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FINANCIAL INFORMATION

Annual financial statements
  Million
(*) VND/USD exchange rate of 21,000
 
VAS IFRS

INCOME STATEMENT 2012 2011 2012 2011
Figures in VND million Audited Audited Pro Forma* Pro Forma
Total Revenue 10,575,249 7,239,003 10,575,249 7,239,003
Less Sales Deduction (185,835) (182,154) (185,835) (182,154)
Net Sales 10,389,414 7,056,849 10,389,414 7,056,849
Cost of Goods Sold (6,178,926) (3,997,834) (6,178,926) (3,997,834)
Gross Profit 4,210,488 1,416,523 4,210,488 3,059,015
         
SG & A (2,052,650) (2,052,650) (1,884,811) (1,388,550)
Financial Income 809,824 1,185,206 809,824 1,185,206
Financial Expense (309,385) (347,725) (309,385) (347,725)
Net Operating Profit 2,658,277 2,479,973 2,826,116 2,507,946
         
Other Profit / (Expense) (168,043) -4,134 168,043 -4,134
Share of Profit in an Associate -337,798 392,733 325,709 960,006
Profit before Tax 2,488,522 2,868,572 3,319,868 3,463,818
         
Tax (525,930) (372,564) (536,427) (374,314)
Net Profit 1,962,592 2,496,008 2,783,441 3,089,504

(*)Pro forma are our unaudited financial numbers based on our audited results with adjustments made to reflect normalized earnings. These adjustments include (a) adding back the amortization of goodwill from the transfer of ownership in Techcombank for the financial year 2011 and 2012, assuming Masan Group held a 30.44% interest in Techcombank from January 1, 2011, (b) adding back the amortization of goodwill, tangible assets and intangible assets from the acquisition of Vinacafe© Bien Hoa JSC for the financial year 2011 and 2012, (c) adding back the amortization of goodwill and purchase price allocation from the acquisition of Vietnam-French Cattle Feed JSC (Proconco) for the financial year 2012.

Net profit is before removing minority interest.



CONSOLIDATED BALANCE SHEET 12/31/2012 12/31/2011
Figures in VND million Audited Audited
CURRENT ASSETS 9,221,223 12,541,434
Cash 5,718,717 9,573,593
Short-term Investment 1,840,500 1,222,500
Net Operating Receivables 120,922 192,531
Other Receivables 821,959 710,786
Inventories 563,855 612,845
Other Current Assets 155,270 229,179
     
LONG TERM ASSETS 29,478,033 21,031,185
Fixed Assets 17,728,751 11,287,505
Tangible Fixed Assets 1,547,311 879,199
Leasing Fixed Asset - 0
Intangible Fixed Asset 863,516 983,239
Construction in Progress 15,317,924 9,425,067
Investment in Real Estate    
Long-term Investments 11,313,619 9,321,085
Other Long-term Asset 435,663 422,595
TOTAL ASSETS 38,699,256 33,572,619
     
CURRENT LIABILITIES 4,748,364 3,625,783
Short-term Debt 1,793,384 2,032,397
Current Account Payables 973,856 422,772
Advance from Customers 14,490 7,994
Tax Payables 608,893 291,359
Payroll Payables 12,480 12,618
Accrued Expense 1,300,931 824,384
Other Payables 44,330 34,259
     
LONG TERM LIABILITIES 14,246,507 8,391,804
Long-term Debt 12,647,177 7,409,781
Other Long-term Liabilities 1,599,330 982,023
TOTAL LIABILITIES 18,994,871 12,017,587
     
EQUITY 13,883,837 15,875,652
Chartered Capital 6,872,801 5,152,723
Capital Surplus 7,999,167 2,166,136
Other Capital 1,721,824 10,462,804
Differences in Forex Revaluation -16,128 -16,066
Other Reserves -8,619,479 -6,569,981
Retained Earnings 5,925,652 4,680,036
     
MINORITY INTEREST 5,820,548 5,679,380
TOTAL RESOURCES 38,699,256 33,572,619

Audited Financial Statements