亚证地产(00271) - 2021 Q4 - 年度财报

Financial Performance - The company reported an increase in losses for the year ended December 31, 2021, with impairment losses on receivables and interest amounting to HKD 74,370,000[2] - The estimated credit loss and corresponding impairment were based on an independent appraiser's evaluation, with an average loss rate of 77.7%[2] Recovery Rates - The average recovery rate for subordinate bonds, as published by a reputable credit rating agency, was 22.3%[2]