Securities code: Shenzhen Tianyuan Dic Information Technology Co.Ltd(300047) securities abbreviation: Shenzhen Tianyuan Dic Information Technology Co.Ltd(300047) Announcement No.: 202218
Shenzhen Tianyuan Dic Information Technology Co.Ltd(300047)
Announcement on the provision for asset impairment in 2021
The company and all members of the board of directors guarantee that the contents of the announcement are true, accurate and complete without false records
Misleading statements or material omissions.
Shenzhen Tianyuan Dic Information Technology Co.Ltd(300047) (hereinafter referred to as ” Shenzhen Tianyuan Dic Information Technology Co.Ltd(300047) ” or “the company”)
According to the Listing Rules of Shenzhen Stock Exchange on GEM and the business handling guide of GEM listed companies
No. 2 – matters related to the disclosure of periodic reports and the company’s accounting policies are based on prudence
In order to reflect the company’s annual and financial conditions more accurately, 2021
Various notes receivable, accounts receivable, inventories, fixed assets, construction in progress, long-term equity investment and intangible assets
Assets, goodwill and other assets shall be tested for asset impairment, and the asset impairment loss shall be accrued for the assets that may have asset impairment loss
Value preparation.
1、 Asset scope and total amount of the current provision for asset impairment
The company and its subsidiaries have assets with possible signs of impairment at the end of 2021 (including
Various receivables, inventories, fixed assets, construction in progress, long-term equity investment, intangible assets and goodwill)
After a comprehensive inventory and asset impairment test, the total provision for impairment of various assets in 2021 is accrued
3207151251 yuan, details are as follows:
Unit: Yuan
The opening balance of the project increases in the current period and decreases in the current period. The closing balance is withdrawn and other changes are written off
1、 Bad debt provision 13416938360271864075712649497174792452917352604305
Bad debt provision for accounts receivable 12675773855234705 Shenzhen Yanmade Technology Inc(688312) 636425834792452916238548792
Bad debt provision for other receivables 6280225692109510971307134 0840280800
Bad debt provision for notes receivable 113141936160632777 0273774713
2、 Inventory falling price reserves 0
3、 Impairment of fixed assets 0
prepare
4、 Long term equity investment 0
Provision for impairment
5、 Provision for impairment of contract assets 152800154150510494 0303310648
6、 Provision for impairment of goodwill 102001791338000000 0440001791
Total 13671740305320715125112649497174792452918095916744
2、 Impact of the current provision for asset impairment on the company
The total amount of the company’s provision for asset impairment this time is 3207151251 yuan, which makes the company in 2021
The total profit in the consolidated statements decreased by 3207151251 yuan.
The provision for asset impairment has been audited and confirmed by Dahua Certified Public Accountants (special general partnership).
3、 The recognition standard and withdrawal method of the provision for asset impairment this time
(I) in 2021, the company accrued 2347056883 yuan of bad debt provision for accounts receivable and accrued bills receivable
Provision for bad debts of commercial bills and other receivables
210951097 yuan; The provision for impairment of contract assets is 150510494 yuan; Provision for impairment of goodwill
338000000 yuan. The accounts receivable actually written off in the current period is 47924529 yuan, and the bad debt provision of accounts receivable is
Other changes increased by 1263642583 yuan, and other changes in bad debt reserves of other receivables increased by 1307134 yuan. answer
The recognition standard and withdrawal method of bad debt provision for receivables are as follows:
(1) Receivables with significant single amount and separate provision for bad debts
The judgment of significant single amount is based on the company’s recognition of receivables with an amount of RMB 1 million or more as single items
Or receivables with significant amount.
Impairment test shall be conducted separately. If there is objective evidence that it has been impaired, it shall be carried out according to its non impairment
If the single amount is significant and the present value of the cash flow withdrawn is lower than its book value, the bad debt provision shall be withdrawn and included in the current period
The withdrawing method of bad debt reserves is profit or loss. Receivables that have not been impaired through separate tests shall be classified into corresponding combinations
Provision for bad debts.
(2) Receivables with bad debt reserves withdrawn according to the combination of credit risk characteristics
Portfolio name bad debt provision method
Aging combination method
No bad debt provision will be made for the combination of related parties within the consolidation scope
In the portfolio, the bad debt provision is withdrawn by aging analysis method:
Accrual proportion of aging accounts receivable accrual proportion of other accounts receivable
3.00% within 1 year (including 1 year)
1-2 years 10.00%
2-3 years 20.00%
3-5 years 50.00% 50.00%
More than 5 years 100.00% 100.00%
In the portfolio, bad debt reserves are withdrawn by other methods:
Portfolio Name: accrual proportion of accounts receivable (%)
No bad debt provision is made for the combination of related parties within the consolidation scope
(3) For receivables with insignificant single amount but with separate provision for bad debts, there is objective evidence indicating that impairment may occur in the judgment of single provision for bad debts. For example, if the debtor is revoked, bankrupt or dead, it can not be recovered after being paid off with its bankruptcy property or legacy, and the cash flow is seriously insufficient.
For the accounts receivable with objective evidence indicating possible impairment, they shall be separated from the withdrawal method of relevant portfolio bad debt reserves, and the impairment test shall be conducted separately. According to the difference between the present value of future cash flow and its book value, the impairment loss shall be recognized and the bad debt reserves shall be withdrawn.
(II) recognition standard and withdrawal method of goodwill impairment provision
The company takes the acquired company as a whole as the asset group portfolio for asset impairment test. The recoverable amount of the asset group portfolio is estimated according to the present value of its estimated future cash flow, and the discount rate adopts the pre tax interest rate that can reflect the time value of the current market currency and specific risks of the asset group portfolio. At the end of the year, the impairment test of the company’s goodwill was conducted. If the fair value of Guangzhou Yijie’s goodwill is lower than its book value, the provision for impairment of goodwill shall be 267000000 yuan; if the fair value of Shenzhen baobaotuan’s goodwill is lower than its book value, the provision for impairment of goodwill shall be 71000000 yuan; and the fair value of goodwill of other companies is higher than its book value, so there is no need to make provision. Therefore, the provision for goodwill impairment of RMB 338000000 needs to be withdrawn this time.
The provision for impairment of goodwill has been audited and confirmed by Dahua Certified Public Accountants (special general partnership). 4、 Explanation of the board of directors on the rationality of the provision for asset impairment this time
The company’s provision for asset impairment complies with the provisions of the accounting standards for business enterprises and relevant accounting policies of the company. The basis is sufficient, reflects the principle of accounting prudence, and conforms to the actual situation of the company. After the provision for asset impairment this time, it can fairly reflect the company’s financial status, asset value and operating results as of December 31, 2021, making the company’s accounting information more reasonable.
Therefore, it is agreed that the company will withdraw a total of 3207151251 yuan of asset impairment reserves in 2021.
5、 Opinions of independent directors on the provision for asset impairment this time
The company’s provision for asset impairment this time has sufficient basis and is in line with the actual situation of listed companies. After the provision for asset impairment this time, it can truly and fairly reflect the company’s asset operation and financial status, make the company’s accounting information more authentic, reliable and reasonable, and meet the overall interests of the company and all shareholders. It is agreed that the company will withdraw the provision for asset impairment this time.
6、 Opinions of the board of supervisors on the provision for asset impairment this time
The board of supervisors unanimously agreed that the company’s resolution procedure for withdrawing the provision for asset impairment this time is legal, based on sufficient basis, in line with the accounting standards for business enterprises and other relevant provisions, in line with the actual situation of the company, can more fairly reflect the company’s asset status after withdrawing, and agreed to withdraw the provision for asset impairment this time.
7、 Important tips
The provision for asset impairment has been audited and confirmed by Dahua Certified Public Accountants (special general partnership). 8、 Documents for future reference
1. Resolutions of the 14th meeting of the 5th board of directors of the company;
2. Resolutions of the 13th meeting of the 5th board of supervisors of the company;
3. Independent opinions of independent directors on annual report and other matters.
Shenzhen Tianyuan Dic Information Technology Co.Ltd(300047) board of directors
March 23, 2022
