Exercise 5

In accordance with preliminary information on financial statements of QTGAXC Co., Ltd for the financial year
ending dated 31/12/202x and additional information below. Please make a cash flow for QTGAXC.

- In accordance with Decision of the general meeting of shareholders (GMS), the Company has paid profit
to Owners at 15% of Charter Capital, has deducted VND 250,000,000, and VND 850,000,000 from Bonus
Fund of Executive Board and Welfare Fund respectively.
- During the year, the Union organized a summer vacation for employees with a total budget of 350,000,000
VND.
- During the year, the Company took a long-term loan from a bank to invest 15 billion VND in its subsidiary
named Intern.

I. BALANCE SHEETS

ASSETS Codes Closing balance Opening balance

A - CURRENT ASSETS 100 16,011,884,041 14,785,332,863

I. Cash and cash equivalents 110 1,721,677,955 3,482,253,753

1. Cash 111 1,721,677,955 3,482,253,753
II. Short-term financial investments 120 8,000,000,000 -
1. Held-to-maturity investments 123 8,000,000,000 -
II. Short-term receivables 130 5,216,000,500 10,188,650,000
1. Short-term trade receivables 131 5,060,000,000 10,030,000,000
2. Other short-term receivables 136 156,000,500 158,650,000
III. Inventories 140 350,000,000 450,000,000
1. Inventories 141 350,000,000 450,000,000
III. Other short-term assets 150 724,205,586 664,429,110
1. Short-term prepayments 151 402,500,000 407,000,000
2. Value added tax deductibles 152 250,350,000 165,000,000
3. Taxes and other receivables from the State budget 153 71,355,586 92,429,110

B - NON-CURRENT ASSETS 200 18,700,000,000 2,687,000,000

I. Long-term receivables 210 150,000,000 150,000,000

1. Other long-term receivables 216 150,000,000 150,000,000
II. Fixed assets 220 3,200,000,000 2,250,000,000
1. Tangible fixed assets 221 3,200,000,000 2,250,000,000
- Cost 222 4,000,000,000 2,500,000,000
- Accumulated depreciation 223 (800,000,000) (250,000,000)
II. Long-term financial investments 120 15,000,000,000 -
1. Investment in subsidiary 123 15,000,000,000 -
II. Other long-term assets 260 350,000,000 287,000,000
1. Long-term prepayments 261 350,000,000 287,000,000

TOTAL ASSETS (270 = 100 + 200) 270 34,711,884,041 17,472,332,863

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RESOURCES

C. LIABILITIES 300 20,570,209,345 11,051,086,598

I. Current liabilities 310 5,570,209,345 11,051,086,598

1. Short-term trade payables 311 1,500,000,000 8,050,000,000
2. Taxes and amounts payable to the State budget 313 512,104,713 370,978,473
3. Payables to employees 314 2,720,126,728 2,480,134,344
5. Other current payables 319 487,977,904 149,973,781
8. Bonus and welfare funds 322 350,000,000
II. Long-term liabilities 330 15,000,000,000 -
1. Long-term debt and lease financing 338 15,000,000,000 -

D - EQUITY 400 14,141,674,656 6,421,246,265

- -
I. Owner’s equity 410 14,141,674,656 6,421,246,265
1. Owner’s contributed capital 411 13,100,000,000 3,100,000,000
- Ordinary shares carrying voting rights 411a 13,100,000,000 3,100,000,000
2. Retained earnings 421 1,041,674,656 3,321,246,265
- Retained earnings accumulated to the prior year end 421a 256,246,265 2,727,609,603
- Retained earnings of the current year 421b 785,428,391 593,636,662

TOTAL RESOURCES (440 = 300 + 400) 440 34,711,884,001 17,472,332,863

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II. PROFIT AND LOSS STATEMENT

ITEMS Codes Current year Prior year

1 2 4 5

1. Gross revenue from goods sold and services rendered 01 29,950,000,000 27,750,000,000
2. Deductions 02 - -
2. Net revenue from goods sold and services rendered 10 29,950,000,000 27,750,000,000
(10 = 01)
3. Cost of sales 11 24,205,151,910 22,386,714,772
4. Gross profit from goods sold and services rendered 20 5,744,848,090 5,363,285,228
(20 = 10 - 11)
5. Financial income 21 15,886,370 42,398,089
6. Financial expenses 22 35,550,216 58,240,347
- In which: Interest expense 23 7,000,000 -
7. Selling expenses 25 - -
7. General and administration expenses 26 4,719,910,903 4,528,829,212
8. Operating profit 30 1,005,273,341 818,613,758
{30 = 20 + (21 - 22) - 26}
9. Other income 31 815,000 203
10. Other expenses 32 5,817,579 368,947
11. Profit from other activities (40 = 31 - 32) 40 (5,002,579) (368,744)
12. Accounting profit before tax (50 = 30 + 40) 50 1,000,270,762 818,245,014
13. Current corporate income tax expense 51 214,842,371 224,608,352
15. Deferred corporate income tax expense 52 - -
14. Net profit after corporate income tax 60 785,428,391 593,636,662
(60 = 50 - 51)

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III. NOTES TO THE FINANCIAL INFORMATION FOR BALANCE SHEETS AND PROFIT & LOSS STATEMENT

1. Cash and cash equivalents

Closing balance Opening balance

VND VND
Cash on hand 1,019,000 34,815,000
Cash in bank 1,720,658,955 3,447,438,753
Cash equivalent - -
Total 1,721,677,955 3,482,253,753

2. Short-term financial investments

Closing balance Opening balance

Original value Book value Original value Book value

VND VND VND VND

Held-to-maturity investments
- 12-month term deposit 8,000,000,000 8,000,000,000 - -

3. Trade receivables

Closing balance Opening balance

VND VND
Receivables from related parties
Parent company - ABCSEFGH Co., Ltd 5,060,000,000 10,030,000,000
Total 5,060,000,000 10,030,000,000

4. Other receivables

Closing balance Opening balance

VND VND
a) Current 156,000,500 158,650,000
Advances to employees 25,000,000 30,000,000
Deposits and mortgages 131,000,500 128,650,000
131,000,500 128,650,000

b) Non-current 150,000,000 150,000,000

Deposits and mortgages 150,000,000 150,000,000
Others - -
Total 306,000,500 308,650,000

5. Prepayments

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 Closing balance Opening balance
VND VND
a) Short term 752,500,000 694,000,000
Tools and equipment expenses 2,500,000 44,000,000
Office rental and management fee for the first quarter of 2019 750,000,000 650,000,000

b) Long term - -
Tools and equipment expenses - -
Total 752,500,000 694,000,000

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 6. Increasing/Decreasing fixed assets

Means of transportation Management equipment Total

VND VND VND
Original cost
On Jan 01 2016 2,500,000,000 - 2,500,000,000
- Buy in 2016 1,500,000,000 - 1,500,000,000
On Jun 30 2016 4,000,000,000 - 4,000,000,000
ACCUMULATED DEPRECIATION
On Jan 01 2016 250,000,000 - 250,000,000
- Deduction in 2016 550,000,000 - 550,000,000
On Jun 30 2016 800,000,000 - 800,000,000
The remaining value
On Jun 30 2016 3,200,000,000 - 3,200,000,000

On Jan 01 2016 2,250,000,000 - 2,250,000,000

7. Long-term investments

At the end of 202x

Cost Provision Reasonable

Investment in equity of VND VND VND

other entities
INTERN Jsc 15,000,000,000 - 15,000,000,000
Total 15,000,000,000 - 15,000,000,000

8. Trade payables

Closing balance Opening balance

Amount Amount able to Amount Amount able to
be paid off be paid off
VND VND VND VND

Short - term trade payables 1,250,000,000 1,250,000,000 8,020,000,000 8,020,000,000

ABC Company - - 4,250,000,000 4,250,000,000
XYZ Company - - 1,670,000,000 1,670,000,000
KLG Company 1,250,000,000 1,250,000,000 2,100,000,000 2,100,000,000
Others 250,000,000 250,000,000 30,000,000 30,000,000
Total 1,500,000,000 1,500,000,000 8,050,000,000 8,050,000,000

9. Long-term liabilities

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 Số cuối năm Trong năm Số đầu năm
Giá trị Số có khả năng Giảm Tăng Giá trị Số có khả
trả nợ năng
trả nợ
VND VND VND VND VND VND
Ngân hàng Đầu tư phát triển 15,000,000,000 15,000,000,000 - 15,000,000,000 - -
Việt Nam -Chi nhánh KHG
Cộng 15,000,000,000 15,000,000,000 - 15,000,000,000 - -

10. Equity volatility

Owner’s
contributed capital Retained earnings Total
VND VND VND
Prior year’s opening balance 3,100,000,000 2,727,609,603 5,827,609,603
Profit for the year - 593,636,662 593,636,662
Increasing in refunding of
corporation income tax in
2012 - - -
Current year’s opening
balance 3,100,000,000 3,321,246,265 6,421,246,265
Capital increase 10,000,000,000 - 10,000,000,000
Profit for the year - 785,428,391 785,428,391
Dividends payment - (1,965,000,000) (1,965,000,000)
Executive board bonus - (250,000,000) (250,000,000)
Deducting bonus and welfare
fund (850,000,000) (850,000,000)
Current year’s closing
balance 13,100,000,000 1,041,674,656 14,141,674,656

11. Net revenue from goods sold and services rendered

Năm nay Năm trước

VND VND
Tổng doanh thu bán hàng và cung cấp dịch vụ
Doanh thu cung cấp dịch vụ phần mềm 29,950,000,000 27,750,000,000
Cộng 29,950,000,000 27,750,000,000
Trong đó:
Doanh thu đối với bên liên quan
Công ty MẸ …...... 29,950,000,000 27,750,000,000
Cộng 29,950,000,000 27,750,000,000

12. Cost of sales

Năm nay Năm trước

VND VND
Giá vốn dịch vụ phần mềm đã cung cấp 24,205,151,910 22,386,714,772
Cộng 24,205,151,910 22,386,714,772

13. Financial income

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 Năm nay Năm trước
VND VND
Lãi tiền gửi 3,800,025 42,398,089
Lãi chênh lệch tỷ giá 12,086,345 -
Cộng 15,886,370 42,398,089

14. Financial expense

Năm nay Năm trước

VND VND
Chi phí lãi vay 7,000,000 -
Lỗ chênh lệch tỷ giá 28,550,216 58,240,347
Cộng 35,550,216 58,240,347

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15. General and administration expenses

Năm nay Năm trước

VND VND
Các khoản chi phí quản lý doanh nghiệp phát sinh trong năm
Chi phí vật liệu, công cụ, dụng cụ 65,839,463 108,884,605
Chi phí nhân công 2,202,924,791 2,159,440,692
Chi phí khấu hao TSCĐ 550,000,000 250,000,000
Thuế, phí và lệ phí 7,229,167 2,000,000
Chi phí dịch vụ mua ngoài 1,613,913,878 1,619,313,663
Chi phí khác 280,003,604 389,190,252
Cộng 4,719,910,903 4,528,829,212

16. Operation and business costs by factors

Năm nay Năm trước

VND VND
Chi phí nguyên liệu, vật liệu 778,306,675 331,510,130
Chi phí nhân công 24,144,511,055 22,801,554,041
Chi phí khấu hao tài sản cố định 550,000,000 250,000,000
Chi phí dịch vụ mua ngoài 3,165,012,312 3,141,289,561
Chi phí khác bằng tiền 287,232,771 391,190,252
Cộng 28,925,062,813 26,915,543,984