新会计准则下利润信息的合理使用——合并报表净利润与母公司报表净利润之选择

新会计准则使得合并报表净利润与母公司报表净利润之间的差异骤然扩大,这对上市公司股东和债权人的决策、上市公司股利分配以及企业集团内部的业绩考评等方面都将带来一定程度的影响。本文针对新会计准则实施后上述领域可能面临的问题,就相关决策者应如何合理使用合并报表和母公司报表净利润信息做了评析。本文认为,合并报表净利润为股东和债权人决策提供了基础性盈利信息,而母公司报表净利润则具有补充作用;就上市公司股利分配而言,母公司只有依照合并报表净利润与母公司报表净利润两者孰低原则进行股利分配,才能确保财务稳健;从内部业绩评价的角度看,考评母公司管理层的业绩时,在评价体系中应赋予合并报表和母公司报表净利润以适当的权重,从而既起到有效激励的效果,又有利于财务资源的集中控制。

Proper Utilization of Earnings Information under New Accounting Standards--The Choice between Consolidated and Parent Earnings

The implementation of the new accounting standards in China has potentially enlarged the difference between consolidated and parent earnings, which would bring influence on the decision of stockholders and creditors, dividend distribution of listed firms, and performance evaluation of business group. Focusing on possible problems in the above area, this paper analyses how consolidated and parent earnings information should be properly uti-lized. In this paper, we claim that consolidated earnings provide basic profit information for both stockholders and creditors, while parent earnings play an important complementary role. From the perspective of dividend distribution, only if parent firm makes decisions upon the lower of the consolidated and parent earnings, financial soundness will be attained. As far as internal performance evaluation is concemed, for the purpose of both adequate moti-vation and centralization of financial resources, a proper weight should be assigned to the consolidated and parent earnings when evaluating the perform-ance of patent firm's management.