Goodwill impairment test report of Gansu Hainan Yatai Industrial Developent Co.Ltd(000691) Development Co., Ltd
Company code: Hainan Yatai Industrial Developent Co.Ltd(000691) company abbreviation: Hainan Yatai Industrial Developent Co.Ltd(000691) Gansu Hainan Yatai Industrial Developent Co.Ltd(000691) Development Co., Ltd
2021 goodwill impairment test report
1、 Whether to conduct impairment test √ yes □ No 2. Whether to obtain the evaluation report for the purpose of financial report in the impairment test √ yes □ no
Asset group name appraisal institution appraiser appraisal report no. appraisal value type appraisal result
Zhongming assets appraisal report on goodwill [2022]
There is no impairment of goodwill in the recoverable amount of group or asset group portfolio (Beijing) Co., Ltd. Gong Lin shouhe and Han Yanqing No. 10007
department
3、 Are there any signs of impairment
Whether the asset group name has impairment trace remarks whether to withdraw impairment remarks impairment basis remarks
as
Assets related to goodwill
There is no sign of impairment in the asset group or asset group. Is there a special evaluation report
Portfolio IV. allocation of goodwill
Unit: Yuan
Asset group name asset group or asset group asset group or asset group asset group or asset group goodwill allocation method to allocate the original value of goodwill
Determination method of composition of contract book amount of contract
Fixed assets, construction in progress
Assets related to goodwill, intangible assets, other assets of 31776882307 51% 16206209977 group or combination of asset groups (excluding deferred income tax)
(other than assets), goodwill
Whether the determination method of asset group or asset group combination is different from that of previous years □ yes √ no
Goodwill impairment test report of Gansu Hainan Yatai Industrial Developent Co.Ltd(000691) Development Co., Ltd
5、 Goodwill impairment test process 1. Important assumptions and reasons
In this appraisal, the appraisers have followed the following assumptions:
(1) General assumptions
① Transaction assumptions
The transaction assumption is to assume that the asset group with goodwill is already in the process of transaction, and the evaluation professionals will evaluate according to the simulated market such as the transaction conditions of the assets to be evaluated. Transaction assumption is the most basic premise for asset appraisal.
② Open market hypothesis
The open market hypothesis assumes that the asset group with goodwill traded in the market or the asset group with goodwill to be traded in the market. Both parties to the asset transaction have equal status with each other and have the opportunity and time to obtain sufficient market information, so as to make a rational judgment on the function, purpose and transaction price of the asset group with goodwill. The open market assumption is based on the fact that the asset group with goodwill can be traded publicly in the market.
③ Asset going concern assumption
The assumption of continuous operation of assets refers to the continuous use of the asset group containing goodwill according to the current purpose, mode, scale, frequency and environment, or on the basis of changes, and the corresponding determination of evaluation methods, parameters and basis.
④ Simple maintenance assumptions
The simple maintenance assumption in this report refers to that the improvement or replacement of the asset group with goodwill is not considered when the income method is used to determine the value in use.
⑤ Current condition assumptions of assets
The current status of assets in this report refers to that when the goodwill asset group adopts the income method to determine the value in use, it is based on the current status of the assets, excluding the expected future cash flow related to the restructuring events that may occur in the future and have not been committed.
(2) Special assumptions
① The current national macroeconomic, financial and industrial policies will not change significantly;
② There is no significant change in the socio-economic environment of the asset group including goodwill and the tax, tax rate and other policies implemented;
③ The main operation and management teams involved in the asset group with goodwill have the necessary knowledge and ability to manage and operate, operate legally and in compliance, and be diligent and responsible;
④ The main business, the composition of income and cost and the business strategy of the asset group with goodwill in the future operation period will continue to maintain its status in recent years without major changes. Do not consider the profits and losses caused by changes in the main business conditions in the future due to changes in the operation and management strategies of the principal or the main operation and management team involved in the asset group with goodwill and changes in the business environment;
⑤ In the future operation period, the operating expenses and management expenses involved in the asset group including goodwill will not change significantly on the basis of the existing budget, and the expected change trend will continue;
⑥ Effective execution assumption: it is assumed that the contracts and agreements signed in the previous year and the current year related to the business of the asset group with goodwill are effective and can be implemented;
⑦ Assumption of renewal at maturity: it is assumed that all kinds of qualification certificates supporting the business related to the asset group with goodwill will apply for renewal after expiration and be approved;
⑧ Cash flow stability assumption: it is assumed that the cash flow of the asset group with goodwill will be generated in the middle of each prediction period and can obtain stable income, and the overall average income of each year after 2027 is the same as that in 2026;
⑨ Invoice compliance assumption: assuming that Lingang Yanuo chemical is a general VAT taxpayer, all expenses incurred can obtain a compliant and legal VAT invoice, and the local tax authority allows its input tax to be deductible;
⑩ The scope of the appraisal is only subject to the appraisal declaration form of the asset group with goodwill affixed with the official seal of the client or Lingang Yanuo chemical, and the contingent assets and contingent liabilities that may exist outside the appraisal declaration form of the client and the asset group with goodwill are not considered.
According to the requirements of asset appraisal, it is determined that these assumptions are established on the benchmark date. When the future economic environment changes greatly, the appraisal results will generally become invalid, and the appraisal institution and appraisers will not bear the responsibility for deriving different appraisal conclusions due to the change of assumptions.
2. Book value of overall asset group or combination of asset groups
Unit: Yuan
Asset groups belonging to shareholders of the parent company or asset groups belonging to minority shareholders, asset groups containing goodwill, book value of goodwill, book value of goodwill, book value of all goodwill and book value of other assets or combination of asset groups
Assets related to goodwill 16206209977155706723303177688230727561797759340500284 group or combination of asset groups
Goodwill impairment test report of Gansu Hainan Yatai Industrial Developent Co.Ltd(000691) Development Co., Ltd
3. Recoverable amount (1) net amount of fair value minus disposal expenses □ applicable √ not applicable (2) present value of estimated future net cash flow √ applicable □ not applicable
Unit: Yuan
Asset group name forecast period business forecast period profit forecast period net stable period business stable period profit stable period net expected future said forecast period business income profit increase rate profit stable period business income profit increase rate profit discount rate cash net flow long rate long rate present value of long rate quantity
Consistent with goodwill
12.22% of related assets in 5 years 61800000 groups or 0.00 capital
Production group combination
Whether the growth rate of operating revenue in the forecast period is inconsistent with that in previous periods no
Whether the profit margin in the forecast period is inconsistent with that in the previous period no
Whether the net profit in the forecast period is inconsistent with that in previous periods no
Whether the growth rate of operating income in the stable period is inconsistent with that in the previous period no
Whether the profit margin in the stable period is inconsistent with that in the previous period no
Whether the net profit in the stable period is inconsistent with that in the previous period no
Is the discount rate inconsistent with the previous period? No
Other notes □ applicable √ not applicable 4. Calculation of goodwill impairment loss
Unit: Yuan
The overall goodwill impairment standard of assets including goodwill belongs to the parent company’s shares. The recoverable amount of the current year’s goodwill impairment asset group name group or asset group combination has been accrued in the previous year. The goodwill impairment standard is the loss of goodwill impairment provision
Provision for book value
6、 Subject matter of unrealized profit forecast
Unit: Yuan
The name of the object corresponds to the original value of the goodwill of the asset group. Has the accrued goodwill minus the impairment of goodwill this year? Is there any performance? Is the performance remark completed
Commitment of loss amount of provision
Goodwill impairment test report of Gansu Hainan Yatai Industrial Developent Co.Ltd(000691) Development Co., Ltd
7、 Subject matter with annual performance falling by more than 50%
Unit: Yuan
The target name corresponds to the original value of the goodwill of the asset group. The accrued goodwill minus the first 50% decline in the impairment of goodwill this year. Is the downward trend noted
Annual value above the amount of reversal reserve loss
