Sales and Service Revenue (Code 01)

2.2.8.4. Some arising economic transactions:

Corporate income tax of the tax period = (Accounting profit before tax + increasing adjustments - decreasing adjustments) * 25%

 At the end of the first quarter of 2013, based on the provisional corporate income tax declaration for the first quarter, the company's provisional corporate income tax was 0 VND due to the company's loss.

 At the end of the second quarter of 2013, based on the provisional corporate income tax declaration for the second quarter, the company's provisional corporate income tax is 1,221,282,011 VND. The tax accountant enters the following data into the software in the General Accounting Voucher section:

Debit account 821 1,221,282,011

Credit account 3334 1,221,282,011

And the software also automatically transfers the corporate income tax expense for the second quarter of 2013 to account 911 in the amount of VND 1,221,282,011 to determine the business performance results, and at the same time outputs the General Accounting Voucher No. 60, dated June 30, 2013.

 At the end of the third quarter of 2013, based on the provisional corporate income tax declaration for the third quarter, the company's provisional corporate income tax is 1,701,757,482 VND. The tax accountant enters the following data into the software in the General Accounting Voucher section:

Debit account 821 1,701,757,482

Credit account 3334 1,701,757,482

And the software also automatically transfers the corporate income tax expense for the third quarter of 2013 to account 911 in the amount of VND 1,701,757,482 to determine the business performance results, and at the same time outputs the General Accounting Voucher No. 108, dated September 30, 2013.

On October 28, 2013, submit the provisional corporate income tax declaration for the third quarter of 2013 and the chief accountant, based on the company's financial situation, prepares a Request for extension of corporate income tax payment for the third quarter of 2013. After being approved by the General Director, it will be submitted to the Ho Chi Minh City Tax Department and extended until January 30, 2014.

 At the end of the fourth quarter of 2013, based on the provisional corporate income tax declaration for the fourth quarter, the company's provisional corporate income tax was 0 because the company was at a loss.

So the total corporate income tax provisionally paid in 2013 is: 2,923,039,493 VND

 At the end of fiscal year 2013, tax accountants determine corporate income tax expenses to determine business results.

Corporate income tax of 2013 = (2013 pre-tax accounting profit + 2013 upward adjustments – 2013 downward adjustments) * 25%

= (29,560,215,955 + 431,063,979 - 6,770,900,305)*25%

= 5,589,562,918 VND

So the total corporate income tax payable in 2013 is: 5,589,562,918 VND

Thus, the accountant determines that the corporate income tax payable is greater than the provisional corporate income tax amount for the year. The accountant records additional corporate income tax for 2013 in the following accounting software in the General Accounting Voucher section:

Debit account 821 2,666,523,425

Credit account 3334 2,666,523,425

And the software will also automatically transfer the additional corporate income tax expense for 2013 to account 911 in the amount of VND 2,666,523,425 to determine the business performance results, and at the same time output the General Accounting Voucher No. 218, dated December 31, 2013.

Attached documents:

- Provisional corporate income tax declaration for the first quarter of 2013

- Provisional corporate income tax declaration for the second quarter of 2013

- Provisional corporate income tax declaration for the third quarter of 2013

- Provisional corporate income tax declaration for the fourth quarter of 2013

- Detailed book of account 821 year 2013

- Ledger account 821 year 2013

2.2.9. Accounting determines business results:

At Saigon Real Estate JSC, accountants determine business results at the end of the period (month, quarter, year) on Asiasoft Accounting 2008 software.

Asiasoft Accounting 2008 software will automatically transfer all revenue and expenses to account 911 to determine business results and then transfer profits (losses) to account 421. Based on the results achieved, the Chief Accountant will prepare a Financial Report reflecting the business performance of the company during the period.

Formula to determine:

- Net sales and service revenue = Total sales and service revenue - Revenue deductions.

- Net profit from business activities = Net revenue - Cost of goods sold + Financial revenue - Financial expenses - Selling expenses - Business management expenses.

- Accounting profit before tax = Net profit from business activities + Other income – Other expenses.

- Profit after tax = Accounting profit before tax - Corporate income tax in the period.

2.2.9.1. Documents used:

- General accounting voucher.

2.2.9.2. Books used:

- Recording vouchers;

- Register of accounting vouchers;

- Detailed summary table/Detailed book 911;

- Ledger account 911;

- 911 account summary book.

2.2.9.3. User account:

ACCOUNT 911 “DETERMINATION OF BUSINESS RESULTS”

2.2.9.4. Some arising economic transactions:

At the end of 2013, Asiasoft Accounting 2008 software automatically transferred all revenue and expenses to account 911 to determine business results.

Carryover of sales revenue and service provision in 2013:

Debit account 511 93,075,576,380

Credit account 911 93,075,576,380

Carryover of cost of goods sold in 2013:

Debit account 911 75,329,584,634

Credit account 632 75,329,584,634

Carryover of business management expenses in 2013:

Debit account 911 16,217,156,041

Credit account 642 16,217,156,041

Carry forward financial operating expenses in 2013:

Debit account 911 10,326,563,970

Credit account 635 10,326,563,970

Carryover of operating revenue in 2013:

Debit account 515 21,457,445,845

Credit account 911 21,457,445,845

Carryover of other income in 2013:

Debit account 711 17,056,696,848

Credit account 911 17,056,696,848

Carry forward other expenses in 2013:

Debit account 911 156,198,473

Credit account 811 156,198,473

Carryover of corporate income tax expense in 2013:

Debit account 911 5,589,562,918

Credit account 821 5,589,562,918

Net profit from operating activities:

= Net revenue - Cost of goods sold + Financial revenue - Financial expenses - Selling expenses - Business management expenses.

= 93,075,576,380 - 75,329,584,634 + 21,457,445,845 - 10,326,563,970 -

16,217,156,041

= 12,659,717,580 VND

Accounting profit before tax:

= Net profit from business activities + Other income – Other expenses.

= 12,659,717,580 + 17,056,696,848 - 156,198,473

= 29,560,215,955 VND

Accounting profit after tax:

= Accounting profit before tax - Corporate income tax in the period.

= 29,560,215,955 - 5,589,562,918

= 23,970,653,037 VND

The software will automatically transfer the 2013 interest to account 421: Debit account 911 23,970,653,037

Credit account 421 23,970,653,037

Attached documents:

- Detailed book of account 911

- Ledger account 911

- Financial report 2013

SAIGON REAL ESTATE JOINT STOCK COMPANY

Address: 63–65 Dien Bien Phu - Ward 25 - Binh Thanh District, HCMC

Tel: 08 38.405.550 – 08 38.405.551 – Fax: 08 38.405.553

FORM NUMBER B02-DN

(Issued under Decision No. 15/2006/QD-BTC dated March 20, 2006 of the Minister of Finance)

BUSINESS PERFORMANCE REPORT

2013

Currency: Vietnamese Dong

INDICATORS

CODE	TM	THIS YEAR'S NUMBER 2013	NUMBER OF YEARS BEFORE 2012
(1)	(2)	(3)	(4)	(5)
1. Sales and service revenue	01	VI.02	97,239,762,392	115,007,810,225
2. Revenue deductions	02	VI.02	4,164,186,012	1,156,630,349
+ Discount on sales	02B		-	-
+ Returned goods			4,164,186,012	1,156,630,349
3. Net revenue from sales and service provision (10 = 01 - 02)	10		93,075,576,380	113,851,179,906
4. Cost of goods sold	11	VI.03	75,329,584,634	89,562,537,275
5. Gross profit from sales and service provision (20 = 10 - 11)	20		17,745,991,746	24,288,642,631
6. Financial operating revenue	21	VI.02	21,457,445,845	1,156,050,985
7. Financial costs	22	VI.03	10,326,563,970	8,209,830,350
- Including: Interest expense	23		1,587,547,256	3,032,057,947
8. Selling expenses	24	VI.03	-	-
9. Business management costs	25	VI.03	16,217,156,041	19,965,157,715
10 Net profit from operating activities {30 = 20 + (21 - 22) - (24 + 25)}	30		12,659,717,580	(2,730,294,449)
11. Other income	31	VI.02	17,056,696,848	2,737,791,347
12. Other costs	32	VI.03	156,198,473	921,601,685
13. Other profits (40 = 31 - 32)	40		16,900,498,375	1,816,189,662
14. Total accounting profit before tax (50 = 30 + 40)	50		29,560,215,955	(914,104,787)
15. Current corporate income tax expense	51	VI.04	5,589,562,918	1,262,039,875
16. Deferred corporate income tax expense	52		-	-
17. Profit after corporate income tax (60 = 50 – 51 - 52)	60	VI.01	23,970,653,037	(2,176,144,662)
18. Basic earnings per share (*)	70		1,824	(199)

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Ho Chi Minh City, March 29, 2013

The chartist

(Signature, full name)

Chief Accountant

(Signature, full name)

General Director

(Signature, full name, seal)

Presentation of information on Financial Statements :

Enterprises open accounting books according to Decision No. 15/2006/QD-BTC dated March 20, 2006 and Circular No. 244/2009/TT-BTC dated December 31, 2009 of the Ministry of Finance providing general regulations on annual financial statements of enterprises including the following forms:

 Balance sheet Form No. B 01-DN

 Business performance report Form No. B02-DN

 Cash flow statement Form No. B03-DN

 Financial statement explanatory note Form No. B09-DN

Basis for preparing the Report on determining business performance:

Report on previous period's business results to be recorded in the beginning of the year column (previous year)

General accounting books and detailed accounting books in the reporting period in accounts from type 5 to type 9 to establish year-end (previous year) column indicators.

Content and method of establishing indicators in the Report on determining business performance of Saigon Real Estate Joint Stock Company:

The beginning column is based on the ending column of the Business Performance Report prepared on December 31, 2012 to record the corresponding indicators.

The end-of-period column is based on the Business Performance Report prepared on December 31, 2013, the General Ledger, General Ledger and Detailed Ledger of accounts prepared on December 31, 2013.

1. Sales and service revenue (Code 01)

Based on the accumulated number of transactions, credit account 511 "Sales and service revenue" and account 512 "Internal sales revenue" to record the amount of VND 97,239,762,392.

2. Revenue deductions (Code 02): The data to be recorded in this indicator is the cumulative number of arising Debit accounts 511 and 512 corresponding to the Credit side of accounts 521, 531, 532, 333 (accounts 3331, 3332, 3333), the amount is 4,164,186,012 VND

3. Net revenue from sales and service provision (Code 10) Code 10 = Code 01 – Code 02, amount 93,075,576,380 VND.

4. Cost of goods sold (Code 11): Based on the accumulated number of the Credit side of Account 632 "Cost of goods sold" corresponding to the Debit side of Account 911 "Determination of business results", to record the amount of 75,329,584,634 VND.

5. Gross profit from sales and service provision (Code 20) Code 20 = Code 10 – Code 11, amount 17,745,991,746 VND.

6. Financial activity revenue (Code 21): Based on the accumulated debit side of Account 515 "Financial activity revenue" corresponding to the credit side of Account 911 "Determination of business results", record the amount of VND 21,457,445,845.

7. Financial operating expenses (Code 22): Based on the accumulated number of occurrences on the Credit side of Account 635 "Financial expenses" corresponding to the Debit side of Account 911 "Determination of business results", to record the amount of VND 10,326,563,970.

8. Selling expenses (Code 24): Based on the accumulated amount arising on the credit side of Account 641 "Selling expenses" corresponding to the debit side of Account 642 "Business management expenses" corresponding to the debit side of Account 911 "Determination of business results", the company has no arising amount.

9. Business management expenses (Code 25): Based on the accumulated number of occurrences on the credit side of Account 642 "Business management expenses", corresponding to the debit side of Account 911 "Determination of business results", to record the amount of VND 16,217,156,041.

10. Net profit from business activities (Code 30)

Code 30 = Code 20 + (Code 21 – Code 22) – Code 24 – Code 25 , amount

12,659,717,580 VND.

11. Other income (Code 31): Based on the accumulated amount of Debit Account 711 "Other income" corresponding to the Credit Account 911 "Determination of business results", to record the amount of VND 17,056,696,848.

12. Other expenses (Code 32): Based on the accumulated number of occurrences on the credit side of Account 811 corresponding to the number of occurrences on the debit side of Account 911, to record the amount of 156,198,473 VND.

13. Other profits (Code 40)

Code 40 = Code 31 – Code 32 , amount 16,900,498,375 VND.

14. Total accounting profit before tax (Code 50)

Code 50 = Code 30 + Code 40, amount 29,560,215,955 VND.

15. Current corporate income tax expense (Code 51)

Based on the accumulated amount of the Credit side of Account 8211 "Current corporate income tax expense" corresponding to the Debit side of Account 911 "Determination of business results", the amount is 5,589,562,918 VND.

16. Deferred corporate income tax expense (Code 52): The company has no arising expense.

17. Profit after corporate income tax (Code 60)

Code 60 = Code 50 – (Code 51 + Code 52), amount 23,970,653,037 VND.

18. Basic earnings per share (*) (Code 70): amount of VND 1,824.