Securities Announcement No.: 0024
Announcement on write off of some accounts receivable and contract assets
The company and all members of the board of directors guarantee that the information disclosed is true, accurate and complete,
There are no false records, misleading statements or major omissions.
Ife Elevators Co.Ltd(002774) (hereinafter referred to as “the company”) held the fourth session on April 6, 2022
The seventh meeting of the board of directors and the sixth meeting of the Fourth Board of supervisors deliberated and adopted the “on write off of some receivables”
Proposal on accounts and contract assets. The details are hereby announced as follows:
1、 Overview of accounts receivable and contract assets written off this time
In accordance with the accounting standards for business enterprises, the Listing Rules of Shenzhen Stock Exchange and other relevant laws and regulations
According to the regulations, in order to truly reflect the financial situation of the company, it is required to comply with laws and regulations, standardize operation, approve and cancel accounts one by one
Based on the principle of deposit, the company recognizes the uncollectible accounts receivable and contract assets as of December 31, 2021
Clean up and write off, with a total amount of 785147950 yuan. The above amounts have accrued bad debt reserves
The reserve is 732898182 yuan, and the remaining book value is 52249768 yuan. The details of write off are as follows:
Unit: Yuan
The book amount of project write off has accrued bad debt amount, and the write off profit and loss affects the write off reason
The original accounts receivable 77206759072344769648619894 due to the bankruptcy and suspension of business of customers, which really cannot be recovered after the implementation of various collection measures.
The original contract assets 1308036094504863629874 due to the bankruptcy and suspension of business of the customer, resulting in the implementation of various collection measures, which can not be recovered.
Total 78514795073289818252249768
2、 The impact of the current write off of accounts receivable and contract assets on the company
The accounts receivable and contract assets written off this time are due to the bankruptcy and suspension of business of the customer
The company has been urged to collect through various channels, but it is still unable to recover. Therefore, the above amount is written off, but the company is not responsible for the above receivables
Accounts and contract assets will still retain the right of continuous recourse. The company will establish accounts for future reference, retain data that may be used for recourse in the future, and continue to implement the person in charge to track at any time.
The write off of receivables and contract assets is expected to have an impact on the company’s net profit attributable to shareholders of Listed Companies in 2021 of 52249768 yuan, which will not have a significant impact on the company’s operating performance in 2021. The write off of accounts receivable meets the requirements of the accounting standards for business enterprises and relevant policies. After write off, it can more fairly reflect the company’s assets and meet the requirements of the company’s actual situation and accounting policies. This write off does not involve related parties, nor does it damage the interests of the company and shareholders.
3、 Approval procedures for the current write off of accounts receivable and contract assets
The write off of accounts receivable and contract assets has been deliberated and approved at the 7th Meeting of the 4th board of directors and the 6th meeting of the 4th board of supervisors. According to the relevant provisions of the stock listing rules and the articles of association of Shenzhen Stock Exchange, the write off amount of accounts receivable and contract assets is within the approval authority of the board of directors and does not need to be submitted to the general meeting of shareholders for deliberation.
4、 Opinions of independent directors on some accounts receivable and contract assets written off this time
After verification, we believe that the write off of accounts receivable complies with the relevant provisions of the accounting standards for business enterprises and the actual situation of the company, truly reflects the financial situation of the company, and the basis for write off is sufficient; The write off of some accounts receivable and bad debts of contract assets does not involve the company’s related parties, nor does it damage the interests of the company and shareholders, especially small and medium-sized shareholders. The review procedures comply with relevant laws and regulations and the articles of association. We agree to write off some accounts receivable and contract assets this time.
5、 Opinions of the board of supervisors on some accounts receivable and contract assets written off this time
The board of supervisors believes that the company’s write off of some accounts receivable and contract assets in accordance with the accounting standards for business enterprises and relevant regulations is in line with the actual situation of the company, can more fairly reflect the asset status of the company, and help to provide investors with more authentic, accurate and reliable accounting information. Some accounts receivable written off this time do not involve related parties of the company. The decision-making procedures of the board of directors on this matter are legal, there is no damage to the interests of the company and shareholders, and comply with the accounting standards for business enterprises, the stock listing rules of Shenzhen Stock Exchange and other relevant provisions. We agree that the company will write off some accounts receivable and contract assets this time.
6、 Documents for future reference
1. Resolutions of the 7th Meeting of the 4th board of directors;
2. Resolutions of the 6th meeting of the 4th board of supervisors; 3. Independent opinions of independent directors on matters related to the seventh meeting of the Fourth Board of directors. It is hereby announced
Ife Elevators Co.Ltd(002774) board of directors April 8, 2022
