Securities code: Guangdong Enpack Packaging Co.Ltd(002846) securities abbreviation: Guangdong Enpack Packaging Co.Ltd(002846) Announcement No.: 2022035 bond Code: 128079 bond abbreviation: Yinglian convertible bond
Guangdong Enpack Packaging Co.Ltd(002846)
Announcement on the provision for asset impairment 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.
In accordance with the relevant provisions of self regulatory guidelines for listed companies of Shenzhen Stock Exchange No. 1 - standardized operation of listed companies on the main board, Guangdong Enpack Packaging Co.Ltd(002846) (hereinafter referred to as "the company") announces the specific conditions of the company's provision for asset impairment and write off of asset losses as follows in accordance with the accounting standards for business enterprises and relevant accounting policies of the company:
1、 Overview of provision for asset impairment
In order to truly reflect the company's financial situation and operating results, in accordance with the accounting standards for business enterprises, the company's accounting policies, accounting estimates and other relevant provisions, the company has conducted impairment tests on various assets within the scope of consolidated statements by the end of 2021, and made corresponding impairment reserves for assets with signs of impairment.
In 2021, the provision for credit impairment and asset impairment is proposed to be withdrawn, totaling RMB million. The details are as follows:
Accrued credit / asset impairment loss of the project (yuan)
Bad debt provision for accounts receivable 241552826
Inventory falling price reserves 429295545
Total 670848371
Note: accounts receivable include accounts receivable, notes receivable, other accounts receivable, etc.
2、 Description of the current provision for asset impairment
1. Bad debt provision for accounts receivable
For accounts receivable, whether they are receivables arising from the sale of products or the provision of services or contain significant financing components, the company always measures its loss reserves according to the amount equivalent to the expected credit loss in the whole duration. The increase or reversal amount of the loss reserves thus formed shall be included in the current profits and losses as impairment losses or gains.
Based on all reasonable and based information, including forward-looking information, the bad debt reserves of accounts receivable are combined within the scope of consolidation and analyzed by aging. The bad debt reserves of the combination within the scope of consolidation are not withdrawn, and the aging combination calculates its expected credit loss based on aging. If there is objective evidence indicating that a certain account receivable has suffered credit impairment, the company shall withdraw bad debt provision for the account receivable and recognize the expected credit loss. For other receivables, the company assumes that its credit risk has not increased significantly since initial recognition, and measures the loss provision according to the expected credit loss in the next 12 months. In addition to other receivables that individually assess credit risk, based on the characteristics of credit risk, they are divided into different aging combinations to calculate their expected credit loss.
According to the above accounting policies, the company made provision for bad debts of receivables of 241552826 yuan during the reporting period. 2. Inventory falling price reserves
The company's inventory is measured at the lower of cost and net realizable value, and the inventory falling price reserves are withdrawn according to the difference between inventory cost and net realizable value. For the inventories of finished products, goods in stock, materials for sale and other goods directly for sale, the company shall determine the net realizable value by deducting the estimated selling expenses and relevant taxes from the estimated selling price of the inventory in the normal process of production and operation; For the inventory of materials that need to be processed, in the normal production and operation process, the net realizable value is determined by the estimated selling price of the finished products minus the estimated cost to be incurred at the time of completion, estimated selling expenses and relevant taxes; The net realizable value of inventories held for the execution of sales contracts or labor contracts is calculated based on the contract price. If the quantity of inventories held is more than the quantity ordered in the sales contract, the net realizable value of excess inventories is calculated based on the general sales price.
At the end of the period, the company accrues inventory falling price reserves according to a single inventory item; However, for the inventory with large quantity and low unit price, the inventory falling price reserves shall be withdrawn according to the inventory category; If the inventories are related to the product series produced and sold in the same region, have the same or similar end use or purpose, and are difficult to be measured separately from other items, the inventory falling price reserves shall be accrued jointly.
Unless there is clear evidence that the market price on the balance sheet date is abnormal, the net realizable value of inventory items is determined based on the market price on the balance sheet date.
The net realizable value of the company's inventory items at the end of the current period is determined based on the market price on the balance sheet date. According to the above accounting policies, the company accrued inventory falling price reserves of 429295545 yuan during the reporting period.
3、 Explanation of the impact and rationality of the provision for asset impairment on the company
After taking into account the impairment of the parent company's net assets in 202041, the total amount of impairment loss of the parent company is about RMB 555910491, which is attributable to the owner's equity of the parent company. After taking into account the impairment of the parent company's net assets in 202041, the total amount of impairment loss is about RMB 555910491.
The procedures for withdrawing the provision for asset impairment comply with and comply with the relevant provisions of accounting standards, relevant policies and regulations, the principle of prudence, the actual situation of the company, and the basis is sufficient. After withdrawing, it can objectively, fairly and truly reflect the financial status, asset value and operating results of the company as of December 31, 2021, which is conducive to further consolidating the assets of the company and further enhancing the risk prevention ability of the enterprise, Ensure the sustainable development of the company, and there is no behavior damaging the interests of the company and shareholders.
4、 The company's review procedures for the provision for asset impairment this time
1. According to the accounting standards for business enterprises, the guidelines for self regulation and supervision of listed companies of Shenzhen Stock Exchange No. 1 - standardized operation of listed companies on the main board and the relevant provisions of the company's accounting policies, the provision for asset impairment and credit impairment need to fulfill the obligation of information disclosure and need not be submitted to the board of directors and the general meeting of shareholders for deliberation.
2. Opinions of the audit committee of the board of directors
The audit committee of the board of directors of the company believes that the provision for asset impairment to be accrued in 2021 complies with the provisions of the accounting standards for business enterprises and relevant accounting policies of the company, reflects the principle of accounting prudence, is fully based, fairly reflects the consolidated financial position of the company as of December 31, 2021 and the consolidated operating results of 2021, and is conducive to providing investors with more reliable accounting information.
It is hereby announced.
Guangdong Enpack Packaging Co.Ltd(002846) board of directors
April 25, 2002
