Securities code: Tongyu Communication Inc(002792) securities abbreviation: Tongyu Communication Inc(002792) Announcement No.: 2022020 Tongyu Communication Inc(002792)
Announcement on the provision for asset impairment and write off of assets in 2021
The company and all members of the board of directors guarantee that the contents of the announcement are true, accurate and complete, and are liable for false records, misleading statements or major omissions in the announcement.
Tongyu Communication Inc(002792) (hereinafter referred to as "the company") held the 14th meeting of the 4th board of directors and the 13th meeting of the 4th board of supervisors on April 27, 2022, deliberated and adopted the proposal on withdrawing provision for asset impairment and write off of assets in 2021. According to the relevant provisions of the stock Listing Rules of Shenzhen Stock Exchange (revised in 2022), The company's provision for asset impairment and write off of assets are hereby announced as follows.
1、 Overview of provision for asset impairment and write off of assets
(I) provision for asset impairment
According to the accounting standards for business enterprises, the stock listing rules of Shenzhen Stock Exchange (revised in 2022) and the relevant provisions of the company's current accounting policies, in order to more truly and accurately reflect the company's asset status and financial status as of December 31, 2021, the company and its subsidiaries have checked, analyzed and evaluated all kinds of assets based on the principle of prudence The impairment reserves are accrued for the assets subject to asset impairment. After investigation and evidence collection, the assets that meet the recognition conditions for financial write off shall be written off. The specific conditions are as follows:
Unit: 10000 yuan
The amount at the beginning of the year of category items is withdrawn, reversed or written off in the current year, and the change of exchange rate affects the amount at the end of the year
Bad debt provision for credit impairment loss receivables 515751 480.55 67.32 -36.13553460
Inventory falling price reserves 448319241984110350 -3.59579595
Asset impairment loss fixed asset impairment provision 61.55 61.55
Provision for impairment of goodwill 474.82
Total 970225337521117082 -39.721186692
Note: the reporting period for the provision for asset impairment is from January 1, 2021 to December 31, 2021.
(II) write off of assets
In accordance with the relevant provisions of the accounting standards for business enterprises and the company's accounting policies, in order to truly reflect the company's financial situation and asset value, some uncollectible accounts receivable of the company are written off. The provision for bad debts of receivables written off this time is 0 million yuan.
2、 Specific description of the provision for impairment of assets and write off of assets
(I) description of provision for asset impairment
1. Accounts receivable
According to the accounting standards for business enterprises and relevant accounting policies of the company, the company evaluates the expected credit loss of accounts receivable. In this year, the bad debt provision of accounts receivable is 4.8055 million yuan, and the bad debt provision is reversed by 673200 yuan.
2. Inventory falling price reserves
On the balance sheet date, inventories are valued according to the principle of the lower of cost and net realizable value. For the part of the inventory whose cost is expected to be irrecoverable due to damage, obsolescence in whole or in part, or the sales price is lower than the cost, the inventory falling price reserve is withdrawn. The inventory falling price reserves of inventory commodities and bulk raw materials shall be withdrawn according to the difference between the cost of a single inventory item and its net realizable value; For other raw and auxiliary materials with large quantity and low unit price, the inventory falling price reserves shall be withdrawn by category.
The company conducted corresponding impairment test on the inventory as of December 31, 2021, and made provision for inventory falling price of 241984 million yuan this year.
3. Provision for impairment of fixed assets
The company checks the fixed assets item by item. If the recoverable amount of fixed assets is lower than its book value due to the continuous decline of market price, obsolete technology, damage, long-term idleness and other reasons, the provision for impairment of fixed assets shall be made according to the difference. Once the impairment loss of fixed assets is recognized, it shall not be reversed in subsequent accounting periods. The recoverable amount is determined according to the higher one between the net amount of the fair value of the asset minus the disposal expenses and the present value of the expected future cash flow of the asset. The present value of the future cash flow of the asset is determined according to the expected future cash flow generated during the continuous use and final disposal of the asset, and the appropriate discount rate is selected to discount the amount.
It is estimated that the company has made an impairment provision of 0 million yuan for some fixed assets.
4. Provision for impairment of goodwill
The recognition standard and accrual method of the company's goodwill impairment provision are as follows: the company conducts impairment test on the asset group or combination of asset groups containing overall goodwill, calculates the present value (recoverable amount) of the expected future cash flow of the asset group or combination of asset groups, and compares it with the fair value of the asset group or combination of asset groups. If the recoverable amount of relevant asset group or combination of asset groups is lower than its fair value, Impairment is recognized for the difference.
It is estimated that the amount of goodwill impairment accrued by the company this time is 4.7482 million yuan.
(II) description of asset write off
As of December 31, 2021, the company and its subsidiaries have written off the bad debts of receivables of RMB million, and the bad debt reserves have been fully withdrawn.
3、 Explanation of the rationality of the provision for asset impairment and write off of assets and the impact of the company
(I) rationality description
The provision for asset impairment and write off assets to be withdrawn this time comply with the provisions of the accounting standards for business enterprises and relevant accounting policies of the company, comply with the actual situation of the company, reflect the principle of accounting prudence, fully, truly and fairly reflect the consolidated financial status of the company as of December 31, 2021 and the consolidated operating results of 2021, and help to provide investors with more reliable accounting information.
(II) impact on the company
The total amount of credit impairment loss and asset impairment loss accrued this time is 330788 million yuan, reducing the total profit of the company's consolidated statements in 2021 by 330788 million yuan.
The write off and provision for impairment have been audited by an accounting firm.
4、 Notes of the audit committee of the board of directors on the company's provision for asset impairment and write off of assets
After reviewing the proposal on the provision for asset impairment, the audit committee of the board of directors of the company believes that the provision for asset impairment of the company this time complies with the provisions of the accounting standards for business enterprises and relevant accounting policies of the company, which is made based on the principle of prudence after the asset impairment test, and the basis is sufficient. After the provision for asset impairment is made, the company's 2021 financial statements can more fairly reflect the company's financial status, asset value and operating results as of December 31, 2021, making the company's accounting information more reasonable. Therefore, it is agreed that the company's current provision for asset impairment should refer to the write off of assets.
5、 Independent opinions of independent directors on the provision for asset impairment and write off of assets
The independent directors believe that the provision for asset impairment of the company this time complies with the provisions of the accounting standards for business enterprises and relevant accounting policies of the company, and the review procedure is legal and based on sufficient basis. After the provision for asset impairment is made, the financial statements can more fairly reflect the company's financial status and operating results, which is in line with the overall interests of the company and does not damage the interests of the company and minority shareholders. The independent directors of the company unanimously agreed to withdraw the provision for asset impairment and write off assets this time.
6、 Notes of the board of supervisors on the company's provision for asset impairment and write off of assets
The board of supervisors considered that the decision-making procedure of the company's board of directors to consider the provision for asset impairment was legal, the provision was in line with the relevant provisions of the accounting standards for business enterprises and the actual situation of the company, the provision could more fairly reflect the company's asset status as of December 31, 2021, and agreed to the provision for asset impairment and write off of assets. 7、 Documents for future reference
1. Resolutions of the 14th meeting of the 4th board of directors of the company;
2. Resolutions of the 13th meeting of the 4th board of supervisors of the company;
3. Independent opinions of independent directors on the 14th meeting of the Fourth Board of directors.
It is hereby announced.
Tongyu Communication Inc(002792) board of directors April 28, 2002
