Consolidated balance sheet as of 31 December 2008

ItaExpress

01/21/2009 11:44 am

					Unit: 000'VND

ASSETS		Code	Note	Ending balance	Beginning balance

A -	CURRENT ASSETS	100		2,266,854,278	3,618,685,480

I.	Cash and cash equivalents	110	III.1	116,307,644	1,005,136,914
1.	Cash	111		115,507,644	655,030,794
2.	Cash equivalents	112		800,000	350,106,120

II.	Short-term investments	120	III.2	7,509,872	188,730,700
1.	Short-term investments	121		42,264,230	202,115,050
2.	Provisions for devaluation of short-term investments	129		(34,754,358)	(13,384,350)

III.	Accounts receivable	130		609,211,128	524,301,064
1.	Receivable from customers	131	III.3	361,929,274	126,574,277
2.	Prepayments to suppliers	132	III.4	206,189,469	283,195,813
3.	Short-term inter-company receivable	133		-	-
4.	Receivable according to the progress of construction contracts	134		-	-
5.	Other receivable	135	III.5	41,092,385	114,530,974
6.	Provisions for bad debts	139		-	-

IV.	Inventories	140	III.6	1,505,455,663	1,749,515,294
1.	Inventories	141		1,505,455,663	1,749,515,294
2.	Provisions for devaluation of inventories	149		-	-

V.	Other current assets	150		28,369,971	151,001,508
1.	Short-term prepaid expenses	151		4,664,962	533,109
2.	VAT to be deducted	152		1,057,597	1,368,399
3.	Taxes and other accounts receivable from the State	154		3,647,663	-
4.	Other current assets	158	III.7	18,999,749	149,100,000


For the fiscal year ended 31 December 2008
Consolidated balance sheet (cont.)

ASSETS		Code	Note	Ending balance	Beginning balance

B -	LONG-TERM ASSETS	200		4,047,699,570	1,687,531,321

I.	Long-term accounts receivable	210		750,435,308	503,258,446
1.	Long-term accounts receivable from customers	211	III.3	750,435,308	503,258,446
2.	Working capital in affiliates	212		-	-
3.	Long-term inter-company receivable	213		-	-
4.	Other long-term receivable	218		-	-
5.	Provisions for bad debts	219		-	-

II.	Fixed assets	210		86,466,430	52,480,205
1.	Tangible assets	221	III.8	42,118,005	37,196,964
	Historical costs	222		58,313,427	51,896,424
	Accumulated depreciation	223		(16,195,422)	(14,699,460)
2.	Financial leasehold assets	224		11,200,000	-
	Historical costs	225		14,000,000	-
	Accumulated depreciation	226		(2,800,000)	-
3.	Intangible assets	227	III.9	27,351,709	15,283,241
	Initial costs	228		27,547,656	15,349,728
	Accumulated amortization	229		(195,947)	(66,487)
4.	Construction-in-progress	230		5,796,716	-

III.	Investment property	240		-	-
	Historical costs	241		-	-
	Accumulated depreciation	242		-	-

IV.	Long-term investments	250	III.10	3,210,265,869	1,108,485,203
1.	Investments in affiliates	251		-	-
2.	Investments in business concerns and joint ventures	252		173,725,700	906,309,665
3.	Other long-term investments	258		3,053,900,694	202,175,538
4.	Provisions for devaluation of long-term investments	259		(17,360,525)	-

V.	Goodwill	260		-	207,441

VI.	Other long-term assets	270		531,963	23,100,026
1.	Long-term prepaid expenses	271		429,370	-
2.	Deferred income tax assets	272		-	22,664,237
3.	Other long-term assets	278		102,593	435,789

	TOTAL ASSETS	270		6,314,553,848	5,306,216,801


For the fiscal year ended 31 December 2008
Consolidated balance sheet (cont.)

LIABILITIES AND OWNER'S EQUITY		Code	Note	Ending balance	Beginning balance

A -	LIABILITIES	300		1,691,203,094	1,869,620,984

I.	Current liabilities	310		1,319,410,556	1,395,117,743
1.	Short-term debts and loans	311	III.11	255,261,603	85,742,401
2.	Payable to suppliers	312	III.12	59,968,858	64,221,818
3.	Advances from customers	313	III.13	212,889,288	248,629,467
4.	Taxes and other obligations to the State Budget	314	III.14	21,549,818	83,181,412
5.	Payable to employees	315		35,609	-
6.	Accrued expenses	316	III.15	691,556,370	883,995,280
7.	Inter-company payable	317		-	-
8.	Payable according to the progress of construction contracts	318		-	-
9.	Other payable	319	III.16	78,149,010	29,347,365
10.	Provisions for short-term accounts payable	320		-	-

II.	Long-term liabilities	320		371,792,538	474,503,241
1.	Long-term accounts payable to suppliers	331		-	-
2.	Long-term inter-company payable	332		-	-
3.	Other long-term payable	333		9,410,501	1,748,131
4.	Long-term debts and loans	334	III.17	279,466,248	332,152,713
5.	Deferred income tax payable	335		82,264,930	139,910,914
6.	Provisions for unemployment allowances	336		650,859	691,483
7.	Provisions for long-term accounts payable	337		-	-


B -	OWNER'S EQUITY	400		4,623,844,197	3,428,115,443

I.	Owner's equity	410	III.18	4,587,145,297	3,428,115,443
1.	Capital	411		1,322,447,640	971,932,540
2.	Share premiums	412		2,584,112,693	1,671,642,709
3.	Other sources of capital	413		-	-
4.	Treasury stocks	414		(2,941,100)	(18,000)
5.	Differences on asset revaluation	415		-	-
6.	Foreign exchange differences	416		-	-
7.	Business promotion fund	417		-	-
8.	Financial reserved fund	418		9,154,986	7,654,986
9.	Other funds	419		-	-
10.	Undistributed net profit	420		674,371,078	776,903,208
11.	Construction investment fund	421		-	-

II.	Other sources and funds	430		36,698,900	-
1.	Bonus and welfare funds	431		36,698,900	-
2.	Sources of expenditure	432		-	-
3.	Fund to form fixed assets	433		-	-
				-
C -	MINORITY INTERESTS	500		(493,443)	8,480,374

	TOTAL LIABILITIES AND OWNER'S EQUITY	440		6,314,553,848	5,306,216,801
				-	-

For the fiscal year ended 31 December 2008
Consolidated balance sheet (cont.)

OFF-BALANCE SHEET ITEMS

ITEMS			Note	Ending balance	Beginning balance

1.	Leasehold assets			-	-
2.	Materials and goods kept or processed for others			-	-
3.	Goods deposited by others			-	-
4.	Bad debts already treated			-	-
5.	Foreign currency (USD)			17,361.43	377,596.00
6.	Estimates for non-business and project expenditure			-	-

				Ho Chi Minh City, 20 January 2009