ANNUAL REPORT 2024
TOGETHER IN BELIEF, LEADING IN INNOVATION
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233
Terms and conditions of transactions with related parties
Amounts due from related parties at the balance sheet date were as follows:
Related party transactions include all transactions undertaken with other companies and individuals to which the Group is related, either through the investor, investee relationship or because they share a common investor and thus are considered to be a part of the same corporate company. Sales and purchases to/from related parties are made on the basis of negotiated contracts. Outstanding balances at the year-end are unsecured and settlement is expected to occur in cash.
VND Ending balance
VND Beginning balance
Related parties
Transaction
Short-term trade receivables Thang Loi Homes Trung Hieu Plywood Vo Thi Ngoc Anh
14,189,386,144 6,876,987,264 635,027,233 21,701,400,641
-
Sale of goods and services Sale of goods and services Sale of goods and services
5,715,974,205 672,079,614 6,388,053,819
Significant transactions of the Group with its related parties in the current and previous years were as follows:
VND Current year
VND Previous year
Related parties
Transaction
Short-term advances to suppliers
120,741,110,400
127,607,575,800
NC Vietnam Investment
Dividends declared
Other receivables Thao Nghia Thanh
Purchase of goods and services
572,018,498
398,940,400
Sumitomo Singapore Ltd
47,314,910,400 11,339,399,080 43,587,835,200 42,836,123,250 18,909,000 29,616,857,600 13,690,069,816 9,643,036,270
50,005,673,300 10,002,959,700 46,066,647,900 37,918,620,898 - 31,283,185,200 15,460,839,828 1,559,639,583
Dividends declared Purchase of goods and services Dividends declared Sale of goods and services Purchase of goods and services Dividends declared Sale of goods and services Purchase of goods and services
VinaCapital
114,699,683,444 10,867,216,930
114,699,683,444 10,867,216,930
Entrusted investment Interest income from entrusted investment
Whitlam Holding Pte. Ltd Trung Hieu Plywood
125,566,900,374
125,566,900,374
Other shareholders Thang Loi Homes Thao Nghia Thanh
Amounts due to related parties at the balance sheet date were as follows:
Sale of fixed assets
-
VND Ending balance
VND Beginning balance
Related parties
Transaction
Sumitomo Vietnam
Purchase of goods and services Sale of goods and services Sale of goods and services
1,775,206,624 19,156,858 32,732,832
2,154,107,591
Short-term trade payables Thao Nghia Thanh Sumitomo Singapore Sumitomo Vietnam
-
Vo Thi Ngoc Anh
Purchase of goods and services Purchase of goods and services Purchase of goods and services
1,516,282,100 2,491,135,553
1,384,016,932 2,517,255,884 570,138,940 4,471,411,756
Collect of deposit Collect of deposit
-
3,417,300,000 5,900,700,000
Nguyen Thi Kim Thoa
-
-
4,007,417,653
Short-term accrued expense VinaCapital Other short-term payables Other shareholders
Based-investment-performance fees
6,000,000,000 6,000,000,000
Dividend payable
685,941,900
551,791,500
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