Securities code: Hainan Haiyao Co.Ltd(000566) securities abbreviation: Hainan Haiyao Co.Ltd(000566) Announcement No.: 2022033 Hainan Haiyao Co.Ltd(000566)
Announcement on the provision for asset impairment
The board of directors and all directors of the company guarantee that the contents of the announcement are true, accurate and complete without false records, misleading statements or major omissions.
1、 Overview of withdrawing asset impairment provision
In accordance with the accounting standards for business enterprises and the company's accounting policies and other relevant provisions, in order to truly reflect the company's asset value, financial status and operating results, the company checked, analyzed and evaluated the relevant assets in the consolidated statements as of December 31, 2021, sorted out and analyzed the impairment signs and tested the impairment of assets based on the principle of prudence, and made provision for impairment of assets that may have impairment losses.
The amount of provision for asset impairment in this year has been audited by Dahua Certified Public Accountants (special general partnership).
2、 Provision for asset impairment this time
(I) credit impairment loss
The company shall separately determine the credit loss of receivables and prepayments with significant single amount and credit impairment after initial recognition. When there is no sufficient evidence to evaluate the expected credit loss at a reasonable cost at the level of single financial instrument, the company refers to the experience of historical credit loss, combined with the current situation and the judgment of future economic conditions, divides the receivables and prepayments into several combinations according to the characteristics of credit risk, and calculates the expected credit loss on the basis of the combination.
In 2021, the company accrued credit impairment loss of 573181700 yuan according to the expected credit loss.
(II) inventory falling price reserves
The company shall conduct a comprehensive inventory of inventories at least at the end of each year. If it is found that there is an unrecoverable part of the inventory cost due to the damage of inventories, all or part of them are obsolete or the sales price is lower than the cost price, the inventory falling price reserves shall be accrued according to the unrecoverable part. Accrue by individual inventory, and accrue by category for inventory with large quantity and low unit price. Measure the cost and net realizable value (the net realizable value of the inventory is determined by the amount of the estimated selling price of the inventory minus the estimated cost to completion, the estimated selling expenses and relevant taxes). When the cost is higher than the net realizable value, the inventory falling price reserve is calculated according to the difference and included in the current profit and loss.
In 2021, the company's inventory provision for falling price was 5.3241 million yuan.
(III) provision for impairment of fixed assets
The company shall inspect the fixed assets item by item at least at the end of each year. If it is found that the recoverable amount may be lower than its book value due to the continuous decline of market price, obsolete technology, damage, long-term idleness and other reasons, the company shall hire a third-party evaluation agency to evaluate its recoverable amount. If the evaluated value is lower than its book value. The provision for impairment of individual fixed assets shall be withdrawn and included in the current profits and losses.
In 2021, the company made a provision for asset impairment of 565478 million yuan for fixed assets.
(IV) impairment loss of long-term equity investment
At the end of the year, the company conducted impairment test on the long-term equity investments with signs of impairment one by one, and hired a third-party evaluation institution to evaluate the long-term equity investment. If the recoverable amount is lower than its book value, the impairment provision shall be withdrawn according to the difference and included in the impairment loss.
In 2021, the company made a provision for impairment of 2599442 million yuan for long-term equity investment.
(V) provision for impairment of goodwill
The goodwill formed by business combination, regardless of whether there is any sign of impairment, shall be tested for impairment at least at the end of each year, and a third-party evaluation institution shall be hired to evaluate the recoverable amount of the asset group involved in the goodwill. The recoverable amount is determined according to the higher one between the net amount of the fair value of the asset group minus the disposal expenses and the present value of the expected future cash flow of the asset.
When the recoverable amount of the asset group is lower than its book value, the company will write down the book value of the asset group to the recoverable amount, and the written down amount shall be recognized as asset impairment loss and included in the current profit and loss, and the corresponding asset impairment provision shall be withdrawn at the same time. Once the asset impairment loss is recognized, it shall not be reversed in the subsequent accounting periods.
In 2021, the company made 526287 million yuan of provision for impairment of goodwill.
(VI) impairment of other equity instrument investments
According to the requirements of the new financial instrument standards, the company reconfirmed the fair value of other equity instrument investments on the reporting date. Determination method of fair value: if there is an active market for financial instruments, the company uses the quotation in the active market to determine its fair value. If the fair value of the company's financial instruments is not determined by using the active market technology. Valuation techniques include reference to the prices used in recent market transactions by parties familiar with the situation and willing to trade, reference to the current fair value of other financial instruments that are substantially the same, discounted cash flow method and option pricing model.
In 2021, the company's provision for impairment of other equity instrument investment was RMB 149212 million, which was included in other comprehensive income. 3、 The impact of the current provision for asset impairment on the company
This asset disposal and provision for asset impairment will affect the company's total profit of 9441454 million yuan and other comprehensive income of 149212 million yuan in 2021.
The company's provision for asset impairment this time complies with and complies with the provisions of the accounting standards for business enterprises and relevant accounting policies of the company. It is made based on the actual situation of relevant assets and the principle of prudence after asset impairment test. The basis for the provision for asset impairment is sufficient. After the provision for asset impairment is made, the financial statements of 2021 can more fairly reflect the company's financial status, asset value and operating results of 2021 as of December 31, 2021, which is reasonable.
It is hereby announced
Board of directors
April 27, 2002
