ANNUAL REPORT 2024
TOGETHER IN BELIEF, LEADING IN INNOVATION
236
237
Segment information (continued) Geographical segments (continued)
Total VND
Domestic
Overseas
As at 31 December 2023 (as restated – Note 34)
Total VND
Domestic
Overseas
Assets and liabilities Segment assets Unallocated assets Total assets Segment liabilities
Results
- 1,128,772,926,752 4,393,311,108,799 5,522,084,035,551 263,320,000,996 1,182,255,811,778 1,445,575,812,774 -
1,118,276,687,711
10,496,239,041
Segment gross margin
1,071,791,018,780 179,568,890,307 1,251,359,909,087
-
-
(727,645,132,159) 523,714,776,928 (133,144,120,036) 29,401,328,988 419,971,985,880
Unallocated expenses Net profit before corporate income tax Corporate income tax expense Deferred tax expenses Net profit after tax
10,496,239,041 83,449,556,293
1,118,276,687,711 179,870,444,703 - 179,870,444,703
-
Unallocated liabilities
83,449,556,293
Total liabilities
Corresponding figures In 2024, the Group’s Board of Management conducted a review of the costs of purchasing goods and services for the fiscal years from 2014 to 2023 for the purpose of checking the appropriate recognition of tax obligations payable to the State during these years. Accordingly, some expenses were assessed as unlikely qualifying for input value-added tax deduction as well as not qualifying for deductible expenses when calculating corporate income tax. The Group’s Board of Management made retrospective adjustments to recognize additional corporate income tax and value-added tax liabilities payable to the State arising from previous years due to these potential non-deductible expenses. These additional tax obligations were approved by the Chairman of the Board of Directors of the Company under Decision No. 70A-2024/QĐ-GAC and Chairman of An Cuong Wood – Working Company Limited - the Company’s subsidiaries, under Decision No. 42A-2024/QĐ-SXG dated 26 April 2024.
As at 31 December 2024
Assets and liabilities Segment assets Unallocated assets Total assets Segment liabilities
671,038,795,446 4,968,598,421,919 5,639,637,217,365 318,317,466,925 1,145,288,960,267 1,463,606,427,192
14,495,052,359 - 14,495,052,359 104,794,996,645 - 104,794,996,645
656,543,743,087 - 656,543,743,087 213,522,470,280 - 213,522,470,280
Unallocated liabilities
Total liabilities
Increase other expenses for the year ended 31 December 2023 by VND 11,668,820,871 arising from expenses with invoices that are not qualified for input value-added tax deduction in this accounting year. Increase current corporate income tax expense for the year ended 31 December 2023 by VND 13,863,792,526 arising from expenses with invoices that are not qualified for current corporate income tax deduction in this accounting year. Decrease undistributed earnings and increase statutory obligations as at 31 December 2023 by VND 80,271,369,856 arising from expenses with invoices that are unlikely qualified for input value-added tax deduction and deductible expenses when calculating corporate income tax for the financial years from 2016 to 2023.
Details of impact of retrospective adjustments in the consolidated balance sheet, the consolidated income statement are as follows:
As at and for the year ended 31 December 2023 (as restated – Note 34)
Net revenue from sales of goods and rendering of services Cost of goods sold and services rendered
3,172,008,629,032 590,120,622,716 3,762,129,251,748
(2,185,688,823,623) (468,827,364,823) (2,654,516,188,446)
Results
986,319,805,409 121,293,257,893 1,107,613,063,302 (579,137,018,107) 528,476,045,195 (118,972,307,026) 1,680,449,017 411,184,187,186
Segment gross margin Unallocated expenses Net profit before corporate income tax Corporate income tax expense Deferred tax expenses Net profit after tax
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