Securities code: Loctek Ergonomic Technology Corp(300729) securities abbreviation: Loctek Ergonomic Technology Corp(300729) Announcement No.: 2022023
Bond Code: 123072 bond abbreviation: lege convertible bond
Loctek Ergonomic Technology Corp(300729)
Announcement on the company's provision for asset impairment in 2021
The company and all members of the board of directors guarantee that the content of information disclosure is true, accurate and complete without falsehood
False records, misleading statements or material omissions.
Loctek Ergonomic Technology Corp(300729) (hereinafter referred to as "the company") was held on April 11, 2022
At the 39th meeting of the 4th board of directors and the 32nd meeting of the 4th board of supervisors, the
According to the proposal of withdrawing the provision for asset impairment in 2021, the company withdrew the provision for asset impairment in 2021, totaling 133963 yuan
Ten thousand yuan. The details of the provision for asset impairment are hereby announced as follows:
1、 Overview of the provision for asset impairment this time
1. Reasons for withdrawing asset impairment provision this time
In order to truly reflect the company's financial situation and operating results, based on the principle of prudence and in accordance with the accounting standards for business enterprises
And the relevant provisions of the company's accounting policies, the company's various receivables, inventories, fixed assets and long-term assets at the end of 2021
A comprehensive inventory of equity investment, construction in progress, intangible assets and other assets has been carried out in the current period to determine the possibility of impairment of various assets
And the net realizable value of various inventories. After analysis, the company believes that the above assets
There are certain signs of impairment in some of the assets, and the provision for asset impairment shall be made.
2. Asset scope and amount of the current provision for asset impairment
According to the results of the impairment test, the company and its subsidiaries are aware of the possible impairment of assets at the end of 2021
After a comprehensive inventory and asset impairment test, the provision for impairment of various assets in 2021 totaled 133963 yuan
10000 yuan, as shown in the table below:
Unit: RMB 10000
Category: Year beginning balance withdrawn foreign currency translation difference in the current year, recovered or reversed ending balance in the current year
Accounts receivable 111217 250.88 0.00 19.57134349
Other receivables 166.76 167.56 -44.09 0.06 290.16
Inventory 136049 921.19 0.00 848.84143284
Notes receivable 0.00 0.00 0.00 0.00 0.00 0.00
Total 263943133963 -44.09 868.47306649
2、 The recognition standard and withdrawal method of the provision for asset impairment this time
(I) in 2021, the company accrued 2.588 million yuan of bad debt provision for accounts receivable, and 0 million yuan for notes receivable as accounts receivable, which are accounts receivable with significant single amount and separate bad debt provision and accounts receivable with bad debt provision based on credit risk characteristics; The bad debt provision of other receivables is 1.6756 million yuan, which is other receivables for which the bad debt provision is made according to the combination of credit risk characteristics. The recognition standard and withdrawal method of bad debt provision of receivables are as follows:
1. Amount of individually significant bad debt provision:
Judgment basis or amount standard of significant single amount: receivables with single amount of more than 1 million yuan (including 1 million yuan).
Withdrawal method of single significant amount and separate provision for bad debt reserves:
At the end of the year, the receivables with significant single amount (including accounts receivable and other receivables) shall be subject to impairment test separately. If there is objective evidence indicating that they have been impaired, the bad debt reserves shall be withdrawn according to the difference between the present value of the estimated future cash flow and its book value, which shall be included in the current profits and losses. Receivables that have not been impaired through separate test shall be classified into corresponding combinations and bad debt reserves shall be accrued.
2. Receivables with bad debt reserves withdrawn according to the combination of credit risk characteristics:
3. Receivables with insignificant single amount but separate provision for bad debts:
Insignificant single amount refers to receivables with single amount less than 1 million yuan.
(II) in 2021, the company accrued 9.2119 million yuan of inventory falling price reserves. The recognition standard and method of inventory falling price reserves:
The net realizable value of finished products, goods in stock, materials for sale and other goods inventories directly for sale shall be determined by the amount of the estimated selling price of the inventory minus the estimated selling expenses and relevant taxes in the normal process of production and operation; After deducting the estimated net selling price of finished products and related taxes and fees incurred in the normal process of production from the estimated selling price of finished products and materials to be realized in the normal process of production; The net realizable value of inventories held for the execution of sales contracts or labor contracts is calculated based on the contract price. If the quantity of inventories held is more than the quantity ordered in the sales contract, the net realizable value of excess inventories is calculated based on the general sales price.
At the end of the year, the provision for inventory falling price shall be withdrawn according to a single inventory item; However, for the inventory with large quantity and low unit price, the inventory falling price reserves shall be withdrawn according to the inventory category; If the inventories are related to the product series produced and sold in the same region, have the same or similar end use or purpose, and are difficult to be measured separately from other items, the inventory falling price reserves shall be accrued jointly.
Unless there is clear evidence that the market price on the balance sheet date is abnormal, the net realizable value of inventory items is determined based on the market price on the balance sheet date.
The net realizable value of inventory items at the end of the year is determined based on the market price on the balance sheet date.
(III) in 2021, the provision for impairment of construction in progress was 0 million, and the impairment test of construction in progress was conducted, with a single provision of 0 million.
3、 The impact of the current provision for asset impairment on the company
The provision for asset impairment will reduce the total profit of the company's consolidated statements in 2021 by 1339627630 yuan. The provision for asset impairment has been audited and confirmed by Lixin Certified Public Accountants (special general partnership). The provision for asset impairment this time truly reflects the financial situation of the enterprise, meets the requirements of accounting standards and relevant policies, and conforms to the actual situation of the company.
4、 Approval procedures for the provision for asset impairment this time
The provision for asset impairment has been deliberated and approved at the 39th meeting of the Fourth Board of directors and the 32nd meeting of the Fourth Board of supervisors, and the independent directors have expressed their opinions.
(I) opinions of the board of directors
The board of directors of the company believes that the provision for asset impairment of the company in 2021 complies with the accounting standards for business enterprises and relevant accounting policies of the company, and fairly reflects the financial status and operating results of the company in 2021.
(II) opinions of independent directors
The independent directors of the company believe that the company's provision for asset impairment is based on sufficient basis, has fulfilled the corresponding approval procedures, and complies with the provisions of the accounting standards for business enterprises and relevant accounting policies of the company. After the company's provision for asset impairment, it can more fairly reflect the company's asset status and operating results, and make the company's accounting information about asset value more authentic, reliable and reasonable, There is no situation that damages the interests of the company and all shareholders, especially the interests of minority shareholders. We agree that the company will withdraw the provision for asset impairment this time.
(III) opinions of the board of supervisors
After review, the board of supervisors believes that the provision for asset impairment follows the principle of prudence and complies with the accounting standards for business enterprises, the provisions of the company's accounting policies and the actual situation of the company's assets. The decision-making procedure of the board of directors on this matter is legal and based on sufficient basis. After the provision for asset impairment is made, the financial situation and operating results of the company in 2021 can be reflected more fairly. The board of supervisors agreed to withdraw the provision for asset impairment this time.
It is hereby announced.
Loctek Ergonomic Technology Corp(300729) board of directors April 13, 2022
