Completing the analysis of business efficiency in wood processing enterprises for export in the South Central region - 32

Beginning of the year

End of the year

A. SHORT-TERM ASSETS

16.048.101.971

13,833,823,966

I. Cash and cash equivalents

16,716,819

6,886,371

1. Money

16,716,819

6,886,371

2. Cash equivalents

II. Short-term financial investments

1. Short-term investment

2. Provision for short-term investment depreciation (*)

III. Short-term receivables

5,912,404,875

3,916,078,994

1. Accounts receivable from customers

5,894,204,875

3,913,178,994

2. Prepayment to the seller

3. Short-term internal receivables

4. Receivable according to construction contract progress plan

build

5. Other receivables

18,200,000

2,900,000

6. Provision for doubtful debts (*)

IV. Inventory

9,409,583,801

8,547,521,124

1. Inventory

9,409,583,801

8,547,521,124

2. Provision for inventory price reduction (*)

V. Other current assets

709,396,476

1,363,337,477

1. Short-term prepaid expenses

2. Deductible VAT

547,169,278

1,100,429,415

3. Taxes and State receivables

1,715,170

4. Other current assets

16,227,198

261,192,892

B. LONG-TERM ASSETS

6,819,182,462

4,780,385,404

I. Long-term receivables

1. Long-term receivables from customers

2. Business capital in affiliated units

3. Internal long-term receivables

4. Other long-term receivables

5. Provision for long-term doubtful receivables (*)

II. Fixed assets

6,819,182,462

4,780,385,404

1. Tangible fixed assets

6,819,182,462

4,780,385,404

12,561,842,022

12,802,875,362

Accumulated depreciation (*)

(5,742,659,560)

(8,022,489,958)

2. Financial leased fixed assets

Original price

Accumulated depreciation (*)

3. Intangible fixed assets

Original price

Accumulated depreciation (*)

4. Cost of unfinished basic construction

III. Investment real estate

Original price

Accumulated depreciation (*)

IV. Long-term financial investments

1. Investment in subsidiaries

2. Investment in associates and joint ventures

3. Other long-term investments

4. Provision for long-term financial investment depreciation (*)

V. Other long-term assets

1. Long-term prepaid expenses

2. Deferred corporate income tax assets

3. Other long-term assets

TOTAL ASSETS

22,867,284,433

18,614,209,370

CAPITAL SOURCE

Beginning of the year

End of the year

A. LIABILITIES

18,324,588,281

13,517,866,285

I. Short-term debt

18,324,588,281

13,517,866,285

1. Short-term loans and debts

2. Payable to seller

3,046,828,223

3,694,835,758

3. Buyer pays in advance

4. Taxes and payments to the State

8,884,405

33,663,821

5. Must pay employees

1,016,000,000

905,217,000

6. Costs payable

14,252,875,653

8,884,149,706

7. Internal payables

8. Must be paid according to the construction contract schedule

build

9. Other short-term payables and receivables

10. Short-term payables provision

II. Long-term debt

2. Internal long-term payables

3. Other long-term payables

4. Long-term loans and debt

5. Deferred corporate income tax payable

6. Unemployment benefit provision

7. Long-term payables provision

B. OWNER'S EQUITY

4,542,696,152

5,096,343,085

I. Equity

4,542,696,152

5,096,343,085

1. Owner's equity

2,957,810,670

2,957,810,670

2. Share capital surplus

3. Other owners' capital

4. Treasury stock (*)

5. Asset revaluation difference

6. Exchange rate difference

88,357,559

88,357,559

7. Development investment fund

8. Financial reserve fund

9. Other equity funds

10. Undistributed profit after tax

1,496,527,923

2,050,174,856

11. Capital sources for basic construction investment

II. Other funding sources and funds

1. Bonus and welfare fund

2. Funding sources

3. Funding sources for fixed assets

TOTAL CAPITAL

22,867,284,433

18,614,209,370

Year 2008

Year 2009

1. Sales and service revenue

35,010,966,322

36,899,802,811

2. Revenue deductions

3. Net revenue from sales and provision of services

service

35,010,966,322

36,899,802,811

4. Cost of goods sold

30,819,107,836

33,952,424,189

5. Gross profit from sales and service provision

4,191,858,486

2,947,378,622

6. Financial operating revenue

1,029,416,308

7. Financial costs

1,598,454,587

668.103.640

Including: interest expense

559,506,732

668.103.640

8. Business management costs

2,062,989,374

1,892,217,364

9. Net profit from business activities

530,414,525

1,416,473,926

10. Other income

27,872,233

251,363,637

11. Other costs

11,996,000

135,309,640

12. Other profits

15,876,233

116,053,997

13. Total accounting profit before tax

546,290,758

1,532,527,923

14. Current corporate income tax expense

136,572,690

374,131,981

15. Deferred corporate income tax expense

16. Profit after corporate income tax

409,718,068

1,158,395,942

17. Basic earnings per share

Year 2009

Year 2010

1. Sales and service revenue

36,899,802,811

50,756,648,083

2. Revenue deductions

3. Net revenue from sales and provision of services

service

36,899,802,811

50,756,648,083

4. Cost of goods sold

33,952,424,189

47,512,575,922

5. Gross profit from sales and service provision

2,947,378,622

3,244,072,161

6. Financial operating revenue

1,029,416,308

1,052,000,000

7. Financial costs

668.103.640

Including: interest expense

668.103.640

8. Business management costs

1,892,217,364

2,288,842,289

9. Net profit from business activities

1,416,473,926

2,007,229,872

10. Other income

251,363,637

112,030,000

11. Other costs

135,309,640

69,085,016

12. Other profits

116,053,997

42,944,984

13. Total accounting profit before tax

1,532,527,923

2,050,174,856

14. Current corporate income tax expense

374,131,981

512,543,714

15. Deferred corporate income tax expense

16. Profit after corporate income tax

1,158,395,942

1,537,631,142

17. Basic earnings per share

INDICATORS

Year 2009

Year 2010

2010 and 2009

Difference

%

1

Total revenue

213,689,626,354

330,412,939,550

116,723,313,196

54.62

2

Deductions

0

0

0

3

Net revenue

213,689,626,354

330,412,939,550

116,723,313,196

54.62

4

Cost of goods sold

183.465.625.296

281.763.060.021

98,297,434,725

53.58

5

Gross profit

30,224,001,058

48,649,879,529

18,425,878,471

60.96

6

Financial operating income

1,845,678,954

3,933,035,622

2,087,356,668

113.09

7

Financial operating expenses

14,586,475,970

35,467,895,312

20,881,419,342

143.16

- Including: interest expense

14,586,475,970

35,467,895,312

20,881,419,342

143.16

8

Cost of sales

8,817,965,660

4,926,749,050

-3,891,216,610

-44.13

9

Business management costs

8,871,820,686

4,333,483,233

-4,538,337,453

-51.15

10

Net operating profit

(206,582,304)

7,854,787,556

8,061,369,860

3,902.26

11

Other income

574,569,760

-574,569,760

12

Unusual expenses

0

13

Abnormal Profit

574,569,760

0

-574,569,760

14

Profit/loss in joint ventures and associates

0

15

Total Profit Before Tax

367,987,456

7,854,787,556

7,486,800,100

2,034.53

16

Current corporate income tax expense

73,597,491

1,570,957,242

1,497,359,751

2,034.53

17

Deferred income tax

0

18

Profit after tax

294,389,965

6,283,830,314

5,989,440,349

2,034.53

Year 2009

Year 2010

I

Asset Management

1

Inventory turnover (turns)

0.75

0.89

2

Number of days inventory (days)

481.30

403.03

3

Receivables turnover (turns)

5.69

5.57

4

Days receivable (days)

63.22

64.59

5

TSNH rotation (round)

0.74

0.87

6

Number of days per TSNH rotation (days)

486.49

413.79

II

Profitability (%)

7

Return on Sales (ROS)

0.14%

1.90%

8

Return on assets (ROA)

0.09%

1.36%

9

Return on Equity (ROE)

0.61%

7.25%

INDICATORS

Year 2009

Year 2010

Difference between 2010 and 2009

Absolute

Relative

(%)

1

Total revenue

9.538947.005

14,580,087,241

5,041,140,236

52.85

2

Deductions

0

0

0

3

Net revenue

9,538,947,005

14,580,087,241

5,041,140,236

52.85

4

Cost of goods sold

8,816,915,660

12,435,683,867

3,618,768,207

41.04

5

Gross profit

722,031,345

2,144,403,374

1,422,372,029

197.00

6

Financial operating income

297,504,000

4,325,920

-293,178,080

-98.55

7

Financial operating expenses

497,432,733

124,515,456

-372,917,277

74.97

- Including: interest expense

424,389,496

123,327,272

-301,062,224

70.94

8

Cost of sales

407,993,186

312,706,632

-95,286,554

23.35

9

Business management costs

1,100,857,237

1,785,127,011

684,269,774

62.16

10

Net operating profit

(986.747.811)

(73,619,805)

913.128.006

92.54

11

Other income

374.107.687

-374,107,687

-100.00

12

Unusual expenses

416,451,788

-416,451,788

-100.00

13

Abnormal Profit

(42,344,101)

0

42,344,101

100.00

14

Total Profit Before Tax

(1,029,091,912)

(73,619,805)

955.472.107

92.85

15

Current corporate income tax expense

0

16

Deferred income tax

0

17

Profit after tax

(1,029,091,912)

(73,619,805)

955.472.107

92,.85