Song Wah Cable received nearly 300 million special subsidy

Song Wah Cable Today, recently received the "Beijing Radio and Film and television bureau on the allocation of High-definition Interactive set-top box subsidy funds notice", the company will be Beijing 2010 HD Interactive set-top box 420 million yuan subsidy funds 70%, that is 294 million yuan.　　This is a one-time subsidy, earmarked for the Beijing 2010 promotion of 1 million HD interactive set-top box subsidy, support high-definition Interactive digital TV project steady implementation.　　Press Inspection company May 28 announcement, learned that the Beijing Financial Bureau issued 2010 the first batch of special government grant funds 200 million yuan, earmarked for Beijing to promote High-definition Interactive digital television project, will be directly allocated to the company. Company said that as at the notice date has not received the above, according to the relevant provisions of enterprise accounting standards, the above amounts recorded, will be credited to the "deferred income" subject, according to High-definition Interactive set-top box estimated service life of 5 years to amortization, the current year amortization of 34.3 million yuan, is expected to increase the total profit of