Impairment Losses - The company recognized impairment losses on other receivables amounting to approximately RMB 263,481,000 for the year ended December 31, 2023, which includes RMB 253,564,000 for receivables from third-party franchisees, suppliers, and customers [2]. - The impairment loss provision for secured other receivables was RMB 186,127,000 as of December 31, 2023, based on the expected credit loss model under IFRS 9 [4]. - The impairment loss provision for unsecured other receivables was RMB 339,448,000 as of December 31, 2023, reflecting a significant increase from RMB 272,011,000 as of December 31, 2022 [5][7]. - The total expected credit loss for third-party other receivables increased from RMB 272,011,000 to RMB 525,575,000 from December 31, 2022, to December 31, 2023 [7]. - The total book value of deposits as of December 31, 2023, was RMB 84,114,000, with an impairment loss provision of RMB 9,917,000 recognized [7]. Credit Loss Assessment - The company applied a simplified approach for impairment assessment of other receivables, using the lifetime expected loss model [2]. - The expected credit loss rate for receivables over two years old was adjusted to 27.98% due to guarantees provided by the former controlling shareholder [5]. - The expected credit loss rates for different aging categories were 11.33% for within one year, 45.96% for one to two years, and 27.98% for over two years [6]. - The company continues to evaluate the recoverability of its receivables and deposits, adjusting provisions as necessary based on current and future economic conditions [5]. Receivables Overview - The company’s total receivables from third parties amounted to RMB 1,663,882,000 as of December 31, 2023 [6].
迪信通(06188) - 2024 - 年度业绩