山东海化: 山东海化资产减值准备管理制度

Core Points - The document outlines the asset impairment management system of Shandong Haihua Co., Ltd, aiming to enhance financial management and mitigate asset loss risks [1] - The system applies to the company and its subsidiaries, covering various asset types including financial assets, inventory, and long-term assets [2] Financial Asset Impairment - The company recognizes impairment losses for financial assets based on expected credit losses [2] - Expected credit losses are calculated as the present value of cash flow shortfalls, weighted by the risk of default [2][3] - Financial instruments are categorized into three stages based on credit risk changes, affecting the measurement of expected credit losses [3][4] Inventory Impairment - Inventory is measured at the lower of cost and net realizable value, with provisions made when costs exceed realizable values [6] - The net realizable value is determined based on estimated selling prices minus estimated costs and taxes [7] Long-term Asset Impairment - Long-term equity investments are assessed for impairment when their recoverable amount is less than their carrying value [7] - The recoverable amount is determined as the higher of fair value less costs to sell and the present value of expected future cash flows [8] Impairment Testing Procedures - The company conducts annual assessments of asset impairment, requiring detailed reports on any identified impairment indicators [10] - The financial center verifies the recoverable amounts and proposes impairment provisions for approval [10] Disclosure Requirements - The company must disclose impairment provisions or write-offs in accordance with relevant laws and regulations [17]