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How to offset the consolidated financial statements for impairment of fixed assets

In accordance with the So, in the preparation of consolidated financial statements, the scope of the parent company and consolidated subsidiaries as well as between their respective subsidiaries trading in fixed assets between each other off the matter, the corresponding impairment of fixed assets should be handled? This author has made a study: one off impairment of fixed assets involved in the three intrinsic value refers to the sale of fixed assets to net present value of estimated future cash flows of what the high value. 2, offsetting the former value (QV), the end of the internal offset unrealized profit (or loss) before the original financial statements of individual net fixed assets (ie, at cost - accumulated depreciation). 3, offset value (HV), the end of the internal offset unrealized profit (or loss) in consolidated financial statements after the net fixed assets (ie, at cost - accumulated depreciation). When the recoverable amount is less than the value of claims before (ie AV <QV) should be based on the difference between the provision for impairment of fixed assets. Second, impairment of fixed assets offset by the general principles of 1, the case is not offset by profits (ie, HV <QV): (1) when greater than the recoverable value of fixed assets prior to offsetting of the value (that is, HV <QV <AV), the original carrying amount of fixed assets are not impaired, just off the profits, does not affect the impairment of fixed assets. (2) When the recoverable value of the sector of fixed assets value and offset its offset between the former value (ie, HV <AV <QV), the original balance of book provision for impairment of fixed assets should be all offset. (3) When the recoverable value of fixed assets is less than the offset value (ie AV <HV <QV), the original carrying amount of impairment of fixed assets should be part of the offset. Offset the amount of QV-HV. 2, offset by unrealized losses on the case (ie, QV <HV =: (1) When the recoverable amount of fixed assets is less than the offset After the value (ie AV <QV <HV), the unrealized losses on impairment of fixed assets are not offset. (2) When the recoverable value of the sector of fixed assets before their value and offset between the value of offset (ie, QV <AV <HV), should provide compensation for impairment of fixed assets, the amount of compensation mentioned HV-AV. (3) When the recoverable value of fixed assets is greater than before the offset value (QV <HV <AV), only offset the unrealized losses do not affect the impairment of fixed assets. three instances of impairment of fixed assets offset Example 1, A Company (automobile manufacturer) for the B company (car rental company) the parent company, in December 1999, A company of 100 of its manufactured cars sold to B Company, sales income of 5,000 million cost 40 million yuan. B company cars into the management of fixed assets (residual value is 0, the depreciation period of 5 years, straight-line method of depreciation). (1) If the B end of car companies are not impaired (ie, HV <QV <AV). analysis: sum operations are offset by unrealized profit in the first case, simply offset by unrealized profit, does not affect the impairment of fixed assets, which offset entry is: by: Main business revenue 5000 credit: Cost of fixed assets 4000 1000 (2) If the B end of car companies impaired, the corresponding impairment of 500 million (HV <AV <QV). Analysis: At this point the recoverable value of fixed assets is 45 million yuan, profits are not eliminated in the first two kinds of circumstances, should the original book have been extracted for impairment of fixed assets, all wholesale, the offsetting entry is: by: Main business revenue 5000 Credit: Main Cost of fixed assets 4000 1000 by: impairment of fixed assets 500 credit: operating expenses 500 (3) If the B end of car companies place impairment, the corresponding impairment of 1500 million (ie AV <HV <QV =. Analysis: At this point the recoverable value of fixed assets 35 million yuan, profits are not offset in the third kinds of situations, should be extracted from the original book has been impairment of fixed assets to be partly offset, offset the amount of QV-HV, that is 10 million yuan (5000-4000), the offsetting entry is: by: Main business revenue 5000 lending: Cost of fixed assets 4000 1000 by: impairment of fixed assets 1000 Credit: Business expenses 1000 cases 2, A Company (automobile manufacturer) for the B company (car rental company) the parent company, in December 1999, A company of 100 of its manufactured cars sold to B Company, sales income of 5,000 yuan, the cost of 60 million yuan. B company cars into the management of fixed assets (residual value is 0, the depreciation period of 5 years, straight-line method of depreciation). (1) If the B end of car companies impaired, the corresponding impairment of 500 million (ie AV <QV <HV). Analysis: At this point the recoverable value of fixed assets 4,500 million, unrealized losses are offset by the first case, unrealized losses and impairment of fixed assets are not offset, just off of fixed assets transactions, the offsetting entry is: by: Main business revenue 5000 credit: Cost of 5000

(2) If the B end of car companies are not impaired, the recoverable value is 5500 million (ie QV < AV <HV). Analysis: At this point the recoverable value of fixed assets 55 million yuan, is offset by unrealized losses in the second case, compensation should be provided in the consolidated statements of impairment of fixed assets complement to mention the amount of HV-AV, ie 500 million (6000-5500), the offsetting entry is: by: Main business revenue 5000 fixed assets 1000 Loan: Cost of 6000 by: operating expenses 500 Credit: impairment of fixed assets 500 (3) If the B end of car companies did not occur impairment, the recoverable value of 6,500 million (QV <HV <AV). Analysis: At this point the recoverable value of the fixed assets of 6500 million and unrealized losses are offset in the third kinds of situations, simply offset the unrealized losses do not affect the impairment of fixed assets, the offsetting entry is: by: Main business revenue 5000 fixed assets 1000 Loan: Cost of 6000 IV on impairment of fixed assets offset the impact of subsequent of the above Example 1 (2), based on the company if the end of 2000 B The recoverable value of the 3,500 cars million, the net carrying amount of fixed assets 4,100 million (at cost 50 million yuan - accumulated depreciation 9,000,000 yuan [Note]), has made provision for impairment of fixed assets 6 million yuan. [Note]: B company cars carrying accrued depreciation period = (beginning at cost - accumulated depreciation at the beginning - the beginning impairment of fixed assets) / remaining useful life = (5000-0-500) / 5 = 900 (million) analysis: (1) In this case, the end of the recoverable value (AV) = 3500 million before the end of the period offset value (QV) = 4100 million (carrying amount of fixed assets of the company that is B net), while the final offset value (HV) can not be directly obtained, so the calculation should be offset (ie, consolidated statements) accrued depreciation period of fixed assets, fixed assets and then determine the final offset value (HV). offset the depreciation of fixed assets, accrued period = (beginning offset original value - beginning offset accumulated depreciation - beginning offset impairment of fixed assets) / remaining useful life = (4000 -0-0) / 5 = 800 (million) final offset value (HV) = 3200 million (4,000 million at cost - accumulated depreciation 8,000,000 yuan) (2) the transaction is not of fixed assets 10 million yuan profit impact of the current period should be offset, the wholesale entry is: by: Loan 1000 opening retained earnings : Fixed assets 1000 (3) as the last of the fixed assets of the unrealized profit on the impact of the depreciation period, in order to ensure that the offset (ie, consolidated statements) Depreciation of fixed assets of 800 million credit deal off before (the B Company of the original book) and offset (ie, consolidated statements) depreciation of fixed assets should be the difference between the current 100 million (900-800) set off, the offsetting entry is: by: accumulated depreciation 100 lending: Cost of 100 (4) Finally, impairment of fixed assets offset against the general principle. in this case HV <AV <QV, comply with the above offset by unrealized profit in the second case, B company carrying impairment of fixed assets should be fully offset by the balance of 6,000,000 yuan, and impairment of fixed assets offset by the beginning of the current period , the offsetting entry is: by: impairment of fixed assets 600 credit: operating expenses 100 [Note 1] opening retained earnings of 500 [2] [Note 1]: B should be rushed back to the company in 2000 operating expenses - impairment of fixed assets 100 million (500 million at the beginning of a final six million yuan). [ ],[The period offset, the offset must be calculated (ie, consolidated statements) of the accrued depreciation period of fixed assets, fixed assets to determine the 3 end of the profit (or loss) and its effect on the current depreciation, and then offset the impairment of fixed assets offset by the general principles.