Annual Report 2021

105 年報 2021 ANNUAL REPORT INDEPENDENT AUDITOR’S REPORT 獨立核數師報告 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 Management grouped the assets of the Group at the lowest levels for which there are separately identifiable cash flows that are largely independent of the cash flows from other assets or groups of assets (Cash- Generating Units) and performed impairment assessments in respect of the two Cash-Generating Units of the steel cord segment identified using the value-in-use method. This involved significant judgement in determining the assumptions used in the calculations. The key assumptions included: 管理層將 貴集團的資產分為最低水準，其可單獨識別現金 流入，而這些資產大部分獨立於其他資產或資產組的現金流 入（現金產生單位）。管理層還分別運用使用價值法對鋼簾 線分部的兩個現金產生單位實施了減值測試。其中設計在確 定運算中使用的假設時的重大判斷。決定關鍵假設包括： • rate of annual increment for the steel cord price; 鋼簾線價格的年增長率； • rate of annual increment for the sales volume; and 銷售量的年增長率；及 • discount rates 貼現率 Based on management’s assessment, the recoverable amounts of relevant property, plant and equipment and land use rights exceeded their carrying amounts as at 31 December 2021. 根據管理層的評估，於二零二一年十二月三十一日並物 業、廠房及設備與土地使用權之可回收金額是超過其中賬 面值。 We evaluated and tested the key controls over the impairment assessments of property, plant and equipment and land use rights performed by management, including the selection of valuation method, determination of recoverable amounts and key assumptions made in the future cash flow forecasts. 我們評估和測試了管理層對物業、廠房和設備與土地 使用權的減值評估的關鍵控制措施，包括評估方法的 選擇、可收回金額的確定以及未來現金流量預測中的 關鍵假設。 We evaluated the composition of management’s future cash flow forecasts used in their value-in- use calculations, and the process by which they were prepared. We considered that the cash flow forecasts prepared by management were subject to oversight and review by the directors of the Company. 我們評估了管理層在使用價值計算中使用的未來現金 流量預測的構成，以及準備這些預測的過程。我們認 為管理層編製的現金流量預測受 貴公司董事的監督 和審查。 We involved our internal valuation expert in assessing the appropriateness and the consistency, of the methodologies used and key assumptions and estimates applied. 我們讓我們的內部評估專家評估所用方法的適當性和 一致性以及所應用的關鍵假設和估計。