Securities code: 000670 securities abbreviation: * ST Yingfang Announcement No.: 2022-009 Yingfang Microelectronics Co., Ltd
Announcement on the provision for impairment of assets withdrawn, written off and written off in 2021
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.
Infotmic Co.Ltd(000670) (hereinafter referred to as "the company") held the 23rd Meeting of the 11th board of directors on February 14, 2022, deliberated and adopted the proposal on the provision for impairment of assets in 2021, and now the specific situation is announced as follows:
1、 Summary of provision for impairment of assets withdrawn, written off and written off this time
In accordance with the relevant provisions of the accounting standards for business enterprises and the company's accounting policies, the company has conducted a comprehensive inventory, analysis and evaluation of various assets of the parent company and all its branches and subsidiaries as of December 31, 2021 based on the principle of prudence. After the asset impairment test, the company believes that some assets have certain signs of impairment, and the impairment provision shall be withdrawn; Some receivables have no possibility of recovery, so they shall be written off. The total provision for assets and credit impairment in the current period is 156700 yuan, the provision for the reversal and write off of inventory falling price is 11878400 yuan, and the provision for the write off of bad debts of accounts receivable is 16365900 yuan. The details are as follows:
Unit: 10000 yuan
The beginning balance of the project increases in the current period, decreases in the current period, and the ending balance is withdrawn in the current period. The change of exchange rate is reversed and written off
1、 Bad debt provision 3713.29 -30.89 -56.16 0.00 1636.59 1989.65
Notes receivable 47.47 -47.47 0.00 0.00 0.00 0.00
Accounts receivable 3377.28 4.74 -55.65 0.00 1633.76 1692.61
Other receivables 288.54 11.84 -0.51 0.00 2.83 297.04
2、 Inventory falling price reserves 2874.06 46.56 -62.52 1187.84 0.00 1670.26
Total 6587.35 15.67 -118.68 1187.84 1636.59 3659.91
1. Description of impairment of receivables
On the basis of expected credit loss, the company conducts impairment accounting treatment for receivables and recognizes loss reserves. The company remeasures the expected credit loss on each balance sheet date, and the increase or reversal amount of the loss provision formed thereby shall be included in the current profit and loss as impairment loss or gain. During the reporting period, the bad debt provision for accounts receivable was 47400 yuan, the bad debt provision for notes receivable was -474700 yuan, and the bad debt provision for other receivables was 118400 yuan.
2. Description of inventory impairment and write off
In strict accordance with the requirements of the accounting standards for business enterprises, on the balance sheet date, the inventory is measured at the lower of cost and net realizable value, and the inventory falling price reserves are accrued according to the difference between the cost of a single inventory and the net realizable value. For the inventory directly used for sale, its net realizable value shall be determined by the amount of the estimated selling price of the inventory minus the estimated selling expenses and relevant taxes in the normal production and operation process; For inventories that need to be processed, in the normal production and operation process, the net realizable value is determined by the estimated selling price of the finished products minus the estimated cost to be incurred at the time of completion, estimated selling expenses and relevant taxes. During the reporting period, 465600 yuan of inventory falling price reserves were withdrawn, 118700 yuan of inventory falling price reserves were reversed, 161600 yuan of inventory falling price reserves were written off for scrapped inventory, and 11.5981 million yuan of inventory falling price reserves were written off.
2、 Situation and impact of current write off of receivables
The total original value of accounts receivable to be written off this time is 16.3376 million yuan. As of December 31, 2021, the accrued bad debt amount is 16.3376 million yuan, and the net book value is 0 yuan; The original value of other receivables to be written off is 28300 yuan. As of December 31, 2021, the bad debt amount withdrawn is 28300 yuan, and the net book value is 0000 yuan. The details of accounts receivable written off this time are as follows:
Unit: 10000 yuan
Project write off Customer Name: the amount of money write off has been accrued. Is the bad accrual write off due to the transaction caused by the proportion of related account amount
Accounts receivable talentech sales customers
Payment for goods 1633.76 1633.76 100% cancellation no
LIMITED
Other post-80s capital deposit in Shenzhen 2.83 2.83 100% in advance no
Leaseback of payee Property Management Co., Ltd
The accounts receivable written off by the company totaled 16.3659 million yuan. The write off of bad debts met the requirements of accounting policies and the actual situation of the company, did not involve the company's related parties, and did not harm the interests of the company and shareholders. The company has established accounts for future reference for all write off details, retained the materials for recourse, continued to implement the person in charge to track at any time, and will immediately recourse if it is found that the other party has solvency.
3、 The impact of this withdrawal, write off and write off of impairment reserves
In 2021, the company accrued bad debt reserves and inventory falling price reserves totaling 156700 yuan, reducing the total profit of the company's consolidated statements in 2021 by 156700 yuan; The inventory falling price reserve was reversed by 118700 yuan, increasing the total profit of the company's consolidated statements in 2021 by 118700 yuan; The write off of inventory falling price reserves is 11.5981 million yuan, and the write off of scrapped inventory falling price reserves is 161600 yuan, which has no impact on the total profit of the annual consolidated statements in 2021; The total amount of receivables written off by the company is 16.3659 million yuan, which has no impact on the total profit of the annual consolidated statements in 2021.
4、 Approval procedures for the current withdrawal, write off and write off of asset impairment reserves
The provision for impairment of assets withdrawn, written off and written off has been deliberated and approved at the 23rd Meeting of the 11th board of directors and the 21st Meeting of the 11th board of supervisors. The provision for impairment of assets withdrawn, written off and written off need not be submitted to the general meeting of shareholders for deliberation.
5、 Opinions of the board of directors
The company's provision for impairment of assets is withdrawn, written off and written off according to the actual situation, which complies with the relevant provisions of the accounting standards for business enterprises and the company's internal control system, fairly reflects the company's asset status at the end of the reporting period, and agrees to withdraw, write off and write off the provision for impairment of assets this time.
6、 Opinions of the board of supervisors
The company's procedures for withdrawing, writing off and writing off the provision for asset impairment this time are legal, have sufficient basis, comply with the accounting standards for business enterprises and the provisions of the company's relevant accounting policies, can fairly reflect the company's financial status and asset value, and agree to withdraw, write off and write off the provision for asset impairment this time.
7、 Opinions of independent directors
The provision for impairment of assets withdrawn, written off and written off by the company this time complies with and complies with the provisions of the accounting standards for business enterprises and relevant accounting policies of the company, is fully based, reflects the principle of accounting prudence, conforms to the actual situation of the company, more objectively and fairly reflects the financial status and operating results of the company, and does not harm the interests of the company and shareholders. We agree to the withdrawal Write off and write off the provision for asset impairment.
8、 Documents for future reference
1. Resolutions of the 23rd Meeting of the 11th board of directors of the company;
2. Resolutions of the 21st Meeting of the 11th board of supervisors of the company;
3. Independent opinions of independent directors on matters related to the 23rd Meeting of the 11th board of directors.
It is hereby announced.
Infotmic Co.Ltd(000670) board of directors
February 15, 2022
