1, as a short-term loan.
The reason is that gold is also a currency. Borrowing gold from a bank is the same as borrowing money from a bank. Convert it into RMB according to the gold price on the day of borrowing gold, borrowing stocks and lending short-term loans. When returning, do the opposite input. Equivalent to the estimated approach and reversal. The price of gold can change at any time, and there will be a big difference between borrowing and returning. Lease fees paid to banks are included in financial expenses-interest expenses.
2. List the financial liabilities in the transaction.
The annual reports of listed companies Oriental Jinyu 20 10 and 20 1 1 are compiled as follows: inventory, trading financial liabilities-other financial liabilities. The price difference caused by the change of gold price is included in the income from the change of fair value. Personally, the borrowed money is used for processing and should be listed in inventory-raw materials, but the corresponding reasons are listed in financial liabilities. Is it reasonable? Not in the annual report.
3. The leased gold is not reflected in the statement.
This is my personal opinion, because the purpose of borrowing money is to process turnover.
I read the relevant contracts carefully and found that the bank provided the gold lease invoice and charged the lease fee, but the gold lent by the bank was not in the bank's credit index, so I suggested that it be kept in the physical account of the warehouse for future reference. The rental fee paid to the bank is directly included in the manufacturing cost or management cost when it occurs.
My reason is that when an enterprise borrows gold, it is also gold, but it is only leased. The enterprise has no ownership of the borrowed gold.
Similar examples are: the original value of the house will not be recorded in the house lease, and the rental expenses incurred will also be directly included in the management fee.