Securities code: Anhui Ankai Automobile Co.Ltd(000868) securities abbreviation: Anhui Ankai Automobile Co.Ltd(000868) Announcement No.: 2022021 Anhui Ankai Automobile Co.Ltd(000868)
With regard to the announcement on the provision for asset impairment 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 false records, misleading statements or major omissions.
On March 18, 2022, Anhui Ankai Automobile Co.Ltd(000868) (hereinafter referred to as “the company”) held the 13th meeting of the 8th board of directors. The meeting deliberated and adopted the proposal on withdrawing the provision for asset impairment in 2021 with 9 votes in favor, 0 votes against and 0 abstentions, and submitted the proposal to the 2021 annual general meeting of shareholders of the company for voting. The specific contents are announced as follows:
1、 Overview of the provision for asset impairment this time
In accordance with the accounting standards for business enterprises, the guidelines for the standardized operation of listed companies of Shenzhen Stock Exchange and other relevant provisions, in order to more truly and accurately reflect the company’s asset status and financial status as of December 31, 2021, based on the principle of prudence, the company has accrued impairment reserves for all assets with signs of impairment within the scope of the consolidated financial statements of the financial report of 2021.
2、 Description of provision for asset impairment
The provision for asset impairment is as follows: unit: 10000 yuan
The amount withdrawn in the current period and the amount reversed in the current period shall be recognized as the amount of impairment loss
1、 Credit impairment loss
Accounts receivable -268376 748.93343269
Other receivables -461.72
Long term receivables -31.92
Subtotal -317740 748.93392633
2、 Asset impairment loss
Inventory 373.33 -373.33
Fixed assets 430.97 -430.97
Contract assets 685915 -685915
Subtotal 766345 -766345
Total 448605 748.93 – 373712
Description of provision for credit impairment loss and asset impairment loss in 2021:
1、 Statement of provision for credit impairment loss
For the accounts receivable with objective evidence indicating impairment and other accounts receivable suitable for single evaluation, other receivables, contract assets and long-term receivables, the impairment test shall be conducted separately, the expected credit loss shall be recognized, and the single impairment provision shall be withdrawn. For accounts receivable, other receivables, contract assets and long-term receivables without objective evidence of impairment, or when individual financial assets cannot evaluate the information of expected credit loss at a reasonable cost, the company divides accounts receivable, other receivables, contract assets and long-term receivables into several combinations according to the characteristics of credit risk, calculates the expected credit loss on the basis of the combination, and determines the basis of the combination as follows:
The basis for determining the combination of accounts receivable is as follows:
Accounts receivable Portfolio 1 accounts receivable from customers
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 for the whole duration, and calculates the expected credit loss. The company takes the aging as the credit risk characteristic combination, and calculates the expected credit loss for the accounts receivable from customers according to the credit risk characteristic combination.
The basis for determining the combination of other receivables is as follows:
Interest receivable of other receivables Portfolio 1
Other receivables portfolio 2 dividends receivable
Other receivables portfolio 3 other receivables other third party payments
Other receivables portfolio 4 other receivables from government departments without recovery risk
For other receivables divided into portfolios, the company refers to the historical credit loss experience, combined with the current situation and the prediction of future economic conditions, and 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.
The basis for determining the combination of contract assets is as follows:
Contract asset portfolio 1 local new energy subsidies receivable from customers
Contract asset portfolio 2 receivable from national new energy subsidies
For the contract assets divided into portfolios, the company refers to the historical credit loss experience, combined with the current situation and the prediction of future economic conditions, and calculates the expected credit loss through the default risk exposure and the expected credit loss rate for the whole duration.
The basis for determining the combination of long-term receivables is as follows:
Other long-term receivables portfolio
For the long-term receivables divided into portfolios, the company refers to the historical credit loss experience, combined with the current situation and the prediction of future economic conditions, and 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.
A total of 448605 million yuan of bad debt reserves were withdrawn in the current period, including accounts receivable -268376 million yuan, other accounts receivable -4.6172 million yuan, long-term accounts receivable -319200 yuan and contract assets 685915 million yuan; The amount of accounts receivable transferred in the current period is 7.4893 million yuan.
2、 Statement of provision for asset impairment loss
1. Stock
On the balance sheet date, it is measured according to the lower of cost and net realizable value. If the inventory cost is higher than its net realizable value, the inventory falling price reserve shall be withdrawn and included in the current profit and loss.
In 2021, the provision for inventory falling price was 3.7333 million yuan, and the provision for written off inventory falling price was 5.2419 million yuan. As of December 31, 2021, the balance of inventory falling price provision was 8.8653 million yuan.
2. Fixed assets
When the recoverable amount of an asset or asset group is lower than its book value, the company will write down its book value to the recoverable amount, and the written down amount will be included in the current profit and loss, and the corresponding asset impairment provision will be withdrawn at the same time.
In 2021, the provision for impairment of fixed assets was 4.397 million yuan, and the balance of bad debt provision for fixed assets was 4.397 million yuan as of December 31, 2021.
3、 Impact of the current provision for impairment on the company’s financial position
The provision for asset impairment decreased the company’s total profit in 2021 by 373712 million yuan.
4、 Approval procedures for the current provision for impairment
The proposal for withdrawing the provision for asset impairment has been deliberated and adopted at the 13th meeting of the 8th board of directors and the 11th meeting of the board of supervisors. The independent directors of the company have expressed independent opinions, and the board of supervisors has expressed relevant opinions on the matter in the form of a resolution. The proposal shall be submitted to the general meeting of shareholders of the company for deliberation.
5、 Notes of the board of directors on the provision for asset impairment
The board of Directors believes that the company’s provision for impairment this time is based on sufficient basis, which truly and fairly reflects the company’s asset status, and agrees to the provision for asset impairment this time. The company’s provision for asset impairment in 2021 has been audited by Rongcheng Certified Public Accountants (special general partnership).
6、 Independent opinions of independent directors on the provision for asset impairment this time
The company’s provision for asset impairment this time complies with the relevant provisions of the accounting standards for business enterprises and the company’s accounting policies, can fairly reflect the company’s financial situation and operating results, help to provide investors with more authentic, reliable and accurate accounting information, and does not harm the interests of the company and all shareholders. The provision for asset impairment this time has performed the corresponding decision-making procedures, complied with the relevant provisions of laws, administrative regulations, departmental rules, other normative legal documents and the articles of association, and agreed with the company’s provision for asset impairment this time. 7、 Opinions of the board of supervisors on the provision for asset impairment this time
The board of supervisors believes that the provision for asset impairment this time complies with the relevant provisions of the accounting standards for business enterprises and the company’s accounting policies, conforms to the actual situation of the company, has sufficient basis, and can fairly and objectively reflect the asset status of the company after the provision; The board of directors reviewed the legality and compliance of the decision-making procedures for the provision for asset impairment; Agree to withdraw the provision for asset impairment this time.
8、 Documents for future reference
1. Anhui Ankai Automobile Co.Ltd(000868) resolutions of the 13th meeting of the 8th board of directors;
2. Anhui Ankai Automobile Co.Ltd(000868) resolutions of the 11th meeting of the 8th board of supervisors;
3. Prior approval opinions of independent directors on matters related to the 13th meeting of the eighth board of directors of the company; 4. Independent opinions of independent directors on matters related to the 13th meeting of the eighth board of directors of the company.
It is hereby announced
Anhui Ankai Automobile Co.Ltd(000868) board of directors March 22, 2022
