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Three listed airports will cancel the subsidy policy of the Civil Aviation Development Fund for half

Enlarged font  Narrow font Release date:2018-06-16  Browse number:2
Note: A few days ago, A shares listed company Baiyun Airport announced that in June 15th, the company received a notice from t
 A few days ago, A shares listed company Baiyun Airport announced that in June 15th, the company received a notice from the finance ministry forwarded by the China Civil Aviation Administration's finance department to notify the cancellation of the Civil Aviation Development Fund for the return of Baiyun Airport and other listed airports as an enterprise income treatment policy.
In this regard, the announcement explained that the approval of the State Council, Baiyun Airport and other listed airports will cancel the Civil Aviation Development Fund for the return of business income treatment policy. The half year policy transition period will be set up. From the date of the announcement of the Ministry of Finance in May 29, 2018, half a year will continue to be handled by the listed airport as an enterprise income. After the expiration of the transitional period, the civil aviation development fund policy will be implemented along with other airports.
In June 15th, the capital airport of the H-share listed company also issued a announcement that the civil aviation development fund would be cancelled for the return of the enterprise income treatment policy. The coverage of the policy is clear that the Civil Aviation Development Fund will be abolished for the return of three airports, such as "capital airport". Income treatment policy.
The daily economic news reporter noticed that the "Civil Aviation Development Fund" is the product of the evolution of "airport construction fees" which were familiar to all walks of life. In March 2012, the Ministry of Finance issued the Interim Measures for the collection and operation of the Civil Aviation Development Fund, which was put into effect in April 1st of that year. The relevant provisions of the original civil aviation airport management and construction fee and the civil aviation infrastructure construction fund shall be abolished at the same time. And the Civil Aviation Development Fund and the airport construction fees are also generally the same, all passengers on domestic flights 50 yuan per person, international and regional flights outbound passengers 90 yuan per person.
However, the reporter found that according to the provisions of the provisional measures for the administration of the Civil Aviation Development Fund, the provisions of the Civil Aviation Development Fund for which kind of airports can be subsidized only include the content of subsidies to "small and medium-sized civil airports (including military and civilian airports)". The capital airport and Baiyun Airport, which publicly release the news, are the major hub for the first and third of the domestic throughput. Why can they also enjoy the subsidy and income return policy of the civil aviation development fund?
Regarding this, the reporter did not find the clear basis of this provision after consulting the website of the Ministry of Finance and the competent civil aviation department. However, in 2010, the Ministry of Finance pointed out that, during the period from January 1, 2011 to December 31, 2015, the three listed airports of the capital airport, Baiyun Airport and Meilan Airport will continue to take the subsidy of the airport management and construction fees as an enterprise. The annual subsidy is not less than 40% of the income from airport management and construction fees. The list of two listed airports, capital airport and Baiyun Airport, appeared in this list.
Why do three listed airports take the airport construction fee and the Civil Aviation Development Fund as the business income? The reporter noticed that in the company, Baiyun Airport had explained in the 2011 Annual report that in 2003, the Ministry of finance of the Ministry of Finance in Guangdong province had approved the office of the Financial Ombudsman in Guangdong province. However, the reporter also found that in the recent years of Baiyun Airport annual report, did not explain why the airport construction fees changed to the Civil Aviation Development Fund, can also enjoy the return policy.
According to incomplete statistics, China currently has six listed airports: Capital Airport, Meilan Airport, Baiyun Airport, Shanghai airport, Shenzhen airport and Xiamen airport. In the annual reports of Shanghai airport, Shenzhen airport and Xiamen airport, reporters did not find a list of "airport construction fees" or "civil aviation development funds".
What impact will it have on the revenue situation after the cancellation of the Civil Aviation Development Fund for the return of business income treatment policies in these airports? In this regard, Baiyun Airport in the announcement, 2015~2017, the company's income in the civil aviation development fund of the return amount of 698 million yuan, 777 million yuan, 837 million yuan, accounting for 12.42%, 12.60%, 12.38% of the total income of the year. According to the above notification, it is estimated that the amount of Civil Aviation Development Fund refunded in 2018 will amount to 800 million yuan ~8.5 billion yuan.
While the capital airport is expected, "according to the company's preliminary estimate of the passenger throughput expected at the capital airport, it is expected that the company's 2018 revenue will be reduced by no more than 120 million yuan." And the reporter also noted, from the 2017 annual report of the capital airport, the airport from the "airport fee" (according to the annual report, this part of the income is derived from the return of the Civil Aviation Development Fund) in one of the income of 1 billion 220 million yuan.
At the same time, the reporter also noted that although the announcement of the capital airport and Baiyun Airport mentioned the Ministry of Finance issued by the Ministry of finance related to the return of the Civil Aviation Development Fund for the return of the airport as an enterprise income treatment policy, the Ministry of finance has not issued the above policy documents on the website of the Ministry of finance. In addition, the airport construction fee refund policy of the Meilan Airport has not issued a bulletin on the content of this, this, the "daily economic news" journalists will continue to keep the attention.
 
 
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