ANNUAL REPORT 2024
TOGETHER IN BELIEF, LEADING IN INNOVATION
230
231
Transactions with related parties
Deferred tax
List of related parties that have a controlling relationship with the Group and related parties that have signifi - cant transactions with the Group during the period and as at 31 December 2024 is as follows:
The following comprise the Group’s deferred tax assets recognized by the Group and the movements thereon during the year:
Related parties
Relationship
Consolidated balance sheet Beginning balance VND
Ending balance VND Beginning balance VND Consolidated income statement
Thang Loi Homes Joint Stock Company (“Thang Loi Homes”) NC Vietnam Investment Company Limited (“NC Vietnam Investment”) Whitlam Holding Pte. Ltd. Sumitomo Forestry (Singapore) Ltd. (“Sumitomo Singapore”) Trung Hieu Plywood Company Limited (“Trung Hieu Plywood”) Thao Nghia Thanh One-member Company Limited (“Thao Nghia Thanh”)
Ending balance VND
Associate
Provisions
34,159,740,505
7,630,837,520
26,528,902,985
2,191,880,936
Controlling shareholder
Profit from revenue with invoices issued but not yet qualified to be recognised Temporary differences when consolidate Provision for severance allowance Accrued expenses
Major shareholder
3,424,480,188
822,160,329
2,602,319,859
822,160,329
Major shareholder
(312,220,447)
(931,302,047)
619,081,600
(1,047,801,799)
Chairman’s family member is legal representative
858,060,417
812,169,041
45,891,376
254,905,208
Head of Board of Supervision’s family member is legal representative
2,268,318,391
2,663,185,223
(394,866,832)
(540,695,657)
Sumitomo Forestry Vietnam Company Limited (“Sumitomo Forestry Vietnam”)
Vice Chairman of Board of Directors is legal representative Member of Board of Directors is Deputy Executive Director Chairman of Board of Directors (“BOD”) Vice Chairman of BOD Member of BOD Member of BOD cum Deputy General Director Member of BOD Independence Member of BOD Independence Member of BOD Head of Board of Supervision (“BOS”)
Deferred tax asset Net deferred tax expense charged to consolidated income statement
40,398,379,054 10,997,050,066
VinaCapital Fund Management Joint Stock Company (“VinaCapital”) Mr Le Duc Nghia Mr Masao Kamibayashiyama Mr Nguyen Minh Tuan
29,401,328,988 1,680,449,017
Mr Le Thanh Phong
Ms Nguyen Thi Dieu Phuong Mr Phan Quoc Cong Ms Nguyen Thanh Quyen Ms Tran Thi Ngoc Tue Ms Nguyen Thi Thuy Trang Ms Mai Thi Phuong Thao Ms Vo Thi Ngoc Anh Ms Nguyen Thi Kim Thoa Ms Nguyen Thi Duyen Mr Ngo Tan Tri Ms Thieu Thi Ngoc Diem
Member of BOS Member of BOS General Director
Deputy General Director Deputy General Director Deputy General Director Chief Accountant
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