2 results
20-F
2023 FY
CJET
Chijet Motor Company, Inc.
30 Apr 24
Annual report (foreign)
4:31pm
SCHEDULE OF OTHER CURRENT ASSETS
December 31, 2023 | December 31, 2022 | |||||||
US$’000 | US$’000 | |||||||
Prepayments for materials | 7,509 | 16,372 | ||||||
Prepayments for R&D | 110 | 698 | ||||||
Prepayments for utilities | 571 | 596 | ||||||
Other prepayments | 341 | 250 | ||||||
Deductible value-added tax input | 207 | 630 | ||||||
Other receivable | 1,662 | 250 | ||||||
Promissory note receivable | - | 1,380 | ||||||
Deferred cost | - | 2,959 | ||||||
Subtotal | 10,400 | 23,135 | ||||||
Less: allowance for bad debts | (449) | (230) | ||||||
Net balance | 9,951 | 22,905 |
20-F
2023 FY
CJET
Chijet Motor Company, Inc.
30 Apr 24
Annual report (foreign)
4:31pm
SCHEDULE OF RECONCILIATIONS OF INCOME TAX EXPENSES (BENEFITS)
December 31, 2023 | December 31, 2022 | December 31, 2021 | ||||||||||
US$’000 | US$’000 | US$’000 | ||||||||||
Loss before income tax expenses | (98,501) | (111,518) | (62,552) | |||||||||
Income tax benefits computed at the PRC statutory income tax rate of 25% | (24,625) | (27,880) | (15,638) | |||||||||
Effect of exempted revenue on taxes | - | (6) | (17,352) | |||||||||
Effect of additional deduction for qualified R&D expenses | (2,040) | (2,222) | (2,313) | |||||||||
Effect of changes in asset value | 1,711 | 1,068 | 1,999 | |||||||||
Non-deductible expenses | 154 | 5,657 | 182 | |||||||||
Changes in valuation allowance and others | 24,800 | 23,383 | 33,122 | |||||||||
Income tax expenses | - | - | - |
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