Consolidated cash flow statement (Indirect method) As of 31 December 2008

ItaExpress

01/21/2009 11:34 am

					Unit: 000'VND

				Accumulate
ITEMS		Code	Note	This year	Last year

I.	Cash flows from operating activities

1.	*Profit before tax*	01		*413,005,340*	*461,817,876*
2.	*Adjustments*
-	Depreciation of fixed assets	02	V.8,V.9,V.11	4,638,569	3,912,303
-	Provisions	03		52,564,883	810,525
-	Gain/ (loss) from foreign exchange differences	04		-	76,295
-	Gain/ (loss) from investing activities	05		29,591,493	(44,549,810)
-	Loan interest expenses	06	VI.14	28,140,025	29,442,448
3.	*Operating profit before changes*
	*of working capital*	08		*527,940,310*	*451,509,637*
-	Increase/ (decrease) of accounts receivable	09		63,131,170	(180,649,362)
-	Increase/ (decrease) of inventories	10		(22,788,230)	(20,520,595)
-	Increase/ (decrease) of accounts payable	11		(101,950,996)	309,108,480
-	Increase/ (decrease) of prepaid expenses	12		(4,037,660)	(889,456)
-	Loan interests already paid	13		(28,247,396)	(29,442,448)
-	Corporate income tax already paid	14		(84,058,308)	(50,139,126)
-	Other gains	15		1,443,160	433,162
-	Other disbursements	16		(695,828)	(328,830)

	Net cash flows from operating activities	20		350,736,222	479,081,462

II.	Cash flows from investing activities

1.	Purchases and construction of fixed assets
	and other long-term assets	21	V.10,V.11	(36,999,067)	(649,256,170)
2.	Gains from disposals and liquidation of fixed assets
	and other long-term assets	22		-	78,576,260
3.	Loans given and purchases of debt instruments
	of other entities	23		(1,506,081,320)	-
4.	Recovery of loans given and disposals of debt
	instruments of other entities	24		1,465,055,320	4,500,000
5.	Investments into other entities	25		(2,955,929,807)	(1,354,548,724)
6.	Withdrawals of investments in other entities	26		364,860,262	-
7.	Receipts of loan interests, dividends and profit shared	27		8,832,784	9,584,924

	*Net cash flows from investing activities*	30		*(2,660,261,828)*	*(1,911,143,710)*


For the fiscal year ended 31 December 2008
Consolidated cash flow statement (cont.)

				Accumulate
ITEMS		Code	Note	This year	Last year

III.	Cash flows from financing activities

1.	Gains from stock issuance and capital contributions
	from shareholders	31	V.21	1,347,282,403	2,357,778,840
2.	Repayment for capital contributions and re-purchases
	of stocks already issued	32	V.25	(2,922,686)	(18,000)
3.	Short-term and long-term loans received	33	V.17,V.24	1,329,741,641	1,442,823,483
4.	Loan principal amounts repaid	34	V.17,V.24	(1,215,357,004)	(1,393,862,738)
5.	Payments for financial leasehold assets	35		(1,168,018)
6.	Dividends and profit already paid to the owners	36		(36,880,000)

	Net cash flows from financing activities	40		1,420,696,336	2,406,721,585

	Net cash flows during the year	50		(888,829,270)	974,659,337

	Beginning cash and cash equivalents	60	V.1	1,005,136,914	30,477,577

	Effects of fluctuations in foreign exchange rates	61

	Ending cash and cash equivalents	70	V.1	116,307,644	1,005,136,914
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				Ho Chi Minh City, 20 January 2009