Annual Report 2020

INDEPENDENT AUDITOR’S REPORT 獨立核數師報告 114 SHOUGANG CONCORD CENTURY HOLDINGS LIMITED 首長寶佳集團有限公司 Key Audit Matter How our audit addressed the Key Audit Matter 關鍵審計事項 我們的審計如何處理關鍵審計事項 (1) Impairment assessments of property, plant and equipment and land use rights (1) 物業、廠房及設備與土地使用權減值評估 Refer to Note 4(b), Note 17 and Note 20 to the consolidated financial statements 請參閱綜合財務報表附註 4(b) 、附註 17 及附註 20 As at 31 December 2020, the Group owned certain property, plant and equipment and land use rights amounting to HK$1,161,184,000, and HK$146,047,000, respectively, which relate to the steel cord segment. 於二零二零年十二月三十一日， 貴集團擁有物業、廠房 及設備與土地使用權分別為港幣 1,161,184,000 元及港幣 146,047,000 元，其與鋼簾線分部有關。 Taking into considerations the results of the steel cord segment for the year ended 31 December 2020 as well as a comparison between the Group’s market capitalisation and its net assets value, management identified impairment indicators existed for the relevant property, plant and equipment and land use rights. 根據截至二零二零年十二月三十一日止年度鋼簾線分部的 運營結果以及比較 貴集團之市值和其淨資產值，管理層 確定了物業、廠房及設備與土地使用權的減值指標。 Our procedures in relation to management’s impairment assessments of property, plant and equipment and land use rights included the following: 我們對有關管理層評估物業、廠房及設備與土地使用 權減值之審計程序包括： We obtained an understanding of the management’s internal control and assessment process of impairment assessments of property, plant and equipment and land use rights and assessed the inherent risk of material misstatement by considering the degree of estimation uncertainty and level of other inherent risk factors such as complexity, subjectivity, changes and susceptibility to management bias or fraud. 我們了解了管理層評估物業、廠房及設備與土地使用 權減值的內部控制和評估過程，並通過考慮估計不確 定性的程度和其他內在風險因素（例如複雜性、主觀 性、變更及對管理偏見或欺詐的敏感性）的程度來評 估重大錯誤陳述的內在風險。