德昌電機控股(00179.HK)：預期將就商譽及其他無形資產減值約8億美元
格隆匯5月4日丨德昌電機控股(00179.HK)發佈公告，公司將於2020年5月13日公佈其截至2020年3月31日止十二個月的全年業績。在公佈該業績公告(以及在該財政年度經審核綜合賬目完成結算)前，公司預期將記錄一項就商譽及其他無形資產的減值支出約8億美元。減值支出是一項非現金項目，並不會對集團的現金流量、營運、流動資金及債務契約合規造成影響。然而，此項非現金支出將對期內所彙報的盈利帶來顯着影響，因此，集團預期截至2020年3月31日止財政年度將錄得虧損。
為阻止COVID-19疫情蔓延，歐洲及北美洲的汽車業務客户已關閉組裝廠房。德昌電機亦受這些遏制措施的影響，而關閉受影響地區的若干汽車零部件廠房。這些嚴峻和前所未有的措施將對營業額帶來顯着影響，尤其反映在截至2021年3月31日止年度的上半年。因情況仍然不明朗，管理層相信短期內高失業率將對可動用收入帶來不利影響。預期引伸的消費疲弱比新型冠狀病毒疫情引起的社會及經濟封鎖更為持久。儘管需求增長預期於中至長期將會恢復，全球疫情蔓延對集團若干業務分部造成的即時影響(特別是汽車業務)引致增長基礎需要重置，並且未來現金流量在逐漸改善前會下跌。
在2019年9月30日公司的未經審核綜合賬目中，業務的商譽為7.6億美元。該商譽來自集團多年來收購各項業務，反映德昌電機支付的收購價超出所收購業務的可識別淨資產的差額。按香港會計準則的規定，商譽減值檢討須至少每年進行一次。預測銷售增長、營業利潤率和集團的加權平均資本成本乃本評估的關鍵參數。倘商譽及其他無形資產的可收回金額低於其個別賬面值，公司則須記錄減值支出。
管理層就2020年3月31日的商譽及其他無形資產進行了初步評估。考慮到因COVID-19疫情引致的綜合影響，預期當前市場狀況復甦緩慢及集團的加權平均資本成本改變，商譽及若干其他無形資產的可收回金額低於其賬面值。因此，公司計劃記錄該減值支出，包括商譽減值估計約7.6億美元及其他無形資產減值估計約4000萬美元。此等金額仍待審核。
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