ASSET 2021

A- SHORT-TERM ASSETS ###

I. Cash and cash equivalents ###
1. Cash 6,316,299,666,510
2. Cash equivalents ###
II. Short-term financial investments ###
1. Trading securities
2. Provision for devaluation of trading securities
3. Investments held to maturity ###
III. Short-term receivables 7,662,680,796,645
1. Short-term receivables from customers 4,973,095,672,343
2. Short-term prepayments to suppliers 1,722,371,823,278
3. Short-term internal receivables
4. Receivables according to construction contract progress schedule
5. Short-term loan receivables 23,521,740,500
6. Other short-term receivables 981,799,066,828
7. Provision for short-term doubtful receivables -39,275,168,162
8. Shortage assets awaiting resolution 1,167,661,858
IV. Inventories ###
1. Inventories ###
2. Provision for inventory price reduction -235,518,473,334
V. Other short-term assets 3,650,156,741,241
1. Short-term prepaid expenses 296,697,348,350
2. Deductible VAT 3,335,690,250,424
3. Taxes and other receivables from the State 17,769,142,467
4. Government bond repurchase transactions
5. Other short-term assets
B. LONG-TERM ASSETS ###
I. Long-term receivables 809,234,947,969
1. Long-term receivables from customers
2. Long-term prepayments to suppliers
3. Working capital at affiliated units
4. Long-term internal receivables
5. Long-term loan receivables 118,401,369,280
6. Other long-term receivables 690,833,578,689
7. Long-term bad debt provision
II. Fixed assets ###
1. Tangible fixed assets ###
- Original cost ###
- Accumulated depreciation ###
2. Finance lease fixed assets
- Original cost
- Accumulated depreciation
3. Intangible fixed assets 536,715,844,895
- Original cost 618,321,659,402
- Accumulated depreciation -81,605,814,507
III. Investment property 548,210,755,123
- Original cost 698,820,145,314
- Accumulated depreciation -150,609,390,191
IV. Long-term unfinished assets 9,698,699,397,713
1. Long-term unfinished production and business costs 1,409,414,047,105
2. Unfinished capital construction costs 8,289,285,350,608
V. Long-term financial investments 6,715,955,617
1. Investments in subsidiaries
2. Investments in associated companies, joint ventures 6,015,955,617
3. Capital contributions to other entities 700,000,000
4. Long-term financial investment provisions
5. Investments held to maturity
VI. Other long-term assets 3,737,859,869,519
1. Long-term prepaid expenses 3,171,382,188,206
2. Deferred income tax assets 529,355,730,648
3. Long-term equipment, supplies, spare parts
4. Other long-term assets
5. Goodwill 37,121,950,665
TOTAL ASSETS ###

CAPITAL
C. LIABILITIES ###
I. Short-term liabilities ###
1. Short-term payables to suppliers ###
2. Short-term prepayments from buyers 788,002,603,134
3. Taxes and other payables to the State 796,022,241,121
4. Payables to employees 816,457,005,628
5. Short-term payables 772,615,123,352
6. Short-term internal payables
7. Payables according to construction contract progress
8. Short-term unearned revenue 16,951,911,160
9. Other short-term payables 1,047,158,508,079
10. Short-term borrowings and financial leasing debts ###
11. Short-term provisions for payables 4,755,735,476
12. Welfare reward fund 1,740,567,096,715
13. Price stabilization fund
14. Government bond repurchase transactions
II. Long-term liabilities ###
1. Long-term trade payables
2. Long-term advances from customers
3. Long-term accrued expenses 410,407,940,262
4. Internal payables for working capital
5. Long-term internal payables
6. Long-term unearned revenue 8,803,217,550
7. Other long-term payables 63,027,061,241
8. Long-term borrowings and finance leases ###
9. Convertible bonds
10. Preferred shares
11. Deferred income tax payable
12. Long-term provisions 49,310,752,616
13. Science and technology development fund
D. OWNER'S EQUITY ###
I. Owner's equity ###
1. Owner's capital contribution ###
- Common shares with voting rights ###
- Preferred shares
2. Share premium 3,211,560,416,270
3. Bond conversion options
4. Other owners' capital
5. Treasury shares
6. Asset revaluation differences
7. Exchange rate differences -1,925,960,852
8. Development investment fund development 923,549,304,122
9. Enterprise arrangement support fund
10. Other funds belonging to equity
11. Undistributed profit after tax ###
- Undistributed profit after tax accumulated to the end of the previous pe ###
- Undistributed profit after tax of this period 7,285,282,773,452
12. Capital for investment in construction and development
13. Non-controlling shareholder interests 154,788,720,987
II. Other funds and funds
1. Funds
2. Funds for forming fixed assets
TOTAL CAPITAL SOURCES ###
 2022 2023 Hoa Phat Group JSC (HPG)
### ###
8,324,588,920,227 ###
3,458,049,733,104 3,771,595,160,884
4,866,539,187,123 8,480,406,000,000
### ###

### ###
9,892,867,373,309 ###
2,958,587,125,337 5,999,539,831,497
5,366,251,939,739 2,583,940,446,585

124,200,000,000 203,600,000,000
1,482,978,249,031 1,961,601,875,298
-41,074,336,139 -46,628,415,158
1,924,395,341 82,701,774
### ###
### ###
### -123,880,438,689
1,537,894,659,443 3,080,510,663,421
320,077,470,557 330,834,978,197
1,117,646,951,943 2,737,971,196,700
100,170,236,943 11,704,488,524

### ###
894,484,456,379 1,880,922,130,348

1,004,491,555,731

101,693,561,714 95,351,026,613
792,790,894,665 781,079,548,004

### ###
### ###
### ###
### ###
 633,761,976,329 211,119,151,570
744,538,077,973 357,031,331,749
-110,776,101,644 -145,912,180,179
629,111,776,960 593,920,277,320
859,667,015,615 859,667,015,615
-230,555,238,655 -265,746,738,295
### ###
28,953,988,212 46,356,652,469
### ###
700,000,000 40,000,000,000

700,000,000

40,000,000,000
4,100,323,979,117 4,454,004,867,718
3,929,243,956,403 4,215,007,972,679
83,071,062,718 163,087,876,347

88,008,959,996 75,909,018,692
### ###

### ###
### ###
### ###
860,793,139,245 741,733,890,580
648,407,591,981 945,404,457,633
306,208,839,467 403,391,467,732
460,508,546,638 477,102,216,071

16,974,936,888 9,979,596,501
418,512,269,668 182,970,590,524
### ###
5,198,833,687 8,054,106,025
1,812,955,327,314 1,375,476,964,884
 ### ###
2,324,285,289,468

531,620,146,455 610,552,512,045

4,109,316,288 174,647,128
61,033,120,562 13,361,520,783
### ###

31,207,164,756 30,012,518,415
57,568,259,201 55,168,639,369

### ###
### ###
### ###
### ###

3,211,560,416,270 3,211,560,416,270

-20,652,355,005
834,782,434,216 818,200,313,964

### ###
### ###
8,483,510,554,031 6,796,864,921,171

105,562,146,315 65,769,846,491

### ###
ASSETS 2021
A- SHORT-TERM ASSETS ###
I. Cash and cash equivalents 751,445,944,055
1. Cash 670,954,162,335
2. Cash equivalents 80,491,781,720
II. Short-term financial investments 447,713,546,612
1. Trading securities 9,353,176
2. Provision for devaluation of trading securities
3. Investments held to maturity 447,704,193,436
III. Short-term receivables 1,901,701,507,479
1. Short-term receivables from customers 1,493,179,266,213
2. Short-term prepayments to suppliers 351,713,227,664
3. Short-term internal receivables
4. Receivables according to construction contract progress schedule
5. Short-term loan receivables
6. Other short-term receivables 63,068,470,363
7. Provision for short-term doubtful receivables -6,259,456,761
8. Shortage assets awaiting resolution
IV. Inventories 8,281,323,556,123
1. Inventories 8,701,658,662,222
2. Provision for inventory price reduction -420,335,106,099
V. Other short-term assets 833,414,454,006
1. Short-term prepaid expenses 13,523,389,572
2. Deductible VAT 819,891,064,434
3. Taxes and other receivables from the State
4. Government bond repurchase transactions
5. Other short-term assets
B. LONG-TERM ASSETS 3,182,316,358,021
I. Long-term receivables 6,500,000
1. Long-term receivables from customers
2. Long-term prepayments to suppliers
3. Working capital at affiliated units
4. Long-term internal receivables
5. Long-term loan receivables
6. Other long-term receivables 6,500,000
7. Long-term bad debt provision
II. Fixed assets 2,770,700,940,771
1. Tangible fixed assets 2,529,816,436,046
- Original cost 4,830,028,692,167
- Accumulated depreciation ###
2. Finance lease fixed assets
- Original cost
- Accumulated depreciation
3. Intangible fixed assets 240,884,504,725
- Original cost 279,429,712,657
- Accumulated depreciation -38,545,207,932
III. Investment property
- Original cost
- Accumulated depreciation
IV. Long-term unfinished assets 176,006,903,074
1. Long-term unfinished production and business costs
2. Unfinished capital construction costs 176,006,903,074
V. Long-term financial investments 8,180,000,000
1. Investments in subsidiaries
2. Investments in associated companies, joint ventures
3. Capital contributions to other entities
4. Long-term financial investment provisions
5. Investments held to maturity 8,180,000,000
VI. Other long-term assets 227,422,014,176
1. Long-term prepaid expenses 208,796,145,623
2. Deferred income tax assets 18,625,868,553
3. Long-term equipment, supplies, spare parts
4. Other long-term assets
5. Goodwill
TOTAL ASSETS ###

CAPITAL
C. LIABILITIES 9,674,711,671,751
I. Short-term liabilities 9,598,192,512,183
1. Short-term payables to suppliers 4,879,071,761,786
2. Short-term prepayments from buyers 582,661,815,270
3. Taxes and other payables to the State 189,812,745,137
4. Payables to employees 44,325,771,984
5. Short-term payables 67,789,915,665
6. Short-term internal payables
7. Payables according to construction contract progress
8. Short-term unearned revenue
9. Other short-term payables 12,636,345,899
10. Short-term borrowings and financial leasing debts 3,773,154,733,117
11. Short-term provisions for payables
12. Welfare reward fund 48,739,423,325
13. Price stabilization fund
14. Government bond repurchase transactions
II. Long-term liabilities 76,519,159,568
1. Long-term trade payables
2. Long-term advances from customers
3. Long-term accrued expenses
4. Internal payables for working capital
5. Long-term internal payables
6. Long-term unearned revenue
7. Other long-term payables 900,000,000
8. Long-term borrowings and finance leases 46,499,351,598
9. Convertible bonds
10. Preferred shares
11. Deferred income tax payable 29,119,807,970
12. Long-term provisions
13. Science and technology development fund
D. OWNER'S EQUITY 5,723,203,694,545
I. Owner's equity 5,723,203,694,545
1. Owner's capital contribution 2,183,985,680,000
- Common shares with voting rights 2,183,985,680,000
- Preferred shares
2. Share premium 785,907,272,279
3. Bond conversion options
4. Other owners' capital
5. Treasury shares
6. Asset revaluation differences
7. Exchange rate differences
8. Development investment fund development 74,567,904,963
9. Enterprise arrangement support fund
10. Other funds belonging to equity 42,586,677,857
11. Undistributed profit after tax 2,636,156,159,446
- Undistributed profit after tax accumulated to the end of the previous pe2,219,705,513,221
- Undistributed profit after tax of this period 416,450,646,225
12. Capital for investment in construction and development
13. Non-controlling shareholder interests
II. Other funds and funds
1. Funds
2. Funds for forming fixed assets
TOTAL CAPITAL SOURCES ###
 2022 2023Nam Kim Group (NKG)
10,414,909,064,976 ###
1,005,403,528,970 ### 2021 2022
948,303,528,970 ###
57,100,000,000 ### #DIV/0!
251,569,818,437 ### #DIV/0!
9,353,176 9,353,176
0.055651628
251,560,465,261 ### 0.003532682
1,516,693,874,948 ### 0.00820786
1,060,728,823,320 ###
438,034,966,801 ###

26,734,127,887 ###
-8,804,043,060 ###

7,000,417,214,505 ###
7,337,269,938,041 ###
-336,852,723,536 ###
640,824,628,116 ###
16,774,143,093 ###
624,032,687,013 ###
17,798,010 72,354,943

3,045,850,764,906 ###
2,310,962,017 5,500,000

2,310,962,017 5,500,000

2,588,279,100,706 ###
2,263,795,076,520 ###
4,926,840,049,364 ###
-2,663,044,972,844 ###
41,550,148,470 ###
 41,899,309,383 ###
-349,160,913 ###
282,933,875,716 ###
330,336,039,684 ###
-47,402,163,968 ###

219,720,614,905 ###

219,720,614,905 ###
8,180,000,000 ###

8,180,000,000 ###
227,360,087,278 ###
227,360,087,278 ###

13,460,759,829,882 ###

8,141,109,694,811 ###
8,108,870,806,964 ###
2,544,340,815,756 ###
258,338,533,839 ###
15,798,431,141 ###
25,259,058,783 ###
34,313,565,681 ###

5,372,997,178 ###
5,111,300,049,514 ###

114,147,355,072 ###
 32,238,887,847 ###

900,000,000 900,000,000
3,072,616,017

28,266,271,830 ###

5,319,650,135,071 ###
5,319,650,135,071 ###
2,632,778,060,000 ###
2,632,778,060,000 ###

785,907,272,279 ###

185,830,957,874 ###

87,091,899,021 ###
1,628,041,945,897 ###
1,752,726,783,624 ###
-124,684,837,727 ###

13,460,759,829,882 ###
2023 industry average
Hoa Phat Group JSC (HPG)
unit: 1,000 VND
 2021 2022
1 1. Sales and service revenue ### ###
2 2. Revenue deductions 1,185,569,987,855 1,361,536,216,226
3 3. Net sales and service revenue (10 = 01 - 02) ### ###
4 4. Cost of goods sold ### ###
5 5. Gross profit from sales and service provision (20=1 ### ###
6 6. Financial revenue 3,071,440,640,188 3,743,650,707,331
7 7. Financial expenses 3,731,542,257,873 7,026,723,285,241
8 - Including: Interest expense 2,525,823,258,237 3,083,638,131,818
9 8. Profit and loss in joint ventures and associates 4,465,302,865 -1,072,667,584
10 9. Sales expenses 2,120,068,223,228 2,665,806,087,302
11 10. Business management expenses 1,324,261,548,679 1,019,444,279,447
12 11. Net profit from business activities{30=20+(21-22) ### 9,794,030,627,309
13 12. Other income 796,666,105,925 872,024,724,926
13. Other expenses 748,331,838,000 743,114,224,951
14. Other profits(40=31-32) 48,334,267,925 128,910,499,975
15. Total accounting profit before tax(50=30+40) ### 9,922,941,127,284
16. Current corporate income tax expense 2,855,306,347,167 1,001,020,240,086
17. Tax expense Deferred corporate income tax -319,483,564,275 477,491,832,682
18. Profit after corporate income tax (60=50-51-52) ### 8,444,429,054,516
19. Profit after tax of parent company ### 8,483,510,554,031
20. Profit after tax of non-controlling parent company 42,811,733,838 -39,081,499,515

2021 2022
1. Sales and service revenue ### ###
2. Revenue deductions 32,747,619,525 57,081,705,338
3. Net revenue from sales and service provision (10 = ### ###
4. Cost of goods sold ### ###
5. Gross profit from sales and service provision (20=1 4,269,856,924,248 1,481,360,765,765
6. Financial revenue 199,218,435,866 302,883,172,355
7. Financial expenses 397,466,220,790 502,981,252,554
- Of which: Interest expense 243,685,237,356 262,466,234,780
8. Profit and loss in joint ventures and associates
9. Sales expenses 1,397,951,232,015 1,202,326,906,760
10. Business management expenses 122,720,788,853 185,780,434,225
11. Net profit from business activities{30=20+(21-22) 2,550,937,118,456 -106,844,655,419
12. Other income 10,744,953,120 1,085,202,870
13. Other expenses -346,908,979 1,153,052,765
14. Other profit(40=31-32) 11,091,862,099 -67,849,895
15. Total accounting profit before tax(50=30+40) 2,562,028,980,555 -106,912,505,314
16. Current corporate income tax expense 356,682,935,566
17. Deferred corporate income tax expense -19,915,013,232 17,772,332,413
18. Profit after corporate income tax(60=50-51-52) 2,225,261,058,221 -124,684,837,727
19. Profit after tax of parent company 2,225,261,058,221 -124,684,837,727
20. Profit after tax of non-controlling parent company
 2023 Hoa Phat Group JSC (HPG)
###
1,402,203,722,485
###
###
###
3,173,086,404,949
5,191,511,844,389
3,585,077,683,881

1,961,362,129,952
1,307,290,336,873
7,650,762,789,307
771,973,465,495
630,007,511,629
141,965,953,866
7,792,728,743,173
1,073,551,888,059
-81,211,459,967
6,800,388,315,081
6,835,064,334,356
-34,676,019,275

2023 Nam Kim Group (NKG)

###
25,238,314,620
###
###
1,112,263,016,047
230,378,542,142
426,154,979,605
292,679,834,464

609,117,894,559
130,296,253,597
177,072,430,428
597,160,588
358,676,837
238,483,751
177,310,914,179
 60,755,885,161
-853,536,140
117,408,565,158
117,408,565,158
calculate 2021 2022 2023
EBIT
Depreciation
OCF
NOWC
FA
Change in NOWC, FA
Capex
FCF
FCFE
FCFD
Statement of cashflow Hoa Phat Group JSC (HPG)
Unit: (1000VND) Year Ended 31 Dec 2023
Cashflow from operating activities 2023 2022
Net Income
Depreciation and amortization
Account Receivables
Inventories
Accrued Wages
Accrued Taxes
Account Payable
Interest payment
Other current liabilities
Net Casflow from operating activities
Cashflow from investing activities
Capex
Short-term investment
Long-term investment
Other non-current assets
Net Cashflow from investing activities
Net cashflow from financing activities
Short-term loans
Long-term loans
Net change in new equity
Treasury stock
Other long-term debt
Dividend
Net Cashflow from financing activities

Net change in cash balance

 Assets 2021 2022 2023 unit: 1,000 VND
Current Assets
Cash and Equivalent
Short term Investments
Accounts Receivable
Inventories
Other current assets
Total current assets
Non current assets
Gross Fixed Asset
Accumulated Depreciation
Long term Investment
Other non-current assets
Total non current assets

Total Assets

Liabilities & Equity

Liabilities
Short term loans
Accounts payable
Accrued Wages
Accrued Taxes
Other current liabilities
Total current liabilities
Long term loans
Other long-term debt
Total long-term liabilities
Equity
Common stock (at par value) Common stoc
Additional Paid – in Capital
Treasury stock
Retained Earnings
Other comprehensive Income Other compre
Total owner’s equity
Minor Interests
Total Liabilities & Equity
 Assets 2021 2022 2023
Current Assets

Total current assets

Non current assets
Gross Fixed Asset
Accumulated Depreciation
Long term Investment
Other non-current assets
Total non current assets

Total Assets

Liabilities & Equity

Liabilities
Short term loans
Accounts payable
Accrued Wages
Accrued Taxes
Other current liabilities
Total current liabilities
Long term loans
Other long-term debt
Total long-term liabilities
Equity
Common stock (at par value)
Additional Paid – in Capital
Treasury stock
Retained Earnings
Other comprehensive Income
Total owner’s equity
Minor Interests
Total Liabilities & Equity
 2021 2022
1 Sales
2 Cost of goods sold
3 Gross profit= 1-2
4 Selling expenses
5 General & Administrative expenses
6 Operating Profits = 3-4-5
7 Profit from Financial Investments activities
8 Other Profit
9 Earnings Before Interest & Taxes (EBIT) = 6+7+8
10 Interest Expenses
11 Profit before Taxes
12 Taxes
13 Net Income
Net income attributable to minority interest
Net income attributable to equity holders of the company
2023 unit: 1,000 VND
1 Sales
2 Cost of goods sold
3 Gross profit= 1-2
4 Selling expenses
5 General & Administrative expenses
6 Operating Profits = 3-4-5
7 Profit from Financial Investments activities
8 Other Profit
9 Earnings Before Interest & Taxes (EBIT) = 6+7+8
10 Interest Expenses
11 Profit before Taxes
12 Taxes
13 Net Income
Net income attributable to minority interest
Net income attributable to equity holders of the company
 2021 2022 2023

the company
 Assets 2021 2022 2023 unit: 1,000 VND
Current Assets
Cash and Equivalent
Short term Investments
Accounts Receivable
Inventories
Other current assets
Total current assets
Non current assets
Gross Fixed Asset
Accumulated Depreciation
Long term Investment
Other non-current assets
Total non current assets

Total Assets

Liabilities & Equity

Liabilities
Short term loans
Accounts payable
Accrued Wages
Accrued Taxes
Other current liabilities
Total current liabilities
Long term loans
Other long-term debt
Total long-term liabilities
Equity
Common stock (at par value) Common stoc
Additional Paid – in Capital
Treasury stock
Retained Earnings
Other comprehensive Income Other compre
Total owner’s equity
Minor Interests
Total Liabilities & Equity
 Assets 2021 2022 2023 unit: 1,000 VND
Current Assets
Cash and Equivalent
Short term Investments
Accounts Receivable
Inventories
Other current assets
Total current assets
Non current assets
Gross Fixed Asset
Accumulated Depreciation
Long term Investment
Other non-current assets
Total non current assets

Total Assets

Liabilities & Equity

Liabilities
Short term loans
Accounts payable
Accrued Wages
Accrued Taxes
Other current liabilities
Total current liabilities
Long term loans
Other long-term debt
Total long-term liabilities
Equity
Common stock (at par value)
Additional Paid – in Capital
Treasury stock
Retained Earnings
Other comprehensive Income
Total owner’s equity
Minor Interests
Total Liabilities & Equity
1,000 VND
 2021 2022
1 Sales
2 Cost of goods sold
3 Gross profit= 1-2
4 Selling expenses
5 General & Administrative expenses
6 Operating Profits = 3-4-5
7 Profit from Financial Investments activities
8 Other Profit
9 Earnings Before Interest & Taxes (EBIT) = 6+7+8
10 Interest Expenses
11 Profit before Taxes
12 Taxes
13 Net Income
Net income attributable to minority interest
Net income attributable to equity holders of the company
2023 unit: 1,000 VND
1 Sales
2 Cost of goods sold
3 Gross profit= 1-2
4 Selling expenses
5 General & Administrative expenses
6 Operating Profits = 3-4-5
7 Profit from Financial Investments activities
8 Other Profit
9 Earnings Before Interest & Taxes (EBIT) = 6+7+8
10 Interest Expenses
11 Profit before Taxes
12 Taxes
13 Net Income
Net income attributable to minority interest
Net income attributable to equity holders of the company
 2021 2022 2023

the company
 2021 2022 2023 industry average
Liquidity ratio
QR
CR
Assets management ratio
FA turnover
TA turnover
Inventory turnover
Debt management ratio
Debt ratio
EBITDA coverage
TIE
Profitability ratios
Profit margin
Operating Margin
BEP
ROA
ROE
ROIC
Market value ratio
P/E
P/CF
M/B
Hoa Phat Group JSC (HPG)
unit: 1,000 VND