AN CUONG ANNUAL REPORTS 2024

ANNUAL REPORT 2024

TOGETHER IN BELIEF, LEADING IN INNOVATION

212

213

Intangible assets

Long-term investments

Land use rights VND

Software VND

Total VND

VND Ending balance

VND Beginning balance

Cost:

406,128,806,676

405,880,434,733

Investment in an associate

34,504,878,488 4,964,505,811 16,497,606,898 55,966,991,197

26,413,969,397 4,964,505,811 16,497,606,898 47,876,082,106

8,090,909,091 - - 8,090,909,091

Beginning balance New purchased Transfer from construction in progress Ending balance In which: Fully amortized Accumulated amortization: Beginning balance Amortization for the year Ending balance Net carrying amount: Beginning balance Ending balance In which: Mortgaged as loan security (Note 20)

119,200,000,000 525,080,434,733 -

119,200,000,000

Investment in another entity (*) TOTAL Provision for long-term investments

525,328,806,676 -

525,080,434,733

525,328,806,676

NET

The ending balance represented the investment in Thang Loi Group Real Estate Joint Stock Company with the cost of investment amounting to VND 119,200,000,000 equivalent to the ownership of 9.35%. During the year, Thang Loi Group Real Estate Joint Stock Company issued shares for other existing shareholders according to the Resolution of the General Meeting of Shareholders No. 08/2024/BB-HĐQT dated 24 May 2024 and No. 11/2024/NQ-HĐQT dated 18 June 2024, resulting a decrease of the equity interest and voting rights owned by the Company in Thang Loi Group Real Estate from 15.55% to 9.35%.

(*)

4,808,852,090

4,808,852,090

-

22,689,882,927 6,326,238,684 29,016,121,611

20,624,663,226 6,104,434,167 26,729,097,393

2,065,219,701 221,804,517 2,287,024,218

As at 31 December 2024 and 31 December 2023, the Group had not determined the fair value of the investment in another entity to disclose in the consolidated financial statement because they do not have listed prices. The fair value of such investments may be different from their book value.

11,814,995,561

5,789,306,171

6,025,689,390

26,950,869,586

21,146,984,713

5,803,884,873

VND

Details of the investment in an associate is as follows: Cost: Beginning balance and ending balance Accumulated share in post-acquisition profit of associate: Beginning balance Share in profit of associate for the year

5,803,884,873

-

5,803,884,873

396,031,200,000

Construction in progress

9,849,234,733 248,371,943

10,097,606,676

Ending balance Net carrying amount: Beginning balance Ending balance

2,018,494,767 555,465,748 474,041,655 - - 3,048,002,170 VND Ending balance

18,628,673,191 939,191,330 729,289,463 669,033,636 575,858,282 21,542,045,902 VND Beginning balance

Software Machinery and equipment Office renovation Factory construction Others

405,880,434,733 406,128,806,676

TOTAL

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