Impairment of goodwill to the new A-shares annual " minefield" News Channel _ _ _ China accounting perspective network is required accountants - CPA | Certified Tax | Accounting titles | Senior Accountant | Accounting practitioners

Over the past three years, due to Reorganization of the scale continue to hit a new high, Listed company The scale is increasing by nearly one time per year. Data show that, according to the three quarterly published 2016, 1653 listed companies generated a total of 926.2 billion yuan of goodwill; and three quarters of 2015, the corresponding figures were 1444 and 502.9 billion yuan. This means that the first three quarters of 2016, the goodwill of listed companies increased by 84.1% year on year, the size of goodwill may break through one trillion yuan. From the current 2016 annual results notice, there are several companies expect to mention impairment of goodwill will affect the performance. Look from the industry, non-silver , Medical and biological, automotive, media, computer information, national defense industry and other industries a greater amount of goodwill. From the plate to see, the 1653 companies in the small plates and Respectively, 510 and 360, together accounted for 53%. Which is worth about 387.2 billion yuan, accounting for 40.8%. As of the three quarterly report in 2016, Shanghai 546 companies total generated goodwill 395.4 billion yuan, accounting for up to 42.7%. From the perspective of changes in goodwill, Shares, Pudong Development , Tianmao And Bai Li Lian in the past year goodwill growth were more than 4 billion yuan, both with Complete related. Among them, the first three quarters of Ziguang shares more than 14 billion yuan, topped the list, mainly due to the completion of the acquisition of China three; Upon completion of the acquisition , Goodwill growth of nearly 7 billion yuan. The number of companies that generated goodwill from M & A activity was the largest, significantly higher than that of the main board and small board. In 2014, the number of companies with goodwill increased, but the companies with goodwill impairment A corresponding increase in the future may be a greater risk of goodwill impairment. 2016 three quarterly show, at least the first hotel, are wins electronic, Kay , Jinli Technology, Great Wall Television, * ST flowers, blue cursor and other seven companies goodwill scale over the current net , Also several times the same period net The This means that if the follow-up M & A asset earnings outlook is poor, the company has to mention Of the risk, and because the scale of goodwill so large, once the provision, the company's performance will have a great impact. According to domestic related Handling principles, goodwill need to be regularly tested and adjusted for accounting when the assets are acquired Can not achieve the expected, they need to set the impairment, directly offset the profits of the year. 2014, 2015, there are listed companies unfortunate hit goodwill holdings of the performance of face events. A well-known case is a blue cursor. There have been many acquisitions in the history of the company, resulting in a huge amount of goodwill. To the third quarter of 2015, the blue cursor has reached a good reputation of 5.088 billion yuan, goodwill has exceeded the total book value of the net assets of listed companies. At the beginning of 2016, the blue cursor in the 2015 performance notice prompted the company's acquisition of Bojie advertising provision of 790 million yuan of goodwill impairment, the company's performance in 2015 fell by 90%. At present, there are at least three Thai listed companies listed in the 2016 performance announcement, and the Company is expected to impose impairment on goodwill, which will affect the Company's performance and may even cause a loss. The 263 is currently the largest depreciation scale. The company's acquisition of the underlying profitability of different performance, which show the actual profitability of science and technology than expected, according to Provisions, may have Of the increase of $ 144 million included in the current profits and losses; but "Han Ping Division" and "VoIP business and IPTV business" two goodwill will be a total impairment of about 400 million yuan. It is expected that the company in 2016 will be a loss of 370 million -4 billion. But from another point of view, goodwill is essentially an accounting problem. Big profits after the merger will bring a greater performance risk to the company, some companies will be in the year without loss of the premise of a one-time provision of all possible risks of goodwill impairment , So that the company "one-time loss enough." In this way, while releasing the current risks, but also for the company's performance growth next year paved the way. Jiangnan Chemical is an example. The company expects 2016-year performance growth of 50% -80%, in addition to the main business growth, the provision of goodwill in 2015 impairment of 26.8 million yuan, no significant impairment of goodwill this year, thus achieving business growth. The blue cursor mentioned earlier is expected throughout the year 2016 To 750 million -8.5 billion yuan, an increase of 1008% -1156%. In addition to business growth and Benefit, the negative base of the goodwill in 2015 after the impairment of the low base, but also the company this year, the main reason for the surge in performance.