Bbmg Corporation(601992) announcement on the provision for asset impairment
Securities code: Bbmg Corporation(601992) securities abbreviation: Bbmg Corporation(601992) No.: pro 2022012 Bbmg Corporation(601992)
Announcement on the provision for asset impairment
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.
Bbmg Corporation(601992) (hereinafter referred to as "the company", "the company" or " Bbmg Corporation(601992) ") held the 13th meeting of the 6th board of directors on March 24, 2022. The meeting deliberated and adopted the proposal on the company's provision for asset impairment. The provision for asset impairment is hereby announced as follows:
1、 Overview of provision for asset impairment
(I) reasons for withdrawing provision for asset impairment
In order to truly reflect the financial situation and asset value of the company in 2021, according to the relevant provisions of the accounting standards for business enterprises and the company's accounting policies, the company conducted a comprehensive inventory of all assets within the scope of the consolidated statements of the 2021 annual report, and made provision for impairment of inventories and fixed assets with signs of impairment and possible asset impairment losses.
(II) recognition basis of provision for asset impairment
The company shall conduct impairment test on the inventory according to the principle of the lower of cost and net realizable value, and confirm the inventory falling price reserves. The net realizable value is the estimated selling price of the inventory minus the estimated cost to be incurred at the time of completion, the estimated selling expenses and relevant taxes.
(III) specific conditions of the provision for asset impairment
The company shall check the inventory. If the cost is higher than the net realizable value, the inventory falling price reserves shall be accrued and included in the current profit and loss. According to the test results, the company made a total of 899771000 yuan of inventory falling price reserves, which are described as follows:
1. Provision for impairment of real estate projects
According to the local market price situation and the actual sales situation of the project, the company carries out evaluation on the completed and under construction items
Bbmg Corporation(601992) announcement on the provision for asset impairment
According to the test results, the company made a total of 840320200 yuan of inventory falling price reserves.
2. Other inventory falling price reserves
The company conducted impairment test on other inventories. According to the test results, a total of 594508 million yuan of inventory falling price reserves were withdrawn, as shown in the following table:
Unit: 10000 yuan
Project amount
Raw materials 413.20
Inventory 212259
Others 340929
Total 594508
2、 The impact of the provision for impairment of assets on the company's financial position
The company's provision for impairment this time is 899771 million yuan, reducing the total profit in the consolidated statements of 2021 by 899771 million yuan and the net profit attributable to the owner of the parent company by 733885 million yuan. 3、 Review procedures for the performance of the provision for asset impairment this time
The company held the 13th meeting of the 6th board of directors and the 5th meeting of the 6th board of supervisors on March 24, 2022, reviewed and approved the proposal on the company's provision for asset impairment, and agreed to the company's plan for the provision for impairment of relevant assets.
No provision for impairment of assets of the company is required to be submitted to the general meeting of shareholders for deliberation.
4、 Independent opinions of independent directors on the provision for asset impairment
We checked the proposal on the company's provision for asset impairment. After reviewing the relevant materials and based on independent judgment, we believe that the company's provision for asset impairment complies with the relevant provisions of the accounting standards for business enterprises and the company's accounting policies, complies with the principle of accounting prudence, has sufficient basis, can truly reflect the company's asset value and asset status, and agree to the provision for asset impairment this time.
5、 Notes of the audit committee of the board of directors on the company's provision for asset impairment
The audit committee of the board of directors reviewed the proposal on the company's provision for asset impairment
Bbmg Corporation(601992) announcement on the provision for asset impairment
After the discussion, it is considered that the provision for asset impairment of the company this time complies with the provisions of the accounting standards for business enterprises and relevant accounting policies of the company. It is made based on the principle of prudence after the asset impairment test, and the basis is sufficient. After the provision for asset impairment is made, the company's 2021 financial statements can more 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. The company agrees to withdraw the provision for asset impairment this time.
6、 Notes of the board of supervisors on the company's provision for asset impairment
After deliberation on the proposal on the company's provision for asset impairment, the board of supervisors held that the company's provision for asset impairment in accordance with the accounting standards for business enterprises and relevant accounting policies is in line with the actual situation of the company. After the provision for asset impairment, the financial statements of the company in 2021 can more fairly reflect the financial status, asset value and operating results of the company as of December 31, 2021. The decision-making procedure of the company's board of directors on this proposal complies with the relevant laws and regulations and the relevant provisions of the accounting standards for business enterprises, and the board of supervisors agrees to the provision for asset impairment of the company this time.
It is hereby announced.
Bbmg Corporation(601992) board of directors
March 25, 2002
