Securities code: Xuzhou Handler Special Vehicle Co.Ltd(300201) securities abbreviation: Xuzhou Handler Special Vehicle Co.Ltd(300201) Announcement No.: 2022013
Xuzhou Handler Special Vehicle Co.Ltd(300201)
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 and misleading
Statements or material omissions.
1、 Overview of the provision for asset impairment this time
1. Reasons for withdrawing asset impairment provision this time
Xuzhou Handler Special Vehicle Co.Ltd(300201) (hereinafter referred to as "the company") in accordance with the accounting standards for business enterprises and Shenzhen
Shenzhen Stock Exchange self regulatory guidelines for listed companies No. 2 - standardized operation of companies listed on GEM and company accounting policies
And other relevant regulations to truly and accurately reflect the financial status, asset value and operation of the company as of December 31, 2021
Results: Based on the principle of prudence, the relevant assets within the scope of the company's consolidated financial statements as of December 31, 2021 are calculated
Make corresponding provision for impairment, including credit impairment and asset impairment.
2. Asset scope and total amount of the current provision for asset impairment
The company and its subsidiaries conducted a comprehensive assessment of assets with possible signs of impairment as of December 31, 2021
After the inventory and asset impairment test, the provision for credit impairment of 9607261422 yuan and the provision for asset impairment of 9607261422 yuan were withdrawn in 2021
The value reserve is 9496199384 yuan. Details are as follows:
Project: withdrawn in January 1, 2021, written off other changes in the current year, and transferred back from the balance on December 31, 2021
Bad debt provision - notes receivable 121774461314501825322464
Bad debt provision - accounts receivable 3972157995641691405699800000 -365561421657324778360
Bad debt provision - long term receivables
Provision for impairment of receivables 421076268 -33797208983104179
Bad debt provision - other receivables
Model 31662727635467656501804097852916674907793
Subtotal of provision for credit impairment 4332110643393119699999800000 -2851516363624108112796
Goodwill impairment provision 28821032970 -2877046426550568705
Inventory falling price reserves 614266035414797196431537377724 - 20999861223985016151
Provision for impairment of fixed assets 30647112822253749050 -810962232 0.00
Other non current assets minus 0.004150005 Bohai Leasing Co.Ltd(000415) 0005000 value loss impairment of long-term equity investment
Loss 0.0039432331203943233120
Subtotal of provision for asset impairment 3802840460695729577633791126774 -3168141261912128822976
Note: 1. The reporting period for the provision for credit impairment and the provision for asset impairment is from January 1, 2021 to December 31, 2021.
2. Bad debt provision - the provision for impairment of long-term receivables (including the provision for impairment of non current assets due within one year) is an installment sales business.
3. Other changes are mainly caused by the disposal of subsidiaries lianshuo technology and Juneng Weiye during the reporting period.
2、 The recognition standard and withdrawal method of the provision for asset impairment this time
1. Recognition standard and withdrawal method of bad debt provision for notes receivable
The company does not include major financing components (including according to the accounting standards for Business Enterprises No. 14 - income)
The standard does not take into account the accounts receivable of the financing component in the contract not exceeding one year, and adopts the simplification of expected credit loss
Model, that is, the loss reserve is always measured according to the amount of expected credit loss in the whole duration, resulting in the loss reserve
The increased or reversed amount shall be included in the current profit and loss as impairment loss or gain.
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 evaluates notes receivable individually or in combination
Estimated expected credit losses.
Basis of portfolio determination and method of measuring expected credit loss
The method of measuring expected credit loss of bank acceptance bill refers to the experience of historical credit loss, combined with
The previous situation and the prediction of future economic conditions are determined by default risk exposure and
Calculate the expected credit loss rate throughout the duration and consider the aging of bills
Commercial acceptance bill
Credit loss
Credit risk characteristics
If the single amount is significant and the impairment test is conducted separately, if there is considerable evidence that the bill has been impaired,
The bad debt provision for individual withdrawal shall be withdrawn according to the difference between the present value of the estimated future cash flow and its book value
The provision method shall be recorded into the current profit and loss.
2. Recognition standard and withdrawal method of bad debt provision for accounts receivable
The company does not include major financing components (including according to the accounting standards for Business Enterprises No. 14 - income)
The standard does not take into account the accounts receivable of the financing component in the contract not exceeding one year, and adopts the simplification of expected credit loss
Model, that is, the loss reserve is always measured according to the amount of expected credit loss in the whole duration, resulting in the loss reserve
The increased or reversed amount shall be included in the current profit and loss as impairment loss or gain.
The provision for loss shall be measured according to the amount of expected credit loss in the whole duration.
Simplified model of expected credit loss: the loss reserve is always measured according to the amount of expected credit loss in the whole duration. The company considers all reasonable and based information, including forward-looking information, and estimates the expected credit loss of accounts receivable in a single or combined manner.
Basis of portfolio determination and method of measuring expected credit loss
The method of measuring expected credit loss refers to the experience of historical credit loss, combined with the current situation and the prediction of future economic conditions, through the aging combination of default risk exposure
And the expected credit loss rate for the whole duration, and considering the credit risk characteristics of accounts receivable, calculate the expected credit loss
If there is considerable evidence that the bill has been reduced, the bad debt provision shall be withdrawn according to the difference between the present value of the estimated future cash flow and its book value, and included in the current profit and loss.
3. 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. With reference to the experience of historical credit losses, combined with the current situation and the prediction of future economic conditions, and considering all reasonable and based information, including forward-looking information, estimate the expected credit losses of other receivables in a single or combined manner.
4. Recognition and withdrawal of goodwill impairment provision
For the goodwill separately listed in the financial statements, the book value of the goodwill shall be apportioned to the asset group or combination of asset groups expected to benefit from the synergy of business combination during the impairment test. If the test results show that the recoverable amount of the asset group or combination of asset groups containing the amortized goodwill is lower than its book value, the corresponding impairment loss shall be recognized. The amount of impairment loss shall first offset the book value of the goodwill allocated to the asset group or asset group combination, and then offset the book value of other assets in proportion according to the proportion of the book value of other assets other than goodwill in the asset group or asset group combination.
5. 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 and the net realizable value. For the inventory directly used for sale, its net realizable value shall be determined by the amount of the estimated selling price of the inventory minus the estimated selling expenses and relevant taxes in the normal production and operation process; For inventories that need to be processed, the net realizable value is determined by the estimated selling price of finished products minus the estimated cost to be incurred at the time of completion, estimated selling expenses and relevant taxes in the normal process of production and operation; On the balance sheet date, if there is a contract price agreement for one part of the same inventory and there is no contract price for other parts, the net realizable value shall be determined respectively, and compared with its corresponding cost to determine the amount of inventory falling price reserves withdrawn or reversed respectively.
6. Impairment test method and impairment provision method of fixed assets
The company judges whether there is any sign of impairment for fixed assets on the balance sheet date. If there are signs of impairment, the recoverable amount shall be estimated and impairment test shall be conducted. Goodwill, intangible assets with uncertain service life and intangible assets that have not yet reached the usable state shall be subject to impairment test every year regardless of whether there are signs of impairment.
If the impairment test results show that the recoverable amount of the asset is lower than its book value, the impairment provision shall be withdrawn according to the difference and included in the impairment loss. The recoverable amount is 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 fair value of assets is determined according to the price of sales agreement in fair transaction; If there is no sales agreement but there is an active asset market, the fair value shall be determined according to the buyer's bid of the asset; If there is no sales agreement and an active asset market, the fair value of the asset is estimated based on the best available information. Disposal expenses include legal expenses related to the disposal of assets, relevant taxes, handling expenses and direct expenses incurred to make the assets marketable. Asset pre
