ANNUAL REPORT 2024
TOGETHER IN BELIEF, LEADING IN INNOVATION
204
205
Short-term advances to suppliers
Other receivables
Ending balance
Beginning balance
Ending balance
Beginning balance
VND
VND
VND
VND
Due from other parties Nguyen Thi My Trinh
30,598,563,163 5,105,000,000 4,391,691,270 21,101,871,893
- - 18,595,854,717
Short-term Interest receivables from loan receivables (*) Interest income from term deposits Deposits
133,849,584,295
99,490,956,153
Xingzhao Viet Nam LTD. Other suppliers Due from related parties (Note 31)
38,806,559,791
47,465,864,469
18,595,854,717
3,990,411,000
3,290,081,440
572,018,498
398,940,400
Advances to employees Entrusted investment (**)
1,051,840,072
1,242,279,970
114,699,683,444 10,867,216,930
- -
31,170,581,661
18,994,795,117
TOTAL
Interest income from entrusted investment (**) Others
Loan receivables
63,981,750
35,971,548
177,762,376,908
277,092,053,954
TOTAL
Provision for other short-term doubtful receivables
Ending balance
Beginning balance
(40,155,170,325)
VND
VND
137,607,206,583
277,092,053,954
257,897,547,278
115,551,132,127
NET
Short-term Novareal Joint Stock Company (*) Others Long-term Novareal Joint Stock Company (*) TOTAL
256,547,547,278
114,021,132,127
In which: Due from other parties Due from a related party (Note 31) Long-term Entrusted investment (**) Interest income from entrusted investment (**) Deposits Interest receivables from loan receivables (*) Others
1,350,000,000
1,530,000,000
177,762,376,908
151,525,153,580 125,566,900,374
142,526,415,151
-
-
-
142,526,415,151
257,897,547,278
258,077,547,278
114,699,683,444 10,867,216,930 16,191,962,776
- -
(76,964,829,675)
Provision for doubtful loan receivables
16,740,446,020 5,681,532,440
180,932,717,603
258,077,547,278
NET
-
77,600,000
-
(*)
According to Resolution No. 01-2021/NQ-GAC dated 11 January 2021 of the Board of Directors, the Company signed the purchase option agreements with Novareal Joint Stock Company for real estates of the Novareal Phan Thiet project. According to the confirmation for Option Selection for the Buy Back Commitment Program with Novareal Joint Stock Company signed on 20 April 2023 and Liquidation agreements dated 11 October 2023, the Group continued to confirm not to exercise the real estate purchase option and will be fully refunded deposit amounts and relevant interests. Accordingly, the deposit principal is converted into loan receivables and earns interest. At the date of these consolidated financial statements, a portion of the loan receivables has become overdue and the Company is in the process of negotiate with Novareal regarding the collection plan for these loan receivables. According to the assessment of the Company's management, these loans receivable shows indicators of impairment and therefore the Company’s management has made provision for these receivables in accordance with relevant regulations.
141,836,463,150
22,421,978,460
TOTAL
In which: Due from other parties Due from a related party (Note 31)
16,269,562,776
22,421,978,460
125,566,900,374
-
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