Circular No. 2324-TC/TCDN guides the supplementation of working capital for state-owned enterprises that are effectively operating, specifically those with marketable products, higher profits than the previous year, and higher tax payments. Measures include allocating post-tax profits to working capital, mobilizing stagnant materials, using proceeds from selling shares during privatization, reallocating working capital from surplus to deficit enterprises, and additional budget allocation if necessary.
适用范围
State-owned enterprises effectively operating in production and business
要点
- Enterprises may allocate a portion of their post-tax profits (development fund) to working capital
- Mobilize stagnant materials and slow-moving inventory to increase working capital for enterprises
- Use proceeds from selling shares when state-owned enterprises undergo privatization to supplement working capital
- Transfer a portion of the working capital borrowed from State Commercial Banks currently used in production and business operations to state budget funding (excluding overdue debts)
- Reallocate working capital from surplus enterprises to deficit enterprises
- If enterprises still lack sufficient funds, the state budget will provide additional funding
🌐 本文件的社会影响
- Positive impact: Helps enterprises expand production and business operations, enhancing operational efficiency
- Negative impact: May impose financial pressure on the state budget if additional funding is required
❓ 常见问题
Which enterprises are eligible for supplementary working capital?
Enterprises effectively operating in production and business, specifically those with marketable products, higher profits than the previous year, and higher tax payments
How many measures are there to supplement working capital?
There are six measures: allocating post-tax profits to working capital, mobilizing stagnant materials, using proceeds from selling shares, reallocating working capital from surplus to deficit enterprises, and additional budget allocation if necessary
When must the supplementation of working capital be completed?
The supplementation of working capital for state-owned enterprises must be completed by August 1997
If enterprises still lack sufficient funds after implementing the measures, how will the state budget provide additional funding?
If enterprises still lack sufficient funds, the state budget will provide additional funding
Are there any limitations on using proceeds from selling shares to supplement working capital?
Do not transfer overdue debts when using proceeds from selling shares to supplement working capital
全文
LETTER
OF THE MINISTRY OF FINANCE NO. 2324 TC/TCDN DATE JULY 11, 1997
ON SUPPLEMENTING WORKING CAPITAL
Respected: Ministries, ministerial-level agencies, government-affiliated agencies
In order to contribute to the effective implementation of the economic and social plan for 1997 and subsequent years, the Government has decided to supplement working capital for state-owned enterprises engaged in profitable production and business activities. The Ministry of Finance hereby provides detailed guidance as follows:
I. ELIGIBLE ENTITIES FOR ADDITIONAL SUPPLEMENTATION:
These are enterprises that engage in profitable production and business activities, specifically:
- Producing products that can be sold (without accumulation).
- Having higher profits this year compared to the previous year.
- Paying higher taxes to the state budget this year compared to the previous year.
II. MEASURES TO SUPPLEMENT ADDITIONAL WORKING CAPITAL:
- Allocating a portion of post-tax profits (development fund) to convert into working capital.
- Mobilizing state-owned materials stored at the enterprise and surplus, slow-moving materials to increase working capital for the enterprise.
- Utilizing a portion of the proceeds from selling shares during the privatization of state-owned enterprises to supplement working capital.
- Converting a portion of the working capital currently borrowed from state-owned commercial banks for production and business purposes into state budget funding (excluding overdue debts).
- Reallocating working capital from surplus enterprises to deficit enterprises.
- In addition to the above measures, if the enterprise still lacks the required state budget funding, the state budget will provide additional funding.
The supplementation of working capital for state-owned enterprises should be completed by August 1997. Therefore, it is requested that ministries, ministerial-level agencies, and government-affiliated agencies coordinate with the Ministry of Finance to effectively implement the Government's policy.
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