Đóng

Biểu mẫu kế toán

28Tháng 11

MẪU THUYẾT MINH BÁO CÁO TÀI CHÍNH TIẾNG ANH

 

This note form is to explain some essential financial items presented on the financial statements of ……………………………… CO., LTD for the fiscal year from the date January 1st, 2004 to December 31st, 2004. This note form is an integral part the financial statements

 

  1. BUSINESS HIGHLIGHTS :

 

  1. Foundation : ………………………………CO., LTD is 100% foreign capital company. The company was established under the Investment License No. 073/GP-KCN-VS dated 15th November 2002, No. 073/GPÑC1-KCN-VS dated 07th January 2004 and No. 073/GPÑC2-KCN-VS dated 11st May 2004 issued by the Management Board of VSIP Industrial Park.

The operating time of Pu Kyong Vietnam is 44 years.

The investment capital of the company          :    2.000.000  USD

The legal capital of the company                 :    1.350.000  USD

 

  1. The company’s main activities: produce and bury metal elements, plastic elements to use in electric, electronic, car, motorbike and tool sports of brands.

 

  1. Number of employees: 87 persons, in which 13 management persons.

 

  1. The address of company: VSIP Industrial Park, Thuan An District, Binh Duong Province

 

  1. The significant impact to operations in the reporting period: None

 

  1. Accounting policies apply at the business:

 

  1. Accounting policies:

Apply to Vietnamese accounting standard system issued by the Finance Ministry attaching the Decision No 1141 TC/QÑ/CÑKT dated 01st November 1995, the Circular letter No 55/2002/TT-BTC dated 26th June 2002, the Circular letter No 89/2002/TT-BTC dated 9th September 2002 and Circular letter No. 105/2003/TT-BTC dated 4th November 2003 issued by The Ministry of Finance.

 

  1. Fiscal year:

The first fiscal year  : from 15th November 2002 to 31st December 2003

The later fiscal year : from 01st January to 31st December, annually.

 

 

 

 

 

  1. Monetary unit uses in writing accounting book and the change method into other currency:

Writing in accounting book: using Vietnam Dong (VND).

The change method into other currency is to follow the audit rate or the rate, which the VietNam National Bank at the time when business transactions happen. Transactions arising in other currencies will be translated into Vietnam dong at exchange rates ruling at the balance sheet date. The exchange rates ruling at December 31st 2004 is 15.739 VND/USD.

 

  1. Accounting book form applies:

The registered accounting system is general journal form

 

  1. The accounting method for fixed assets:

The principal values fixed assets: following the historical price.

Depreciation method of fixed assets: Straight – Line method.

The annual rates for each asset in accordance with Decision No. 206/2003/QD-BTC dated 12nd December 2003 issued by Vietnamese Finance Ministry.

 

  1. The accounting method for inventories:

The principal values inventories: following the real purchase price (Goods, raw materials bringing to the warehouse based on actual price which equal the price based on invoice and other expenses concern such as transportation, import duty…)

The method defines the inventory value at the end of the period: Weighted – average

The method keeps inventory account:  regular enumeration

 

  1. Tax:
  • Annually business income tax equals 10% (ten percents) the received profit.
  • The enterprise has been exempted business income tax in 4 years since the year when its operation to have profit and reduced 50% (fifty percents) in next 4 years.
  • The other kinds of taxes follow current regulations at the time paying tax annually

 

III.    DETAIL OF ESSENTIAL ITEMS IN THE FINANCIAL STATEMENTS

 

Unit: VND

Year 2003                                  Year 2004                     

  1. Cash 505.414.076 9.334.017

Including :

  • Cash on hand 955.692                                   2.657.342
  • Cash in bank 458.384                                 6.676.675

Including :

Cash in bank in VND       204.458.384                                   6.662.686

Cash in bank in USD                      –                                       13.989


  1. Inventories

                                                                     Unit: VND

Year 2003                                  Year 2004

Raw materials                         1.631.335.486                            1.794.534.491

Tools and Supplies                      309.738.618                               336.519.686

Work in progress                        304.848.799                               908.762.336

Finished goods                           511.965.909                               393.204.989

Goods on consignment                 488.472.354                                   3.319.737

TOTAL                                  3.246.361.166                            3.436.341.239

 

  1. Fixed assets:
                                                                                Unit : VND
  1. Tangible fixed assets :

In which :

Tangible fixed assets                         :                            6.885.952.672

Historical cost               (31/12/2004) :                             7.460.147.047

Accumulated depreciation (31/12/2004)   :                             (574.194.375)

 

Items Buildings Machinery & Equipment Office equipment Total
3.1 The historical cost :

3.1.1. Opening balance

3.1.2. Additions:

Including:- New purchases

– New construction

3.1.3. Disposals:

Including:- Liquidation

– Sale

3.1.4. Closing balance

Including:- Not in use

– Fully depreciated

– Awaiting disposal

 

6.394.367.357

38.850.000

38.850.000

6.433.217.357

 

173.179.394

821.214.354

821.214.354

14.152.858

980.240.890

 

149.233.314

57.365.120

 

 

91.868.194

 

 

6.716.780.065

860.064.354

821.214.354

38.850.000

71.517.978

7.505.326.441

3.2. Accumulated Depreciation:

3.2.1. Opening balance

3.2.2. Charge for the period

3.2.3. Disposals

3.2.4. Closing balance

 

131.186.470

313.260.028

444.446.498

 

1.568.730

100.350.076

101.918.806

 

10.363.425

28.037.000

3.041.455

35.358.970

 

143.118.625

441.647.104

3.041.455

581.724.274

3.3. Net book value:

3.3.1. Opening balance

3.3.2. Closing balance

 

6.263.180.887

5.988.770.859

 

171.610.664

878.322.084

 

138.869.889

56.509.224

 

6.573.661.440

6.923.602.167

 


  1. Finance lease fixed assets :
                                                                                       Unit : VND

 

Items Machinery & Equipment Means of transport Total
The historical cost:

– Opening balance

– Additions:

– Disposals:

– Closing balance

 

10.487.618.305

4.713.403.043

15.201.021.348

 

645.404.000

14.238.096

659.642.096

 

11.133.022.305

4.727.641.139

15.860.663.444

Accumulated Depreciation:

– Opening balance

– Charge for the period

– Disposals

– Closing balance

 

294.350.590

2.906.478.825

3.200.829.415

 

10.756.734

131.928.416

142.685.150

 

305.107.324

3.038.407.241

3.343.514.565

Net book value:

– Opening balance

– Closing balance

 

10.193.267.715

12.000.191.933

 

634.647.266

516.956.946

 

10.827.914.981

12.517.148.879

 

Notes : The annual rates for each assets in accordance with Decision No. 206/2003/QD-BTC dated 12nd December 2003 issued by Vietnamese Finance Ministry.

 

  1. Manufacturing expenses and operating expenses (31/12/2004)

 

                                                          Unit: VND

     

Items

The year 2004

Raw materials expenses

Direct labour expenses

Depreciation expenses

Other expenses

12.918.794.626

1.117.169.912

3.480.054.345

4.325.821.668

Total

21.841.840.551

 


  1. Increase and Decrease in Owner’s equity :

             Unit : VND

 

Items Open. balance Increase Decrease Close. balance
I-Working Capital

1.    Working Capital

II-Funds

1.    Business development fund

2.    Reserved fund

3.    Bonus and Welfare fund

III-Construction capital

14.207.868.919

14.207.868.919

14.207.868.919

14.207.868.919

Total 14.207.868.919             – 14.207.868.919

 

 

  1. Account receivable and account payable:

                                                                                                           Unit : VND

Items Open. balance Close. balance Total amount aren’t paid
Total Out standing Total Out standing  
1/Acconts receivable 1.874.719.724   5.019.309.196    
Accounts receivable-trade 1.250.214.212   4.936.375.255    
VAT deductible 596.378.526   82.933.941    
Other receivable 28.126.986      
2/ Liabilities 13.387.902.918   22.353.763.203    
2.1 Current liabilities 13.387.902.918   22.353.763.203    
Account payable-trade 13.244.041.708   22.094.203.599    
Payable to employees 124.567.756   235.795.752    
Tax and payable to state budget 4.862.104   9.205.172    
Other payable 14.431.350   14.558.680    
2.2 Long-term Liabilities      
2.2 Others      

 

In which : The argued reason causes to not pay liabilities : none

Notes :  Detailed of receivable-trade and payable-trade as at 31/12/2004 :

                                                                                               Unit: VND

  • Receivable-trade :
  1. Pukyong Metal Co. 4.859.000.276
  2. Estec Vina 21.580.359
  3. Kieán Ñaït 31.311.896
  4. Coâng Nghieäp Ñaïi Haøn 15.789.038
  5. KMC 2.639.450
  6. Saøi Goøn Precision 5.718.736
  7. Cty TNHH Chua Ho 335.500

Total                                                                              4.936.375.255

  • Payable-trade :
  1. KCN Vieät Nam – Singapore 151.822.783
  2. Kexim Vieät Nam 13.300.140.276
  3. XD KD Ñòa Oác VN 18.223.590
  4. Coâng Ngheä ITPC 252.493.056
  5. Pukyong Metal Co. 8.344.137.139
  6. CN Töù Haûi 27.386.755

    TotalG                                                                                 22.094.203.599

 

 


 

  1. Business operation and operation position :

                                                                                     Unit : VND

 

 

Items 2003 2004
1.    Total gross sale

2.    Less deduction

3.    Income (1-2)

4.    Total expenses and cost of goods sold

5.    Net profits before tax (3-4)

6.    Business income tax

7.  Net profits after tax (6-5)

1.901.417.439

1.901.417.439

2.724.305.549

(822.886.110)

(822.886.110)

17.736.350.465

570.441

17.735.780.024

22.307.744.949

(4.571.664.925)

(4.571.664.925)

 

 

  1. Legal capital contributed:

 

Items

Legal capital

Amount contributed

Pu Kyong Vietnam Co., Ltd 1.350.000 USD 910.294 USD  

 

In year 2003, rate of collecting legal capital is 67,43%

 

 


  1. Some indexes to evaluate the position of business :

 

Items Unit 2003 2004
1.    Assets’ structure and profitability :

1.1. Assets’ structure

–  Fixed Assets/Total Assets

–  Current Assets/ Total Assets

1.2. Profitability

–  Liabilities/Total resources

–  Owner’s equity/ Total resources

2.     Financial situation :

2.1. Short-term liabilities ratio

2.2. Quick ratio

3.    Ratio of profit :

3.1. Net income / Net sales

–           Profit before tax / Net sales

–           Profit after tax / Net sales

3.2.Net income / Total asset:

–         Profit before tax / Total asset

–         Profit after tax / Total asset

3.3. Profit before tax / Owner’s equity

 

 

%

%

 

%

%

 

Time

Time

 

 

%

%

 

%

%

%

 

 

 

 

 

72.86

27.14

 

71.39

28.61

 

0.38

0.0004

 

 

(25.78)

(25.78)

 

(14.60)

(14.60)

(51.03)

 

Note: The planned figures have no data, so not to report.

 

                                                                                Dated 07th March  20…..

Chief Accountant                                                      Genaral Director

 

                 

Biểu mẫu kế toán Related