德昌电机控股(00179.HK)：预期将就商誉及其他无形资产减值约8亿美元
格隆汇5月4日丨德昌电机控股(00179.HK)发布公告，公司将于2020年5月13日公布其截至2020年3月31日止十二个月的全年业绩。在公布该业绩公告(以及在该财政年度经审核综合账目完成结算)前，公司预期将记录一项就商誉及其他无形资产的减值支出约8亿美元。减值支出是一项非现金项目，并不会对集团的现金流量、营运、流动资金及债务契约合规造成影响。然而，此项非现金支出将对期内所汇报的盈利带来显着影响，因此，集团预期截至2020年3月31日止财政年度将录得亏损。
为阻止COVID-19疫情蔓延，欧洲及北美洲的汽车业务客户已关闭组装厂房。德昌电机亦受这些遏制措施的影响，而关闭受影响地区的若干汽车零部件厂房。这些严峻和前所未有的措施将对营业额带来显着影响，尤其反映在截至2021年3月31日止年度的上半年。因情况仍然不明朗，管理层相信短期内高失业率将对可动用收入带来不利影响。预期引伸的消费疲弱比新型冠状病毒疫情引起的社会及经济封锁更为持久。尽管需求增长预期于中至长期将会恢复，全球疫情蔓延对集团若干业务分部造成的即时影响(特别是汽车业务)引致增长基础需要重置，并且未来现金流量在逐渐改善前会下跌。
在2019年9月30日公司的未经审核综合账目中，业务的商誉为7.6亿美元。该商誉来自集团多年来收购各项业务，反映德昌电机支付的收购价超出所收购业务的可识别净资产的差额。按香港会计准则的规定，商誉减值检讨须至少每年进行一次。预测销售增长、营业利润率和集团的加权平均资本成本乃本评估的关键参数。倘商誉及其他无形资产的可收回金额低于其个别账面值，公司则须记录减值支出。
管理层就2020年3月31日的商誉及其他无形资产进行了初步评估。考虑到因COVID-19疫情引致的综合影响，预期当前市场状况复苏缓慢及集团的加权平均资本成本改变，商誉及若干其他无形资产的可收回金额低于其账面值。因此，公司计划记录该减值支出，包括商誉减值估计约7.6亿美元及其他无形资产减值估计约4000万美元。此等金额仍待审核。
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