Securities code: Guangdong Lyric Robot Automation Co.Ltd(688499) securities abbreviation: Guangdong Lyric Robot Automation Co.Ltd(688499) Announcement No.: 2022026 Guangdong Lyric Robot Automation Co.Ltd(688499)
Announcement on the provision for asset impairment in 2021
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 the announcement, and bear legal responsibility for the authenticity, accuracy and integrity of the contents according to law.
Guangdong Lyric Robot Automation Co.Ltd(688499) (hereinafter referred to as "the company") held the 9th meeting of the 2nd board of directors and the 7th Meeting of the 2nd board of supervisors on April 7, 2022, deliberated and adopted the proposal on the company's provision for asset impairment loss and credit impairment loss in 2021. The relevant matters are hereby announced as follows:
1、 Overview of provision for asset impairment
In accordance with the accounting standards for business enterprises and the relevant provisions of the company's accounting policies and accounting estimates, in order to truly and accurately reflect the company's financial position and operating results as of December 31, 2021, based on the principle of prudence, the company conducted an impairment test on the assets of the company and its subsidiaries as of December 31, 2021, and fully communicated with the annual audit accountant, Provision for impairment shall be made for relevant assets that may suffer from asset impairment losses. The total asset impairment loss and credit impairment loss recognized in 2021 was 384084 million yuan.
The details are shown in the table below:
No. item 2021 accrued amount remarks
(10000 yuan)
1. Asset impairment loss 218008 inventory falling price loss
Bad debt loss of notes receivable, bad debt loss of accounts receivable 2, loss of credit reduction of 166076, loss of contract assets reduction, bad debt loss of other receivables
Total 384084
2、 Specific description of the provision for asset impairment
(I) asset impairment loss
For long-term assets such as long-term equity investment, fixed assets, construction in progress, other non current assets and intangible assets with limited service life, if there are signs of impairment on the balance sheet date, the recoverable amount shall be estimated and impairment test shall be conducted. For inventory assets, on the balance sheet date, if the inventory cost is higher than its net realizable value, the inventory falling price reserves shall be accrued. After testing, the total amount of asset impairment loss to be accrued this time is 218008 million yuan.
(II) credit impairment loss
The company conducts impairment test on accounts receivable, other receivables, notes receivable and contract assets on the basis of expected credit loss and in combination with individual identification method. The total amount of impairment test is 1676000 yuan.
3、 The impact of the current provision for asset impairment on the company
The provision for impairment is included in the accounts of asset impairment loss and credit impairment loss, which has a total impact on the company's total consolidated profit of 384084 million yuan in 2021 (the impact of income tax is not calculated in the total consolidated profit). 4、 Opinions of the board of directors on the provision for asset impairment this time
The impairment test conducted by the company on the assets of the company and its subsidiaries as of December 31, 2021 complies with the relevant provisions of the accounting standards for business enterprises and the company's accounting policies, fairly reflects the asset status of the company, and does not damage the interests of the company and all shareholders.
5、 Independent opinions of independent directors on the company's provision for asset impairment
The provision of asset impairment loss and credit impairment loss this time complies with the relevant provisions of the accounting standards for business enterprises and the company's accounting policies. After the impairment loss is accrued, the company's financial statements can more fairly reflect the company's financial situation and operating results, help to provide investors with more authentic, reliable and accurate accounting information, and there is no damage to the interests of the company and all shareholders. Independent directors unanimously agreed to the proposal on the company's provision for asset impairment loss and credit impairment loss in 2021.
6、 Opinions of the board of supervisors on the provision for asset impairment
In accordance with the accounting standards for business enterprises and the relevant provisions of the company's accounting policies and accounting estimates, in order to truly and accurately reflect the company's financial position and operating results as of December 31, 2021, based on the principle of prudence, the company conducted an impairment test on the assets of the company and its subsidiaries as of December 31, 2021, and fully communicated with the annual audit accountant, Provision for impairment shall be made for relevant assets that may suffer from asset impairment losses. The total asset impairment loss and credit impairment loss recognized in 2021 was 384084 million yuan. The provision of asset impairment loss and credit impairment loss this time complies with the relevant provisions of the accounting standards for business enterprises and the company's accounting policies, and there is no damage to the interests of the company and all shareholders.
It is hereby announced.
Guangdong Lyric Robot Automation Co.Ltd(688499) board of directors April 7, 2022
