Announcement on the provision of credit impairment loss, asset impairment loss and write off assets in 2021
Securities code: Beijing Vrv Software Corporation Limited(300352) securities abbreviation: Beijing Vrv Software Corporation Limited(300352) Announcement No.: 2022032 Beijing Vrv Software Corporation Limited(300352)
With regard to the announcement on the provision of credit impairment loss, asset impairment loss and write off of assets 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 false records, misleading statements or major omissions.
1、 Summary of credit impairment loss and asset impairment loss accrued this time
(I) reasons for withdrawing credit impairment loss and asset impairment loss
In accordance with the accounting standards for business enterprises and other relevant provisions, Beijing Vrv Software Corporation Limited(300352) (hereinafter referred to as "the company" or " Beijing Vrv Software Corporation Limited(300352) ") comprehensively checked and fully evaluated and analyzed all kinds of assets at the end of 2021 within the scope of consolidated statements. After impairment test, some assets have certain signs of impairment. Based on the principle of prudence, the company accrued credit impairment loss and asset impairment loss for relevant assets with signs of impairment.
(II) detailed statement of accrued credit impairment loss and asset impairment loss
Unit: Yuan
Current amount of category items
Credit impairment loss (loss expressed with "-" of notes receivable impairment loss -107927500) impairment loss of accounts receivable -4926361031 impairment loss of other receivables 1088539611
Total -48282548920
Asset impairment loss (loss is based on contract asset impairment loss -93836285)
"-") goodwill impairment loss -2043930000
Total -2137766285
(III) recognition standard and withdrawal method of credit impairment loss and asset impairment loss withdrawn this time
1. Basis and method of credit impairment loss
On the basis of expected credit loss, the company conducts impairment accounting treatment for financial assets measured at amortized cost, such as notes receivable, accounts receivable and other receivables, and recognizes loss reserves.
The company calculates the cash flow receivable under the contract and the cash flow expected to be received based on reasonable and reliable information such as past events, current situation and prediction of future economic conditions, taking the risk of default as the weight
Announcement on the provision of credit impairment loss, asset impairment loss and write off assets in 2021
The probability weighted amount of the present value of the difference between cash flows is recognized as the expected credit loss.
When the information of expected credit loss cannot be evaluated by a single financial asset at a reasonable cost, the company divides the notes receivable and accounts receivable into a combination according to the characteristics of credit risk, and calculates the expected credit loss on the basis of the combination. The basis for determining the combination is as follows:
(1) Notes receivable
Bill receivable Portfolio 1: bank acceptance bill
Bill receivable portfolio 2: commercial acceptance bill
(2) Accounts receivable
Accounts receivable Portfolio 1: software and information technology services business customers
Accounts receivable portfolio 2: supply chain business customers
Accounts receivable portfolio 3: related parties within the consolidation scope
For bills receivable divided into portfolios, the company refers to the experience of historical credit loss, combined with the current situation and the prediction of future economic conditions, and calculates the expected credit loss through default risk exposure and the expected credit loss rate for the whole duration.
For the accounts receivable divided into portfolio, the company refers to the historical credit loss experience, combined with the current situation and the prediction of future economic conditions, prepares the comparison table between the aging / overdue days of accounts receivable and the expected credit loss rate for the whole duration, and calculates the expected credit loss.
(3) Other receivables
The company divides other receivables into several combinations according to the characteristics of credit risk, and calculates the expected credit loss on the basis of the combination. The company calculates the expected credit loss through the default risk exposure and the expected credit loss rate in the next 12 months or the whole duration. The basis for determining the combination is as follows:
Other receivables Portfolio 1: related parties within the consolidation scope
Other receivables portfolio 2: other accounts
2. Basis and method of asset impairment loss
(1) Contract assets
Provision for impairment of contract assets shall be made according to the expected credit loss method. No matter whether it contains major financing components or not, the company measures its loss reserves according to the amount of expected credit loss in the whole duration on the balance sheet date. If the expected credit loss is greater than the carrying amount of the current contract asset impairment reserves, the difference is recognized as impairment loss, otherwise it is recognized as impairment gain. If the actual impairment loss occurs, it is recognized that the relevant contract assets have no impairment loss
Announcement on the provision of credit impairment loss, asset impairment loss and write off assets in 2021
It shall be recovered according to the law and written off upon approval.
(2) Basis and method of goodwill impairment
For non current and non-financial assets such as fixed assets, construction in progress, intangible assets with limited service life, investment real estate measured by cost mode and long-term equity investment in subsidiaries, joint ventures and associated enterprises, the company determines whether there are signs of impairment on the balance sheet date. If there are signs of impairment, the recoverable amount shall be estimated and impairment test shall be conducted. Goodwill, intangible assets with uncertain service life and intangible assets that have not yet reached the usable state shall be subject to impairment test every year regardless of whether there are signs of impairment.
For the goodwill separately listed in the financial statements, the book value of the goodwill shall be apportioned to the asset group or combination of asset groups expected to benefit from the synergy of business combination during the impairment test.
If the test results show that the recoverable amount of the asset group or combination of asset groups containing the amortized goodwill is lower than its book value, the corresponding impairment loss shall be recognized. The amount of impairment loss shall first offset the book value of the goodwill allocated to the asset group or asset group combination, and then offset the book value of other assets in proportion according to the proportion of the book value of other assets other than goodwill in the asset group or asset group combination.
The Group assesses whether goodwill is impaired at least annually. This requires an estimate of the value in use of the asset group to which goodwill is allocated. When estimating the value in use, the group needs to estimate the future cash flow from the asset group, and select an appropriate discount rate to calculate the present value of future cash flow.
2、 Description of provision for impairment exceeding 30% of net profit this time
As of December 31, 2021, the provision for impairment of individual assets of accounts receivable accounted for
The proportion of the absolute value of the audited net profit in the latest fiscal year has reached more than 30%, and the absolute amount is more than 10 million yuan. Now, the matters related to the provision for bad debts of accounts receivable as of December 31, 2021 are explained as follows:
Asset name bad debt loss of accounts receivable
Book balance on December 31, 2021: 153534630299
At the end of the period, the impairment test is carried out individually or in combination with credit risk,
Provision for bad debts. 1. Impairment test shall be conducted for individual items. Current receivable
The company has reasonable and reasonable consideration for individual special matters arising from the payment
Based on information, including forward-looking information, based on individual expectations
The calculation process of the recoverable amount of assets is to estimate the credit loss. 2. Credit risk portfolio. For stroke
Accounts receivable divided into credit risk portfolio, company reference history
Credit loss experience, combined with the current situation and the impact on the future economy
Prepare the aging and the whole duration of accounts receivable
Compare the expected credit loss rate and calculate the expected credit loss.
Announcement on the provision of credit impairment loss, asset impairment loss and write off assets in 2021
The provision for asset impairment this time is based on the accounting standards for business enterprises and relevant accounting systems of the company
Withdrawn amount in 2021: 4926361031
There are signs of impairment due to the reasons for the provision, and the recoverable amount of the asset in the future is expected to be lower than the original book value
3、 Overview of assets written off this time
According to the accounting standards for business enterprises and other relevant provisions, in order to truly reflect the company's financial situation, the company plans to clean up and write off the uncollectible accounts receivable. The total amount of accounts receivable written off this time is 5977157840 yuan.
4、 The impact of credit impairment loss and asset impairment loss accrued this time on the company's financial situation
The total credit impairment loss accrued this time is -48282548920 yuan, which will reduce the total profit of the company's consolidated statements in 2021 by 48282548920 yuan, the net profit attributable to the shareholders of the listed company in 2021 by 47641873253 yuan, and the owner's equity attributable to the listed company in 2021 by 47641873253 yuan.
The total impairment loss of assets accrued this time is -2137766285 yuan, which will reduce the total profit of the company's consolidated statements in 2021 by 2137766285 yuan, the net profit attributable to the shareholders of the listed company in 2021 by 2137766285 yuan, and the owner's equity attributable to the listed company in 2021 by 2137766285 yuan.
It is hereby announced.
Beijing Vrv Software Corporation Limited(300352)
Board of directors
April 13, 2022
