On January 6, Silan Micro (600460) issued a notice saying that the company's 01 and 02 special projects were jointly subsidized by Zhejiang Province's local financial supporting funds to 4.03 million yuan. The company received the above subsidy funds on December 7, 2015. The 02 special project undertaken by Hangzhou Silan Integrated Circuit Co., Ltd., a subsidiary of the company, was awarded a total of 9.57 million yuan in local financial support funds in Zhejiang Province. The above-mentioned subsidy funds were received by Silan Integration on December 25, 2015.
According to the arrangement of Notice 1, Notice 2 and Notice 3, the specific list of the company's actual financial assistance funds recently obtained is as follows:
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Silan Micro recently received a notice from the Ministry of Industry and Information Technology on the second batch of funding plans. The company's "Intelligent Audio Key Components" project received a total of 10 million yuan in special subsidies. The company received the grant on December 22, 2015.
The above-mentioned financial subsidy funds received by the company will be included in the “Deferred Income†according to the “Accounting Standards for Business Enterprisesâ€. It is expected that the subsidy funds may have certain impact on the Company's 2015 profit. The accounting treatment will ultimately be based on the annual audit results of the accounting firm. .
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