ANNUAL REPORT 2024
TOGETHER IN BELIEF, LEADING IN INNOVATION
202
203
Cash
The carrying amount of deferred tax assets is reviewed at each balance sheet date and reduced to the extent that it is no longer probable that sufficient taxable profit will be available to allow all or part of the deferred income tax asset to be utilized. Previously unrecognized deferred tax assets are re-assessed at each balance sheet date and are recognized to the extent that it has become probable that future taxable profit will allow the deferred tax assets to be recovered. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the year when the asset is realized or the liability is settled based on tax rates and tax laws that have been enacted at the balance sheet date. Deferred tax is charged or credited to the consolidated income statement, except when it relates to items recognized directly to equity, in which case the deferred tax is also dealt with in the equity account. Deferred tax assets and liabilities are offset when there is a legally enforceable right for the Group to off-set current tax assets against current tax liabilities and when they relate to income taxes levied on the same taxable entity by the same taxation authority on:
Ending balance
Beginning balance
VND
VND
1,006,511,44 5
4 50 ,061,516
Cash on hand
154,323,106,7 30
66,432,2 00,002
Cash in banks
155,329,618,175
66,882,261,518
TOTAL
Held-to-maturity investments
The Group pledged its short-term deposits with carrying value of VND 265,000,000,000 as collateral for bank loans (Note 20).
Short-term held-to-maturity investments represented the term deposits at commercial banks with original terms of more than three (3) months and the remaining terms of not more than twelve (12) months from the balance sheet date and earning interests at rates ranging from 4.2% to 6.4% p.a. Long-term held-to-maturity investments represented the term deposits at commercial banks with remaining terms of more than twelve (12) months from the balance sheet date and earn interests at rate of 6.4% p.a.
E ither the same taxable entity; or
W hen the Company intends either to settle current tax liabilities and assets on a net basis or to realize the assets and to settle the liabilities simultaneously, in each future period in which significant amounts of deferred tax liabilities or assets are expected to be settled or recovered.
Short-term trade receivables
Ending balance
Beginning balance
VND
VND
Due from other parties Ai Linh Trading and Export Import JSC Ai Linh Bac Ninh Limited Company Hung Thinh Furniture JSC Others Due from related parties (Note 31) TOTAL Provision for short-term doubtful trade receivables NET
645,512,045,001
717,407,430,888
137,117,514,233
151,251,590,399
Related parties
Parties are considered to be related parties of the Group if one party has the ability to, directly or indirectly, control the other party or exercise significant influence over the other party in making financial and operating decisions, or when the Group and other party are under common control or under common significant influence. Related parties can be enterprises or individuals, including close members of their families.
59,927,294,257
-
47,936,778,136
77,902,199,414
400,530,458,375
488,253,641,075
21,701,400,641
6,388,053,819
667,213,445,642
723,795,484,707
(85,358,693,073)
(57,118,073,641)
Segment information
A segment is a component determined separately by the Group which is engaged in providing products or related services (business segment) or providing products or services in a particular economic environment (geographical segment), that is subject to risks and returns that are different from those of other segments.
581,854,752,569
666,677,411,066
The Group pledged its short-term trade receivables with amount of VND 503,000,000,000 as collateral for bank loans (Note 20).
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