DOAN NHAT MECHANICAL ELECTRICAL
JOINT STOCK COMPANY (công ty cổ phần)
Audited Financial Statements (báo cáo tài chính)
For the fiscal year (năm tài chính) ended 31/12/2017
DOAN NHAT MECHANICAL ELECTRICAL JOINT STOCK COMPANY
Address: 122 Pho Quang, Ward 9,
Phu Nhuan District, Ho Chi Minh City
INDEX
Page
REPORT OF THE BOARD OF DIRECTORS (ban giám đốc)
1–2
INDEPENDENT AUDITORS’ REPORT
3–4
AUDITED FINANCIAL STATEMENTS
Accounting balance sheet (bảng cân đối kế toán)
Business activities report
Cash flows (lưu chuyển tiền tệ)
Notes to the Financial Statements
5–6
7
8–9
10 – 29
DOAN NHAT MECHANICAL ELECTRICAL JOINT STOCK COMPANY
Address: 122 Pho Quang, Ward 9,
Phu Nhuan District, Ho Chi Minh City
REPORT OF THE BOARD OF DIRECTORS
For the fiscal year ended 31/12/2017
REPORT OF THE BOARD OF DIRECTORS
The Board of Directors of Doan Nhat Mechanical Electrical Joint Stock Company (the “Company”)
presents their reports and attached the Company Audited Financial Statements for the year ended
31/12/2015.
MEMBERS OF BOARD OF MANAGEMENT, BOARD OF CONTROL AND BOARD OF
DIRECTORS
The list of members of the Board of Management in the year and the date on which the Company’s report
was made are:
Full name:
Position
Mr. Truong Trong Giang
Chairman (chủ tịch)
Mr. Nguyen Duy Phap
Member
Mr. Nguyen Minh Hai
Member
The list of members of the board of control in the year and the date on which the Company’s report was
made are:
Full name:
Mr. Le Tan Anh Kiet
Mr. Le Ngoc Lanh
Mrs. Hoang Thi Ngoc Tram
The list of members of the board of control in the year and the
made are:
Full name:
Mr. Nguyen Duy Phap
Mr. Nguyen Tien Vinh
Position
Head of Department (trưởng ban)
Member
Member
date on which the Company’s report was
Position
Director
Deputy Director (phó giám đốc)
THE BOARD DIRECTORS’ RESPONSIILITIES
Board of Directors are responsible for the Financial Statements of each financial year which give a true
and fair view of the state of affairs of (tình hình tài chính của…) the Company and of its operation
results and cash flows for the year. In preparing those Financial Statements, the Board of Directors
undertook to follow these requirements:
 Select suitable accounting policies (chính sách kế toán) and then apply them consistently (nhất
quán) ;
 Make judgments and estimates that are reasonable and prudent (thận trọng);
 Applicable accounting standards have been followed, no material departures need to be disclosed
and explained in the Financial Statements.
 Prepare the Financial Statements on going concern basis unless it is inappropriate to presume that
the Company will continue in business; and
 Set up and maintain the internal controls to be necessary to ensure the preparation and the
presentation of the Financial Statements contain no material misstatements due to fraud (gian
lận) or by mistakes (sai sót).
Board of Directors are responsible for ensuring that proper accounting records are kept which
disclosed, with reasonable accuracy at any time, the financial position of Company and to ensure that
the accounting records comply with (tuân thủ) the registered accounting system.
It is responsible for safeguarding the assets of the Company and hence for taking reasonable steps for
the prevention and detection of fraud and other irregularities.
The board of director confirms that Company complies with the above requirements when making the
Financial Statements.
DOAN NHAT MECHANICAL ELECTRICAL JOINT STOCK COMPANY
Address: 122 Pho Quang, Ward 9,
Phu Nhuan District, Ho Chi Minh City
REPORT OF THE BOARD OF DIRECTORS
For the fiscal year ended 31/12/2017
REPORT OF THE BOARD OF DIRECTORS (CONTINUED)
AUDITOR (kiểm toán viên)
The attached financial statements are audited by RSM Vietnam Auditing and Consulting Co.,
Ltd, members of International RSM.
ANNOUNCING THE FINANCIAL STATEMENTS
We, the board of directors, confirm that the Financial Statements prepared by us, give a true and
fair view of the financial position on December 31st, 2017, its operation results (kết quả hoạt
động kinh doanh) and cash flows in the year ended of Company accordance with the Vietnamese
accounting system and comply with relevant statutory requirements in Vietnam.
On behalf of the board of directors, (thay mặt và đại diện cho ban giám đốc)
(Signed and sealed)
Nguyen Duy Phap
Director
Ho Chi Minh City, on March 27th, 2018
4
RSM Vietnam
5th Floor, Sai gon No.3 Building
140 Nguyen Van Thu, Dakao Ward
District 1, HCM City, Vietnam
T +848 3827 5026
F +848 3827 5027
www.rsm.com.vn
No. 18.269/BCKT-RSM
INDEPENDENT AUDITORS’ REPORT
To: Members of the Board of Management
Members of the Board of Directors
DOAN NHAT MECHANNICAL ELECTRICAL JOINT STOCK COMPANY
Auditors’ Report on Financial Statements
We have audited (kiểm toán) the attached Financial statements of Doan Nhat Mechanical Electrical Joint
Stock Company (the “Company”), prepared on March 27th, 2018 as set out on pages 05 to 29, including
Balance Sheet as at December 31st, 2017, Income statements, Cash flows for the year then ended, together
with Notes to the Financial Statements.
Board of Directors’ Responsibilities
The board of directors of the company is responsible for the preparation and the true and fair presentation
of these financial statements in accordance with Vietnamese Accounting Standards, the Vietnamese
accounting system and applicable regulations on preparation and presentation of financial statements and
responsible for internal controls which the board of directors determine that it is relevant to preparation
and fair presentation of financial statements that are free from material misstatement, whether due to
fraud and error.
Auditors’ Responsibilities
Our responsibilities is to express an opinion on these financial statements based on our audit. We
conducted our audit in accordance with Vietnamese standards ion auditing. Those standards require that
we comply with ethical standards and requirements, plan and perform the audit in order to obtain
reasonable assurance as to whether the financial statements are free from material misstatement.
An audit involves performing performance to obtain (thu nhập) audit evidence about the amounts and
disclosures in the financial statements. The procedure selected depend on the auditors’ judgment,
including an assessment of the risks of material misstatement of the financial statements, whether due to
fraud or error. In making those risk assessments, the auditor considers internal control relevant to the
entity’s preparation and true and fair presentation of the financial statements in order to design audit
procedures that are inappropriate in the circumstances, but not the purpose of expressing an opinion on
the effectiveness of the entity’s internal controls. An audit also includes evaluating appropriateness of
accounting policies used and reasonableness of accounting estimates made by the board of directors, as
well as evaluating the overall presentation of the financial statements.
We believe the audit evidence that we have obtained is sufficient and appropriate to provide a basis for
our audit opinion.
THE POWER OF BEING UNDRESTOOD
AUDIT⎢TAX⎢CONSULTING
RSM Vietnam is a member of the RSM network and trade as RSM. RSM is a trading name use by the members of the RSM network. Each member of the
RSM network is an independent accounting and consulting firm which practices in its own right. The RSM network is not itself a separate legal entity in any jurisdiction.
4
INDEPENDENT AUDITORS’ REPORT (CONTINUED)
Auditors’ opinion
In our opinion, the attached Financial Statements of Doan Nhat Mechanical Electrical Joint
Stock Company reflect a true and fair view, in all material respects, of the financial position of
the company as at December 31st, 2017, its financial performance and cash flows for the year
then ended in accordance with (phù hợp với) Vietnamese Accounting Standards (chuẩn mực kế
toán VN), the Vietnamese Accounting System and applicable regulations on preparation and
presentation of Financial Statements.
(Signed and sealed)
(Signed)
DANG XUAN CANH
General Director
Professional license number:
0067-2018-026-1
RSM Vietnam Auditing and Consulting Co.,
Ltd
Ho Chi Minh City, on March 27th, 2018
Tran Quang Huy
Auditor
Professional license number:
4153-2017-026-1
4
DOAN NHAT MECHANICAL ELECTRICAL JOINT STOCK COMPANY
Address: 122 Pho Quang, Ward 9,
Phu Nhuan District, Ho Chi Minh City
FINANCIAL STATEMENTS
For the fiscal year ended 31/12/2017
Form No. B 01 – DN
BALANCE SHEET
As at 31/12/2017
Assets
A. SHORT-TERM ASSETS
Code
100
I. Cash and cash equivalent
1. Cash
2. Cash equivalents
110
111
112
4.1
5,400,904,637
5,400,904,637
79,145,163,424
37,867,577,859
41,277,585,565
II. Short-term receivables
1.Short-term trade receivables (khoản
thu ngắn hạn)
2. Short-term advances to suppliers
3.Other short-term receivables
130
131
132
136
4.2
4.3
306,541,681,897
294,929,164,327
9,129,869,955
2,482,647,615
204,384,944,800
196,101,611,618
4,646,554,334
3,600,778,848
140
141
4.5
210,411,850,635
210,411,850,635
242,302,446,536
242,302,446,536
24,799,416,217
25,102,615,342
20,827,584,854
2,343,294,850
4,837,383,909
(2,494,089,059)
18,484,290,004
18,557,050,000
(72,759,996)
21,040,304,266
2,549,254,266
4,527,383,909
(1,978,129,643)
18,491,050,000
18,557,050,000
(66,000,000)
3,804,329,616
3,804,329,616
3,804,329,616
3,804,329,616
147,501,747
147,501,747
257,981,460
257,981,460
III. Inventories
1. Inventories
Note
4.4
As at 31/12/2017
522,354,437,169
Unit: VND
As at 01/01/2017
525,796,554,760
200
B.LONG-TERM ASSETS
I.Fixed assets
1.Tangible fixed assets
-Costs
-Accumulated depreciation
2. Intangible fixed assets
-Costs
-Accumulated depreciation
II.Long-term assets in progress
1.Long-term work in progress
III.Other long-term assets
Long-term prepaid expenses
Total assets (270=100+200)
220
221
222
223
227
228
229
4.6
4.7
240
242
260
261
270
4.8
547,133,853,386
550,899,170,102
Those attached notes are integral part that cannot be separated in the Financial Statements.
4
DOAN NHAT MECHANICAL ELECTRICAL JOINT STOCK COMPANY
Address: 122 Pho Quang, Ward 9,
Phu Nhuan District, Ho Chi Minh City
FINANCIAL STATEMENTS
For the fiscal year ended 31/12/2017
Form No. B 01 – DN
BALANCE SHEET (CONTINUED)
As at 31/12/2017
RESOURCES
C. LIABILITIES
Code
300
I. Short-term liabilities
1. Short-term trade payables
2. Short-term advances from customers
3.Taxes and other payables to government
budget
4. payables to employees
5. Short-term accrued expenses
6.Other short-term payments
7.Short-term loans and finance lease
liabilities
8.Short-term provisions
9.Bonus and welfare fund
310
311
312
313
Note
As at 31/12/2017
448,653,253,386
As at 01/01/2017
462,437,370,102
448,653,253,386
183,269,697,160
55,151,709,963
15,092,362,605
462,437,370,102
127,465,229,709
43,221,032,733
25,658,806,388
8,322,230,001
46,601,556,136
7,947,550,321
44,086,517,789
9,945,623,500
186,399,309,536
2,372,702,747
-
4.9
4.10
4.11
314
318
319
320
4.12
4.13
321
322
4.14
73,780,770,234
14,410,859,177
57,951,801,153
9.422,864,336
400
410
411
411a
418
421
421b
4.16
98,480,600,000
88,461,800,000
98,480,600,000
33,000,000,000
33,000,000,000
20,000,000,000
45,480,600,000
45,480,600,000
88,461,800,000
33,000,000,000
33,000,000,000
20,000,000,000
35,461,800,000
35,461,800,000
547,133,853,386
550,899,170,102
4.15
D. OWNER’S EQUITY
I. Owner’s equity
1. Contributed capital of owner’s equity
Ordinary shares with voting rights
2. Capital surplus
3. Undistributed profit after tax
Undistributed profit after tax for current year
Total capital (440=300+400)
440
(Signed and sealed)
(Signed)
(Signed)
Nguyen Duy Phap
Director
Nguyen Tien Vinh
Chief Accountant
Tran Thi Thanh Xuan
Prepared by
Ho Chi Minh City, on March 27th, 2018
Those attached notes are integral part that cannot be separated in the Financial Statements.
DOAN NHAT MECHANICAL ELECTRICAL JOINT STOCK COMPANY
Address: 122 Pho Quang, Ward 9,
Phu Nhuan District, Ho Chi Minh City
FINANCIAL STATEMENTS
For the fiscal year ended 31/12/2017
Form No. B 02 – DN
BUSINESS ACTIVITIES REPORT
For the year ended at 31/12/2017
Unit: VND
Items
Code
1.Revenues from sales and services rendered
01
2.Net revenues from sales and services rendered
10
3. Costs of goods sold
11
4.Gross revenues from sales and services rendered
20
5.Financial income
21
6. Financial expenses
22
In which: interest expenses
Note
5.1
5.2
Year 2017
Year 2016
1,379,086,350,445
1,140,435,705,314
1,379,086,350,445
1,140,435,705,314
1,307,795,110,130
1,067,714,375,240
71,291,240,315
72,721,330,074
5.3
2,534,690,125
1,671,315,357
5.4
624,042,202
414,222,142
23
600,043,034
317,993,153
7. Selling expenses
25
28,585,104
31,444,269
8. General administration expenses
26
31,518,806,264
33,155,503,765
9.Net profits from operating activities
30
41,654,496,870
40,791,475,255
10. Other incomes
31
31,137,817,862
18,603,423,364
11. Other expenses
32
396,762,670
3,201,535,261
12. Other profits
40
30,921,055,192
15,401,888,103
13. Total accounting profits before tax
50
72,575,552,062
56,193,363,358
14. Current corporate income tax expenses
51
5.8
14,435,672,794
11,533,026,143
15. Profits after corporate income tax
60
4.16.1
58,139,978,268
44,660,337,251
16. Basic earnings and diluted earnings per share
70
4.17
13,898
11,106
5.5
5.6
(Signed and sealed)
(Signed)
(Signed)
Nguyen Duy Phap
Director
Nguyen Tien Vinh
Chief Accountant
Tran Thi Thanh Xuan
Prepared by
Ho Chi Minh City, on March 27th, 2018
Those attached notes are integral part that cannot be separated in the Financial Statements.
DOAN NHAT MECHANICAL ELECTRICAL JOINT STOCK COMPANY
Address: 122 Pho Quang, Ward 9,
Phu Nhuan District, Ho Chi Minh City
FINANCIAL STATEMENTS
For the fiscal year ended 31/12/2017
Form No. B 03 – DN
STATEMENTS OF CASH FLOWS
(Indirect method)
For the year ended at 31/12/2017
Unit: VND
Items
Code
I.CASH FLOWS FROM OPERATING
ACTIVITIES
1. Profits before tax
2. Adjustments for:
Depreciation of fixed assets and investment
properties
Provisions
Interest expenses
3. Operating profits before changing in working
capital
Increase, decrease in receivables
Increase, decrease in inventories
Increase, decrease in payables ( exclusive of interest
of payable, corporate income tax payables)
Increase, decrease in prepaid expenses
Interest paid
Corporate income tax paid
Other payments on operating activities
Net cash flows from operating activities
II.NET CASH FLOWS FROM INVESTING
ACTIVITIES
1. Purchases or construction of fixed assets and other
long-term assets
2. Collection of loans, dividend and profits divided
Net cash flows from investing activities
Note
Year 2017
Year 2016
72,575,552,062
56,193,363,358
522,719,412
15,828,969,081
(2,534,690,125)
600,043,034
451,604,680
41,185,911,213
(1,671,315,357)
317,993,153
09
10
86,992,593,464
(102,192,737,097)
31,890,595,901
96,477,,557,047
(134,377,840,455)
(63,703,867,894)
11
12
14
15
17
20
(83,327,755,467)
110,479,713
(600,043,034)
(12,394,050,181)
(5,072,750,000)
(84,593,666,701)
235,172,443,334
(110,790,006)
(317,993,153)
(8,905,570,271)
(46,885,382)
124,187,053,220
(310,000,000)
2,534,690,125
2,224,690,125
(707,616,364)
1,671,315,357
963,698,993
01
02
03
05
06
08
21
27
30
5.7
4.11
Those attached notes are integral part that cannot be separated in the Financial Statements.
DOAN NHAT MECHANICAL ELECTRICAL JOINT STOCK COMPANY
Address: 122 Pho Quang, Ward 9,
Phu Nhuan District, Ho Chi Minh City
FINANCIAL STATEMENTS
For the fiscal year ended 31/12/2017
Form No. B 03 – DN
STATEMENTS OF CASH FLOWS
(Indirect method)
For the year ended at 31/12/2017
Unit: VND
ITEMS
III.CASH FLOWS FROM FINANCIAL
ACTIVITIES
1.Proceed from borrowings
2.Repayment of principal
3.Dividends, profits paid to owners
Net cash flows from financial activities
Code
Note
33
34
36
40
6.1
6.2
4.16
Year 2017
81,279,205,042
64,431,852,045
(37,192,687,253) (85,591,269,901)
(35,461,800,000) (24,354,000,000)
8,624,717,789 (49,513,417,856)
NET CASH FLOWS OF THE YEAR
Cash and cash equivalents at the beginning of the
year
Effect of exchange rate fluctuations
50
60
(73,744,258,787)
79,145,163,424
61
-
NET CASH FLOWS AT THE END OF YEAR
70
4.1
Year 2016
5,400,904,637
75,637,334,357
3,507,829,067
79,145,163,424
(Signed and sealed)
(Signed)
(Signed)
Nguyen Duy Phap
Director
Nguyen Tien Vinh
Chief Accountant
Tran Thi Thanh Xuan
Prepared by
Ho Chi Minh City, on March 27th, 2018
Those attached notes are integral part that cannot be separated in the Financial Statements.
DOAN NHAT MECHANICAL ELECTRICAL JOINT STOCK COMPANY
Address: 122 Pho Quang, Ward 9,
Phu Nhuan District, Ho Chi Minh City
FINANCIAL STATEMENTS
For the fiscal year ended 31/12/2017
NOTES TO THE FINANCIAL STATEMENTS
1.
OPERATIONAL CHARACTERISTICS OF BUSINESS
1.1
Form of ownership
Doan Nhat Mechanical Electrical Joint Stock Company (the “Company”) was established
under Business License Number 4103008205 on October 22nd, 2007 and issued by Department
of Planning and Investment and License changed afterward with the most recent change on the
date of August 9th, 2017.
The Company’s charter capital is VND 33,000,000,000
The Company’s head office is located at 122 Pho Quang, Ward 9, Phu Nhuan District, Ho Chi
Minh City.
1.2
Business fields:
Trade, construction
1.3
Principal activities:
According to Certificate of business registration, businesses of the Company are:
 Construction of other civil engineering projects. Details: installation of electrical project
to 35KV.
 Wholesale other machinery and equipment n.e.c. Details: Purchase of machinery and
electrical equipment- electronics – refrigeration – mechanical - water supply – water
treatment – food processing; purchase and sale of construction equipment, industrial
equipment, generators, electric motors; purchase of information equipment –
telecommunications, parabolic satellite systems, CCTV systems, anti-theft protection
system, automatic fire alarm.
 Architectural and engineering activities and related technical consultancy. Details: design
electrical part of civil and industrial;
 Repair of machine. Details: repair of electrical machinery and equipment – electronics –
refrigeration mechanical - water supply – water treatment - food processing; repair of
construction equipment, generators, electric motors (except for mechanical processing,
recycling, electroplating);
 Installation of industrial machinery and equipment. Installation of electrical machinery
and equipment – electronics – refrigeration - mechanical - water supply – water treatment
- food processing; purchase of information equipment - telecommunications, parabolic
satellite systems, CCTV systems, anti-theft protection system, automatic fire alarm.
 Other manufacturing n.c.e. Details: -Repair of electrical machinery and equipment –
electronics – refrigeration mechanical - water supply – water treatment - food processing
(except for mechanical processing, recycling, electroplating).
1.4
Normal operating cycle:
The normal operating cycle of the Company is 12 months.
DOAN NHAT MECHANICAL ELECTRICAL JOINT STOCK COMPANY
Address: 122 Pho Quang, Ward 9,
Phu Nhuan District, Ho Chi Minh City
FINANCIAL STATEMENTS
For the fiscal year ended 31/12/2017
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
2. THE BASIS OF MAKING FINANCIAL STATEMENTS
2.1 Accounting standards and applied accounting system
The attached financial statements are presented by the Vietnamese dong (“VND”), in
accordance with the basis price and they comply with Vietnamese Accounting Standards,
Enterprise Accounting System and current accounting systems in Vietnam.
2.2 Form of accounting record
The Company is applying Computerized accounting form.
2.3 Annual accounting period
Annual accounting period commences from January 1st and ends on December 31st.
2.4 Accounting currency
The Company maintains its accounting records in VND.
3. Principal applied accounting policies
3.1 Foreign currency
 The applied rates in accounting are the real exchange rates
 The applied rates when recording and re-determining assets are rates of
purchasing foreign currency
 The applied rates when recording and re-determining payables are rates of selling
foreign currency
3.2 Accounting estimates
That the Board of Directors’ Financial Statements must involve estimates and
assumption that can affect assets data, payables and presentations of assets and potential
payables as at December 31st, 2017 together with revenues and expenses for fiscal year
ends at December 31st, 2017. Even though the Financial Statements are made by all
knowledge of the Board of Directors, actual incurred numbers shall differ from the initial
estimates and assumption.
3.3 Cash and cash equivalents
Cash and cash equivalents consist cash on hand, cash in transit.
Cash equivalents are determined to meet the Accounting Standard “Statements of cash
flows”.
DOAN NHAT MECHANICAL ELECTRICAL JOINT STOCK COMPANY
Address: 122 Pho Quang, Ward 9,
Phu Nhuan District, Ho Chi Minh City
FINANCIAL STATEMENTS
For the fiscal year ended 31/12/2017
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
3.4 Receivables
Recognition principles
Receivables consist customer receivables and other receivables which are presented in
accordance with evaluating records of customer receivables and other receivables after deducting
provisions which are prepared for bad-debts.
Provisions for doubtful debts
Provisions for doubtful debts are prepared for overdue accounts receivable and receivables with
completely bad evidence. Provisions for doubtful debts are reasonably extracted along with
instructions of Circular No. 228/2009/TT-BTC issued by Ministry of Finance on December 07th,
2009 and the evaluation of the Board of Directors which based on the ability to collect
receivables at the time of making the financial statements.
That increasing or decreasing provisions of account balance is audited in the enterprise operation
expenses in the Business activities report.
3.5 Inventories
Recognition principles of inventories
Inventories are calculated on the basis of the price which is lower than the original price and the
net value can be recognized.
Real estates in progress for sale or lease are recorded in accordance with the price lower than
cost price and the net that can be recognized. Cost price includes expenses directly related land
clearance, compensation for land clearance and construction that include borrowing costs. The
net value can be recognized by taking current sale price minus estimated expenses in order to
finish construction or residential projects and costs of sale and estimated marketing.
Methods for determining value of inventories
The cost of inventory is calculated by weighted average method.
Method for auditing inventories
Inventories are audited by regularly enumerate method.
3.6 Tangible fixed assets
Tangible fixed assets are stated as the original price minuses the accumulated depreciation.
Recognition principles and determination of initial value
The original price of tangible fixed assets includes purchase price and whole expenses directly
relating to the state of being ready to use. In case where purchasing fixed assets attached
replacing equipment, accessories, they must be determined and recorded with each replacing
equipment, accessories as in the reasonable price calculated and the original price eliminated
from tangible fixed assets.
The original price of tangible fixed assets is constructed by contractors including the value of
completed work handed over, other directly relevant expenses and registration tax.
The original price of tangible fixed assets is self-made including construction expenses, real
incurred production and installation costs, and then trial period minuses the value of products
recalled during the trial period.
DOAN NHAT MECHANICAL ELECTRICAL JOINT STOCK COMPANY
Address: 122 Pho Quang, Ward 9,
Phu Nhuan District, Ho Chi Minh City
FINANCIAL STATEMENTS
For the fiscal year ended 31/12/2017
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
Methods of depreciation
The original price of tangible fixed assets is depreciated by straight-line method during the time
of estimated feasibility of assets.
Depreciation period estimates to some assets as follows:

Buildings and structures
20 – 25 years

Machine, equipment
06 – 08 years

Transport or transmission
12 years

management equipment and tools
05 – 06 years
3.7 Intangible fixed assets
Intangible fixed assets are stated as the original price minuses the accumulated depreciation.
Recognition principles and determination of initial value
The original cost is the whole expenses that enterprise lets off to own the intangible fixed assets
until the using time.
Accounting principles in intangible fixed assets
Land use right
It is the value of the land use right at No. 122 Pho Quang Street, Ward 9, Phu Nhuan District, Ho
Chi Minh City, Vietnam and the land plot located at No. 135/29 Go Xoai , Binh Hung Hoa A
Ward, Binh Tan District, Ho Chi Minh City, Vietnam. Indefinite land use right is not depreciated.
Computer software
Computer software which is not is considered to be intangible fixed assets and it is depreciated
during the using time.
3.8 Prepaid expenses
Prepaid expenses divided are short-term prepaid expenses and long-term prepaid expenses as in
the original term and are mainly expenses relating to the cost price of tools and equipment, etc.
these items are allocated during the time that economic benefits are expected to be created.
3.9 Payables
Payable are classified as payables to the seller and payable on a basis principle, in which:
payables to the seller are accrued from commercial transaction of goods, services, assets and the
seller is independent of the purchaser; Those remaining payables are classified as other payables.
Payables are monitored in accordance with the original term, the remaining term at the time of
reporting, the original currency and by each subject.
Payables are recognized not less than the payment obligation.
3.10 Borrowing costs
All interest expenses shall be recorded to the accrued business activities report.
DOAN NHAT MECHANICAL ELECTRICAL JOINT STOCK COMPANY
Address: 122 Pho Quang, Ward 9,
Phu Nhuan District, Ho Chi Minh City
FINANCIAL STATEMENTS
For the fiscal year ended 31/12/2017
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
3.11 Provision for payables
A provision for payable is only recorded when, due to result of a fact happened, Company have
current legal obligations or jointly liable obligation and certainly decreases in economic benefits
may happen leading to the requirements for payments of debt obligation. Provisions for payables
are not recorded losses may happens.
The provision payables shall be set up on the basis of expenses for repayment of debt obligations
3.12 Unearned revenues
Unearned revenues include: revenues received in advance such as: revenues corresponding to
uncompleted and in progress goods.
Inventories, determination and transferred revenue that are not realized shall be listed to the
turnover in the year in accordance with the progress of the completion of the work
3.13 Owner’s equity
Owner’s invested capital
Owner’s invested capital is stated at actually contributed capital of owners.
Dividend
Dividend is stated at a payable on the date of dividend declaration.
Investment and development fund
Investment and development fund is set up in accordance with stipulations of Company’s
regulations.
Distributed profits
Net profits after enterprise income tax shall be distributed to shareholders after having passed by
the Shareholders’ meeting and having set up provisions fund under Company’s regulations and
Vietnamese legal regulations.
3.14 Revenue, other incomes
Revenue from sale of goods
Revenue from sale of goods is confirmed as in reasonable value of amounts collected and
amounts will be collected. In most cases, revenue shall be recorded when delivering to
purchasers most of risks and economic benefits attached to goods ownership.
Revenue from construction contracts
Revenue from construction contracts is recorded under accounting policies on construction
contracts as presented below.
Deposits
Deposits are recorded on the basis of accruals and confirmed as in deposit account and applied
interests.
DOAN NHAT MECHANICAL ELECTRICAL JOINT STOCK COMPANY
Address: 122 Pho Quang, Ward 9,
Phu Nhuan District, Ho Chi Minh City
FINANCIAL STATEMENTS
For the fiscal year ended 31/12/2017
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
3.15 Construction contracts
When the outcome of a construction contract can be estimated reliably, revenues and expenses
corresponding to the contract shall be recorded in proportion to completed work dated on the end
of the accounting period in accordance with the percentage among accrued expenses of
completed work that ended on the accounting period and total cost estimate, excepting these
expenses are not relevant to the volume of completed construction. These expenses may include
additional expenses, compensations, performance bonus as agreed with customers.
When the outcome of a construction contract cannot be estimated reliably:
 Revenues are only recorded corresponding to the contract’s expenses that
 Contracts’ expenses are used to record expenses during the time that they are accrued.
3.16 Cost of goods sold
Cost of goods sold and providing services are the total accrued expenses of goods, products,
services, investment property, costs of production of construction products which are sold during
the period under principles corresponding to enterprise. Expenses which are beyond the normal
standard shall be recorded immediately on cost of goods sold.
3.17 Financial expenses
Financial expenses reflect accrued expenses during the main period which includes borrowing
expenses, accrued losses due to foreign exchange, loss on exchange rate.
3.18 Selling expenses and general administration expenses
Selling expenses is used to record real accrued expenses during the time of selling products,
goods, providing services, including cost of introducing products, promoting products and
commission, etc.
General administration expenses is used to record overhead cost of business including salary
expenses of business’ administration staffs (such as salary, wage, allowances, etc); social
insurance, health insurance, labor union expenses, unemployment insurance of administration
staff, expenses of office materials, labor instruments, depreciation of fixed assets used for
administration, lease rent, license tax, provision for bad debts, outsource services (such as
electricity, water, telecommunication, fax, property insurance, fire, etc.) and other cash expenses.
3.19 Tax
Current enterprise income tax expenses (EIT)
Current enterprise income tax expenses that are confirmed on the basis of taxable income and
enterprise income tax rate in the current year is 20%.
Value added tax
The value added tax of goods and services which is provided by Company is calculated as in the
tax rate of 10%.
4
DOAN NHAT MECHANICAL ELECTRICAL JOINT STOCK COMPANY
Address: 122 Pho Quang, Ward 9,
Phu Nhuan District, Ho Chi Minh City
FINANCIAL STATEMENTS
For the fiscal year ended 31/12/2017
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
Other taxes
Applied in accordance with Vietnamese current tax law.
3.20 Basic earnings per share
Basic earnings per share is calculated by dividing Company’s profit after tax after excerpting from bonus
and welfare fund for the total number of shares of common shares in circulation during the period ,
excluded the number of shares acquired by the company and retained as treasury stock.
3.21 Diluted earnings per share
Diluted earnings per share is calculated by dividing Company’s profit after tax after excerpting from
bonus and welfare fund for the total number of shares of common shares in circulation during the period,
excluded the number of shares acquired by the company and retained as treasury stock.
3.22 Related parties
Parties are considered to be businesses, individuals that are direct parties or indirect parties through one or
many intermediaries, having power to control Company or being under the control of Company, or jointly
control with the company. Those affiliated companies, direct or indirect parties which hold the
Company’s voting rights are able to greatly affect the Company. In addition, those who are key
management personnel including director, executive officers of the Company, closed family members of
these individuals or companies affiliated with these individuals are considered to be related parties.
4. ADDITIONAL INFORMATION FOR ARTICLES THAT DISPLAYED ON BALANCE SHEET.
4.1: Cash and cash equivalents
On December 31st, 2017
On January 1st ,2017
VND
VND
Cash on hand
Long-term cash at bank
366,063,135
576,488,542
Amount equivalent cash
5,034,841,502
37,291,089,317
41,277,585,565
Total
5, 400,904,637
(See next page)
79,145,163,424
DOAN NHAT MECHANICAL ELECTRICAL JOINT STOCK COMPANY
Address: 122 Pho Quang, Ward 9,
Phu Nhuan District, Ho Chi Minh City
FINANCIAL STATEMENTS
For the fiscal year ended 31/12/2017
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
4.2 Short-term receivables from customers
On December 31st 2017
VND
On January 1st 2017
VND
Tan Lien Phat Construction &
Investment Joint Stock Company
117,403,468,803
38,136,061,326
Phu Quoc Travel Development &
Investment Joint Stock Company
113,522,588,064
55,253,593,205
36,139,353,529
15,461,586,767
Vincom Construction & Consultant
Limited Company
27,863,753,931
Other costumers
Total
7,250,370,320
294,929,164,327
196,101,611,618
On December 31st 2017
VND
On January 1st 2017
VND
Viet Long Service & Technical Limited
Company
6,845,481,825
-
Other Providers
2,284,388,130
4,646,554,334
Total
9,129,869,955
4,646,554,334
4. 3 Short-term prepaid for seller
4.4 Other short-term receivables
Receivables from
employees
Collateral,
Deposits
Other receivables
Total
On December 31st, 2017
VND
Value
Provision
18,43,625,710
On January 1st, 2017
VND
Value
Provision
2,265,068,490
-
298,004,993
-
170,750,071
341,016,912
-
1,164,960,287
2,482,647,615
-
3,600,778,848
-
DOAN NHAT MECHANICAL ELECTRICAL JOINT STOCK COMPANY
Address: 122 Pho Quang, Ward 9,
Phu Nhuan District, Ho Chi Minh City
FINANCIAL STATEMENTS
For the fiscal year ended 31/12/2017
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
4,5 Merchandise Inventories
Merchandise Inventories is business produce cost in progress at works following details
81 Lanmark Work
Procuracy Work
South Hoi An Vin
Pearl Work
Hai Phong Vinmec
Work
Other Work
Total
On December 31st 2017
VND
Value
Provision
64,116,158,307
42,789,914,744
-
On January 1st 2017
VND
Value
Provision
62,743,891
18,584,444,580
-
38,847,281,751
-
-
-
25,259,368,730
-
-
-
39,399,127,103
-
223,655,258,065
-
210,411,850,635
-
242,302,446,536
-
(See next page)
DOAN NHAT MECHANICAL ELECTRICAL JOINT STOCK COMPANY
Address: 122 Pho Quang, Ward 9,
Phu Nhuan District, Ho Chi Minh City
FINANCIAL STATEMENTS
For the fiscal year ended 31/12/2017
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
4.6 Increase or Decrease in tangible fixed assets
Items
Buildings and
structures
VND
Machine,
equipment
VND
Transportation,
equipment
VND
Office equipment
and furniture
VND
Total
VND
Original Cost:
On January 1st2017
Purchase in the year
2,252,040,390
-
226,798,000
-
1,339,386,364
310,000,000
709,159,155
-
4,527,383,909
310,000,000
On December 31st 2017
2,252,040,390
226,798,000
1,649,386,364
709,159,155
4,837, 383,909
Accumulated depreciation:
On January 1st 2017
Depreciation in the year
720,513,060
134,280,612
153,561,135
28,349,748
837,839,009
223,231,068
266,216,439
130,097,988
On December 31st 2017
854,793,672
181,910,883
1,061,070,077
396,314,427
2,494,089,059
1,531,527,330
73,236,865
501,547,355
442,942,716
2,549,254,266
1,397,246,718
44,887,117
588,316,287
312,844,728
2,343,294
Others:
On January 1st 2017
On December 31st 2017
1,978,129,643
515,959,416
DOAN NHAT MECHANICAL ELECTRICAL JOINT STOCK COMPANY
Address: 122 Pho Quang, Ward 9,
Phu Nhuan District, Ho Chi Minh City
FINANCIAL STATEMENTS
For the fiscal year ended 31/12/2017
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
4.7 Increase or Decrease in intangible fixed assets:
Items
Land use rights
VND
Software
VND
Total
VND
Original cost:
On January 1st 2017
18,457,250,000
99,800,000
18,557,050,000
On December 31st
2017
18,457,250,000
99,800,000
18,557,050,000
66,000,000
6,759,996
66,000,000
6,759,996
-
72,759,996
72,759,996
18,457,250,000
33,800,000
18,491,050,000
18,457,250,000
27,040,004
18,484,290,004
Accumulated
depreciation:
On January 1st 2017
Depreciation in the
year
-
On December 31st 2017
Others:
On January 1st 2017
On December 31st
2017
4.8. Short-term payables:
The value of tools for distribution
4.9 Short-term seller payables:
On December 31st 2017
VND
Value
Capable Paying
On January 1st 2017
VND
Value
Capable Paying
Thanh Dung TM
MTV Limited
Company
Quy Dan Electrical
Equipment Limited
Company
43,419,908,406
43,419,908,406
27,322,401,992
27,322,401,992
39,920,373,467
39,920,373,467
2,093,338,687
2,093,338,687
Other subject
payables:
99,919,415,287
99,919,415,287
98,049,489,030
98,049,489,030
183,259,697,160
83,259,697,160
127,465,229,709
127,465,229,709
Total:
4
DOAN NHAT MECHANICAL ELECTRICAL JOINT STOCK COMPANY
Address: 122 Pho Quang, Ward 9,
Phu Nhuan District, Ho Chi Minh City
FINANCIAL STATEMENTS
For the fiscal year ended 31/12/2017
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
4.10. Short-term prepaid of buyer:
Tan Lien Phat Construction &
Investment Joint Stock Company
Vinpearl Joint Stock CompanyQuang Nam Branch
Other companies
Total
On December 31st 2017
VND
35,255.523.781
On January 1st 2017
VND
38.134.757.853
13.574.640.949
-
6.321.545.233
5.086.274.880
55.151.709.963
43.221.032.733
(See next page)
DOAN NHAT MECHANICAL ELECTRICIAL JOINT STOCK COMPANY
Address 122 Pho Quang Street, Ward 09
Phu Nhuan District, Ho Chi Minh City
FINANCIAL STATEMENTS
For the year 2017 ended 31/12/2017
NOTES TO THE FINANCIAL STATEMENTS (AS CONTINUED)
4.11. Taxes and other payables to the state
Output VAT payable
Export and import tax
Business income tax
Personal income tax
Other fees
Total
On the date 31/12/2017
VND
Receivables
Payables
2.784.864.824
9.179.480.364
3.128.017.417
-
15.092.362.605
In the year
VND
Payables
Paid
42.537.087.596
56.085.749.502
160.780.818
160.780.818
14.741.151.452
12.394.050.181
6.324.757.434
5.689.604.582
72.680.209
72.680.209
63.836.457.509
4.12. Employment payables
Overtime wages of Month 11th,12th and 13th of 2017 must pay to employees.
(See next page)
74.402.901.292
On the date 01/01/2017
VND
Receivables
Payables
- 16.333.526.730
6.832.379.093
2.492.900.565
-
25.658.806.388
DOAN NHAT MECHANICAL ELECTRICAL JOINT STOCK COMPANY
Address: 122 Pho Quang, Ward 9,
Phu Nhuan District, Ho Chi Minh City
FINANCIAL STATEMENTS
For the fiscal year ended 31/12/2017
NOTES TO THE FINANCIAL STATEMENTS (AS CONTINUED)
4.13 Short-term unrealized revenues
They are pre-received revenues of constructions as follows:
As at
31/12/2017
VND
As at
01/01/2017
VND
Procuracy Construction
Landmark Plus 1, 2
Vinhomes Newport Urban City
Landmark 05 Construction
Other constructions
15,587,532,622
13,662,443,113
10,125,721,474
6,062,001,127
1,163,857,800
19216,921,337
26,595,753,355
140,586,634,844
Total
46,601,556,136
186,399,309,536
4.14 Provisions for short-term payables
They are provisions for ensuring constructions’ details as follows:
Vinpearl Phu Quoc Construction
Vinhomes Newport Urban City
Other constructions
As at
31/12/2017
VND
27,557,702,687
26,998,109,179
9,224,958,368
As at
01/01/2017
VND
15,678,367,364
16,193,938,398
26,079,495,319
Total
73,780,770,234
57,951,801,153
(See next page)
Doan Nhat Mechanical Electricial Joint Stock Company
Address 122 Pho Quang Street, Ward 09
Phu Nhuan District, Ho Chi Minh City
Financial Statements
For the year 2017 ended 31/12/2017
NOTES TO THE FINANCIAL STATEMENTS (AS CONTINUED)
4.15. Short-term loans
Total
On the date 31/12/2017
VND
Value
Paying
capability
44.086.517.789
44.086.517.789
In the year
VND
Increase
81.279.205.042
Decrease
37.192.687.253
On the date 01/01/2017
VND
Value
Paying
capability
-
Short-term loans are loans from commercial banks for the purpose of supplementary capital. The loans are detailed as follows:

Short-term loans from Joint Stock Commercial Bank for Foreign Trade of Vietnam - Tan Binh Branch under the loan agreement of 01/284
/ TBN-KDN / 17NH on October 9th 2017 with a loan limit of VND 100,000,000,000, loan term of 06 months. This loan enjoys a fixed
interest rate of 1% per annum throughout the term of the loan. The loan balance on December 31st 2017 is VND 38,296,201,249.

Short-term loans from Vietnam Joint Stock Commercial Bank for Industry and Trade - Ho Chi Minh City Branch No.3 in accordance with
Credit Agreement No. 01/2017-HDCVHM / NHCT906-DOAN NHAT on March 17th 2017, with a loan limit of 100,000 .000.000 VND,
the loan period is until January 10th , 2018. This loan bears interest at the adjusted interest rate specified in each debenture, and is secured
by receivables from the supply and installation of Smarthome at the Park 6 of Vinhomes Central Park at 720 Dien Bien Phu Street, Ward
22, Binh Thanh District, HCM city. The loan balance on December 31st 2017 is VND 5,790,316,540.
(See next page)
4
Doan Nhat Mechanical Electricial Joint Stock Company
Address 122 Pho Quang Street, Ward 09
Phu Nhuan District, Ho Chi Minh City
Financial Statements
For the year 2017 ended 31/12/2017
NOTES TO THE FINANCIAL STATEMENTS (AS CONTINUED)
4.16. Owner’s equity
Entries of owner’s equity
Contributed capital
VND
On 01/01/2017
Increase in prior year
Set up development and
investment fund from profit
Bonus and welfare fund from
profit
Dividends in 2015
Others
33.000.000.000
-
Development and
investment funds
VND
18.859.963.930
1.186.921.452
24.354.000.000
44.660.337.215
(1.186.921.452)
76.213.963.930
44.660.337.215
-
-
-
(8.011.615.763)
(8.011.615.763)
(46.885.382)
(24.354.000.000)
-
(24.354.000.000)
(46.885.382)
20.000.000.000
381.758.867
35.461.800.000
58.139.879.268
(381.758.867)
88.461.800.000
58.139.879.268
-
-
(12.277.520.401)
(12.277.520.401)
(381.758.867)
20.000.000.000
(35.461.800.000)
45.480.600.000
(35.461.800.000)
(381.758.867)
98.480.600.000
-
On 01/01/2017
33.000.000.000
Increase in current year
Set up development and
investment fund from profit
Bonus and welfare fund from
profit
Dividends in 2015
Others
On 31/12/2017
33.000.000.000
4.16.1. Comparison table of owner’s equity fluctuations
Total
VND
DOAN NHAT MECHANICAL ELECTRICAL JOINT STOCK COMPANY
Address: 122 Pho Quang, Ward 9,
Phu Nhuan District, Ho Chi Minh City
FINANCIAL STATEMENTS
For the fiscal year ended 31/12/2017
NOTES TO THE FINANCIAL STATEMENTS (AS CONTINUED)
4.16.2 Details of owner’s invested capital
REE M&E Joint Stock Company
Other shareholders
As at
31/12/2017
VND
11,550,000,000
21,450,000,000
As at
01/01/2017
VND
11,550,000,000
21,450,000,000
Total
33,000,000,000
33,000,000,000
As at
31/12/2017
VND
As at
01/01/2017
VND
3,300,000
3,300,000
3,300,000
3,300,000
3,300,000
3,300,000
4.16.3 Stocks
Amounts of common stocks issued
Amounts of common stocks publicly sold
Amounts of common stocks outstanding
Par value of outstanding stocks
4.17 Basic earnings and decline per share
Profits after enterprise income tax
Extract from bonus and welfare fund
Profits to basic earnings and decline per shares
Amounts of common shares circulated in the year
Basic earnings and decline per share
Year 2017
VND
58,139,879,268
(12,277,520,401)
Year 2016
VND
44,660,337,215
(8,011,615,763)
45,862,358,867
36,648,721,452
3,300,000
3,300,000
13,898
11,106
5. Amendments to items presented in the business activities report
5.1 Goods sold and providing services report
As providing and installing constructions
5.2 Original sales price
As the original price of providing and installing constructions.
DOAN NHAT MECHANICAL ELECTRICAL JOINT STOCK COMPANY
Address: 122 Pho Quang, Ward 9
Phu Nhuan District, Ho Chi Minh City
FINANCIAL STATEMENTS
For financial year ended on December 31st, 2017
NOTES TO THE FINANCIAL STATEMETS (AS CONTINUED)
5.3. Business activities revenue
Bunisness activities revenue is interest from saving in the year.
5.4. Financial expense
In 2017
VND
In 2016
VND
Debt interest
Difference exchange rate lost
600,043,034
23,999,168
317,993,153
96,228,989
Total
624,042,202
414,222,142
In 2017
VND
In 2016
VND
Managing Employee expense
Stationeries expens
Fixed property depreciation expense
Tax, cost and fee
Outside bought services expense
Other monetary expense
23,088,514,247
185,855,094
442,467,636
755,498,257
6,154,485,375
891,985,655
28,299,656,219
191,369,071
417,374,299
293,035,010
3,527,100,143
426,969,203
Total
31,518,806,264
33,155,503,765
In 2017
VND
In 2016
VND
Convert construction insurance expense
Other incomes
Convert export tax
29,533,388,177
1,1784,429,685
-
16,235,067,093
649,281,196
1,719,075,075
Total
31,317,817,862
18,603,423,364
5.5. Enterprise management expense
5.6. Other incomes
(Continue in next page)
DOAN NHAT MECHANICAL ELECTRICAL JOINT STOCK COMPANY
Address: 122 Pho Quang, Ward 9
Phu Nhuan District, Ho Chi Minh City
FINANCIAL STATEMENTS
For financial year ended on December 31st, 2017
NOTES TO THE FINANCIAL STATEMETS (AS CONTINUED)
5.7. Business production expense as per elements
Materials expense
Labor expense
Fixed property depreciation expense
Outside bought services expense
Other monetary expense
Total
In 2017
VND
In 2016
VND
767,988,320,479
406,690,598,725
522,719,412
57,984,826,858
74,265,440,123
734,208,310,383
277,788,563,316
451,604,680
65,110,276,910
87,046,435,888
1,307,451,905,597
1,164,605,191,168
In 2017
VND
In 2016
VND
72,575,552,062
887,114,423
73,462,666,485
20%
56,193,363,358
1,471,767,359
57,665,130,717
20%
14,692,533,297
(256,860,503)
11,533,026,143
-
14,435,672,794
11,533,026,143
5.8. Current enterprise income tax expense
Before tax accounting profit in the year
Total: Increasing amounts
Taxable income from main business activity
Enterprise income tax export tax
Enterprise income tax expense from main business activity
Adjusting last year enterprise income tax
Enterprise income tax expense caculated on current year
taxable income
Increasing amounts of essential taxable income are Items not to be viewed as expense/income when taxing as per
regulations of Enterprise Income Tax Law.
6. ADDITIONAL INFORMATION FOR ITEMS ON CURRENCY SHIFTING STATEMENTS
6.1. Actual amount borrowed in the year
Collected money from commonly borrow as per convenant
In 2017
VND
In 2016
VND
81,279,205,042
64,431,582,045
In 2017
VND
In 2016
VND
37,192,687,253
89,591,269,901
6.2. Actual originaly debt amount paid in the year
Amount of paid original debt as per convenant
DOAN NHAT MECHANICAL ELECTRICAL JOINT STOCK COMPANY
Address: 122 Pho Quang, Ward 9
Phu Nhuan District, Ho Chi Minh City
FINANCIAL STATEMENTS
For financial year ended on December 31 st, 2017
NOTES TO THE FINANCIAL STATEMETS (AS CONTINUED)
7. INFORMATION OF RELATED PARTIES
List of related parties
Relationship
1. REE M&E MECHANICAL ELECTRICAL JSC
2. Member of Board of Management
3. Member of Board of Director
Considerable influent shareholder
Essential management staff
Essential management staff
During the year, the Company had have essential transactions with related parties as follows:
In 2017
VND
In 2016
VND
Dividend payment:
REE M&E Mechanical Electrical JSC
Board of Management and Board of Director
15,918,210,000
15,924,191,388
12,411,630,000
12,416,293,764
Total
31,842,401,388
24,827,923,764
Compensation of Board of Management, income of Board of Director and other essential management staffs with salary as follows:
Compensation of Board of Management
Income of Board of Director
In 2017
VND
In 2016
VND
710,000,000
5,613,414,630
562,000,000
4,137,000,000
In 2017
VND
In 2016
VND
614,749,000
555,481,481
8. INCOME BOARD OF SUPERVISOR
Income Board of Supervisor
9. EVENTS AFTER FINANCIAL YEAR ENDED
There were no important events occur during the period from after the day the financial year ended to the day the financial
statements were issued.
(signed and sealed)
(signed)
(signed)
Nguyen Duy Phap
Director
Ho Chi Minh City, March 27th, 2018
Nguyen Tien Vinh
Chief accountant
Tran Thi Thanh Xuan
Preparer
4