Anshan Heavy Duty Mining Machinery Co.Ltd(002667) announcement on the provision for asset impairment
Securities code: 002667 securities abbreviation: Anshan Heavy Duty Mining Machinery Co.Ltd(002667) Announcement No.: 2022-015 Anshan Heavy Duty Mining Machinery Co.Ltd(002667)
Announcement on the provision for asset impairment
The company and all members of the board of directors guarantee that the information disclosed is true, accurate and complete without false records, misleading statements or major omissions.
1、 Overview of the provision for asset impairment this time
Anshan Heavy Duty Mining Machinery Co.Ltd(002667) (hereinafter referred to as "the company") in order to truly reflect the company's financial situation and operating results in 2021, the 19th meeting of the sixth board of directors and the 16th meeting of the sixth board of supervisors deliberated and adopted the proposal on the provision for asset impairment in 2021. In accordance with the relevant provisions of the accounting standards for business enterprises and the company's accounting policies, and based on the principle of prudence, The company and all units within the scope of the consolidated statements have conducted impairment tests on assets with signs of impairment, such as inventories, construction in progress, other receivables and accounts receivable, as of December 31, 2021, and accrued impairment reserves according to the test results. The specific conditions of the company's provision for impairment of various assets in 2021 are expected to be as follows:
Unit: RMB 10000
No. amount of asset impairment provision withdrawn / reversed by asset category (reversal is listed with "-")
1 inventory 654.57
2. Construction in progress 40.00
3 contract assets -13.87
4. Accounts receivable 3798.70
5 notes receivable -24.88
6 other receivables 28.06
Total 4482.58
Note: the reversal data mentioned in this calculation has not been audited.
2、 Specific description of the provision for asset impairment
The provision for asset impairment this time is based on the accounting standards for business enterprises and relevant rules of Shenzhen Stock Exchange, follows the principles of prudence and rationality, conforms to the actual situation of the company, and can objectively, truly and fairly reflect the financial status and asset value of the company.
Anshan Heavy Duty Mining Machinery Co.Ltd(002667) announcement on the provision for asset impairment
(I) inventory falling price reserves according to the relevant provisions of the accounting standards for business enterprises, the company calculates the net realizable value of the inventory based on the estimated selling price of the inventory minus the estimated cost to be incurred at the time of completion, the estimated selling expenses and relevant taxes, and withdraws the inventory falling price reserves according to the difference between the book cost of the inventory and the net realizable value, From January to December 2021, the provision for asset impairment of inventories was 6.5457 million yuan.
(II) impairment loss of construction in progress according to the relevant provisions of the accounting standards for business enterprises, the company calculates the impairment loss of construction in progress based on the lower of the book value and recoverable amount at the end of the period, and accrues the difference between the recoverable amount and the book value. From January to December 2021, the provision for asset impairment of construction in progress was 400000 yuan.
(III) provision for bad debts of accounts receivable, contract assets, notes receivable and other receivables
According to the relevant provisions of the accounting standards for business enterprises, based on the credit risk characteristics of accounts receivable and other accounts receivable, the company divides them into different combinations, and calculates the expected credit loss on the basis of the combination. Based on the experience and changes of historical credit losses, combined with the current situation and the prediction of future economic conditions, the company determines the expected credit loss rate for the whole duration and estimates the expected credit loss. From January to December 2021, the provision for asset impairment of accounts receivable was 37.987 million yuan and the provision for asset impairment of contract assets was 138700 yuan, The amount of provision for asset impairment transferred back from notes receivable is 248800 yuan, and the amount of provision for asset impairment withdrawn from other receivables is 280600 yuan.
Among them, the individual provision for asset impairment of accounts receivable increased by 38.8 million yuan (increased by 40.06 million yuan in 2021 and reversed by 1.26 million yuan), and the main changes are as follows:
Asset name book value (10000 yuan) recoverable amount (10000 yuan) provision for asset impairment (10000 yuan)
Accounts receivable 4802 796 4006
After the overdue accounts receivable occurred, the company contacted for collection for many times, and the customer was unable to cooperate. By the end of the year, the company had successively sent a lawyer's letter to the other company, filed a lawsuit to the court and took property preservation measures. Due to the small amount of property available for execution by the customer, it is prudent for the listed company to make a single provision for impairment.
3、 Impact of the provision for asset impairment on the company
The company's provision for asset impairment in 2021 is about 44.8258 million yuan. After considering the impact of income tax, it is expected to reduce the company's net profit attributable to shareholders of listed companies by about 33.6194 million yuan in 2021 and the company's equity attributable to shareholders of listed companies by about 33.6194 million yuan in 2021. The company will perform necessary audit and evaluation procedures for various asset impairment provisions accrued this year, and the specific amount shall be subject to the company's 2021 annual report.
It is hereby announced
Anshan Heavy Duty Mining Machinery Co.Ltd(002667) announcement on the provision for asset impairment
Anshan Heavy Duty Mining Machinery Co.Ltd(002667) board of directors
January 28, 2022
