Securities code: Yonker Environmental Protection Co.Ltd(300187) securities abbreviation: Yonker Environmental Protection Co.Ltd(300187) Announcement No.: 2022032 Yonker Environmental Protection Co.Ltd(300187)
Announcement on the provision of credit impairment loss and asset impairment loss in 2021
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.
1、 Summary of credit impairment loss and asset impairment loss
(I) reasons for withdrawing credit impairment loss and asset impairment loss this time
In accordance with the relevant provisions of the accounting standards for business enterprises and the company's accounting policies, Yonker Environmental Protection Co.Ltd(300187) (hereinafter referred to as "the company") has conducted a comprehensive inventory of all kinds of assets within the consolidation scope by the end of 2021, and conducted sufficient evaluation and analysis. After the asset impairment test, the company believes that there are certain signs of impairment of some assets. Based on the principle of prudence, The company accrues credit impairment loss and asset impairment loss for relevant assets with signs of impairment.
(II) asset scope and total amount of impairment loss withdrawn this time
After the company and its subsidiaries conducted a comprehensive inventory and impairment test on the assets with possible signs of impairment at the end of 2021, the impairment losses in 2021 totaled 1849016123 yuan. The details are as follows:
Amount of credit / asset impairment loss accrued for category items in the reporting period (yuan)
Bad debt loss of accounts receivable 1683497996 credit impairment loss
Bad debt loss of other receivables 82594448 (loss expressed with "-")
Bad debt loss of notes receivable (or receivables financing) -9545870
Asset impairment loss and inventory falling price loss 7641166
(loss expressed with "-") contract asset impairment loss 84828383
Total 1849016123
2、 Recognition standard and withdrawal method of impairment loss this time
(I) credit impairment loss
It is estimated that the company has accrued 1756546574 yuan of credit impairment loss (loss is indicated with "-"), including 1683497996 yuan of bad debt loss of accounts receivable, 82594448 yuan of bad debt loss of other accounts receivable and -9545870 yuan of bad debt loss of notes receivable (or financing of accounts receivable).
1. Recognition standard and withdrawal method of bad debt provision for accounts receivable
For the accounts receivable specified in the accounting standards for Business Enterprises No. 14 - income and excluding major financing components (including the situation that the financing components in the contract not exceeding one year are not considered according to the standards), the simplified model of expected credit loss is adopted, that is, the loss provision is always measured according to the amount of expected credit loss in the whole duration, and the resulting increase or reversal amount of loss provision, As impairment loss or gain, it shall be included in the current profit and loss.
For accounts receivable with significant financing components, the company chooses to adopt the simplified model of expected credit loss, that is, it always measures its loss reserves according to the amount of expected credit loss throughout the duration.
(1) Simplified model of expected credit loss: the loss provision is always measured according to the amount of expected credit loss throughout the duration
The company considers all reasonable and based information, including forward-looking information, and estimates the expected credit loss of accounts receivable individually or in combination. The basis for determining different combinations is as follows:
Combination name: basis for determining combination and method for measuring expected credit loss
Accounts receivable - aging refers to the experience of historical credit loss, combined with the current situation and the prediction of future economic conditions
The combination prepares the comparison table between the aging and the expected credit loss rate for the whole duration, and calculates the expected credit loss accounts receivable - the accounts receivable test the expected credit loss of the debt unit of the related party within the consolidation scope, and there is no related party within the pre consolidation scope after the test
The related parties within the consolidation scope with the current credit losses of the related parties within the consolidation scope are classified as risk-free portfolio, and the bad debt reserves are not withdrawn
Combined standby.
Accounts receivable of national, provincial and municipal subsidies recognized by photovoltaic power generation and waste power generation companies - electricity price
The national and provincial subsidies confirmed by electricity are classified as the combination of electricity price subsidies receivable. This kind of subsidy belongs to the combination of government payments and subsidies according to policies
If there is no expected credit risk through the test, the bad debt provision will not be withdrawn.
(2) The aging division of the aging portfolio and the expected credit loss rate during the duration of the current period are as follows:
Expected credit loss rate of aging accounts receivable (%)
Within 1 year (including 1 year) 5
1-2 years (including 2 years) 18
2-3 years (including 3 years) 23
More than 3 years 35
2. Recognition standard and withdrawal method of bad debt provision for other receivables
The company adopts the general model of expected credit loss to deal with other receivables, evaluates its credit risk on each balance sheet date, and divides it into three stages to calculate the expected credit loss. The specific impairment method is as follows:
Stage I: credit risk has not increased significantly since initial recognition
For other receivables at this stage, the company measures the loss reserve according to the expected credit loss in the next 12 months.
Stage II: credit risk has increased significantly since initial recognition, but credit impairment has not occurred.
For other receivables at this stage, the company measures the loss reserve according to the expected credit loss of the whole duration of the other receivables.
Stage III: credit impairment after initial recognition
For other receivables at this stage, the company measures the loss reserve according to the expected credit loss of the whole duration of the other receivables.
(II) asset impairment loss
According to the calculation, the company accrued 92469549 yuan of asset impairment loss (loss expressed with "-"), including 7641166 yuan of inventory falling price loss and 84828383 yuan of contract asset impairment loss.
1. Recognition standard and withdrawal method of inventory falling price reserves
On the balance sheet date, inventories are measured at the lower of cost and net realizable value, and inventory falling price reserves are withdrawn according to the difference between the cost of a single inventory item and its net realizable value. Net realizable value refers to the amount of the estimated selling price of inventory minus the estimated cost to be incurred at the time of completion, estimated selling expenses and relevant taxes in daily activities. The inventories related to the product series with similar purposes or end uses and produced and sold in the same region, and it is difficult to distinguish them from other items of the product series for valuation, shall be accrued in combination; For the inventory with large quantity and low unit price, it shall be withdrawn according to the inventory category.
For the estimated loss of the contract, the estimated impairment provision shall be withdrawn on the balance sheet date according to the difference when the estimated total cost of the contract exceeds the estimated total revenue of the contract.
During the reporting period, the company made provision for inventory falling price reserves of 7641166 yuan according to the recognition standard and withdrawal method of inventory falling price reserves.
2. Recognition standard and accrual method of impairment loss of contract assets
For contract assets that do not contain major financing components, the company adopts the simplified model of expected credit loss, that is, the loss provision is always measured according to the amount equivalent to the expected credit loss in the whole duration. The increase or reversal of the loss provision is included in the current profit and loss as impairment loss or gain.
During the reporting period, the company accrued 84828383 yuan of contract asset impairment loss according to the recognition standard and accrual method of contract asset impairment loss.
3、 The impact of this provision for impairment loss on the company
The provision for impairment loss will increase the total profit of the company in 2021 by 1849016123 yuan. The provision for impairment loss has been audited and confirmed by Tianzhi International Certified Public Accountants (special general partnership).
It is hereby announced.
Yonker Environmental Protection Co.Ltd(300187) board of directors
April 23, 2022
