Securities code: Sunny Loan Top Co.Ltd(600830) securities abbreviation: Sunny Loan Top Co.Ltd(600830) Announcement No.: temporary 2022011 Sunny Loan Top Co.Ltd(600830)
Announcement of provision for impairment in 2021
The board of directors and all directors of the company guarantee that there are no false records, misleading statements or major omissions in the contents of this announcement, and bear individual and joint liabilities for the authenticity, accuracy and completeness of its contents. On March 9, 2022, Sunny Loan Top Co.Ltd(600830) (hereinafter referred to as "the company") held the 5th meeting of the 10th board of directors and the 5th meeting of the 10th board of supervisors, deliberated and adopted the proposal on the provision for impairment in 2021.
The independent directors also expressed their independent opinions on the provision for impairment this time.
The details are as follows:
1、 Overview of this provision for impairment and risk
In order to truly and accurately reflect the company's financial situation and operating results in 2021, the company strictly followed the accounting standards for business enterprises and the management measures for asset impairment of the company (revised in 2020) and other relevant policies and regulations, and conducted impairment tests on various receivables, loans, advances and other assets based on the principle of prudence, Reasonably predict the future expenses related to the performance of the guarantee obligations of the unexpired guarantee business contract. After full analysis and evaluation, the overall situation of the provision for impairment in 2021 is as follows:
Accrued amount of the project in 2021 (10000 yuan)
Credit impairment loss 547283
Including: accounts receivable 137476
Loans and advances 204825
Debt investment 204982
Asset impairment loss 2.47
Including: inventory 2.47
Withdrawal of guarantee business reserve 582.75
Total 605805
2、 Specific description of provision for impairment
(I) accounts receivable
Receivables include accounts receivable, other receivables and long-term receivables.
According to the accounting standards for business enterprises and the company's asset impairment management measures, the expected credit loss of accounts receivable and other receivables is recognized by aging with reference to the experience of historical credit loss, combined with the current situation and considering forward-looking information, or the credit loss is measured according to the difference between the current value of individual future cash flow and the book value. At the end of the period, long-term receivables measure the expected credit loss according to the present value of the difference between the contract cash flow receivable and the expected cash flow receivable.
(II) loans and advances
The company divides the pawn business assets into five levels according to the degree of risk, namely normal, concerned, secondary, suspicious and loss. The expected credit loss is estimated on the basis of combination.
With reference to the historical credit loss experience, combined with the current situation and considering forward-looking information, the normal and concerned asset portfolios measure the expected credit loss according to a certain proportion of the balance of loans and advances. The expected credit loss is measured according to the present value of the difference between the contract cash flow that should be received and the expected cash flow that is expected to be received.
(III) debt investment
On the balance sheet date, the expected credit loss shall be measured according to the present value of the difference between the contract cash flow that should be received and the expected cash flow that is expected to be received.
(IV) inventory
On the balance sheet date, inventories are measured at the lower of cost and net realizable value. When the cost of inventories is higher than its net realizable value, the inventory falling price reserves shall be accrued according to the difference.
(V) withdrawal of guarantee business reserve
The guarantee operation reserve includes the unearned liability reserve and guarantee compensation reserve.
Guarantee compensation reserve refers to the reserve set aside by the company to pay compensation for the compensation liability. On the balance sheet date, the measurement unit shall be determined according to the product type, and the provision shall be based on the reasonable estimated amount of the expenses required by the guarantor to perform the relevant obligations of the guarantee contract.
Unearned liability reserve refers to the reserve withdrawn by the company for the unexpired guarantee liability. On the balance sheet date, the unearned liability reserve shall be withdrawn according to the amount reasonably estimated and determined by the company.
3、 Impact of this impairment on the company's financial results
The provision for impairment this time decreased the total profit of 2021 by 605805 million yuan.
It is hereby announced.
Sunny Loan Top Co.Ltd(600830) board of directors March 10, 2022
