【摘要】 本文采用了案例研究方法,通过以东航自身资本结构为出发点的单独分析合理确认东航确实存在受益期较长的经营租赁飞机项目,进而推断经营租赁的一个动机很可能是隐藏负债,降低资产负债率。本文在明确了东方航空公司相当一部分经营租赁飞机长期持续性的基础上,按照合理方法及时确认为一项资本性的负债承诺,并计算其对东航综合资产负债表和利润表影响,还原出真实的资产负债率水平,从而就可以反映东航真正的资本结构和财务风险。基于本文对经营租赁动机的研究,笔者认识到只有不断健全完善租赁会计准则、正确界定真实经营租赁和融资租赁,才能使投资者得到关于公司资本结构的真实会计信息。更多还原

【Abstract】 The study chooses China Eastern Airlines Corporations Ltd.(CEA for short) from the airline trans-portation industry in which leasing is blooming,as its object and examines the cooperation’s capital structure.As long as we make sure that there are airplanes which last for long in CEA,it can be inferred that another motive of more operating leases is for hiding debt and decreasing the debt ratio.According to the analysis above,it is necessary to figure out the true lease obligation as well as the real effect on the consolidated balance sheet and profit and loss account in order to reflect the real capital structure and financial risks of CEA.We find in order to make the investors and creditors get real information about financial structure,we must improve the lease ac-counting principals and tell real operating lease and financial lease apart.更多还原