AF21-036 BCKiT Laudert2020 - 01032020 - Vi - F (E)

Audited Financial Statement
For the fiscal year ended December 31, 2020

No: 0304-02/2021/BCKiT
LAUDERT VIET NAM CO.,LTD

Tax code : 0 3 1 3 4 2 0 5 3 1
LAUDERT VIET NAM COMPANY LIMITED
CONTENTS Pages
1. BOARD OF GENERAL DIRECTOR'S REPORTS 1
2. REPORT OF INDEPENDENT AUDITORS 2
3. AUDITED FINANCIAL STATEMENT
Balance sheet as at December 31, 2020 3-4
Income statement
for the year ended 31 December 2020 5
Statement of cash flow

for the year ended 31 December 2020 6
Notes to the financial statement

for the year ended 31 December 2020 7 - 17
BOARD OF GENERAL DIRECTOR'S REPORTS
Board of General Director of Laudert Viet Nam Company Limited (briefly the “Company”) have the pleasure in
presenting this report and the audited financial statements of the Company for the fiscal year ended December 31,
2020.
1. The Board of Directors

Member of the Board of Directors of the Company in 2020 include:
Name Position
JOERG REWER Chairma
n
JOHANNES ESSELING Managing director
2. The Company’s head office

The Company's head office is located at No. 43D/8 Ho Van Hue, Ward 9, Phu Nhuan District, Ho Chi Minh City.
3. Main operations
According to the Business Registration Certificate, the Company has functions of doing business in the following
main industries:
-Computer Programming;
- Consulting on computers and computer system administrator, details: system analysis service;
- Information technology services and other services related to computers, website design services.
4. Assessment of business operation
The result of the Company’s business operations for the fiscal year ended December 31, 2019 are shown on the
financial statements from page 03 to page 17.
5. Contingencies and other subsequent events

In the opinion of the Company's Board of Directors, there are no notable events that have occurred from the
balance sheet date to the date of this statement that could mislead the figures reflected in the report. Company
finance
6. Auditors
Khang Viet Auditing and Consulting Company Limited (KVAC) has been appointed to perform the audit of the
Company’s financial statements for the fiscal year ended December 31, 2020.
7. The opinion of The Board of Management
In the opinion of the Board of Directors, the financial statements truthfully reflect the financial position of the
Company as at 31 December 2020 of business results, the cash flow situation for the fiscal year. end of date, in
accordance with Vietnamese accounting standards, accounting regime for enterprises and legal regulations
related to the preparation and presentation of financial statements.
Up to the date of this statement, the Board of Directors has found that there are no unusual issues that could affect
the Company's ability to continue to operate and that the Company is able to repay all debts that are due.
JOHANNES ESSELING
Managing director
Ho Chi Minh, March 4, 2021
Trang 1
REPORT OF INDEPENDENT AUDITORS
Laudert Viet Nam Co., Ltd
No: 0304-02/2021/BCKiT
To: Board of Director

We have audited the accompanying financial statements of Laudert Vietnam Company Limited (hereinafter referred to as
the "Company" for short), made on March 10, 2020, from pages 03 to 18, including Including the balance sheet, as at 31
December 2019, Income statement, Equity change report (if any), Cash flow statement for the year ended and Notes to the
financial statements.
The Board of Directors’ responsibility
The Board of General Directors of the Company is responsible for the preparation and fair presentation of these
financial statements in accordance with Vietnamese Accounting Standards, Vietnamese Accounting System and
applicable statutory requirements to the preparation and presentation of the financial statements, and is
responsible for the internal controls that the Board of General Directors determines necessary to ensure the
preparation and presentation of the financial statements that are free from material misstatement, whether due to
fraud or error.
Auditor's responsibility
Our responsibility is to express an opinion on the financial statements based on our audit. We conducted our audit
in accordance with Vietnamese Standards on Auditing. Those standards require that we comply with ethical
requirement and 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 procedures to obtain audit evidence supporting the amounts and disclosures in the
financial statements. The procedures selected depend on the auditors’ judgment, including the assessment of the
risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk
assessment, the auditor considers internal control relevant to the Company’s preparation and fair presentation of
the financial statements in order to design audit procedures that are appropriate in the circumstances, but not for
the purpose of expressing an opinion on the effectiveness of the Company’s internal control. An audit also includes
evaluating the appropriateness of accounting policies used and the reasonableness of accounting estimates made
by the Board of Directors, as well as evaluating the overall presentation of the financial statements.
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit
opinion.
Auditors’ opinion
In our opinion, the accompanying financial statements give a true and fair view in all material respects of the
financial position of CF Vina Company Limited as at December 31, 2019 and the results of its operations and its
cash flows for the year then ended in accordance with Vietnamese Accounting Standards, Vietnamese Enterprise
Accounting System and applicable statutory requirements to the preparation and presentation of the financial
statements.

KHANG VIET AUDITING CONSULTING COMPANY LIMITED
General Director Auditor
Vo Duy Trung Nguyen Thi My Suong

Audit Practice Certificate No. 1276-2018-181-1 Audit Practice Certificate No. 4698-2019-181-1
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LAUDERT VIET NAM CO., LTD
BALANCE SHEET
As at December 31, 2020
(Curency: VND)
Assets Code Note Closing balance Opening balance
1 2 3 4 5
Current assets
A. (100 = 110+120+130+140+150) 100 5,112,886,126 4,880,127,761
I. Cash and cash equivalent 110 V.01 826,655,375 2,277,462,004

1. Cash 111 826,655,375 2,277,462,004
II. Short term investments 120 - -
III. Account receivable 130 2,577,197,702 706,045,041
1. Short-term account receivable from customers 131 V.02 1,360,504,677 449,548,902
6. Other short-term receivable 136 V.03a 1,216,693,025 256,496,139
IV. Inventories 140 - -
V. Other current assets 150 1,709,033,049 1,896,620,716
1. Short-term prepaid expense 151 V.06a 297,909 510,972,675
2. Deductible VAT 152 1,708,735,140 1,385,648,041
B. Non current assets 200 1,157,679,752 920,322,448

(200 = 210+220+240+250+260)
I. Long term account receivable 210 55,000,000 5,000,000
6. Other long-term receivable 216 V.03b 55,000,000 5,000,000
II. Fixed assets 220 464,990,215 798,152,320
1. Tangible assets 221 V.04 464,990,215 798,152,320
- Cost 222 2,997,087,740 2,822,156,831
- Accumulated depreciation 223 (2,532,097,525) (2,024,004,511)
2. Finance lease assets 224 - -
3. Intangible assets 227 V.05 - -
- Cost 228 275,225,636 275,225,636
- Accumulated amortisation 229 (275,225,636) (275,225,636)
III. Investment properties 230 - -
IV. Long-term assets in progress 240 - -
V. Financial investments 250 - -
VI. Other non current assets 260 637,689,537 117,170,128
1. Long-term prepayment expense 261 V.06b 637,689,537 117,170,128
Total assets (270 = 100+200) 270 6,270,565,878 5,800,450,209
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BALANCE SHEET (conts)

As at December 31, 2020
(Curency: VND)
Resources Code Note Closing balance Opening balance
1 2 3 4 5
A. Liabilities (300 = 310+330) 300 617,099,449 581,914,613
I. Current liabilities 310 617,099,449 581,914,613
1. Short-term payable to suppliers 311 V.07 180,139,203 186,337,587
3. Taxes and payables to the State budget 313 V.08 324,905,705 359,966,942
5. Short-term payable expense 315 V.09 69,545,379 20,000,000
9.Other short-term payable 319 V.10 42,509,162 15,610,084
II. Non current liabilities 330 - -
B. Owner's Equity (400 = 410+430) 400 5,653,466,429 5,218,535,596
I. Owner's Equity 410 5,653,466,429 5,218,535,596
1.Owner's investment capital 411 V.11 3,225,000,000 3,225,000,000
11. Retained earning after income tax 421 2,428,466,429 1,993,535,596
-Retained earning by the end of the previous
period 421a 1,993,535,596 1,610,879,792
-Retained earning by this period 421b 434,930,833 382,655,804
II. Funding sources and other funds 430 - -
Total resources (440 = 300+400) 440 6,270,565,878 5,800,450,209
JOHANNES ESSELING NGUYEN LIEU

Managing director Chief Accountant
Trang 4
INCOME STATEMENT
(Curency: VND)
Items Code Note Current year Previous year
1 2 3 4 5
1. Revenue from selling goods and services 01 VI.01 16,536,076,336 17,412,338,982
2. Deductions 02 - -
3. Net revenue from selling goods and services 10 16,536,076,336 17,412,338,982

(10= 01 - 02)
4. Cost of goods sold 11 VI.02 11,635,468,832 11,288,257,259
Gross profit from selling goods and
5. services (20 = 10 - 11) 20 4,900,607,504 6,124,081,723
6. Financial income 21 VI.03 41,552,477 33,058,559

7. Financial expense 22 VI.04 31,504,035 22,861,615
Including : loan interest 23 - -
8. Selling expense 24 - -
9. Administration expense 25 VI.05 5,624,341,201 5,894,505,507
10. Net profit from selling goods and services

[30 = 20 + (21 - 22) - (24 + 25)] 30 (713,685,255) 239,773,160
11. Other income 31 VI.06 1,229,053,089 250,467,139

12. Other expense 32 VI.07 54,000 43,852
13. Other profit (40 = 31 - 32) 40 1,228,999,089 250,423,287
14. Profit before tax (50 = 30 + 40) 50 515,313,834 490,196,447
15. Current income tax expense 51 V.08 80,383,001 107,540,643
16. Deferred income tax expense 52 - -
Profit after tax
17. (60 = 50 - 51- 52) 60 434,930,833 382,655,804
18. Basic earnings per share 70 - -

19. Deferred income tax expense 71 - -

Managing director Chief accountant
Trang 5
CASH FLOW STATEMENT ( Indirect method)
For the fiscal year ended December 31 2020
(Currency Unit: VND)
Items Code Note This year Previous year
I. Cash flow from operation

2. Profit before tax
- Sales receipts and other revenue 1 15,356,333,909 18,093,693,165
- Cash paid to suppliers 2 (4,345,963,035) (3,514,270,044)
- Cash paid to employees 3 (9,175,705,642) (9,790,252,552)
- Interest paid 4 -
- Enterprise income tax paid 5 (107,540,643) (328,515,215)
- Other receipts from operating activities 6 507,339,073 504,130,986
- Other expenses on operating activities 7 (3,510,804,887) (4,186,774,110)
Net cash flows from operating activities 20 (1,276,341,225)
### 778,012,230
II. Lưu chuyển tiền từ hoạt động đầu tư
- Purchase of fixed assets and other long-term 21 (174,930,909) (508,594,000)

assets
Proceeds from disposals of fixed assets and
- 22 - -
other long-term assets
- Loans, purchase of debt instruments of other

entities 23 - -
- Withdrawals of loans, sales of debt 24 - 110,000,000

instruments of other entities
- Interest and dividends received 27 692,380 16,678,129
Net cash flows from investment activities 30 (174,238,529)

### (381,915,871)
III. Cash flows from financing activities
Receipts from stocks issuing and capital
- contribution 31 - -
- Fund returned to equity owners, issued stocks 32 - -

redemption
- Loan repayment 33 - -
Net cash flows from financing activities 40 - -
Net cash flows in the period 50 (1,450,579,754) 396,096,359
Cash and cash equivalents at the beginning of 60 V.1 2,277,462,004 1,882,686,691
year
Impact of foreign exchange fluctuation 61 (226,875) (1,321,046)
Cash and cash equivalents at the end of year 70 V.1 826,655,375
### 2,277,462,004
(70 = 50+60+61)

Managing director Chief Accountant
Trang 6
NOTES TO THE FINANCIAL STATEMENTS

I. BUSINESS HIGHLIGHT
1. Structure of ownership :
LAUDERT VIET NAM CO., LTD (hereinafter referred to as "the Company") is a company with 100% foreign
invested capital established by LAUDERT GMBH + CO.KG at Von-Braunt Str.8, 48691 Vreden, Germany under the
Business Registration Certificate No. 0313420531 registered for the first time on June 30, 2015, registered for the
4th change on August 2, 2018 by the Department of Planning and Investment of Ho Chi Minh City grant. The
Company is operating under the Investment Registration Certificate No. 7630760722 certified for the first time on
February 5, 2016, the first change on August 13, 2018 issued by the Department of Planning and Investment of Ho
Chi Minh City. .
- Company contributed capital following members and Authorized capital structure as follows:
Capital Capital contribution

Members contribution USD VND Rate
LAUDERT GMBH+ CO.KG 150,000.00 3,225,000,000 100.00%

Total 150,000.00 3,225,000,000 100.00%
2. Business
According to the Business Registration Certificate, the Company has functions of doing business in the following
main industries:
- Computer Programming;
- Consulting on computers and computer system administrator, details: system analysis service;
- Information technology services and other services related to computers, website design services.
II. THE FISCAL YEAR AND THE REPORTING CURRENCY
1. Fiscal year
Fiscal year: begins on January 1 and ends on December 31 annually.
2. Reporting currency
The standard currency unit is used Vietnam Dong (VND).
III. ACCOUNTING STANDARDS, ACCOUNTING SYSTEM
1. Acounting system
The Company applies the Vietnamese Enterprise Accounting System issued Circular No. 200/2014/TT-BTC dated
Dec 22, 2014, Circular No.75/2016 dated May 18,2016, Circular No.53/2016/TT-BTC dated March 21, 2016 and
the Vietnamese Accounting Standards by the Ministry of Finance.
2. Declaration of compliance Accounting Standards and Accounting System
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The Board of General Director ensures to obey the requirements of Vietnamese Accounting Standards and
Vietnamese Accounting Policy in preparing financial statements.
NOTES TO THE FINANCIAL STATEMENTS (Conts)

IV. SIGNIFICANT ACCOUNTING POLICIES
1. Accounting convention
Finance statement have been presented by VND, cost principal, prepared in accordance with the Accounting
standards of Vietnam, The Accounting System of Vietnam and the current regulations relating in Viet Nam.
2. Các loại tỷ giá hối đoái áp dụng trong kế toán
- The bank chooses the exchange rate to apply in accounting: Standard Chartered Bank - City Branch. HCM City
- Exchange rates apply when recording and evaluation assets: buying rate of the bank.
- Rates apply when recording and evaluation liabilities: selling rate of the bank.
3. Cash and cash equivalent
Cash comprises cash on hand, cash in transit and demand deposits
Corresponding money: Is a short-term consulting firm (no more than 3 months), capable of easily converting into
a quantitative of money and does not have much risk in converting to money
4. Trade receivables and other receivables

Trade accounts receivable, advance to suppliers, and other receivables, which are:
- Collected or settled within one (1) year are classified as current assets;
- Collected or settled over one (1) year are classified as non-current assets.
5. Method of distribution in prepaid expenses
The prepaid expenses categories if only related to the current financial year shall be credited to the cost of
production and business in the financial year.
The calculation and allocation of long-term prepaid expenses on production and business costs each accounting
period shall be based on the nature and severity of each type of cost to select the method and rational allocation
criteria.
6. Accounting for financial investments

Other investments at the reporting time, if:
- Having the payback period of less than 1 year or in a business cycle classified as short-term assets;
- Having the payback period of more than 1 year or on a business cycle classified as long-term assets.
Allowance for diminution in value of investments made at the end of the year is the difference between the
historical cost of investments accounted in the ledger and their market value at the time of provision.
Tools and supplies
Tools and supplies put into use are amortized on a straight-line basis over 12 - 36 months' amortization period.
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7. Fixed assets own configuration

Recognition principles
Tangible fixed assets are stated at cost less accumulated amortization. Historical cost of a tangible fixed asset
includes all costs incurred by the Company to acquire the fixed asset up to the date it is ready for use.
Expenses incurred after the initial recognition are recognized as an increase in historical cost of fixed assets only if
they certainly increase the economic benefits in the future due to the use of such assets. Expenses that do not
meet the above condition are recorded as expenses during the year.
When a fixed asset is sold or disposed, its historical cost and accumulated depreciation are written off and any
gain or loss arising from the liquidation is charged to the income or the expenses for the year.
Amortization method
Tangible fixed assets are amortized on a straight-line basis over their estimated useful lives as follows:
Type of fixed assets Year
Machine and equipment 03
8. Intangible fixed assets

Intangible fixed assets are stated at cost less accumulated amortization.
The cost of an intangible fixed asset includes all expenses incurred by the Company to acquire the asset by the
time it is ready for use.
Expenses related to intangible fixed assets incurred after the initial recognition are recognized as production and
business expenses in the period unless they are associated with a specific intangible fixed asset. and increase the
economic benefits from these assets.
When intangible fixed assets are sold or retired, their costs and accumulated depreciation are removed from the
balance sheet and any gain or loss resulting from their disposal is included in the income or expenses during the
year.
Software program
The costs associated with computer software programs are not an integral part of the related hardware
capitalized.
The cost of computer software is all the expenses paid by the Company by the time the software is put into use.
Computer software is amortized on a straight-line basis over 03 years.
9. Recognition of trade and other payables

Payables to the seller, prepayment of the buyer, and other payables at the time of reporting, if:
- With a payment term of less than 1 year and classified as short-term payables;
- Having a payment term of more than 1 year and classified as long-term payables.
Accrued expenses payable
Actual expenses have not been incurred yet, but are deducted from operating expenses in the period to ensure that
actual expenses do not cause sudden changes in production and business costs on the basis of ensuring the principle
of conformity. mix of revenue and cost. When such expenses arise, if there is a difference with the deducted amount,
the accountant shall record additionally or reduce the cost corresponding to the difference.

Trang 9
9. Recognition of trade and other payables (Conts)
Liabilities payable and accrued expenses are recognized for the amount payable in the future related to goods and
services received. Accrued expenses are recorded based on reasonable estimates on the amounts payable.
10. Owner's Equity
Owner’s capital
Owner’s capital are recorded at the actual amount of capital contributed by the owners.
11. Revenue recognition
Revenue from service provision is recognized simultaneously meeting the following conditions:
Sales of services rendered are recognized when the outcome of such transactions can be measured reliably. Where
a service is provided in several periods, the revenue recognized in the period is based on the results of work
completed on the balance sheet date. The outcome of a service delivery transaction is determined when all of the
following conditions are satisfied:
- The revenue can be measured reliably.
- Ability to obtain economic benefits from the transaction of providing such services.
- Determine the part of work to be completed by the end of the financial year.
- Determine the costs incurred for the transaction and the cost to complete the transaction to provide that service.
Financial income
Revenue from financial activities arising from interest, dividends, distributed profits and other financial activities
revenues is recognized when the two following conditions are satisfied simultaneously:
- It is possible to gain economic benefits from such transactions;

- The revenue can be measured reliably
15. Corporate income tax
The company is obliged to pay corporate income tax at the general rate of 20% on taxable income.
According to Resolution 116/2020 / QH14, issued on June 19, 2020, a 30% reduction in corporate income tax
applies to companies with a turnover of less than VND 200 billion.
16. Stakeholders
The parties are considered to be related if one party has the ability to control or exercise significant influence over
the other party in making financial and operating decisions. Parties are also considered to be related if they are
subject to common control or common material influence.
The key management personnel have authority and responsibility for planning, managing and controlling the
activities of the reporting enterprise, including the leaders, the management staff of the company and the close
member of the family of these individuals also constitute related parties.
In considering related parties relationship, the nature of relationship is focused more than the legal form.
The parties related to the Company are: LAUDERT GMBH + CO.KG - Company Owner.

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V. ADDITIONAL INFORMATION FOR THESE ITEMS ARE DISCLOSED IN THE STATEMENT OF FINANCIAL
POSITION
01. Cash and cash equivalent

Items Closing balance Opening balance
- Cash on hand 67,408,953 1,603,324
+ Cash VND 67,408,953 1,603,324
- Cash in bank 759,246,422 2,275,858,680
+ Cash in bank - VND 416,387,298 196,408,680
(*) Deposits in foreign currencies were
+ Cash in bank - Foreign currency (*) USD 14,900.44 equivalent to VND 342,859,124 (as
342,859,124of December 31, 2019,
2,079,450,000
it was USD 90,000.00 equivalent to VND 2,079,450,000).
Total
(*) 826,655,375
Deposits in foreign currencies were USD 14,900.44 equivalent to VND 342,859,124 2,277,462,004
(as of December 31, 2019,
(*) Deposits in foreign currencies were USD 14,900.44 equivalent to VND 342,859,124 (as of December 31, 2019,
(*) Deposits in foreign currencies were USD 14,900.44 equivalent to VND 342,859,124 (as of December 31, 2019,
02. (*) Deposits account
Short-term in foreignreceivable
currenciesfrom
were customers
USD 14,900.44 equivalent to VND 342,859,124 (as of December 31, 2019,
Items USD Closing balance Opening balance
- Receivables from related parties 886,615,568 291,899,328
+ LAUDERT GMBH + CO. KG 38,531.75 886,615,568 291,899,328
- Receivables from other customers 473,889,109 157,649,574
+ WERK II MEDIEN - UND 20594,92 473,889,109 157,649,574
INFORMATIONSGES.MBH
Total 1,360,504,677 449,548,902
03. Other short-term/long-term receivable
a. Short-term prepaid expense

- Receivables from related parties 1,216,693,025 250,467,139
+ LAUDERT GMBH + CO. KG - Annual cost recovery 1,216,693,025 250,467,139
- Receivables from other organizations and individuals - 6,029,000
+ Social insurance - 650,000
+ Health insurance - 225,000
+ Unemployment insurance - 100,000
+ Trade union funds - 54,000
+ Other receivables - 5,000,000
Total 1,216,693,025 256,496,139
b. Other long-term receivable

- Receivables from other organizations and individuals 55,000,000 5,000,000
+ Deposit office rental 50,000,000 -
+ Deposit using Vinasun Taxi card 5,000,000 5,000,000
Total 55,000,000 5,000,000

04. Tangible fixed assets movement
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Items Machinery, Equipment, Total
equipment management tools
Original cost
Opening balance 2,822,156,831 - 2,822,156,831
- Increase in year 174,930,909 - ### 174,930,909
- For sale - - ### -
Closing balance 2,997,087,740 - ### 2,997,087,740
Accumulated depreciation
Opening balance 2,024,004,511 ###
- 2,024,004,511
- Depreciation in year 508,093,014 - ### 508,093,014
- For sale - - ### -
Closing balance 2,532,097,525 ###
- 2,532,097,525
Net book value ###
Opening balance 798,152,320 ###
- 798,152,320
Closing balance 464,990,215 ### ###
- 464,990,215
05. Intangible fixed assets
Items Software Land use rights Total
Original cost
Opening balance 275,225,636 - 275,225,636
- Increase in year - - ### -
Closing balance 275,225,636 - ### 275,225,636
Accumulated depreciation
Opening balance 275,225,636 ###
- 275,225,636
- Depreciation in year - - ### -
Closing balance 275,225,636 ###
- 275,225,636
Net book value ###
Opening balance - ###
- -
Closing balance - ### ###
- -
06. Short-term/long-term prepaid expense
a. Short-term prepaid expense

- Software copyright - 434,706,233
- Prepaid channel rental fee - 72,857,145
- Insurance fees 297,909 3,409,297
Total 297,909 510,972,675

Short-term/long-term prepaid expense

06. (cont)
b. Long-term prepaid expense
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- Tools and supplies 127,294,328 91,337,217
- Repairing offices 41,987,603 25,832,911
- Construction and installation of offices 314,532,813 -
- Property insurance fee in 2020 8,160,503 -
- Channel rental fee 145,714,290 -
Cộng 637,689,537 117,170,128
07. Short-term payable to suppliers

- Payable to other suppliers 180,139,203 186,337,587
+ Tanner Vietnam Company Limited 125,000,313 186,337,587
+ Nguyen Thanh Nga 35,300,000 -
+ Vo Kim Hoan 16,792,990 -
+ C&C Cleaning Company Limited 1,980,000 -
+ Quick Quick two member Company Limited 1,065,900 -
Total 180,139,203 186,337,587
08. Tax and payables to the State budget (Conts)

Income from other activities shall pay corporate income tax at the rate of 20%.
Corporate income tax payable for the year are estimated as follows:
Items This year Previous year
- Total accounting profit before tax 515,313,834 490,196,447
- Increasing and decreasing of adjusted profit items to determine 58,850,463
### 47,506,767
taxable corporate income profits:
+ Adjustments of increase 58,850,463
### 59,230,638
Costs are not deducted 55,848,795 59,230,638
Exchange rate losses at the end of 2018 of cash and receivables 1,474,282 -
Interest of exchange rate difference at the end of 2017 of money
(reversed) 1,527,386 -
+ Adjustments of decrease ###
- 11,723,871
Exchange rate losses at the end of 2018 of cash and receivables - 10,249,589
Gains from exchange rate differences due to revaluation of the
balance at the end of 2019 of cash and receivables - 1,474,282
- Income taxes 574,164,297

### 537,703,214
- Taxable income 574,164,297 537,703,214
- Corporate income tax rate 20.00% 20.00%
- Enterprise income tax expense 114,832,859
### 107,540,643
- Corporate income tax is reduced according to Resolution
116/2020 / QH14 34,449,858 -
- Corporate income tax payable 80,383,002 107,540,643

Current total corporate income tax 80,383,002 107,540,643
07.
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09. Short-term payable expense

+ Appropriation of expenses for auditing financial statements 20,000,000 25,000,000
Total 20,000,000 25,000,000
10. Other short-term payable

+ Trade union funds - 41,248,000
+ Other short-term payables 15,610,084 7,073,679
Total 15,610,084 48,321,679
11. Owner's capital

a. Detail of owner's capital
Items USD Closing balance Opening balance

- Capital contributed by owners 150,000.00 3,225,000,000 3,225,000,000
+ LAUDERT GMBH+ CO.KG 150,000.00 3,225,000,000 3,225,000,000
Total 150,000.00 3,225,000,000 3,225,000,000
b. Capital attribution status
Retained earning
Items Paid-in capital after income tax Total
Opening balance in last year 3,225,000,000 1,610,879,792 4,835,879,792

- Increasing capital in the previous year - - -
- Previous year undistributed earnings - 382,655,804 382,655,804
Opening balance in this year 3,225,000,000 1,993,535,596 5,218,535,596
- Increasing capital in this year - - -
- Increase in the capital - 434,930,833 434,930,833
Closing balance 3,225,000,000
### 2,428,466,429 5,653,466,429
ADDITIONAL INFORMATION FOR THESE ITEMS ARE DISCLOSED IN THE STATEMENT OF COMPREHENSIVE
VI. INCOME
01. Revenue from selling goods and services

- Revenues from IT service providers and graphic designers 16,536,076,336 17,412,338,982
Total 16,536,076,336 17,412,338,982
02. Cost of goods sold

- Cost of services provided 11,635,468,832 11,288,257,259
Total 11,635,468,832 11,288,257,259
Trang 14
03. Doanh thu hoạt động tài chính

- Term deposit interest 692,380 16,678,129
- Gains from exchange rate difference arising in the period 40,860,097 14,906,148
- Gain from exchange rate difference re-evaluating the
- 1,474,282
ending balance
Total 41,552,477 33,058,559
04. Financial expense

- Loss from exchange rate difference arising in the period 29,976,649 17,555,007
- Loss from exchange rate difference re-evaluating the 1,527,386 10,249,589
ending balance
Total 31,504,035 27,804,596
05. Administration expense

- Expenses of administrative staffs 2,610,530,724 2,367,420,718
- Expenses of office supplies 98,206,340 91,610,120
- Depreciation expenses of fixed assets 37,201,072 75,176,604
- Taxes, charges and fees 2,500,000 -
- Expenses of outsourced services 2,808,181,240 3,136,771,679
- Other cash expenses 67,721,825 223,526,386
Total 5,624,341,201 5,894,505,507
06. Others income

- Collection of annual expenses offset from the parent company 1,216,693,025 250,467,139
- Adjust deviation with social insurance notifications 12,360,064 -
Total 1,229,053,089 250,467,139
07. Others cost

- Other costs 54,000 43,852
Total 54,000 43,852
VII. OTHER INFORMATION
01. Transactions and balances with related parties
The parties involved with the company include:

Related parties Relationship
- LAUDERT GMBH+ CO.KG Owner
Trang 15

01. Transactions and balances with related parties (cont)
a. Transactions with related parties
LAUDERT GMBH+ CO.KG This year Previous year

- Turnover from graphic design and IT service provision 14,625,652,003 14,094,191,804
- Collect money for processing graphic design and providing IT services 14,030,935,763 14,605,750,961
b. Balances with related parties

LAUDERT GMBH+ CO.KG USD Số cuối năm Số đầu năm
- Receivables from service provision 38,531.75 886,615,568 291,899,328
- Collected Profit supplement in 2019 52,876.71 1,216,693,024 250,467,139
02. The comparative figures
The comparative figures are the audited financial statements for the fiscal year ended 31 December 2019.

Managing director Chief accountant
Trang 16

08. Tax and payables to the State budget
Opening balance Arising during the year Closing balance

Amount already
Payable Receivables Payable amount paid Payable Receivables
- Output VAT - - - - - -
- VAT on imported goods - - - - - -
- Special consumption tax - - - - - -
- Export-import duty - - - - - -
- Enterprise income tax 107,540,643 - 80,383,001 107,540,643 80,383,001 -
- Corporate income tax temporarily paid
for the amount received in advance from - - - - - -
the real estate transfer
- Personal income tax 204,274,186 - 821,201,814 780,953,296 244,522,704 -
- Natural resources tax - - - - - -
- Property tax - - - - - -
- Land rental - - - - - -
- Environmental Protection tax - - - - - -
- Other taxes 48,152,113 - 28,008,096 76,160,209 - -
- Charges, fees and other payables - - - - - -
Total 359,966,942 - 929,592,911 964,654,148 324,905,705 -
Trang 14
THUYẾ T MINH BÁ O CÁ O TÀ I CHÍNH (tiếp theo)

Cho nă m tà i chính kết thú c ngà y 31 thá ng 12 nă m 2020
(Đơn vị tính: VND)
14. Vốn chủ sở hữu (Tiếp theo)
b. Bảng đối chiếu biến động của vốn chủ sở hữu
Khoản mục Vốn đầu tư của Vốn khác của … Lợi nhuận chưa Nguồn vốn đầu Tổng cộng
chủ sở hữu chủ sở hữu phân phối tư XDCB
Số dư đầu năm trước 3,225,000,000 - 3,225,000,000
- Tă ng vố n trong nă m trướ c -
- Lợ i nhuậ n trong nă m trướ c -
- Tă ng khá c -
- Giả m vố n nă m trướ c -
- Giả m khá c -
Số dư đầu năm nay 3,225,000,000 - - - - 3,225,000,000
- Tă ng vố n trong nă m nay -
- Lợ i nhuậ n trong nă m nay 434,930,833 434,930,833
- Tă ng khá c -
- Giả m vố n nă m nay -
- Giả m khá c -
Số dư cuối kỳ 3,225,000,000 - - 434,930,833 - 3,659,930,833
Trang 18

07. Chi phí trả trước
` Số đầu năm Tăng trong năm Phân bổ vào chi Số cuối năm
phí trong năm
- Chi phí trả trướ c ngắ n hạ n -
Cộng - - - -
19

Cho năm tài chính kết thú c ngà y 31 thá ng 12 năm 2020
04. Tài sản cố định hữu hình
Nhà cửa, vật Máy móc, thiết Phương tiện Thiết bị, dụng TSCĐ hữu hình
Khoản mục kiến trúc bị vận tải, truyền cụ quản lý khác Tổng cộng
dẫn
Nguyên giá
Số đầu năm - 2,359,798,650 - - - 2,359,798,650
- Mua trong năm - - -
- Đầ u tư xâ y dự ng cơ bả n hoà n thành - - - - - -
- Tăng khá c (ghi cụ thể) - - - - - -
- Chuyển sang bấ t độ ng sả n đầ u tư - - - - - -
- Thanh lý, nhượ ng bá n - - - - - -
- Giả m khá c - - - - - -
Số cuối năm - 2,359,798,650 - - - 2,359,798,650
Giá trị hao mòn
Số đầu năm - 1,474,529,598 - - - 1,474,529,598
- Khấ u hao trong nă m - -
- Tăng khá c - - - - - -
- Chuyển sang bấ t độ ng sả n đầ u tư - - - - - -
- Giả m khá c - - - - - -
Số cuối năm - 1,474,529,598 - - - 1,474,529,598
Giá trị còn lại
- Số đầu năm - 885,269,052 - - - 885,269,052
- Số cuối năm - 885,269,052 - - - 885,269,052
Trang 20

. Tài sản cố định thuê tài chính
Nhà cửa, vật Máy móc, thiết Phương tiện TSCĐ hữu hình
Khoản mục kiến trúc bị vận tải, truyền khác TSCĐ vô hình Tổng cộng
dẫn
Nguyên giá
Số đầu năm - - - - - -
- Thuê tà i chính trong nă m - - - - - -
- Tăng khá c - - - - - -
- Mua lạ i TSCĐ thuê tà i chính - - - - - -
- Trả lạ i TSCĐ thuê tà i chính - - - - - -
- Giả m khá c - - - - - -
Số cuối năm - - - - - -
Giá trị hao mòn lũy kế
Số đầu năm - - - - - -
- Khấ u hao trong nă m - - - - - -
- Tăng khá c - - - - - -
- Mua lạ i TSCĐ thuê tà i chính - - - - - -
- Trả lạ i TSCĐ thuê tà i chính - - - - - -
- Giả m khá c - - - - - -
Số cuối năm - - - - - -
- Số đầu năm - - - - - -
- Số cuối năm - - - - - -
21

05. Tài sản cố định vô hình
Quyền sử dụng Quyền phát Bản quyền, bằng Nhãn hiệu hành Phần mềm máy
Khoản mục đất hành sáng chế hóa vi tính Tổng cộng
Nguyên giá
Số đầu năm - - - - 275,225,636 275,225,636
- Mua trong năm - - - - - -
- Tạ o ra từ nộ i bộ doanh nghiệp - - - - - -
- Tăng do hợ p nhấ t kinh doanh - - - - - -
- Tăng khá c - - - - - -
- Giả m khá c - - - - - -
Số cuối năm - - - - 275,225,636 275,225,636
Giá trị hao mòn lũy kế
Số đầu năm - - - - 275,225,636 275,225,636
- Khấ u hao trong nă m - - - -
- Tăng khá c - - - - - -
- Giả m khá c - - - - - -
Số cuối năm - - - - 275,225,636 275,225,636
- Số đầu năm - - - - - -
- Số cuối năm - - - - - -
Trang 22

. Bất động sản đầu tư
a. Bất động sản đầu tư cho thuê
Quyền sử dụng Nhà và quyền sử

Khoản mục đất Nhà dụng đầt Cơ sở hạ tầng Khác Cộng
Nguyên giá
Số đầu năm - - - - - -
- Mua mớ i - - - - - -
- Đầ u tư xâ y dự ng cơ bả n hoà n thà nh - - - - - -
- Chuyển từ TSCĐ hữ u hình - - - - - -
- Chuyển từ TSCĐ thuê tà i chính - - - - - -
- Chuyển từ hà ng tồ n kho - - - - - -
- Vố n hó a chi phí sau ghi nhậ n ban đầ u - - - - - -
- Tă ng khá c - - - - - -
- Chuyển sang TSCĐ hữ u hình - - - - - -
- Chuyển sang hà ng tồ n kho - - - - - -
- Giả m khá c - - - - - -
Số cuối năm - - - - - -
Giá trị hao mòn
Số đầu năm - - - - - -
- Khấ u hao trong nă m - - - - - -
- Tă ng khá c - - - - - -
23
- Chuyển sang tà i sả n cố định hữ u hình - - - - - -
- Giả m khá c - - - - - -
Số cuối năm - - - - - -
- Số đầu năm - - - - - -
- Số cuối năm - - - - - -
b. Bất động sản đầu tư nắm giữ chờ tăng giá
Quyền sử dụng Nhà và quyền sử

Khoản mục đất Nhà dụng đầt Cơ sở hạ tầng Khác Cộng
Nguyên giá
Số đầu năm - - - - - -
- Mua mớ i - - - - - -
- Đầ u tư xâ y dự ng cơ bả n hoà n thà nh - - - - - -
- Chuyển từ hà ng tồ n kho - - - - - -
- Vố n hó a chi phí sau ghi nhậ n ban đầ u - - - - - -
- Tă ng khá c - - - - - -
- Chuyển sang TSCĐ hữ u hình - - - - - -
- Giả m khá c - - - - - -
Số cuối năm - - - - - -
Giá trị hao mòn đã trích theo Quyết
định số 15/2006/QĐ-BTC
Tổn thất do suy giảm giá trị
Số đầu năm - - - - - -
- Tổ n thấ t do giả m giá trị trong nă m - - - - - -
- Chuyển sang tà i sả n cố định hữ u hình - - - - - -
24
- Giả m khá c - - - - - -
Số cuối năm - - - - - -
- Số đầu năm - - - - - -
- Số cuối năm - - - - - -
25

. Chi phí xây dựng cơ bản dở dang
Chi phí phát Kết chuyển vào Kết chuyển giảm

Khoản mục Số đầu năm sinh trong năm TSCĐ trong năm khác Số cuối năm
- Mua sắ m TSCĐ
- XDCB dở dang
+ Công trình
- Sử a chữ a lớ n TSCĐ
Cộng - - - - -
Trang 26

. Tài sản thuế thu nhập hoãn lại
Ghi nhận vào kết Ghi nhận vào Bù trừ với thuế
Khoản mục Số đầu năm quả kinh doanh vốn chủ sở hữu thu nhập hoãn … Số cuối năm
trong năm trong năm lại phải trả
- Tà i sản thuế thu nhậ p hoãn lạ i liên

quan đến cá c khoả n chênh lệch tạ m thờ i
đượ c khấ u trừ
+ Các chi phí phải trả

+ Chênh lệch tỷ giá của các khoản mục
tiền tệ
+ Khấu hao
quan đến lỗ tính thuế chưa sử dụ ng

quan đến ưu đã i thuế chưa sử dụ ng (ghi
cụ thể khoản ưu đã i thuế)
Cộng - - - - - -
27

. Vay và nợ thuê tài chính ngắn hạn/dài hạn (tiếp theo)
a. Vay và nợ thuê tài chính ngắn hạn (tiếp theo)
Chi tiết số phá t sinh về cá c khoả n vay và nợ thuê tà i chính dà i hạ n như sau:
Số đầu Số tiền vay Kết chuyển từ Tăng khác Số tiền vay Giảm khác Số cuối
Khoản mục phát sinh trong vay và nợ dài đã trả trong
năm năm hạn (ghi cụ thể) năm (ghi cụ thể) năm
- Vay ngắ n hạ n ngâ n hà ng - -

- Vay ngắ n hạ n cá c tổ chứ c khá c - -
- Vay ngắ n hạ n cá c cá nhâ n - -
- Trá i phiếu thườ ng ngắ n hạ n - -
- Vay dà i hạ n đến hạ n trả - -
- Nợ thuê tà i chính đến hạ n trả - -
- Trá i phiếu thườ ng dà i hạ n đến hạ n
trả - -
Cộng - - - - - - -
28

. Vay và nợ thuê tài chính ngắn hạn/dài hạn (tiếp theo)
b. Vay và nợ thuê tài chính dài hạn (tiếp theo)
Chi tiết số phá t sinh về cá c khoả n vay và nợ thuê tà i chính dà i hạ n như sau:
Số đầu Số tiền vay Kết chuyển từ vay Tăng khác Số tiền vay đã Giảm khác (ghi
Khoản mục phát sinh trong Số cuối năm
năm năm và nợ dài hạn (ghi cụ thể) trả trong năm cụ thể)
- Vay dà i hạ n ngâ n hà ng - -
- Vay dà i hạ n cá c tổ chứ c khá c - -
- Vay dà i hạ n cá c cá nhâ n - -
- Nợ thuê tà i chính - -
- Trá i phiếu thườ ng - -
Cộng - - - - - - -
29

. Dự phòng phải trả ngắn hạn/dài hạn

a. Dự phòng phải trả ngắn hạn
Tăng/(Giảm) do Kết chuyển từ

Khoản mục Số đầu Tăng do trích lãi chiết khấu và dự phòng phải Tăng khác (ghi Số sử dụng Số hoàn nhập Giảm khác (ghi Số cuối
năm lập trong năm thay đổi tỷ lệ trả dài hạn cụ thể) trong năm trong năm cụ thể) năm
chiết khấu
- Dự phò ng bả o hà nh sả n phẩ m, hàng - - - - - - - - -
hoá
- Dự phò ng bả o hà nh cô ng trình xâ y - - - - - - - - -
dự ng
- Dự phò ng tá i cơ cấ u doanh nghiệp - - - - - - - - -
- Dự phò ng cho hợ p đồ ng có rủ i ro lớ n - - - - - - - - -
- Dự phò ng trợ cấ p thô i việc - - - - - - - - -
- Dự phò ng chi phí sử a chữ a, bảo dưỡ ng - - - - - - - - -
tà i sả n cố định định kỳ
Cộng - - - - - - - - -
30

. Dự phòng phải trả ngắn hạn/dài hạn
b. Dự phòng phải trả dài hạn
Tăng/(Giảm) do
Số đầu Tăng do trích lãi chiết khấu và Kết chuyển từ Tăng khác (ghi Số sử dụng Số hoàn Giảm khác Số
Khoản mục dự phòng phải nhập trong cuối
năm lập trong năm thay đổi tỷ lệ trả dài hạn cụ thể) trong năm năm (ghi cụ thể) năm
chiết khấu
- Dự phò ng bả o hà nh sả n phẩ m, hà ng hoá - - - - - - - - -

- Dự phò ng bả o hà nh cô ng trình xâ y dự ng - - - - - - - - -
- Dự phò ng tá i cơ cấ u doanh nghiệp - - - - - - - - -
- Dự phò ng cho hợ p đồ ng có rủ i ro lớ n - - - - - - - - -
- Dự phò ng trợ cấ p thô i việc - - - - - - - - -
- Dự phò ng chi phí sử a chữ a, bả o dưỡ ng tà i
sả n cố định định kỳ - - - - - - - - -
Cộng - - - - - - - - -
31

. Quỹ khen thưởng, phúc lợi
Khoản mục Số đầu năm Tăng do trích Tăng khác Chi quỹ trong Giảm khác Số cuối năm
lập từ lợi nhuận năm
- Quỹ khen thưở ng -
- Quỹ phú c lợ i -
- Quỹ phú c lợ i đã hình thành tài sả n cố -
định
- Quỹ thưở ng Ban quả n lý, điều hà nh -
Cộng - - - - - -
32

Cho nă m tài chính kết thú c ngà y 31 thá ng 12 nă m 2020
. Thuế thu nhập hoãn lại phải trả
Số đầu Ghi nhận vào kết Ghi nhận vào Bù trừ với tài
Khoản mục năm quả kinh doanh vốn chủ sở hữu sản thuế thu … Số cuối năm
trong năm trong năm nhập hoãn lại
- Lã i củ a tà i sản gó p vố n và o cô ng ty con -
-… -
Số cuối năm - - - - - -
Xó a cá c cộ t khô ng có số liệu.
33
Một số chỉ tiêu đánh giá khái quát thực trạng tài chính và kết quả hoạt động kinh doanh của Công
ty
Chỉ tiêu Đơn vị Năm nay Năm trước

tính
1. Cơ cấu tài sản và cơ cấu nguồn vốn
1.1 Cơ cấu tài sản
Tà i sả n ngắ n hạ n/Tổ ng số tà i sả n % #REF! #REF!
Tà i sả n dà i hạ n/Tổ ng số tà i sả n % #REF! #REF!
1.2 Cơ cấu nguồn vốn
Nợ phả i trả /Tổ ng nguồ n vố n % #REF! #REF!
Nguồ n vố n chủ sở hữ u/Tổ ng nguồ n vố n % #REF! #REF!
2 Khả năng thanh toán
2.1 Khả nă ng thanh toá n hiện hà nh Lầ n #REF! #REF!
2.2 Khả nă ng thanh toá n nợ ngắ n hạ n Lầ n #REF! #REF!
2.3 Khả nă ng thanh toá n nhanh Lầ n #REF! #REF!
2.4 Khả nă ng thanh toá n nợ dà i hạ n Lầ n #REF! #REF!
3. Tỷ suất sinh lời
3.1 Tỷ suất lợi nhuận trên doanh thu
Tỷ suấ t lợ i nhuậ n trướ c thuế trên doanh thu
thuầ n % #REF! #REF!
Tỷ suấ t lợ i nhuậ n sau thuế trên doanh thu
thuầ n % #REF! #REF!
3.2 Tỷ suất lợi nhuận trên tổng tài sản
Tỷ suấ t lợ i nhuậ n trướ c thuế trên tổ ng tà i sả n % #REF! #REF!
Tỷ suấ t lợ i nhuậ n sau thuế trên tổ ng tà i sả n % #REF! #REF!
3.3 Tỷ
hữu
suất lợi nhuận sau thuế trên vốn chủ sở
% #REF! #REF!
JOHANNES ESSELING NGUYỄN LIỆU

Managing director Kế Toán Trưởng
Trang 34
MỨC TRỌNG YẾU
#REF!
Đơn vị tính: VND
TRƯỚC ĐIỀU CHỈNH SAU ĐIỀU CHỈNH

P/L P/L
Tổng doanh thu thuần 17,412,338,982 Tổng doanh thu thuần 17,412,338,982
Lã i trướ c khi nộ p thuế 490,196,447 Lã i trướ c khi nộ p thuế 490,196,447
Cơ sở Tỷ lệ Giá trị Cơ sở Tỷ lệ Giá trị
PM Doanh thu 0.5% 87,061,695 PM Doanh thu 0.5% 87,061,695

TE PM 50% 43,530,847 TE PM 50% 43,530,847
Threshold TE 10% 4,353,085 Threshold TE 10% 4,353,085
25% 10,882,712 25% 10,882,712
B/S B/S
Tổng tài sản 5,800,450,209 Tổng tài sản 5,800,450,209

Cơ sở Tỷ lệ Giá trị Cơ sở Tỷ lệ Giá trị
PM Tổ ng tà i sả n 1% 58,004,502 PM Tổ ng tà i sả n 1% 58,004,502
TE PM 50% 29,002,251 TE PM 50% 29,002,251
Threshold TE 10% 2,900,225 Threshold TE 10% 2,900,225
25% 7,250,563 25% 7,250,563

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Audited Financial Statement

For the fiscal year ended December 31, 2020

LAUDERT VIET NAM CO.,LTD

1. BOARD OF GENERAL DIRECTOR'S REPORTS 1

2. REPORT OF INDEPENDENT AUDITORS 2

3. AUDITED FINANCIAL STATEMENT

Balance sheet as at December 31, 2020 3-4

Statement of cash flow

Notes to the financial statement

1. The Board of Directors

2. The Company’s head office

4. Assessment of business operation

5. Contingencies and other subsequent events

7. The opinion of The Board of Management

To: Board of Director

The Board of Directors’ responsibility

Ho Chi Minh, March 4, 2021

General Director Auditor

Vo Duy Trung Nguyen Thi My Suong

Assets Code Note Closing balance Opening balance

I. Cash and cash equivalent 110 V.01 826,655,375 2,277,462,004

B. Non current assets 200 1,157,679,752 920,322,448

BALANCE SHEET (conts)

Resources Code Note Closing balance Opening balance

Ho Chi Minh, March 4, 2021

JOHANNES ESSELING NGUYEN LIEU

Items Code Note Current year Previous year

3. Net revenue from selling goods and services 10 16,536,076,336 17,412,338,982

6. Financial income 21 VI.03 41,552,477 33,058,559

10. Net profit from selling goods and services

11. Other income 31 VI.06 1,229,053,089 250,467,139

18. Basic earnings per share 70 - -

Ho Chi Minh, March 4, 2021

JOHANNES ESSELING NGUYEN LIEU

Items Code Note This year Previous year

I. Cash flow from operation

- Purchase of fixed assets and other long-term 21 (174,930,909) (508,594,000)

- Loans, purchase of debt instruments of other

- Withdrawals of loans, sales of debt 24 - 110,000,000

- Interest and dividends received 27 692,380 16,678,129

Net cash flows from investment activities 30 (174,238,529)

- Fund returned to equity owners, issued stocks 32 - -

Ho Chi Minh, March 4, 2021

JOHANNES ESSELING NGUYEN LIEU

NOTES TO THE FINANCIAL STATEMENTS

Capital Capital contribution

LAUDERT GMBH+ CO.KG 150,000.00 3,225,000,000 100.00%

II. THE FISCAL YEAR AND THE REPORTING CURRENCY

Fiscal year: begins on January 1 and ends on December 31 annually.

The standard currency unit is used Vietnam Dong (VND).

III. ACCOUNTING STANDARDS, ACCOUNTING SYSTEM

2. Declaration of compliance Accounting Standards and Accounting System

NOTES TO THE FINANCIAL STATEMENTS (Conts)

IV. SIGNIFICANT ACCOUNTING POLICIES

3. Cash and cash equivalent

Cash comprises cash on hand, cash in transit and demand deposits

4. Trade receivables and other receivables

5. Method of distribution in prepaid expenses

6. Accounting for financial investments

LAUDERT VIET NAM CO., LTD

7. Fixed assets own configuration

8. Intangible fixed assets

9. Recognition of trade and other payables

Accrued expenses payable