Securities code: Tianma Microelectronics Co.Ltd(000050) securities abbreviation: shentianma a Announcement No.: 2022019
Tianma Microelectronics Co.Ltd(000050)
Announcement on provision for impairment loss in 2021
The company and all members of the board of directors guarantee that the content of information disclosure is true, accurate and complete without falsehood
False records, misleading statements or material omissions.
1、 Overview of impairment loss accrued this time
In accordance with the accounting standards for business enterprises and the company's accounting policies, the company
Accounts receivable, other receivables, inventories, fixed assets, construction in progress, investment real estate
Intangible assets, goodwill, long-term equity investment and other assets shall be measured to determine whether there are signs of possible impairment
Impairment test. After testing, in 2021, the company reversed the credit impairment loss of 10.62 million yuan, including accounts receivable
13.18 million yuan was written off, 690000 yuan was withdrawn for other receivables and 1.87 million yuan was withdrawn for long-term receivables; Accrual
The asset impairment loss is 773.06 million yuan, including 291.96 million yuan for inventory and 481.1 million yuan for fixed assets
Ten thousand yuan.
The asset impairment loss in 2021 is as follows:
Unit: 10000 yuan
Other changes accrued this year
Year beginning balance of the project / write off of credit assets write off foreign currency statement year-end balance impairment loss translation difference
1、 Bad debt provision 79558 - 1062 - 2578471, including accounts receivable 76277 - 1318 - 2274937 other accounts receivable 328169 - 1 3349 long-term accounts receivable - 187 - 2 185 II Provision for inventory depreciation 1762429196 - 27869 - 30718644 III. provision for impairment of fixed assets 1013548110 - 857 - 5957329 IV. provision for impairment of intangible assets 126 - 2 124 v Goodwill impairment provision 8200 - 3987802 total 11564376244 - 28726 - 791162370
The details of individual impairment losses are as follows:
The beginning balance of the provision for impairment of fixed assets in 2021 was 101.35 million yuan. In 2021, 48.1 million yuan was withdrawn, 8.57 million yuan was written off, and the impact of exchange rate changes was - 590000 yuan. The company's provision for impairment loss of fixed assets in 2021 affected the total profit in 2021 by - 481.1 million yuan.
Asset Name: fixed assets
Closing book balance (10000 yuan) 2486853 recoverable amount of assets (10000 yuan) 2429524 the company judges whether there is any sign of possible impairment of fixed assets on the balance sheet date. If there is any sign of impairment, impairment test shall be carried out. If the impairment test results show that the recoverable amount of the asset is lower than its book value, the impairment provision shall be withdrawn according to the difference and included in the impairment loss. The recoverable amount is the higher of the net amount of the fair value of the asset minus the disposal expenses calculated from the recoverable amount of the asset and the present value of the expected future process cash flow of the asset. The provision for asset impairment is calculated and recognized on the basis of individual assets. If it is difficult to estimate the recoverable amount of individual assets, the recoverable amount of the asset group is determined by the asset group to which the asset belongs. Asset group is the smallest asset portfolio that can generate cash inflow independently.
The provision for asset impairment this time is made in accordance with the accounting standards for Business Enterprises No. 8 - asset impairment and the relevant accounting policies of the company.
The amount withdrawn in the current period (10000 yuan) 48110. The company judges that there are signs of impairment of the asset and carries out impairment test. If the recoverable amount of the asset is lower than its book value, the asset impairment provision shall be withdrawn according to the difference.
2、 The impact of this provision for impairment loss on the company
In 2021, the company accrued credit impairment loss and asset impairment loss totaling 762.44 million yuan, which affected the total profit of 2021 by 762.44 million yuan, the net profit attributable to the owner of the parent company by 648.07 million yuan and the owner's equity attributable to the parent company by 648.07 million yuan.
The accrued credit impairment loss and asset impairment loss accounted for 49.43% of the company's net profit attributable to the owners of the parent company in 2021. The impairment loss accrued this time has been audited by Dahua Certified Public Accountants (special general partnership).
3、 Explanation of the board of directors on the reasonableness of the provision for impairment loss
The board of Directors believes that the company's provision for impairment losses in accordance with the relevant provisions of the accounting standards for business enterprises fairly reflects the company's financial situation, asset value and operating results, will not have an adverse impact on the company's governance and legal compliance operation, and will not damage the interests of the company and all shareholders, especially small and medium-sized shareholders.
4、 Method of withdrawing impairment loss
(I) bad debt reserves
(1) Notes receivable, accounts receivable, contract assets
For notes receivable, accounts receivable and contract assets, regardless of whether there is a significant financing component, the company always measures its loss reserves according to the amount equivalent to the expected credit loss in the whole duration.
When the information of expected credit loss cannot be evaluated by a single financial asset at a reasonable cost, the company divides the notes receivable and accounts receivable into a combination 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:
A. Notes receivable
-Bill receivable Portfolio 1: bank acceptance bill
-Bill receivable portfolio 2: commercial acceptance bill
B. Accounts receivable
-Accounts receivable Portfolio 1: portfolio within the accounting period
-Accounts receivable portfolio 2: off account portfolio
For bills receivable and contract assets divided into portfolios, the company refers to the experience of historical credit loss, combined with the current situation and the prediction of future economic conditions, and calculates the expected credit loss through default risk exposure and the expected credit loss rate for the whole duration.
For the accounts receivable divided into portfolio, the company refers to the historical credit loss experience, combined with the current situation and the prediction of future economic conditions, prepares the comparison table between the aging of accounts receivable and the expected credit loss rate throughout the duration, and calculates the expected credit loss.
(2) Other receivables
For other receivables, according to whether their credit risk has increased significantly since initial recognition, the loss provision shall be measured according to the amount equivalent to the expected credit loss in the next 12 months or the whole duration.
The company divides other receivables 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:
-Other receivables Portfolio 1: export tax rebate portfolio
-Other receivables portfolio 2: other accounts portfolio
For other receivables divided into portfolios, the company calculates the expected credit loss through the default risk exposure and the expected credit loss rate in the next 12 months or the whole duration.
(II) inventory falling price reserves
The company's inventory includes raw materials, products in process, goods in stock, goods issued, etc. The inventory falling price reserves shall be withdrawn according to the difference between the inventory cost and its net realizable value. The net realizable value is determined by 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 daily activities.
The basis for determining the net realizable value of inventories and the reasons for the write off of inventory falling price reserves are as follows:
The specific basis for determining the net realizable value of the inventory category
Reasons for
The estimated selling price of goods in stock minus the estimated cost to be incurred at the time of completion
Raw materials raw materials have been determined by the amount after the production and requisition cost, estimated sales expenses and relevant taxes
The estimated selling price of goods in stock minus the estimated cost to be incurred at the time of completion
The amount after the product has been produced and used, the estimated sales expenses and relevant taxes is determined
Inventory goods refer to the market selling price on the balance sheet date. Inventory goods have been sold
(III) impairment of long-term assets
1. Fixed assets, construction in progress, intangible assets with limited service life, investment real estate and long-term equity investment in subsidiaries and associated enterprises shall be subject to impairment test if there are signs of impairment on the balance sheet date. For intangible assets that have not yet reached the usable state, no matter whether there are signs of impairment, impairment test shall be conducted at least annually. If the impairment test results show that the recoverable amount of the asset is lower than its book value, the impairment provision shall be withdrawn according to the difference and included in 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. The provision for asset impairment is calculated and recognized on the basis of individual assets. If it is difficult to estimate the recoverable amount of individual assets, the recoverable amount of the asset group is determined by the asset group to which the asset belongs. Asset group is the smallest asset portfolio that can generate cash inflow independently.
2. Goodwill separately listed in the financial statements shall be tested for impairment at least annually, regardless of whether there are signs of impairment. During the impairment test, the book value of goodwill is allocated to the asset group or combination of asset groups expected to benefit from the synergy of business combination. If the test results show that the recoverable amount of the asset group or combination of asset groups containing the amortized goodwill is lower than its book value, the corresponding impairment loss shall be recognized. The amount of impairment loss shall first offset the book value of the goodwill allocated to the asset group or asset group combination, and then offset the book value of other assets in proportion according to the proportion of the book value of other assets other than goodwill in the asset group or asset group combination.
3. Once the impairment loss of the above assets is recognized, it will not be reversed in the subsequent period. It is hereby announced.
Tianma Microelectronics Co.Ltd(000050) board of directors March 15, 2002
