Securities abbreviation: Guangzhou Lingnan Group Holdings Company Limited(000524) securities code: Guangzhou Lingnan Group Holdings Company Limited(000524) Announcement No.: 2022020
Guangzhou Lingnan Group Holding Co., Ltd
About the provision for asset impairment in 2021 and
Announcement of write off assets
Important note: all members of the board of directors of the company ensure that the information disclosed is true, accurate and complete without falsehood
False records, misleading statements or material omissions.
Guangzhou Lingnan Group Holdings Company Limited(000524) (hereinafter referred to as "the company") on March 21, 2022
The 20th meeting of the 10th Session of the board of directors and the 12th meeting of the 10th Session of the board of supervisors were held. The meeting deliberated and adopted the
Proposal of the company on the provision for asset impairment and write off of assets in 2021. The details are hereby announced as follows:
1、 Summary of provision for asset impairment and write off of assets
According to the accounting standards for business enterprises, the Listing Rules of Shenzhen Stock Exchange and other relevant provisions
To truly and accurately reflect the company's assets and financial status as of December 31, 2021 and the company's
According to the operating results in 2021, the company and its subsidiaries have made a comprehensive assessment of the inventory and accounts payable as of December 31, 2021
Assets such as receivables, goodwill and fixed assets have been tested for impairment, and it is judged that there are signs of possible impairment.
After testing, the company has made provision for impairment of receivables and goodwill that may be impaired, and plans to withdraw assets
The provision for impairment totaled 3419134262 yuan. In addition, the company has fully withdrawn bad debt reserves for some and has long-term
Accounts receivable that are difficult to recover and assets with no use value are written off, and the total amount of assets written off is
10485427 yuan. The amount of provision for asset impairment and write off of assets in 2021 has been certified by Lixin certified public accountants
Audit of the firm (special general partnership). The details are as follows:
Detailed statement of asset impairment reserves and write off assets
Unit: Yuan
Decrease of accrued assets in the current period
Amount of provision for impairment of book balance at the beginning of the year and other book balance at the end of the year
1、 Bad debt reserves 505567856333241126459472616361893331850909654972265296
Including: accounts receivable 190704738320382431543527604351593331670436322
Other receivables 314863118012858694915945012010 Qingdao Tgood Electric Co.Ltd(300001) 850909653301828974
2、 Inventory falling price reserves 25852 Ningbo Fubang Jingye Group Co.Ltd(600768) 52458251673549
3、 Goodwill impairment provision 539556618430867229988482289182
4、 Provision for impairment of fixed assets 46022896429609441726802
Total 1075579365034191342626015786211048542718509096513747954829
2、 Provision for asset impairment in the current year
In accordance with the accounting standards for business enterprises and the provisions and requirements of the company's relevant accounting management systems, after a comprehensive inventory and asset impairment test of the assets of the company and its subsidiaries with signs of impairment at the end of 2021, the company made a provision for asset impairment of 3419134262 yuan in 2021. The details are as follows:
Amount of provision for asset impairment in the current period of the project (yuan)
1、 Bad debt provision 332411264
Including: accounts receivable 203824315
Other receivables 128586949
2、 Goodwill impairment provision 3086722998
Total 3419134262
(I) basis and reasons for withdrawing bad debt reserves
The company divides the receivables into several combinations according to the characteristics of credit risk, and on the basis of the combination, with reference to the experience of historical credit loss, combined with the current situation and the prediction of future economic conditions, confirms the expected credit loss through the default risk exposure and the credit loss rate of expected receivables in the next 12 months or the whole duration.
According to the above requirements, the company plans to withdraw the bad debt provision for accounts receivable. According to the test results, the bad debt provision for accounts receivable of the company is 203824315 yuan this year, and the bad debt provision for other accounts receivable is 128586949 yuan this year, totaling 332411264 yuan.
(II) basis and reasons for the provision for impairment of goodwill
For goodwill formed by business combination, the company will conduct impairment test at the end of each year regardless of whether there are signs of impairment. When the company conducts an impairment test on the relevant asset group or combination of asset groups containing goodwill, if there are signs of impairment in the asset group or combination of asset groups related to goodwill, it shall first conduct an impairment test on the asset group or combination of asset groups not containing goodwill, calculate the recoverable amount, compare it with the relevant book value, and confirm the corresponding impairment loss. Then carry out impairment test on the asset group or combination of asset groups containing goodwill and compare its book value with the recoverable amount. If the recoverable amount is lower than the book value, the amount of impairment loss shall first offset the book value of goodwill allocated to the asset group or combination of asset groups, and then according to the proportion of the book value of other assets in the asset group or combination of asset groups except goodwill, Deduct the book value of other assets in proportion. Once the above asset impairment losses are recognized, they shall not be reversed in the subsequent accounting periods. Wuhan feitu Holiday International Travel Agency Co., Ltd. (hereinafter referred to as "Wuhan feitu holiday"), Sichuan New Territories International Travel Agency Co., Ltd. (hereinafter referred to as "Sichuan New Territories CITS"), Shanghai Shenshen International Travel Agency Co., Ltd. (hereinafter referred to as "Shanghai Shenshen CITS"), the holding subsidiaries obtained by the company through mergers and acquisitions in previous years Xi'an longzhilv Qinfeng International Travel Service Co., Ltd. (hereinafter referred to as "Xi'an Qinfeng international travel service"), Shanxi Modern International Travel Service Co., Ltd. (hereinafter referred to as "Shanxi Modern International Travel Service"), and the holding subsidiary Hubei guangzhilv International Travel Service Co., Ltd. (hereinafter referred to as "Hubei guangzhilv") obtained through M & A this year are mainly engaged in inbound and outbound tourism and China tourism, The above businesses were affected by covid-19 pneumonia in 2021. According to the accounting standards for Business Enterprises No. 8 - asset impairment, accounting regulatory risk tips No. 8 - goodwill impairment and relevant accounting policies, the company has conducted an impairment test on the goodwill formed by the merger and acquisition of the above holding companies. At the same time, Beijing Guorong Xinghua Assets Appraisal Co., Ltd. was hired to evaluate the goodwill and recoverable amount of relevant asset groups of Wuhan feitu holiday, Sichuan New Territories CITS and Shanghai Shenshen CITS; Guangdong Lianxin assets appraisal Land Real Estate Appraisal Co., Ltd. was hired to evaluate the goodwill and recoverable amount of relevant asset groups of Xi'an Qinfeng international travel service, Shanxi Modern International Travel Service and Hubei Guangzhi travel service. According to the evaluation results, through the audit of Lixin Certified Public Accountants (special general partnership), the total amount of goodwill impairment provision for the above holding subsidiaries is 3086722998 yuan. The details are as follows:
According to the asset appraisal report on the recoverable amount of the relevant asset group of Wuhan feitu Holiday International Travel Service Co., Ltd. involved in the goodwill impairment test of Guangzhou guangzhilv International Travel Service Co., Ltd. for the purpose of financial report issued by Beijing Guorong Xinghua Asset Appraisal Co., Ltd. (Guorong Xinghua appraisal report (Yue) Zi [2022] No. 0010), audited by Lixin Certified Public Accountants (special general partnership), Wuhan feitu holiday requires an impairment provision of 287713932 yuan this year.
According to the asset appraisal report on the recoverable amount of the relevant asset group of Sichuan New Territories International Travel Service Co., Ltd. involved in the goodwill impairment test of Guangzhou guangzhilv International Travel Service Co., Ltd. for the purpose of financial report issued by Beijing Guorong Xinghua Asset Appraisal Co., Ltd. (Guorong Xinghua appraisal report (Yue) Zi [2022] No. 0009), audited by Lixin Certified Public Accountants (special general partnership), Sichuan New Territories CITS needs to make an impairment provision of 668808468 yuan this year.
According to the asset evaluation report on the recoverable amount of relevant asset group of Shanghai Shenshen International Travel Service Co., Ltd. involved in the goodwill impairment test of Guangzhou guangzhilv International Travel Service Co., Ltd. for the purpose of financial report issued by Beijing Guorong Xinghua asset evaluation Co., Ltd. (Guorong Xinghua appraisal report (Yue) Zi [2022] No. 0008), audited by Lixin Certified Public Accountants (special general partnership), Shanghai Shenshen CITS needs to make an impairment provision of 358580273 yuan this year.
According to the financial report prepared by Guangzhou guangzhilv International Travel Agency Co., Ltd. issued by Guangdong Lianxin assets appraisal land and Real Estate Appraisal Co., Ltd., which involves the goodwill of Xi'an longzhilv Qinfeng International Travel Agency Co., Ltd. and audited by Lixin Certified Public Accountants (special general partnership), Xi'an Qinfeng international travel agency needs to make an impairment provision of 1301369303 yuan this year.
According to the asset appraisal report on recoverable amount of asset group related to goodwill of Shanxi Modern International Travel Service Co., Ltd. prepared by Guangzhou guangzhilv International Travel Service Co., Ltd. (Lianxin (Zheng) pingbao Zi [2022] No. z0116) issued by Guangdong Lianxin asset appraisal Land Real Estate Appraisal Co., Ltd. and audited by Lixin Certified Public Accountants (special general partnership), Shanxi Hyundai CITS needs to withdraw an impairment provision of 395637078 yuan this year.
According to the asset appraisal report on recoverable amount of asset group related to goodwill of Hubei guangzhilv International Travel Service Co., Ltd. in the financial report prepared by Guangzhou guangzhilv International Travel Service Co., Ltd. (Lianxin (Zheng) pingbao Zi [2022] No. z0117) issued by Guangdong Lianxin asset appraisal land and Real Estate Appraisal Co., Ltd. and audited by Lixin Certified Public Accountants (special general partnership), Hubei guangzhilv needs to withdraw 74613944 yuan of impairment provision this year.
3、 Assets written off in the current year
During the reporting period, the company and its subsidiaries checked all kinds of assets in 2021 and found that some receivables were expected to be unrecoverable and some fixed assets with impairment provision were scrapped in the current period. Therefore, the company wrote off relevant assets in accordance with regulations at the end of the reporting period, involving 5159333 yuan of bad debt provision for written off receivables, 1030000 yuan of bad debt provision for other receivables and 4296094 yuan of impairment provision for fixed assets, The total write off amount is 10485427 yuan. The details are as follows:
Project write off / write off amount (yuan) write off / write off reason
1、 Bad debt provision 61893
