活动
有关的现金
筹资活动现金流入
620,000,000.00 510,000,000.00
小计
偿还债务支付的现金 619,000,000.00 321,000,000.00
分配股利、利润或偿 24,027,880.80 22,106,154.02
23
黄山旅游发展股份有限公司 2013 年半年度报告
付利息支付的现金
其中：子公司支付给
少数股东的股利、利润
支付其他与筹资活动
有关的现金
筹资活动现金流出
643,027,880.80 343,106,154.02
小计
筹资活动产生的
-23,027,880.80 166,893,845.98
现金流量净额
四、汇率变动对现金及现
金等价物的影响
五、现金及现金等价物净
-113,023,780.57 37,858,431.54
增加额
加：期初现金及现金
332,175,542.84 254,704,507.27
等价物余额
六、期末现金及现金等价
219,151,762.27 292,562,938.81
物余额
法定代表人：许继伟 主管会计工作负责人：何益飞 会计机构负责人：何益飞
母公司现金流量表
2013 年 1—6 月
单位:元 币种:人民币
项目 附注 本期金额 上期金额
一、经营活动产生的现金
流量：
销售商品、提供劳务
441,194,443.75 562,345,688.18
收到的现金
收到的税费返还 1,296,700.00
收到其他与经营活动
6,532,107.55 8,801,408.25
有关的现金
经营活动现金流入
449,023,251.30 571,147,096.43
小计
购买商品、接受劳务
74,982,719.00 102,832,655.32
支付的现金
支付给职工以及为职
80,039,402.33 88,089,164.73
工支付的现金
支付的各项税费 75,957,722.83 106,118,819.13
支付其他与经营活动
191,397,069.66 293,904,907.86
有关的现金
经营活动现金流出
422,376,913.82 590,945,547.04
小计
经营活动产生的
26,646,337.48 -19,798,450.61
现金流量净额
二、投资活动产生的现金
流量：
24
黄山旅游发展股份有限公司 2013 年半年度报告
收回投资收到的现金
取得投资收益收到的
现金
处置固定资产、无形
资产和其他长期资产收回 5,220.00 111,965.00
的现金净额
处置子公司及其他营
业单位收到的现金净额
收到其他与投资活动
397,755.66 794,663.76
有关的现金
投资活动现金流入
402,975.66 906,628.76
小计
购建固定资产、无形
资产和其他长期资产支付 73,296,082.30 111,675,516.96
的现金
投资支付的现金
取得子公司及其他营
业单位支付的现金净额
支付其他与投资活动
82,000.00
有关的现金
投资活动现金流出
73,296,082.30 111,757,516.96
小计
投资活动产生的
-72,893,106.64 -110,850,888.20
现金流量净额
三、筹资活动产生的现金
流量：
吸收投资收到的现金
取得借款收到的现金 620,000,000.00 510,000,000.00
发行债券收到的现金
收到其他与筹资活动
有关的现金
筹资活动现金流入
620,000,000.00 510,000,000.00
小计
偿还债务支付的现金 619,000,000.00 306,000,000.00
分配股利、利润或偿
24,027,880.80 17,161,251.43
付利息支付的现金
支付其他与筹资活动
有关的现金
筹资活动现金流出
643,027,880.80 323,161,251.43
小计
筹资活动产生的
-23,027,880.80 186,838,748.57
现金流量净额
四、汇率变动对现金及现
金等价物的影响
五、现金及现金等价物净
-69,274,649.96 56,189,409.76
增加额
25
黄山旅游发展股份有限公司 2013 年半年度报告
加：期初现金及现金
230,854,724.46 183,790,692.71
等价物余额
六、期末现金及现金等价
161,580,074.50 239,980,102.47
物余额
法定代表人：许继伟 主管会计工作负责人：何益飞 会计机构负责人：何益飞
26
黄山旅游发展股份有限公司 2013 年半年度报告
合并所有者权益变动表
2013 年 1—6 月
单位:元 币种:人民币
本期金额
归属于母公司所有者权益
一
专 般
项目 减： 少数股东权
实收资本（或 项 风 其 所有者权益合计
资本公积 库存 盈余公积 未分配利润 益
股本） 储 险 他
股
备 准
备
一、上年年末
471,350,000.00 131,835,012.55 234,177,168.91 1,063,687,545.91 22,575,555.29 1,923,625,282.66
余额
加：会
计政策变更
前
期差错更正
其
他
二、本年年初
471,350,000.00 131,835,012.55 234,177,168.91 1,063,687,545.91 22,575,555.29 1,923,625,282.66
余额
三、本期增减
变动金额（减
72,499,919.33 -292,156.76 72,207,762.57
少以“－”号
填列）
（一）净利润 72,499,919.33 6,350,861.42 78,850,780.75
（二）其他综
合收益
上述（一）和
72,499,919.33 6,350,861.42 78,850,780.75
（二）小计
27
黄山旅游发展股份有限公司 2013 年半年度报告
（三）所有者
投入和减少
资本
1．所有者投
入资本
2．股份支付
计入所有者
权益的金额
3．其他
（四）利润分
-6,643,018.18 -6,643,018.18
配
1．提取盈余
公积
2．提取一般
风险准备
3．对所有者
（或股东）的 -6,643,018.18 -6,643,018.18
分配
4．其他
（五）所有者
权益内部结
转
1．资本公积
转增资本（或
股本）
2．盈余公积
转增资本（或
股本）
3．盈余公积
弥补亏损
28
黄山旅游发展股份有限公司 2013 年半年度报告
4．其他
（六）专项储
备
1．本期提取
2．本期使用
（七）其他
四、本期期末
471,350,000.00 131,835,012.55 234,177,168.91 1,136,187,465.24 22,283,398.53 1,995,833,045.23
余额
单位:元 币种:人民币
上年同期金额
归属于母公司所有者权益
一
专 般
项目 减： 少数股东权
实收资本（或 项 风 所有者权益合计
资本公积 库存 盈余公积 未分配利润 其他 益
股本） 储 险
股
备 准
备
一、上年年
471,350,000.00 131,835,012.55 212,282,684.99 911,562,786.53 19,237,414.67 1,746,267,898.74
末余额
加
：会计政策
变更
前
期差错更正
其
他
二、本年年
471,350,000.00 131,835,012.55 212,282,684.99 911,562,786.53 19,237,414.67 1,746,267,898.74
初余额
三、本期增 139,533,530.88 1,455,237.48 140,988,768.36
29
黄山旅游发展股份有限公司 2013 年半年度报告
减变动金额
（减少以
“－”号填
列）
（一）净利
139,533,530.88 8,915,145.91 148,448,676.79
润
（二）其他
综合收益
上述（一）
和（二）小 139,533,530.88 8,915,145.91 148,448,676.79
计
（三）所有
者投入和减
少资本
1．所有者投
入资本
2．股份支付
计入所有者
权益的金额
3．其他
（四）利润
-7,459,908.43 -7,459,908.43
分配
1．提取盈余
公积
2．提取一般
风险准备
3．对所有者
（或股东） -7,459,908.43 -7,459,908.43
的分配
4．其他
30
黄山旅游发展股份有限公司 2013 年半年度报告
（五）所有
者权益内部
结转
1．资本公积
转增资本
（或股本）
2．盈余公积
转增资本
（或股本）
3．盈余公积
弥补亏损
4．其他
（六）专项
储备
1．本期提取
2．本期使用
（七）其他
四、本期期
471,350,000.00 131,835,012.55 212,282,684.99 1,051,096,317.41 20,692,652.15 1,887,256,667.10
末余额
法定代表人：许继伟 主管会计工作负责人：何益飞 会计机构负责人：何益飞
母公司所有者权益变动表
2013 年 1—6 月
单位:元 币种:人民币
本期金额
项目 实收资本（或 减：库存 专项储 一般风险
资本公积 盈余公积 未分配利润 所有者权益合计
股本） 股 备 准备
一、上年年末
471,350,000.00 145,402,880.49 232,144,034.10 1,070,604,073.53 1,919,500,988.12
余额
加：会
31
黄山旅游发展股份有限公司 2013 年半年度报告
计政策变更
前
期差错更正
其
他
二、本年年初
471,350,000.00 145,402,880.49 232,144,034.10 1,070,604,073.53 1,919,500,988.12
余额
三、本期增减
变动金额（减
61,245,025.92 61,245,025.92
少以“－”号
填列）
（一）净利润 61,245,025.92 61,245,025.92
（二）其他综
合收益
上述（一）和
61,245,025.92 61,245,025.92
（二）小计
（三）所有者
投入和减少
资本
1．所有者投
入资本
2．股份支付
计入所有者
权益的金额
3．其他
（四）利润分
配
1．提取盈余
公积
2. 提 取 一 般
32
黄山旅游发展股份有限公司 2013 年半年度报告
风险准备
3．对所有者
（或股东）的
分配
4．其他
（五）所有者
权益内部结
转
1．资本公积
转增资本（或
股本）
2．盈余公积
转增资本（或
股本）
3．盈余公积
弥补亏损
4．其他
（六）专项储
备
1．本期提取
2．本期使用
（七）其他
四、本期期末
471,350,000.00 145,402,880.49 232,144,034.10 1,131,849,099.45 1,980,746,014.04
余额
单位:元 币种:人民币
上年同期金额
项目 实收资本（或 减：库存 专项储 一般风险
资本公积 盈余公积 未分配利润 所有者权益合计
股本） 股 备 准备
33
黄山旅游发展股份有限公司 2013 年半年度报告
一、上年年末
471,350,000.00 145,402,880.49 210,249,550.18 939,542,718.27 1,766,545,148.94
余额
加：会
计政策变更
前
期差错更正
其
他
二、本年年初
471,350,000.00 145,402,880.49 210,249,550.18 939,542,718.27 1,766,545,148.94
余额
三、本期增减
变动金额（减
119,560,703.04 119,560,703.04
少以“－”号
填列）
（一）净利润 119,560,703.04 119,560,703.04
（二）其他综
合收益
上述（一）和
119,560,703.04 119,560,703.04
（二）小计
（三）所有者
投入和减少
资本
1．所有者投
入资本
2．股份支付
计入所有者
权益的金额
3．其他
（四）利润分
配
34
黄山旅游发展股份有限公司 2013 年半年度报告
1．提取盈余
公积
2. 提 取 一 般
风险准备
3．对所有者
（或股东）的
分配
4．其他
（五）所有者
权益内部结
转
1．资本公积
转增资本（或
股本）
2．盈余公积
转增资本（或
股本）
3．盈余公积
弥补亏损
4．其他
（六）专项储
备
1．本期提取
2．本期使用
（七）其他
四、本期期末
471,350,000.00 145,402,880.49 210,249,550.18 1,059,103,421.31 1,886,105,851.98
余额
法定代表人：许继伟 主管会计工作负责人：何益飞 会计机构负责人：何益飞
35
黄山旅游发展股份有限公司 2013 年半年度报告
36
黄山旅游发展股份有限公司 2013 年半年度报告
二、 公司基本情况
黄山旅游发展股份有限公司（以下简称"公司"或"本公司"）是由黄山旅游集团有限公司
（以下简称"黄山旅游集团"）以其所属单位的净资产以独家发起的方式于 1996 年 11 月 18
日在中国安徽省黄山市成立的股份有限公司，设立时国有法人股为 113,000,000 股。1996 年
10 月 30 日公司经批准，于 1996 年 11 月 18 日发行境内上市外资股（B 股）80,000,000 股。
1997 年 4 月 17 日经批准，发行境内上市人民币普通股（A 股）40,000,000 股。1999 年 10
月 15 日经公司股东大会决议，公司以资本公积按每 10 股转增 3 股的比例转增股本
69,900,000.00 元（基数为 23,300 万股）。2006 年 10 月 13 日经公司股东大会决议，公司以资
本公积按每 10 股转增 5 股的比例转增股本 151,450,000.00 元（基数为 30,290 万股）。2007
年 7 月 13 日，经中国证监会《关于核准黄山旅游发展股份有限公司非公开发行股票的通知》
（证监发行字【2007】178 号）核准，本公司非公开发行 A 股股票 1700 万股。至此，本公
司的注册资本变更为 471,350,000.00 元，股本增加至 471,350,000.00 元。
公司的 A 股及 B 股均在上海证券交易所上市，股票简称：黄山旅游（A 股）、黄山 B 股（B
股），股票代码：A 股 600054，B 股 900942。
公司经营范围：旅游接待、服务，旅游商品开发、销售，旅游运输、饮食服务（限分支机构
经营）；旅游资源开发，组织举办与旅游相关贸易活动，信息咨询、房地产开发经营及租赁。
三、 公司主要会计政策、会计估计和前期差错：
(一) 财务报表的编制基础：
本公司以持续经营为基础，根据实际发生的交易和事项，按照《企业会计准则》及其应
用指南和准则解释的规定进行确认和计量，在此基础上编制财务报表。
(二) 遵循企业会计准则的声明：
本公司按上述基础编制的财务报表符合《企业会计准则》及其应用指南和准则解释的要
求，真实完整地反映了本公司 2013 年 6 月 30 日的财务状况、2013 年上半年度的经营成果
和现金流量等有关信息。
(三) 会计期间：
本公司会计年度采用公历制，即公历 1 月 1 日至 12 月 31 日为一个会计年度。
(四) 记账本位币：
本公司的记账本位币为人民币。
(五) 同一控制下和非同一控制下企业合并的会计处理方法
(1) 同一控制下的企业合并
本公司在企业合并中取得的资产和负债，按照合并日被合并方的账面价值计量。本公司
取得的净资产账面价值与支付的合并对价账面价值（或发生股份面值总额）的差额，应当调
整资本公积；资本公积不足冲减的，调整留存收益。
(2) 非同一控制下的企业合并
本公司在购买日对合并成本大于合并中取得的被购买方可辨认净资产公允价值份额的
差额，确认为商誉；如果合并成本小于合并中取得的被购买方可辨认净资产公允价值份额的
差额，首先对取得的被购买方的各项可辨认资产、负债及或有负债的公允价值以及合并成本
的计量进行复核，经复核后合并成本仍小于合并中取得的被购买方可辨认净资产公允价值份
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黄山旅游发展股份有限公司 2013 年半年度报告
额的，其差额应当计入当期损益。
(3) 商誉的减值测试
公司对企业合并所形成的商誉，在每年年度终了进行减值测试，减值测试时结合与其相
关的资产组或者资产组组合进行，比较相关资产组或者资产组组合的账面价值（包括所分摊
的商誉的账面价值部分）与其可收回金额，如相关资产组或者资产组组合的可收回金额低于
其账面价值的，确认商誉的减值损失。
(六) 合并财务报表的编制方法：
凡本公司能够控制的子公司以及特殊目的主体（以下简称"纳入合并范围的公司"）都纳
入合并范围；纳入合并范围的公司所采用的会计期间、会计政策与母公司不一致的，已按照
母公司的会计期间、会计政策对其财务报表进行调整；以母公司和纳入合并范围公司调整后
的财务报表为基础，按照权益法调整对纳入合并范围公司的长期股权投资后，由母公司编制；
合并报表范围内母公司与纳入合并范围的公司、纳入合并范围的公司相互之间发生的内部交
易、资金往来在合并时予以抵销。
(七) 现金及现金等价物的确定标准：
现金指企业库存现金及可以随时用于支付的存款。现金等价物指持有的期限短（一般是
指从购买日起三个月内到期）、流动性强、易于转换为已知金额现金、价值变动风险很小的
投资。
(八) 外币业务和外币报表折算：
(1) 本公司外币交易初始确认时采用交易发生日的即期汇率折算为记账本位币。
在资产负债表日，公司按照下列规定对外币货币性项目和外币非货币性项目进行处理：
① 外币货币性项目，采用资产负债表日即期汇率折算。因资产负债表日即期汇率与初始确
认时或前一资产负债表日即期汇率不同而产生的汇兑差额，计入当期损益。
② 以历史成本计量的外币非货币性项目，仍采用交易发生日的即期汇率折算，不改变其记
账本位币金额。
(2) 外币报表折算方法
对企业境外经营财务报表进行折算前先调整境外经营的会计期间和会计政策，使之与企业会
计期间和会计政策相一致，再根据调整后会计政策及会计期间编制相应货币（记账本位币以
外的货币）的财务报表，再按照以下方法对境外经营财务报表进行折算：
① 资产负债表中的资产和负债项目，采用资产负债表日的即期汇率折算，所有者权益项目
除"未分配利润"项目外，其他项目采用发生时的即期汇率折算。
② 利润表中的收入和费用项目，采用交易发生日的即期汇率或即期汇率的近似汇率折算。
③ 产生的外币财务报表折算差额，在编制合并财务报表时，在合并资产负债表中所有者权
益项目下单独作为"外币报表折算差额"项目列示。
(九) 金融工具：
(1) 金融资产划分为以下四类：
① 以公允价值计量且其变动计入当期损益的金融资产
主要是指本公司为了近期内出售而持有的股票、债券、基金以及不作为有效套期工具的
衍生工具。包括交易性金融资产和直接指定为以公允价值计量且其变动计入当期损益的金融
资产。这类资产在初始计量时按照取得时的公允价值作为初始确认金额，相关的交易费用在
发生时计入当期损益。支付的价款中包含已宣告但尚未发放的现金股利或已到付息但尚未领
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黄山旅游发展股份有限公司 2013 年半年度报告
取的债券利息，单独确认为应收项目。在持有期间取得利息或现金股利，确认为投资收益。
资产负债表日，本公司将这类金融资产以公允价值计量且其变动计入当期损益。这类金融资
产在处置时，其公允价值与初始入账金额之间的差额确认为投资收益，同时调整公允价值变
动损益。
② 持有至到期投资
主要是指到期日固定、回收金额固定或可确定，且本公司具有明确意图和能力持有至到
期的国债、公司债券等。这类金融资产按照取得时的公允价值和相关交易费用之和作为初始
确认金额。支付价款中包含的已到付息期但尚未发放的债券利息，单独确认为应收项目。持
有至到期投资在持有期间按照摊余成本和实际利率计算确认利息收入，计入投资收益。处置
持有至到期投资时，将所取得价款与该投资账面价值之间的差额计入投资收益。
③ 应收款项
应收款项包括应收账款和其他应收款等。应收账款是指本公司销售商品或提供劳务形成
的应收款项。应收账款按从购货方应收的合同或协议价款作为初始确认金额。
④ 可供出售金融资产
主要是指本公司没有划分为以公允价值计量且其变动计入当期损益的金融资产、持有至
到期投资、贷款和应收款项的金融资产。可供出售金融资产按照取得该金融资产的公允价值
和相关交易费用之和作为初始确认金额。支付的价款中包含的已到付息期但尚未领取的债券
利息或已宣告但尚未发放的现金股利，单独确认为应收项目。可供出售金融资产持有期间取
得的利息或现金股利计入投资收益。资产负债表日，可供出售金融资产以公允价值计量且公
允价值变动计入资本公积。处置可供出售金融资产时，将取得的价款与该金融资产账面价值
之间差额计入投资收益；同时，将原计入所有者权益的公允价值变动累计额对应处置部分的
金额转出，计入投资收益。
(2) 金融负债在初始确认时划分为以下两类：
① 以公允价值计量且其变动计入当期损益的金融负债，包括交易性金融负债和指定为以公
允价值计量且其变动计入当期损益的金融负债；这类金融负债初始确认时以公允价值计量，
相关交易费用直接计入当期损益，资产负债表日将公允价值变动计入当期损益。
② 其他金融负债，是指以公允价值计量且其变动计入当期损益的金融负债以外的金融负债。
(3) 主要金融资产和金融负债的公允价值确定方法：
① 存在活跃市场的金融资产或金融负债，采用活跃市场中的报价来确定公允价值。
② 金融工具不存在活跃市场的，本公司采用估值技术确定其公允价值。
(4) 金融资产转移
① 已将金融资产所有权上几乎所有的风险和报酬转移给转入方时终止对该项金融资产的确
认。
金融资产整体转移满足终止确认条件的，将下列两项的差额计入当期损益：
A. 所转移金融资产的账面价值。
B. 因转移而收到的对价，与原直接计入所有者权益的公允价值变动累计额之和。
金融资产部分转移满足终止确认条件的，将所转移金融资产整体的账面价值，在终止确认部
分和未终止确认部分之间，按照各自的相对公允价值进行分摊，并将下列两项金额的差额计
入当期损益：
A. 终止确认部分的账面价值。
B. 终止确认部分的对价，与原直接计入所有者权益的公允价值变动累计额中对应终止确认
部分的金额之和。
② 金融资产转移不满足终止确认条件的，继续确认该金融资产，将所收到的对价确认为一
项金融负债。
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黄山旅游发展股份有限公司 2013 年半年度报告
(5) 金融资产减值测试方法及减值准备计提方法
① 本公司在有以下证据表明该金融资产发生减值的，计提减值准备：
A. 发行方或债务人发生严重财务困难。
B. 债务人违反了合同条款，如偿付利息或本金发生违约或逾期等。
C. 债权人出于经济或法律等方面的考虑，对发生财务困难的债务人作出让步。
D. 债务人可能倒闭或进行其他财务重组。
E. 因发行方发生重大财务困难，该金融资产无法在活跃市场继续交易。
F. 无法辨认一组金融资产中的某项资产的现金流量是否已经减少，但根据公开的数据对其
进行总体评价后发现，该组金融资产自初始确认以来的预计未来现金流量确已减少且可计
量。
G. 债务人经营所处的技术、市场、经济或法律环境等发生重大不利变化，使权益工具投资
人可能无法收回投资成本。
H. 权益工具投资的公允价值发生严重或非暂时性下跌。
I. 其他表明金融资产发生减值的客观证据。
② 本公司在资产负债表日分别不同类别的金融资产采取不同的方法进行减值测试，并计提
减值准备：
A. 交易性金融资产：在资产负债表日以公允价值反映，公允价值的变动计入当期损益。
B. 持有至到期投资：在资产负债表日本公司对于持有至到期投资有客观证据表明其发生了
减值的，根据其账面价值与预计未来现金流量现值之间差额计算确认减值损失。
C. 可供出售金融资产：在资产负债表日本公司对可供出售金融资产的减值情况进行分析，
判断该项金融资产公允价值是否持续下降。通常情况下，如果可供出售金融资产的公允价值
发生较大幅度下降，在综合考虑各种相关因素后，预期这种下降趋势属于非暂时性的，可以
认定该可供出售金融资产已发生减值，确认减值损失。可供出售金融资产发生减值的，在确
认减值损失时，将原直接计入所有者权益的公允价值下降形成的累计损失一并转出，计入资
产减值损失。
(十) 应收款项：
1、 单项金额重大并单项计提坏账准备的应收款项：
本公司将 100 万元以上应收款项（包括应收账款、
单项金额重大的判断依据或金额标准
其他应收款）确定为单项金额重大。
对于单项金额重大的应收款项，单独进行减值测
试。有客观证据表明其发生了减值的，根据其未
单项金额重大并单项计提坏账准备的计提方法
来现金流量现值低于其账面价值的差额，确认减
值损失，并据此计提相应的坏账准备。
2、 按组合计提坏账准备应收款项：
确定组合的依据：
组合名称 依据
对单项金额重大单独测试未发生减值的应收款项
以账龄作为信用风险特征的组合 汇同单项金额不重大的应收款项，按款项发生时
间作为信用风险特征组合。
本公司对可以实施控制并纳入合并报表范围内的
子公司应收款项组合
下属子公司的应收款项为信用风险特征组合。
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黄山旅游发展股份有限公司 2013 年半年度报告
按组合计提坏账准备的计提方法：
组合名称 计提方法
以账龄作为信用风险特征的组合 账龄分析法
子公司应收款项组合
组合中，采用账龄分析法计提坏账准备的：
账龄 应收账款计提比例说明 其他应收款计提比例说明
1 年以内（含 1 年） 3% 3%
其中：
2 年以上 100% 100%
1－2 年 50% 50%
3、 单项金额虽不重大但单项计提坏账准备的应收账款：
对单项金额不重大但个别信用风险特征明显不
同，已有客观证据表明其发生了减值的应收款项，
按账龄分析法计提的坏账准备不能反映实际情
单项计提坏账准备的理由
况，本公司单独进行减值测试，根据其未来现金
流量现值低于其账面价值的差额，确认减值损失，
并据此计提相应的坏账准备。
(十一) 存货：
1、 存货的分类
存货是指本公司在日常经营活动中持有以备出售或耗用的商品、物料用品、处在生产（建造）
过程中的在产品等，包括食品及饮料等库存商品、物料及备品备件等周转材料、房地产开发
成本、开发产品等。
2、 发出存货的计价方法
其他
本公司除房地产开发产品以外的存货发出按加权平均法计价，房地产开发产品发出时采
用个别认定法确定实际成本。其中：
① 开发用地的核算方法：购买开发用的土地，根据《土地转让协议书》支付地价款，在办
理产权证后，计入"开发成本－土地征用及拆迁补偿费"中核算。项目整体开发的，待开发房
产竣工后，全部转入开发产品；项目分期开发的，按各期开发产品实际占地面积占开发用土
地总面积的比例分摊计入各期商品房成本。拟在后期开发的土地仍保留在"开发成本－土地
征用及拆迁补偿费"中。
② 公共配套设施费用的核算方法：A.不能有偿转让的公共配套设施：分期开发的项目，公
司将尚未发生的公共配套设施费采用预提的方法在开发成本中计提，待各期开发产品办理竣
工验收后，按各期开发产品占地面积占开发用土地总面积的比例分摊计入各期商品房成本。
整体开发的项目，实际发生的支出计入开发成本－公共配套设施费，待开发房产竣工后，全
部转入商品房成本。B.能有偿转让的公共配套设施：以各配套设施项目独立作为成本核算对
象，归集成本。
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黄山旅游发展股份有限公司 2013 年半年度报告
3、 存货可变现净值的确定依据及存货跌价准备的计提方法
资产负债表日按成本与可变现净值孰低计量，存货成本高于其可变现净值的，计提存货
跌价准备，计入当期损益。
在确定存货的可变现净值时，以取得的可靠证据为基础，并且考虑持有存货的目的、资
产负债表日后事项的影响等因素。
① 产成品、房地产开发产品等直接用于出售的存货，在正常生产经营过程中，以该存货的
估计售价减去估计的销售费用和相关税费后的金额确定其可变现净值。为执行销售合同或者
劳务合同而持有的存货，以合同价格作为其可变现净值的计量基础；如果持有存货的数量多
于销售合同订购数量，超出部分的存货可变现净值以一般销售价格为计量基础。用于出售的
材料等，以市场价格作为其可变现净值的计量基础。
② 需要经过建造或加工的房地产开发成本等存货，在正常生产经营过程中，以所建造或生
产的产成品的估计售价减去至完工时估计将要发生的成本、估计的销售费用和相关税费后的
金额确定其可变现净值。如果用其生产的产成品的可变现净值高于成本，则该存货按成本计
量；如果建造或加工成本的下降表明产成品的可变现净值低于成本，则该存货按可变现净值
计量，按其差额计提存货跌价准备。
③ 存货跌价准备一般按单个存货项目计提；对于数量繁多、单价较低的存货，按存货类别
计提。
④ 资产负债表日如果以前减记存货价值的影响因素已经消失，则减记的金额予以恢复，并
在原已计提的存货跌价准备的金额内转回，转回的金额计入当期损益。
4、 存货的盘存制度
永续盘存制
(十二) 长期股权投资：
1、 投资成本确定
分别下列情况对长期股权投资进行计量
① 企业合并形成的长期股权投资，按照下列规定确定其投资成本：
A. 同一控制下的企业合并，合并方以支付现金、转让非现金资产或承担债务方式作为合并
对价的，在合并日按照取得被合并方所有者权益账面价值的份额作为长期股权投资的初始投
资成本。长期股权投资初始投资成本与支付的现金、转让的非现金资产以及所承担债务账面
价值之间的差额，调整资本公积（股本溢价）；资本公积（股本溢价）的余额不足冲减的，
调整留存收益。
B. 同一控制下的企业合并，合并方以发行权益性证券作为合并对价的，在合并日按照取得
被合并方所有者权益账面价值的份额作为长期股权投资的初始投资成本。按照发行股份的面
值总额作为股本，长期股权投资的初始投资成本与所发行股份面值总额之间的差额，调整资
本公积（股本溢价）；资本公积（股本溢价）不足冲减的，调整留存收益。
C. 非同一控制下的企业合并，以购买日为取得对被购买方的控制权而付出的资产、发生或
承担的负债以及发行的权益性证券的公允价值确定为合并成本作为长期股权投资的初始投
资成本。
② 除企业合并形成的长期股权投资以外，其他方式取得的长期股权投资，按照下列规定确
定其投资成本：
A. 以支付现金取得的长期股权投资，按照实际支付的购买价款作为投资成本。投资成本包
括与取得长期股权投资直接相关的费用、税金及其他必要支出，但实际支付的价款中包含的
已宣告但尚未领取的现金股利，作为应收项目单独核算。
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黄山旅游发展股份有限公司 2013 年半年度报告
B. 以发行权益性证券取得的长期股权投资，按照发行权益性证券的公允价值作为投资成本。
C. 投资者投入的长期股权投资，按照投资合同或协议约定的价值作为投资成本，但合同或
协议约定不公允的除外。
D. 通过非货币性资产交换取得的长期股权投资，如果该项交换具有商业实质且换入资产或
换出资产的公允价值能可靠计量，则以换出资产的公允价值和相关税费作为初始投资成本，
换出资产的公允价值与账面价值之间的差额计入当期损益；若非货币资产交换不同时具备上
述两个条件，则按换出资产的账面价值和相关税费作为初始投资成本。
E. 通过债务重组取得的长期股权投资，按取得的股权的公允价值作为初始投资成本，初始
投资成本与债权账面价值之间的差额计入当期损益。
2、 后续计量及损益确认方法
根据是否对被投资单位具有控制、共同控制或重大影响分别对长期股权投资采用成本法或权
益法核算。
① 采用成本法核算的长期投资，追加或收回投资调整长期股权投资的成本。取得被投资单
位宣告发放的现金股利或利润，除取得投资时实际支付的价款或对价中包含的已宣告但尚未
发放的现金股利或利润外，按照享有被投资单位宣告发放的现金股利或利润确认当期投资收
益。
② 采用权益法核算的长期股权投资，本公司在取得长期股权投资后，在计算投资损益时按
本公司的会计政策及会计期间对被投资单位的财务报表进行调整，在此基础上再抵销本公司
与联营企业及合营企业之间发生的内部交易损益按照应享有或应分担计算归属于本公司的
部分，确认投资损益并调整长期股权投资账面价值。如果本公司取得投资时被投资单位有关
资产、负债的公允价值与其账面价值不同的，后续计量计算归属于投资企业应享有的净利润
或应承担的净亏损时，应考虑被投资单位计提的折旧额、摊销额以及资产减值准备金额等进
行调整。以上调整均考虑重要性原则，在符合下列条件之一的，本公司按被投资单位的账面
净利润为基础，经调整未实现内部交易损益后，计算确认投资损益。
A. 无法合理确定取得投资时被投资单位各项可辨认资产等的公允价值。
B. 投资时被投资单位可辨认资产的公允价值与其账面价值相比，两者之间的差额不具重要
性的。
C. 其他原因导致无法取得被投资单位的有关资料，不能按照准则中规定的原则对被投资单
位的净损益进行调整的。
③ 在权益法下长期股权投资的账面价值减记至零的情况下,如果仍有未确认的投资损失,应
以其他长期权益的账面价值为基础继续确认。如果在投资合同或协议中约定将履行其他额外
的损失补偿义务，还按《企业会计准则第 l3 号--或有事项》的规定确认预计将承担的损失金
额。
④ 按照权益法核算的长期股权投资，投资企业自被投资单位取得的现金股利或利润，抵减
长期股权投资的账面价值。自被投资单位取得的现金股利或利润超过已确认损益调整的部分
视同投资成本的收回，冲减长期股权投资的成本。
3、 确定对被投资单位具有共同控制、重大影响的依据
① 存在以下一种或几种情况时，确定对被投资单位具有共同控制：
A. 任何一个合营方均不能单独控制合营企业的生产经营活动。
B. 涉及合营企业基本经营活动的决策需要各合营方一致同意。
C. 各合营方可能通过合同或协议的形式任命其中的一个合营方对合营企业的日常活动进行
管理,但其必须在各合营方已经一致同意的财务和经营政策范围内行使管理权。当被投资单
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黄山旅游发展股份有限公司 2013 年半年度报告
位处于法定重组或破产中，或者在向投资方转移资金的能力受到严格的长期限制情况下经营
时，通常投资方对被投资单位可能无法实施共同控制。但如果能够证明存在共同控制，合营
各方仍按照长期股权投资准则的规定采用权益法核算。
② 存在以下一种或几种情况时，确定对被投资单位具有重大影响：A.在被投资单位的董事
会或类似权力机构中派有代表。B.参与被投资单位的政策制定过程,包括股利分配政策等的
制定。C.与被投资单位之间发生重要交易。D.向被投资单位派出管理人员。E.向被投资单位
提供关键技术资料。
4、 减值测试方法及减值准备计提方法
本公司在资产负债表日对长期股权投资进行逐项检查，根据被投资单位经营政策、法律
环境、市场需求、行业及盈利能力等的各种变化判断长期股权投资是否存在减值迹象。当长
期股权投资可收回金额低于账面价值时，将可收回金额低于长期股权投资账面价值的差额作
为长期股权投资减值准备予以计提。资产减值损失一经确认，在以后会计期间不再转回。
(十三) 投资性房地产：
投资性房产是指为赚取租金或资本增值，或两者兼有而持有的房地产。主要包括：
(1) 已出租的土地使用权。
(2) 持有并准备增值后转让的土地使用权。
(3) 已出租的建筑物。
本公司采用成本模式对投资性房地产进行后续计量。
本公司对投资性房地产成本减累计减值及净残值后按直线法，按估计可使用年限计算折旧或
摊销，计入当期损益。
资产负债表日按投资性房地产的成本与可收回金额孰低计价，可收回金额低于成本的，按两
者的差额计提减值准备。如果已经计提减值准备的投资性房地产的价值又得以恢复，前期已
计提的减值准备不得转回。
(十四) 固定资产：
1、 固定资产确认条件、计价和折旧方法：
固定资产是指为生产商品、提供劳务、出租或经营管理而持有的，使用年限超过一年，
单位价值较高的有形资产。
固定资产以取得时的实际成本入账，并从其达到预定可使用状态的次月起，采用直线法
(年限平均法)提取折旧。
2、 各类固定资产的折旧方法：
类别 折旧年限（年） 残值率（%） 年折旧率（%）
房屋及建筑物 20-40 3.00 2.43-4.85
机器设备 6-20 3.00 4.85-16.17
电子设备 3-14 3.00 6.93-32.33
运输设备 5-10 3.00 9.70-19.40
索道设备 24 3.00 4.04
其他设备 5-8 3.00 12.13-19.40
3、 固定资产的减值测试方法、减值准备计提方法
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黄山旅游发展股份有限公司 2013 年半年度报告
本公司在资产负债表日对各项固定资产进行判断，当存在减值迹象，估计可收回金额低
于其账面价值时，账面价值减记至可收回金额，减记的金额确认为资产减值损失，计入当期
损益，同时计提相应的资产减值准备。资产减值损失一经确认，在以后会计期间不再转回。
当存在下列迹象的，按固定资产单项项目全额计提减值准备：
① 长期闲置不用，在可预见的未来不会再使用，且已无转让价值的固定资产。
② 由于技术进步等原因，已不可使用的固定资产。
③ 虽然固定资产尚可使用，但使用后产生大量不合格品的固定资产。
④ 已遭毁损，以至于不再具有使用价值和转让价值的固定资产。
⑤ 其他实质上已经不能再给公司带来经济利益的固定资产。
4、 融资租入固定资产的认定依据、计价方法
本公司在租入的固定资产实质上转移了与资产有关的全部风险和报酬时确认该项固定
资产的租赁为融资租赁。融资租赁取得的固定资产的成本，按租赁开始日租赁资产公允价值
与最低租赁付款额现值两者中较低者确定。融资租入的固定资产采用与自有固定资产相一致
的折旧政策计提租赁资产折旧。能够合理确定租赁期届满时将会取得租赁资产所有权的，在
租赁资产使用年限内计提折旧；无法合理确定租赁期届满时能够取得租赁资产所有权的，在
租赁期与租赁资产使用寿命两者中较短的期间内计提折旧。
(十五) 在建工程：
(1) 在建工程类别：
在建工程以立项项目分类核算。
(2) 在建工程结转为固定资产的标准和时点
在建工程项目按建造该项资产达到预定可使用状态前所发生的全部支出，作为固定资产的入
账价值。包括建筑费用、机器设备原价、其他为使在建工程达到预定可使用状态所发生的必
要支出以及在资产达到预定可使用状态之前为该项目专门借款所发生的借款费用及占用的
一般借款发生的借款费用。本公司在工程安装或建设完成达到预定可使用状态时将在建工程
转入固定资产。所建造的已达到预定可使用状态、但尚未办理竣工决算的固定资产，自达到
预定可使用状态之日起，根据工程预算、造价或者工程实际成本等，按估计的价值转入固定
资产，并按本公司固定资产折旧政策计提固定资产的折旧，待办理竣工决算后，再按实际成
本调整原来的暂估价值，但不调整原已计提的折旧额。
(3) 在建工程减值测试方法、计提方法
本公司于资产负债表日对在建工程进行全面检查，如果有证据表明在建工程已经发生了减
值，估计可收回金额低于其账面价值时，账面价值减记至可收回金额，减记的金额确认为资
产减值损失，计入当期损益，同时计提相应的资产减值准备。资产减值损失一经确认，在以
后会计期间不再转回。存在下列一项或若干项情况的，对在建工程进行减值测试：
① 长期停建并且预计在未来 3 年内不会重新开工的在建工程。
② 所建项目无论在性能上，还是在技术上已经落后，并且给企业带来的经济利益具有很大
的不确定性。
③ 其他足以证明在建工程已经发生减值的情形。
(十六) 借款费用:
(1) 借款费用资本化的确认原则和资本化期间
本公司发生的可直接归属于符合资本化条件的资产的购建或生产的借款费用在同时满足下
列条件时予以资本化计入相关资产成本：
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黄山旅游发展股份有限公司 2013 年半年度报告
① 资产支出已经发生。
② 借款费用已经发生。
③ 为使资产达到预定可使用状态所必要的购建或者生产活动已经开始。
其他的借款利息、折价或溢价和汇兑差额，计入发生当期的损益。
符合资本化条件的资产在购建或者生产过程中发生非正常中断，且中断时间连续超过 3 个月
的，暂停借款费用的资本化。
当购建或者生产符合资本化条件的资产达到预定可使用或者可销售状态时，停止其借款费用
的资本化；以后发生的借款费用于发生当期确认为费用。
(2) 借款费用资本化金额的计算方法
为购建或者生产符合资本化条件的资产而借入专门借款的，以专门借款当期实际发生的利息
费用，减去将尚未动用的借款资金存入银行取得的利息收入或者进行暂时性投资取得的投资
收益后的金额，确定为专门借款利息费用的资本化金额。
购建或者生产符合资本化条件的资产占用了一般借款的，一般借款应予资本化的利息金额按
累计资产支出超过专门借款部分的资产支出加权平均数乘以所占用一般借款的资本化率计
算。
(十七) 无形资产：
(1)无形资产的计价方法：按取得时的实际成本入账。
(2)无形资产使用寿命及摊销
①使用寿命有限的无形资产的使用寿命估计情况：
项 目 预计使用寿命 依据
土地使用权 50 年 法定使用权
软件及其他 5年 参考能为公司带来经济利益的期限确定使用寿命
每年年度终了，公司对使用寿命有限的无形资产的使用寿命及摊销方法进行复核。经复核，
本年末无形资产的使用寿命及摊销方法与以前估计未有不同。
②无法预见无形资产为企业带来经济利益期限的，视为使用寿命不确定的无形资产。对于使
用寿命不确定的无形资产，公司在每年年度终了对使用寿命不确定的无形资产的使用寿命进
行复核，如果重新复核后仍为不确定的,于在资产负债表日进行减值测试。当无形资产的可
收回金额低于其账面价值时，将资产的账面价值减记至可收回金额，减记的金额确认为资产
减值损失，计入当期损益，同时计提相无形资产减值准备。无形资产减值损失一经确认，在
以后会计期间不再转回。存在下列一项或多项以下情况的，对无形资产进行减值测试：
A. 该无形资产已被其他新技术等所替代，使其为企业创造经济利益的能力受到重大不利影
响。
B. 该无形资产的市价在当期大幅下跌，并在剩余年限内可能不会回升。
C. 其他足以表明该无形资产的账面价值已超过可收回金额的情况。
③无形资产的摊销
对于使用寿命有限的无形资产，本公司在取得时判定其使用寿命，在使用寿命内系统合理（直
线法/工作量法）摊销，摊销金额按受益项目计入当期损益。具体应摊销金额为其成本扣除
预计残值后的金额。已计提减值准备的无形资产，还应扣除已计提的无形资产减值准备累计
金额，残值为零。但下列情况除外：有第三方承诺在无形资产使用寿命结束时购买该无形资
产或可以根据活跃市场得到预计残值信息，并且该市场在无形资产使用寿命结束时很可能存
在。
对使用寿命不确定的无形资产，不予摊销。每年年度终了对使用寿命不确定的无形资产的使
用寿命进行复核，如果有证据表明无形资产的使用寿命是有限的，估计其使用寿命并在预计
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黄山旅游发展股份有限公司 2013 年半年度报告
使用年限内系统合理摊销。
(3)划分内部研究开发项目的研究阶段和开发阶段具体标准
① 本公司将为进一步开发活动进行的资料及相关方面的准备活动作为研究阶段，无形资产
研究阶段的支出在发生时计入当期损益。
② 在本公司已完成研究阶段的工作后再进行的开发活动作为开发阶段。
③ 开发阶段的支出同时满足下列条件时确认为无形资产：
A.完成该无形资产以使其能够使用或出售在技术上具有可行性。
B.具有完成该无形资产并使用或出售的意图。
C.无形资产产生经济利益的方式，包括能够证明运用该无形资产生产的产品存在市场或无形
资产自身存在市场，无形资产将在内部使用的，能够证明其有用性。
D.有足够的技术、财务资源和其他资源支持，以完成该无形资产的开发，并有能力使用或出
售该无形资产。
E.归属于该无形资产开发阶段的支出能够可靠地计量。
(十八) 长期待摊费用：
长期待摊费用在受益期内平均摊销，其中：经营租赁方式租入的固定资产改良支出，按
最佳预期经济利益实现方式合理摊销。
(十九) 预计负债：
如果与或有事项相关的义务同时符合以下条件，本公司将其确认为预计负债：
(1) 该义务是本公司承担的现时义务。
(2) 该义务的履行很可能导致经济利益流出本公司。
(3) 该义务的金额能够可靠地计量。
预计负债按照履行相关现时义务所需支出的最佳估计数进行初始计量，并综合考虑与或事项
有关的风险、不确定性和货币时间价值等因素。每个资产负债表日对预计负债的账面价值进
行复核。有确凿证据表明该账面价值不能反映当前最佳估计数的，按照当前最佳估计数对该
账面价值进行调整。
(二十) 收入：
(1) 销售商品收入
公司已将商品所有权上的主要风险和报酬转移给购买方；公司既没有保留与所有权相联系的
继续管理权，也没有对已售出的商品实施有效控制；收入的金额能够可靠地计量；相关的经
济利益很可能流入企业；相关的已发生或将发生的成本能够可靠地计量时，确认商品销售收
入实现。其中房地产开发销售收入的确认如下：
公司已将房屋所有权上的重要风险和报酬转移给买方，不再对该房产实施继续管理权和实际
控制权，相关的收入已经收到或取得了收款的证据，并且与销售该房产有关的成本能够可靠
地计量时，确认营业收入的实现。即本公司在房屋竣工并在相关主管部门备案，签定了销售
合同，取得了买方付款证明，开具了发票，办理商品房移交手续时，确认收入的实现。
(2) 提供劳务收入
在资产负债表日提供劳务交易的结果能够可靠估计的，采用完工百分比法确认提供劳务收
入。提供劳务交易的完工进度，依据已经提供的劳务占应提供劳务总量的比例确定。
按照已收或应收的合同或协议价款确定提供劳务收入总额，但已收或应收的合同或协议价款
不公允的除外。资产负债表日按照提供劳务收入总额乘以完工进度扣除以前会计期间累计已
确认提供劳务收入后的金额，确认当期提供劳务收入；同时，按照提供劳务估计总成本乘以
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黄山旅游发展股份有限公司 2013 年半年度报告
完工进度扣除以前会计期间累计已确认劳务成本后的金额，结转当期劳务成本。
在资产负债表日提供劳务交易结果不能够可靠估计的，分别下列情况处理：
① 已经发生的劳务成本预计能够得到补偿的，按照已经发生的劳务成本金额确认提供劳务
收入，并按相同金额结转劳务成本。
② 已经发生的劳务成本预计不能够得到补偿的，将已经发生的劳务成本计入当期损益，不
确认提供劳务收入。
(3) 让渡资产使用权收入
与交易相关的经济利益很可能流入企业，收入的金额能够可靠地计量时，分别下列情况确定
让渡资产使用权收入金额：
① 利息收入金额，按照他人使用本企业货币资金的时间和实际利率计算确定。
② 使用费收入金额，按照有关合同或协议约定的收费时间和方法计算确定。
(二十一) 政府补助：
(1) 范围及分类
公司将从政府无偿取得货币性资产或非货币性资产，但不包括政府作为企业所有者投入的资
本作为政府补助核算。
政府补助分为与资产相关的政府补助和与收益相关的政府补助。
(2) 政府补助的确认条件
公司对能够满足政府补助所附条件且实际收到时，确认为政府补助。
(3) 政府补助的计量
① 政府补助为货币性资产的，按照收到或应收的金额计量；政府补助为非货币性资产的，
按照公允价值计量，公允价值不能可靠取得的，按照名义金额计量。
② 与资产相关的政府补助，确认为递延收益，并在相关资产使用寿命内平均分配，计入当
期损益。但是，以名义金额计量的政府补助，直接计入当期损益。
③ 与收益相关的政府补助，分别下列情况处理：
A. 用于补偿公司以后期间的相关费用或损失的，确认为递延收益，并在确认相关费用的期
间，计入当期损益。
B. 用于补偿公司已发生的相关费用或损失的，计入当期损益。
(二十二) 递延所得税资产/递延所得税负债：
本公司根据资产与负债于资产负债表日的账面价值与计税基础之间的暂时性差异，采用资产
负债表债务法计提递延所得税。
(1) 递延所得税资产的确认
① 对于可抵扣暂时性差异、能够结转以后年度的可抵扣亏损和税款抵减，本公司以很可能
取得用来抵扣可抵扣暂时性差异、可抵扣亏损和税款抵减的未来应纳税所得额为限，确认由
此产生的递延所得税资产。同时具有下列特征的交易中因资产或负债的初始确认所产生的递
延所得税资产不予确认：
A. 该项交易不是企业合并。
B. 交易发生时既不影响会计利润也不影响应纳税所得额（或可抵扣亏损）。
② 本公司对与子公司、联营公司及合营企业投资相关的可抵扣暂时性差异，同时满足下列
条件的，确认相应的递延所得税资产：
A. 暂时性差异在可预见的未来可能转回。
B. 未来很可能获得用来抵扣暂时性差异的应纳税所得额。
C. 本公司对于能够结转以后年度的可抵扣亏损和税款抵减，以很可能获得用来抵扣可抵扣
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黄山旅游发展股份有限公司 2013 年半年度报告
亏损和税款抵减的未来应纳税所得额为限，确认相应的递延所得税资产。
③ 于资产负债表日，本公司对递延所得税资产的账面价值进行复核。如果未来期间很可能
无法获得足够的应纳税所得额用以抵扣递延所得税资产的利益，减记递延所得税资产的账面
价值。在很可能获得足够的应纳税所得额时，减记的金额予以转回。
(2) 递延所得税负债应按各种应纳税暂时性差异确认，同时具有下列特征的交易中因资产或
负债的初始确认所产生的递延所得税负债不予确认：
① 应纳税暂时性差异是在以下交易中产生的：
A. 商誉的初始确认。
B. 具有以下特征的交易中产生的资产或负债的初始确认：该交易不是企业合并，并且交易
发生时既不影响会计利润也不影响应纳税所得额或可抵扣亏损。
② 对于与子公司、合营企业及联营企业投资相关的应纳税暂时性差异，该暂时性差异转回
的时间能够控制并且该暂时性差异在可预见的未来很可能不会转回。
(二十三) 经营租赁、融资租赁：
实质上转移了与资产所有权有关的全部风险和报酬的租赁为融资租赁，除此之外的均为经营
租赁。
(1) 经营租赁
① 本公司作为经营租赁承租人时，将经营租赁的租金支出，在租赁期内各个期间按照直线
法或根据租赁资产的使用量计入当期损益。出租人提供免租期的，本公司将租金总额在不扣
除免租期的整个租赁期内，按直线法或其他合理的方法进行分摊，免租期内确认租金费用及
相应的负债。出租人承担了承租人某些费用的，本公司按该费用从租金费用总额中扣除后的
租金费用余额在租赁期内进行分摊。
初始直接费用，计入当期损益。如协议约定或有租金的在实际发生时计入当期损益。
② 本公司作为经营租赁出租人时，采用直线法将收到的租金在租赁期内确认为收益。出租
人提供免租期的，出租人将租金总额在不扣除免租期的整个租赁期内，按直线法或其他合理
的方法进行分配，免租期内出租人也确认租金收入。承担了承租人某些费用的，本公司按该
费用自租金收入总额中扣除后的租金收入余额在租赁期内进行分配。
初始直接费用，计入当期损益。金额较大的予以资本化，在整个经营租赁期内按照与确认租
金收入相同的基础分期计入当期损益。如协议约定或有租金的在实际发生时计入当期收益。
(2) 融资租赁
① 本公司作为融资租赁承租人时，在租赁期开始日，将租赁开始日租赁资产公允价值与最
低租赁付款额现值两者中较低者作为租入资产的入账价值，将最低租赁付款额作为长期应付
款的入账价值，其差额作为未确认融资费用。在租赁期内各个期间采用实际利率法进行分摊，
确认为当期融资费用，计入财务费用。
发生的初始直接费用，计入租入资产价值。
在计提融资租赁资产折旧时，本公司采用与自有应折旧资产相一致的折旧政策，折旧期间以
租赁合同而定。如果能够合理确定租赁期届满时本公司将会取得租赁资产所有权，以租赁期
开始日租赁资产的寿命作为折旧期间；如果无法合理确定租赁期届满后本公司是否能够取得
租赁资产的所有权，以租赁期与租赁资产寿命两者中较短者作为折旧期间。
② 本公司作为融资租赁出租人时，于租赁期开始日将租赁开始日最低租赁应收款额与初始
直接费用之和作为应收融资租赁款的入账价值，计入资产负债表的长期应收款，同时记录未
担保余值；将最低租赁应收款额、初始直接费用及未担保余值之和与其现值之和的差额作为
未实现融资收益，在租赁期内各个期间采用实际利率法确认为租赁收入，计入租赁收入/业
务业务收入。
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黄山旅游发展股份有限公司 2013 年半年度报告
(二十四) 主要会计政策、会计估计的变更
1、 会计政策变更
无
2、 会计估计变更
无
(二十五) 前期会计差错更正
1、 追溯重述法
无
2、 未来适用法
无
四、 税项：
(一) 主要税种及税率
税种 计税依据 税率
增值税 应税销售额 13%、17%
营业税 3%、5% 3%、5%
城市维护建设税 5%、7% 5%、7%
企业所得税 应纳税所得额 25%
教育费附加 应纳流转税额 3%
地方教育费附加 应纳流转税额 2%
房产税 应税房产原值、应税租赁收入 1.2%、12%
（1）公司园林门票按营业收入的 3%缴纳；
（2）公司索道和酒店业务按营业收入的 5%缴纳；
（3）公司旅行社按营业收入扣除代旅游者支付给其他单位的房餐费、交通费和其他费用后
余额的 5%缴纳。
五、 企业合并及合并财务报表
(一) 子公司情况
1、 通过设立或投资等方式取得的子公司
单位:万元 币种:人民币
实质上构
子公司 业务 注册 期末实际 成对子公
子公司全称 注册地 经营范围
类型 性质 资本 出资额 司净投资
项目余额
黄山玉屏客
黄山市 索道 客运索道运输；工艺美术品销
运索道有限 控股 1,900.00 2,734.13 -
风景区 运输 售。
责任公司
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黄山旅游发展股份有限公司 2013 年半年度报告
为国内外游客提供上、下风景
黄山太平索 黄山市 索道 697.50 区缆车交通，经营旅游团组客
控股 5,451.09 -
道有限公司 风景区 运输 （美元） 运业务；代办售票、餐饮及购
物服务
入境旅游服务；出境旅游服务；
黄山海外旅 黄山市 旅游 内旅游服务；信息咨询服务；
全资 289.00 289.00 -
行社 屯溪区 服务 工艺美术品、字画、电脑销售、
日用百货。
黄山市途马 景区旅游网上销售系统的研发
旅游电子商 黄山市 旅游 及推广；旅游产品的网上销售，
控股 500.00 495.00 -
务有限责任 屯溪区 服务 提供票务、酒店、旅游线路、
公司 自助自驾旅游咨询服务。
黄山市花山
旅游接待、服务（不含住宿）；
谜窟旅游开 黄山市 景点
控股 100.00 旅游商品开发、销售；饮食服 300.00 -
发有限责任 屯溪区 开发
务；旅游资源开发。
公司
黄山徽文化
黄山市 旅游 旅游接待、服务；旅游纪念品
旅游开发有 控股 336.80 235.79 -
屯溪区 服务 开发、销售。
限责任公司
黄山皮蓬文 广告代理、策划、设计、发布、
黄山市 旅游
化发展有限 控股 500.00 制作，营销策划，旅游信息咨 450.00 -
屯溪区 服务
责任公司 询。
黄山中海假
黄山市 旅游 国内旅游业务；工艺美术品、
日旅行社有 控股 100.00 51.00 -
屯溪区 服务 纪念品零售。
限公司
黄山中海会
黄山市 旅游 会议展览、服务，旅游服务（不
议展览服务 全资 10.00 10.00 -
屯溪区 服务 含旅行社业务）。
有限公司
黄山市黄山 国际航线或港、澳、台航线的
航空旅游服 黄山市 旅游
全资 180.00 航空客运销售代理业务；国内 180.00 -
务有限责任 屯溪区 服务
航线航空客运销售代理业务。
公司
黄山旅游莲 酒店管理与咨询，旅游商品开
黄山市 酒店
花酒店管理 全资 100.00 发、销售，旅游资源开发，组 100.00 -
屯溪区 管理 织举办与旅游相关的贸易活
有限公司
动。
黄山旅游玉
黄山市 房地产
屏房地产开 全资 20,000.00 房地产开发经营、房地产租赁。 20,000.00 -
屯溪区 开发
发有限公司
黄山老徽商 酒店用品、旅游纪念品、工艺
黄山市 商贸
旅游商贸有 全资 50.00 美术品销售；经营：饮料、酒 50.00 -
屯溪区 经营 类、粮油、土特产、副食品；
限公司
信息咨询服务。
许可经营项目：餐饮服务（含
北京徽商故 凉菜、不含裱花蛋糕、不含生
北京市 餐饮
里餐饮管理 控股 500.00 食海产品）。一般经营项目： 465.20 -
东城区 管理
有限公司 餐饮管理；信息咨询（不含中
介服务）；会议服务；组织文
化艺术交流。
黄山途马国 国内、入境旅游业务（凭有效
黄山市 旅游
际旅行社有 全资 30.00 许可证经营）；工艺美术品销 30.00 -
屯溪区 服务
限责任公司 售；代订车、船票、酒店服务。
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黄山旅游发展股份有限公司 2013 年半年度报告
黄山市玉屏
黄山市 物业 物业管理及相关业务咨询、家
物业管理有 全资 50.00 50.00 -
屯溪区 管理 政服务。
限公司
许可经营项目：餐饮服务（含
北京徽商情 凉菜、不含裱花蛋糕、不含生
北京市 餐饮 食海产品）。一般经营项目：
餐饮管理有 全资 30.00 30.00 -
西城区 服务 企业管理；经济信息咨询；会
限公司
议服务；组织文化艺术交流活
动。
（续表）
从母公司所有者权
从归属母公
少数股东权 益冲减子公司少数
表决权 是否 司当期损益
持股比例 少数股 益中用于冲 股东分担的本期亏
子公司全称 比例 合并 中扣减少数
(%) 东权益 减少数股东 损超过少数股东在
(%) 报表 股东承担的
损益的金额 该子公司期初所有
超额亏损
者权益中所享有份
黄山玉屏客 额后的余额
运索道有限 80.00 80.00 是 926.29 - - -
责任公司
黄山太平索
70.00 70.00 是 1,535.11 - - -
道有限公司
黄山海外旅
100.00 100.00 是 - - - -
行社
黄山市途马
旅游电子商
99.00 99.00 是 12.52 0.02 - -
务有限责任
公司
黄山市花山
谜窟旅游开
75.00 75.00 是 -25.69 67.42 - -
发有限责任
公司
黄山徽文化
旅游开发有 70.00 70.00 是 19.93 1.56 - -
限责任公司
黄山皮蓬文
化发展有限 90.00 90.00 是 23.56 - - -
责任公司
黄山中海假
日旅行社有 51.00 51.00 是 -61.98 47.74 - -
限公司
黄山中海会
议展览服务 100.00 100.00 是 - - - -
有限公司
黄山市黄山
航空旅游服
100.00 100.00 是 - - - -
务有限责任
公司
黄山旅游莲
花酒店管理 100.00 100.00 是 - - - -
有限公司
52
黄山旅游发展股份有限公司 2013 年半年度报告
黄山旅游玉
屏房地产开 100.00 100.00 是 - - - -
发有限公司
黄山老徽商
旅游商贸有 100.00 100.00 是 - - - -
限公司
北京徽商故
里餐饮管理 93.04 93.04 是 -180.00 11.78 - -
有限公司
黄山途马国
际旅行社有 100.00 100.00 是 - - - -
限责任公司
黄山市玉屏
物业管理有 100.00 100.00 是 - - - -
限公司
北京徽商情
餐饮管理有 100.00 100.00 是 - - - -
限公司
2、 同一控制下企业合并取得的子公司
单位:万元 币种:人民币
实质上
子公司 业务 注册 期末实际 构
子公司全称 注册地 经营范围
类型 性质 资本 出资额 成对子
公
住宿、餐饮；食品、饮料、烟、 司净投
黄山西海饭 资
黄山市 酒店 酒、字画、旅游纪念品零售；
店有限责任 控股 222.60 5,646.53 -
风景区 经营 卡拉 OK 歌舞厅、桑拿按摩、
公司 额
美容美发。
（续表）
从母公司所有者权
从归属母公 益冲减子公司少数
少数股东权益
表决权 是否 司当期损益 股东分担的本期亏
持股比例 少数股 中用于冲减少
子公司全称 比例 合并 中扣减少数 损超过少数股东在
(%) 东权益 数股东损益的
(%) 报表 股东承担的 该子公司期初所有
金额
超额亏损 者权益中所享有份
额后的余额
黄山西海饭
店有限责任 94.00 94.00 是 -21.41 3.80 - -
公司
3、 非同一控制下企业合并取得的子公司
单位:万元 币种:人民币
实质上
子公司 业务 注册 期末实际 构
子公司全称 注册地 经营范围
类型 性质 资本 出资额 成对子
公
司净投
资
53 项目余
额
黄山旅游发展股份有限公司 2013 年半年度报告
入境旅游业务；国内旅游业务；
黄山市中国 黄山市 旅游
全资 295.00 工艺美术品、导游图销售，餐 338.51 -
旅行社 屯溪区 服务
饮服务，酒零售。
入境旅游业务、国内旅游业务；
黄山中国国 黄山市 旅游
全资 150.00 外语资料翻译、旅游纪念品、 370.30 -
际旅行社 屯溪区 服务
工艺品零售。
（续表）
从母公司所有者权
从归属母公 益冲减子公司少数
少数股东权益
表决权 是否 少数 司当期损益 股东分担的本期亏
持股比例 中用于冲减少
子公司全称 比例 合并 股东 中扣减少数 损超过少数股东在
(%) 数股东损益的
(%) 报表 权益 股东承担的 该子公司期初所有
金额
超额亏损 者权益中所享有份
额后的余额
黄山市中国
100.00 100.00 是 - - - -
旅行社
黄山中国国
100.00 100.00 是 - - - -
际旅行社
(二) 合并范围发生变更的说明
北京徽商情餐饮管理有限公司系由本公司于 2013 年 3 月出资 30 万元投资设立的有限责
任公司，该公司注册资本 30 万元，本公司持股比例 100%。本期将北京徽商情餐饮管理有
限公司纳入报表合并范围。
(三) 本期新纳入合并范围的主体和本期不再纳入合并范围的主体
1、 本期新纳入合并范围的子公司、特殊目的主体、通过受托经营或承租等方式形成控制
权的经营实体
单位:元 币种:人民币
名称 期末净资产 本期净利润
北京徽商情餐饮管理有限公司 -117,821.91 -117,821.91
六、 合并财务报表项目注释
(一) 货币资金
单位：元
期末数 期初数
项目
外币金额 折算率 人民币金额 外币金额 折算率 人民币金额
现金： / / 1,858,662.49 / / 1,080,895.07
人民币 / / 1,844,281.71 / / 1,066,228.93
美元 2,299.70 6.1787 14,209.16 2,305.00 6.2855 14,488.07
日元 521.71 0.0626 32.66 500.00 0.0730 36.52
台币 152.76 0.2050 31.32 150.00 0.2139 32.09
港元 135.14 0.7966 107.64 135.00 0.8109 109.46
54
黄山旅游发展股份有限公司 2013 年半年度报告
银行存款： / / 216,986,735.70 / / 331,094,647.77
人民币 / / 216,984,980.95 / / 331,092,862.70
美元 284.00 6.1787 1,754.75 284.00 6.2855 1,785.07
其他货币资
/ / 306,364.08 / /
金：
合计 / / 219,151,762.27 / / 332,175,542.84
(二) 应收票据：
1、 应收票据分类
单位：元 币种：人民币
种类 期末数 期初数
银行承兑汇票 0.00 292,500.00
合计 0.00 292,500.00
(三) 应收账款:
1、 应收账款按种类披露：
单位：元 币种：人民币
期末余额
种 类 账面余额 坏账准备
金额 比例(%) 金额 计提率（%）
单项金额重大并单项计提坏账准备的
- - - -
应收账款
按组合计提坏账准备的应收账款 67,192,000.84 96.70 12,360,025.71 18.40
其中：以账龄作为信用风险特征的组合 67,192,000.84 96.70 12,360,025.71 18.40
单项金额虽不重大但单项计提坏账准
2,295,389.39 3.30 1,168,574.89 50.91
备的应收账款
合 计 69,487,390.23 100.00 13,528,600.60 19.47
（续上表）
年初余额
种 类 账面余额 坏账准备
金额 比例(%) 金额 计提率（%）
单项金额重大并单项计提坏账准备的
- - - -
应收账款
按组合计提坏账准备的应收账款 66,335,428.72 96.66 12,369,499.71 18.65
其中：以账龄作为信用风险特征的组合 66,335,428.72 96.66 12,369,499.71 18.65
单项金额虽不重大但单项计提坏账准
2,295,389.39 3.34 1,168,574.89 50.91
备的应收账款
55
黄山旅游发展股份有限公司 2013 年半年度报告
合 计 68,630,818.11 100.00 13,538,074.60 19.73
组合中，按账龄分析法计提坏账准备的应收账款：
单位：元 币种：人民币
期末余额 年初余额
账 龄 账面余额 账面余额
坏账准备 坏账准备
金额 比例(%) 金额 比例(%)
1 年以内 54,105,199.11 80.52 1,169,344.50 54,179,568.20 81.68 1,608,973.87
1至2年 3,792,241.05 5.64 1,896,120.53 2,790,669.39 4.21 1,395,334.71
2 年以上 9,294,560.68 13.84 9,294,560.68 9,365,191.13 14.11 9,365,191.13
合 计 67,192,000.84 100.00 12,360,025.71 66,335,428.72 100.00 12,369,499.71
期末单项金额虽不重大但单项计提坏账准备的应收账款
单位：元 币种：人民币
单位名称 账面余额 坏账金额 计提比例(%) 计提理由
黄山市政府接待办 377,784.23 157,925.64 41.80 预计部分无法收回
黄山市旅游委员会 218,175.98 122,903.04 56.33 预计部分无法收回
黄山中青旅中山国际旅行社 149,951.80 18,157.90 12.11 预计部分无法收回
其他零星客户 1,549,477.38 869,588.31 56.12 预计部分无法收回
合 计 2,295,389.39 1,168,574.89 50.91 -
2、 本报告期应收账款中持有公司 5%(含 5%)以上表决权股份的股东单位情况
本报告期应收账款中无持有公司 5%(含 5%)以上表决权股份的股东单位的欠款。
3、 应收账款金额前五名单位情况
单位：元 币种：人民币
占应收账款总额
单位名称 与本公司关系 金额 年限
的比例（％）
黄山风景区管理
关联方 14,516,104.27 3 年以内 20.89
委员会
黄山徽州旅游总
非关联方 2,344,097.04 3 年以上 3.37
公司
黄山市政府 非关联方 1,342,623.94 3 年以上 1.93
黄山天下网络有
非关联方 1,295,902.40 1 年以内 1.86
限公司
安徽省国泰国际
非关联方 762,936.00 1 年以内 1.10
旅行社有限公司
合计 / 20,261,663.65 / 29.15
56
黄山旅游发展股份有限公司 2013 年半年度报告
4、 应收关联方账款情况
单位：元 币种：人民币
占应收账款总额的比例
单位名称 与本公司关系 金额
（％）
黄山风景区管理委员会 母公司股东 14,516,104.27 20.89
合计 / 14,516,104.27 20.89
(四) 其他应收款：
1、 其他应收款按种类披露：
单位：元 币种：人民币
期末余额
种 类 账面余额 坏账准备
金额 比例(%) 金额 计提率(%)
单项金额重大并单项计提坏账准备的
- - - -
其他应收款
按组合计提坏账准备的其他应收款 54,883,953.45 100.00 23,051,455.76 42.00
其中：以账龄作为信用风险特征的组合 54,883,953.45 100.00 23,051,455.76 42.00
单项金额虽不重大但单项计提坏账准
- - - -
备的其他应收款
合 计 54,883,953.45 100.00 23,051,455.76 42.00
（续上表）
年初余额
种 类 账面余额 坏账准备
金额 比例(%) 金额 计提率(%)
单项金额重大并单项计提坏账准备的
- - - -
其他应收款
按组合计提坏账准备的其他应收款 35,492,923.17 100.00 23,051,455.76 64.95
其中：以账龄作为信用风险特征的组合 35,492,923.17 100.00 23,051,455.76 64.95
单项金额虽不重大但单项计提坏账准
- - - -
备的其他应收款
合 计 35,492,923.17 100.00 23,051,455.76 64.95
组合中，按账龄分析法计提坏账准备的其他应收账款：
单位：元 币种：人民币
期末数 期初数
账龄 账面余额 账面余额
坏账准备 坏账准备
金额 比例(%) 金额 比例(%)
57
黄山旅游发展股份有限公司 2013 年半年度报告
1 年以内
其中：
1 年以内 30,410,250.22 55.40 146,118.73 10,576,214.60 29.80 319,950.50
1 年以内
30,410,250.22 55.40 146,118.73 10,576,214.60 29.80 319,950.50
小计
1至2年 3,136,732.40 5.72 1,568,366.20 4,370,406.67 12.31 2,185,203.36
2 年以上 21,336,970.83 38.88 21,336,970.83 20,546,301.90 57.89 20,546,301.90
合计 54,883,953.45 100.00 23,051,455.76 35,492,923.17 100.00 23,051,455.76
2、 本报告期其他应收款中持有公司 5%(含 5%)以上表决权股份的股东单位情况
本报告期其他应收账款中无持有公司 5%(含 5%)以上表决权股份的股东单位的欠款。
3、 其他应收款金额前五名单位情况
单位：元 币种：人民币
与本公司 占其他应收款
单位名称 金额 账龄
关联关系 总额比例(%)
黄山市房地产管理局 非关联方 4,207,574.75 5 年以内 7.67
北京中时太平商业管理有限公司 非关联方 4,110,546.82 5 年以内 7.49
齐云山管委会 非关联方 3,201,974.20 5 年以上 5.83
中集建设集团有限公司 非关联方 2,068,007.54 1 年以内 3.77
安徽省警钟消防安全工程有限公司 非关联方 2,000,000.00 1 年以内 3.64
合 计 - 15,588,103.31 - 28.40
(五) 预付款项：
1、 预付款项按账龄列示
单位：元 币种：人民币
期末数 期初数
账龄
金额 比例(%) 金额 比例(%)
1 年以内 15,618,218.24 95.88 12,889,480.36 96.13
1至2年 447,653.90 2.75 179,057.20 1.34
2至3年 156,835.00 0.96 47,571.97 0.35
3 年以上 66,034.10 0.41 291,724.95 2.18
合计 16,288,741.24 100.00 13,407,834.48 100.00
本公司预付账款构成主要为工程项目预付款等，账龄超过 1 年的预付账款主要系未结算的工
程款和结算尾款。
2、 预付款项金额前五名单位情况
单位：元 币种：人民币
单位名称 与本公司关系 金额 时间 未结算原因
安徽省鑫达设备
成套进出口有限 非关联方 2,881,500.00 1 年以内 未到期
公司
南京广龙厨具工
非关联方 1,512,609.00 1 年以内 未到期
程有限公司
喜临门家具股份 非关联方 1,481,474.00 1 年以内 未到期
58
黄山旅游发展股份有限公司 2013 年半年度报告
有限公司
安徽海峰建设工
非关联方 1,140,000.00 1 年以内 工程未结束
程有限公司
贵州茅台酒销售
非关联方 1,056,612.00 1 年以内 未到期
有限公司
合计 / 8,072,195.00 / /
3、 本报告期预付款项中持有公司 5%(含 5%)以上表决权股份的股东单位情况
本报告期预付账款中无持有公司 5%(含 5%)以上表决权股份的股东单位的欠款。
4、 预付款项的说明：
预付账款期末余额较年初增加 21.49%，主要系本期新增的部分工程项目预付款未支付结算
所致。
(六) 存货：
1、 存货分类
单位：元 币种：人民币
期末数 期初数
项目
账面余额 跌价准备 账面价值 账面余额 跌价准备 账面价值
库存商
120,216,995.30 252,598.67 119,964,396.63 138,652,863.54 252,598.67 138,400,264.87
品
周转材
25,692,841.30 25,692,841.30 27,668,811.49 27,668,811.49
料
开发成
735,057,720.15 735,057,720.15 675,563,617.24 675,563,617.24
本
合计 880,967,556.75 252,598.67 880,714,958.08 841,885,292.27 252,598.67 841,632,693.60
2、 存货跌价准备
单位：元 币种：人民币
本期减少
存货种类 期初账面余额 本期计提额 期末账面余额
转回 转销
库存商品 252,598.67 252,598.67
合计 252,598.67 252,598.67
3、 存货跌价准备情况
计提存货跌价准备的 本期转回存货跌价准备的 本期转回金额占该项存货期
项目
依据 原因 末余额的比例（％）
库存商品 成本低于可变现净值
(七) 其他流动资产：
单位：元 币种：人民币
项目 期末数 期初数
供暖费及其他 19,749.99 254,449.76
房租费 1,789,927.10 1,029,870.11
待抵扣进项税 215,389.60
保险费 41,666.00
物料摊销 57,590.30
59
黄山旅游发展股份有限公司 2013 年半年度报告
合计 1,908,933.39 1,499,709.47
(八) 对合营企业投资和联营企业投资:
单位：万元 币种：人民币
本企业在
本企业持
被投资单 被投资单 期末资产 期末负债 期末净资 本期营业
股比例 本期净利润
位名称 位表决权 总额 总额 产总额 收入总额
(%)
比例(%)
一、合营企业
二、联营企业
长春净月
潭游乐有
20.00 20.00 3,139.43 -13.86 3,153.29 451.23 101.14
限责任公
司
黄山第一
站公众信
30.00 30.00 269.82 1.17 268.65 -31.49
息服务有
限公司
中国国旅
（安徽）
国际旅行 34.00 34.00 956.83 102.34 854.49 738.29 -305.40
社有限公
司
黄山龙骧
文化传播 30.00 30.00 98.97 98.97 0.22 -1.03
有限公司
黄山中景
汇合商务
60.00 60.00 209.13 18.98 190.15 -9.85
服务有限
公司
(九) 长期股权投资:
1、 长期股权投资情况
单位：元 币种：人民币
投资单位 核算方法 投资成本 年初余额 增减变动 期末余额 注
黄山市黄河宾馆 成本法 1,440,000.00 1,399,008.20 - 1,399,008.20 -
黄山温泉风景区联
成本法 23,666,174.48 22,553,923.77 - 22,553,923.77 -
合旅游管理有限公
司
华安证券有限责任
成本法 100,000,000.00 100,000,000.00 - 100,000,000.00 -
公司
长春净月潭游乐有
权益法 5,926,036.00 6,064,471.95 202,289.93 6,266,761.88 -
限责任公司
黄山第一站公众信
权益法 900,000.00 895,192.43 -94,471.19 800,721.24 -
息服务有限公司
中国国旅（安徽）
权益法 3,400,000.00 2,905,271.01 -1,038,346.10 1,866,924.91 -
国际旅行社有限公
司 60
黄山旅游发展股份有限公司 2013 年半年度报告
黄山龙骧文化传播
权益法 300,000.00 - 296,921.40 296,921.40 *1
有限公司
黄山中景汇合商务
成本法 1,200,000.00 - 1,140,870.61 1,140,870.61 *2
服务有限公司
合 计 - 136,832,210.48 133,817,867.36 507,264.65 134,325,132.01 -
(续上表)
在被投资 在被投资单 在被投资单位持 本期计
减值 本期现
被投资单位 单位持股 位表决权的 股比例与表决权 提减值
准备 金红利
比例(%) 比例(%) 比例不一致说明 准备
黄山市黄河宾馆 23.22 23.22 一致 1,399,008.20 - -
黄山温泉风景区联
30.00 30.00 一致 - - -
合旅游管理有限公
司
华安证券有限责任
3.53 3.53 一致 68,420,000.00 - -
公司
长春净月潭游乐有
20.00 20.00 一致 - - -
限责任公司
黄山第一站公众信
30.00 30.00 一致 - - -
息服务有限公司
中国国旅（安徽）
34.00 34.00 一致 - - -
国际旅行社有限公
司
黄山龙骧文化传播
30.00 30.00 一致 - - -
有限公司
黄山中景汇合商务
60.00 60.00 一致 - - -
服务有限公司
合 计 - - - 69,819,008.20 - -
注*1：2013年3月，本公司下属控股子公司黄山市途马旅游电子商务有限责任公司和南
京迈鼎信息技术有限公司共同出资设立黄山龙骧文化传播有限公司，被投资公司注册资本
100万元，黄山市途马旅游电子商务有限责任公司出资30万元，持股比例30%，本公司按权
益法核算该项长期股权投资。
注*2：2013年4月，本公司下属控股子公司黄山市途马旅游电子商务有限责任公司和渤
海易生控股有限公司共同出资设立黄山中景汇合商务服务有限公司，被投资公司注册资本
500万元，双方发起人以货币方式分批出资，其中：黄山市途马旅游电子商务有限责任公司
出资300万元，持股比例60%，首批共同出资总额200万元。截至本期末，黄山市途马旅游电
子商务有限责任公司首批出资额为120万元，本公司按成本法核算该项长期股权投资。
(十) 投资性房地产:
1、 按成本计量的投资性房地产
单位：元 币种：人民币
项目 期初账面余额 本期增加额 本期减少额 期末账面余额
一、账面原值合计 5,897,851.44 5,897,851.44
1.房屋、建筑物 5,897,851.44 5,897,851.44
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黄山旅游发展股份有限公司 2013 年半年度报告
2.土地使用权
二、累计折旧和累
572,091.60 143,022.90 715,114.50
计摊销合计
1.房屋、建筑物 572,091.60 143,022.90 715,114.50
2.土地使用权
三、投资性房地产
5,325,759.84 143,022.90 5,182,736.94
账面净值合计
1.房屋、建筑物 5,325,759.84 143,022.90 5,182,736.94
2.土地使用权
四、投资性房地产
减值准备累计金
额合计
1.房屋、建筑物
2.土地使用权
五、投资性房地产
5,325,759.84 143,022.90 5,182,736.94
账面价值合计
1.房屋、建筑物 5,325,759.84 143,022.90 5,182,736.94
2.土地使用权
本期折旧和摊销额：143,022.90 元。
未办妥产权 预计办结产权
项 目 账面原值 账面价值
证书原因 证书时间
玉屏滨江会所 5,897,851.44 5,182,736.94 正在办理 2013 年
合 计 5,897,851.44 5,182,736.94 - -
(十一) 固定资产:
1、 固定资产情况
单位：元 币种：人民币
项目 期初账面余额 本期增加 本期减少 期末账面余额
一、账面原值合
2,394,718,363.39 12,257,460.02 35,900,120.45 2,371,075,702.96
计：
其中：房屋及建筑
1,791,504,823.59 5,415,139.57 35,002,216.95 1,761,917,746.21
物
机器设备 172,468,317.31 2,295,046.40 44,408.50 174,718,955.21
运输工具 29,402,361.99 972,625.00 681,040.00 29,693,946.99
索道设备 222,645,120.71 222,645,120.71
通讯设备 3,008,918.32 3,008,918.32
其他设备 175,688,821.47 3,574,649.05 172,455.00 179,091,015.52
本期新
本期计提
增
二、累计折旧合
641,331,237.49 54,652,955.84 27,681,444.57 668,302,748.76
计：
其中：房屋及建筑 337,191,971.88 35,122,521.63 26,932,055.49 345,382,438.02
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黄山旅游发展股份有限公司 2013 年半年度报告
物
机器设备 96,556,958.72 7,839,015.99 38,992.38 104,356,982.33
运输工具 19,429,455.45 1,374,630.35 547,715.26 20,256,370.54
索道设备 113,943,193.91 4,538,615.38 118,481,809.29
通讯设备 2,988,793.94 20,445.64 14,804.72 2,994,434.86
其他设备 71,220,863.59 5,757,726.85 147,876.72 76,830,713.72
三、固定资产账面
1,753,387,125.90 / / 1,702,772,954.20
净值合计
其中：房屋及建筑
1,454,312,851.71 / / 1,416,535,308.19
物
机器设备 75,911,358.59 / / 70,361,972.88
运输工具 9,972,906.54 / / 9,437,576.45
索道设备 108,701,926.80 / / 104,163,311.42
通讯设备 20,124.38 / / 14,483.46
其他设备 104,467,957.88 / / 102,260,301.80
四、减值准备合计 3,988,530.04 / / 3,988,530.04
其中：房屋及建筑
126,048.00 / / 126,048.00
物
机器设备 / /
运输工具 / /
索道设备 3,862,482.04 / / 3,862,482.04
通讯设备 / /
其他设备 / /
五、固定资产账面
1,749,398,595.86 / / 1,698,784,424.16
价值合计
其中：房屋及建筑
1,454,186,803.71 / / 1,416,409,260.19
物
机器设备 75,911,358.59 / / 70,361,972.88
运输工具 9,972,906.54 / / 9,437,576.45
索道设备 104,839,444.76 / / 100,300,829.38
通讯设备 20,124.38 / / 14,483.46
其他设备 104,467,957.88 / / 102,260,301.80
本期折旧额：54,652,955.84 元。
本期由在建工程转入固定资产原价为：90,341.60 元。
(十二) 在建工程：
1、 在建工程情况
单位：元 币种：人民币
期末数 期初数
项目
账面余额 减值准备 账面净值 账面余额 减值准备 账面净值
在建工程 181,684,072.34 132,027,988.65
2、 重大在建工程项目变动情况：
单位：元 币种：人民币
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黄山旅游发展股份有限公司 2013 年半年度报告
预算数 本期减少 工程投入占
转入 预算比例
项目名称 年初余额 本期增加 本期其他减 期末余额
固定 （％）
少
资产
西 海 大 峡 120,000,000.00
谷地面缆 103,290,929.27 22,009,725.11 - - 104.42 125,300,654.38
车工程
智 慧 黄 山 39,500,000
-网站系 21,034,513.88 8,251,903.13 - - 74.14 29,286,417.01
统工程
黄 山 垃 圾 6,700,000
集中中转 5,621,361.60 2,687,917.00 - 100,000.00 122.53 8,209,278.60
工程
景点道路
620,136.90 442,870.00 - - 1,063,006.90
工程
北海宾馆
宿舍改造 - 3,054,611.57 - - 3,054,611.57
工程
太平索道
环境整治 - 3,761,107.00 - - 3,761,107.00
工程
北京徽商
- 3,028,223.00 - - 3,028,223.00
情工程
徽商故里
大酒店改 - 2,712,655.10 - - 2,712,655.10
造工程
玉屏索道
改线扩建 - 1,316,047.90 - - 1,316,047.90
工程
其他工程 1,461,047.00 4,942,500.24 90,341.60 2,361,134.76 3,952,070.88
合 计 132,027,988.65 52,207,560.05 90,341.60 2,461,134.76 181,684,072.34
(十三) 无形资产：
1、 无形资产情况：
单位：元 币种：人民币
项目 期初账面余额 本期增加 本期减少 期末账面余额
一、账面原值合计 117,781,210.50 31,274.64 117,812,485.14
其中：土地使用权 110,833,122.50 110,833,122.50
软件及其他 6,948,088.00 31,274.64 6,979,362.64
二、累计摊销合计 36,534,372.82 863,889.98 37,398,262.80
其中：土地使用权 34,606,399.57 582,746.14 35,189,145.71
软件及其他 1,927,973.25 281,143.84 2,209,117.09
三、无形资产账面 81,246,837.68 -832,615.34 80,414,222.34
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黄山旅游发展股份有限公司 2013 年半年度报告
净值合计
其中：土地使用权 76,226,722.93 -582,746.14 75,643,976.79
软件及其他 5,020,114.75 -249,869.20 4,770,245.55
四、减值准备合计
五、无形资产账面
81,246,837.68 -832,615.34 80,414,222.34
价值合计
其中：土地使用权 76,226,722.93 -582,746.14 75,643,976.79
软件及其他 5,020,114.75 -249,869.20 4,770,245.55
本期摊销额：863,889.98 元。
(十四) 长期待摊费用:
单位：元 币种：人民币
项目 期初额 本期增加额 本期摊销额 其他减少额 期末额
道路改造 11,655,877.18 482,685.00 2,223,554.12 9,915,008.06
景区修缮费 3,060,838.98 597,394.03 473,834.14 3,184,398.87
老景区整修
及新景点开 8,959,760.62 508,690.84 1,181,020.42 8,287,431.04
发支出
装潢改造 18,173,165.17 5,346,959.91 5,021,455.42 18,498,669.66
其 他 9,849,175.16 373,377.00 1,255,240.84 8,967,311.32
合计 51,698,817.11 7,309,106.78 10,155,104.94 48,852,818.95
(十五) 递延所得税资产/递延所得税负债：
1、 递延所得税资产和递延所得税负债不以抵销后的净额列示
(1) 已确认的递延所得税资产和递延所得税负债
单位：元 币种：人民币
项目 期末数 期初数
递延所得税资产：
应收账款坏账准备 2,904,859.45 2,904,859.45
其他应收款坏账准备 3,573,830.21 3,573,830.21
存货跌价准备 63,149.67 63,149.67
长期股权投资减值准备 17,454,752.05 17,454,752.05
固定资产账面价值小于计税
基础
无形资产账面价值小于计税
10,235,518.74 10,235,518.74
基础
递延收益 402,557.81 402,557.81
其他不能税前扣除的流动负
152,751.58 152,751.58
债
小计 34,787,419.51 34,787,419.51
递延所得税负债：
固定资产折旧 1,293,792.39 1,293,792.39
小计 1,293,792.39 1,293,792.39
(2) 应纳税差异和可抵扣差异项目明细
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黄山旅游发展股份有限公司 2013 年半年度报告
单位：元 币种：人民币
项目 金额
应纳税差异项目：
固定资产折旧 5,175,169.56
小计 5,175,169.56
可抵扣差异项目：
应收账款坏账准备 11,619,437.81
其他应收款坏账准备 14,295,320.83
存货跌价准备 252,598.68
长期股权投资减值准备 69,819,008.20
固定资产账面价值小于计税基础
无形资产账面价值小于计税基础 40,942,074.96
递延收益 1,610,231.24
其他不能税前扣除的流动负债 611,006.32
小计 139,149,678.04
(十六) 资产减值准备明细:
单位：元 币种：人民币
本期减少
项目 期初账面余额 本期增加 期末账面余额
转回 转销
一、坏账准备 36,589,530.36 9,474.00 36,580,056.36
二、存货跌价准
252,598.67 252,598.67
备
三、可供出售金
融资产减值准备
四、持有至到期
投资减值准备
五、长期股权投
69,819,008.20 69,819,008.20
资减值准备
六、投资性房地
产减值准备
七、固定资产减
3,988,530.04 3,988,530.04
值准备
八、工程物资减
值准备
九、在建工程减
值准备
十、生产性生物
资产减值准备
其中：成熟生产
性生物资产减值
准备
十一、油气资产
减值准备
十二、无形资产
减值准备
十三、商誉减值
准备
十四、其他
合计 110,649,667.27 9,474.00 110,640,193.27
(十七) 其他非流动资产：
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黄山旅游发展股份有限公司 2013 年半年度报告
单位：元 币种：人民币
项目 期末数 期初数
旅游局保证金 4,600,000.00 4,650,000.00
合计 4,600,000.00 4,650,000.00
(十八) 短期借款：
1、 短期借款分类：
单位：元 币种：人民币
项目 期末数 期初数
信用借款 521,000,000.00 680,000,000.00
合计 521,000,000.00 680,000,000.00
(十九) 应付账款：
1、 应付账款情况
单位：元 币种：人民币
项目 期末数 期初数
1 年以内 109,748,874.18 198,353,255.17
1至2年 3,833,735.40 5,790,113.93
2至3年 4,578,070.88 1,674,366.89
3 年以上 1,535,784.94 2,062,962.75
合计 119,696,465.40 207,880,698.74
2、 本报告期应付账款中应付持有公司 5%(含 5%)以上表决权股份的股东单位或关联方的
款项情况
本报告期应付账款中无应付持有公司 5%(含 5%)以上表决权股份的股东单位或关联方的
款项。
(二十) 预收账款：
1、 预收账款情况
单位：元 币种：人民币
项目 期末数 期初数
1 年以内 111,998,630.07 119,252,279.72
1至2年 22,436,253.62 23,056,365.98
2至3年 1,143,768.00 1,094,893.30
3 年以上 105,709.96 161,841.56
合计 135,684,361.65 143,565,380.56
2、 本报告期预收款项中预收持有公司 5%(含 5%)以上表决权股份的股东单位或关联方情
况：
本报告期预收账款中无预收持有公司 5%(含 5%)以上表决权股份的股东单位或关联方的
款项。
(二十一) 应付职工薪酬
单位：元 币种：人民币
项目 期初账面余额 本期增加 本期减少 期末账面余额
一、工资、奖金、津贴和补贴 32,822,025.78 94,392,984.81 110,957,356.94 16,257,653.65
二、职工福利费 7,900,639.71 7,709,054.88 191,584.83
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黄山旅游发展股份有限公司 2013 年半年度报告
三、社会保险费 224,349.66 16,444,449.62 16,259,118.10 409,681.18
其中：医疗保险费 94,519.62 3,735,620.20 3,744,207.20 85,932.62
养老保险费 112,636.79 11,063,425.68 10,872,370.68 303,691.79
失业保险费 8,413.76 847,522.25 847,522.24 8,413.77
工伤保险费 2,137.06 395,158.73 391,364.57 5,931.22
生育保险费 6,642.43 402,722.76 403,653.41 5,711.78
四、住房公积金 3,246,321.97 5,946,188.00 8,970,435.00 222,074.97
五、辞退福利
六、其他
5.工会经费 357,398.43 871,835.52 575,164.31 654,069.64
6.职工教育经费 954,276.86 576,130.70 504,043.43 1,026,364.13
7.非货币性福利 318,541.05 318,541.05
合计 37,604,372.70 126,450,769.41 145,293,713.71 18,761,428.40
(二十二)应交税费：
单位：元 币种：人民币
项目 期末数 期初数
增值税 86,580.92 15,118.57
营业税 -797,124.64 -3,195,930.80
企业所得税 1,810,013.18 55,938,301.50
个人所得税 -158,767.33 79,567.02
城市维护建设税 -219,857.84 -223,593.81
房产税 198,151.75 300,231.42
土地使用税 -62,128.65 4,143.72
教育费附加 -86,132.74 -123,929.79
蔬菜基金 644,501.01 590,757.70
水利基金 94,138.01 41,104.14
印花税 537.47 20,298.33
土地增值税 -1,151,540.56 -1,039,825.95
契 税 143,224.50 143,224.50
合计 501,595.08 52,549,466.55
(二十三) 应付利息：
单位：元 币种：人民币
项目 期末数 期初数
银行借款利息 1,298,483.76
合计 1,298,483.76
(二十四) 应付股利：
单位：元 币种：人民币
单位名称 期末数 期初数 超过 1 年未支付原因
中旅景区投资有限公司 10,095,632.47 3,452,614.29 未超 1 年
合计 10,095,632.47 3,452,614.29 /
应付股利期末余额较年初增加 192.41%，系本公司下属子公司黄山玉屏客运索道有限责任公
司当期利润分配所致。
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黄山旅游发展股份有限公司 2013 年半年度报告
(二十五) 其他应付款：
1、 其他应付款情况
单位：元 币种：人民币
项目 期末数 期初数
1 年以内 212,367,975.22 205,786,723.69
1至2年 40,725,938.41 31,916,793.45
2至3年 22,259,860.82 13,671,788.90
3 年以上 36,418,736.09 30,932,715.13
合计 311,772,510.54 282,308,021.17
2、 本报告期其他应付款中应付持有公司 5%(含 5%)以上表决权股份的股东单位或关联方
情况
单位：元 币种：人民币
单位名称 期末数 期初数
黄山旅游集团有限公司 92,433,324.94 77,202,223.06
黄山风景区管理委员会 147,169,436.94 125,885,413.61
合计 239,602,761.88 203,087,636.67
3、 账龄超过 1 年的大额其他应付款情况的说明
账龄超过 1 年的大额其他应付款主要系本公司下属经营单位自黄山旅游集团有限公司取得
的借款。
4、 对于金额较大的其他应付款，应说明内容
单位名称 期末余额 款项性质 账龄
黄山风景区管理委员会 147,169,436.94 门票分成款等 3 年以内
黄山旅游集团有限公司 92,433,324.94 景区建设基金等 3 年以内
黄山天海招待所 4,298,286.59 代收款 3 年以内
中集建设集团有限公司 3,380,000.00 工程质保金 3 年以上
北京威迪亚科贸有限公司 2,854,154.00 借 款 3 年以上
合 计 250,135,202.47 - -
(二十六) 长期借款：
1、 长期借款分类：
单位：元 币种：人民币
项目 期末数 期初数
信用借款 179,124,580.00 19,124,580.00
合计 179,124,580.00 19,124,580.00
2、 金额前五名的长期借款：
单位：元 币种：人民币
借款起始 借款终止 期末数 期初数
贷款单位 币种 利率（％）
日 日 本币金额 本币金额
中国农业银行黄 2012 年 10 2017 年 10
人民币 6.40 6,500,000.00 6,500,000.00
山风景区支行 月 19 日 月 18 日
中国农业银行黄 2012 年 12 2017 年 12
人民币 6.40 10,000,000.00 10,000,000.00
山风景区支行 月 20 日 月 19 日
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黄山旅游发展股份有限公司 2013 年半年度报告
中国建设银行黄 2013 年 5 2016 年 5
人民币 5.97 160,000,000.00
山风景区支行 月 30 日 月 29 日
合计 / / / / 176,500,000.00 16,500,000.00
(二十七) 长期应付款：
1、 金额前五名长期应付款情况
单位：元 币种：人民币
单位 初始金额 利率（%） 应计利息 期末余额
普佳（香港）有限
6,863,845.05 6,863,845.05
公司
(二十八) 其他非流动负债：
单位：元 币种：人民币
项目 期末账面余额 期初账面余额
递延收益 24,050,231.25 20,110,231.25
合计 24,050,231.25 20,110,231.25
(二十九) 股本：
单位：万元 币种：人民币
本次变动增减（+、-）
期初数 公积金转 期末数
发行新股 送股 其他 小计
股
股 份 总
47,135.00 47,135.00
数
(三十) 资本公积：
单位：元 币种：人民币
项目 期初数 本期增加 本期减少 期末数
资本溢价（股本溢价） 130,111,199.21 130,111,199.21
其他资本公积 1,723,813.34 1,723,813.34
合计 131,835,012.55 131,835,012.55
(三十一) 盈余公积：
单位：元 币种：人民币
项目 期初数 本期增加 本期减少 期末数
法定盈余公积 234,177,168.91 234,177,168.91
合计 234,177,168.91 234,177,168.91
(三十二) 未分配利润：
单位：元 币种：人民币
项目 金额 提取或分配比例（％）
调整前 上年末未分配利润 1,063,687,545.91 /
调整后 年初未分配利润 1,063,687,545.91 /
加：本期归属于母公司所有者的
72,499,919.33 /
净利润
减：提取法定盈余公积 /
应付普通股股利 /
70
黄山旅游发展股份有限公司 2013 年半年度报告
期末未分配利润 1,136,187,465.24 /
(三十三) 营业收入和营业成本：
1、 营业收入、营业成本
单位：元 币种：人民币
项目 本期发生额 上期发生额
主营业务收入 695,039,118.47 747,781,574.40
其他业务收入 405,800.00 700,060.00
营业成本 453,726,560.48 443,864,125.20
2、 主营业务（分行业）
单位：元 币种：人民币
本期发生额 上期发生额
行业名称
营业收入 营业成本 营业收入 营业成本
酒店业务 158,957,629.75 141,271,453.00 174,206,762.39 121,937,208.95
索道业务 145,394,600.00 32,899,468.57 168,936,930.00 35,423,620.91
园林开发业务 207,698,269.00 127,327,603.07 261,715,276.85 153,706,920.01
旅游服务业务 114,764,724.23 109,109,997.18 157,612,524.61 148,572,705.18
承包业务 4,870,634.48 2,710,869.30
商品房销售 76,779,674.00 50,805,559.26 19,807,516.00 13,005,801.01
其他业务 11,465,257.54 10,505,434.96 10,423,699.74 8,504,438.76
各业务分部间相
-24,891,670.53 -18,624,835.01 -47,632,004.49 -41,133,928.35
互抵销
合计 695,039,118.47 453,294,681.03 747,781,574.40 440,016,766.47
3、 公司前五名客户的营业收入情况
单位：元 币种：人民币
客户名称 营业收入 占公司全部营业收入的比例（％）
黄山风景区管理委员会 6,303,626.86 0.91
黄山市中青国际旅行社有限公
5,202,129.00 0.75
司
黄山市诚信旅行社有限公司 4,026,767.00 0.58
黄山快乐之旅国际旅行社有限
3,708,031.00 0.53
公司
金色假期国际旅行社 3,568,465.00 0.51
合计 22,809,018.86 3.28
(三十四) 营业税金及附加：
单位：元 币种：人民币
项目 本期发生额 上期发生额 计缴标准
营业税 24,602,944.97 25,641,085.84 3%、5%
城市维护建设税 1,305,619.32 1,379,003.02 5%、7%
教育费附加 1,184,890.48 1,330,748.98 2%、3%
土地增值税 2,031,936.72 635,097.80
合计 29,125,391.49 28,985,935.64 /
(三十五) 销售费用
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黄山旅游发展股份有限公司 2013 年半年度报告
单位：元 币种：人民币
项目 本期发生额 上期发生额
办公费 6,375.00 8,418.00
差旅费 71,386.50 7,256.20
服装费 41,390.00
广告宣传费 1,656,517.00 502,401.00
劳动保护费 5,980.56 4,390.00
水电费 76.18 557.00
物料消耗 12,951.00 2,901.00
样板房设计装修 20,000.00
业务招待费 22,317.00 7,869.00
邮电费 3,333.20 1,017.40
折旧费 6,515.06 7,381.62
职工薪酬 514,990.88 434,876.06
福利费 50,228.83
租赁费 3,000.00
其 他 214,526.26 169,819.00
合计 2,588,197.47 1,188,276.28
(三十六) 管理费用
单位：元 币种：人民币
项目 本期发生额 上期发生额
办公费 1,672,455.41 1,455,511.04
保险费 690,310.31 1,590,640.28
差旅费 2,260,359.40 2,736,741.99
递延、无形资产摊销 3,077,980.85 2,771,339.17
董事会费 229,289.50 235,509.00
服装费 635,991.24 715,892.24
劳动保护费 1,685,113.05 1,295,199.27
离退休人员费用 1,799,602.86 2,474,384.45
排污及绿化费用 216,965.00 109,476.50
汽车费用 2,310,859.14 1,976,845.47
水电费 2,554,727.03 2,470,348.31
税金 12,288,207.04 7,454,256.00
物料消耗 1,102,255.62 2,708,152.08
修理费 868,626.59 1,079,782.55
业务宣传费 7,422,908.10 4,913,317.03
会务费 17,100.00
综合服务费 2,700,000.00 2,700,000.00
业务招待费 1,914,807.64 1,980,921.99
邮电费 1,310,290.19 1,337,762.98
折旧 8,425,798.72 6,797,263.14
职工薪酬 41,548,176.19 40,074,436.59
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黄山旅游发展股份有限公司 2013 年半年度报告
中介机构服务费 1,836,841.42 616,824.56
租赁费 684,090.32 513,980.66
其 他 1,444,931.80 1,382,620.58
合计 98,680,587.42 89,408,305.88
(三十七) 财务费用
单位：元 币种：人民币
项目 本期发生额 上期发生额
利息支出 1,082,349.54 231,291.67
利息收入 -513,898.30 -811,536.72
汇兑损失 315.68 1.08
汇兑收益 -66.43
银行手续费 1,528,909.68 1,771,277.57
合计 2,097,676.60 1,190,967.17
(三十八) 投资收益：
1、 投资收益明细情况：
单位：元 币种：人民币
本期发生额 上期发生额
成本法核算的长期股权投资收益 -59,129.39 8,000,000.00
权益法核算的长期股权投资收益 -933,605.96 48,323.60
合计 -992,735.35 8,048,323.60
2、 按成本法核算的长期股权投资收益：
单位：元 币种：人民币
被投资单位 本期发生额 上期发生额 本期比上期增减变动的原因
华安证券有限责任公司 8,000,000.00 本期未派发现金分红
黄山中景汇合商务服务
-59,129.39 按成本法确认
有限公司
合计 -59,129.39 8,000,000.00 /
3、 按权益法核算的长期股权投资收益：
单位：元 币种：人民币
被投资单位 本期发生额 上期发生额 本期比上期增减变动的原因
长春净月潭游乐有限责
202,289.93 48,323.60 按权益法确认
任公司
黄山第一站公众信息服
-94,471.19 按权益法确认
务有限公司
中国国旅（安徽）国际旅
-1,038,346.10 按权益法确认
行社有限公司
黄山龙骧文化传播有限
-3,078.60 按权益法确认
公司
合计 -933,605.96 48,323.60 /
(三十九) 营业外收入：
1、 营业外收入情况
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黄山旅游发展股份有限公司 2013 年半年度报告
单位：元 币种：人民币
计入当期非经常性损益
项目 本期发生额 上期发生额
的金额
非流动资产处置利得合
20,988.30 83,423.58 20,988.30
计
其中：固定资产处置利
20,988.30 83,423.58 20,988.30
得
政府补助 3,746,900.00 57,000.00 3,746,900.00
罚款、违约金收入 275,160.00 5,855.00 275,160.00
其他 283,891.43 324,179.64 283,891.43
合计 4,326,939.73 470,458.22 4,326,939.73
2、 政府补助明细
单位：元 币种：人民币
项目 本期发生额 上期发生额 说明
黄山区财政局绿色饭店
2,000.00
奖
可再生能源建筑应用示
范项目装修专项补助资 55,000.00
金
房产税、土地使用税返
1,296,700.00
还
财政利息补助 2,000,000.00
旅游奖励 450,200.00
合计 3,746,900.00 57,000.00 /
营业外收入本期发生额较上年同期增加 819.73%，主要系本期收到财政利息补助及房产
税、土地使用税税收返还所致。
(四十) 营业外支出：
单位：元 币种：人民币
计入当期非经常性损益
项目 本期发生额 上期发生额
的金额
非流动资产处置损失合
3,052,646.10 95,776.77 3,052,646.10
计
其中：固定资产处置损
3,052,646.10 95,776.77 3,052,646.10
失
对外捐赠 1,000.00
罚款支出 8,559.71 6,350.19 8,559.71
赔偿款 68,446.80 17,430.00 68,446.80
其他 93,675.72 52,052.25 93,675.72
合计 3,223,328.33 172,609.21 3,223,328.33
营业外支出本期发生额较上年同期增加 1767.41%，主要系本期公司的分公司黄山国际
大酒店处置主楼装饰相关资产报废损失所致。
(四十一) 基本每股收益和稀释每股收益的计算过程：
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黄山旅游发展股份有限公司 2013 年半年度报告
(1) 基本每股收益
基本每股收益的计算 2013 年 1-6 月 2012 年 1-6 月
P0 归属于公司普通股股东的净利润 72,499,919.33 139,533,530.88
P0 归属于公司普通股股东的净利润（扣除非经常性损益） 71,666,877.38 139,308,575.81
S0 期初股份总数 471,350,000.00 471,350,000.00
S1 报告期因公积金转增股本或股票股利分配等增加股份数 - -
Si 报告期因发行新股或债转股等增加股份数 - -
Sj 报告期因回购等减少股份数 - -
Sk 报告期缩股数 - -
M0 报告期月份数 6 6
Mi 增加股份次月起至报告期年末的累计月数 - -
Mj 减少股份次月起至报告期年末的累计月数 - -
S 发行在外的普通股加权平均数 471,350,000.00 471,350,000.00
基本每股收益（归属于公司普通股股东的净利润） 0.1538 0.2960
基本每股收益（扣除非经常性损益后归属于公司普通股股东的
0.1520 0.2956
净利润）
基本每股收益=P0/S
S=S0＋S1＋Si×Mi÷M0–Sj×Mj÷M0-Sk
(2) 稀释每股收益
本公司不存在具有稀释性潜在普通股的情况，稀释每股收益与基本每股收益一致。
2013 年 1-6 月 2012 年 1-6 月
报告期利润
基本每股收益 稀释每股收益 基本每股收益 稀释每股收益
归属于公司普通股股东
0.1538 0.1538 0.2960 0.2960
的净利润
扣除非经常性损益后归
属于公司普通股股东的 0.1520 0.1520 0.2956 0.2956
利润
基本每股收益=P0÷S
S=S0＋S1＋Si×Mi÷M0–Sj×Mj÷M0-Sk
其中：P0 为归属于公司普通股股东的净利润或扣除非经常性损益后归属于普通股股东的净
利润；S 为发行在外的普通股加权平均数；S0 为期初股份总数；S1 为报告期因公积金转增
股本或股票股利分配等增加股份数；Si 为报告期因发行新股或债转股等增加股份数；Sj 为
报告期因回购等减少股份数；Sk 为报告期缩股数；M0 报告期月份数；Mi 为增加股份次月
起至报告期期末的累计月数；Mj 为减少股份次月起至报告期期末的累计月数。
稀释每股收益=P1/(S0＋S1＋Si×Mi÷M0–Sj×Mj÷M0–Sk+认股权证、股份期权、可转换
债券等增加的普通股加权平均数)
其中，P1 为归属于公司普通股股东的净利润或扣除非经常性损益后归属于公司普通股股东
的净利润，并考虑稀释性潜在普通股对其影响，按《企业会计准则》及有关规定进行调整。
公司在计算稀释每股收益时，应考虑所有稀释性潜在普通股对 P1 和加权平均股数的影响，
按照其稀释程度从大到小的顺序计入稀释每股收益，直至稀释每股收益达到最小值。
(四十二) 现金流量表项目注释：
1、 收到的其他与经营活动有关的现金：
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黄山旅游发展股份有限公司 2013 年半年度报告
单位：元 币种：人民币
项目 金额
代收天海招待所营业款 701,550.00
承包款 3,989,295.00
保证金及押金 563,542.05
罚款、赔款收入 321,194.33
保险赔款 29,532.79
保险收回 2,673.09
政府奖励及补助 2,697,487.52
代收保险费 95,459.20
其他往来 1,466,502.94
代收代缴物业维修基金 121,198.00
收垃圾收集中转站和旅游公厕建设款 494,607.00
其他 256,593.81
合计 10,739,635.73
2、 支付的其他与经营活动有关的现金：
单位：元 币种：人民币
项目 金额
景区门票专营权使用费 57,000,000.00
风景名胜资源保护费 32,000,000.00
门票价格调节基金 36,000.00
风景区建设维护费 6,142,934.27
生活服务费 2,030,447.86
业务宣传费 9,306,144.40
交际应酬费 526,305.32
差旅费 2,548,812.47
邮电费 1,281,651.91
保险费 751,705.35
服装费 1,085,198.82
汽车费用 1,425,688.23
董事会费 807,578.30
办公费 1,373,568.90
业务招待费 1,627,766.45
中介机构服务费 2,029,612.00
租赁费 549,361.70
排污及绿化费用 97,420.00
佣金及手续费 1,319,317.70
离退休人员工资 2,383,636.34
保证金及押金 810,826.99
单位及个人往来款 5,977,370.47
劳动保护费 418,635.99
用电服务公司年度经费 54,651.73
76
黄山旅游发展股份有限公司 2013 年半年度报告
水电费 1,334,543.10
修理费 708,856.44
代收代缴契税 2,066,866.35
代收代缴物业维修基金 698,702.57
其他 3,460,026.11
合计 139,853,629.77
3、 收到的其他与投资活动有关的现金：
单位：元 币种：人民币
项目 金额
利息收入 558,007.69
合计 558,007.69
(四十三) 现金流量表补充资料：
1、 现金流量表补充资料：
单位：元 币种：人民币
补充资料 本期金额 上期金额
1．将净利润调节为经营活动现金流量：
净利润 78,850,780.75 148,448,676.79
加：资产减值准备
固定资产折旧、油气资产折耗、生产性生物资产
54,652,955.84 36,456,631.31
折旧
无形资产摊销 863,889.98 778,629.00
长期待摊费用摊销 10,155,104.94 9,106,562.55
处置固定资产、无形资产和其他长期资产的损失
3,031,657.80 12,353.19
（收益以“－”号填列）
固定资产报废损失（收益以“－”号填列）
公允价值变动损失（收益以“－”号填列）
财务费用（收益以“－”号填列） 5,676,802.89 15,187,040.40
投资损失（收益以“－”号填列） 992,735.35 -8,048,323.60
递延所得税资产减少（增加以“－”号填列）
递延所得税负债增加（减少以“－”号填列）
存货的减少（增加以“－”号填列） -39,082,264.48 -48,336,456.29
经营性应收项目的减少（增加以“－”号填列） -228,228,987.92 18,904,232.48
经营性应付项目的增加（减少以“－”号填列） 137,491,578.65 -138,663,657.55
其他
经营活动产生的现金流量净额 24,404,253.80 33,845,688.28
2．不涉及现金收支的重大投资和筹资活动：
债务转为资本
一年内到期的可转换公司债券
融资租入固定资产
3．现金及现金等价物净变动情况：
现金的期末余额 219,151,762.27 292,562,938.81
减：现金的期初余额 332,175,542.84 254,704,507.27
77
黄山旅游发展股份有限公司 2013 年半年度报告
加：现金等价物的期末余额
减：现金等价物的期初余额
现金及现金等价物净增加额 -113,023,780.57 37,858,431.54
2、 现金和现金等价物的构成
单位：元 币种：人民币
项目 期末数 期初数
一、现金 219,151,762.27 332,175,542.84
其中：库存现金 1,858,662.49 1,080,895.07
可随时用于支付的银行存款 216,986,735.70 331,094,647.77
可随时用于支付的其他货币资金 306,364.08
可用于支付的存放中央银行款项
存放同业款项
拆放同业款项
二、现金等价物
其中：三个月内到期的债券投资
三、期末现金及现金等价物余额 219,151,762.27 332,175,542.84
七、 关联方及关联交易
(一) 本企业的母公司情况
单位:万元 币种:人民币
母公司名称 关联关系 企业类型 注册地 法定代表人 业务性质
黄山旅游集团有限 旅游服务、景区
控股股东 有限责任公司 安徽省黄山市 许继伟
公司 资源管理等
（续上表）
注册资本 母公司对本公司 母公司对本公司 本公司最
母公司名称 组织机构代码
（万元） 的持股比例(%) 表决权比例(%) 终控制方
黄山旅游集团有限 黄山市
83,800.00 41.95 41.95 70495395-0
公司 国资委
(二) 本企业的子公司情况
单位:万元 币种:人民币
子公司 企业 法人 业务 注册资本 持股比 表决权
子公司全称 注册地 组织机构代码
类型 类型 代表 性质 (万元) 例(%) 比例(%)
黄 山 玉屏 客运索 道 有 有限责 黄山市 索道
控股 解传付 1,900.00 80.00 80.00 15148833-0
限责任公司 任公司 风景区 运输
黄 山 太平 索道有 限 公 有限责 黄山市 索道
控股 解传付 美元 697.50 70.00 70.00 61049546-9
司 任公司 风景区 运输
有限责 黄山市 旅游
黄山海外旅行社 全资 汪永明 289.00 100.00 100.00 48576090-4
任公司 屯溪区 服务
黄 山 市途 马旅游 电 子 有限责 黄山市 旅游
控股 黄慧敏 500.00 99.00 99.00 77908529-7
商务有限责任公司 任公司 屯溪区 服务
黄 山 市花 山谜窟 旅 游 有限责 黄山市 景点
控股 李明浩 100.00 75.00 75.00 71394617-0
开发有限责任公司 任公司 屯溪区 开发
黄 山 徽文 化旅游 开 发 有限责 黄山市 旅游
控股 殷寅 336.80 70.00 70.00 15148904-2
有限责任公司 任公司 屯溪区 服务
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黄山旅游发展股份有限公司 2013 年半年度报告
黄 山 皮蓬 文化发 展 有 有限责 黄山市 旅游
控股 李明浩 500.00 90.00 90.00 70495052-2
限责任公司 任公司 屯溪区 服务
黄 山 中海 假日旅 行 社 有限责 黄山市 旅游
控股 汪永明 100.00 51.00 51.00 76278700-6
有限公司 任公司 屯溪区 服务
黄 山 中海 会议展 览 服 有限责 黄山市 旅游
全资 汪永明 10.00 100.00 100.00 78108010-2
务有限公司 任公司 屯溪区 服务
黄 山 市 黄 山航空 旅 游 有限责 黄山市 旅游
全资 汪永明 180.00 100.00 100.00 71394591-X
服务有限责任公司 任公司 屯溪区 服务
黄 山 旅游 莲花酒 店 管 有限责 黄山市 酒店
全资 王玉求 100.00 100.00 100.00 66794361-3
理有限公司 任公司 屯溪区 管理
黄 山 旅游 玉屏房 地 产 有限责 黄山市 房地产
全资 王玉求 20,000.00 100.00 100.00 66794363-X
开发有限公司 任公司 屯溪区 开发
黄 山 老徽 商旅游 商 贸 有限责 黄山市 商贸
全资 何益飞 50.00 100.00 100.00 68209092-X
有限公司 任公司 屯溪区 经营
北 京 徽商 故 里餐 饮 管 有限责 北京市 餐饮
控股 王玉求 500.00 93.04 93.04 69001065-1
理有限公司 任公司 东城区 管理
黄 山 西海 饭店有 限 责 有限责 黄山市 酒店
控股 王玉求 222.60 94.00 94.00 61048772-5
任公司 任公司 风景区 经营
有限责 黄山市 旅游
黄山市中国旅行社 全资 汪永明 295.00 100.00 100.00 48576034-9
任公司 屯溪区 服务
有限责 黄山市 旅游
黄山中国国际旅行社 全资 汪永明 150.00 100.00 100.00 15146285-1
任公司 屯溪区 服务
黄 山 途马 国际旅 行 社 有限责 黄山市 旅游
全资 黄慧敏 30.00 100.00 100.00 57177136-X
有限责任公司 任公司 屯溪区 服务
黄 山 市玉 屏物业 管 理 有限责 黄山市 物业
全资 胡日成 50.00 100.00 100.00 05973592-5
有限公司 任公司 屯溪区 管理
北 京 徽商 情餐饮 管 理 有限责 北京市 餐饮
全资 王玉求 30.00 100.00 100.00 55138785-4
有限公司 任公司 西城区 服务
(三) 本企业的合营和联营企业的情况
单位:万元 币种:人民币
公司 企业 法人 业务 注册资本 持股比 表决权
子公司全称 注册地 组织机构代码
类型 类型 代表 性质 (万元) 例(%) 比例(%)
长春净月潭游乐有限 有限责 长春市 旅游
联营 宫文彬 1,000.00 20.00 20.00 24498864-1
责任公司 任公司 净月潭 服务
黄山第一站公众信息 有限责 黄山市 信息
联营 李学军 300.00 30.00 30.00 05845247-2
服务有限公司 任公司 屯溪区 咨询
中国国旅（安徽）国际 有限责 合肥市 旅游
联营 陈路 1,000.00 34.00 34.00 05293843-9
旅行社有限公司 任公司 庐阳区 服务
黄山龙骧文化传播有 有限责 黄山市 旅游
联营 王淳风 100.00 30.00 30.00 06521078-9
限公司 任公司 屯溪区 服务
黄山中景汇合商务服 有限责 黄山市 旅游
联营 黄慧敏 500.00 60.00 60.00 06651461-0
务有限公司 任公司 屯溪区 服务
(四) 本企业的其他关联方情况
其他关联方
其他关联方名称 组织机构代码
与本公司关系
黄山风景区管理委员会（简称“管委会”） 母公司股东 -
黄山风景区供水有限公司（简称“供水公司”） 管委会下属单位 70495116-2
79
黄山旅游发展股份有限公司 2013 年半年度报告
中旅景区投资有限公司（简称“中国中景”） 子公司的投资者 78320409-2
普佳（香港）有限公司（简称“香港普佳”） 子公司的投资者 -
北京威迪亚科贸有限责任公司（简称“北京威迪亚”） 子公司的投资者 79213190-5
黄山旅游集团天都房地产开发有限公司（简称“天都房地产） 同受母公司控制 79811886-7
(五) 关联交易情况
1、 采购商品/接受劳务情况表
单位：元 币种：人民币
本期发生额 上期发生额
关联交易定
关联交易内 占同类交易 占同类交
关联方 价方式及决
容 金额 金额的比例 金额 易金额的
策程序
（%） 比例（%）
黄山旅游集
餐饮门票等 市场价格 46,956.00 0.01 59,728.00 0.01
团有限公司
黄山风景区
餐饮门票等 市场价格 6,303,626.86 0.91 7,811,211.96 1.04
管理委员会
2、 关联托管/承包情况
本公司与管委会签订了《天海招待所承包经营合同》，合同规定：本公司承包管委会所
属园林局天海管理区的天海招待所，承包期限自 2011 年 1 月 1 日起至 2015 年 12 月 31 日止，
承包金第一年为 380 万元，以后年度递增率按本公司下属分公司白云宾馆利润增长率确认，
承包经营期限届满后，天海招待所如仍需承包经营时，本公司享有优先承包权利。
3、 关联租赁情况
本公司与黄山风景区供水有限公司签订《西海水榭租赁合同》，合同规定：本公司租赁
管委会所属西海水榭做为员工宿舍，租赁期三年，租金 2011 年度为 266.20 万元，2012 年度
为 282.20 万元，2013 年度为 299.10 万元，租金支付方式为每年 1 月 31 日前一次性全额支
付。
4、 关联担保情况
2011 年 4 月 27 日，公司四届董事会第二十六次会议审议通过了《关于为控股子公司提
供担保的议案》，同意为本公司控股子公司黄山市花山谜窟旅游开发有限责任公司在中国银
行股份有限公司黄山分行申请人民币肆佰万元授信总量提供担保，有效期限三年。截至 2013
年 6 月 30 日止，子公司黄山市花山谜窟旅游开发有限责任公司尚未借款。
5、 其他关联交易
本期金额 上期金额
单位名称 款项性质 备注
（2013 年 1-6 月） （2012 年 1-6 月）
黄山旅游集团有限公司 经营及生活服务费 2,700,000.00 2,700,000.00 *1
黄山旅游集团有限公司 景区建设维护费 14,463,143.55 17,493,166.98 *2
黄山风景区管理委员会 门票专营权使用费 77,410,377.40 100,943,544.41 *3
黄山风景区管理委员会 遗产保护费 26,035,701.00 29,487,449.00 *4
合 计 - 120,609,221.95 150,624,160.39 -
注*1：本公司于 1996 年与黄山旅游集团签订经营服务和生活服务合同，期限四十年，按照
合同黄山旅游集团向本公司雇员提供服务，包括水、电、气、员工食堂、公众浴室、学校和
医院等。本公司于每年年末与黄山旅游集团结算此生活服务费。本公司于 2002 年度与黄山
旅游集团就该经营服务和生活服务合同进行了再次协商，自 2002 年度起在不低于 5 年的期
80
黄山旅游发展股份有限公司 2013 年半年度报告
间内，本公司需向黄山旅游集团每年支付生活服务费 5,400,000.00 元。截至 2013 年 6 月 30
日止，本公司暂未与黄山旅游集团签订新的生活服务协议。
注*2：本公司根据黄山市物价局《关于黄山风景区索道价格的批复（黄价字[2000]第 114 号）》，
将每张索道票价调增的 5-10 元支付给黄山旅游集团，作为黄山景区建设及维护费。
注*3：本公司于 1996 年 8 月 13 日与黄山风景区管理委员会签订关于授权管理黄山风景区门
票事宜的协议，期限至 2036 年底。根据该协议本公司每年应将门票收入减营业税及附加和
票房成本后净额的 50%按季支付给黄山风景区管理委员会，作为黄山风景区门票专营权使
用费。
注*4：根据黄山市物价局颁布的“黄价字[2009]第 22 号”《关于调整黄山风景区门票价格的
批复》，自 2009 年 5 月 1 日起每张门票价格中包含的风景名胜资源保护费 20 元调整为每张
门票中包含遗产保护费 23 元，本公司按此标准支付遗产保护费给管委会。
(六) 关联方应收应付款项
上市公司应收关联方款项:
单位:元 币种:人民币
期末余额 年初余额
项目名称 关联方
账面余额 坏账准备 账面余额 坏账准备
应收账款 黄山风景区管理委员会 14,516,104.27 1,182,304.32 9,602,607.25 1,182,304.32
上市公司应付关联方款项:
单位:元 币种:人民币
项目名称 关联方 期末余额 年初余额
应付股利 中旅景区投资有限公司 10,095,632.47 3,452,614.29
其他应付款 黄山风景区管理委员会 147,169,436.94 125,885,413.61
其他应付款 黄山旅游集团有限公司 92,433,324.94 77,202,223.06
北京威迪亚科贸有限责
其他应付款 2,854,154.00 3,445,754.00
任公司
长期应付款 普佳（香港）有限公司 6,863,845.05 6,863,845.05
八、 股份支付：
无
九、 或有事项：
无
十、 承诺事项：
(一) 重大承诺事项
(1)资本性承诺事项
截至 2013 年 6 月 30 日止，本公司无需要披露的资本性支出承诺事项。
(2)经营租赁承诺事项
根据已签订的不可撤消的经营性租赁合同，未来最低应支付租金汇总如下：
未来支付期间 期末余额 年初余额
一年以内 2,694,199.00 2,615,727.18
一至二年 2,855,850.93 2,772,670.81
二至三年 3,027,201.99 2,939,031.06
三年以上 121,627,486.47 123,046,172.75
81
黄山旅游发展股份有限公司 2013 年半年度报告
合 计 130,204,738.39 131,373,601.80
注：根据 1996 年 8 月 13 日和 1996 年 12 月 23 日本公司与安徽省黄山市土地管理局签订的
合同，本公司租用黄山风景区内的若干国有土地，面积分别为 74,320.00 平方米和 9,919.9
平方米，期限四十年，即分别至 2036 年 10 月 1 日止及 2037 年 1 月 1 日止。根据 2006 年本
公司与黄山市土地管理局签订的补充协议，租用面积更改为 54,199.00 平方米及 9,919.90 平
方米，租赁年限不作变更，但土地租金按每年递增 6%计算。截至 2013 年 6 月 30 日止，期
末土地租金为 2,694,199.00 元。
(二) 前期承诺履行情况
截至 2013 年 6 月 30 日止，本公司前期承诺事项已按约履行。
十一、 母公司财务报表主要项目注释
(一) 应收账款：
1、 应收账款按种类披露：
单位：元 币种：人民币
期末余额
种 类 账面余额 坏账准备
金额 比例(%) 金额 计提率(%)
单项金额重大并单项计提坏账准备的
- - - -
应收账款
按组合计提坏账准备的应收账款 36,999,183.71 94.16 6,703,457.70 18.12
其中：以账龄作为信用风险特征的组合 36,999,183.71 94.16 6,703,457.70 18.12
单项金额虽不重大但单项计提坏账准
2,295,389.39 5.84 1,168,574.89 50.91
备的应收账款
合 计 39,294,573.10 100.00 7,872,032.59 20.03
（续上表）
年初余额
种 类 账面余额 坏账准备
金额 比例(%) 金额 计提率(%)
单项金额重大并单项计提坏账准备的
- - - -
应收账款
按组合计提坏账准备的应收账款 25,039,335.79 91.60 6,703,457.70 26.77
其中：以账龄作为信用风险特征的组合 25,039,335.79 91.60 6,703,457.70 26.77
单项金额虽不重大但单项计提坏账准
2,295,389.39 8.40 1,168,574.89 50.91
备的应收账款
合 计 27,334,725.18 100.00 7,872,032.59 28.80
组合中，按账龄分析法计提坏账准备的应收账款：
单位：元 币种：人民币
期末数 期初数
账龄
账面余额 坏账准备 账面余额 坏账准备
82
黄山旅游发展股份有限公司 2013 年半年度报告
金额 比例(%) 金额 比例(%)
1 年以内
其中：
1 年以内 29,676,325.84 80.21 161,186.95 18,419,373.36 73.56 536,285.29
1 年以内小
29,676,325.84 80.21 161,186.95 18,419,373.36 73.56 536,285.29
计
1至2年 1,561,174.25 4.22 780,587.13 905,580.06 3.62 452,790.04
2 年以上 5,761,683.62 15.57 5,761,683.62 5,714,382.37 22.82 5,714,382.37
合计 36,999,183.71 100.00 6,703,457.70 25,039,335.79 100.00 6,703,457.70
期末单项金额虽不重大但单项计提坏账准备的应收账款
单位：元 币种：人民币
应收账款内容 账面余额 坏账金额 计提比例(%) 计提理由
黄山市政府接待办 377,784.23 157,925.64 41.80 预计部分无法收回
黄山市旅游委员会 218,175.98 122,903.04 56.33 预计部分无法收回
黄山中青旅中山国际旅行社 149,951.80 18,157.90 12.11 预计部分无法收回
其他零星客户 1,549,477.38 869,588.31 56.12 预计部分无法收回
合 计 2,295,389.39 1,168,574.89 50.91 -
2、 本报告期应收账款中持有公司 5%(含 5%)以上表决权股份的股东单位情况
本报告期应收账款中无持有公司 5%(含 5%)以上表决权股份的股东单位的欠款。
3、 应收账款金额前五名单位情况
单位：元 币种：人民币
与本公司 占应收账款
单位名称 金额 年限
关联关系 总额比例(%)
黄山风景区管理委员会 关联方 13,973,215.66 3 年以内 35.56
黄山徽州旅游总公司 非关联方 2,325,215.04 3 年以上 5.92
黄山天下网络有限公司 非关联方 1,161,617.60 1 年以内 2.96
黄山市政府 非关联方 1,078,335.94 3 年以上 2.74
中山中国国际旅行社有限公司 非关联方 1,031,141.64 1 年以内 2.62
合 计 - 19,569,525.88 - 49.80
4、 应收关联方账款情况
单位：元 币种：人民币
单位名称 与本公司关系 金额 占应收账款总额的比例(%)
黄山风景区管理委员会 母公司股东 13,973,215.66 35.56
合计 / 13,973,215.66 35.56
(二) 其他应收款：
1、 其他应收款按种类披露：
单位：元 币种：人民币
期末余额
种 类
账面余额 坏账准备
83
黄山旅游发展股份有限公司 2013 年半年度报告
金额 比例(%) 金额 计提率(%)
单项金额重大并单项计提坏账准备的
- - - -
其他应收款
按组合计提坏账准备的其他应收款 917,886,068.70 100.00 8,485,256.44 0.92
其中：以账龄作为信用风险特征的组合 21,934,414.78 2.39 8,485,256.44 38.68
对子公司其他应收款组合 895,951,653.92 97.61 - -
单项金额虽不重大但单项计提坏账准
- - - -
备的其他应收款
合 计 917,886,068.70 100.00 8,485,256.44 0.92
（续上表）
年初余额
种 类 账面余额 坏账准备
金额 比例(%) 金额 计提率(%)
单项金额重大并单项计提坏账准备的
- - - -
其他应收款
按组合计提坏账准备的其他应收款 804,141,401.14 100.00 8,485,256.44 1.06
其中：以账龄作为信用风险特征的组合 12,966,444.10 1.61 8,485,256.44 65.44
对子公司其他应收款组合 791,174,957.04 98.39 - -
单项金额虽不重大但单项计提坏账准
- - - -
备的其他应收款
合 计 804,141,401.14 100.00 8,485,256.44 1.06
组合中，按账龄分析法计提坏账准备的其他应收账款：
单位：元 币种：人民币
期末数 期初数
账龄 账面余额 账面余额
坏账准备 坏账准备
金额 比例(%) 金额 比例(%)
1 年以内
其中：
1 年以内 13,322,898.76 60.74 91,741.29 4,347,001.68 33.53 130,374.10
1 年以内小计 13,322,898.76 60.74 91,741.29 4,347,001.68 33.53 130,374.10
1至2年 436,001.74 1.99 218,000.87 529,120.18 4.08 264,560.10
3 年以上 8,175,514.28 37.27 8,175,514.28 8,090,322.24 62.39 8,090,322.24
合计 21,934,414.78 100.00 8,485,256.44 12,966,444.10 100.00 8,485,256.44
2、 本报告期其他应收款中持有公司 5%(含 5%)以上表决权股份的股东单位情况
本报告期其他应收账款中无持有公司 5%(含 5%)以上表决权股份的股东单位的欠款。
3、 其他应收账款金额前五名单位情况
84
黄山旅游发展股份有限公司 2013 年半年度报告
单位：元 币种：人民币
与本公司 占其他应收款
单位名称 金额 年限
关联关系 总额比例(%)
黄山旅游玉屏房地产开发有限公司 关联方 560,218,839.87 1 年以内 61.03
黄山西海饭店有限责任公司 关联方 221,909,839.99 1 年以内 24.18
北京徽商故里餐饮管理有限公司 关联方 40,686,208.51 1 年以内 4.43
黄山市途马旅游电子商务有限责任公司 关联方 32,089,246.44 1 年以内 3.50
黄山市中国旅行社 关联方 16,282,765.90 1 年以内 1.77
合 计 - 871,186,900.71 - 94.91
4、 其他应收关联方款项情况
单位：元 币种：人民币
与本公司 占其他应收款
单位名称 金额 年限
关联关系 总额比例(%)
黄山旅游玉屏房地产开发有限公司 子公司 560,218,839.87 1 年以内 61.03
黄山西海饭店有限责任公司 子公司 221,909,839.99 1 年以内 24.18
北京徽商故里餐饮管理有限公司 子公司 40,686,208.51 1 年以内 4.43
黄山市途马旅游电子商务有限责任公司 子公司 32,089,246.44 1 年以内 3.50
黄山市中国旅行社 子公司 16,282,765.90 1 年以内 1.77
黄山老徽商旅游商贸有限公司 子公司 12,252,955.99 1 年以内 1.33
北京徽商情餐饮管理有限公司 子公司 7,349,589.92 1 年以内 0.80
黄山玉屏客运索道有限责任公司 子公司 2,551,983.36 1 年以内 0.28
黄山徽文化旅游开发有限责任公司 子公司 2,359,025.94 1 年以内 0.26
黄山皮蓬文化发展有限责任公司 子公司 238,000.00 1 年以内 0.03
黄山市花山谜窟旅游开发有限责任公司 子公司 13,198.00 1 年以内 0.00
合 计 - 895,951,653.92 - 97.61
(三) 长期股权投资
单位：元 币种：人民币
被投资单位 核算方法 投资成本 年初余额 增减变动 期末余额 注
黄山市中国旅行社 成本法 3,385,072.00 3,385,072.00 - 3,385,072.00 -
黄山海外旅行社 成本法 42,022.00 42,022.00 - 42,022.00 -
黄山中国国际旅行
成本法 3,703,042.00 3,703,042.00 - 3,703,042.00 -
社
黄山玉屏客运索道
成本法 27,341,281.00 27,341,281.00 - 27,341,281.00 -
有限责任公司
黄山太平索道有限
成本法 54,510,926.65 54,510,926.65 - 54,510,926.65 -
公司
黄山徽文化旅游开
成本法 2,357,887.00 2,357,887.00 - 2,357,887.00 -
发有限责任公司
85
黄山旅游发展股份有限公司 2013 年半年度报告
黄山皮蓬文化发展
成本法 4,500,000.00 4,500,000.00 - 4,500,000.00 -
有限责任公司
黄山市途马旅游电
成本法 4,500,000.00 4,500,000.00 - 4,500,000.00 -
子商务有限责任公
司
黄山西海饭店有限
成本法 56,465,300.00 10,509,974.69 - 10,509,974.69 -
责任公司
黄山旅游莲花酒店
成本法 1,000,000.00 1,000,000.00 - 1,000,000.00 -
管理有限公司
黄山旅游玉屏房地 200,000,000.0 200,000,000.0
成本法 - 200,000,000.00 -
产开发有限公司 0 0
黄山市花山谜窟旅
成本法 3,000,000.00 3,000,000.00 - 3,000,000.00 -
游开发有限责任公
司
黄山老徽商旅游商
成本法 500,000.00 500,000.00 - 500,000.00 -
贸有限公司
北京徽商故里餐饮
成本法 4,652,000.00 4,652,000.00 - 4,652,000.00 -
管理有限公司
长春净月潭游乐有
权益法 5,926,036.00 6,064,471.95 202,289.93 6,266,761.88 -
限责任公司
黄山市黄河宾馆 成本法 1,440,000.00 1,399,008.20 - 1,399,008.20 -
黄山温泉风景区联
成本法 23,666,174.48 22,553,923.77 - 22,553,923.77 -
合旅游管理有限公
司
华安证券有限责任 100,000,000.0 100,000,000.0
成本法 - 100,000,000.00 -
公司 0 0
496,989,741.1 450,019,609.2
合 计 - 202,289.93 450,221,899.19 -
3 6
(续表)
在被投资 在被投资单 在被投资单位持 本期计
减值 本期现
被投资单位 单位持股 位表决权的 股比例与表决权 提减值
准备 金红利
比例(%) 比例(%) 比例不一致说明 准备
黄山市中国旅行社 100.00 100.00 一致 - - -
黄山海外旅行社 100.00 100.00 一致 42,022.00 - -
黄山中国国际旅行
100.00 100.00 一致 - - -
社
黄山玉屏客运索道
80.00 80.00 一致 - - 26,572,072.72
有限责任公司
黄山太平索道有限
70.00 70.00 一致 54,510,926.65 - -
公司
黄山徽文化旅游开
70.00 70.00 一致 - - -
发有限责任公司
黄山皮蓬文化发展
90.00 90.00 一致 - - -
有限责任公司
黄山市途马旅游电
99.00 99.00 一致 - - -
子商务有限责任公
司
黄山西海饭店有限
94.00 94.00 一致 - - -
责任公司
黄山旅游莲花酒店
100.00 100.00 一致 - - -
管理有限公司
黄山旅游玉屏房地
100.00 100.00 一致 - - -
产开发有限公司
86
黄山旅游发展股份有限公司 2013 年半年度报告
黄山市花山谜窟旅
75.00 75.00 一致 - - -
游开发有限责任公
司
黄山老徽商旅游商
100.00 100.00 一致 - - -
贸有限公司
北京徽商故里餐饮
93.04 93.04 一致 - - -
管理有限公司
长春净月潭游乐有
20.00 20.00 一致 - - -
限责任公司
黄山市黄河宾馆 23.22 23.22 一致 1,399,008.20 - -
黄山温泉风景区联
30.00 30.00 一致 - - -
合旅游管理有限公
司
华安证券有限责任
3.53 3.53 一致 68,420,000.00 - -
公司
124,371,956.8
合 计 - - - - 26,572,072.72
5
(四) 营业收入和营业成本：
1、 营业收入、营业成本
单位：元 币种：人民币
项目 本期发生额 上期发生额
主营业务收入 394,585,163.28 491,123,368.09
其他业务收入 405,800.00 470,060.00
营业成本 250,725,042.26 273,694,607.02
2、 主营业务（分行业）
单位：元 币种：人民币
本期发生额 上期发生额
行业名称
营业收入 营业成本 营业收入 营业成本
酒店业务 125,124,477.24 113,137,765.54 155,417,951.03 103,239,272.32
索道业务 65,169,855.00 12,603,207.31 79,237,305.00 14,749,462.55
园林开发业务 201,765,731.50 122,638,830.00 255,209,461.00 150,247,705.84
承包业务 3,716,021.48 2,309,971.30
其他业务 857,560.00 1,913,359.96 1,154,917.00 1,610,807.58
各业务分部间相互抵
-2,048,481.94 -2,206,237.24
销
合计 394,585,163.28 250,293,162.81 491,123,368.09 269,847,248.29
3、 公司前五名客户的营业收入情况
单位：元 币种：人民币
占公司全部营业收入的比例
客户名称 营业收入总额
（％）
黄山市中国旅行社 7,754,800.00 1.96
黄山风景区管理委员会 5,573,000.06 1.41
黄山中海假日旅行社有限公司 4,982,907.00 1.26
黄山市诚信旅行社有限公司 3,758,582.00 0.95
黄山市中青国际旅行社有限公
3,602,024.00 0.91
司
87
黄山旅游发展股份有限公司 2013 年半年度报告
合计 25,671,313.06 6.49
(五) 投资收益：
1、 投资收益明细
单位：元 币种：人民币
本期发生额 上期发生额
成本法核算的长期股权投资收益 26,572,072.72 37,839,633.74
权益法核算的长期股权投资收益 202,289.93 48,323.60
合计 26,774,362.65 37,887,957.34
2、 按成本法核算的长期股权投资收益
单位：元 币种：人民币
被投资单位 本期发生额 上期发生额 本期比上期增减变动的原因
华安证券有限责任公司 8,000,000.00 本期未派发现金分红
黄山玉屏客运索道有限
26,572,072.72 29,839,633.74 股利分配
责任公司
合计 26,572,072.72 37,839,633.74 /
3、 按权益法核算的长期股权投资收益
单位：元 币种：人民币
被投资单位 本期发生额 上期发生额 本期比上期增减变动的原因
长春净月潭游乐有限责
202,289.93 48,323.60 按权益法确认
任公司
合计 202,289.93 48,323.60 /
(六) 现金流量表补充资料：
单位：元 币种：人民币
补充资料 本期金额 上期金额
1．将净利润调节为经营活动现金流量：
净利润 61,245,025.92 119,560,703.04
加：资产减值准备
固定资产折旧、油气资产折耗、生产性生物资产
45,005,308.50 30,493,082.15
折旧
无形资产摊销 752,675.00 735,927.00
长期待摊费用摊销 5,225,142.81 5,193,310.90
处置固定资产、无形资产和其他长期资产的损失
3,010,947.22 6,432.01
（收益以“－”号填列）
固定资产报废损失（收益以“－”号填列）
公允价值变动损失（收益以“－”号填列）
财务费用（收益以“－”号填列） 4,796,011.70 15,093,551.69
投资损失（收益以“－”号填列） -26,774,362.65 -37,887,957.34
递延所得税资产减少（增加以“－”号填列）
递延所得税负债增加（减少以“－”号填列）
存货的减少（增加以“－”号填列） 336,954.22 -4,287,832.57
经营性应收项目的减少（增加以“－”号填列） -126,179,411.10 -77,527,520.86
经营性应付项目的增加（减少以“－”号填列） 59,228,045.86 -71,178,146.63
其他
经营活动产生的现金流量净额 26,646,337.48 -19,798,450.61
2．不涉及现金收支的重大投资和筹资活动：
88
黄山旅游发展股份有限公司 2013 年半年度报告
债务转为资本
一年内到期的可转换公司债券
融资租入固定资产
3．现金及现金等价物净变动情况：
现金的期末余额 161,580,074.50 239,980,102.47
减：现金的期初余额 230,854,724.46 183,790,692.71
加：现金等价物的期末余额
减：现金等价物的期初余额
现金及现金等价物净增加额 -69,274,649.96 56,189,409.76
十二、 补充资料
(一) 当期非经常性损益明细表
单位：元 币种：人民币
非经常性损益项目 金额
非流动资产处置损益 -3,031,657.80
除上述各项之外的其他营业外收入和支出 4,135,269.20
少数股东权益影响额 -275,902.85
所得税影响额 5,333.40
合计 833,041.95
(二) 净资产收益率及每股收益
加权平均净资产收 每股收益
报告期利润
益率（%） 基本每股收益 稀释每股收益
归属于公司普通股股东的净
3.74 0.1538 0.1538
利润
扣除非经常性损益后归属于
3.70 0.1520 0.1520
公司普通股股东的净利润
89
黄山旅游发展股份有限公司 2013 年半年度报告
第九节备查文件目录
一、 载有董事长签名的半年度报告文本
二、 再有单位负责人、财务负责人、会计机构负责人签名并盖章的财务报告文本
三、 报告期内在中国证监会指定报刊上公开披露过的所有公司文件的正本及公告原稿
四、 其他有关资料
董事长：许继伟
黄山旅游发展股份有限公司
2013 年 8 月 15 日
90
黄山旅游发展股份有限公司 2013 年半年度报告
Huangshan Tourism Development Co., Ltd.
2013 Interim Report
1
黄山旅游发展股份有限公司 2013 年半年度报告
Important Notice
1. The Company's Board of Directors and its members, its Supervisory Committee and its
members and the senior executives ensure that the content of the interim report is true,
accurate and integrative, not having any false statement, misleading representation or
significant omission, and will take several and joint legal responsibilities for it.
2. All the Directors of the Company attended the Board meeting.
3. The Company's interim financial report has not been audited.
4. Xu Jiwei, principal of the Company, and He Yifei, principal in charge of accounting work
and head of accounting department (accounting officer) declare that they shall guarantee
the trueness, accuracy and integrity of the financial report in this interim report.
5. Whether there was any non operational occupation of fund by the controlling shareholder
and its related parties or not?
No
6. Whether there was any violation of any stipulated decision-making procedure to provide
guarantee for other entities or not?
No
7. This report is presented in both Chinese and English. In the event of different meaning in
the text, the Chinese version shall prevail.
2
黄山旅游发展股份有限公司 2013 年半年度报告
Contents
第一节 Paraphrase ......................................................................................................................... 4
第二节 Brief Introduction to the Company ................................................................................. 5
第三节 Financial Highlights .......................................................................................................... 6
第四节 Report of the Board of Directors ..................................................................................... 7
第五节 Major Events ................................................................................................................... 10
第六节 Change of Share Capital and Particulars of Shareholders ......................................... 12
第七节 Particulars of Directors, Supervisors and Senior Executives ...................................... 15
第八节 Financial Report (unaudited) ......................................................................................... 16
第九节 Documents for Reference.............................................................................................. 100
3
黄山旅游发展股份有限公司 2013 年半年度报告
1. Paraphrase
1. Paraphrase
In this report, except otherwise indicated, the words and expressions shall have the meaning as
follows:
Paraphrase for generally used expressions
Huangshan Tourism Development Co.,
Company, the Company mean
Ltd.
Huangshan Scenic Spot Management
Management Committee means
Committee
Huangshan Tourism Group means Huangshan Tourism Group Co., Ltd.
China Securities Regulatory
CSRC means
Commission
SSE means Shanghai Stock Exchange
The report period, during the report The period from January 1, 2013 to
mean
period June 30, 2013
4
黄山旅游发展股份有限公司 2013 年半年度报告
2. Brief Introduction to the Company
1. Company information
Chinese name of the Company 黄山旅游发展股份有限公司
Short form 黄山旅游
English name of the Company Huangshan Tourism Development Co.,Ltd.
Abbre. HSTD
Legal representative Xu Jiwei
2. Contact information
Secretary of the Board Securities representative
Name Huang Huimin Huang Jiaping
Hot Spring of Huangshan Scenic Hot Spring of Huangshan Scenic
Contact add.
Spot, Huangshan, Anhui, China Spot, Huangshan, Anhui, China
Tel. 0559-5580567 0559-5580526
Fax 0559-5580505 0559-5580505
E-mail hshhm666@126.com hstd56@126.com
3. Changes in basic information
Hot Spring of Huangshan Scenic Spot, Huangshan,
Registered address
Anhui, China
Zip code 245800
Hot Spring of Huangshan Scenic Spot, Huangshan,
Business address
Anhui, China
Zip code 245800
Website: http://www.huangshan.com.cn 或 tourmart.cn
E-mail hs600054@126.com
4. Change in information and the filing place
Newspapers selected by the Company for Shanghai Securities News, Hong Kong
information disclosure Commercial Daily
Website appointed by China Securities Regulatory
www.sse.com.cn
Commission for publishing the interim report
Office of the Board of Directors of the
Filing place for the Company's interim report
Company
5. Information of the Company's share
Information of the Company's share
Stock exchange for
Type of share Share name Share code
listing of the share
Shanghai Stock
A share Huangshan Tourism 600054
Exchange
Shanghai Stock
B share Huangshan B Share 900942
Exchange
6. Change of registration during the report period
During the report period the Company made no change for its registration.
5
黄山旅游发展股份有限公司 2013 年半年度报告
3. Financial Highlights
1. Main accounting data and financial indicators
1) Main accounting data
Unit: RMB
Increase or decrease
The report period Same period of last than the same
Main accounting data
(Jan.-June) year period of last year
(%)
Operating income 695,444,918.47 748,481,634.40 -7.09
Net profit attributed to shareholders
72,499,919.33 139,533,530.88 -48.04
of the listed Company
Net profit after non-recurring profit
and loss attributed to shareholders of 71,666,877.38 139,308,575.81 -48.56
the Company
Net cash flow from operating
24,404,253.80 33,845,688.28 -27.90
activities
End of the report End of previous Increase or decrease
period year (%)
Net assets attributed to shareholders
1,973,549,646.70 1,901,049,727.37 3.81
of the listed Company
Total assets 3,324,677,487.46 3,379,676,769.12 -1.63
2) Main financial indicators
Increase or decrease
The report period Same period of last than the same
Main financial indicators
(Jan.-June) year period of last year
(%)
Basic earnings per share (RMB/share) 0.1538 0.2960 -48.04
Diluted earnings per share
0.1538 0.2960 -48.04
(RMB/share)
Basic earnings per share after
non-recurring profit and loss 0.1520 0.2956 -48.58
(RMB/share)
Weighted average return on net assets Decrease by 4.03
3.74 7.77
(%) percentage points
Weighted average return on net assets Decrease by 4.05
3.70 7.75
after non-recurring profit or loss (%) percentage points
2. Items of non-recurring profit and loss
Unit: RMB
Items of non-recurring profit and loss Amount
Profit or loss from disposal of non-current assets -3,031,657.80
Non-operating revenue and expenditure other than above items 4,135,269.20
Impacts from minority interest -275,902.85
Impact from income tax 5,333.40
Total 833,041.95
6
黄山旅游发展股份有限公司 2013 年半年度报告
4. Report of the Board of Directors
1. The discussion and analysis of the Board of Directors on the operating status of the Company
during the report period
The Company's main business includes sales of garden tickets, passenger cableway, hotel room and
board, tourist service and tourist real estate.
In the first half year of 2013, caused by multiple factors such as the slowdown of the domestic
economic growth and the increasing of the overcast and rainy weather, the tourist market was faced
with big pressure and challenge. Under the leadership of the Board of Directors and the
management, the Company strived to overcome the difficulties and researched the new situation
and new market to work hard at the cost control, marketing innovation, objective management,
project construction and brand expansion, making all the business develop steadily. In the period
from January to June, 2013, the Company totally received 1,233,300 tourists, a decrease of 6.73%
than the same period of last year and realized operating income of RMB 695,000,000, a decrease of
7.09% than the same period of last year, including the operating income from sales of commodity
housing, RMB 76,779,800, an increase of 287.63% than the same period of last year. The net profit
attributable to shareholders of the Company was RMB 72,499,900, a decrease of 48.04% than the
same period of last year.
In the second half year, the Company will strive to cope with the market change based on current
status, strengthen the marketing and strive to reduce all the costs to realize the operating plan for the
whole year.
1) Analysis on main business
(1) Analysis on change of relative items in the financial statements
Unit: RMB
Same period of Change ratio
Item Current period
last year (%)
Operating income 695,444,918.47 748,481,634.40 -7.09
Operating cost 453,726,560.48 443,864,125.20 2.22
Selling expenses 2,588,197.47 1,188,276.28 117.82
Management expenses 98,680,587.42 89,408,305.88 10.37
Financial expenses 2,097,676.60 1,190,967.17 76.13
Net cash flow from operating activities 24,404,253.80 33,845,688.28 -27.90
Net cash flow from investment activities -114,400,153.57 -162,881,102.72 Not applicable
Net cash flow from financing activities -23,027,880.80 166,893,845.98 Not applicable
Reason for change of operating income: This is mainly because the decrease of the tourist in the
scenic spot in current period has caused the decrease of the income from the entrance ticket,
cableway and hotel.
Reason for change of the operating cost: This is mainly because the Crown Plaza Hotel and Xihai
Hotel started business recently and the Tumaxin Mansion started to be put into use, causing the
increase of the depreciation cost than the same period of last year.
Reason for change of selling expenses: This is mainly caused by the increase of the advertising
and publicity costs of Huangshan Tourism Yubing Real Estate Development Co., Ltd., a wholly
owned subsidiary of the Company.
Reason for change of the management expenses: This is mainly caused by the increase of the
employee's rewards and the tax.
Reason for change of financial cost: This is mainly caused by the increase of the loan interest
7
黄山旅游发展股份有限公司 2013 年半年度报告
expenditure of Huangshan Flower Hill & Labyrinth Tourism Development Co., Ltd., a subsidiary
controlled by the Company.
Reason for change of the net cash flow from operating activities: This is mainly caused by the
decrease of the cash received from sale of goods and rendering of service in current period.
Reason for change of net cash flow from investment activities: This is mainly caused by the
decrease of the cash paid for purchase of fixed assets in current period.
Reason for change of the net cash flow from financing activities: This is mainly caused by the
increase of the increase in current period.
2) Analysis on operating status by sector, product or area
(1) Main business divided by sector and product
Unit: RMB
Main business by sector
Increase or Increase or Increase or
decrease of decrease of decrease of
Operating Gross profit operating operating gross profit
Sector Operating cost
income rate (%) income cost than rate than
than last last year last year
year (%) (%) (%)
Decrease
by 18.88
Hotel 158,957,629.75 141,271,453.00 11.12 -8.75 15.86
percentage
points
Decrease
by 1.66
Cableway 145,394,600.00 32,899,468.57 77.37 -13.94 -7.13
percentage
points
Decrease
Garden by 2.57
207,698,269.00 127,327,603.07 38.70 -20.64 -17.16
development percentage
points
Decrease
Tourist by 0.81
114,764,724.23 109,109,997.18 4.93 -27.19 -26.56
service percentage
points
Decrease
Sale of
by 0.51
commercial 76,779,674.00 50,805,559.26 33.83 287.63 290.64
percentage
housing
points
(2) Main business by area
The Company's main business income comes mostly from within Huangshan City.
3) Analysis on core competitive power
For details see the Analysis on core competitive power in Chapter 4, Report of the Board of
Directors in 2012 Annual Report. During the report period, the Company did not have any change
in its core competitive power.
4) Analysis on the investment
8
黄山旅游发展股份有限公司 2013 年半年度报告
(1) General analysis on the equity investment
(a) Equity interest of the financial firms held
Profit Change of
Shareholding or loss owner's
Initial Shareholding
Name of ratio at Closing book in the equity in Accounting Source
investment ratio at end
the firm beginning value (RMB) report the report subject of share
(RMB) (%)
(%) period period
(RMB) (RMB)
Huaan
Securities 100,000,000.00 3.53 3.53 100,000,000.00 0 0
Co., Ltd.
(2) Entrusted financing of non-financial companies and investment in derivatives
(a) Entrusted financing
The Company did not have any entrusted financing in the report period.
(b) Entrusted loan
The Company did not have any entrusted loan in the report period.
(3) Utilization of raised capital
During the report period the Company did not have any raised capital or such capital raised in
previous period and left over in current period.
(4) Project using non-raised capital
During the report period the Company did not have any project invested with non-raised capital.
2. Proposal on profit distribution or transfer of capital reserves
1) Enforcement or adjustment on the profit distribution plan implemented in the report period
Approved by the Company's 2012 shareholders' meeting, the 2012 profit distribution plan should be:
using the total share capital of 471,350,000 shares at end of 2012 as the basis to distribute cash
dividend of RMB 0.30 (tax included) for every 10 shares held to all the shareholders, totally RMB
14,140,500, and for B share, distribute the dividend in USD at the exchange rate between USD and
RMB according to the middle price declared by the People's Bank of China at the first working day
after approved by the 2012 annual shareholders' meeting.
The announcement on implementation of this profit distribution plan was published in Shanghai
Securities News, Hong Kong Commercial Daily and the website of Shanghai Stock Exchange on
July 4, 2013.
3. Other matters to be disclosed
1) Notes of the Board of Directors and the Supervisory Committee for "non-standard auditor's
report" by the public accounting firm
√ Not applicable
9
黄山旅游发展股份有限公司 2013 年半年度报告
5. Major Events
1. Significant lawsuits, arbitration and events generally questioned by the media
In this year the Company did not have any significant lawsuit, arbitration or event generally
questioned by the media.
2. Events related to bankruptcy and reorganization
During the report period, the Company did not have any event related to bankruptcy and
reorganization.
3. Transaction in assets and business merger
√ Not applicable
4. Equity incentive and the influence
√ Not applicable
5. Important related transactions
√ Not applicable
6. Important contracts and the implementation
1) Events related to trusteeship, contracting and leasing
√ Not applicable
2) Guarantee
√ Not applicable
3) Other important contract or transaction
The Company did not have any other important contract or transaction in the report period.
7. Implementation of commitments
√Not applicable
8. Punishment to the listed company and its Directors, Supervisors, senior executives,
shareholders holding 5% or higher equity interest, actual controller and purchaser and the
rectification status
In the report period the Company and its Directors, Supervisors, senior executives, shareholders
holding 5% or higher equity interest, actual controller and purchaser were not checked, punished
and criticized publicly by China Securities Regulatory Commission and condemned by the stock
exchange.
9. Governance status of the Company
During the report period the Company further promoted the implementation of its internal control.
The 11th meeting of 5th Board of Directors examined and passed the Management Measures for
Information Disclosure on the Company's Financing Instruments. At present, the actual conditions
of the Company's governance has no any difference from the requirements specified in the
Company Law and relevant regulations of China Securities Regulatory Commission.
10. Remark on other major events
10
黄山旅游发展股份有限公司 2013 年半年度报告
1) Other
On January 30, 2013 the Company's 8th meeting of 5th Board of Directors passed the motion on its
short term financing securities. The announcement on the resolutions of the meeting was published
in Shanghai Securities News, Hong Kong Commercial Daily and the website of Shanghai Stock
Exchange on January 31, 2013. This motion was examined and passed by the Company's
provisional shareholders' meeting on April 16, 2013, and the announcement on the resolutions of
the meeting was published in Shanghai Securities News, Hong Kong Commercial Daily and the
website of Shanghai Stock Exchange on April 17, 2013. During the report period, the Company's
short term financing securities business was made orderly.
11
黄山旅游发展股份有限公司 2013 年半年度报告
6. Change of Share Capital and Particulars of Shareholders
1. Change of share capital
1) Change of share capital
(1) Table for change of share capital
During the report period the Company's total number of shares and the structure of its share capital
were not changed.
(2) Remark on change of share capital
During the report period the Company's total number of shares and the structure of its share capital
were not changed.
2) Change in shares limited to be sold
During the report period the Company did not have any change for its shares with limited sales
conditions.
2. Particulars of shareholders
1) Particulars of shareholders
Unit: Share
Total shareholders at end of the report period 51,975
Shareholding of the top 10 shareholders
Shares with
Shares
Nature of Shareholding Total shares Increase or limited sales
Name of shareholder pledged or
shareholder ratio (%) held decrease condition
frozen
held
Huangshan Tourism Group State-owned
41.95 197,730,500 0 197,730,500 None
Co., Ltd. legal person
GAOLING FUND,L.P. Other 2.55 11,995,885 -8,985,441 0 Unknown
Bank of Communications－
Boshi Xinxing Growth
Other 1.49 7,024,018 -4,100,000 0 Unknown
Share-type Securities
Investment Fund
Golden China Master Fund Other 1.24 5,862,090 -2,600,997 0 Unknown
VALUE PARTNERS
Other 1.11 5,237,218 5,237,218 0 Unknown
CLASSIC FUND
GUOTAI JUNAN
SECURITIES(HONGKONG Other 1.07 5,060,358 -620,361 0 Unknown
) LIMITED
VALUE PARTNERS
HEDGE MASTER FUND Other 0.84 3,979,378 3,979,378 0 Unknown
LIMITED
Yuan Sainan Other 0.79 3,736,357 -106,811 0 Unknown
Donghai Securities - Bank of
Construction - Dongfeng No.
Other 0.71 3,339,113 -570,887 0 Unknown
3 Integrated Assets
Management Plan
China Everbright Securities
Other 0.67 3,179,366 3,179,366 0 Unknown
(HK) Limited
Particulars of top 10 holders of shares with no limited sales condition
Name of shareholder Shares with no limited sales Type and number of shares
12
黄山旅游发展股份有限公司 2013 年半年度报告
condition held
Domestic
GAOLING FUND,L.P. 11,995,885 listed foreign
capital share
Bank of Communications－Boshi Xinxing Growth Renminbi
7,024,018
Share-type Securities Investment Fund ordinary share
Domestic
Golden China Master Fund 5,862,090 listed foreign
capital share
Domestic
VALUE PARTNERS CLASSIC FUND 5,237,218 listed foreign
capital share
Domestic
GUOTAI JUNAN SECURITIES(HONGKONG)
5,060,358 listed foreign
LIMITED
capital share
Domestic
VALUE PARTNERS HEDGE MASTER FUND
3,979,378 listed foreign
LIMITED
capital share
Domestic
Yuan Sainan 3,736,357 listed foreign
capital share
Donghai Securities - Bank of Construction - Renminbi
3,339,113
Dongfeng No. 3 Integrated Assets Management Plan ordinary share
Domestic
China Everbright Securities (HK) Limited 3,179,366 listed foreign
capital share
China Construction Bank - Huaxia Stably Increasing Renminbi
3,135,754
and Mixed Type Securities Investment Fund ordinary share
In the top 10 shareholders, there is no related relation between
the state-owned legal shareholder Huangshan Tourism Group
Co., Ltd. and other 9 shareholders; they are not the concerted
actors as specified in the Management Method for Information
Disclosure for Change of Shares Held by the Shareholders of
Note on the related relations or concerted actions Listed Companies.
between above shareholders The Company does not know whether there is related relation
between the top 10 holders of shares with no limited sales
conditions or not and whether they belong to the concerted
actors as specified in the Management Method for Information
Disclosure for Change of Shares Held by the Shareholders of
Listed Companies or not.
Shareholding of top 10 holders of shares with limited sales condition
Unit: Share
Name of the Trading of shares with limited sales
Shares with
holder of shares condition Limited sales
No. limited sales
with limited sales New tradable condition
condition held Tradable date
condition shares increased
As of the end of
Huangshan February 17, 2009 22,717,500 the report period,
1 Tourism Group 197,730,000 February 17, 2010 22,717,500 the maturing and
Co., Ltd. February 17, 2011 152,295,000 tradable shares of
the Company held
13
黄山旅游发展股份有限公司 2013 年半年度报告
by Huangshan
Tourism Group
Co., Ltd. have not
been unlocked
through
application, such
shares are still the
shares limited to
be sold.
3. Change of the controlling shareholder or the actual controller
During the report period the Company's controlling shareholder or actual controller was not
changed.
14
黄山旅游发展股份有限公司 2013 年半年度报告
7. Particulars of Directors, Supervisors and Senior Executives
1. Change of shareholding
1) Particulars of Directors, Supervisors and senior executives in service and leaving post during
the report period
Unit: Share
Increase or
Reason for
Shares held at Shares held decrease
Name Position increase or
beginning at end during the
decrease
report period
Trading in the
Vice Chairman,
Ye Zhengjun 0 10,000 10,000 secondary
president
market
2. Change of the Directors, Supervisors and senior executives
During the report period the Company did not have any personnel change of its Director, Supervisor
or senior executives.
15
黄山旅游发展股份有限公司 2013 年半年度报告
8. Financial Report (unaudited)
I. Financial statements
Consolidated Balance Sheet
June 30, 2013
Prepared by: Huangshan Tourism Development Co., Ltd.
Unit: RMB
Item Note Closing balance Beginning balance
Current assets:
Monetary fund 219,151,762.27 332,175,542.84
Settlement reserves
Loans to banks and other financial institutions
Transactional financial assets
Notes receivable 0.00 292,500.00
Accounts receivable 55,958,789.63 55,092,743.51
Advance payment 16,288,741.24 13,407,834.48
Premium receivable
Reinsurance accounts receivable
Contract reserve of reinsurance receivable
Interest receivable
Dividend receivable
Other receivables 31,832,497.69 12,441,467.41
Financial assets purchased under agreement to
resell
Inventories 880,714,958.08 841,632,693.60
Non-current assets due in one year
Other current assets 1,908,933.39 1,499,709.47
Subtotal of current assets 1,205,855,682.30 1,256,542,491.31
Non-current assets:
Disbursement of entrusted loans and advances
Salable financial assets
Held-to-maturity investments
Long-term receivables
Long-term equity investment 64,506,123.81 63,998,859.16
Investment real estate 5,182,736.94 5,325,759.84
Fixed assets 1,698,784,424.16 1,749,398,595.86
Construction in progress 181,684,072.34 132,027,988.65
Engineering material
Disposal of fixed assets 9,987.11
Productive biological assets
Oil gas assets
Intangible assets 80,414,222.34 81,246,837.68
16
黄山旅游发展股份有限公司 2013 年半年度报告
Development expenditure
Goodwill
Long-term prepaid expenses 48,852,818.95 51,698,817.11
Deferred income tax assets 34,787,419.51 34,787,419.51
Other non-current assets 4,600,000.00 4,650,000.00
Subtotal of non-current assets 2,118,821,805.16 2,123,134,277.81
Total of assets 3,324,677,487.46 3,379,676,769.12
Current liabilities:
Short-term loan 521,000,000.00 680,000,000.00
Loan from central bank
Customer bank deposits and due to banks and
other financial institutions
Placements from banks and other financial
institutions
Transactional financial liabilities
Notes payable
Accounts payable 119,696,465.40 207,880,698.74
Advance receipts 135,684,361.65 143,565,380.56
Financial assets sold under agreements to
repurchase
Handling charges and commission payable
Staff salary payable 18,761,428.40 37,604,372.70
Tax payable 501,595.08 52,549,466.55
Interest payable 1,298,483.76
Dividend payable 10,095,632.47 3,452,614.29
Other payables 311,772,510.54 282,308,021.17
Reinsurance accounts payable
Insurance contract reserves
Customer brokerage deposits
Securities underwriting brokerage deposits
Non-current liabilities due in one year
Other current liabilities
Subtotal of current liabilities 1,117,511,993.54 1,408,659,037.77
Non-current liabilities:
Long-term loan 179,124,580.00 19,124,580.00
Bonds payable
Long-term payables 6,863,845.05 6,863,845.05
Special payables
Estimated liabilities
Liabilities for deferred income tax 1,293,792.39 1,293,792.39
Other non-current liabilities 24,050,231.25 20,110,231.25
Subtotal of non-current liabilities 211,332,448.69 47,392,448.69
17
黄山旅游发展股份有限公司 2013 年半年度报告
Subtotal of liabilities 1,328,844,442.23 1,456,051,486.46
Owner's equity (or shareholders' equity):
Paid-in capital (or share capital) 471,350,000.00 471,350,000.00
Capital reserves 131,835,012.55 131,835,012.55
Less: Treasury stock
Special reserve
Surplus reserves 234,177,168.91 234,177,168.91
Provision for normal risk
Undistributed profit 1,136,187,465.24 1,063,687,545.91
Converted difference in foreign currency
statements
Owner's equity attributed to parent company 1,973,549,646.70 1,901,049,727.37
Minority interest 22,283,398.53 22,575,555.29
Total of owner's equity 1,995,833,045.23 1,923,625,282.66
Total of liabilities and owner's equity 3,324,677,487.46 3,379,676,769.12
Legal representative: Xu Jiwei Principal in charge of accounting: He Yifei Chief of accounting
dept.: He Yifei
Balance Sheet of Parent Company
June 30, 2013
Prepared by: Huangshan Tourism Development Co., Ltd.
Unit: RMB
Item Note Closing balance Beginning balance
Current assets:
Monetary fund 161,580,074.50 230,854,724.46
Transactional financial assets
Notes receivable
Accounts receivable 31,422,540.51 19,462,692.59
Advance payment 2,134,872.17 1,659,976.55
Interest receivable
Dividend receivable
Other receivables 909,400,812.26 795,656,144.70
Inventories 16,215,755.71 16,552,709.93
Non-current assets due in one year 346,011.61 575,139.90
Other current assets
Subtotal of current assets 1,121,100,066.76 1,064,761,388.13
Non-current assets:
Salable financial assets
Held-to-maturity investments
Long-term receivables
Long-term equity investment 325,849,942.34 325,647,652.41
Investment real estate
Fixed assets 1,341,029,191.86 1,387,034,692.86
18
黄山旅游发展股份有限公司 2013 年半年度报告
Construction in progress 142,191,357.87 110,206,637.87
Engineering material
Disposal of fixed assets
Productive biological assets
Oil gas assets
Intangible assets 80,620,154.16 81,372,829.16
Development expenditure
Goodwill
Long-term prepaid expenses 22,361,421.24 25,837,933.94
Deferred income tax assets 32,182,150.86 32,182,150.86
Other non-current assets 200,000.00 200,000.00
Subtotal of non-current assets 1,944,434,218.33 1,962,481,897.10
Total of assets 3,065,534,285.09 3,027,243,285.23
Current liabilities:
Short-term loan 521,000,000.00 680,000,000.00
Transactional financial liabilities
Notes payable
Accounts payable 24,498,288.39 63,910,886.40
Advance receipts 5,836,705.79 7,031,370.75
Staff salary payable 14,830,983.17 32,264,757.36
Tax payable 1,958,770.60 41,968,593.13
Interest payable 1,298,483.76
Dividend payable
Other payables 327,648,711.85 254,933,394.46
Non-current liabilities due in one year
Other current liabilities
Subtotal of current liabilities 895,773,459.80 1,081,407,485.86
Non-current liabilities:
Long-term loan 179,124,580.00 19,124,580.00
Bonds payable
Long-term payables
Special payables
Estimated liabilities
Liabilities for deferred income tax
Other non-current liabilities 9,890,231.25 7,210,231.25
Subtotal of non-current liabilities 189,014,811.25 26,334,811.25
Subtotal of liabilities 1,084,788,271.05 1,107,742,297.11
Owner's equity (or shareholders' equity):
Paid-in capital (or share capital) 471,350,000.00 471,350,000.00
Capital reserves 145,402,880.49 145,402,880.49
Less: Treasury stock
Special reserve
19
黄山旅游发展股份有限公司 2013 年半年度报告
Surplus reserves 232,144,034.10 232,144,034.10
Provision for normal risk
Undistributed profit 1,131,849,099.45 1,070,604,073.53
Subtotal of owner's equity (or shareholders' equity) 1,980,746,014.04 1,919,500,988.12
Total of liabilities and owner's equity (or
3,065,534,285.09 3,027,243,285.23
shareholders' equity)
Legal representative: Xu Jiwei Principal in charge of accounting: He Yifei Chief of accounting
dept.: He Yifei
Consolidated Income Statement
January to June, 2013
Unit: RMB
Amount of Amount of
Item Note
current period previous period
1. Gross operating income 695,444,918.47 748,481,634.40
Incl.: Operating income 695,444,918.47 748,481,634.40
Interest income
Earned premium
Income from handling charges and commissions
2. Gross operating cost 586,218,413.46 564,637,610.17
Incl.: Operating cost 453,726,560.48 443,864,125.20
Interest expense
Expenditure for handling charges and
commissions
Surrenders
Net payment of claims
Net reserve of insurance contract appropriated
Policy dividend expenditure
Reinsurance premium
Business tax and extra 29,125,391.49 28,985,935.64
Selling expenses 2,588,197.47 1,188,276.28
Management expenses 98,680,587.42 89,408,305.88
Financial expenses 2,097,676.60 1,190,967.17
Loss from depreciation of assets
Plus: Income from change of fair value (for loss filled
in "－")
Investment income (for loss filled in "－") -992,735.35 8,048,323.60
Incl.: Investment income from affiliated enterprises
-992,735.35 48,323.60
and joint ventures
Foreign exchange gains (for loss filled in "-")
3. Operating profit (for loss filled in "－") 108,233,769.66 191,892,347.83
Plus: Non-operating income 4,326,939.73 470,458.22
Less: Non-operating expenses 3,223,328.33 172,609.21
20
黄山旅游发展股份有限公司 2013 年半年度报告
Incl.: Loss from disposal of non-current assets 3,052,646.10 95,776.77
4. Gross profit (for gross loss filled in "－") 109,337,381.06 192,190,196.84
Less: Income tax expenses 30,486,600.31 43,741,520.05
5. Net profit (for net loss filled in "－") 78,850,780.75 148,448,676.79
Net profit attributed to parent company's owners 72,499,919.33 139,533,530.88
Minority's profit and loss 6,350,861.42 8,915,145.91
6. Earnings per share:
1) Basic earnings per share 0.1538 0.2960
2) Diluted earnings per share 0.1538 0.2960
7. Other composite income
8. Total amount of composite income
Total composite income attributed to owners of parent
company
Total composite income attributed to minority
shareholders
For the business merger under same control in the report period, the net profit realized before the
merger by the merged party was RMB 17,605,754.83.
Legal representative: Xu Jiwei Principal in charge of accounting: He Yifei Chief of accounting
dept.: He Yifei
Income Statement of Parent Company
January to June, 2013
Unit: RMB
Amount of Amount of
Item Note
current period previous period
1. Operating income 394,990,963.28 491,593,428.09
Less: Operating cost 250,725,042.26 273,694,607.02
Business tax and extra 15,617,261.39 20,668,892.53
Selling expenses
Management expenses 77,003,470.24 72,014,117.17
Financial expenses 6,132,063.49 16,532,036.67
Loss from depreciation of assets
Plus: Income from change of fair value (for loss filled
in "－")
Investment income (for loss filled in "－") 26,774,362.65 37,887,957.34
Incl.: Investment income from affiliated enterprises
202,289.93 48,323.60
and joint ventures
2. Operating profit（for loss filled in "－") 72,287,488.55 146,571,732.04
Plus: Non-operating income 3,584,503.95 304,563.58
Less: Non-operating expenses 3,136,745.49 91,344.01
Incl.: Loss from disposal of non-current assets 3,028,881.02 89,344.01
3. Gross profit (for total loss filled in "－") 72,735,247.01 146,784,951.61
21
黄山旅游发展股份有限公司 2013 年半年度报告
Less: Income tax expenses 11,490,221.09 27,224,248.57
4. Net profit (for net loss filled in "－") 61,245,025.92 119,560,703.04
5. Earnings per share:
1) Basic earnings per share
2) Diluted earnings per share
6. Other composite income
7. Total amount of composite income
Legal representative: Xu Jiwei Principal in charge of accounting: He Yifei Chief of accounting
dept.: He Yifei
Consolidated Cash Flow Statement
January to June, 2013
Unit: RMB
Amount of Amount of
Item Note
current period previous period
1. Cash flow from operating activities:
Cash received from sale of goods and rendering of
656,343,528.10 814,165,560.38
service
Net increase in customer bank deposits and due to
banks and other financial institutions
Net increase of loan from central bank
Net increase in placements from other financial
institutions
Cash received from premium of original insurance
contract
Net cash received from reinsurance business
Net increase in deposits from policyholders
Net increase in disposal of transactional financial
assets
Cash from receipt of interest, handling charge and
commission
Net increase in placements from banks and other
financial institutions
Net increase in repurchase business capital
Tax rebates received 1,296,700.00
Other cash related to operating activities received 10,739,635.73 12,000,931.83
Subtotal of cash inflow from operating activities 668,379,863.83 826,166,492.21
Cash paid for purchase of goods and acceptance of
264,197,892.98 341,589,991.31
service
Net increase of customer loan and advances
Net increase in deposits with central bank and other
financial institutions
Original insurance contract claims paid
Interest, handling charges and commissions paid
22
黄山旅游发展股份有限公司 2013 年半年度报告
Policyholder dividend paid
Cash paid to and for employees 107,370,472.86 111,146,904.03
Cash paid for taxes and surcharges 132,553,614.42 146,653,993.31
Cash paid for other operating activities 139,853,629.77 192,929,915.28
Subtotal of cash outflow from operating activities 643,975,610.03 792,320,803.93
Net cash flow from operating activities 24,404,253.80 33,845,688.28
2. Cash flow from investment activities:
Cash received from disinvestment
Cash received from investment income
Net cash received from disposal of fixed assets,
5,220.00 111,965.00
intangible assets and other long-term assets
Net cash received from disposal of subsidiaries and
other business units
Other cash received related to investment activities 558,007.69 955,789.75
Subtotal of cash inflow from investment activities 563,227.69 1,067,754.75
Cash paid for purchase of fixed assets, intangible
113,463,381.26 160,393,857.47
assets and other long-term assets
Cash paid for investment 1,500,000.00 3,400,000.00
Net increase of pledge loan
Net cash paid for acquisition of subsidiaries and other
business units
Other cash paid related to investment activities 155,000.00
Subtotal of cash outflow from investment activities 114,963,381.26 163,948,857.47
Net cash flow from investment activities -114,400,153.57 -162,881,102.72
3. Cash flow from financing activities:
Cash received from capital contributions
Incl.: Cash received by subsidiaries from capital
contributions of minority shareholders
Cash received from loan 620,000,000.00 510,000,000.00
Cash received from issuing bonds
Other cash received related to financing activities
Subtotal of cash inflow from financing activities 620,000,000.00 510,000,000.00
Cash paid for debt settlement 619,000,000.00 321,000,000.00
Cash paid for distribution of dividend or profit or for
24,027,880.80 22,106,154.02
payment of interest
Incl.: Dividend and profit paid by subsidiaries to
minority shareholders
Other cash paid related to financing activities
Subtotal of cash outflow from financing activities 643,027,880.80 343,106,154.02
Net cash flow from financing activities -23,027,880.80 166,893,845.98
4. Impact of change in exchange rate on cash and
cash equivalents
5. Net increase in cash and cash equivalents -113,023,780.57 37,858,431.54
23
黄山旅游发展股份有限公司 2013 年半年度报告
Plus: Beginning balance of cash and cash equivalents 332,175,542.84 254,704,507.27
6. Closing balance of cash and cash equivalents 219,151,762.27 292,562,938.81
Legal representative: Xu Jiwei Principal in charge of accounting: He Yifei Chief of accounting
dept.: He Yifei
Cash Flow Statement of Parent Company
January to June, 2013
Unit: RMB
Amount of Amount of
Item Note
current period previous period
1. Cash flow from operating activities:
Cash received from sale of goods and rendering of
441,194,443.75 562,345,688.18
service
Tax rebates received 1,296,700.00
Other cash related to operating activities received 6,532,107.55 8,801,408.25
Subtotal of cash inflow from operating activities 449,023,251.30 571,147,096.43
Cash paid for purchase of goods and acceptance of
74,982,719.00 102,832,655.32
service
Cash paid to or for employees 80,039,402.33 88,089,164.73
Cash paid for taxes and surcharges 75,957,722.83 106,118,819.13
Other cash paid related to operating activities 191,397,069.66 293,904,907.86
Subtotal of cash outflow from operating activities 422,376,913.82 590,945,547.04
Net cash flow from operating activities 26,646,337.48 -19,798,450.61
2. Cash flow from investment activities:
Cash received from disinvestment
Cash received from investment income
Net cash received from disposal of fixed assets,
5,220.00 111,965.00
intangible assets and other long-term assets
Net cash received from disposal of subsidiaries and
other business units
Other cash related to investment activities received 397,755.66 794,663.76
Subtotal of cash inflow from investment activities 402,975.66 906,628.76
Cash paid for purchase of fixed assets, intangible
73,296,082.30 111,675,516.96
assets and other long-term assets
Cash paid for investment
Net cash paid for acquisition of subsidiaries and other
business units
Other cash paid related to investment activities 82,000.00
Subtotal of cash outflow from investment activities 73,296,082.30 111,757,516.96
Net cash flow from investment activities -72,893,106.64 -110,850,888.20
3. Cash flow from financing activities:
Cash received from capital contributions
Cash received from loan 620,000,000.00 510,000,000.00
Cash received from issuing bonds
24
黄山旅游发展股份有限公司 2013 年半年度报告
Other cash received related to financing activities
Subtotal of cash inflow from financing activities 620,000,000.00 510,000,000.00
Cash paid for debt settlement 619,000,000.00 306,000,000.00
Cash paid for distribution of dividend or profit or for
24,027,880.80 17,161,251.43
payment of interest
Other cash paid related to financing activities
Subtotal of cash outflow from financing activities 643,027,880.80 323,161,251.43
Net cash flow from financing activities -23,027,880.80 186,838,748.57
4. Impact of change in exchange rate on cash and
cash equivalents
5. Net increase in cash and cash equivalents -69,274,649.96 56,189,409.76
Plus: Beginning balance of cash and cash equivalents 230,854,724.46 183,790,692.71
6. Closing balance of cash and cash equivalents 161,580,074.50 239,980,102.47
Legal representative: Xu Jiwei Principal in charge of accounting: He Yifei Chief of accounting
dept.: He Yifei
25
黄山旅游发展股份有限公司 2013 年半年度报告
Consolidated Statement of Changes in Owner's Equity
January to June, 2013
Unit: RMB
Amount of current period
Owner's equity attributed to parent company
Provision
Item Less: Minority Total of owner's
Paid-in capital Capital Special Surplus for Undistributed
Treasury Other interest equity
(or share capital) reserves reserve reserves normal profit
stock
risk
1. Balance at end of
471,350,000.00 131,835,012.55 234,177,168.91 1,063,687,545.91 22,575,555.29 1,923,625,282.66
last year
Plus: Change in
accounting
policy
Correction
of errors in
previous
period
Other
2. Balance at
beginning of the 471,350,000.00 131,835,012.55 234,177,168.91 1,063,687,545.91 22,575,555.29 1,923,625,282.66
year
3. Increase or
decrease of
current period 72,499,919.33 -292,156.76 72,207,762.57
(for decrease
filled in "－")
1) Net profit 72,499,919.33 6,350,861.42 78,850,780.75
2) Other composite
income
Subtotal of above 1)
72,499,919.33 6,350,861.42 78,850,780.75
and 2)
26
黄山旅游发展股份有限公司 2013 年半年度报告
3) Capital
contributed or
reduced by the
owner
(1) Capital
contributed by
the owner
(2) Payment for
shares attributed
into owner's
equity
(3) Other
4) Profit distribution -6,643,018.18 -6,643,018.18
(1) Appropriated
surplus reserves
(2) Appropriated
provision for
normal risk
(3) Distribution to
owners (or -6,643,018.18 -6,643,018.18
shareholders)
(4) Other
5) Internal transfer
of owner's equity
(1) Capital reserves
transferred into
capital (or share
capital)
(2) Surplus reserves
transferred into
capital (or share
capital)
(3) Surplus reserves
covering loss
27
黄山旅游发展股份有限公司 2013 年半年度报告
(4) Other
6) Special reserve
(1) Appropriated in
current period
(2) Used in current
period
7) Other
4. Closing balance
471,350,000.00 131,835,012.55 234,177,168.91 1,136,187,465.24 22,283,398.53 1,995,833,045.23
of current period
Unit: RMB
Amount at same period of last year
Owner's equity attributed to parent company
Provision
Item Less: Minority Total of owner's
Paid-in capital Special for Undistributed
Capital reserves Treasury Surplus reserves Other interest equity
(or share capital) reserve normal profit
stock
risk
1. Balance at end of
471,350,000.00 131,835,012.55 212,282,684.99 911,562,786.53 19,237,414.67 1,746,267,898.74
last year
Plus: Change in
accounting
policy
Correction
of errors in
previous
period
Other
2. Balance at
beginning of the 471,350,000.00 131,835,012.55 212,282,684.99 911,562,786.53 19,237,414.67 1,746,267,898.74
year
3. Increase or
decrease of 139,533,530.88 1,455,237.48 140,988,768.36
current period (for
28
黄山旅游发展股份有限公司 2013 年半年度报告
decrease filled in
"－")
1) Net profit 139,533,530.88 8,915,145.91 148,448,676.79
2) Other composite
income
Subtotal of above 1)
139,533,530.88 8,915,145.91 148,448,676.79
and 2)
3) Capital
contributed or
reduced by the
owner
(1) Capital
contributed by
the owner
(2) Payment for
shares attributed
into owner's
equity
(3) Other
4) Profit distribution -7,459,908.43 -7,459,908.43
(1) Appropriated
surplus reserves
(2) Appropriated
provision for
normal risk
(3) Distribution to
owners (or -7,459,908.43 -7,459,908.43
shareholders)
(4) Other
5) Internal transfer
of owner's equity
(1) Capital reserves
transferred into
capital (or share
29
黄山旅游发展股份有限公司 2013 年半年度报告
capital)
(2) Surplus reserves
transferred into
capital (or share
capital)
(3) Surplus reserves
covering loss
(4) Other
6) Special reserve
(1) Appropriated in
current period
(2) Used in current
period
7) Other
4. Closing balance
471,350,000.00 131,835,012.55 212,282,684.99 1,051,096,317.41 20,692,652.15 1,887,256,667.10
of current period
Legal representative: Xu Jiwei Principal in charge of accounting: He Yifei Chief of accounting dept.: He Yifei
Statement of Changes in Owners' Equity of Parent Company
January to June, 2013
Unit: RMB
Amount of current period
Provision
Paid-in capital Less:
Item Capital Special Surplus for Undistributed Total of owner's
(or share Treasury
reserves reserve reserves normal profit equity
capital) stock
risk
1. Balance at end of last year 471,350,000.00 145,402,880.49 232,144,034.10 1,070,604,073.53 1,919,500,988.12
Plus: Change in
accounting policy
Correction of errors
in previous period
Other
2. Balance at beginning of 471,350,000.00 145,402,880.49 232,144,034.10 1,070,604,073.53 1,919,500,988.12
30
黄山旅游发展股份有限公司 2013 年半年度报告
the year
3. Increase or decrease of
current period (for 61,245,025.92 61,245,025.92
decrease filled in "－")
1) Net profit 61,245,025.92 61,245,025.92
2) Other composite income
Subtotal of above 1) and 2) 61,245,025.92 61,245,025.92
3) Capital contributed or
reduced by the owner
(1) Capital contributed by
the owner
(2) Payment for shares
attributed into owner's
equity
(3) Other
4) Profit distribution
(1) Appropriated surplus
reserves
(2) Appropriated provision
for normal risk
(3) Distribution to owners
(or shareholders)
(4) Other
5) Internal transfer of
owner's equity
(1) Capital reserves
transferred into capital (or
share capital)
(2) Surplus reserves
transferred into capital (or
share capital)
(3) Surplus reserves covering
loss
(4) Other
31
黄山旅游发展股份有限公司 2013 年半年度报告
6) Special reserve
(1) Appropriated in current
period
(2) Used in current period
7) Other
4. Closing balance of current
471,350,000.00 145,402,880.49 232,144,034.10 1,131,849,099.45 1,980,746,014.04
period
Unit: RMB
Amount at same period of last year
Provision
Paid-in capital Less:
Item Capital Special Surplus for Undistributed Total of owner's
(or share Treasury
reserves reserve reserves normal profit equity
capital) stock
risk
1. Balance at end of last year 471,350,000.00 145,402,880.49 210,249,550.18 939,542,718.27 1,766,545,148.94
Plus: Change in accounting
policy
Correction of errors
in previous period
Other
2. Balance at beginning of
471,350,000.00 145,402,880.49 210,249,550.18 939,542,718.27 1,766,545,148.94
the year
3. Increase or decrease of
current period (for 119,560,703.04 119,560,703.04
decrease filled in "－")
1) Net profit 119,560,703.04 119,560,703.04
2) Other composite income
Subtotal of above 1) and 2) 119,560,703.04 119,560,703.04
3) Capital contributed or
reduced by the owner
(1) Capital contributed by
the owner
32
黄山旅游发展股份有限公司 2013 年半年度报告
(2) Payment for shares
attributed into owner's
equity
(3) Other
4) Profit distribution
(1) Appropriated surplus
reserves
(2) Appropriated provision
for normal risk
(3) Distribution to owners
(or shareholders)
(4) Other
5) Internal transfer of
owner's equity
(1) Capital reserves
transferred into capital (or
share capital)
(2) Surplus reserves
transferred into capital (or
share capital)
(3) Surplus reserves covering
loss
(4) Other
6) Special reserve
(1) Appropriated in current
period
(2) Used in current period
7) Other
4. Closing balance of current
471,350,000.00 145,402,880.49 210,249,550.18 1,059,103,421.31 1,886,105,851.98
period
Legal representative: Xu Jiwei Principal in charge of accounting: He Yifei Chief of accounting dept.: He Yifei
33
黄山旅游发展股份有限公司 2013 年半年度报告
II. Basic information of the Company
With an initial of 113,000,000 state-owned legal person shares, Huangshan Tourism Development
Co., Ltd.（hereinafter referred to as "the Company"） was established soly by Huangshan Tourism
Group Co., Ltd. (hereinafter referred to as "Huangshan Tourism Group Co., Ltd.") with its own net
assets in Huangshan, Anhui of China on November 18, 1996. On October 30, 1996 the Company
was approved to issue 80,000,000 domestic listed foreign capital shares (B share) on November 18,
1996. On April 17, 1997 it was approved to issue 40,000,000 domestic listed Renminbi ordinary
shares (A share). According to the resolution of the shareholders' meeting held on October 15,
1999, the Company transferred its capital reserves into RMB 69,900,000.00 by increasing 3 shares
for every 10 shares held (with 233,000,000 shares as the basis). According to the resolution of the
shareholders' meeting held on October 13, 2006, the Company transferred its capital reserves into
RMB 151,450,000.00 by increasing 5 shares for every 10 shares held (with 302,900,000 shares as
the basis). On July 13, 2007 China Securities Regulatory Committee approved this private
issuance of 17,000,000 A shares by the Company in the Notice on Approving the Private Issuance
of Shares of Huangshan Tourism Development Co., Ltd. (ZJFXZ【2007】 No. 178). Thus, the
Company's registered capital has been changed to RMB 471,350,000.00 and the share capital has
increased to RMB 471,350,000.00.
Both A share and B share of the Company are listed in Shanghai Securities Exchange, share name:
Huangshan Tourism (A share), Huangshan B Share (B share); share code: 600054 (A share),
900942 (B share).
The Company's business scope: Tourist reception and service, development and sales of tourist
commodities, tourist transportation, food service (only its affiliates can make the operation),
exploitation on tourism resource, organizing of trade activities related to tourism, information
consultation and development operation and leasing of real estate.
III. The Company's main accounting policies, accounting estimates and correction of error from
previous period:
1. Basis for preparing financial statements:
The Company conducts confirmation and measurement and prepares financial statements based on
the continuity assumption, actual transactions and events and the provisions explained in the
Enterprise Accounting Standard and its application guidance and codes.
2. Declaration on Observing of Enterprise Accounting Standard
The financial statements prepared by the Company according to above basis meet the requirements
explained in the Enterprise Accounting Standard and its application guideline and code, and has
truly and completely reflected the Company's relevant information such as its financial status as of
June 30, 2013 and operating results and cash flow in the first half year of 2013.
3. Accounting period:
The Company adopts Gregorian calendar system, i.e., from January 1 to December 31 as an
accounting year.
4. Recording currency:
The Company's recording currency is Renminbi.
5. Accounting process for business merger under same control and different control
(1) Consolidation under same control
The assets and liabilities acquired by the Company in business merger shall be measured
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黄山旅游发展股份有限公司 2013 年半年度报告
according to the book value of the merged party at the date of merger. For the difference between
the book value of net assets acquired by the Company and the book value of the consideration paid
for merger (or the total face value of the related shares), the capital reserves shall be adjusted; and
if the capital reserve is insufficient for offset, the retained income shall be adjusted.
(2) Business merger not under same control
For the difference by which at the date of purchase the merger cost is greater than the fair value of
the net assets recognized by the purchaser and acquired in the merger, the Company shall deem
this as goodwill. If the merger cost is less than the fair value of the net assets recognized by the
purchaser and acquired in the merger, first the Company shall check the measurement on the fair
value of all the acquired assets, liabilities and contingent liabilities recognized by the purchaser
party and on the merger cost, and if after check the merger cost is still less than the fair value of
the net assets recognized by the purchase party and acquired in merger, the difference shall be
attributed to the net profit or loss of current period.
(3) Impairment test of goodwill
For the goodwill obtained in merger, the Company shall make impairment test at end of each year,
and the test shall be made in combination with relevant assets group(s); comparing the account
value (including the account value of shared goodwill) and reclaimable amount of relevant assets
group(s), if the reclaimable amount of the relevant assets group(s) is lower than the account value,
then it shall confirm the loss from impairment of goodwill.
6. The preparing method for consolidated financial statements:
All the subsidiaries which can be controlled by the Company and the entities with special purpose
(hereinafter referred to as "consolidated companies") should be included into the consolidation
range. The consolidated companies, if with adopted accounting period and accounting policies
inconsistent with the parent company, have already adjusted their financial statements according to
the accounting period and accounting policies of parent company. Based on the financial
statements of parent company and the adjusted financial statements of the consolidated companies,
the parent company should adjust long-term equity investment of the consolidated companies with
equity method to prepare the financial statements. The mutual internal transactions and fund flow
among the parent company and the consolidated companies can be offset in consolidation.
7. Standard for confirming cash and cash equivalents:
Cash means the cash on hand in the enterprise and the deposit which can be used for payment at
any time. Cash equivalents mean the investments with short term (generally due in 3 months from
the purchasing date), high liquidity, low risk of value fluctuation and easy to be converted to cash
with known amount.
8. Foreign currency operations and conversion of foreign currency statements:
(1) For initial confirmation of a transaction with foreign currency, the Company adopts the spot
exchange rate at the date of transaction to convert the foreign currency into the recording currency.
At the date of balance sheet, the Company will dispose monetary items of foreign currency and
non-monetary items of foreign currency in accordance with following provisions:
① For monetary items of foreign currency, the spot exchange rate at the date of balance sheet shall be
used in conversion. The exchange balance due to the difference between the spot exchange rate at
the date of balance sheet and the spot exchange rate at initial confirmation or at the date of
previous balance sheet, shall be attributed to the profit and loss of current period.
② For the non-monetary items of foreign currency measured with historical cost, still the spot
exchange rate at the date of transaction shall be used, and the amount of recording currency shall
not be changed.
(2) Conversion of foreign currency statements
Before making conversion for the financial statements for overseas operation, the Company first
shall adjust the accounting period and accounting policy for overseas operation, making them
consistent with the accounting period and accounting policy of the enterprise, then shall prepare
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黄山旅游发展股份有限公司 2013 年半年度报告
the financial statements with related currency (other than the recording currency) in accordance
with the adjusted accounting policy and accounting period, and then make conversion for the
financial statements for overseas operation.
① The items of assets and liabilities in balance sheet shall be converted with the spot exchange rate at
the date of balance sheet, and the items under owner's equity, except the "undistributed profit",
shall be converted with the spot exchange rate at the date of occurring.
② The items of income and expense in the income statement shall be converted with the spot
exchange rate or approximate value of spot exchange rate at the date of the deal occurring.
③ The generated conversion difference of the foreign currency financial statements, in preparing of
consolidated financial statement, shall be presented under the owner's equity of the consolidated
balance sheet as "Conversion variation of foreign currency" individually.
9. Financial instruments:
(1) Financial assets are divided into following four types:
① Financial assets measured in fair value and having its change attributed into profit and loss of
current period
This mainly refers to shares, bonds, funds and derivative instruments not used as effective hedge
instrument, held by the Company for sale in the near future. It includes the transactional financial
assets and the financial assets directly appointed to be measured in fair value and with its change
attributed into profit and loss of current period. Such assets shall make the fair value obtained in
initial measurement as the initial confirmation amount, and related transaction cost shall be
attributed to the profit and loss of current period while occurring. If the payment contains the cash
dividend declared but not distributed yet or the bond interest expired but not drawn yet, these shall
be separately confirmed as receivables. The interest or cash dividend obtained during the holding
period shall be confirmed as investment income. At the date of balance sheet, the Company shall
measure such financial assets in fair value and make their change attributed into profit and loss of
current period. In disposal of such financial assets, the difference between its fair value and initial
book amount shall be confirmed as investment income, and meanwhile the profit and loss due to
change of fair value shall be adjusted.
② Held-to-maturity investments
This mainly refers to the national bond with fixed interest rate and company's bond with floating
interest rate, having fixed maturity date and fixed or ascertainable reclaimable amount and held by
the Company with clear intention and ability to maturity date. For such financial assets, the sum of
the fair value obtained and the related transaction cost shall be made as the initial confirmation
amount. The bond interest matured but not drawn yet, included in the payment, shall be separately
confirmed as receivable. For held-to-maturity investments during holding period, the interest
income shall be calculated according to the amortized cost and real interest rate, and attributed to
investment income. In disposal of held-to-maturity investments, the difference between the
obtained price and the book value of the investment shall be attributed into investment income.
③ Receivables
Receivables include accounts receivable and other receivables. Accounts receivable refers to the
receivables due to sale of goods or rendering of service by the Company. For accounts receivable,
the contractual or agreed price to be received from the purchase party shall be made as initial
confirmation amount.
④ Salable financial assets
It mainly refers to the financial assets, held-to-maturity investments, loan and financial assets in
receivables which have not been measured in fair value by the Company and whose change shall
be attributed into profit and loss of current period. For salable financial asset, the sum of the fair
value in obtaining of the financial assets and the related transaction cost shall be made as initial
confirmation amount. The bond interest with interest payment period expired but not drawn yet or
the cash dividend declared but not distributed, which are contained in the payment, shall be
separately confirmed as receivables. The interest or cash dividend obtained during the period for
holding of the salable financial asset shall be attributed into investment income. At the date of
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黄山旅游发展股份有限公司 2013 年半年度报告
balance sheet, the salable financial asset shall be measured in fair value and the change of fair
value shall be attributed into capital reserves. In disposal of salable financial asset, the difference
between the price obtained and the book value of the financial assets shall be attributed into
investment income, and meanwhile the amount related to the disposed portion in the total change
in fair value originally directly attributed into owner's equity, shall be attributed into investment
income.
(2) Financial liabilities shall be divided into following two types in initial confirmation:
① The financial liabilities measured in fair value and having its change attributed into profit and loss
of current period, shall includes the transactional financial liabilities and the financial liabilities
designate as measured in fair value and having its change attributed into profit and loss of current
period; such financial liabilities shall be measured in fair value in initial confirmation, the related
transaction cost shall be directly attributed into profit and loss of current period, and the change of
fair value shall be attributed into profit and loss of current period at the date of balance sheet.
② Other financial liabilities refers to such financial liabilities other than that measured in fair value
and having their change attributed into profit and loss of current period.
(3) Confirmation method for fair value of main financial assets and financial liabilities:
① For financial assets or financial liabilities having active market, the fair value shall be confirmed
according to the offer in active market.
② For financial instruments having no active market, the Company shall adopt assessment technique
to confirm the fair value.
(4) Transfer of financial assets
① While having transferred nearly all risks and rewards in the ownership of financial assets to the
transfer-in party, the Company shall terminate the confirmation for this financial assets.
While the whole transfer of the financial assets meets the condition for terminating of confirmation,
the Company shall attribute the difference between following two items into profit and loss of
current period:
A. The book value of transferred financial assets.
B. The sum of the consideration received for transfer and the aggregated amount of change in fair
value originally directly attributed into owner's equity.
If partial transfer of the financial assets meets the condition for terminating of confirmation, the
total book value of the transferred financial assets shall be divided into the part with its
confirmation terminated and the part with its confirmation not terminated respectively as per the
corresponding fair value, and the difference between following two amounts shall be attributed to
the profit and loss of current period:
A. The book value of the part with its confirmation terminated.
B. The sum of the consideration for the part with its confirmation terminated and the amount related
to the part with its confirmation terminated in the aggregated amount of change in fair value
originally directly attributed into owner's equity.
② If the transfer of the financial assets does not meet the condition for terminating of confirmation,
the Company shall continue to confirm such financial assets, and confirm the consideration
received as a financial liability.
(5) The testing for impairment of financial assets and the appropriation of provision for impairment
① The Company shall appropriate the provision for impairment while there are following evidences
indicating the impairment of the financial assets:
A. The issuance party or debtor has met severe financial difficulties.
B. The debtor violates the contract terms, such as default or overdue in reimbursement of interest or
principal.
C. The creditor makes concession to the debtor with financial difficulties in consideration of
economy or law.
D. The debtor may go into liquidation or proceed to other financial reorganization.
E. The financial assets cannot continue to trade in active market due to severe financial difficulties of
the issuing party.
F. It is impossible to recognize whether the cash flow of an asset in a group financial assets has
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黄山旅游发展股份有限公司 2013 年半年度报告
decreased or not, but through total appraisal to the disclosed data, you can find for this group of
financial assets the estimated future cash flow since the initial confirmation has already decreased
and can be measured.
G. The technique, market, economy or legal environment for the debtor have got significant
unfavourable change, and this possibly makes the investor of equity instrument unable to reclaim
the cost of the investment.
H. The fair value of investment in equity instrument falls down severely or not temporarily.
I. Other objective evidences indicating impairment of the financial assets.
② At the date of balance sheet the Company adopts different methods to make impairment tests for
different kinds of financial assets, and appropriates the provision for impairment:
A. Transactional financial assets: Reflected in fair value at the date of balance sheet, and the change
of fair value shall be attributed into profit and loss of current period.
B. Held-to-maturity investments: For the held-to-maturity investments with objective evidences
indicating impairment of such investments, the Company shall calculate and confirm the loss
from impairment according to the difference between the book value and the current value of
estimated future cash flow at the date of balance sheet.
C. Salable financial asset: At the date of balance sheet, the Company shall make analytical judgment
on the impairment of salable financial asset to make sure whether the fair value of the financial
assets will decrease persistently or not. In general, if the fair value of salable financial assets has
decreased greatly or after consideration of various related factors the decreasing trend is expected
to be not provisional, the Company may deem the salable financial asset has been impaired and
confirm the loss from impairment. If the salable financial asset is impaired, the Company shall, in
confirmation of the loss from impairment, transfer the aggregate losses due to decrease of fair
value originally attributed to the owner's equity out and attribute them to the loss from
impairment of assets.
10. Receivables:
(1) Receivables with significant individual amount and provisions for bad debt appropriated
individually:
The Company deems the receivables (including
The standard for judgment on the significant accounts receivable and other receivable) with the
individual amount amount of more than RMB 1 million as significant
individual amount.
For the receivables with significant individual
amount, the impairment test shall be conducted
individually. If there is objective evidence
The appropriating method for the receivables with indicating its impairment, the Company shall
significant individual amount and provisions for bad confirm the loss from impairment according to the
debt appropriated individually difference by which the current value of future
cash flow is lower than the book value, and
appropriate the provisions for bad debt
accordingly.
(2) Receivables with provisions for bad debt appropriated according to combination:
The basis for defining combination:
Combination name Basis
For the receivables with significant individual
amount and not impaired through individual test
The combination with account age as the credit risk and the receivables with non-significant individual
feature amount, the Company shall make combination
with the time for generating the receivables as the
feature of credit risk.
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黄山旅游发展股份有限公司 2013 年半年度报告
The Company shall make the receivables of the
subsidiaries which can be controlled and included
The combination with receivables of the subsidiaries
into consolidated statements range as the
combination of credit risk feature.
The method for appropriating provisions for bad debt according to combination:
Combination name Appropriation method
The combination with account age as the credit risk
Aging analysis method
feature
The combination with receivables of the subsidiaries
The receivables with provisions for bad debt appropriated with aging analysis method in the
combinations:
Appropriation ratio for accounts Appropriation ratio for other
Account age
receivable receivables
1 year or less 3% 3%
Incl.:
Over 2 years 100% 100%
1-2 years 50% 50%
(3) Account receivable with non-significant individual amount but with provisions for bad debt
appropriated individually:
For the receivables with non-significant individual
amount and distinctly different individual credit risk
feature, but with objective evidence proving its
impairment, the provision for bad debt appropriated
as per aging analysis method cannot reflect the
Reason for appropriating provisions for bad debt
actual condition, and the Company shall make the
individually
impairment test separately and confirm the loss
from impairment according to the difference by
which the current value of future cash flow is lower
than the book value, and appropriate the provisions
for bad debt accordingly.
11. Inventory:
(1) Classification of inventories
Inventory means the commodities, materials and work-in-process under production (building)
progress held by the Company in day-to-day operation activities for sale or use, including
commodity stocks such as foodstuff and beverage, circulating materials and spare parts,
development cost of real estate, developed products, etc.
(2) Valuation method for issued inventory
The Company shall valuate the issuing of inventories as per weighed average method except the
developed real estate products, whose actual cost shall be confirmed through individual
confirmation method. See follows:
① Accounting method for the land used in development: The land purchased for development
shall be attributed to the "development cost－expropriation of land and the cost for relocation
and compensation" after the land price has paid as per the "land transfer agreement" and the
certificate of property right has been obtained. For a project with unit operation, all the cost
shall be transferred into the development product after completion of the developed house
property; for a project developed in installments, the cost shall be attributed to the cost of
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黄山旅游发展股份有限公司 2013 年半年度报告
commodity house in each period as per the ratio of the actual floor area of the products
developed in each period in the total area of the land used for development. The land planned
to be developed in future period shall be still kept in the "development cost－expropriation of
land and the cost for relocation and compensation".
② The accounting method for the expense of public supporting facilities: A. The public
supporting facilities unable to be transferred with compensation: For the project developed in
installments, the Company shall appropriate in advance the public supporting facilities
expense (not occurring yet) in the development cost, and after the developed products in each
period have been completed with the final acceptance, the expense shall be attributed to the
cost of commodity house in each period as per the ratio of the floor area of the products
developed in each period in the total area of the land used for development. For the project
developed as a whole unit, the actual expenditure shall be attributed into the development
cost, and the public supporting facilities expenses shall, after completion of the developed
house property, be transferred into the cost of the commodity housing. B. The public
supporting facilities able to be transferred with compensation: Each supporting facilities
project shall be independently made as cost accounting object and attributed into cost.
(3) The basis for deciding the net realizable value of the inventories and the method for
appropriating provision for depreciation of inventories
The inventories at the date of balance sheet shall be measured as per the lower between the cost
and net realizable value, and if the inventory cost is higher than net realizable value, the Company
will appropriate the provision for depreciation of inventories and attributed it into profit or loss of
current period.
The net realizable value of inventories shall be confirmed based on the acquired reliable evidence
and in consideration of the factors such as the purpose for holding the inventory and the events
after the balance sheet date.
① During regular production and operation process, for the inventories directly used for sale such as
the finished goods and real estate development product, the net realizable value shall be decided as
per its estimated selling price reduced by estimated selling expenses and related tax. For the
inventories held for implementing sales agreement or service contract, the Company shall make
the contract price as valuation basis of the net realizable value; if the amount of inventories held
are bigger than the order amount in the sales contract, the Company shall make general sales price
as the valuation basis for the net realizable value of the exceeding part of the inventories. For the
material used for sale, the market price shall be made as the measuring base for the net realizable
value.
② For the inventories needed to be built or processed, such as the development cost of real estate, in
the normal production and operation process, the net realizable value shall be decided according to
the estimated price of the finished goods built or produced reduced by the cost to be occurred until
completion of the project, the estimated selling expenses and the related tax. If the net realizable
value of the finished goods is higher than cost, the inventory shall be valuated according to cost; if
the fall of the cost for constructing or processing indicates that the net realizable value of the
finished goods is lower than cost, the inventory shall be measured according to the net realizable
value and the provision for depreciation of the inventory shall be appropriated according to the
difference.
③ The provision for depreciation of inventories shall be appropriated as per individual inventories,
and for the inventories with big amount and lower price, appropriated as per classified groups of
inventories.
④ If the influencing factors for writing down inventory value before the date of balance sheet have
disappeared, the Company shall restore the amount wrote down, and return the amount in the
appropriated provision for depreciation of inventories, which shall be attributed to the net profit or
loss of current period.
(4) Inventory system
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黄山旅游发展股份有限公司 2013 年半年度报告
Perpetual inventory system
12. Long-term equity investment:
(1) Confirmation of investment cost
Long-term equity investment shall be measured respectively based on following conditions
① The investment cost for long-term equity investment due to business merger shall be confirmed as
per following provisions:
A. For the business merger under same control, if the merging party makes cash payments, transfer
of non-cash assets or debt assuming as the consideration for merger, then the book value of
owner's equity of the merged party obtained at the date of merger shall be made as the initial
investment of long-term equity investment. For the difference between the initial investment cost
of long-term equity investment and the book value of the paid cash, transferred non-cash assets
and the incurred debts, the capital reserve (share premium) shall be adjusted; and if the balance of
the capital reserve (capital reserves) is insufficient for offset, the retained income shall be adjusted.
B. For the business merger under same control, if the merging party uses equity securities as the
consideration for merger, then the book value of owner's equity of the merged party obtained at the
date of merger shall be made as the initial investment of long-term equity investment. If the total
face value of issued shares is made as share capital, then for the difference between the initial
investment cost of long-term equity investment and the total face value of issued shares the capital
reserve (share premium) shall be adjusted; and if the capital reserve (share premium) is insufficient
for offset, the retained income shall be adjusted.
C. For the business merger under different control, the fair value of the paid assets, incurred or
assumed liabilities and issued equity securities for acquiring the control right of the seller at the
date of purchase, shall be confirmed as a combined cost, i.e. the initial investment cost of
long-term equity investment.
② For the long-term equity investments acquired in the way other than business merger, the Company
shall decide the investment cost according to following provisions:
A. For the long-term equity investment acquired through cash payments, the actually paid purchase
price shall be made as the investment cost. The investment cost includes the expenses, tax and
other necessary expenditures directly related to the long-term equity investment, but the cash
dividend declared but not drawn, contained in the actually paid price, shall be separately recorded
as an receivable item.
B. For the long-term equity investment acquired by issuing equity securities, the fair value of equity
securities shall be made as the investment cost.
C. For the long-term equity investment made by the investors, the value specified in the investment
contract or agreement shall be made as the investment cost, except that the value specified in the
contract or agreement is unfair.
D. For the long-term equity investment acquired through exchange of non-monetary assets, if the
exchange is of commercial nature or the fair value of the swap-in assets or the swap-out assets can
be measured reliably, the fair value of the swap-out assets and related tax shall be made as the
initial investment cost, and the difference between the fair value of the swap-out assets shall be
attributed into the net profit or loss of current period. If the exchange of non-monetary assets is not
of above two conditions at the same time, the book value of the swap-out assets and related tax
shall be made as the initial investment cost.
E. For the long-term equity investment acquired through debt reorganization, the fair value of the
acquired equity interest shall be made as the initial investment cost and the difference between the
initial investment cost and the book value of creditor's rights shall be attributed into the net profit
or loss of current period.
(2) Subsequent measurement and confirmation method for profit or loss
The Company shall, based on whether having joint control or significant influence on the invested
unit, adopt cost method or equity method for accounting operation to long-term equity investment.
① For the long-term investment accounted with cost method, the Company shall add or retract the
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黄山旅游发展股份有限公司 2013 年半年度报告
investment to adjust the cost of long-term equity investment. When obtaining the cash dividend or
profit declared to issue by the invested unit, the Company shall, besides the cash dividend or profit
contained in the price or consideration actually paid in investment, declared but not issued,
confirm the investment income of current period according to the cash dividend or profit declared
and issued by the invested unit.
② For the long-term equity investment calculated with equity method, the Company shall, after
acquisition of the long-term equity investment, make adjustment on the financial statements of the
invested unit according to the Company's accounting policy and accounting period while
calculating the profit and loss on investments, then offset the profit and loss from internal
transactions between the Company, affiliated enterprises and joint ventures according to the
portion which should be enjoyed or shared by the Company through calculation, confirmation the
profit and loss on investment and adjust the book value of long-term equity investment. If the fair
value of relevant assets and liabilities of the invested unit is different from the book value while
the Company has acquired the investment, the Company shall make adjustments in consideration
of the appropriated depreciation amount, amortized amount and provision for assets depreciation
of the invested unit while calculating the net profit or net loss which should be shared by the
investing enterprise subsequently. The Company shall consider the principle of materiality for
above adjustments, and in case of anyone of following conditions, the Company shall, based on
the book value of net profit of the invested unit and after adjustment of the unrealized profit and
loss of internal transactions, calculate and confirm the profit and loss on investments.
A. The fair value of various recognized assets of the invested unit cannot be confirmed reasonably
while the investment has been acquired.
B. The difference between the fair value and book value of the recognized assets of the invested unit
is of no significance while making investment.
C. Due to other reasons, the Company cannot acquire the relevant information of the invested unit,
nor make adjustment on the net profit or loss of the invested unit according to the principle
specified in the standard.
③ If unidentified loss from investment still exists in case the book value of long-term equity
investment has been wrote down to zero under equity method, the Company shall continue to
make confirmation based on the book value of other long-term equity. If the investment contract or
agreement specified other extra obligation for compensating for loss to be performed, the
Company shall confirm and estimate the loss amount to be assumed according to the provisions in
No. 13 Enterprise Accounting Standard--Contingencies.
④ For the long-term equity investment calculated with equity method, the Company shall use the cash
dividend or profit acquired by the investing enterprise from the invested unit to offset the book
value of long-term equity investment. The portion by which the cash dividend or profit acquired
from the invested unit exceeds the confirmed profit and loss adjustment, shall be deemed as the
return of the investment cost and used to offset the cost of long-term equity investment.
(3) The basis for confirming the joint control and significant influence on the invested unit
① In case of any of following conditions, confirm the joint control on the invested unit:
A. Anyone of the parties cannot control the production and operating activities of the joint venture
independently.
B. The decision-making for basic operating activities of the joint venture needs unanimous
agreement of all the parties.
C. All the parties may appoint one of the parties to manage the day-to-day activities of the joint
venture through a contract or agreement, but this party must exercise the right of management
under the financial and operational policies unanimously agreed by all the parties. When the
invested unit is under a legal reorganization or bankruptcy, or its ability of transferring fund to the
investing party is strictly confined for long time, generally the investing parties may not be able to
exercise joint control on the invested unit. But if the joint control can be proved to exist, the parties
to the joint venture still can adopt equity method to make accounting according to the standard for
long-term equity investment.
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黄山旅游发展股份有限公司 2013 年半年度报告
② In case of any of following conditions, confirm the significant influence on the invested unit: A.
assign representative(s) to the Board of Directors or similiar organization of the invested unit; B.
participate in the policy-maing process in the invested unit, including the formulating of dividend
distribution policy; C. have significant transaction with the invested unit; D. assign managerial
personnel to the invested unit; E. provide the invested unit with key technical material.
(4) The impairment test method and the appropriation method for provision for impairment
The Company, at the date of balance sheet, makes individual checking on long-term equity
investment, judge whether long-term equity investment has the evidence of impairment or not
according to changes in the operation policy, legal environment, market demand, industry and
profitability of the invested unit. When the reclaimable amount of the long-term equity investment
is lower than its book value, the Company shall appropriate the provision for impairment of
long-term equity investment according to the difference by which the reclaimable amount is lower
than the book value of long-term equity investment. The loss from impairment of assets shall,
once being confirmed, not be returned in the accounting period afterwards.
13. Investment real estate:
The investment real estate is the real estate held for earning rent and/or capital appreciation. It
mainly includes:
(1) The leased-out land use right.
(2) The land use right held and to be transferred after appreciation.
(3) The leased-out building.
The Company adopts the cost mode to conduct subsequent measure for the investment real estate.
The Company shall make the cost of the investment real estate reduced by the accumulated
depreciation and the straight-line method, and then calculate the depreciation or amortization
according to the straight-line method and estimated usable age limit, attributed into the net profit
or loss of current period.
At the date of balance sheet, the Company shall make the valuation according to the lower
between the cost of the investment real estate and the reclaimable amount, and if the reclaimable
amount is lower than the cost, appropriate the provision for depreciation according to the
difference between them. If the value of the investment real estate with the provision for
depreciation already appropriated has been recovered again, the provision for depreciation
appropriated before cannot be recovered.
14. Fixed assets:
(1) Confirmation condition, valuation and depreciation method for the fixed assets:
Fixed assets are the tangible assets with higher unit value and service life of more than one year
held for production of goods, rendering of service, lease or operating management.
The fixed assets shall be entered into account in the actual cost while being acquired, and its
depreciation shall be appropriated with straight line method (age limit average method) since the
month next to the month while it has reached the usable condition.
(2) Depreciation method for different fixed assets:
Depreciation period Annual depreciation rate
Type Residual rate (%)
(years) (%)
House and building 20-40 3.00 2.43-4.85
Machinery
6-20 3.00 4.85-16.17
equipment
Electronic
3-14 3.00 6.93-32.33
equipment
Transportation
5-10 3.00 9.70-19.40
equipment
43
黄山旅游发展股份有限公司 2013 年半年度报告
Cableway
24 3.00 4.04
equipment
Other equipment 5-8 3.00 12.13-19.40
(3) Testing method for impairment of fixed assets and the way for appropriation of provision for
impairment
The Company shall make judgment on various fixed assets at the date of balance sheet. When the
assets have an evidence of impairment, the Company shall estimate its reclaimable amount; if the
reclaimable amount of the assets is lower than its book value, the Company shall write down the
book value of the assets to its reclaimable amount, the reduced amount shall be confirmed as loss
from impairment of assets and attributed to the profit and loss of current period and the provision
for assets impairment shall be appropriated. The loss from impairment of assets shall, once being
confirmed, not be returned in the accounting period afterwards. In case of following evidences, the
Company shall appropriate provision for impairment in full according to individual items of fixed
assets:
① The fixed assets which has not been used for long time, will not been used in foreseeable
future, and has no resale value;
② The fixed assets which can no longer be used due to the reasons such as technological
advance;
③ The fixed assets which can be used but with a great number of unacceptable products;
④ The fixed assets which is damaged and no longer has use value and resale value;
⑤ Other fixed assets which cannot bring economic interest to the Company substantially.
(4) Confirmation basis for the fixed assets under financing lease and the valuation method
The Company shall confirm the leasing of fixed assets as a financial leasing when the rented fix
assets have transferred substantially all risks and rewards related to the assets. The cost of the fixed
assets acquired through financial leasing, shall be confirmed as per the lower between the fair
value of the leased assets and the current value of the least leasing payment at the date of leasing.
For the fixed assets acquired through financing leasing, the Company shall adopt the depreciation
policy as same as that for self-owned fixed assets to appropriate the provision for depreciation of
leased assets. If the Company can reasonably confirm it will acquire the ownership of the leased
assets at expiration of the leasing period, it shall appropriate the provision for depreciation within
the service life of the leased assets; if not, appropriate the provision for depreciation within the
shorter period between the leasing period and the service life of the leased assets.
15. Construction in progress:
(1) Type of construction in progress:
Construction in progress is calculated according to project classification.
(2) The standard and time point for construction in progress transferred to fixed assets
For construction in progress, the Company shall make all the expenditures for this asset to reach
usable condition as the account value of the fixed assets. This should include building expenses,
original cost of machinery equipment, other expenditure necessary for making the construction in
progress meet the preset usable condition, and the borrowing cost for a specific loan for the item
before the assets meeting the preset usable condition or for a general loan applied in the
construction in progress. If a project with its installation or construction completed has met the
preset usable condition, the Company shall transfer the construction in progress into the fixed
assets. For the fixed assets reaching usable condition but not preparing the final account for
completion, the Company shall, since the date of reaching usable condition, transfer the estimated
value into fixed assets according to project budget and cost or actual cost of the project and
appropriate the provision for depreciation according to the Company's policy for depreciation of
fixed assets; after the procedure for final account for completion has been ended, the Company
shall adjust the original temporarily estimated value as per actual cost, but not adjust the original
44
黄山旅游发展股份有限公司 2013 年半年度报告
appropriated provision for depreciation.
(3) Testing method and appropriating method for impairment of construction in progress
The Company shall make overall checking on construction in progress at the date of balance sheet.
If there is an evidence indicating the construction in progress is impaired, the Company shall
estimate its reclaimable amount; if the reclaimable amount of the assets is lower than its book
value, the Company shall write down the book value of the assets to its reclaimable amount, the
reduced amount shall be confirmed as loss from impairment of assets and attributed to the profit
and loss of current period and the provision for assets impairment shall be appropriated. The loss
from impairment of assets shall, once being confirmed, not be returned in the accounting period
afterwards. If any of following cases exists, the Company shall make test for impairment of
construction in progress:
① The project in progress has been suspended for long period and is expected not possibly to restart
within 3 years;
② The construction in progress lags behind in both performance and technique, and the economic
interest brought to the Company will be of big uncertainty;
③ Other cases which are enough to prove that the project in progress has substantially impaired.
16. Borrowing cost:
(1) Confirmation principle for capitalization of borrowing cost and the capitalization period
The Company's borrowing cost which can be directly attributed to the purchasing or producing of
the assets and meanwhile meet the conditions of capitalization, shall be capitalized and attributed
to the cost of related assets:
① The expenditure for assets has already occurred.
② The borrowing cost has already occurred.
③ The purchase or production activities needed for making the assets reach usable conditions have
started.
Other loan interest, discount or premium and exchange difference shall be attributed into profit and
loss of current period.
If for the assets meeting capitalization conditions, the purchase and construction process or
production process is interrupted abnormally and the interrupting period exceeds 3 months, the
capitalization of borrowing cost shall be suspended.
When the assets with its purchase and construction or production meeting the capitalization
condition have reached expected usable or salable condition, the capitalization of borrowing cost
shall be stopped, and the borrowing cost occurring later shall be confirmed as expenses while
occurring.
(2) Calculation procedure for the capitalized amount of borrowing cost
If the special loan is borrowed for purchase or production of the assets meeting the condition of
capitalization, the interest charges of special loan actually occurring in current period deducted by
the interest income of the not-used-loan fund in the bank or the income obtained from temporary
investment shall be confirmed as the capitalized amount of the interest charge of special loan.
If the Company uses the general loan in order to purchase or produce the assets meeting the
conditions of capitalization, it shall use the weighted average of the portion by which the total
expenditure for assets exceeds the special loan multiplied by the capitalization rate of the occupied
general loan to calculate the interest amount of the general loan which should be capitalized.
17. Intangible assets:
(1) Valuation method for intangible assets: Entered into account according to its actual cost while
being acquired.
(2) Service life and amortization for intangible assets
① Estimating of service life of intangible assets with limited service life:
Estimated
Item Basis
service life
45
黄山旅游发展股份有限公司 2013 年半年度报告
Land use right 50 years Legal use right
Confirm service life in reference of the period when
Software and other 5 years
bringing economic interest to the Company
At end of each year, the Company shall recheck the service life and amortization method of the
intangible assets with limited service life. After rechecking, the service life and amortization
method of the intangible assets shall not be different from the original estimation.
② If the Company cannot predict the period within which the intangible assets bring economic
interest to the enterprise, it shall deem such assets as intangible assets with uncertain service life.
For the intangible assets with uncertain service life, the Company shall recheck their service life at
end of each year; if the service life is still uncertain through rechecking, the Company shall make
test for depreciation at the date of balance sheet. When the reclaimable amount of intangible asset
is lower than its book value, the Company shall write down the book value of the asset to its
reclaimable amount, the reduced amount shall be confirmed as loss from depreciation of assets and
attributed to the profit and loss of current period and the depreciation provision for intangible
assets shall be appropriated. The loss from depreciation of intangible assets shall, once being
confirmed, not be returned in the accounting period afterwards. If any of following cases exists,
the Company shall make test for depreciation of intangible assets:
A. This intangible asset has been substituted by other new technique and its capability for creating
economic benefits for the enterprise suffers significant detrimental impact;
B. Market price of this intangible asset falls down greatly in current period and may not restore in
remained period;
C. Other evidences indicating fully that the book value of this intangible asset has exceeded the
reclaimable amount.
③ Amortization for intangible assets
For the intangible assets with limited service life, the Company shall judge its service life while
having acquired such assets, and use make systematic and reasonable amortization (straight-line
method/workload method) within the service life; the amortized amount shall be attributed to the
profit or loss of current period as per beneficial items. The amortized amount should be the cost
deducted by estimated residual value. For the intangible assets with the provision for depreciation
appropriated, the Company shall reduce the accumulated depreciation provision for intangible
assets and make the residual value zero. But the following condition should be an exception: a
third party commits to purchase the intangible asset after end of the service life of the intangible
asset, or the information for the estimated residual value can be obtained according to an active
market and such market shall most likely exist after end of the service life of the intangible asset.
The intangible assets with uncertain service life should not be amortized. The Company shall
recheck the service life of intangible assets with uncertain service life at end of each year; if an
evidence exists and indicates the service life of the intangible assets is limited, the Company shall
estimate the service life and conduct reasonable amortization within the estimated service life.
(3) Standard for dividing the research phase and development phase in a research and development
project
① The Company shall make the preparation activities for information and related aspects for further
development as the research phase, and the expenditure in the research phase of intangible assets
shall be attributed to the profit or loss of current period.
② The development activities after completion of the research phase in the Company shall be made as
the development phase.
③ The expenditure in development phase which meets following conditions shall be confirmed as
intangible assets:
A. Complete the intangible assets and make it usable or salable with feasibility technically.
B. Have the intention of completing this intangible asset and using or selling it.
C. The way for generating economic interest by the intangible asset, includes the proof that the
products produced with this intangible asset have a market or this intangible asset self has a market,
and if the intangible asset is used inside the Company, it can be proved to be useful.
D. Have the support with sufficient source of technique and finance and other resources to complete
46
黄山旅游发展股份有限公司 2013 年半年度报告
the development of this intangible asset, and the ability to use or sell this intangible asset.
E. The expenditure in the development phase of this intangible asset can be measured reliably.
18. Long-term prepaid expenses:
Long-term prepaid expenses shall be amortized in the beneficial period averagely, in which the
expenditure for renovation of fixed assets rent in the way of operating lease shall be amortized in
the way of realizing best expected economic interest.
19. Estimated liabilities:
The obligation related to contingencies, if meeting all following conditions, shall be confirmed as
estimated liabilities:
(1) The obligation is the current obligation borne by the the Company.
(2) The fulfillment of the obligation shall most likely cause the economic interest flowing out from the
Company.
(3) The amount of the obligation can be measured reliably.
The estimated liabilities shall be measured initially in accordance with the best estimated
expenditure needed for fulfilling related current obligation and in overall consideration of the
factors related to contingencies such as risk, uncertainty and time value of currency. The Company
shall, at each date of balance sheet, recheck the book value of estimated liabilities. If there is a
clear evidence indicating this book value cannot reflect the current best estimate, the Company
shall conduct adjustment on the book value according to the current best estimate.
20. Income:
(1) Income from selling of goods
When the Company has transferred the main risk and reward due to the ownership of goods
transferred to the purchaser, the Company has neither kept the continual management right related
to the ownership nor exercised effective control to the sold goods, the received amount can be
measured reliably, the related economic benefit most likely flow into the enterprises, and the
related cost incurred or to be incurred can be measured reliably, then the income from selling of
goods can be confirmed as being realized. The confirmation of the income from selling of real
estate development shall be as follows:
When the Company has transferred the important risk and reward due to the ownership of house
property to the purchaser and will no longer exercise continual management right and actual
control to the house property, the related income has been received or the proof for receipt of
payment has been obtained, and the cost related to the selling of the house property can be
measured reliably, then the business income can be confirmed as being realized. This means that,
after the Company has made filing with relevant authorities upon completion of the housing,
signed a sales contract, obtained the payment proof from the purchaser, issued the invoice and
handled the formalities for delivery of the commodity housing, then the income can be confirmed
as realized.
(2) Income from labor service
If the transaction results for providing service by the Company at the date of balance sheet can be
estimated reliably, the completion percentage method shall be adopted to confirm the income from
providing of labor service. The progress for the labour service provided shall be decided according
to the ratio of the labour service already provided accounting for the total labour service which
should be provided.
The total amount of income from providing of labor service shall be decided according to the
contractual or agreed price received or receivable, but except the unfair contractual or agreed price
received or receivable. The income from labor service of current period shall be confirmed at the
date of balance sheet with the total amount of income from labor service multiplied by the
completion progress percentage and then reduced by the accumulated income from labor service in
previous accounting periods. Meanwhile, the labor service cost of current period shall be carried
forward with the estimated overall cost of the labour service multiplied by the completion progress
47
黄山旅游发展股份有限公司 2013 年半年度报告
percentage and then reduced by the accumulated service cost in previous accounting periods.
In case the result of the transaction result of the labour service cannot be estimated reliably at the
date of balance sheet, make disposal according to following conditions respectively:
① If the occurred service cost is expected to be compensated, the Company shall confirmed the
income from labor service in accordance with the amount of the occurred service cost, and let the
same amount carried forward to service cost.
② If the service cost is estimated not to be able to be compensated, the Company shall attribute the
service cost already occurred into the net profit or loss of current period, not confirming the
income from labor service.
(3) Income from transfer of assets use right
If the economic interest related to the transaction most likely flows into the enterprise and the
income amount can be measured reliably, confirm the income from transfer of assets use right
respectively according to following conditions:
① The amount of interest income shall be confirmed according to the time and actual interest rate of
the Company's monetary fund used by other party.
② The amount of royalty income shall be confirmed according to the chargeable time and method
specified in related contract or agreement.
21. Government subsidy:
(1) Scope and classification
The Company shall get monetary assets or non monetary assets from the government without
consideration, but the government subsidy shall not include the capital invested by the government
as an enterprise owner.
The government subsidy is divided into the one related to assets and the one related to income.
(2) Confirmation condition for the government subsidy
The government subsidy meeting attached conditions and actually received by the Company, shall
be confirmed as government subsidy.
(3) Measuring of government subsidy
① If the government subsidy is a monetary asset, it shall be measured as per the amount received or to
be received; if the government subsidy is a non-monetary asset, it shall be measured as per fair
value; and if the fair value cannot be obtained reliably, measured as per nominal amount.
② The government subsidy related to assets shall be confirmed as deferred income, and allocated
averagely during the service life of the related assets and attributed into the profit and loss of
current period. But the government subsidy measured in nominal amount shall be directly
attributed to profit and loss of current period.
③ The government subsidy related to income shall be disposed according to following conditions:
A. The subsidy used as compensation for related expenses or loss of the Company during future period
shall be confirmed as deferred income, and attributed into the profit and loss of current period
during the period for confirmation of related cost.
B. The subsidy used as compensation for the related cost or loss of the Company which has already
occurred, shall be directly attributed into the profit and loss of current period.
22. Deferred income tax assets/liabilities for deferred income tax:
The Company shall, based on the temporary difference between the book value and taxation base
of assets and liability at the date of balance sheet, use debt method of balance sheet to calculate the
deferred income tax.
(1) Confirmation of deferred income tax assets
① For the offsettable temporary difference, offsettable loss and tax credits which can be transferred to
subsequent years, the Company shall confirm resulted deferred income tax assets within the limit
of the future taxable income amount which is very likely obtained to offset the offsettable
temporary difference, offsettable loss and tax credits. Meanwhile, the deferred income tax assets
generated from initial confirmation of assets or liabilities in a transaction with all the following
features shall not be confirmed:
48
黄山旅游发展股份有限公司 2013 年半年度报告
A. This transaction is not a business merger.
B. The transaction will impact neither the accounting profit nor the taxable amount of income (or
offsettable loss).
② If the offsettable temporary difference related to investment in the subsidiaries, affiliated
companies and joint ventures meets following conditions, the Company shall confirm the related
deferred income tax assets:
A. The temporary difference will most likely return in the foreseeable future.
B. The Company will most likely obtain the taxable amount of income for offsetting the temporary
difference.
C. For the offsettable loss and tax credits which can be transferred to subsequent years, the Company
should confirmed corresponding deferred income tax assets in the limit of the future taxable
income amount which is very likely acquired to offset the offsettable loss and tax credits.
③ At the date of balance sheet, the Company shall recheck the book value of deferred income tax
assets. If in future period, the Company will most likely not obtain adequate taxable amount of
income to offset the benefit of the deferred income tax assets, the Company shall write down the
book value of the deferred income tax assets. If it can most likely obtain adequate taxable amount
of income, the amount wrote down shall be returned.
(2) The liabilities for deferred income tax shall be confirmed according to various temporary
difference of tax payable; meanwhile, the liabilities for deferred income tax generated from initial
confirmation of assets or liabilities in a transaction with all the following features shall not be
confirmed:
① The temporary difference of tax payable is generated in following transactions:
A. Initial confirmation of goodwill.
B. Initial confirmation of assets or liabilities generated from the transactions with following feature:
such transaction is not a business merger, and the occurring of the transaction influences neither
taxable income amount nor offsettable loss.
② For the temporary difference of tax payable related to investment in subsidiaries, joint ventures and
affiliated enterprises, the time for return of such temporary difference can be controlled and such
temporary difference will most likely not returned in foreseeable future.
23. Operating lease and financing lease:
The lease for which all risks and rewards related to the assets ownership have been substantially
transferred is financing lease, and the others are all operating lease.
(1) Operating lease
① The Company shall, as the lessee in the operating lease, attribute the rent expense of operating
lease into the net profit or loss of current period with straight-line method or according to the
quantity of the leased assets in various periods of the lease term. If the lessor provides rent-free
period, the Company shall amortize the total amount of the rent with straight-line method or other
reasonable method in the whole lease term not excluding the rent free period, and in the rent free
period the rent expense and related liabilities shall be confirmed. If the lessor has assumed some
expense of the lessee, the Company shall make amortization for the total rent expense deducted by
such expense in the lease term.
The initial direct expense shall be attributed into the net profit or loss of current period. The
contingent rental, if specified in the agreement, shall be attributed to the profit and loss of current
period while actually occurred.
② If the Company is the lessor in the operating lease, the rent received shall confirmed as income
with straight-line method in the lease term. If the lessor provides rent-free period, the lessor shall
allocate the total amount of the rent with straight-line method or other reasonable method in the
whole lease term not excluding the rent free period, and in the rent free period the lessor shall also
confirm the income from rent. If the lessor has assumed some expense, the Company shall allocate
the balance of the total rent deducted by such expense in the lease term.
The initial direct expense shall be attributed into the net profit or loss of current period. The
expense with big amount shall be capitalized and, in the whole operating lease term and according
49
黄山旅游发展股份有限公司 2013 年半年度报告
to the base same with the confirmation of the rent income, attributed into the net profit or loss of
current period. The contingent rental, if specified in the agreement, shall be attributed to the
income of current period while actually occurred.
(2) Financing lease
① When being as the lessee in financing lease, the Company shall, at the start date of lease term,
make the lower between the fair value of the leased assets and the current value of the least
payment for lease at the start date of lease as the account value of the assets leased in, the least
payment for lease as the account value of long-term payable, and the difference as the
unconfirmed financing charges. The charge shall be allocated in the periods within the lease term
with actual interest rate method, confirmed as the financing charges of current period and
attributed into financial cost.
The initial direct expense occurred shall be attributed into the rented asset value.
When appropriating the depreciation of asset in the financing lease, the Company shall adopt a
depreciation policy consistent with self-owned depreciable assets, and the depreciation period shall
be decided by the lease contract. If the Company can reasonably confirm it will acquire the
ownership of the leased assets at expiration of the leasing period, the service life of the leased
assets since the start date of the lease term shall be deemed as the depreciation period; if not, the
shorter period between the lease term and the service life of the leased assets shall be deemed as
the depreciation period.
② When being as the lessor in financing lease, the Company shall, at start date of the lease term,
make the sum of the least receivable from lease and the initial direct expense at start date of lease
as the account value of the financing lease receivable, attributed into the long-term receivable of
balance sheet, and record the non-guaranteed residual value. The Company shall make the
difference between the sum of the least receivable from lease, initial direct expense and
non-guaranteed residual value and the current value as the unrealized financing income, adopt
actual interest rate to confirm it as income form lease in each period of the lease term and attribute
it into the income from lease/business income.
24. Changes in main accounting policy and accounting estimate
(1) Change in accounting policies
None
(2) Change in accounting estimate
None
25. Correction for accounting error in previous period
(1) Retrospective restatement method
None
(2) Future applicable method
None
IV. Taxation:
1. Main taxes and tax rate
Type of tax Basis of taxation Tax rate
Value added tax Taxable sales amount 13%、17%
Business tax 3%、5% 3%、5%
Urban maintenance and construction tax 5%、7% 5%、7%
Business income tax Taxable amount of income 25%
Surtax for education expenses Payable circulation tax 3%
Surtax of local education cost Payable circulation tax 2%
50
黄山旅游发展股份有限公司 2013 年半年度报告
Taxable original value of house
Housing property tax 1.2%、12%
property, taxable lease income
(1) For the Company's garden ticket, the tax shall be paid as per 3% of operating income.
(2) For the Company's cableway and hotel, the tax shall be paid as per 5% of operating income.
(3) For the Company's travel agency, the tax shall be paid as per 5% of the balance of operating
income deducted by the hotel and meal cost, traffic expenses and other expenses paid to other units
on behalf of the tourists.
V. Business merger and consolidated financial statements
1. Subsidiaries
(1) Subsidiaries acquired through establishing or investment
Unit: RMB'0000
Balance of
Actual the project
Full name of Type of Registration Business Registered contribution at of net
Business scope
subsidiary subsidiary address nature capital end of the investment
period in the
subsidiary
Huangshan
Yubing
Huangshan Cable way transport for
Passenger Cableway
Controlled City Scenic 1,900.00 passenger, sale of artistic 2,734.13 -
Transport transport
Area handicrafts
Cableway Co.,
Ltd.
Provide cable car
transportation in scenic
Huangshan spot for domestic and
Huangshan
Taiping Cableway 697.50 overseas tourists, make
Controlled City Scenic 5,451.09 -
Cableway Co., transport (USD) passenger operations for
Area
Ltd. tourist groups, and provide
ticket booking. food and
shopping service
Inbound tourism, outbound
tourism, domestic tourism,
Huangshan Huangshan information consultation
Wholly Tourist
Overseas City Tunxi 289.00 service, sales of artistic 289.00 -
owned service
Travel Agency District handicrafts, calligraphy
and painting and computer,
general merchandise
Research and promotion of
the network marketing
system for scenic spot
Huangshan
Huangshan tourism, network sale of
Tuma Tourism Tourist
Controlled City Tunxi 500.00 tourism product, tourism 495.00 -
E-business Co., service
District consultancy service for
Ltd.
ticket booking, hotel,
tourism route and self-help
and self-driving travel.
Huangshan Tourist reception, service
Huangshan Development
Flower Hill & (excluding
Controlled City Tunxi of scenic 100.00 300.00 -
Labyrinth accommodation);
District spot
Tourism development and sales of
51
黄山旅游发展股份有限公司 2013 年半年度报告
Development tourism products; food
Co., Ltd. service; development of
tourism resource
Huangshan Hui
Cultural Huangshan Tourist reception and
Tourist
Tourism Controlled City Tunxi 336.80 service, development and 235.79 -
service
Development District sales of tourism souvenir
Co., Ltd.
Agent, planning, design,
Huangshan
Huangshan issue and production of
Pipeng Cultural Tourist
Controlled City Tunxi 500.00 advertisement, marketing 450.00 -
Development service
District planning, tourism
Co., Ltd.
information consultation
Huangshan
Zhonghai Huangshan Domestic tourism, sales of
Tourist
Holiday Travel Controlled City Tunxi 100.00 artistic handicrafts and 51.00 -
service
Service Co., District souvenirs
Ltd.
Huangshan
Zhonghai Meeting and exhibition
Huangshan
Meeting and Wholly Tourist service, tourism service
City Tunxi 10.00 10.00 -
Exhibition owned service (excluding travel agency
District
Service Co., business)
Ltd.
Sales agency of air
passenger transport for
Huangshan City
international airline or
Huangshan Air Huangshan
Wholly Tourist airline of Hong Kong,
Tourism City Tunxi 180.00 180.00 -
owned service Macao and Taiwan, sales
Service Co., District
agency of air passenger
Ltd.
transport for domestic
airlines
Hotel management and
Huangshan consultation, development
Tourism Lotus Huangshan and sales of tourist
Wholly Hotel
Hotel City Tunxi 100.00 commodities, exploitation 100.00 -
owned management
Management District on tourism resource, and
Co., Ltd. organizing of trade
activities related to tourism
Huangshan
Tourism
Huangshan Development and
Yubing Real Wholly Real estate
City Tunxi 20,000.00 operation of real estate, 20,000.00 -
Estate owned development
District leasehold of real estate
Development
Co., Ltd.
Sales of hotel supplies,
souvenir and artistic
Huangshan Old
handicrafts, operate
Huishang Huangshan
Wholly Commercial beverage, alcoholic
Tourism & City Tunxi 50.00 50.00 -
owned trading beverage, grain and oil,
Commercial District
local speciality and
Co., Ltd.
subsidiary foodstuffs,
information consultation
52
黄山旅游发展股份有限公司 2013 年半年度报告
service
Licensed business: food
and beverage service
(including cool dishes,
excluding decorated cake
Beijing and omophagic marine
Huishang Guli Beijing products). General
Restaurant
Restaurant Controlled Dongcheng 500.00 business: restaurant 465.20 -
management
Management District management, information
Co., Ltd. consultation (excluding
intermediary service),
meeting service and
organizing of culture and
artistic communication.
Domestic and inbound
Huangshan
tourism service (operating
Tuma Huangshan
Wholly Tourist with valid license), sale of
International City Tunxi 30.00 30.00 -
owned service artistic handicrafts, order
Travel Agency District
tickets for vehicle or ship,
Co., Ltd.
hotel service
Huangshan City Realty management and
Huangshan
Yuping Realty Wholly Realty related business
City Tunxi 50.00 50.00 -
Management owned management consultation, housekeeping
District
Co., Ltd. service
Licensed business: food
and beverage service
(including cool dishes,
Beijing excluding decorated cake
Huishang and omophagic marine
Beijing Food and
Feeling Wholly products). General
Xicheng beverage 30.00 30.00 -
Restaurant owned business: business
District service
Management management, economic
Co., Ltd. information consultation,
meeting service and
organizing of cultural and
artistic communication.
(Continued)
Balance of the
owner's equity of
parent company
after offsetting the
Profit or loss of portion by which the
current period loss of current
Amount of
Ratio of attributed to period borne by the
Consolidated minority
Full name of Shareholding voting Minority parent company minority
in statements interest used to
subsidiary ratio (%) power interest reduced by shareholders of the
or not offset minority
(%) excess loss borne subsidiary exceeds
profit and loss
by minority the beginning
shareholders balance of owner's
equity of the
subsidiary shared by
the minority
shareholders
53
黄山旅游发展股份有限公司 2013 年半年度报告
Huangshan
Yubing
Passenger
80.00 80.00 Yes 926.29 - - -
Transport
Cableway Co.,
Ltd.
Huangshan
Taiping
70.00 70.00 Yes 1,535.11 - - -
Cableway Co.,
Ltd.
Huangshan
Overseas 100.00 100.00 Yes - - - -
Travel Agency
Huangshan
Tuma Tourism
99.00 99.00 Yes 12.52 0.02 - -
E-business Co.,
Ltd.
Huangshan
Flower Hill &
Labyrinth
75.00 75.00 Yes -25.69 67.42 - -
Tourism
Development
Co., Ltd.
Huangshan Hui
Cultural
Tourism 70.00 70.00 Yes 19.93 1.56 - -
Development
Co., Ltd.
Huangshan
Pipeng
Cultural 90.00 90.00 Yes 23.56 - - -
Development
Co., Ltd.
Huangshan
Zhonghai
Holiday Travel 51.00 51.00 Yes -61.98 47.74 - -
Service Co.,
Ltd.
Huangshan
Zhonghai
Meeting and
100.00 100.00 Yes - - - -
Exhibition
Service Co.,
Ltd.
Huangshan
City
Huangshan Air
100.00 100.00 Yes - - - -
Tourism
Service Co.,
Ltd.
Huangshan
Tourism Lotus 100.00 100.00 Yes - - - -
Hotel
54
黄山旅游发展股份有限公司 2013 年半年度报告
Management
Co., Ltd.
Huangshan
Tourism
Yubing Real
100.00 100.00 Yes - - - -
Estate
Development
Co., Ltd.
Huangshan Old
Huishang
Tourism & 100.00 100.00 Yes - - - -
Commercial
Co., Ltd.
Beijing
Huishang Guli
Restaurant 93.04 93.04 Yes -180.00 11.78 - -
Management
Co., Ltd.
Huangshan
Tuma
International 100.00 100.00 Yes - - - -
Travel Agency
Co., Ltd.
Huangshan
City Yuping
Realty 100.00 100.00 Yes - - - -
Management
Co., Ltd.
Beijing
Huishang
Feeling
100.00 100.00 Yes - - - -
Restaurant
Management
Co., Ltd.
(2) Subsidiaries acquired due to business merger under same control
Unit: RMB'0000
Balance of
Actual the project
Full name of Type of Registration Business Registered contribution at of net
Business scope
subsidiary subsidiary address nature capital end of the investment
period in the
subsidiary
Accommodation, restaurant,
sales of foodstuff, beverage,
Huangshan tobacco, wine, calligraphy
Huangshan
Xihai Hotel and painting and tourism
Controlled City Scenic 222.60 5,646.53 -
Hotel Co., operation souvenir, kara OK song and
Area
Ltd. dance hall, sauna massage,
and beauty treatment and
hairdressing.
(Continued)
55
黄山旅游发展股份有限公司 2013 年半年度报告
Profit or loss Balance of the owner's
Amount of current equity of parent company
of period after offsetting the portion
Ratio minority attributed to by which the loss of current
Consolidated
Full name of interest parent period borne by the
Shareholding in Minority
of voting used to company minority shareholders of
ratio (%) statements interest
subsidiary power offset reduced by the subsidiary exceeds the
or not
(%) minority excess loss beginning balance of
profit and borne by owner's equity of the
loss minority subsidiary shared by the
shareholders minority shareholders
Huangshan
Xihai Hotel 94.00 94.00 Yes -21.41 3.80 - -
Co., Ltd.
(3) Subsidiaries acquired due to business merger under different control
Unit: RMB'0000
Balance of
Actual the project
Full name of Type of Registration Business Registered contribution at of net
Business scope
subsidiary subsidiary address nature capital end of the investment
period in the
subsidiary
Inbound tourism,
Huangshan domestic tourism,
City China Wholly Huangshan City Tourist artistic handicrafts,
295.00 338.51 -
Travel owned Tunxi District service sale of tourist map,
Service food and beverage
service, retail of wine
Inbound tourism,
Huangshan
domestic tourism,
China
Wholly Huangshan City Tourist translation of foreign
International 150.00 370.30 -
owned Tunxi District service language, sales of
Travel
tourism souvenir and
Service
handicrafts
(Continued)
Profit or loss Balance of the owner's
Amount of current equity of parent company
of period after offsetting the portion
minority attributed to by which the loss of
Ratio of Consolidated
interest parent current period borne by
Full name of Shareholding voting in Minority
used to company the minority shareholders
subsidiary ratio (%) power statements interest
offset reduced by of the subsidiary exceeds
(%) or not
minority excess loss the beginning balance of
profit and borne by owner's equity of the
loss minority subsidiary shared by the
shareholders minority shareholders
Huangshan City China
100.00 100.00 Yes - - - -
Travel Service
Huangshan China
International Travel 100.00 100.00 Yes - - - -
Service
56
黄山旅游发展股份有限公司 2013 年半年度报告
2. Note on change of consolidation range
Beijing Huishang Feeling Restaurant Management Co., Ltd. is a limited liability company
established by the Company which made investment of RMB 300,000 in it in March 2013. This
company has the registered capital of RMB 300,000 and the Company holds 100% equity interest
of it. So Beijing Huishang Feeling Restaurant Management Co., Ltd. has been consolidated into the
statements for the report period.
3. New entities included into consolidation range and the entities not included into the
consolidation range in current period
(1) The subsidiaries, special-purpose entities and operating entities controlled through entrusted
operation or leasing included newly in the consolidation range in current period
Unit: RMB
Name Closing balance of net assets Net profit of current period
Beijing Huishang Feeling
-117,821.91 -117,821.91
Restaurant Management Co., Ltd.
VI. Notes to the items in consolidated financial statements
1. Monetary fund
Unit: RMB
Closing balance Beginning balance
Foreign Foreign
Item Conversion Amount in Conversion Amount in
currency currency
rate RMB rate RMB
amount amount
Cash: / / 1,858,662.49 / / 1,080,895.07
RMB / / 1,844,281.71 / / 1,066,228.93
US$ 2,299.70 6.1787 14,209.16 2,305.00 6.2855 14,488.07
JYE 521.71 0.0626 32.66 500.00 0.0730 36.52
NT$ 152.76 0.2050 31.32 150.00 0.2139 32.09
HK$ 135.14 0.7966 107.64 135.00 0.8109 109.46
Bank deposit: / / 216,986,735.70 / / 331,094,647.77
RMB / / 216,984,980.95 / / 331,092,862.70
US$ 284.00 6.1787 1,754.75 284.00 6.2855 1,785.07
Other
/ / 306,364.08 / /
monetary fund:
Total / / 219,151,762.27 / / 332,175,542.84
2. Notes receivable:
(1) Classification of notes receivable
Unit: RMB
Type Closing balance Beginning balance
Bank acceptance 0.00 292,500.00
Total 0.00 292,500.00
3. Accounts receivable:
(1) Accounts receivable disclosed as per type
Unit: RMB
Closing balance
Type Book balance Provisions for bad debt
Amount Ratio (%) Amount Appropriation
57
黄山旅游发展股份有限公司 2013 年半年度报告
ratio (%)
Accounts receivable with significant
individual amount and provisions for - - - -
bad debt appropriated individually
Accounts receivable with provisions for
bad debt appropriated according to 67,192,000.84 96.70 12,360,025.71 18.40
combinations
Incl.: The combination with account age
67,192,000.84 96.70 12,360,025.71 18.40
as the credit risk feature
The accounts receivable with
non-significant individual amount but
2,295,389.39 3.30 1,168,574.89 50.91
with provisions for bad debt
appropriated individually
Total 69,487,390.23 100.00 13,528,600.60 19.47
(Continued)
Beginning balance of the year
Book balance Provisions for bad debt
Type
Appropriation
Amount Ratio (%) Amount
ratio (%)
Accounts receivable with significant
individual amount and provisions for - - - -
bad debt appropriated individually
Accounts receivable with provisions for
bad debt appropriated according to 66,335,428.72 96.66 12,369,499.71 18.65
combinations
Incl.: The combination with account age
66,335,428.72 96.66 12,369,499.71 18.65
as the credit risk feature
The accounts receivable with
non-significant individual amount but
2,295,389.39 3.34 1,168,574.89 50.91
with provisions for bad debt
appropriated individually
Total 68,630,818.11 100.00 13,538,074.60 19.73
The account receivable with provisions for bad debt appropriated with aging analysis method in the
combinations:
Unit: RMB
Closing balance Beginning balance of the year
Account
Book balance Provisions Book balance Provisions
age
Amount Ratio (%) for bad debt Amount Ratio (%) for bad debt
Within 1
54,105,199.11 80.52 1,169,344.50 54,179,568.20 81.68 1,608,973.87
year
1 to 2 years 3,792,241.05 5.64 1,896,120.53 2,790,669.39 4.21 1,395,334.71
Over 2 years 9,294,560.68 13.84 9,294,560.68 9,365,191.13 14.11 9,365,191.13
Total 67,192,000.84 100.00 12,360,025.71 66,335,428.72 100.00 12,369,499.71
The accounts receivable with non-significant individual amount but with provisions for bad debt
appropriated individually at end of the report period
Unit: RMB
Book Amount of Appropriation Reason for
Name of unit
balance bad debt ratio (%) appropriation
58
黄山旅游发展股份有限公司 2013 年半年度报告
Expected
Huangshan City
377,784.23 157,925.64 41.80 unreclaimable
government reception office
partially
Expected
Huangshan City Tourism
218,175.98 122,903.04 56.33 unreclaimable
Committee
partially
Huangshan China Youth Expected
Zhongshan International 149,951.80 18,157.90 12.11 unreclaimable
Travel Agency partially
Expected
Other small customers 1,549,477.38 869,588.31 56.12 unreclaimable
partially
Total 2,295,389.39 1,168,574.89 50.91 -
(2) In the report period for accounts receivables, the shareholders holding 5% or higher in total
shares with voting power in the Company.
During the report period in the accounts receivable there was no debt of the shareholders holding
5% or higher of the total shares with voting power of the Company.
(3) Top five units for the amount of accounts receivable
Unit: RMB
Ratio in total
Relation with the
Name of unit Amount Age limit accounts
Company
receivable (%)
Huangshan Scenic
Spot Management Related party 14,516,104.27 Within 3 years 20.89
Committee
Huangshan
Huizhou Tourism Non related party 2,344,097.04 Over 3 years 3.37
General Company
Huangshan
munical Non related party 1,342,623.94 Over 3 years 1.93
government
Huangshan Tianxia
Non related party 1,295,902.40 Within 1 year 1.86
Network Co., Ltd.
Anhui Cathy
International
Non related party 762,936.00 Within 1 year 1.10
Travel Agency Co.,
Ltd.
Total / 20,261,663.65 / 29.15
(4) Accounts receivable from related parties
Unit: RMB
Relation with the Ratio in total accounts
Name of unit Amount
Company receivable (%)
Huangshan Scenic Spot Shareholder of parent
14,516,104.27 20.89
Management Committee company
Total / 14,516,104.27 20.89
4. Other receivables:
(1) Other receivables disclosed as per type
59
黄山旅游发展股份有限公司 2013 年半年度报告
Unit: RMB
Closing balance
Book balance Provisions for bad debt
Type
Appropriation
Amount Ratio (%) Amount
ratio (%)
Other receivables with significant
individual amount and provisions for - - - -
bad debt appropriated individually
Other receivables with provisions for
bad debt appropriated according to 54,883,953.45 100.00 23,051,455.76 42.00
combination
Incl.: The combination with account age
54,883,953.45 100.00 23,051,455.76 42.00
as the credit risk feature
Other receivables with non-significant
individual amount but with provisions - - - -
for bad debt appropriated individually
Total 54,883,953.45 100.00 23,051,455.76 42.00
(Continued)
Beginning balance of the year
Book balance Provisions for bad debt
Type
Appropriation
Amount Ratio (%) Amount
ratio (%)
Other receivables with significant
individual amount and provisions for - - - -
bad debt appropriated individually
Other receivables with provisions for
bad debt appropriated according to 35,492,923.17 100.00 23,051,455.76 64.95
combination
Incl.: The combination with account age
35,492,923.17 100.00 23,051,455.76 64.95
as the credit risk feature
Other receivables with non-significant
individual amount but with provisions - - - -
for bad debt appropriated individually
Total 35,492,923.17 100.00 23,051,455.76 64.95
Other account receivable with provisions for bad debt appropriated with aging analysis method in
the combinations:
Unit: RMB
Closing balance Beginning balance
Account
Book balance Provisions for Book balance Provisions for
age
Amount Ratio (%) bad debt Amount Ratio (%) bad debt
Within 1 year
Incl.:
Within 1 year 30,410,250.22 55.40 146,118.73 10,576,214.60 29.80 319,950.50
Subtotal
30,410,250.22 55.40 146,118.73 10,576,214.60 29.80 319,950.50
within 1 year
1 to 2 years 3,136,732.40 5.72 1,568,366.20 4,370,406.67 12.31 2,185,203.36
Over 2 years 21,336,970.83 38.88 21,336,970.83 20,546,301.90 57.89 20,546,301.90
Total 54,883,953.45 100.00 23,051,455.76 35,492,923.17 100.00 23,051,455.76
(2) In the report period for other receivables, the shareholders holding 5% or higher in total
60
黄山旅游发展股份有限公司 2013 年半年度报告
shares with voting power in the Company
During the report period in other receivable there was no debt owed to the shareholders holding
5% or higher of the total shares with voting power of the Company.
(3) Top five units in the amount of other receivables
Unit: RMB
Related Ratio in total
relation Account amount of
Name of unit Amount
with the age other
Company receivables (%)
Huangshan City Real Estate Non related Within 5
4,207,574.75 7.67
Administration Bureau party years
Beijing Zhongshi Taiping Business Non related Within 5
4,110,546.82 7.49
Management Co., Ltd. party years
Non related More than
Qiyun Mountain Management Committee 3,201,974.20 5.83
party 5 years
Non related Within 1
Zhongji Construction Group Co., Ltd. 2,068,007.54 3.77
party year
Anhui Province Alarm Fire Prevention Non related Within 1
2,000,000.00 3.64
Safety Engineering Co., Ltd. party year
Total - 15,588,103.31 - 28.40
5. Advance payment:
(1) Advance payment presented as per account age
Unit: RMB
Closing balance Beginning balance
Account age
Amount Ratio (%) Amount Ratio (%)
Within 1 year 15,618,218.24 95.88 12,889,480.36 96.13
1 to 2 years 447,653.90 2.75 179,057.20 1.34
2 to 3 years 156,835.00 0.96 47,571.97 0.35
Over 3 years 66,034.10 0.41 291,724.95 2.18
Total 16,288,741.24 100.00 13,407,834.48 100.00
The Company's prepaid accounts are mainly composed of the advance payment for engineering
project, and the prepaid accounts with the account age over 1 year mainly include the unsettled
engineering fund and the balance of the settlement.
(2) Top five units for the amount of advance payment
Unit: RMB
Relation with the Reason for
Name of unit Amount Time
Company unsettlement
Anhui Province
Xinda Equipment
Non related party 2,881,500.00 Within 1 year Not matured
Import And Export
Co., Ltd.
Nanjing
Guanglong
Kitchen Ware Non related party 1,512,609.00 Within 1 year Not matured
Engineering Co.,
Ltd.
Xilinmen Furniture
Non related party 1,481,474.00 Within 1 year Not matured
Co., Ltd .
61
黄山旅游发展股份有限公司 2013 年半年度报告
Anhui Haifeng
Construction Project not
Non related party 1,140,000.00 Within 1 year
Engineering Co., completed yet
Ltd.
Guizhou Maotai
Wine Sales Co., Non related party 1,056,612.00 Within 1 year Not matured
Ltd.
Total / 8,072,195.00 / /
(3) In the report period for advance payment, the shareholders holding 5% or higher in total
shares with voting power in the Company
During the report period in advance payment, there was no debt owed to the shareholders holding
5% or higher of the total shares with voting power of the Company.
(4) Note to the advance payment:
The closing balance of the advance payment increased by 21.49% than beginning of the year, and
this is mainly because the advance payment for part of the new engineering projects in the report
period not paid or settled yet.
6. Inventory:
(1) Classification of inventories
Unit: RMB
Closing balance Beginning balance
Provision Provision
Item
Book balance for Book value Book balance for Book value
depreciation depreciation
Commodity
120,216,995.30 252,598.67 119,964,396.63 138,652,863.54 252,598.67 138,400,264.87
stocks
Circulating
25,692,841.30 25,692,841.30 27,668,811.49 27,668,811.49
material
Development
735,057,720.15 735,057,720.15 675,563,617.24 675,563,617.24
cost
Total 880,967,556.75 252,598.67 880,714,958.08 841,885,292.27 252,598.67 841,632,693.60
(2) Provision for depreciation of inventories
Unit: RMB
Appropriated Decrease in current period
Type of Beginning book Closing book
amount in
inventory balance Recovered Transferred balance
current period
Commodity
252,598.67 252,598.67
stocks
Total 252,598.67 252,598.67
(3) Provision for depreciation of inventories
Basis for appropriating Reason for recovering the
Ratio of the recovered amount
provision for provision for depreciation
Item in the closing balance of the
depreciation of of inventories in current
inventory (%)
inventories period
Commodity The cost is lower than
stocks net realizable value
62
黄山旅游发展股份有限公司 2013 年半年度报告
7. Other current assets:
Unit: RMB
Item Closing balance Beginning balance
Heating fee and other 19,749.99 254,449.76
House rent 1,789,927.10 1,029,870.11
Input tax to be rebated 215,389.60
Insurance fee 41,666.00
Amortization for material 57,590.30
Total 1,908,933.39 1,499,709.47
8. Investment in the joint ventures and the affiliated enterprises:
Unit: RMB'0000
Ratio of Total of
Closing
Shareholding voting power Closing Closing business
balance Net profit of
Name of ratio of the of the balance balance income
of total current
invested unit Company Company in of total of total in the
net period
(%) the invested assets liabilities report
assets
unit (%) period
1. Joint venture
2. Affiliated enterprise
Changchun
Clean-moon
20.00 20.00 3,139.43 -13.86 3,153.29 451.23 101.14
Pool Recreation
Co., Ltd.
Huangshan
First Station
Public
30.00 30.00 269.82 1.17 268.65 -31.49
Information
Service Co.,
Ltd.
China
International
Travel Service 34.00 34.00 956.83 102.34 854.49 738.29 -305.40
(Anhui) Co.,
Ltd.
Huangshan
Longxiang
Cultural 30.00 30.00 98.97 98.97 0.22 -1.03
Communication
Co., Ltd.
Huangshan
Zhongjing
Huihe
60.00 60.00 209.13 18.98 190.15 -9.85
Commercial
Service Co.,
Ltd.
9. Long-term equity investment:
(1) Particulars of long-term equity investment
Unit: RMB
63
黄山旅游发展股份有限公司 2013 年半年度报告
Beginning
Accounting Increase or
Invested unit Investment cost balance of the Closing balance Note
method decrease
year
Huangshan City
Yellow River Cost method 1,440,000.00 1,399,008.20 - 1,399,008.20 -
Guesthouse
Huangshan Hot
Spring Scenic Zone
United Tourism Cost method 23,666,174.48 22,553,923.77 - 22,553,923.77 -
Management Co.,
Ltd.
Huaan Securities
Cost method 100,000,000.00 100,000,000.00 - 100,000,000.00 -
Co., Ltd.
Changchun
Equity
Clean-moon Pool 5,926,036.00 6,064,471.95 202,289.93 6,266,761.88 -
method
Recreation Co., Ltd.
Huangshan First
Station Public Equity
900,000.00 895,192.43 -94,471.19 800,721.24 -
Information Service method
Co., Ltd.
China International
Equity
Travel Service 3,400,000.00 2,905,271.01 -1,038,346.10 1,866,924.91 -
method
(Anhui) Co., Ltd.
Huangshan
Longxiang Cultural Equity
300,000.00 - 296,921.40 296,921.40 *1
Communication Co., method
Ltd.
Huangshan
Zhongjing Huihe
Cost method 1,200,000.00 - 1,140,870.61 1,140,870.61 *2
Commercial Service
Co., Ltd.
Total - 136,832,210.48 133,817,867.36 507,264.65 134,325,132.01 -
(Continued)
Note on
Provision
inconsistence
Shareholdi Voting power for Cash
between
ng ratio in ratio in the Provision for impairment dividend in
Invested unit shareholding ratio
the invested invested unit impairment appropriate current
and voting power
unit (%) (%) d in current period
ratio in the
period
invested unit
Huangshan City
Yellow River 23.22 23.22 Consistent 1,399,008.20 - -
Guesthouse
Huangshan Hot
Spring Scenic Zone
United Tourism 30.00 30.00 Consistent - - -
Management Co.,
Ltd.
Huaan Securities
3.53 3.53 Consistent 68,420,000.00 - -
Co., Ltd.
Changchun
Clean-moon Pool 20.00 20.00 Consistent - - -
Recreation Co., Ltd.
64
黄山旅游发展股份有限公司 2013 年半年度报告
Huangshan First
Station Public
30.00 30.00 Consistent - - -
Information Service
Co., Ltd.
China International
Travel Service 34.00 34.00 Consistent - - -
(Anhui) Co., Ltd.
Huangshan
Longxiang Cultural
30.00 30.00 Consistent - - -
Communication Co.,
Ltd.
Huangshan
Zhongjing Huihe
60.00 60.00 Consistent - - -
Commercial Service
Co., Ltd.
Total - - - 69,819,008.20 - -
Note*1: In March, 2013, Huangshan Tuma Tourism E-business Co., Ltd., a subsidiary controlled by
the Company, and Nanjing Baiding Information Technology Co., Ltd. made a joint contribution to
establish Huangshan Longxiang Cultural Communication Co., Ltd. with the registered capital of
RMB 1,000,000. Huangshan Tuma Tourism E-business Co., Ltd. made financial contribution of
RMB 300,000, holding 30% equity interest, and the Company shall calculate this long-term equity
investment using the equity method.
Note*2: In April 2013, the Company's controlled subsidiary Huangshan Tuma Tourism E-business
Co., Ltd. and Bohai Yisheng Holding Co., Ltd. made joint contribution to establish Huangshan
Zhongjing Huihe Commercial Service Co., Ltd. with the registered capital of RMB 5,000,000. The
two sponsors use money to make in batch the financial contribution, in which Huangshan Tuma
Tourism E-business Co., Ltd. shall make financial contribution of RMB 3,000,000 with the
shareholding ratio of 60%. The amount for the first batch of joint contribution was RMB 2,000,000.
As of end of the period, the first batch of the investment of Huangshan Tuma Tourism E-business
Co., Ltd. was RMB 1,200,000. The Company reckons this long-term equity investment with cost
method.
10. Investment real estate:
(1) Investment real estate measured as per cost
Unit: RMB
Beginning book Increase of Decrease of Closing book
Item
balance current period current period balance
1. Total of original book
5,897,851.44 5,897,851.44
value
1) House & building 5,897,851.44 5,897,851.44
2) Land use right
2. Total of accumulated
572,091.60 143,022.90 715,114.50
depreciation and
65
黄山旅游发展股份有限公司 2013 年半年度报告
accumulated amortization
1) House & building 572,091.60 143,022.90 715,114.50
2) Land use right
3. Total of net book value of
5,325,759.84 143,022.90 5,182,736.94
investment real estate
1) House & building 5,325,759.84 143,022.90 5,182,736.94
2) Land use right
4. Total accumulated amount
of the provision for
impairment of investment
real estate
1) House & building
2) Land use right
5. Total of book value of
5,325,759.84 143,022.90 5,182,736.94
investment real estate
1) House & building 5,325,759.84 143,022.90 5,182,736.94
2) Land use right
Depreciation and amortized amount in current period: RMB 143,022.90.
Reason for Expected time for
Item Original book value Book value certificate of title obtaining the
not obtained yet certificate of title
Yuping Binjiang
5,897,851.44 5,182,736.94 Under handling 2013
Chamber
Total 5,897,851.44 5,182,736.94 - -
11. Fixed assets:
(1) Fixed assets
Unit: RMB
Beginning book Decrease in Closing book
Item Increase of current period
balance current period balance
1. Total of original book
2,394,718,363.39 12,257,460.02 35,900,120.45 2,371,075,702.96
value:
Incl.: House and building 1,791,504,823.59 5,415,139.57 35,002,216.95 1,761,917,746.21
Machinery equipment 172,468,317.31 2,295,046.40 44,408.50 174,718,955.21
Means of
29,402,361.99 972,625.00 681,040.00 29,693,946.99
transportation
Cableway equipment 222,645,120.71 222,645,120.71
Communication
3,008,918.32 3,008,918.32
equipment
Other equipment 175,688,821.47 3,574,649.05 172,455.00 179,091,015.52
Increase Appropriation
in current in current
period period
2. Total of accumulated
641,331,237.49 54,652,955.84 27,681,444.57 668,302,748.76
depreciation:
Incl.: House and building 337,191,971.88 35,122,521.63 26,932,055.49 345,382,438.02
Machinery equipment 96,556,958.72 7,839,015.99 38,992.38 104,356,982.33
Means of transportation 19,429,455.45 1,374,630.35 547,715.26 20,256,370.54
Cableway equipment 113,943,193.91 4,538,615.38 118,481,809.29
66
黄山旅游发展股份有限公司 2013 年半年度报告
Communication
2,988,793.94 20,445.64 14,804.72 2,994,434.86
equipment
Other equipment 71,220,863.59 5,757,726.85 147,876.72 76,830,713.72
3. Total of net book value of
1,753,387,125.90 / / 1,702,772,954.20
fixed assets
Incl.: House and building 1,454,312,851.71 / / 1,416,535,308.19
Machinery equipment 75,911,358.59 / / 70,361,972.88
Means of transportation 9,972,906.54 / / 9,437,576.45
Cableway equipment 108,701,926.80 / / 104,163,311.42
Communication
20,124.38 / / 14,483.46
equipment
Other equipment 104,467,957.88 / / 102,260,301.80
4. Total of provisions for
3,988,530.04 / / 3,988,530.04
impairment
Incl.: House and building 126,048.00 / / 126,048.00
Machinery equipment / /
Means of transportation / /
Cableway equipment 3,862,482.04 / / 3,862,482.04
Communication
/ /
equipment
Other equipment / /
5. Total of book value of
1,749,398,595.86 / / 1,698,784,424.16
fixed assets
Incl.: House and building 1,454,186,803.71 / / 1,416,409,260.19
Machinery equipment 75,911,358.59 / / 70,361,972.88
Means of transportation 9,972,906.54 / / 9,437,576.45
Cableway equipment 104,839,444.76 / / 100,300,829.38
Communication
20,124.38 / / 14,483.46
equipment
Other equipment 104,467,957.88 / / 102,260,301.80
Amount of depreciation in current period: RMB 54,652,955.84.
The original price for the construction in progress transferred to fixed assets in current period:
RMB 90,341.60.
12. Construction in progress:
(1) Particulars of construction in progress
Unit: RMB
Closing balance Beginning balance
Provision Provision
Item Book Book
for Net book value for Net book value
balance balance
impairment impairment
Construction
181,684,072.34 132,027,988.65
in progress
(2) Change of significant projects for construction in progress:
Unit: RMB
Ratio of construction
Increase of Transferred to Closing
Item Expected data investment in budget
current period fixed assets balance
(%)
Ground cable
125,300,654.38 125,300,654.38 103,290,929.27 103,290,929.27
car project of
67
黄山旅游发展股份有限公司 2013 年半年度报告
Xihai Grand
Canyon
Intelligent
Huangshan-
29,286,417.01 29,286,417.01 21,034,513.88 21,034,513.88
website system
project
Huangshan
rubbish
collecting and 8,209,278.60 8,209,278.60 5,621,361.60 5,621,361.60
transshipment
project
Road project
1,063,006.90 1,063,006.90 620,136.90 620,136.90
in scenic spots
North Sea
Hotel
dormitory 3,054,611.57 3,054,611.57
reconstruction
project
Taiping
Cableway
environment 3,761,107.00 3,761,107.00
regulation
works
Beijing
Huishang 3,028,223.00 3,028,223.00
Feeling project
Modification
work for Hui
Merchant 2,712,655.10 2,712,655.10
Home Great
Hotel
Rerouting and
expansion
project for 1,316,047.90 1,316,047.90
Yubing
Cableway
Other projects 3,952,070.88 3,952,070.88 1,461,047.00 1,461,047.00
Total 181,684,072.34 181,684,072.34 132,027,988.65 /
Beginning Decrease in current period
Increase in
Project name balance of the Transferred to Other decrease Closing balance
current period
year fixed assets in current period
Ground cable car project of
103,290,929.27 22,009,725.11 - - 125,300,654.38
Xihai Grand Canyon
Intelligent Huangshan- website
21,034,513.88 8,251,903.13 - - 29,286,417.01
system project
Huangshan rubbish collecting
5,621,361.60 2,687,917.00 - 100,000.00 8,209,278.60
and transshipment project
Road project in scenic spots 620,136.90 442,870.00 - - 1,063,006.90
North Sea Hotel dormitory
- 3,054,611.57 - - 3,054,611.57
reconstruction project
Taiping Cableway environment - 3,761,107.00 - - 3,761,107.00
68
黄山旅游发展股份有限公司 2013 年半年度报告
regulation works
Beijing Huishang Feeling
- 3,028,223.00 - - 3,028,223.00
project
Modification work for Hui
- 2,712,655.10 - - 2,712,655.10
Merchant Home Great Hotel
Rerouting and expansion
- 1,316,047.90 - - 1,316,047.90
project for Yubing Cableway
Other projects 1,461,047.00 4,942,500.24 90,341.60 2,361,134.76 3,952,070.88
Total 132,027,988.65 52,207,560.05 90,341.60 2,461,134.76 181,684,072.34
13. Intangible assets:
(1) Particulars of intangible assets:
Unit: RMB
Beginning book Increase in current Decrease in current Closing book
Item
balance period period balance
1. Total of original
117,781,210.50 31,274.64 117,812,485.14
book value
Incl.: Land use
110,833,122.50 110,833,122.50
right
Software and other 6,948,088.00 31,274.64 6,979,362.64
2. Total of
accumulated 36,534,372.82 863,889.98 37,398,262.80
amortization
Incl.: Land use
34,606,399.57 582,746.14 35,189,145.71
right
Software and other 1,927,973.25 281,143.84 2,209,117.09
3. Total of net book
value of intangible 81,246,837.68 -832,615.34 80,414,222.34
assets
Incl.: Land use
76,226,722.93 -582,746.14 75,643,976.79
right
Software and other 5,020,114.75 -249,869.20 4,770,245.55
4. Total of
provisions for
impairment
5. Total of book
value of intangible 81,246,837.68 -832,615.34 80,414,222.34
assets
Incl.: Land use
76,226,722.93 -582,746.14 75,643,976.79
right
Software and other 5,020,114.75 -249,869.20 4,770,245.55
Amortization in current period: RMB 863,889.98.
14. Long-term prepaid expenses:
Unit: RMB
Beginning Increase in Amortization in
Item Other decrease Closing balance
balance current period current period
Road
11,655,877.18 482,685.00 2,223,554.12 9,915,008.06
reconstruction
Maintenance cost
3,060,838.98 597,394.03 473,834.14 3,184,398.87
of scenic spots
69
黄山旅游发展股份有限公司 2013 年半年度报告
Expenditure for
old scenic area
maintenance and 8,959,760.62 508,690.84 1,181,020.42 8,287,431.04
new scenic area
development
Decoration and
18,173,165.17 5,346,959.91 5,021,455.42 18,498,669.66
reconstruction
Other 9,849,175.16 373,377.00 1,255,240.84 8,967,311.32
Total 51,698,817.11 7,309,106.78 10,155,104.94 48,852,818.95
15. Deferred income tax assets/liabilities for deferred income tax:
(1) Deferred income tax assets and deferred income tax liabilities are not presented in the net
amount after deduction.
(a) Confirmed deferred income tax assets and deferred income tax liabilities
Unit: RMB
Item Closing balance Beginning balance
Deferred income tax assets:
Provision for bad debt of accounts receivable 2,904,859.45 2,904,859.45
Provision for bad debt of other receivables 3,573,830.21 3,573,830.21
Provision for depreciation of inventories 63,149.67 63,149.67
Provision for impairment of long-term equity investment 17,454,752.05 17,454,752.05
Book value of fixed assets less than taxation base
Book value of intangible assets less than taxation base 10,235,518.74 10,235,518.74
Deferred income 402,557.81 402,557.81
Other current liabilities unable to be deducted 152,751.58 152,751.58
Subtotal 34,787,419.51 34,787,419.51
Liabilities for deferred income tax:
Depreciation of fixed assets 1,293,792.39 1,293,792.39
Subtotal 1,293,792.39 1,293,792.39
(b) Details of taxable difference and deductible difference items
Unit: RMB
Item Amount
Taxable difference items:
Depreciation of fixed assets 5,175,169.56
Subtotal 5,175,169.56
Deductible difference items:
Provision for bad debt of accounts receivable 11,619,437.81
Provision for bad debt of other receivables 14,295,320.83
Provision for depreciation of inventories 252,598.68
Provision for impairment of long-term equity investment 69,819,008.20
Book value of fixed assets less than taxation base
Book value of intangible assets less than taxation base 40,942,074.96
Deferred income 1,610,231.24
Other current liabilities unable to be deducted 611,006.32
Subtotal 139,149,678.04
16. Details of provision for assets impairment:
Unit: RMB
Item Beginning book Increase in Decrease in current Closing book
70
黄山旅游发展股份有限公司 2013 年半年度报告
balance current period period balance
Recovered Transferred
1. Provision for
36,589,530.36 9,474.00 36,580,056.36
bad accounts
2. Provision for
depreciation of 252,598.67 252,598.67
inventories
3. Provision for
impairment of
salable financial
assets
4. Provision for
impairment of
investment held
until expiration
5. Provision for
impairment of
69,819,008.20 69,819,008.20
long-term equity
investment
6. Provision for
impairment of
investment real
estate
7. Provision for
impairment of 3,988,530.04 3,988,530.04
fixed assets
8. Provision for
impairment of
engineering
material
9. Provision for
impairment of
construction in
progress
10. Provision for
impairment of
biological assets
for production
Incl.: Provision
for impairment of
mature biological
assets for
production
11. Provision for
impairment of oil
gas assets
12. Provision for
impairment of
intangible assets
13. Provision for
impairment of
goodwill
71
黄山旅游发展股份有限公司 2013 年半年度报告
14. Other
Total 110,649,667.27 9,474.00 110,640,193.27
17. Other non-current assets:
Unit: RMB
Item Closing balance Beginning balance
Deposit of travel bureau 4,600,000.00 4,650,000.00
Total 4,600,000.00 4,650,000.00
18. Short-term loan:
(1) Classification of short-term loan:
Unit: RMB
Item Closing balance Beginning balance
Credit loan 521,000,000.00 680,000,000.00
Total 521,000,000.00 680,000,000.00
19. Accounts payable:
(1) Particulars of accounts payable
Unit: RMB
Item Closing balance Beginning balance
Within 1 year 109,748,874.18 198,353,255.17
1 to 2 years 3,833,735.40 5,790,113.93
2 to 3 years 4,578,070.88 1,674,366.89
Over 3 years 1,535,784.94 2,062,962.75
Total 119,696,465.40 207,880,698.74
(2) Particulars of the accounts payable owed to the shareholders or related parties holding 5%
or higher of the total shares with voting power of the Company during the report period
During the report period, there was no any accounts payable owed to the shareholders or related
parties holding 5% or higher of the total shares with voting power of the Company.
20. Advance from customers:
(1) Particulars of advance from customers
Unit: RMB
Item Closing balance Beginning balance
Within 1 year 111,998,630.07 119,252,279.72
1 to 2 years 22,436,253.62 23,056,365.98
2 to 3 years 1,143,768.00 1,094,893.30
Over 3 years 105,709.96 161,841.56
Total 135,684,361.65 143,565,380.56
(2) Particulars of the advance receipts collected from the shareholders or related parties holding
5% or higher of the total shares with voting power of the Company during the report period:
During the report period there was no any advance from customers collected from the shareholders
or related parties holding more than 5% (including 5%) of the total shares with voting power of the
Company.
21. Staff salary payable
Unit: RMB
72
黄山旅游发展股份有限公司 2013 年半年度报告
Beginning Increase in Decrease in Closing book
Item
book balance current period current period balance
1. Wage, bonus, allowance and
32,822,025.78 94,392,984.81 110,957,356.94 16,257,653.65
subsidy
2. Employee's welfare cost 7,900,639.71 7,709,054.88 191,584.83
3. Social insurance cost 224,349.66 16,444,449.62 16,259,118.10 409,681.18
Incl.: Medical insurance
94,519.62 3,735,620.20 3,744,207.20 85,932.62
premiums
Endowment insurance cost 112,636.79 11,063,425.68 10,872,370.68 303,691.79
Unemployment insurance
8,413.76 847,522.25 847,522.24 8,413.77
expense
Employment injury
2,137.06 395,158.73 391,364.57 5,931.22
insurance
Maternity insurance 6,642.43 402,722.76 403,653.41 5,711.78
4. Housing provident fund 3,246,321.97 5,946,188.00 8,970,435.00 222,074.97
5. Dismissal welfare
6. Other
1) Labour union expense 357,398.43 871,835.52 575,164.31 654,069.64
2) Staff education cost 954,276.86 576,130.70 504,043.43 1,026,364.13
7) Non-monetary welfare 318,541.05 318,541.05
Total 37,604,372.70 126,450,769.41 145,293,713.71 18,761,428.40
There is no any arrearage in the staff salary payable.
The amount of the trade union expense and employee education expense is RMB 1,311,675.29.
22. Tax payable:
Unit: RMB
Item Closing balance Beginning balance
Value added tax 86,580.92 15,118.57
Business tax -797,124.64 -3,195,930.80
Business income tax 1,810,013.18 55,938,301.50
Personal income tax -158,767.33 79,567.02
Urban maintenance and construction tax -219,857.84 -223,593.81
Housing property tax 198,151.75 300,231.42
Land use tax -62,128.65 4,143.72
Surtax for education expenses -86,132.74 -123,929.79
Vegetable fund 644,501.01 590,757.70
Water conservancy fund 94,138.01 41,104.14
Stamp duty 537.47 20,298.33
Land value added tax -1,151,540.56 -1,039,825.95
Deed tax 143,224.50 143,224.50
Total 501,595.08 52,549,466.55
23. Interest payable:
Unit: RMB
Item Closing balance Beginning balance
Bank loan interest 1,298,483.76
Total 1,298,483.76
24. Dividend payable:
73
黄山旅游发展股份有限公司 2013 年半年度报告
Unit: RMB
Reason for not paying
Name of unit Closing balance Beginning balance
after expiration for 1 year
China Travel Scenic Spot
10,095,632.47 3,452,614.29 Less than 1 year
Investment Co., Ltd.
Total 10,095,632.47 3,452,614.29 /
The closing balance of the dividend payable increased by 192.41% than the beginning balance,
and this is caused by the profit distribution for current period by the Company's subsidiary
Huangshan Yubing Passenger Transport Cableway Co., Ltd.
25. Other payables:
(1) Particulars of other payables
Unit: RMB
Item Closing balance Beginning balance
Within 1 year 212,367,975.22 205,786,723.69
1 to 2 years 40,725,938.41 31,916,793.45
2 to 3 years 22,259,860.82 13,671,788.90
Over 3 years 36,418,736.09 30,932,715.13
Total 311,772,510.54 282,308,021.17
(2) Particulars of the other payables owed to the shareholders or related parties holding 5% or
higher of the total shares with voting power of the Company during the report period
Unit: RMB
Name of unit Closing balance Beginning balance
Huangshan Tourism Group Co., Ltd. 92,433,324.94 77,202,223.06
Huangshan Scenic Spot Management Committee 147,169,436.94 125,885,413.61
Total 239,602,761.88 203,087,636.67
(3) Big-amount other payables with account age over 1 year
The other payable with big amount and account age over 1 year is mainly the loan obtained by the
Company's subordinate operation units from Huangshan Tourism Group Co., Ltd.
(4) Details of the other payables with big amount
Name of unit Closing balance Nature of fund Account age
Earnings shared
Huangshan Scenic Spot Management
147,169,436.94 from entrance Within 3 years
Committee
ticket
Construction fund
Huangshan Tourism Group Co., Ltd. 92,433,324.94 Within 3 years
of scenic spot
Huangshan Tianhai Reception Centre 4,298,286.59 Agency receipt Within 3 years
Project quality
Zhongji Construction Group Co., Ltd. 3,380,000.00 Over 3 years
assurance deposit
Beijing Weidiya Scientific Trading Co., Ltd. 2,854,154.00 Loan Over 3 years
Total 250,135,202.47 - -
26. Long-term loan:
(1) Classification of long-term loan:
Unit: RMB
74
黄山旅游发展股份有限公司 2013 年半年度报告
Item Closing balance Beginning balance
Credit loan 179,124,580.00 19,124,580.00
Total 179,124,580.00 19,124,580.00
(2) Top 5 long-term loans:
Unit: RMB
Closing Beginning
Beginning balance balance
End date Type of Interest
Lending unit date of Chinese Chinese
of loan currency rate (%)
loan currency currency
amount amount
Agricultural Bank of
October October
China Huangshan RMB 6.40 6,500,000.00 6,500,000.00
19, 2012 18, 2017
Scenic Spot branch
Agricultural Bank of
December December
China Huangshan RMB 6.40 10,000,000.00 10,000,000.00
20, 2012 19, 2017
Scenic Spot branch
China Construction
May 30, May 29,
Bank Huangshan RMB 5.97 160,000,000.00
2013 2016
Scenic Spot branch
Total / / / / 176,500,000.00 16,500,000.00
27. Long-term payables:
(1) Top 5 long-term payables:
Unit: RMB
Unit Initial balance Interest rate (%) Interest accrued Closing balance
Pujia (Hong Kong)
6,863,845.05 6,863,845.05
Co., Ltd.
28. Other non-current liabilities:
Unit: RMB
Item Closing book balance Beginning book balance
Deferred income 24,050,231.25 20,110,231.25
Total 24,050,231.25 20,110,231.25
29. Share capital:
Unit: RMB'0000
Increase/decrease (+, -)
Beginning Transferred Closing
New share Bonus
balance from capital Other Subtotal balance
issued share
reserves
Total
47,135.00 47,135.00
shares
30. Capital reserves:
Unit: RMB
Beginning Increase in Decrease in
Item Closing balance
balance current period current period
Capital premium (premium
130,111,199.21 130,111,199.21
on share capital)
75
黄山旅游发展股份有限公司 2013 年半年度报告
Other capital reserves 1,723,813.34 1,723,813.34
Total 131,835,012.55 131,835,012.55
31. Surplus reserves:
Unit: RMB
Increase in current Decrease in
Item Beginning balance Closing balance
period current period
Statutory surplus
234,177,168.91 234,177,168.91
reserves
Total 234,177,168.91 234,177,168.91
32. Undistributed profit:
Unit: RMB
Appropriating or
Item Amount
distributing ratio (%)
Undistributed profit at end of last year before adjustment 1,063,687,545.91 /
Undistributed profit at beginning of year after adjustment 1,063,687,545.91 /
Plus: Net profit attributed to owners of parent company
72,499,919.33 /
in current period
Less: Appropriated statutory surplus reserves 21,894,483.92
Ordinary share dividend payable 65,989,000.00
Closing balance of undistributed profit 1,136,187,465.24 /
33. Operating income and operating cost:
(1) Operating income and operating cost
Unit: RMB
Item Current period Previous period
Main business income 695,039,118.47 747,781,574.40
Other business income 405,800.00 700,060.00
Operating cost 453,726,560.48 443,864,125.20
(2) Main business (by sector)
Unit: RMB
Current period Previous period
Sector
Operating income Operating cost Operating income Operating cost
Hotel 158,957,629.75 141,271,453.00 174,206,762.39 121,937,208.95
Cableway 145,394,600.00 32,899,468.57 168,936,930.00 35,423,620.91
Garden
207,698,269.00 127,327,603.07 261,715,276.85 153,706,920.01
development
Tourist service 114,764,724.23 109,109,997.18 157,612,524.61 148,572,705.18
Contracting 4,870,634.48 2,710,869.30
Sale of commodity
76,779,674.00 50,805,559.26 19,807,516.00 13,005,801.01
housing
Other business 11,465,257.54 10,505,434.96 10,423,699.74 8,504,438.76
Offset from each
-24,891,670.53 -18,624,835.01 -47,632,004.49 -41,133,928.35
other
Total 695,039,118.47 453,294,681.03 747,781,574.40 440,016,766.47
(3) Operating income from top 5 customers
Unit: RMB
76
黄山旅游发展股份有限公司 2013 年半年度报告
Ratio in total
Operating
Name of customer operating income of
income
the Company (%)
Huangshan Scenic Spot Management Committee 6,303,626.86 0.91
Huangshan China Youth International Travel Agency Co., Ltd. 5,202,129.00 0.75
Huangshan City Good Faith Travel Agency Co., Ltd. 4,026,767.00 0.58
Huangshan Happy-tour International Travel Agency Co., Ltd. 3,708,031.00 0.53
Golden Holiday International Travel Agency 3,568,465.00 0.51
Total 22,809,018.86 3.28
34. Business tax and extra:
Unit: RMB
Item Current period Previous period Standard rate
Business tax 24,602,944.97 25,641,085.84 3%, 5%
Urban maintenance and construction
1,305,619.32 1,379,003.02 5%, 7%
tax
Surtax for education expenses 1,184,890.48 1,330,748.98 2%, 3%
Land value added tax 2,031,936.72 635,097.80
Total 29,125,391.49 28,985,935.64 /
35. Selling expenses
Unit: RMB
Item Current period Previous period
Office expenses 6,375.00 8,418.00
Traveling expense 71,386.50 7,256.20
Costume cost 41,390.00
Advertising and publicity cost 1,656,517.00 502,401.00
Labour protection expense 5,980.56 4,390.00
Water and electricity expenses 76.18 557.00
Material consumption 12,951.00 2,901.00
Design and fitment for model room 20,000.00
Business entertainment 22,317.00 7,869.00
Communication charges 3,333.20 1,017.40
Depreciation cost 6,515.06 7,381.62
Employees' salary 514,990.88 434,876.06
Welfare expense 50,228.83
Leasing fee 3,000.00
Other 214,526.26 169,819.00
Total 2,588,197.47 1,188,276.28
36. Management expenses
Unit: RMB
Item Current period Previous period
Office expenses 1,672,455.41 1,455,511.04
Insurance fee 690,310.31 1,590,640.28
Traveling expense 2,260,359.40 2,736,741.99
Amortization of deferred intangible assets 3,077,980.85 2,771,339.17
Expenses of the Board of Directors 229,289.50 235,509.00
Costume cost 635,991.24 715,892.24
Labour protection expense 1,685,113.05 1,295,199.27
77
黄山旅游发展股份有限公司 2013 年半年度报告
Expenses for retired people 1,799,602.86 2,474,384.45
Decontamination and gardening expenses 216,965.00 109,476.50
Automobile expenses 2,310,859.14 1,976,845.47
Water and electricity expenses 2,554,727.03 2,470,348.31
Tax 12,288,207.04 7,454,256.00
Material consumption 1,102,255.62 2,708,152.08
Repair charge 868,626.59 1,079,782.55
Business publicity expenses 7,422,908.10 4,913,317.03
Meeting service charge 17,100.00
Integrated service fee 2,700,000.00 2,700,000.00
Business entertainment 1,914,807.64 1,980,921.99
Communication charges 1,310,290.19 1,337,762.98
Depreciation 8,425,798.72 6,797,263.14
Employees' salary 41,548,176.19 40,074,436.59
Service charge of intermediate agencies 1,836,841.42 616,824.56
Leasing fee 684,090.32 513,980.66
Other 1,444,931.80 1,382,620.58
Total 98,680,587.42 89,408,305.88
37. Financial expenses
Unit: RMB
Item Current period Previous period
Interest expense 1,082,349.54 231,291.67
Interest income -513,898.30 -811,536.72
Exchange loss 315.68 1.08
Exchange gain -66.43
Bank commission 1,528,909.68 1,771,277.57
Total 2,097,676.60 1,190,967.17
38. Investment income:
(1) Details of investment income:
Unit: RMB
Current period Previous period
Income from long-term equity investment calculated with
-59,129.39 8,000,000.00
cost method
Investment income from long-term equity investment
-933,605.96 48,323.60
calculated with equity method
Total -992,735.35 8,048,323.60
(2) Investment income from long-term at cost investment reckoned with cost method:
Unit: RMB
Invested unit Current period Previous period Increase or decrease
Huaan Securities Co., Not distribute cash dividend in
8,000,000.00
Ltd. current period
Huangshan Zhongjing
Huihe Commercial -59,129.39 Confirmed as per cost method
Service Co., Ltd.
Total -59,129.39 8,000,000.00 /
(3) Investment income from long-term equity investment reckoned with equity method:
78
黄山旅游发展股份有限公司 2013 年半年度报告
Unit: RMB
Invested unit Current period Previous period Increase or decrease
Changchun Clean-moon Pool Confirm according to
202,289.93 48,323.60
Recreation Co., Ltd. equity method
Huangshan First Station Public Confirm according to
-94,471.19
Information Service Co., Ltd. equity method
China International Travel Confirm according to
-1,038,346.10
Service (Anhui) Co., Ltd. equity method
Huangshan Longxiang Cultural Confirm according to
-3,078.60
Communication Co., Ltd. equity method
Total -933,605.96 48,323.60 /
39. Non-business income:
(1) Particulars of non-business income
Unit: RMB
Amount attributed into
Current Previous
Item non-recurring profit and
period period
loss of current period
Total of profit from disposal of
20,988.30 83,423.58 20,988.30
non-current assets
Incl.: Profit from disposal of fixed assets 20,988.30 83,423.58 20,988.30
Government subsidy 3,746,900.00 57,000.00 3,746,900.00
Income from penalty and compensation 275,160.00 5,855.00 275,160.00
Other 283,891.43 324,179.64 283,891.43
Total 4,326,939.73 470,458.22
(2) Details of government subsidy
Unit: RMB
Item Current period Previous period Remark
Green restaurant award
issued by Huangshan District 2,000.00
financial bureau
Specific subsidy fund for
fitment of the application
55,000.00
demonstration project for
renewable energy buildings
Return of housing property
1,296,700.00
tax and land use tax
Finance subsidy for interest 2,000,000.00
Tourism award 450,200.00
Total 3,746,900.00 57,000.00 /
The non-business income in current period increased by 819.73% than same period of last year,
and this is mainly by the receipt of the finance subsidy for interest and the recover of the housing
property tax and land use tax.
40. Non-business expenditure:
Unit: RMB
Amount attributed into
Current Previous
Item non-recurring profit and
period period
loss of current period
79
黄山旅游发展股份有限公司 2013 年半年度报告
Total of net loss from disposal of
3,052,646.10 95,776.77 3,052,646.10
non-current assets
Incl.: Loss from disposal of fixed assets 3,052,646.10 95,776.77 3,052,646.10
Donation to society 1,000.00
Expenditure for penalty 8,559.71 6,350.19 8,559.71
Compensation 68,446.80 17,430.00 68,446.80
Other 93,675.72 52,052.25 93,675.72
Total 3,223,328.33 172,609.21 3,223,328.33
The non-business expenditure in current period increased by 1767.41% than same period of last
year, and this is mainly caused by the loss from disposal of the assets related to the ornament of
the main building of Huangshan International Hotel, a subsidiary of the Company.
41. Calculation process for basic earnings per share and diluted earnings per share:
(1) Basic earnings per share
January to June, January to June,
Calculation for basic earnings per share
2013 2012
P0 Net profit attributed to common shareholders of the Company 72,499,919.33 139,533,530.88
P0 Net profit belonging to common shareholder of the Company
71,666,877.38 139,308,575.81
(after non-recurring profit and loss)
S0 Beginning balance of total shares 471,350,000.00 471,350,000.00
S1 Increase of shares due to transfer of capital reserves into share
- -
capital or distribution of share dividend,
Si Increase of shares due to new share issuance or transfer of debt
- -
into share capital
Sj Decrease of shares due to repurchase in the report period - -
Sk Reduction of shares in the report period - -
M0 Number of months in the report period 6 6
Mi Numbers of months from the month next to the month with
- -
capital share increased to the end of the report period
Mj Number of months from the month next to the month with
- -
capital share decreased to the end of the report period
S Weighted average number of ordinary shares issued in market 471,350,000.00 471,350,000.00
Basic earnings per share (net profit belonging to common
0.1538 0.2960
shareholder of the Company)
Basic earnings per share (net profit belonging to common
shareholder of the Company after deduction of non-recurring profit 0.1520 0.2956
and loss)
Basic earnings per share = P0/S
S=S0＋S1＋Si×Mi÷M0–Sj×Mj÷M0-Sk
(2) Diluted earnings per share
The Company has no diluted potential ordinary share, and the diluted earnings per share is the same
with the basic earnings per share.
January to June, 2013 January to June, 2012
Profit in the report period Basic earnings per Diluted earnings Basic earnings Diluted earnings
share per share per share per share
Net profit attributed to
common shareholders of the 0.1538 0.1538 0.2960 0.2960
Company
Net profit attributed to
0.1520 0.1520 0.2956 0.2956
common shareholders of the
80
黄山旅游发展股份有限公司 2013 年半年度报告
Company after non-recurring
profit and loss
Basic earnings per share = P0÷S
S=S0＋S1＋Si×Mi÷M0–Sj×Mj÷M0-Sk
In which: P0 is the net profit attributed to common shareholders of the Company or the net profit
attributed to common shareholders after non-recurring profit and loss, S is the weighted average
number of ordinary shares issued in public, S0 is the beginning balance of total shares, S1 is the
increase of shares due to transfer of capital reserves into share capital or distribution of share
dividend, Si is the increase of shares due to new share issuance or transfer of debt into share
capital, Sj is the decrease of shares due to repurchase in the report period, Sk is the reduction of
shares in the report period, M0 is the number of months in the report period, Mi is the number of
months from the month next to the month with capital share increased to the end of the report
period, And Mj is the number of months from the month next to the month with capital share
decreased to the end of the report period.
Diluted earnings per share = P1/(S0 ＋ S1 ＋ Si×Mi÷M0–Sj×Mj÷M0–Sk+ Weighted average
ordinary shares increased due to subscription warrant, share option and convertible bonds
In the formula, P1 is the net profit belonging to common shareholder of the Company or the net
profit belonging to common shareholder of the Company after deduction of non-recurring profit
and loss, which should be adjusted in consideration of the influence of the diluted potential
ordinary shares and according to the Enterprise Accounting Standard and relevant regulations.
When calculating diluted earnings per share, the Company shall consider the influence of all
diluted potential ordinary shares on P1 and the weighted average shares, calculating the influence
in diluted earnings per share in the descending order of diluting level until the diluted earnings per
share reaching the smallest value.
42. Notes to the items in cash flow statement:
(1) Other cash related to operating activities received:
Unit: RMB
Item Amount
Business fund collected on behalf of Tianhai Reception Centre 701,550.00
Contracting income 3,989,295.00
Security and deposit 563,542.05
Income from penalty and compensation 321,194.33
Insurance proceeds 29,532.79
Insurance return 2,673.09
Government award and subsidy 2,697,487.52
Collected insurance fee 95,459.20
Other come-and-go account 1,466,502.94
Collecting and paying property maintenance fund 121,198.00
Fund received for construction of garbage collection transfer station and
494,607.00
tourist public lavatory
Other 256,593.81
Total 10,739,635.73
(2) Cash related to other operating activities paid:
Unit: RMB
Item Amount
Royalty for exclusive selling right of entrance tickets of scenic spot 57,000,000.00
Protection charge for landscape resources 32,000,000.00
Regulating fund for price of entrance ticket 36,000.00
Construction and maintenance expense of scenic spot 6,142,934.27
81
黄山旅游发展股份有限公司 2013 年半年度报告
Life service charge 2,030,447.86
Business publicity expenses 9,306,144.40
Entertainment and social activity expenses 526,305.32
Traveling expense 2,548,812.47
Communication charges 1,281,651.91
Insurance fee 751,705.35
Costume cost 1,085,198.82
Automobile expenses 1,425,688.23
Expenses of the Board of Directors 807,578.30
Office expenses 1,373,568.90
Business entertainment 1,627,766.45
Service charge of intermediate agencies 2,029,612.00
Leasing fee 549,361.70
Decontamination and gardening expenses 97,420.00
Commission and handling charge 1,319,317.70
Wage of retired people 2,383,636.34
Security and deposit 810,826.99
Fund transfer for units and individuals 5,977,370.47
Labour protection expense 418,635.99
Annual fee for electricity service company 54,651.73
Water and electricity expenses 1,334,543.10
Repair charge 708,856.44
Deed tax collected and paid on behalf of clients 2,066,866.35
Property maintenance fund colleted and paid on behalf of clients 698,702.57
Other 3,460,026.11
Total 139,853,629.77
(3) Other cash related to investment activity received:
Unit: RMB
Item Amount
Interest income 558,007.69
Total 558,007.69
43. Supplementary information for cash flow statement:
(1) Supplementary information for cash flow statement:
Unit: RMB
Amount of Amount of
Supplementary information
current period previous period
1. Adjust net profit into cash flow in operating activities:
Net profit 78,850,780.75 148,448,676.79
Plus: Provisions for impairment of assets
Depreciation of fixed assets, depletion of oil gas assets and
54,652,955.84 36,456,631.31
depreciation of biological assets for production
Amortization of intangible assets 863,889.98 778,629.00
Amortization of long-term prepaid expenses 10,155,104.94 9,106,562.55
Loss from disposal of fixed assets, intangible assets and other
3,031,657.80 12,353.19
long-term assets (for gain filled in "－")
Loss on retirement of fixed assets (for gain filled in "－")
Loss from change of fair value (for gain filled in "－")
82
黄山旅游发展股份有限公司 2013 年半年度报告
Financial expenses (for gain filled in "－") 5,676,802.89 15,187,040.40
Loss from investment (for gain filled in "－") 992,735.35 -8,048,323.60
Decrease of deferred income tax assets (for increase filled in
"－")
Increase of liabilities for deferred income tax (for decrease
filled in "－")
Decrease of inventories (for increase filled in "－") -39,082,264.48 -48,336,456.29
Decrease of operational receivables (for increase filled in "－
-228,228,987.92 18,904,232.48
")
Increase of operational payables (for decrease filled in "－") 137,491,578.65 -138,663,657.55
Other
Net cash flow from operating activities 24,404,253.80 33,845,688.28
2. Significant investment and financing activities not
involved with receipts and disbursements of cash:
Debt transferred to capital
Convertible company bonds due in one year
Fixed assets under financing lease-in
3. Net change of cash and cash equivalents:
Closing balance of cash 219,151,762.27 292,562,938.81
Less: Beginning balance of cash 332,175,542.84 254,704,507.27
Plus: Closing balance of cash equivalents
Less: Beginning balance of cash equivalents
Net increase of cash and cash equivalents -113,023,780.57 37,858,431.54
(2) Composition of cash and cash equivalents
Unit: RMB
Item Closing balance Beginning balance
1. Cash 219,151,762.27 332,175,542.84
Incl.: Cash on hand 1,858,662.49 1,080,895.07
Bank deposit usable for paying at any time 216,986,735.70 331,094,647.77
Other monetary fund usable for paying at any time 306,364.08
Deposit in central bank usable for paying
Deposit in other banks
Inter-bank loans
2. Cash equivalents
Incl.: Bond investment due in 3 months
3. Closing balance of cash and cash equivalents 219,151,762.27 332,175,542.84
VII. Related party and related transaction
1. Parent company of the Company
Unit: RMB'0000
Name of the parent Related Legal
Registration Business
Type of business
company relation representative
address nature
Tourist service,
scenic spot
Huangshan Tourism Controlling Limited liability Anhui Province
Xu Jiwei resource
Group Co., Ltd. shareholder company Huangshan City
management,
etc.
(Continued)
83
黄山旅游发展股份有限公司 2013 年半年度报告
Shareholding Voting power
Registered
ratio of the ratio of the
Name of the parent capital Final controller Organization
parent company parent company
company (RMB'000 of the Company code
in the Company in the Company
0)
(%) (%)
Huangshan City
State-owned
Huangshan Tourism
83,800.00 41.95 41.95 Assets Supervision 70495395-0
Group Co., Ltd.
and Administration
Commission
2. Subsidiaries of the Company
Unit: RMB'0000
Ratio
Registered of
Full name of Type of Type of Registration Legal Business Shareholding Organization
capital voting
subsidiary subsidiary business address representative nature ratio (%) code
(RMB'0000) power
(%)
Huangshan
Yubing
Limited Huangshan
Passenger Cableway
Controlled liability City Scenic Jie Chuanfu 1,900.00 80.00 80.00 15148833-0
Transport transport
company Area
Cableway
Co., Ltd.
Huangshan
Limited Huangshan
Taiping Cableway
Controlled liability City Scenic Jie Chuanfu USD 697.50 70.00 70.00 61049546-9
Cableway transport
company Area
Co., Ltd.
Huangshan
Limited Huangshan
Overseas Wholly Tourist
liability City Tunxi Wang Yongming 289.00 100.00 100.00 48576090-4
Travel owned service
company District
Agency
Huangshan
Tuma Limited Huangshan
Tourist
Tourism Controlled liability City Tunxi Huang Huimin 500.00 99.00 99.00 77908529-7
service
E-business company District
Co., Ltd.
Huangshan
Flower Hill
Limited Huangshan Development
& Labyrinth
Controlled liability City Tunxi Li Minghao of scenic 100.00 75.00 75.00 71394617-0
Tourism
company District spot
Development
Co., Ltd.
Huangshan
Hui Cultural Limited Huangshan
Tourist
Tourism Controlled liability City Tunxi Yin Yin 336.80 70.00 70.00 15148904-2
service
Development company District
Co., Ltd.
Huangshan
Pipeng Limited Huangshan
Tourist
Cultural Controlled liability City Tunxi Li Minghao 500.00 90.00 90.00 70495052-2
service
Development company District
Co., Ltd.
84
黄山旅游发展股份有限公司 2013 年半年度报告
Huangshan
Zhonghai
Limited Huangshan
Holiday Tourist
Controlled liability City Tunxi Wang Yongming 100.00 51.00 51.00 76278700-6
Travel service
company District
Service Co.,
Ltd.
Huangshan
Zhonghai
Limited Huangshan
Meeting and Wholly Tourist
liability City Tunxi Wang Yongming 10.00 100.00 100.00 78108010-2
Exhibition owned service
company District
Service Co.,
Ltd.
Huangshan
City
Limited Huangshan
Huangshan Wholly Tourist
liability City Tunxi Wang Yongming 180.00 100.00 100.00 71394591-X
Air Tourism owned service
company District
Service Co.,
Ltd.
Huangshan
Tourism Limited Huangshan
Wholly Hotel
Lotus Hotel liability City Tunxi Wang Yuqiu 100.00 100.00 100.00 66794361-3
owned management
Management company District
Co., Ltd.
Huangshan
Tourism
Limited Huangshan
Yubing Real Wholly Real estate
liability City Tunxi Wang Yuqiu 20,000.00 100.00 100.00 66794363-X
Estate owned development
company District
Development
Co., Ltd.
Huangshan
Old
Limited Huangshan
Huishang Wholly Commercial
liability City Tunxi He Yifei 50.00 100.00 100.00 68209092-X
Tourism & owned trading
company District
Commercial
Co., Ltd.
Beijing
Huishang
Limited Beijing
Guli Restaurant
Controlled liability Dongcheng Wang Yuqiu 500.00 93.04 93.04 69001065-1
Restaurant management
company District
Management
Co., Ltd.
Huangshan Limited Huangshan
Hotel
Xihai Hotel Controlled liability City Scenic Wang Yuqiu 222.60 94.00 94.00 61048772-5
operation
Co., Ltd. company Area
Huangshan
Limited Huangshan
City China Wholly Tourist
liability City Tunxi Wang Yongming 295.00 100.00 100.00 48576034-9
Travel owned service
company District
Service
Huangshan
China Limited Huangshan
Wholly Tourist
International liability City Tunxi Wang Yongming 150.00 100.00 100.00 15146285-1
owned service
Travel company District
Service
85
黄山旅游发展股份有限公司 2013 年半年度报告
Huangshan
Tuma
Limited Huangshan
International Wholly Tourist
liability City Tunxi Huang Huimin 30.00 100.00 100.00 57177136-X
Travel owned service
company District
Agency Co.,
Ltd.
Huangshan
City Yuping Limited Huangshan
Wholly Realty
Realty liability City Tunxi Hu Richeng 50.00 100.00 100.00 05973592-5
owned management
Management company District
Co., Ltd.
Beijing
Huishang
Limited Beijing Food and
Feeling Wholly
liability Xicheng Wang Yuqiu beverage 30.00 100.00 100.00 55138785-4
Restaurant owned
company District service
Management
Co., Ltd.
3. Joint ventures and affiliated enterprises of the Company
Unit: RMB'0000
Ratio of
Relation Registered
Full name of Type of Registration Legal Business Shareholding voting Organization
with the capital
subsidiary business address representative nature ratio (%) power code
Company (RMB'0000)
(%)
Changchun
Limited
Clean-moon Changchun
Affiliated liability Gong Wenbin Tourist service 1,000.00 20.00 20.00 24498864-1
Pool Recreation Jinyue Pool
company
Co., Ltd.
Huangshan
First Station
Limited Huangshan
Public Information
Affiliated liability City Tunxi Li Xuejun 300.00 30.00 30.00 05845247-2
Information consultation
company District
Service Co.,
Ltd.
China
International Limited
Hefei Luyang
Travel Service Affiliated liability Chen Lu Tourist service 1,000.00 34.00 34.00 05293843-9
District
(Anhui) Co., company
Ltd.
Huangshan
Longxiang Limited Huangshan
Cultural Affiliated liability City Tunxi Wang Chunfeng Tourist service 100.00 30.00 30.00 06521078-9
Communication company District
Co., Ltd.
Huangshan
Zhongjing
Limited Huangshan
Huihe
Affiliated liability City Tunxi Huang Huimin Tourist service 500.00 60.00 60.00 06651461-0
Commercial
company District
Service Co.,
Ltd.
4. Other related parties of the Company
86
黄山旅游发展股份有限公司 2013 年半年度报告
Relation with the Organization
Name of the other related party
Company code
Huangshan Scenic Spot Management Committee ("Management Shareholder of parent
-
Committee") company
Unit under the
Huangshan Scenic Spot Water Supply Co., Ltd. ("Water Supply
Management 70495116-2
Company")
Committee
China Travel Scenic Spot Investment Co., Ltd. ("China
Investor of subsidiary 78320409-2
Zhongjing")
Pujia (Hong Kong) Co., Ltd. ("Hong Kong Pujia") Investor of subsidiary -
Beijing Weidiya Scientific Trading Co., Ltd. ("Beijing Weidiya") Investor of subsidiary 79213190-5
Huangshan Tourism Group Tiandu Real Estate Co., Ltd. ("Tiandu Controlled by a same
79811886-7
Real Estate") parent company
5. Related transactions
(1) Purchase of commodity and acceptance of labour service
Unit: RMB
Current period Previous period
Pricing mode and
Content of Ratio in total of Ratio in total
decision-making
Related party related same of same
process for the Amount Amount
transaction transaction transaction
related transaction
amount (%) amount (%)
Meal and
Huangshan
drink,
Tourism Group Market price 46,956.00 0.01 59,728.00 0.01
entrance
Co., Ltd.
ticket, etc.
Huangshan Meal and
Scenic Spot drink,
Market price 6,303,626.86 0.91 7,811,211.96 1.04
Management entrance
Committee ticket, etc.
(2) Related trusteeship/contracting
The Company signed the Tianhai Reception Centre Contracting Agreement with the Management
Committee. The agreement specifies that, the Company shall contract the Tianhai Reception
Centre in Tianhai Management Zone of Garden Bureau under the Management Committee with
the period from January 1, 2011 to December 31, 2015. The contracting payment shall be RMB
3,800,000 for the first year, and afterwards the annual increase rate shall be confirmed according to
the profit growth rate of Baiyun Hotel under the Company. If the contracting period is expired and
Tianhai Reception Centre still needs to be contracted, the Company shall have the first right for
contracting.
(3) Related leasing
The Company signed the Xihai Waterside Pavilion Lease agreement with Huangshan Scenic Spot
Water Supply Co., Ltd., which specified that, the Company shall lease Xihai Waterside Pavilion
from Huangshan Management Committee for as the dormitory of employees for the leasing term
of 3 years and with the rent of RMB 2,662,000 in 2011, RMB 2,822,000 in 2012 and RMB
2,991,000 in 2013, and the rent shall be paid in full before January 31 each year.
(4) Related guarantee
On April 27, 2011, the Company's 26th meeting of 4th Board of Directors examined and passed
the Motion on Providing Guarantee for the Controlled Subsidiary, which agreed to provide
87
黄山旅游发展股份有限公司 2013 年半年度报告
guarantee for the Company's controlled subsidiary Huangshan Flower Hill & Labyrinth Tourism
Development Co., Ltd. to apply for the credit line of RMB 4,000,000 in the Bank of China
Huangshan Branch, with the valid term of 3 years. As of June 30, 2013, the subsidiary Huangshan
Flower Hill & Labyrinth Tourism Development Co., Ltd. still had not made the loan.
(5) Other related transactions
Amount of current Amount of previous
Name of unit Nature of fund period (January to period (January to Note
June, 2013) June, 2012)
Huangshan Tourism Group Operation expenses and
2,700,000.00 2,700,000.00 *1
Co., Ltd. charges of life service
Maintenance and
Huangshan Tourism Group
construction cost of 14,463,143.55 17,493,166.98 *2
Co., Ltd.
scenic spot
Royalty for exclusive
Huangshan Scenic Spot
selling right of entrance 77,410,377.40 100,943,544.41 *3
Management Committee
tickets
Huangshan Scenic Spot
Heritage protection cost 26,035,701.00 29,487,449.00 *4
Management Committee
Total - 120,609,221.95 150,624,160.39 -
Note*1: In 1996, the Company signed an operation and life service contract with a term of 40
years with Huangshan Tourism Group Co., Ltd. According to the contract, Huangshan Tourism
Group Co., Ltd. provided service to employees of the Company including water, electricity, gas,
staff canteen, public bathroom, school and hospital. The Company liquidates this life service fee
with Huangshan Tourism Group Co., Ltd. at the end of each year. At end of 2002 the Company
made negotiation again with Huangshan Tourism Group Co., Ltd. for this business service and life
service contract; since the end of 2002 for at least 5 years, the Company needs to pay life service
charge of RMB 5,400,000.00 to Huangshan Tourism Group Co., Ltd. As of June 30, 2013, the
Company had not signed new life service agreement with Huangshan Tourism Group Co., Ltd.
temporarily.
Note*2: The Company pays RMB 5-10 for each cable ticket to the Huangshan Tourism Group Co.,
Ltd. as the construction and maintenance cost of Huangshan scenic spot based on the "Reply on
Cableway Price of Huangshan Scenic Spot (Huangjiazi [2000] No. 114)" issued by the Price
Bureau of Huangshan City.
Note*3: On August 13, 1996 the Company signed an agreement on authorization of management
of entrance ticket for Huangshan Scenic Spot with Huangshan Scenic Spot Management
Committee, valid until the end of 2036. According to this agreement, the company shall pay
50%% of net amount of entrance ticket income subtracting business tax and surtax and ticket
office cost to Huangshan Scenic Spot Management Committee as Royalty for exclusive selling
right of entrance tickets for Huangshan Scenic Spot.
Note*4: According to the "Reply on Adjustment of the Price of Entrance Ticket of Huangshan
Scenic Spot (Huangjiazi [2009] No. 22" issued by the Price Bureau of Huangshan City, the
protection charge for landscape resources of RMB 20 contained in each entrance ticket shall be
adjusted to RMB 23 as heritage protection cost since May 1, 2009. The Company now pays the
heritage protection cost to Huangshan Management Committee according to this standard.
6. Receivable and payable of related parties
The listed Company's receivable from related parties:
Unit: RMB
Beginning balance of the
Item Related party Closing balance
year
88
黄山旅游发展股份有限公司 2013 年半年度报告
Provisions Provisions
Book
Book balance for bad for bad
balance
debt debt
Accounts Huangshan Scenic Spot
14,516,104.27 1,182,304.32 9,602,607.25 1,182,304.32
receivable Management Committee
The listed Company's payables to related parties:
Unit: RMB
Beginning balance of the
Item Related party Closing balance
year
Dividend China Travel Scenic Spot
10,095,632.47 3,452,614.29
payable Investment Co., Ltd.
Other Huangshan Scenic Spot
147,169,436.94 125,885,413.61
payables Management Committee
Other Huangshan Tourism
92,433,324.94 77,202,223.06
payables Group Co., Ltd.
Other Beijing Weidiya Scientific
2,854,154.00 3,445,754.00
payables Trading Co., Ltd.
Long-term Pujia (Hong Kong) Co.,
6,863,845.05 6,863,845.05
payables Ltd.
VIII. Payment for shares:
None
IX. Contingencies:
None
X. Commitments:
1. Significant commitments
(1) Capital commitments
As of June 30, 2013, the Company did not have any capital expenditure commitments needed to be
disclosed.
(2) Commitments for operating lease
Based on the signed irrevocable operating lease contract, the future least payments of rent are
summarized as follows:
Future paying period Closing balance Beginning balance of the year
Within 1 year 2,694,199.00 2,615,727.18
1-2 years 2,855,850.93 2,772,670.81
2-3 years 3,027,201.99 2,939,031.06
Over 3 years 121,627,486.47 123,046,172.75
Total 130,204,738.39 131,373,601.80
Note: According to the contracts signed between the Company and the Bureau of Land
Management of Anhui Province Huangshan City on August 13, 1996 and December 23, 1996, the
Company has rented the state owned lands in Huangshan scenic spot with the land area of 74,320
square meters and 9,919.9 square meters respectively, the periods of which would be expired
respectively on October 1, 2036 and January 1,2037, totally 40 years. According to the
supplemental agreement signed between the Company and Huangshan City Land Management
Bureau in 2006, the rented area shall be changed to 54,199.00 square meters and 9,919.90 square
meters and the renting period shall keep unchanged, but the land rent shall increase by 6% each
year. As of June 30, 2013, the Land rent then was RMB 2,694,199.00.
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黄山旅游发展股份有限公司 2013 年半年度报告
2. Implementation of commitments in previous period
As of June 30, 2013, the Company had implemented the commitments in previous period as agreed.
XI. Notes to main items of the financial statements of the parent company
1. Account receivable:
(1) Accounts receivable disclosed as per type:
Unit: RMB
Closing balance
Book balance Provisions for bad debt
Type
Appropriation
Amount Ratio (%) Amount
ratio (%)
Accounts receivable with significant
individual amount and provisions for - - - -
bad debt appropriated individually
Accounts receivable with provisions for
bad debt appropriated according to 36,999,183.71 94.16 6,703,457.70 18.12
combinations
Incl.: The combination with account age
36,999,183.71 94.16 6,703,457.70 18.12
as the credit risk feature
The accounts receivable with
non-significant individual amount but
2,295,389.39 5.84 1,168,574.89 50.91
with provisions for bad debt
appropriated individually
Total 39,294,573.10 100.00 7,872,032.59 20.03
(Continued)
Beginning balance of the year
Book balance Provisions for bad debt
Type
Appropriation
Amount Ratio (%) Amount
ratio (%)
Accounts receivable with significant
individual amount and provisions for - - - -
bad debt appropriated individually
Accounts receivable with provisions for
bad debt appropriated according to 25,039,335.79 91.60 6,703,457.70 26.77
combinations
Incl.: The combination with account age
25,039,335.79 91.60 6,703,457.70 26.77
as the credit risk feature
The accounts receivable with
non-significant individual amount but
2,295,389.39 8.40 1,168,574.89 50.91
with provisions for bad debt
appropriated individually
Total 27,334,725.18 100.00 7,872,032.59 28.80
The account receivable with provisions for bad debt appropriated with aging analysis method in the
combinations:
Unit: RMB
Closing balance Beginning balance
Account
Book balance Provisions Book balance Provisions
age
Amount Ratio (%) for bad debt Amount Ratio (%) for bad debt
Within 1
year
Incl.:
90
黄山旅游发展股份有限公司 2013 年半年度报告
Within 1
29,676,325.84 80.21 161,186.95 18,419,373.36 73.56 536,285.29
year
Subtotal
within 1 29,676,325.84 80.21 161,186.95 18,419,373.36 73.56 536,285.29
year
1 to 2
1,561,174.25 4.22 780,587.13 905,580.06 3.62 452,790.04
years
Over 2
5,761,683.62 15.57 5,761,683.62 5,714,382.37 22.82 5,714,382.37
years
Total 36,999,183.71 100.00 6,703,457.70 25,039,335.79 100.00 6,703,457.70
The accounts receivable with non-significant individual amount but with provisions for bad debt
appropriated individually at end of the report period
Unit: RMB
Content of accounts Amount of Appropriation Reason for
Book balance
receivable bad debt ratio (%) appropriation
Huangshan City Expected
government reception 377,784.23 157,925.64 41.80 unreclaimable
office partially
Expected
Huangshan City Tourism
218,175.98 122,903.04 56.33 unreclaimable
Committee
partially
Huangshan China Youth Expected
Zhongshan International 149,951.80 18,157.90 12.11 unreclaimable
Travel Agency partially
Expected
Other small customers 1,549,477.38 869,588.31 56.12 unreclaimable
partially
Total 2,295,389.39 1,168,574.89 50.91 -
(2) The accounts receivables from the shareholders holding 5% or higher in total shares with
voting power in the Company in the report period
During the report period in accounts receivables, there was no debt owed to the shareholders
holding 5% or higher of the total shares with voting power of the Company.
(3) Top five units in the amount of accounts receivable
Unit: RMB
Related Ratio in total
relation accounts
Name of unit Amount Age limit
with the receivable
Company (%)
Huangshan Scenic Spot Management Related Within 3
13,973,215.66 35.56
Committee party years
Huangshan Huizhou Tourism General Non related Over 3
2,325,215.04 5.92
Company party years
Non related Within 1
Huangshan Tianxia Network Co., Ltd. 1,161,617.60 2.96
party year
Non related Over 3
Huangshan municipal government 1,078,335.94 2.74
party years
Zhongshan China International Travel Non related Within 1
1,031,141.64 2.62
Service Co., Ltd. party year
Total - 19,569,525.88 - 49.80
91
黄山旅游发展股份有限公司 2013 年半年度报告
(4) Accounts receivable from related parties
Unit: RMB
Relation with the Ratio in total accounts
Name of unit Amount
Company receivable (%)
Huangshan Scenic Spot Shareholder of parent
13,973,215.66 35.56
Management Committee company
Total / 13,973,215.66 35.56
2. Other receivables:
(1) Other receivables disclosed as per type:
Unit: RMB
Closing balance
Book balance Provisions for bad debt
Type
Appropriation
Amount Ratio (%) Amount
ratio (%)
Other receivables with significant
individual amount and provisions for - - - -
bad debt appropriated individually
Other receivables with provisions for
bad debt appropriated according to 917,886,068.70 100.00 8,485,256.44 0.92
combination
Incl.: The combination with account age
21,934,414.78 2.39 8,485,256.44 38.68
as the credit risk feature
Combination of other receivables
895,951,653.92 97.61 - -
as per subsidiaries
Other receivables with non-significant
individual amount but with provisions - - - -
for bad debt appropriated individually
Total 917,886,068.70 100.00 8,485,256.44 0.92
(Continued)
Beginning balance of the year
Book balance Provisions for bad debt
Type
Appropriation
Amount Ratio (%) Amount
ratio (%)
Other receivables with significant
individual amount and provisions for - - - -
bad debt appropriated individually
Other receivables with provisions for
bad debt appropriated according to 804,141,401.14 100.00 8,485,256.44 1.06
combination
Incl.: The combination with account age
12,966,444.10 1.61 8,485,256.44 65.44
as the credit risk feature
Combination of other receivables
791,174,957.04 98.39 - -
as per subsidiaries
Other receivables with non-significant
individual amount but with provisions - - - -
for bad debt appropriated individually
Total 804,141,401.14 100.00 8,485,256.44 1.06
Other account receivable with provisions for bad debt appropriated with aging analysis method in
the combinations:
92
黄山旅游发展股份有限公司 2013 年半年度报告
Unit: RMB
Closing balance Beginning balance
Account age Book balance Provisions Book balance Provisions
Amount Ratio (%) for bad debt Amount Ratio (%) for bad debt
Within 1 year
Incl.:
Within 1 year 13,322,898.76 60.74 91,741.29 4,347,001.68 33.53 130,374.10
Subtotal within 1
13,322,898.76 60.74 91,741.29 4,347,001.68 33.53 130,374.10
year
1 to 2 years 436,001.74 1.99 218,000.87 529,120.18 4.08 264,560.10
Over 3 years 8,175,514.28 37.27 8,175,514.28 8,090,322.24 62.39 8,090,322.24
Total 21,934,414.78 100.00 8,485,256.44 12,966,444.10 100.00 8,485,256.44
(2) In the report period for other receivables, the shareholders holding 5% or higher in total
shares with voting power in the Company
During the report period in other receivable there was no debt from the shareholders holding 5% or
higher of the total shares with voting power of the Company.
(3) Top five units for the amount of other accounts receivable
Unit: RMB
Related Ratio in total
relation amount of
Name of unit Amount Age limit
with the other
Company receivables (%)
Huangshan Tourism Yubing Real Estate Related Within 1
560,218,839.87 61.03
Development Co., Ltd. party year
Related Within 1
Huangshan Xihai Hotel Co., Ltd. 221,909,839.99 24.18
party year
Beijing Huishang Guli Restaurant Related Within 1
40,686,208.51 4.43
Management Co., Ltd. party year
Huangshan Tuma Tourism E-business Co., Related Within 1
32,089,246.44 3.50
Ltd. party year
Related Within 1
Huangshan City China Travel Service 16,282,765.90 1.77
party year
Total - 871,186,900.71 - 94.91
(4) Other receivable from related parties
Unit: RMB
Related Ratio in total
relation amount of
Name of unit Amount Age limit
with the other
Company receivables (%)
Huangshan Tourism Yubing Real Estate Within 1
Subsidiary 560,218,839.87 61.03
Development Co., Ltd. year
Within 1
Huangshan Xihai Hotel Co., Ltd. Subsidiary 221,909,839.99 24.18
year
Beijing Huishang Guli Restaurant Within 1
Subsidiary 40,686,208.51 4.43
Management Co., Ltd. year
Huangshan Tuma Tourism E-business Co., Within 1
Subsidiary 32,089,246.44 3.50
Ltd. year
93
黄山旅游发展股份有限公司 2013 年半年度报告
Within 1
Huangshan City China Travel Service Subsidiary 16,282,765.90 1.77
year
Huangshan Old Huishang Tourism & Within 1
Subsidiary 12,252,955.99 1.33
Commercial Co., Ltd. year
Beijing Huishang Feeling Restaurant Within 1
Subsidiary 7,349,589.92 0.80
Management Co., Ltd. year
Huangshan Yubing Passenger Transport Within 1
Subsidiary 2,551,983.36 0.28
Cableway Co., Ltd. year
Huangshan Hui Cultural Tourism Within 1
Subsidiary 2,359,025.94 0.26
Development Co., Ltd. year
Huangshan Pipeng Cultural Development Within 1
Subsidiary 238,000.00 0.03
Co., Ltd. year
Huangshan Flower Hill & Labyrinth Within 1
Subsidiary 13,198.00 0.00
Tourism Development Co., Ltd. year
Total - 895,951,653.92 - 97.61
3. Long-term equity investment
Unit: RMB
Beginning
Accounting Increase or
Invested unit Investment cost balance of the Closing balance Note
method decrease
year
Huangshan City
Cost method 3,385,072.00 3,385,072.00 - 3,385,072.00 -
China Travel Service
Huangshan Overseas
Cost method 42,022.00 42,022.00 - 42,022.00 -
Travel Agency
Huangshan China
International Travel Cost method 3,703,042.00 3,703,042.00 - 3,703,042.00 -
Service
Huangshan Yubing
Passenger Transport Cost method 27,341,281.00 27,341,281.00 - 27,341,281.00 -
Cableway Co., Ltd.
Huangshan Taiping
Cost method 54,510,926.65 54,510,926.65 - 54,510,926.65 -
Cableway Co., Ltd.
Huangshan Hui
Cultural Tourism
Cost method 2,357,887.00 2,357,887.00 - 2,357,887.00 -
Development Co.,
Ltd.
Huangshan Pipeng
Cultural
Cost method 4,500,000.00 4,500,000.00 - 4,500,000.00 -
Development Co.,
Ltd.
Huangshan Tuma
Tourism E-business Cost method 4,500,000.00 4,500,000.00 - 4,500,000.00 -
Co., Ltd.
Huangshan Xihai
Cost method 56,465,300.00 10,509,974.69 - 10,509,974.69 -
Hotel Co., Ltd.
Huangshan Tourism
Lotus Hotel
Cost method 1,000,000.00 1,000,000.00 - 1,000,000.00 -
Management Co.,
Ltd.
94
黄山旅游发展股份有限公司 2013 年半年度报告
Huangshan Tourism
Yubing Real Estate 200,000,000.0
Cost method 200,000,000.00 - 200,000,000.00 -
Development Co., 0
Ltd.
Huangshan Flower
Hill & Labyrinth
Cost method 3,000,000.00 3,000,000.00 - 3,000,000.00 -
Tourism Development
Co., Ltd.
Huangshan Old
Huishang Tourism &
Cost method 500,000.00 500,000.00 - 500,000.00 -
Commercial Co.,
Ltd.
Beijing Huishang
Guli Restaurant
Cost method 4,652,000.00 4,652,000.00 - 4,652,000.00 -
Management Co.,
Ltd.
Changchun
Equity
Clean-moon Pool 5,926,036.00 6,064,471.95 202,289.93 6,266,761.88 -
method
Recreation Co., Ltd.
Huangshan City
Yellow River Cost method 1,440,000.00 1,399,008.20 - 1,399,008.20 -
Guesthouse
Huangshan Hot
Spring Scenic Zone
United Tourism Cost method 23,666,174.48 22,553,923.77 - 22,553,923.77 -
Management Co.,
Ltd.
Huaan Securities 100,000,000.0
Cost method 100,000,000.00 - 100,000,000.00 -
Co., Ltd. 0
Total - 496,989,741.13 450,019,609.26 202,289.93 450,221,899.19 -
(Continued)
Note on
inconsistence Provision for
Shareholding Voting power
between impairment Cash dividend
ratio in the ratio in the Provision for
Invested unit shareholding appropriated in current
invested unit invested unit impairment
ratio and voting in current period
(%) (%)
power ratio in period
the invested unit
Huangshan City
China Travel 100.00 100.00 Consistent - - -
Service
Huangshan
Overseas Travel 100.00 100.00 Consistent 42,022.00 - -
Agency
Huangshan China
International Travel 100.00 100.00 Consistent - - -
Service
Huangshan Yubing
Passenger Transport 80.00 80.00 Consistent - - 26,572,072.72
Cableway Co., Ltd.
Huangshan Taiping
70.00 70.00 Consistent 54,510,926.65 - -
Cableway Co., Ltd.
Huangshan Hui
70.00 70.00 Consistent - - -
Cultural Tourism
95
黄山旅游发展股份有限公司 2013 年半年度报告
Development Co.,
Ltd.
Huangshan Pipeng
Cultural
90.00 90.00 Consistent - - -
Development Co.,
Ltd.
Huangshan Tuma
Tourism E-business 99.00 99.00 Consistent - - -
Co., Ltd.
Huangshan Xihai
94.00 94.00 Consistent - - -
Hotel Co., Ltd.
Huangshan Tourism
Lotus Hotel
100.00 100.00 Consistent - - -
Management Co.,
Ltd.
Huangshan Tourism
Yubing Real Estate
100.00 100.00 Consistent - - -
Development Co.,
Ltd.
Huangshan Flower
Hill & Labyrinth
75.00 75.00 Consistent - - -
Tourism Development
Co., Ltd.
Huangshan Old
Huishang Tourism
100.00 100.00 Consistent - - -
& Commercial Co.,
Ltd.
Beijing Huishang
Guli Restaurant
93.04 93.04 Consistent - - -
Management Co.,
Ltd.
Changchun
Clean-moon Pool 20.00 20.00 Consistent - - -
Recreation Co., Ltd.
Huangshan City
Yellow River 23.22 23.22 Consistent 1,399,008.20 - -
Guesthouse
Huangshan Hot
Spring Scenic Zone
United Tourism 30.00 30.00 Consistent - - -
Management Co.,
Ltd.
Huaan Securities
3.53 3.53 Consistent 68,420,000.00 - -
Co., Ltd.
Total - - - 124,371,956.85 - 26,572,072.72
4. Operating income and operating cost:
(1) Operating income and operating cost
Unit: RMB
Item Current period Previous period
Main business income 394,585,163.28 491,123,368.09
96
黄山旅游发展股份有限公司 2013 年半年度报告
Other business income 405,800.00 470,060.00
Operating cost 250,725,042.26 273,694,607.02
(2) Main business (by sector)
Unit: RMB
Current period Previous period
Sector Operating
Operating cost Operating income Operating cost
income
Hotel 125,124,477.24 113,137,765.54 155,417,951.03 103,239,272.32
Cableway 65,169,855.00 12,603,207.31 79,237,305.00 14,749,462.55
Garden development 201,765,731.50 122,638,830.00 255,209,461.00 150,247,705.84
Contracting 3,716,021.48 2,309,971.30
Other business 857,560.00 1,913,359.96 1,154,917.00 1,610,807.58
Offset from each other -2,048,481.94 -2,206,237.24
Total 394,585,163.28 250,293,162.81 491,123,368.09 269,847,248.29
(3) Operating income from top 5 customers
Unit: RMB
Ratio in total operating income of
Name of customer Total operating income
the Company (%)
Huangshan City China Travel
7,754,800.00 1.96
Service
Huangshan Scenic Spot
5,573,000.06 1.41
Management Committee
Huangshan Zhonghai Holiday
4,982,907.00 1.26
Travel Service Co., Ltd.
Huangshan City Good Faith
3,758,582.00 0.95
Travel Agency Co., Ltd.
Huangshan China Youth
International Travel Agency Co., 3,602,024.00 0.91
Ltd.
Total 25,671,313.06 6.49
5. Investment income:
(1) Details of investment income
Unit: RMB
Current period Previous period
Income from long-term equity investment calculated with
26,572,072.72 37,839,633.74
cost method
Investment income from long-term equity investment
202,289.93 48,323.60
calculated with equity method
Total 26,774,362.65 37,887,957.34
(2) Investment income from long-term at cost investment reckoned with cost method
Unit: RMB
Invested unit Current period Previous period Reason for increase or decrease
Huaan Securities Co., Not distribute cash dividend in
8,000,000.00
Ltd. current period
Huangshan Yubing
26,572,072.72 29,839,633.74 Dividend distributed
Passenger Transport
97
黄山旅游发展股份有限公司 2013 年半年度报告
Cableway Co., Ltd.
Total 26,572,072.72 37,839,633.74 /
(3) Investment income from long-term equity investment reckoned with equity method
Unit: RMB
Invested unit Current period Previous period Reason for increase or decrease
Changchun Clean-moon Confirm according to equity
202,289.93 48,323.60
Pool Recreation Co., Ltd. method
Total 202,289.93 48,323.60 /
6. Supplementary information for cash flow statement:
Unit: RMB
Amount of current Amount of previous
Supplementary information
period period
1. Adjust net profit into cash flow in operating
activities:
Net profit 61,245,025.92 119,560,703.04
Plus: Provisions for impairment of assets
Depreciation of fixed assets, depletion of oil gas
assets and depreciation of biological assets for 45,005,308.50 30,493,082.15
production
Amortization of intangible assets 752,675.00 735,927.00
Amortization of long-term prepaid expenses 5,225,142.81 5,193,310.90
Loss from disposal of fixed assets, intangible
assets and other long-term assets (for gain filled in 3,010,947.22 6,432.01
"－")
Loss on retirement of fixed assets (for gain filled in
"－")
Loss from change of fair value (for gain filled in "
－")
Financial expenses (for gain filled in "－") 4,796,011.70 15,093,551.69
Loss from investment (for gain filled in "－") -26,774,362.65 -37,887,957.34
Decrease of deferred income tax assets (for
increase filled in "－")
Increase of liabilities for deferred income tax (for
decrease filled in "－")
Decrease of inventories (for increase filled in "－") 336,954.22 -4,287,832.57
Decrease of operational receivables (for increase
-126,179,411.10 -77,527,520.86
filled in "－")
Increase of operational payables (for decrease
59,228,045.86 -71,178,146.63
filled in "－")
Other
Net cash flow from operating activities 26,646,337.48 -19,798,450.61
2. Significant investment and financing
activities not involved with receipts and
disbursements of cash:
Debt transferred to capital
Convertible company bonds due in one year
Fixed assets under financing lease-in
3. Net change of cash and cash equivalents:
98
黄山旅游发展股份有限公司 2013 年半年度报告
Closing balance of cash 161,580,074.50 239,980,102.47
Less: Beginning balance of cash 230,854,724.46 183,790,692.71
Plus: Closing balance of cash equivalents
Less: Beginning balance of cash equivalents
Net increase of cash and cash equivalents -69,274,649.96 56,189,409.76
XII. Supplementary information
1. Details of non-recurring profit and loss in current period
Unit: RMB
Items of non-recurring profit and loss Amount
Profit or loss from disposal of non-current assets -3,031,657.80
Non-operating revenue and expenditure other than above items 4,135,269.20
Impacts from minority interest -275,902.85
Impact from income tax 5,333.40
Total 833,041.95
2. Return on net assets and earnings per share
Weighted average Earnings per share
Profit in the report period return on net assets Basic earnings per Diluted earnings per
(%) share share
Net profit attributed to
common shareholders of the 3.74 0.1538 0.1538
Company
Net profit attributed to
common shareholders of the
3.70 0.1520 0.1520
Company after deduction of
non-recurring profit and loss
99
黄山旅游发展股份有限公司 2013 年半年度报告
9. Documents for Reference
1. The text of the interim report with the signature of Chairman of the Board of Directors
2. The financial report with the signature and seal of the unit principal, financial principal and
head of accounting department
3. All the formal versions of the files and original text of the announcements disclosed publicly in
the newspapers appointed by China Securities Regulatory Commission during the report
period
4. Other relevant information
Chairman of the Board: Xu Jiwei
Huangshan Tourism Development Co., Ltd.
August 15, 2013
100
