Accounting for revenue, expenses and business results at Tien Phat Electrical Engineering Company Limited

CASH FLOW STATEMENT (DIRECT METHOD)

(Issued under Decision No. 48/2006/QD-BTC dated September 14, 2006 of the Minister of Finance)

Fiscal year 2015

Tax code: 0311035252

Taxpayer: Tien Phat Electrical Engineering Company Limited

Unit: Vietnamese Dong

STT

INDICATORS	Code	Explanation	This year's number	Number of years ago
(1)	(2)	(3)	(4)	(5)	(6)
I	I. Cash flow from operating activities
1	1. Revenue from sales, provision of services and other revenues	01		4,612,017,023	5,253,339,203
2	2. Payments to suppliers of goods and services	02		(3,181,684,618)	(4,780,634,076)
3	3. Money paid to workers	03		(977,834,600)	(1,186,432,000)
4	4. Interest payment	04		0	0
5	5. Money spent on corporate income tax	05		(48,130,979)	(22,831,090)
6	6. Other revenue from business activities	06		1,251,006,226	800,130,500
7	7. Other cash outflows from business operations	07		(283,278,629)	(147,719,206)
	Net cash flow from operating activities	20		1,372,094,423	(84,146,669)
II	II. Cash flow from investing activities
1	1. Money spent on purchasing, constructing fixed assets, investment real estate and other long-term assets	21		(6,536,364)	(24,912,727)
2	2. Proceeds from liquidation, sale of fixed assets, investment real estate and other long-term assets	22		0	0
3	3. Cash spent on lending and purchasing debt instruments of other entities	23		0	0
4	4. Proceeds from loan recovery and resale of debt instruments of the unit other	24		0	0
5	5. Money spent on investment in other entities	25		0	0
6	6.Recovery of capital investment in other entities	26		0	0
7	7. Interest income, dividends and profits distributed	27		0	0
	Net cash flow from investing activities	30		(6,536,364)	(24,912,727)
III	III. Cash flow from financial activities
1	1. Proceeds from issuing shares and receiving capital contributions from owners have	31		0	0
2	2. Capital contributions paid to owners, stock repurchases of the issued enterprise	32		0	0
3	3. Short-term and long-term loans received	33		0	0
4	4. Loan principal repayment	34		0	0
5	5. Payment of financial lease debt	35		0	0
6	6. Dividends and profits paid to owners	36		0	0
	Net cash flow from financing activities	40		0	0
	Net cash flow during the year (50 = 20+30+40)	50		1,365,558,059	(109,059,396)
	Cash and cash equivalents at the beginning of the year	60		415,583,176	524,642,572
	Impact of foreign exchange rate changes on foreign currency conversion	61		0	0
	Cash and cash equivalents at year end (70 = 50 + 60 + 61)	70		1,781,141,235	415,583,176

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Tran Anh Dung

Signed by:

March 27, 2016

Date signed:

Tax code: 0311035252

BALANCE SHEET

(Issued under Decision No. 48/2006/QD-BTC dated September 14, 2006 of the Minister of Finance)

Fiscal year 2015

Taxpayer: Tien Phat Electrical Engineering Company Limited

Unit: VND

STT

Account Name	Number	Beginning balance		Number of occurrences during the year		End of year balance
Account Name	Number	In debt	Have	In debt	Have	In debt	Have
1	Cash	111	287,999,757	0	4,068,632,968	2,747,512,778	1,609,119,947	0
2	Vietnamese currency	1111	287,999,757	0	4,068,632,968	2,747,512,778	1,609,119,947	0
3	Foreign currency	1112	0	0	0	0	0	0
4	Gold, silver, precious metals, gemstones	1113	0	0	0	0	0	0
5	Bank Deposit	112	127,583,419	0	5,122,668,281	5,078,230,412	172,021,288	0
6	Vietnamese currency	1121	127,583,419	0	5,122,668,281	5,078,230,412	172,021,288	0
7	Foreign currency	1122	0	0	0	0	0	0
8	Gold, silver, precious metals, gemstones	1123	0	0	0	0	0	0
9	Short-term financial investment	121	0	0	0	0	0	0
10	Accounts receivable from customers	131	155,809,008	66,290,351	4,870,947,707	4,515,143,579	479,022,785	33,700,000
11	VAT deductible	133	0	0	304,180,380	304,180,380	0	0
12	Deductible VAT of goods and services	1331	0	0	304,180,380	304,180,380	0	0
13	Deductible VAT of fixed assets	1332	0	0	0	0	0	0
14	Other receivables	138	0	0	0	0	0	0
15	Assets missing pending resolution	1381	0	0	0	0	0	0
16	Other receivables	1388	0	0	0	0	0	0
17	Advance	141	0	0	0	0	0	0
18	Short-term prepaid expenses	142	15,233,600	0	41,594,729	40,123,331	16,704,998	0
19	Raw materials	152	0	0	0	0	0	0
20	Tools, instruments	153	0	0	0	0	0	0

Cost of production and unfinished business	154	1,979,542,053	0	3,325,905,717	3,617,871,856	1,687,575,914	0
22	Finished product	155	0	0	0	0	0	0
23	Goods	156	0	0	0	0	0	0
24	Goods sent for sale	157	0	0	0	0	0	0
25	Provisions	159	0	0	0	0	0	0
26	Provision for short-term financial investment depreciation	1591	0	0	0	0	0	0
27	Provision for doubtful debts	1592	0	0	0	0	0	0
28	Provision for inventory write-down	1593	0	0	0	0	0	0
29	Government bond repurchase transaction	171	0	0	0	0	0	0
30	Fixed assets	211	146,727,000	0	0	0	146,727,000	0
31	Tangible fixed assets	2111	146,727,000	0	0	0	146,727,000	0
32	Financial leased fixed assets	2112	0	0	0	0	0	0
33	Intangible fixed assets	2113	0	0	0	0	0	0
34	Depreciation of fixed assets	214	0	39,036,755	0	27,473,952	0	66,510,707
35	Depreciation of tangible fixed assets	2141	0	39,036,755	0	27,473,952	0	66,510,707
36	Depreciation of leased fixed assets	2142	0	0	0	0	0	0
37	Depreciation of intangible assets	2143	0	0	0	0	0	0
38	Investment property depreciation	2147	0	0	0	0	0	0
39	Investment real estate	217	0	0	0	0	0	0
40	Long-term financial investment	221	0	0	0	0	0	0
41	Joint venture capital	2212	0	0	0	0	0	0
42	Investment in associates	2213	0	0	0	0	0	0
43	Other long-term financial investments	2218	0	0	0	0	0	0
44	Provision for impairment of long-term financial investments	229	0	0	0	0	0	0
45	Construction in progress	241	0	0	0	0	0	0
46	Purchase of fixed assets	2411	0	0	0	0	0	0
47	Construction in progress	2412	0	0	0	0	0	0
48	Major repairs of fixed assets	2413	0	0	0	0	0	0

Long-term prepaid expenses	242	29,837,687	0	6,536,364	22,935,892	13,438,159	0
50	Long-term deposit and bet	244	0	0	0	0	0	0
51	Short term loan	311	0	0	0	0	0	0
52	Long-term debt due	315	0	0	0	0	0	0
53	Payable to Seller	331	280,261,005	332,117,061	2,019,211,086	2,232,406,095	7,418,623	272,469,688
54	Taxes and other payments to the State	333	0	90,423,457	534,159,219	463,414,160	13,336,736	33,015,134
55	Value added tax payable	3331	0	66,499,010	485,028,240	451,544,364	0	33,015,134
56	Output VAT	33311	0	66,499,010	485,028,240	451,544,364	0	33,015,134
57	VAT on imported goods	33312	0	0	0	0	0	0
58	Special consumption tax	3332	0	0	0	0	0	0
59	Import and export tax	3333	0	0	0	0	0	0
60	Corporate income tax	3334	0	23,924,447	48,130,979	10,869,796	13,336,736	0
61	Personal income tax	3335	0	0	0	0	0	0
62	Resource tax	3336	0	0	0	0	0	0
63	Real estate tax, land rent	3337	0	0	0	0	0	0
64	Other taxes	3338	0	0	1,000,000	1,000,000	0	0
65	Fees, charges and other payables	3339	0	0	0	0	0	0
66	Payable to workers	334	0	0	1,007,600,000	1,007,600,000	0	0
67	Cost to Pay	335	0	0	0	0	0	0
68	Other payables	338	623,500	800,000,000	92,173,169	1,293,238,000	0	2,000,441,331
69	Surplus assets pending resolution	3381	0	0	0	0	0	0
70	Union dues	3382	0	0	0	0	0	0
71	Social insurance	3383	623,500	0	72,855,769	73,704,800	0	225,531
72	Health insurance	3384	0	0	12,607,200	12,756,600	0	149,400
73	Receive deposits, short-term bets	3386	0	0	0	0	0	0
74	Unearned Revenue	3387	0	0	0	0	0	0
75	Other payables	3388	0	800,000,000	1,107,000	1,201,107,000	0	2,000,000,000
76	Unemployment insurance	3389	0	0	5,603,200	5,669,600	0	66,400
77	Long-term loans	341	0	0	0	0	0	0

Long term loan	3411	0	0	0	0
79	Long-term debt	3412	0	0	0	0
80	Bonds issued	3413	0	0	0	0
81	Bond face value	34131	0	0	0	0
82	Bond discount	34132	0	0	0	0
83	Bond premium	34133	0	0	0	0
84	Receive deposits, long-term bets	3414	0	0	0	0
85	Unemployment Compensation Reserve Fund	351	0	0	0	0
86	Provision for payables	352	0	0	0	0
87	Bonus and welfare fund	353	0	0	0	0
88	Reward Fund	3531	0	0	0	0
89	Welfare fund	3532	0	0	0	0
90	Welfare fund has formed fixed assets	3533	0	0	0	0
91	Company Executive Board Bonus Fund	3534	0	0	0	0
92	Science and Technology Development Fund	356	0	0	0	0
93	Science and Technology Development Fund	3561	0	0	0	0
94	Science and technology development fund has formed fixed assets	3562	0	0	0	0
95	Business capital	411	1,500,000,000	0	0	1,500,000,000
96	Owner's equity	4111	1,500,000,000	0	0	1,500,000,000
97	Capital surplus	4112	0	0	0	0
98	Other capital	4118	0	0	0	0
99	Exchange rate difference	413	0	0	0	0
100	Equity funds	418	0	0	0	0
101	Treasury stock	419	0	0	0	0
102	Retained earnings	421	195,749,405	402,729,091	446,208,276	239,228,590
103	Undistributed earnings of previous year	4211	57,630,127	0	138,119,278	195,749,405
104	Undistributed earnings this year	4212	138,119,278	402,729,091	308,088,998	43,479,185
105	Sales and service revenue	511	0	4,515,443,659	4,515,443,659	0
106	Sales revenue	5111	0	0	0	0

107

Revenue from sales of finished products	5112	0	0	0	0	0	0
108	Service revenue	5113	0	0	4,515,443,659	4,515,443,659	0	0
109	Other revenue	5118	0	0	0	0	0	0
110	Financial revenue	515	0	0	675,828	675,828	0	0
111	Revenue deductions	521	0	0	0	0	0	0
112	Trade discount	5211	0	0	0	0	0	0
113	Returned goods	5212	0	0	0	0	0	0
114	Sales Discount	5213	0	0	0	0	0	0
115	Purchase	611	0	0	0	0	0	0
116	Production cost	631	0	0	0	0	0	0
117	Cost of goods sold	632	0	0	3,611,971,856	3,611,971,856	0	0
118	Financial costs	635	0	0	0	0	0	0
119	Business management costs	642	0	0	849,798,650	849,798,650	0	0
120	Cost of sales	6421	0	0	211,050,250	211,050,250	0	0
121	Business management costs	6422	0	0	638,748,400	638,748,400	0	0
122	Other income	711	0	0	0	0	0	0
123	Other costs	811	0	0	0	0	0	0
124	Corporate income tax expense	821	0	0	10,869,796	10,869,796	0	0
125	Determine business results	911	0	0	4,780,729,300	4,780,729,300	0	0
126	Total		3,023,617,029	3,023,617,029	35,565,827,800	35,565,827,800	4,145,365,450	4,145,365,450
127	Outsourced assets	1	0	0	0	0	0	0
128	Materials, goods received for safekeeping, received for processing	2	0	0	0	0	0	0
129	Goods accepted for sale, consignment, and deposit	3	0	0	0	0	0	0
130	Bad debt resolved	4	0	0	0	0	0	0
131	Foreign currencies	7	0.00	0.00	0.00	0.00	0.00	0.00

Tran Anh Dung

People

sign:

March 27, 2016

Date signed:

Reporting unit: Tien Phat Electrical Engineering Company Limited Form B 09 - DNN

Address: 332/42A Nguyen Thai Son, Ward 5, Go Vap District Tax code: 0311035252

NOTES TO THE FINANCIAL STATEMENTS

Year 2015

I- Characteristics of business operations:

1- Capital form: Limited liability company

2- Business field : Services - Trade

3- Total number of employees and workers: 24 people

4- Characteristics of business operations in the fiscal year that affect the Financial Statements: II- Accounting policies applied at the business:

1- Accounting year (starts from January 1st and ends on December 31st). 2- Monetary unit used in accounting: VND

3- Applicable accounting regime: Enterprise accounting regime according to Decision No. 48

4- Applicable accounting form: Manual accounting

5- Accounting policy for inventory:

- Principle of inventory valuation: Record at original cost

- Method for determining the value of inventory at the end of the period: Weighted average

- Inventory accounting method: regular declaration

6- Applicable fixed asset depreciation method:

7- Principle of recording borrowing costs: Recorded in production and business expenses

8- Principle of recording payable expenses: According to actual costs of use

9- Principles and methods of recording provisions for payables:

10- Principles for recording exchange rate differences: Exchange rate differences arise 11- Principles and methods for recording revenue:

III- Additional information for items presented in the Balance Sheet

(Unit: VND)

1- Cash and cash equivalents

- Cash

- Bank deposit

- Cash equivalents

End of Year

1,550,119,947

172,021,288

Beginning of the year

244,657,061

127,583,419

Community

1,722,141,235

372,240,480

2- Full stock

- Raw materials

- Tools, instruments

End of Year

Beginning of the year

- Finished product

- Goods

- Goods sent for sale

1,687,575,914

1,979,542,053

Community

1,687,575,914

1,979,542,053

- Production and business costs are pending.

Item	House, architecture	Machinery and equipment	Means of transport and transmission	Management equipment	TSCÑ other	Total
(1) Original price of tangible assets - First name number - Increase in number during the year: Including: + Purchase: + Construction: - Decrease in the year: Including: + Liquidation: + Concession: + Switch to BNS investment - Last name number		101,661,000	45,066,000			146,727,000
			-			-
		101,661,000	45,066,000			146,727,000
(2) Depreciation value
- First name number		27,407,133	11,629,622			39,036,755
- Increase in number during the year:
		18,460,752	9,013,200			27,473,952
- Decrease in the year:						-
- Year-end balance:		45,867,885	20,642,822			66,510,707
(3) Residual value of tangible assets (1-2)
- On the first day of name		55,793,115	24,423,178			80,216,293
- At the end of the name		46,982,107	19,528,600			66,510,707
In there: