Announcement on provision for impairment of assets in 2021
Securities code: 002169 securities abbreviation: Guangzhou Zhiguang Electric Co.Ltd(002169) Announcement No.: 2022005 bond Code: 112752 bond abbreviation: 18 Zhiguang 01
Guangzhou Zhiguang Electric Co.Ltd(002169)
Announcement on provision for impairment of assets in 2021
The company and all members of the board of directors guarantee that the contents of the announcement are true, accurate and complete without false records, misleading statements or major omissions.
Guangzhou Zhiguang Electric Co.Ltd(002169) (hereinafter referred to as "the company") based on the principle of prudence, checked and tested the assets within the scope of the consolidated statements as of December 31, 2021, and confirmed the corresponding provision for impairment loss of relevant assets with impairment. Now the relevant information is announced as follows: I. overview of the provision for credit and asset impairment loss this time
In accordance with the accounting standards for business enterprises and relevant regulations of Shenzhen Stock Exchange, based on the principle of prudence, in order to more truly and accurately reflect the asset status and operating results of the company as of December 31, 2021, the company has conducted a comprehensive inventory and impairment test of various assets at the end of 2021, It is proposed to withdraw impairment provision for relevant assets with signs of impairment as of December 31, 2021. The details are as follows:
Unit: 10000 yuan
Amount of provision for impairment in the current period
1、 Credit impairment loss 1231.88
Including: notes receivable -6.23
Accounts receivable 1157.30
Other accounts receivable 80.81
2、 Asset impairment loss -11532.99
Including: inventory -778.35
Contract asset impairment loss 12.36
Investment real estate -262.43
Announcement on provision for impairment of assets in 2021
Intangible assets -10504.57
Total -10301.11
The provision for asset impairment has been deliberated and approved at the first meeting of the audit committee of the sixth board of directors of the company, and the provision for asset impairment of the company has been agreed. 2、 Description of provision for asset impairment
(I) notes receivable, accounts receivable and other accounts receivable
According to the characteristics of credit risk, the company divides notes receivable, accounts receivable and other accounts receivable into several combinations. On the basis of the combination, referring to the experience of historical credit loss, combined with the current situation and the prediction of future economic conditions, the company calculates the expected credit loss through the expected credit loss rate in the next 12 months or the whole duration. According to the above bad debt provision policy, the company reversed the bad debt impairment loss of notes receivable, accounts receivable and other accounts receivable in the reporting period, totaling 12.3188 million yuan, mainly due to the good collection of the company's customers during the reporting period.
(II) inventory
The company's inventories are measured at the lower of cost and net realizable value. When the net realizable value is lower than cost, the inventory falling price reserves are accrued. The net realizable value refers to the amount after the estimated selling price of the inventory minus the estimated cost to be incurred at the time of completion, estimated selling expenses and relevant taxes in the normal production process. When determining the net realizable value of inventories, the company shall take the obtained conclusive evidence as the basis, and consider the purpose of holding inventories and the impact of events after the balance sheet date. Accordingly, the company made provision for inventory falling price of 7.7835 million yuan in the reporting period.
(III) contract assets
The company measures its loss reserves according to the amount equivalent to the expected credit loss in the whole duration, and the increased or reversed amount of the loss reserves is included in the current profit and loss as impairment loss or gain. According to the bad debt provision policy, the company reversed the impairment loss of 123600 yuan in the current period.
(IV) investment real estate
The impairment test results of the company's investment real estate show that the recoverable amount of the asset is lower than its book value. The company shall withdraw the impairment provision according to the difference and record it into the impairment loss. The recoverable amount is the higher one between the net amount of the fair value of the asset minus the disposal expenses and the present value of the expected future cash flow of the asset.
During the reporting period, the company paid for the investment real estate (the real estate is taken by the customer to offset the debts owed to the company)
Announcement on provision for impairment of assets in 2021
(2.6243 million yuan of impairment provision is withdrawn.
(V) intangible assets
According to the accounting standards for Business Enterprises No. 8 - asset impairment and accounting standards for Business Enterprises No. 39 - fair value measurement, if there are signs of impairment of assets, its recoverable amount shall be estimated. If the recoverable amount of an asset is lower than its book value, the book value of the asset shall be written down to the recoverable amount, and the written down amount shall be recognized as asset impairment loss.
Pinglu Ruiyuan heating Co., Ltd., the company's holding Sun company, operates projects for urban central heating and providing power and steam to industrial customers. The early investment of the project is large and the investment recovery time is long. The project development does not meet expectations and has been in a state of operating loss. According to the current operation status of the project and the prediction of future operating income, the company plans to make impairment provision for the project, with a total impairment provision of 102.3843 million yuan for franchise rights.
In addition, through the impairment test of patent rights, the company made impairment provision for patent rights that could not bring economic benefits to the company in the future, with a total impairment provision of 2.6614 million yuan. 3、 The impact of the current provision for asset impairment on the company
The provision for asset impairment accrued by the company in 2021 totaled 103.0111 million yuan, which is expected to reduce the net profit attributable to the shareholders of the parent company by 95.9309 million yuan in 2021 and the owner's equity attributable to the parent company by 95.9309 million yuan in 2021.
The financial data related to the asset impairment loss accrued by the company this time has not been audited, and the final accounting treatment shall be subject to the results confirmed by the annual audit in 2021. 4、 Explanation on the rationality of the company's provision for asset impairment in 2021
The provision for asset impairment this time complies with the accounting standards for business enterprises and relevant accounting policies of the company, reflects the principle of prudence in accounting treatment, and conforms to the actual situation of the company. After the provision for asset impairment this time, it can more fairly reflect the financial status, asset value and operating results of the company as of December 31, 2021, Make the company's accounting information more reasonable.
It is hereby announced.
Guangzhou Zhiguang Electric Co.Ltd(002169) board of directors
Announcement on provision for impairment of assets in 2021
January 29, 2022
