Securities code: 002400 securities abbreviation: Guangdong Advertising Group Co.Ltd(002400) Announcement No.: 2022-002 Guangdong Advertising Group Co.Ltd(002400)
Announcement on the provision for asset impairment in 2021
The company and all members of the board of directors guarantee that the contents of the announcement are true, accurate and complete, and there are no false records, misleading statements or major omissions.
Guangdong Advertising Group Co.Ltd(002400) (hereinafter referred to as "the company") in order to truly, accurately and objectively reflect the company's financial situation and operating results, according to the accounting standards for business enterprises, the stock listing rules of Shenzhen Stock Exchange and other relevant provisions, the company has evaluated and analyzed all assets that need to be depreciated within the scope of the consolidated financial statements based on the principle of prudence, Provision for impairment shall be made for relevant assets that are expected to have a large possibility of impairment loss. The relevant information is described as follows:
1、 Summary of the expected provision for asset impairment
1. Reasons for the expected provision for asset impairment
According to the requirements of the accounting standards for business enterprises and the stock listing rules of Shenzhen Stock Exchange, in order to more truly and accurately reflect the asset status and financial status of the company as of December 31, 2021, the company and its subsidiaries conducted a comprehensive inventory of receivables, goodwill and other assets at the end of 2021, It is proposed to withdraw impairment provision for assets that may suffer from asset impairment loss.
2. Asset scope and estimated amount of the current provision for asset impairment
According to the preliminary calculation of the company's financial department, the provision for impairment of assets with signs of impairment at the end of 2021 is expected to be no more than 186.18 million yuan, as shown in the following table:
The estimated impairment amount does not exceed (ten thousand) accounting for the name of assets audited to be attributable to shareholders of Listed Companies in 2020
The proportion of the absolute value of net profit is expected to not exceed
Accounts receivable 8980 9.63%
Other receivables - 680 -0.73%
Goodwill 10318 11.07%
Total 18618 19.97%
3. The reporting period to be included in the provision for asset impairment is from January 1, 2021 to December 31, 2021.
4. The amount of asset impairment to be accrued this time is the preliminary calculation result of the company's financial department, and the final data is subject to the financial data audited by the accounting firm.
2、 Specific description of individual provision for asset impairment
1. The amount of provision for impairment of receivables to be withdrawn by the company in 2021 is expected to be no more than 83 million yuan, accounting for no more than 8.9% of the audited absolute value of net profit attributable to shareholders of Listed Companies in 2020. According to relevant regulations, The details of the provision for impairment of individual assets are as follows: the company separately determines the credit loss of accounts receivable with sufficient evidence that can evaluate the expected credit loss at a reasonable cost at the level of individual instruments. When there is no sufficient evidence to evaluate the expected credit loss at a reasonable cost at the level of single instrument, the company refers to the experience of historical credit loss, combined with the current situation and the judgment of future economic conditions, divides the accounts receivable into several combinations according to the characteristics of credit risk, and calculates the expected credit loss on the basis of the combination. The basis for determining the combination is as follows:
① Receivables for evaluating expected credit risk and measuring expected credit loss by portfolio:
Basis for determining project aging portfolio
The bad debt is not withdrawn, and the funds deposited by related companies in the company's Settlement Center for overall use.
Specific payment portfolio
prepare
The aging portfolio divided by aging refers to the experience of historical credit loss, combined with the credit risk characteristics of current and future economic conditions, and calculates the expected credit loss portfolio according to the expected credit loss rate throughout the duration.
② The aging of receivables and fixed loss reserve rate confirmed by the company with reference to historical credit loss experience and forward-looking information.
Expected credit loss rate of aging accounts receivable (%) expected credit loss rate of accounts receivable (%) within 1 year (including 1 year, the same below) 0.5 0.5
1-2 years 10
2-3 years 30
Expected credit loss rate of aging accounts receivable (%) expected credit loss rate of accounts receivable (%) over 3 years 100
According to the above methods and standards, the company expects that the provision for bad debts of receivables will not exceed 83 million yuan. 2. The amount of goodwill impairment provision to be withdrawn by the company in 2021 is expected to be no more than 103.18 million yuan, accounting for no more than 11.07% of the audited absolute value of net profit attributable to shareholders of Listed Companies in 2020. According to relevant regulations, The details of the provision for impairment of individual assets are as follows: according to the relevant provisions of the accounting standards for Business Enterprises No. 8 - asset impairment, the company will take December 31, 2021 as the base date to conduct impairment test on the goodwill of the acquired subsidiaries, and hire professional evaluation institutions to evaluate the relevant assets of the above companies with signs of impairment. Up to now, according to the preliminary estimation of the company's financial department and based on the principle of prudence, it is estimated that the amount of goodwill impairment in 2021 will not exceed 103.18 million yuan. The final data shall be determined by the evaluation institution and accounting firm.
3、 Explanation on the rationality of the provision for asset impairment this time
The provision for asset impairment this time follows the relevant provisions of the accounting standards for business enterprises and the Listing Rules of Shenzhen Stock Exchange. The basis for the provision for asset impairment fully and fairly reflects the company's asset status, making the company's accounting information on asset value more authentic, reliable and reasonable.
4、 The impact of the current provision for asset impairment on the company
According to the preliminary calculation of the company's financial department, the proposed provision for asset impairment is expected to be no more than 186.18 million yuan. After considering the impact of income tax, the net profit attributable to shareholders of the listed company in 2021 is expected to be reduced by no more than 186.18 million yuan, and the owner's equity attributable to shareholders of the listed company in 2021 is expected to be reduced by no more than 186.18 million yuan. The final data shall be subject to the financial data audited by the accounting firm.
It is hereby announced
Guangdong Advertising Group Co.Ltd(002400) board of directors
January 28, 2002
