Securities code: Yunnan Tourism Co.Ltd(002059) securities abbreviation: Yunnan Tourism Co.Ltd(002059) Announcement No.: 2022013 Yunnan Tourism Co.Ltd(002059)
Announcement on the provision for asset impairment
The company and all members of the board of directors guarantee that the information disclosed is true, accurate and complete without false records, misleading statements or major omissions.
According to the accounting standards for business enterprises and the relevant provisions of the company's accounting policies and accounting estimates, based on the principle of prudence, the company and its subsidiaries conducted impairment tests on accounts receivable, inventories, contract assets and fixed assets as of December 31, 2021, and judged that there were signs of possible impairment. After testing, the company has made provision for impairment of receivables and other assets that may have impairment losses, and the total provision for asset impairment is 374.16 million yuan. The details are as follows:
Unit: 10000 yuan
No. asset category: amount of provision for asset impairment
1. Bad debt loss of notes receivable 107
2 bad debt loss of accounts receivable 7318
3 bad debt loss of other receivables 1835
4. Provision for impairment of fixed assets 1726
5. Provision for impairment of intangible assets 2984
6 provision for impairment of contract assets - 185
7. Provision for impairment of other non current assets 23631
Total 37416
1、 Provision for impairment of receivables
(I) recognition standard and withdrawal method of accounts receivable
The determination method and accounting treatment method of the expected credit loss of the company's receivables, including the method of evaluating whether the credit risk has increased significantly since the initial recognition, the combination method of evaluating the expected credit based on the combination, etc. For the accounts receivable formed by transactions regulated in the accounting standards for Business Enterprises No. 14 - income standards and without significant financing components, the loss reserves shall always be measured according to the amount equivalent to the expected credit loss in the whole duration.
Portfolio based assessment. Whether there is a significant increase in the credit risk of the company on the basis of sufficient evidence of a significant increase in the credit risk of the portfolio; For bills receivable, the company classifies the bills receivable according to the credit risk rating as the common risk characteristics, and considers whether the credit risk has increased significantly based on the combination.
Based on the actual credit losses of previous years and considering the forward-looking information of this year, the accounting estimation policy for measuring the expected credit losses of the company is as follows:
Single instrument level
Provision for bad debts of individual assets
There is no credit impairment of related parties within the consolidation scope of Oct
There is no credit impairment in the margin portfolio
The aging combination measures the default loss rate based on the aging combination
(II) provision for bad debts
In the current period, the company made a total of 92.6 million yuan of bad debt reserves for accounts receivable.
1. In the current period, the company made a total of 1.07 million yuan of bad debt provision for bills receivable (commercial acceptance bills).
Unit: 10000 yuan
The amount of change at the beginning of the year and the current year is withdrawn from the year-end category balance, or transferred back to write off or write off other balances
Withdrawing bad debt reserves by individual item
Withdrawing bad debt reserves by portfolio 107
Total 107
2. The provision for bad debts of accounts receivable is 73.18 million yuan.
Unit: 10000 yuan
Category: balance at the beginning of the year, change amount of the current year, withdrawal at the end of the year, reversal or write off of other balances
Withdrawing bad debt reserves by single item 41082970 0 100 - 156963
Withdrawing bad debt reserves by portfolio 88354348 0 - 2613157
Total 129437318 0 100 - 4120120
3. The provision for bad debts of other receivables is 18.35 million yuan.
Unit: 10000 yuan
Category: change amount of the current year at the beginning of the year, withdrawal of year-end balance, reversal of write off or write off of other balances
Bad debt reserves withdrawn by single amount 2472051 0 2207
Bad debt reserves withdrawn by portfolio 1763 - 216 0 - 621576
Total 20101835 0 - 623783
2、 Provision for asset impairment
(I) standard and provision for impairment of contract assets
The company's contract assets are measured according to the expected credit loss of the whole duration according to the portfolio.
Contract assets within the group have no credit loss; The group's external contract assets determine the loss rate according to the credit risk portfolio and withdraw the provision for impairment of contract assets.
(II) standard and provision for impairment of fixed assets
The company judges whether there is any sign of possible impairment of fixed assets at the end of each period. If there are signs of impairment of fixed assets, the recoverable amount shall be estimated. The recoverable amount is determined according to the higher one between the net amount of the fair value of the fixed assets minus the disposal expenses and the present value of the estimated future cash flow of the fixed assets. If the recoverable amount of the fixed assets is lower than the book value of the fixed assets, it shall be recorded into the current profit and loss. At the same time, if the recoverable amount of the fixed assets is lower than the book value of the fixed assets, it shall be recorded into the current profit and loss. After the impairment loss of fixed assets is recognized, the depreciation of impaired fixed assets shall be adjusted accordingly in the future period, so that the adjusted book value of fixed assets (deducting the estimated net residual value) can be systematically apportioned within the remaining service life of the fixed assets. Once the impairment loss of fixed assets is recognized, it will not be reversed in future accounting periods.
(III) standards and provision for impairment of intangible assets
The company checks the intangible assets with limited service life at the end of the period. When there are signs of impairment, the company conducts impairment test. For intangible assets with uncertain goodwill and service life, impairment test shall be conducted at the end of each year regardless of whether there are signs of impairment. After the impairment test, if the book value of the asset exceeds its recoverable amount, the difference is recognized as impairment loss. Once the impairment loss of the above assets is recognized, it will not be reversed in subsequent accounting periods.
(IV) standards and provisions for impairment of other non current assets
At the end of the period, the company recognizes the business related to external guarantee, commercial acceptance bill discount, pending litigation or arbitration, product quality assurance and other contingencies as liabilities when the following conditions are met: this obligation is the current obligation undertaken by the company; The performance of this obligation is likely to lead to the outflow of economic benefits from the enterprise; The amount of the obligation can be measured reliably. The estimated liabilities are initially measured according to the best estimate of the expenditure required to perform the current obligations. (V) provision for asset impairment
Unit: 10000 yuan
Decrease in consolidation of provision for write off at the beginning of the period
Total provision for impairment of contract assets 239 - 185 54
Provision for impairment of fixed assets 821726 5 1803
Provision for impairment of intangible assets 0 29842984
Provision for impairment of other non current assets 02363123631
Subtotal 32128156528472
3、 The impact of the current provision for asset impairment on the company
The company's provision for impairment during the reporting period decreased the total profit of 2021 by 374.16 million yuan, including:
(I) the provision for bad debts of receivables is 92.6 million yuan, including 1.07 million yuan for bad debts of notes receivable, 73.18 million yuan for bad debts of accounts receivable and 18.35 million yuan for bad debts of other receivables;
(II) the provision for impairment of assets is 28.156 million yuan, of which: the total provision for impairment of contract assets is - 1.85 million yuan, the provision for impairment of fixed assets is 17.26 million yuan, the provision for impairment of intangible assets is 29.84 million yuan, and the provision for impairment of other non current assets is 236.31 million yuan.
4、 Explanation of the audit committee of the board of directors on the rationality of the provision for asset impairment this time
The company's provision for asset impairment this time is based on the principle of prudence and complies with the relevant provisions of the accounting standards for business enterprises, accounting policies and accounting estimates. The basis for the provision for asset impairment is sufficient and fairly reflects the company's asset status, asset value and financial status at the end of the period, making the company's accounting information more authentic, reliable and reasonable. Therefore, the company agrees to withdraw the provision for asset impairment this time.
5、 Independent opinions of independent directors on the provision for asset impairment this time
The independent directors of the company believe that the company's provision for impairment in accordance with the accounting standards for business enterprises and other relevant provisions, combined with the actual situation of the company's assets and operations, conforms to the principles of accounting prudence and consistency, fairly reflects the asset status of the company at the end of the reporting period, helps to provide investors with more authentic and reliable accounting information, and does not damage the interests of the company and all shareholders, especially the interests of minority shareholders. The decision-making procedures for withdrawing the provision for asset impairment comply with the provisions of relevant laws, regulations and the articles of association, and the company agrees to withdraw the provision for asset impairment this time.
6、 Explanation of the board of supervisors on whether the provision for asset impairment is in line with the accounting standards for business enterprises
The board of supervisors considered that the company made provision for impairment in accordance with the accounting standards for business enterprises and other relevant provisions, combined with the actual situation of the company's assets and operations, which can better reflect the company's asset status. The relevant decision-making procedures comply with relevant laws, regulations and the articles of Association, and there is no damage to the interests of the company and shareholders. It agreed that the company made provision for asset impairment this time.
7、 Documents for future reference
1. Resolution of the 28th meeting of the 7th board of directors of the company
2. Resolution of the 22nd Meeting of the 7th board of supervisors of the company
3. Explanation of the audit committee of the board of directors on the rationality of the provision for asset impairment this time
It is hereby announced
Yunnan Tourism Co.Ltd(002059) board of directors
