BIDV Insurance Corporation

BALANCE SHEET
Year end 31 Dec. 2021
Unit: Mil. VND
Items 2020 2021
Current assets 4,820,546 5,200,104
Cash and cash equivalents 98,048 30,489
Short-term investments 3,029,813 3,686,828
Short-term receivables 545,312 417,629
Inventories 143 118
Other current assets 161,653 186,453
Non-current assets 990,568 844,370
Long-term receivables 34,342 31,613
Fixed assets 19,031 28,402
Investment properties
Long-term investments 887,526 736,286
Other long-term assets 49,669 48,069
Goodwill
Total assets 5,811,113 6,044,474
Liabilities 3,393,495 3,468,984
Short -term liabilities 3,391,040 3,459,312
Reserves 2,581,991 2,554,789
Long-term liabilities 2,456 9,671
Owner's equity 2,417,618 2,575,490
Charter capital 1,172,769 1,172,769
Share premium 655,565 655,565
Retained earnings 330,497 420,447
Minority interest
Total owner's equity and liabilities 5,811,113 6,044,474
 BIDV Insurance Corporation
INCOME STATEMENT
Year end 31 Dec. 2021
Unit: Mil. VND
Items 2020 2021
Total net revenue from insurance business 1,887,816 2,155,107
Total direct insurance operating expenses 1,368,841 1,502,129
Gross insurance operating profit 518,975 652,978
Profit form financial activities 278,134 321,626
Other profit 581 364
Total profit 375,349 502,165
Profit after tax 297,653 400,113
Profit after tax for shareholders of the parent company 294,276 395,384
Earnings per share (VND) 2,214 2,764
 BIDV Insurance Corporation
CASHFLOW STATEMENT
Year end 31 Dec. 2021
Unit: Mil. VND
Items 2020 2021
I. Cash flows from operating activities
1. Profit before tax 375,349.00 502,165.00
2. Adjustments for:
Depreciation and amortization 5,276.00 6,705.00
(Reversal of provisions)/provisions 254,239.00 71,717.00
Unrealized foreign exchange (gain)/loss 9,254.00 (2,946.00)
Loss/(profit) from investment activities (266,022.00) (245,679.00)
Interest expense 52.00 87.00
3. Operating profit before changes in working capital 378,149.00 332,050.00
1. (Increase)/decrease in receivables (105,009.00) 113,065.00
2. (Increase)/decrease in inventories 36.00 25.00
3. Increase/(decrease) in payables (other than interest,
33,650.00 (36,001.00)
corporate income tax)
4. (Increase)/decrease in prepaid expenses (73,565.00) (23,200.00)
(Increase)/decrease in held-for-trading securities (177,821.00) 54,744.00
5. Interest paid (52.00) (87.00)
6. Income tax paid (63,419.00) (134,559.00)
7. Other receipts from operating activities
8. Other payments for operating activities (27,486.00) (38,804.00)
Net cash flows from operating activities (35,516.00) 267,232.00
II. Cash flows from investing activities
1. Payment for fixed assets, constructions and other long-
(502.00) (16,259.00)
term assets
2. Receipts from disposal of fixed assets and other long-
19.00 6.00
term assets
3. Loans, purchases of other entities' debt instruments (3,292,165.00) (5,205,696.00)
 4. Receipts from loan repayments, sale of other entities'
3,162,679.00 4,632,132.00
debt instruments
5. Payments for investment in other entities
6. Collections on investment in other entities
7. Dividends, interest and profit received 255,311.00 268,249.00
6. Other receipts from investing activities
7. Other payments for investing activities
Net cash flows from investing activities 125,341.00 (321,568.00)
III. Cash flows from financing activities
1. Receipts from equity issue and owner's capital
contribution
2. Payment for share repurchases
3. Short-term and long-term borrowings
4. Principal repayments (17,911.00)
5. Payments to settle finance leases
6. Dividends paid, profits distributed to owners (94,011.00) (12.00)
7. Other receipts from financing activities
8. Other payments for financing activities
Net cash flows from financing activities (111,921.00) (12.00)
Net cash flows during the period (22,096.00) (54,348.00)
Cash and cash equivalents at beginning of the period 119,341.00 98,048.00
Exchange difference due to re-valuation of ending balances 803.00 (13,211.00)
Cash and cash equivalents at end of the period 98,048.00 30,489.00