Shantui Construction Machinery Co.Ltd(000680)
Report on provision for asset impairment and asset write off in 2021
1、 Provision for impairment of assets
According to the company's internal control system for accrual of asset impairment provision and loss treatment and accounting standards, bad debt provision is made for accounts receivable and long-term receivables, impairment provision is made for inventory, contract assets, long-term equity investment, fixed assets and goodwill, and there is no impairment of intangible assets and construction in progress.
（1） Provision for bad debts
1. Method of withdrawing bad debt reserves
According to the requirements of the company's internal control system and accounting standards, the provision for impairment of receivables is withdrawn, and the provision for bad debts is not withdrawn for the transactions of internal affiliated enterprises included in the consolidated statements.
2. The balance of bad debt provision is 640268200 yuan, as follows:
(1) The balance of accounts receivable was 2199950200 yuan, and the provision for bad debts was 382509600 yuan, with a net amount of
1817440600 yuan.
Unit: 10000 yuan
Ending balance
Category book balance bad debt provision
Amount proportion (%)
Accounts receivable with individual provision for bad debts 2717372 12.35742445 27.32
Accounts receivable with bad debt reserves withdrawn by portfolio 19282130 87.653082651 15.99
Total 21999502 1003825096 17.39
Unit: 10000 yuan
Opening balance
Category book balance bad debt provision
Amount proportion (%)
Accounts receivable with individual provision for bad debts 2057850 9.33643469 31.27
Accounts receivable with bad debt provision withdrawn by portfolio 19986772 90.673011117 15.07
Total 22044622 1003654586 16.58
① Accounts receivable with individual provision for bad debts:
Company name book balance bad debt amount accrual proportion (%) accrual reason
Shandong Shantui construction machinery import and Export Co., Ltd. is insured with public insurance, and wuhui company has invested 1974928 collection risk with China export credit insurance company
Insured short-term export credit comprehensive insurance amount
Customer a 146908146908 100 is less likely to be recycled
Customer B 140460140460 100 is less likely to be recycled
Total of other customers who have risks in separate test and have the possibility of single full recovery of 455077455077 100 compared with small amount of bad debt provision
Total 2717372742445
② Accounts receivable with bad debt reserves withdrawn by portfolio:
Unit: 10000 yuan
Closing balance opening balance
Aging book balance expected credit damage account reserve book balance expected credit damage account reserve loss rate (%) loss rate (%)
Within 1 year 15646597 5 78233015845135 5 792257
1 to 2 years 934510 151401761538907 15230836
2 to 3 years 497070 30149121431349 30129405
3-4 years 180462 50 902.31558823 50279411
4 to 5 years 513491 80410793166752 80133402
More than 5 years 1510000 100151 Shahe Industrial Co.Ltd(000014) 45807 1001445807
Total 192821303082651199867733011118
(2) The balance of other receivables was 3637168 million yuan, and the provision for bad debts was 2577586 million yuan, with a net amount of 1059582 million yuan.
Unit: 10000 yuan
Ending balance
Proportion of category book amount (%)
Phase I expected credit loss in the next 12 months 994736 27.35 112.96 1.14
Expected credit loss in the whole duration of the second stage (no credit impairment occurred on 156262 4.3 801.2 51.27)
Expected credit loss in the whole duration of phase III (2486170 68.35248617 100)
(credit impairment)
Total 3637168 1 Shenzhen Rapoo Technology Co.Limited(002577) 586 70.87
Unit: 10000 yuan
Opening balance
Proportion of category book amount (%)
Phase I expected credit loss in the next 12 months 468461 14.68 101.95 2.18
Expected credit loss in the whole duration of the second stage (no credit impairment occurred at 175493 5.5 768.43 43.79)
Expected credit loss in the whole duration of phase III (2546718 79.822546718 100)
(credit impairment)
Total 3190672 1 Shenke Slide Bearing Corporation(002633) 756 82.55
Unit: 10000 yuan
Proportion of unit amount (%)
Shantui Construction Machinery Co.Ltd(000680) parent company 8996723 40.89
Shandong Shantui construction machinery import and Export Co., Ltd. 7663974 34.84
Shantui Jianyou Machinery Co., Ltd. 4562359 20.74
Shandong Shantui Construction Machinery Structure Co., Ltd. 453130 2.06
Other units 323317 1.47
Total 21999502 100
(2) Composition of other receivables
Unit: 10000 yuan
Proportion of unit amount (%)
Shantui Construction Machinery Co.Ltd(000680) parent company 2536206 69.73
Shandong Shantui construction machinery import and Export Co., Ltd. 881180 24.23
Shantui Jianyou Machinery Co., Ltd. 116843 3.21
Other units 1029
