ANNUAL REPORT 2024
TOGETHER IN BELIEF, LEADING IN INNOVATION
234
235
Operating lease commitments The Group leases the offices, machinery and equipment, ground and land under operating leases. The minimum lease commitments as at the balance sheet date under the operating lease arrangements are as follows:
Transactions with other related parties Salary to members of the Board of Management and remuneration to members of the Board of Directors and Board of Supervision:
VND Ending balance 52,438,829,342 95,608,693,919 381,156,295
VND Beginning balance
VND Current year
VND Previous year 4,700,000,000 - - - - - -
Board of Directors
Title
48,953,793,657 146,405,426,749 2,404,889,230 148,428,679,556 197,764,109,636
6,520,300,000 - - - - - -
Less than 1 year From 1 year to 5 years More than 5 years
Chairman Vice Chairman
Mr Le Duc Nghia Mr Masao Kamibayashiyama Mr Nguyen Minh Tuan Mr Le Thanh Phong Ms Nguyen Thi Dieu Phuong Mr Phan Quoc Cong Mr Nguyen Thanh Quyen
Member Member Member
TOTAL
Independent member Independent member
Segment information
VND Current year - 506,000,000 -
VND Previous year
Board of Supervision
Title
Business segment information is primarily segment reporting of the Group. Its business is manufacturing and trading wooden household, industrial wooden items, artificial boards, interior decoration, kitchen equipment, and other wooden related products and they are the main activities to earn revenue and gain profit for the Group, whereas other incomes account for a small proportion in total revenue of the Group, therefore, the Board of Management of the Group assumed that the Group is in one business activity segment, only. The primary segment reporting format is determined to be business segments as the Group’s risks and rates of return are affected predominantly by differences in the products and services produced. Secondary information is reported geographically. The operating businesses are organized and managed separately according to different markets. The Group’s geographically segments comprise Domestic and Oversea. The following tables present revenue, profit and certain asset information regarding the Group’s geographical segments:
Business activity segments
- - -
Head Member Member
Ms Tran Thi Ngoc Tue Ms Nguyen Thi Thuy Trang Ms Mai Thi Phuong Thao
Board of Management and other directors
VND Current year
VND Previous year 3,826,994,900 3,183,600,000 2,800,000,000 3,184,100,000 2,500,060,000 2,585,000,000
Title
Geographical segments
4,564,338,300 4,394,800,000 3,885,300,000 3,794,800,000 3,472,533,000 2,920,300,000
General Director Deputy General Director Deputy General Director Deputy General Director Deputy General Director Chief Accountant Marketing Development Director Lead of Board of Supervision Deputy General Director (resigned on 25 October 2023)
Ms Vo Thi Ngoc Anh Ms Nguyen Thi Duyen Ms Nguyen Thi Kim Thoa Mr Ngo Tan Tri Mr Le Thanh Phong Ms Thieu Thi Ngoc Diem
Total VND
2,035,280,000
1,988,360,000
Mr Masao Kamibayashiyama
Domestic
Overseas
1,952,300,000
1,745,366,667
Ms Tran Thi Ngoc Tue
As at and for the year ended 31 December 2024
Net revenue from sales of goods and rendering of services Cost of goods sold and services rendered
3,317,529,253,936 663,334,767,702 3,980,864,021,638
-
1,667,000,000
Ms Nguyen Thi Hao
(2,245,738,235,156) (483,765,877,395) (2,729,504,112,551)
34,045,951,300 28,180,481,567
TOTAL
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