Securities code: Leyard Optoelectronic Co.Ltd(300296) securities abbreviation: Leyard Optoelectronic Co.Ltd(300296) Announcement No.: 2022016 Leyard Optoelectronic Co.Ltd(300296)
Announcement on the provision for asset impairment
The company and all members of the board of directors guarantee that the information disclosed is true, accurate and complete without false records, misleading statements or major omissions.
Leyard Optoelectronic Co.Ltd(300296) (hereinafter referred to as “the company”) deliberated and adopted the proposal on the provision for asset impairment at the 35th meeting of the Fourth Board of directors held on April 14, 2022. The specific situation is hereby announced as follows:
In order to fairly reflect the value of various assets of the company, in accordance with the relevant provisions of the accounting standards for business enterprises and the company’s financial management system, the company checks all assets at the end of each year and tests the impairment of assets with signs of impairment. When the recoverable amount of each asset is expected to be lower than its book value, the provision for asset impairment and credit impairment shall be recognized or measured.
1、 Summary of provision for credit impairment loss and asset impairment
Based on the principle of prudence, the company conducted impairment test on accounts receivable and notes receivable, other receivables, long-term receivables, inventories, contract assets, other non current assets, fixed assets, long-term equity investment, construction in progress, intangible assets, goodwill and other assets within the scope of consolidated statements as of December 31, 2021, and judged that there were signs of possible impairment, The provision for asset impairment and credit impairment to be withdrawn are determined. The assets with provision for asset impairment in the current period mainly include inventories, contract assets, non current assets due within one year, other non current assets, fixed assets, long-term equity investment, investment real estate and goodwill; The assets with provision for credit impairment in the current period mainly include accounts receivable, notes receivable, other receivables, non current assets due within one year and long-term receivables, totaling 290412100 yuan.
2、 Impact of withdrawing credit impairment loss and asset impairment provision on the company
The provision for credit impairment loss and asset impairment in this period will reduce the company’s total profit of 290412100 yuan in 2021. 1. Asset impairment loss
Unit: Yuan
Amount incurred in current period and amount incurred in previous period
Inventory depreciation loss and contract performance cost impairment loss 6640923672277092380
Impairment loss of contract assets 2012415041097341110
Impairment loss of investment real estate 76234511
Impairment loss of fixed assets 287870200927155042
Impairment loss of intangible assets 5619214855
Goodwill impairment loss 11048425479130682712947
Impairment loss of other non current assets 104653636028029751
Total 1930123172613863546085
2. Credit impairment loss
Unit: Yuan
Amount incurred in current period and amount incurred in previous period
Bad debt loss of notes receivable 764605075
Bad debt loss of accounts receivable 85829871098299547162
Bad debt loss of other receivables -897825011276070339
Impairment loss of other debt investments 438591781
Bad debt loss of long-term receivables 43576830 828.49
Total 97399782949575700350
Note: the inconsistency between the data in the above table and the data in the following table is due to the difference between the closing exchange rate used in the overseas balance sheet and the average exchange rate used in the income statement.
3、 Description of provision for impairment of major assets
(I) statement of bad debt provision
According to the requirements of the accounting standards for business enterprises and the relevant provisions of the company’s accounting policies and accounting estimates, the company has accrued the bad debt reserves of notes receivable, accounts receivable, other receivables, long-term receivables and non current assets due within one year in the current period, as follows:
1. Provision for bad debt of notes receivable
Unit: Yuan
Project ending balance and beginning balance
Bank acceptance bill 1684709258
Commercial acceptance bill 7684925926
Bad debt provision for notes receivable 764605075
Total 8605030109
The amount of bad debt reserves withdrawn in the current period is 764605075 yuan, all of which are withdrawn by commercial acceptance bills and accepted by banks
Bad debts are not accrued for bills of exchange.
2. Provision for bad debts of accounts receivable:
Unit: Yuan
Closing balance opening balance
Book balance bad debt provision book balance bad debt provision
Category accrual
Proportional book value proportional book value
Amount (%) amount proportion amount (%) amount proportion
（%） （%）
Provision for bad debts by individual item
Account reserve 28829765643 8.2816456422117 57.081237334352624833500558 9.0713357814656 53.7911475685902 accounts receivable, of which: single amount
Provision for bad debts 28829765643 8.2816456422117 57.081237334352624833500558 9.0713357814656 53.7911475685902 provision for bad debts shall be made according to the combination
Account preparation 319228637830 91.7231819259276 9.97287409378554249071348570 90.9327584447450 11.07221486901120 accounts receivable, including: domestic group
270751353018 77.7931740382982 11.72239010970036219118303613 79.9927400443857 12.50191717859756
Overseas Group
48477284812 13.9378876294 0.164839840851829953044957 10.94184003593 0.6129769041364
Total 348058403473 100.0048275681393 13.87299782722080273904849128 100.00409426262106 14.95232962587022
The amount of bad debt provision withdrawn in the current period is 8582987109 yuan.
3. Provision for bad debts of other receivables:
Unit: Yuan
Closing balance opening balance
Book balance bad debt provision book balance bad debt provision
Category accrual
Proportion of book value
