Securities code: Zhejiang Damon Technology Co.Ltd(688360) securities abbreviation: Zhejiang Damon Technology Co.Ltd(688360) Announcement No.: 2022018 Zhejiang Damon Technology Co.Ltd(688360) Group Co., Ltd
Announcement on the provision for credit and 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 this announcement, and bear legal responsibility for the authenticity, accuracy and integrity of its contents according to law.
1、 Overview of provision for impairment this time
In accordance with the accounting standards for business enterprises and the company’s financial system and other relevant provisions, in order to objectively and fairly reflect the company’s financial position and operating results in 2021, based on the principle of prudence, credit and asset impairment reserves are accrued for relevant assets that may have credit and asset impairment losses within the scope of consolidated statements as of December 31, 2021. The company has accrued 1.035 million yuan of credit impairment loss and 190214 million yuan of asset impairment loss, as shown in the following table:
Unit: RMB
Amount of provision for impairment of the project (10000 yuan)
Bad debt loss of notes receivable -4.72
Credit impairment loss accounts receivable bad debt loss 44.25
Bad debt loss of other receivables 60.82
Contract asset impairment loss 465.22
assets impairment loss
Inventory falling price loss 145492
Total 202049
2、 Specific description of the provision for impairment this time
(I) credit impairment loss
Based on the expected credit loss, the company conducts impairment test on notes receivable, accounts receivable and other receivables and confirms the loss reserves. After testing, the total amount of credit impairment loss accrued in this period is 1.035 million yuan. (II) asset impairment loss
According to the inventory accounting policy, the company measures the inventory according to the lower of cost and net realizable value, and accrues the inventory falling price reserves for the inventory whose cost is higher than net realizable value and obsolete and unsalable. After impairment test, the amount of inventory falling price loss accrued in the current period is 145492 million yuan.
Based on the expected credit loss, the company conducts impairment test on contract assets and confirms the loss reserves. The impairment loss of contract assets withdrawn in this period is 4.6522 million yuan.
3、 Impact of the current provision for impairment on the company
The provision for impairment is included in the accounts of asset impairment loss and credit impairment loss, and the total impact on the company’s total consolidated profit in 2021 is 20.049 million yuan (the impact of income tax is not calculated). The above amount has been audited and confirmed by Zhonghui Certified Public Accountants (special general partnership).
It is hereby announced.
Board of directors of Zhejiang Damon Technology Co.Ltd(688360) Group Co., Ltd. April 18, 2022
