Joyvio Food Co.Ltd(300268) goodwill impairment test report
Company code: Joyvio Food Co.Ltd(300268) company abbreviation: Joyvio Food Co.Ltd(300268) Joyvio Food Co.Ltd(300268)
2021 goodwill impairment test report
1、 Whether to conduct impairment test √ yes □ No 2. Whether to obtain the evaluation report for the purpose of financial report in the impairment test √ yes □ no
Asset group name appraisal institution appraiser appraisal report no. appraisal value type appraisal result
Qingdao Guoxing Food Co., Ltd. Beijing Tianjian Xingye assets Tianxing pingbao Zi (2022) recoverable amount recoverable amount: Shao Weiwei and Bao Yingchun No. 0636 of people’s Co., Ltd. asset group Appraisal Co., Ltd. RMB 150804 million
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Australis seafoods Beijing Tianjian Xingye assets Tianxing pingbao Zi [2022] recoverable amount recoverable amount not less than S.A. asset portfolio evaluation Co., Ltd. Peng Yong, Bao Yingchun No. 0273 RMB 70874773 million
3、 Are there any signs of impairment
Whether the asset group name has impairment trace remarks whether to withdraw impairment remarks impairment basis remarks
as
Qingdao Guoxing Food Co., Ltd
Other signs of impairment of limited company assets are special evaluation reports
Group combination australis
Other signs of impairment of seafoods S.A. assets are special evaluation reports
Portfolio IV. goodwill allocation
Unit: Yuan
Asset group name asset group or asset group asset group or asset group asset group or asset group goodwill allocation method to allocate the original value of goodwill
Determination method of composition of contract book amount of contract
Considering the management’s influence on production
Management or management of business activities of Qingdao Guoxing Food Co., Ltd
The monitoring method of Qingdao Guoxing Food Co., Ltd. asset group and non amortization of assets 100926512864440964345 are in line with the continuous use or disposal of the asset group of the company
Set the decision-making mode, recognize
Fixed asset group or asset
Joyvio Food Co.Ltd(300268) goodwill impairment test report
Group combination can produce independently
Cash flow generated
Considering the management’s influence on production
Management or of business activities
Monitoring methods and assets
The continuous use or disposal of australis seafoods group 589803765656 does not amortize 127166320328s A. Asset group portfolio S.A. the decision-making method of asset group, recognition
Fixed asset group or asset
Group combination can produce independently
Cash flow generated
Whether the determination method of asset group or combination of asset groups is different from that of previous years □ yes √ no v. goodwill impairment test process 1. Important assumptions and reasons
1、 Important assumptions of goodwill impairment of asset group portfolio of Qingdao Guoxing Food Co., Ltd
(I) general assumptions:
1. Transaction assumption: assuming that all assets to be appraised are already in the process of transaction, the appraiser will conduct valuation according to the simulated market such as the transaction conditions of the assets to be appraised.
2. Open market hypothesis: the open market hypothesis is an assumption about the conditions of the market in which the assets are to enter and the impact of the assets under such market conditions. The open market refers to the fully developed and perfect market conditions. It refers to a competitive market with voluntary buyers and sellers. In this market, buyers and sellers have equal status and have the opportunity and time to obtain sufficient market information. The transactions between buyers and sellers are carried out under voluntary, rational, non mandatory or unrestricted conditions.
3. Assumption of continuous use: the assumption of continuous use is an assumption of the conditions under which the assets are to enter the market and the asset status of the assets under such market conditions. Firstly, the appraised assets are in use. Secondly, it is assumed that the assets in use will continue to be used. Under the assumption of continuous use, the conversion of asset use or the best utilization conditions are not considered, and the scope of use of the evaluation results is limited.
4. Assumption of continuous operation of the enterprise: it refers to the assessment assumption made by taking the overall assets of the enterprise as the assessment object. That is, the enterprise, as the main business entity, will continue to operate according to the business objectives under the external environment. The business operator is responsible and capable of taking responsibility; The enterprise operates legally and can obtain appropriate profits to maintain the ability of sustainable operation.
(II) assessment assumptions of income method:
1. There is no significant change in the current relevant national laws, regulations and policies and the national macroeconomic situation; There is no significant change in the political, economic and social environment of the region where the parties to the transaction are located; There is no significant adverse impact caused by other unpredictable and force majeure factors.
2. According to the actual situation of the assets on the benchmark date, it is assumed that the enterprise will continue to operate.
3. It is assumed that the company’s operators are responsible and the company’s management is capable of taking their positions.
4. Unless otherwise stated, it is assumed that the company fully complies with all relevant laws and regulations.
5. It is assumed that the accounting policies to be adopted by the company in the future are basically consistent with those adopted when preparing this report in important aspects.
6. It is assumed that the business scope and mode of the company are consistent with the current direction on the basis of the existing management mode and management level.
7. It is assumed that the products or services of the property right holder will maintain the current market competition after the benchmark date.
8. There is no significant change in interest rate, exchange rate, tax benchmark and tax rate, policy collection fees, etc.
9. It is assumed that the operating income, costs and expenses, renewal and transformation expenses of the property right holding unit in each year will occur evenly in the year.
10. There are no other human force majeure and unforeseen factors that have a significant adverse impact on the enterprise.
2、 Australis seafoods S.A. important assumptions for goodwill impairment of asset group portfolio
（1） General assumptions
1. It is assumed that there are no significant changes in the current relevant laws, regulations, policies and macroeconomic situation of the country where the subject of the combination of goodwill related asset groups is located, and there are no significant changes in the political, economic and social environment of the region where the subject of the combination of goodwill related asset groups is located;
2. According to the actual situation of the assets on the benchmark date, it is assumed that they will be used continuously according to the existing use mode;
3. It is assumed that after the benchmark date, the management of the entity where the asset group portfolio related to goodwill is located is responsible and stable, and has the ability to take its position;
4. Unless otherwise stated, it is assumed that the subject of the portfolio of asset groups related to goodwill fully complies with all relevant laws and regulations;
5. It is assumed that there are no force majeure and unforeseen factors after the benchmark date, which have a significant adverse impact on the subject of the asset group combination related to goodwill.
（2） Special assumptions
1. It is assumed that the accounting policies adopted by the entity where the asset group portfolio related to goodwill is located after the benchmark date are consistent with those adopted in the preparation of this asset appraisal report in important aspects;
Joyvio Food Co.Ltd(300268) goodwill impairment test report
2. It is assumed that after the benchmark date, the business scope and mode of the main body of the asset group portfolio related to goodwill are consistent with the current one on the basis of the existing management mode and management level;
3. It is assumed that after the benchmark date, the cash inflow of the entity where the goodwill related asset group portfolio is located is the average inflow, the cash outflow is the average outflow, and the cash flow is generated in the middle of each forecast period;
4. It is assumed that after the benchmark date, the main members of the management team of the entity where the goodwill related asset group portfolio is located will remain stable, and the products will continue to maintain the current market competition situation. 5. This profit forecast is based on the future business planning and implementation of the principal and the main management of the portfolio of goodwill related asset groups. If there is a deviation between the actual business situation of the enterprise and the business planning, it is assumed that the principal and the main management of the portfolio of goodwill related asset groups take corresponding remedial measures to make up for the deviation.
6. The current appraisal assumes that the basic information and financial information provided by the client and the entity where the goodwill related asset group portfolio is located are true, accurate and complete. 2. Book value of overall asset group or asset group combination
Unit: Yuan
Asset groups belonging to shareholders of the parent company or asset groups belonging to minority shareholders, asset groups containing goodwill, book value of goodwill, book value of goodwill, book value of all goodwill and book value of other assets or combination of asset groups
Qingdao Guoxing Food Co., Ltd
Asset group of the company 4440964345363351628280744806271009265128618167131913
Australis Seafoods 1,271663,203.28 62,375640.84 1,334038,844.11 5,898037,656.56 7,232076,564.43S. A. Asset portfolio 3. Recoverable amount (1) net amount of fair value minus disposal expenses □ applicable √ not applicable (2) present value of estimated future net cash flow √ applicable □ not applicable
Unit: Yuan
Asset group name forecast period business forecast period profit forecast period net stable period business stable period profit stable period net forecast future forecast period business income profit growth rate profit stable period business income profit discount rate cash net flow long rate
