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ticker: IDI document_type: bctn year: 2024 page_count: 105 source: PaddleOCR-VL-1.6



I.D.I INTERNATIONAL DEVELOPMENT AND INVESTMENT CORPORATION

ANNUAL REPORT 2024

ANNUAL REPORT

2024


INDEX

OPEN LETTER 1 I. HISTORY OF FORMATION AND DEVELOPMENT.2

  1. History of formation.2
  2. Development process.3

2.1. Industry profession terrible business3 2.2. Business location.3 2.3. Summary of the Company's development process.3

  1. Governance model and management apparatus.4

3.1. Management model:4 3.2. Mechanism structure set machine manage reason and function power duty case.4 3.3. Parent Company and Subsidiaries.6

  1. Development orientation.7

4.1. The Company's main objectives.7 4.2. Medium and long-term development strategy10 4.3. Sustainable development goals.11

  1. Risks affecting production and business activities11

5.1. On water environment and quality of pangasius fry.11 5.2. About the consumer market.11 5.3. On natural disasters and human impacts.11 5.4. Political.11 II. OPERATIONAL SITUATION IN 2024.12

  1. Production and business situation.12

1.1. Production and business performance results in 2024.12 1.2. Results of implementation compared to plan.13 1.3. Production and business activities.14

  1. Organization and personnel.15

2.1. List of Executive Board.15 2.2. Changes in the Executive Board in 2024.16 2.3. Human resources.16

  1. Status of investment implementation and project implementation.16

3.1. Major investments in 2024.16 3.2. Summary of the operations and financial status of the Parent Company and its Subsidiaries.17

  1. Financial situation of IDI Company.19

4.1. Financial situation in 2024.19 4.2. Indicators pepper talent main owner weak.19

  1. Shareholder structure, changes in owner's capital investment.20

5.1. Shares.20 5.2. Shareholder structure.20 5.3. Love image replace change capital head private belong to owner office have.21 5.4. Treasury stock transactions.22 5.5. Other securities.22

  1. Report on the Company's environmental and social impacts.22

6.1. Environmental impact.22 6.2. Management of raw materials.22 6.3. Energy consumption.22 6.4. Water consumption.22 6.5. Comply with environmental protection laws.22 6.6. Employee related policies.22

6.7. Reports relating to responsibility towards local communities. ..... 24 6.8. Reports relating to green capital market activities. ..... 25

III. NEWSPAPER FOX AND FIGHT PRICE OF THE GENERAL BOARD SUPERVISOR GOVERNOR. --- 26

  1. Evaluation of production and business performance. ..... 26

1.1. Evaluation of production and business performance in 2024 ..... 26 1.2. Progress the Company has achieved. ..... 26

  1. Financial situation. ..... 29

2.1. Asset situation analysis. ..... 29 2.2. Debt situation. ..... 29

  1. Production and business plan for 2025 (For parent company only). ..... 30
  1. Assessment report related to the Company's environmental and social responsibility. ..... 34

4.1. On environmental protection works (EP) for wastewater. ..... 34 4.2. Regarding environmental protection works for exhaust gas ..... 34 4.3. On general solid waste management ..... 35 4.4. On hazardous waste management : ..... 35 4.5. On prevention and response to environmental incidents : ..... 35 4.6. Results of overcoming the requests of inspection and examination agencies and competent state agencies (if any) ..... 35

IV. BOARD OF DIRECTORS' ASSESSMENT OF THE COMPANY'S PERFORMANCE. ..... 36

  1. Evaluation of the Company's operations. ..... 36
  1. Evaluation of the Board of Directors' performance: ..... 36

V. CORPORATE GOVERNANCE. ..... 37

  1. Board of Directors. ..... 37

1.1. Members of the Board of Directors ..... 37 1.2. Activities of the Board of Directors: ..... 38

  1. Board of Control ..... 39

2.1. Members: ..... 39 2.2. Activities of the Board of Supervisors. ..... 39

  1. Internal Audit Department. ..... 40

3.1. Members: ..... 40 3.2. Activities of the Internal Audit Department : ..... 40

  1. Transactions, remuneration and benefits. ..... 40

4.1. Remuneration of the Board of Directors, Board of Supervisors and salary of the Company's Board of General Directors in 2024. ..... 40 4.2. Other benefits: ..... 41 4.3. Insider stock transactions in 2024: ..... 41 4.4. Contracts or transactions with insiders: ..... 41 4.5. Assessment of implementation of regulations on Corporate Governance: ..... 41

VI. FINANCIAL REPORT 2024. ..... 42

  1. Audit opinion ..... 42
  1. Audited Consolidated Financial Statements for 2024. ..... 42

OPEN LETTER!

Glasses Dear : Dear members of the I.D.I Family!

On behalf of the Board of Directors, the Executive Board and all employees of the Company, I would like to respectfully send to our Shareholders our best regards, sincere thanks and wishes for health, success and prosperity.

The year 2024 was a challenging year for the economy in general and the seafood industry in particular. However, with the spirit of solidarity, proactiveness and flexibility, I.D.I Company has steadfastly overcome the fluctuations, continually affirming its position and long-term vision. Aiming to become the number 1 position in the Vietnamese pangasius industry, I.D.I's Board of Directors has been implementing strong and scientific investment plans, including:


• Invest in a high-tech pangasius breeding center to proactively source quality breeds, improving output and disease resistance.

• Improve the farming process and feed for pangasius, apply advanced technical solutions to shorten farming time, increasing feed conversion rate and reduce input costs.

• Automate production stages in processing to increase productivity, ensuring product quality and meeting the strict requirements of export markets.

• Invest in self-contained solar power systems to optimize energy costs, aiming for sustainable and environmentally friendly development.

These strategies not only help I.D.I proactively manage the value chain and improve production efficiency, but also create a competitive advantage in terms of price - a key factor in the context of the increasingly deep integration and fierce competition of the pangasius industry. The results achieved in the past year are the result of the consensus of the staff and, above all, the trust and companionship of our Shareholders - those who have always stood side by side with I.D.I in every step of development. We appreciate and acknowledge that.

Once again, I would like to express my sincere thanks to all members of the “I.D.I Family” for their efforts to complete the assigned tasks, as well as the trust and support of our customers, partners and shareholders. I hope we will continue to maintain the spirit of solidarity, consensus and mutual support on the path of development. Wishing health, happiness and success to all members and partners of I.D.I.

Thank you very much and best regards!

TM. BOARD OF DIRECTORS

0314126 CHAIRPERSON



HAT TRIÊN

Le Thanh Thuan

I. HISTORY OF FORMATION AND DEVELOPMENT

1. History of formation

  • IDI International Development and Investment Corporation was established in 2003 under Business Registration Certificate No. 4103001715 issued by the Department of Planning and Investment of Ho Chi Minh City for the first time on July 15, 2003 and was issued the 21st change No. 0303141296 by the Department of Planning and Investment of Dong Thap province on August 15, 2024.
  • Vietnamese name : Công ty Cổ phần Đầu tư và Phát triển Đa Quốc Gia IDI
  • English name : I.D.I INTERNATIONAL DEVELOPMENT AND INVESTMENT CORPORATION
  • Abbreviation : I.D.I Company
  • Registered charter capital: 2,731,726,680,000 VND.
  • Contributed charter capital: VND 2,731,726,680,000.
  • Registered business address: National Highway 80, Industrial Cluster Vam Cong, An Thanh Hamlet, Binh Thanh Commune, Lap Vo district, Dong Thap province.
  • Phone: (+84) 277 3680 383

Fax: (84) 277 3680 382

  • Website: www.idiseafood.com
  • Email: info@idiseafood.com
  • Tax code: 0303141296



Cluster labour career Vam Drain and the home machine of IDI


2. Development process

2.1. Industry profession terrible business

  • Farming and processing frozen pangasius fillets for export.
  • Buy and sell aquatic food.
  • Real estate business.

Trademarks, patents and copyrights

-Logo:



  • Legal: IDI logo is granted a trademark registration certificate by the Department of Intellectual Property under the Ministry of Science and Technology of Vietnam under Decision No. 72830/QD-SHTT dated October 19, 2017.

2.2. Business location

In 2024, the Company exported to more than 150 customers in 48 countries and territories around the world. Of which, the Mexican market accounted for nearly 25% and the Chinese market accounted for more than 22% of total export revenue in the last 2 years.



IDI Company Headquarters


2.3. Summary of the Company's development process

  • In 2003, established with initial capital of 29 billion VND.
  • 2007-2008 started construction and completed construction of Seafood Processing Factory No.1
  • In 2010, operated Seafood Factory No. 1 with a designed capacity of 300 tons of raw materials/day.
  • In 2011, registered to list shares according to Decision No. 64/2011/QD-SGDHCM dated May 17, 2011 at Ho Chi Minh City Stock Exchange.
  • In 2016, operate Seafood Factory No.2 with a design capacity of 150 tons of raw materials/day
  • In 2018, completed construction of Cold Storage No. 03 with a capacity of 10,000 tons of finished products.
  • In 2020, complete the construction of Cold Storage No. 04 with a capacity of 10,000 tons of finished products.
  • In 2024, start construction of seafood processing factory No. 03 with a capacity of 120 tons of raw materials/day.
  • IDI is always in the top 4 enterprises processing and exporting frozen pangasius in Vietnam.
  1. Governance model and management apparatus.

3.1. Management model:

Currently, IDI Company is operating under "Point 1, Article 137 of Enterprise Law No. 59/2020/QH14 dated June 17, 2020 of the National Assembly of the Socialist Republic of Vietnam".



3.2. Mechanism structure set machine manage reason and function power duty case

          1. 3.2.1. Board of Directors



Members of the Board of Directors of IDI Company at the 2024 Annual General Meeting of Shareholders

The Board of Directors (BOD) is elected by the General Meeting of Shareholders for a term of 05 years, has full authority to decide on behalf of the Company, exercise the rights and obligations of the Company that are not under the authority of the General Meeting of Shareholders, such as being responsible for developing production and business plans of a general strategic nature and ensuring that the plans are implemented through the Board of Directors.

Board members for the 2024-2029 term include:

  • Mr. Le Thanh Thuan

Chairman.

  • Mr. Le Tuan Anh

Vice President.

  • Mr. Le Van Canh Member of Board of Directors.
  • Mr. Tong Phi Hung Independent Member of Board of Directors.
  • Mr. Le Manh Huan Independent Member of the Board of Directors.
          1. 3.2.2. Board of Control

The Board of Supervisors (BOS) is elected by the General Meeting of Shareholders for a term of 05 years. It is an administrative department with the task of representing the General Meeting of Shareholders to organize inspection and supervision of the rationality and legality in the process of operating production and business activities of the Board of Directors and the Executive Board as well as in recording accounting and financial books of the Company.

The members of the Board of Supervisors for the 2024-2029 term include:

  • Mr. Tu Thien Thoai. Head of the Board.

Ms. Doan Nguyen Kim Phuong Member.

Ms. Nguyen Thi Thanh Loan Member.

          1. 3.2.3. Board of Directors

The Board of Directors directs and manages all production and business activities of the Company according to the goals and plans approved by the Board of Directors and the General Meeting of Shareholders.

The Board of Directors includes:

  • Mr. Le Van Canh General Director.
  • Mr. Le The Tung

Deputy General Director.

  • Mr. Nguyen Thanh Hai

Deputy General Manager

Ms. Vo Thi Minh Tam

Deputy General Manager

  • Mr. Truong Cong Khanh Chief Financial Officer.
  • Mr. Nguyen Duc Phuong

Chief Accountant.

          1. 3.2.4. Internal Audit Department

Internal Audit (IA) acts as a guardian of corporate values. The IA is an independent observer elected by the Board of Directors to ensure that the Company's operations comply with national laws, business ethics and the Company's operating regulations. The IA is responsible for detecting errors in the Company's business operations and acts as an advisor to the Board of Directors and the Board of Directors on risk control.

Internal Audit Board members include:

  • Ms. Le Thi Phuong. Head of the Board.

Ms. Ngo Thi To Ngan Member.

  • Mr. Le Hoang Cuong Member.

3.3. Parent Company and Subsidiaries.

          1. 3.3.1. Parent Company

Sao Mai Group Corporation (ASM)

  • Charter capital: 3,701,782,500,000 VND.
  • Address: No. 326 Hung Vuong, My Long Ward, Long Xuyen City, An Giang Province.
  • Main business lines:

+ Real estate business. Civil construction.

+ Hotel and restaurant business.

+ Seafood.

+ Renewable energy.

Unit: VND


IDI charter capital up to 12/31/2024ASM's share capital as of December 31, 2024Ratio rate office ownership (%)
2,731,726,680,0001,399,349,160,00051.23%
          1. 3.3.2. Subsidiaries

a. Tourism Investment and Aquatic Products Development Company – Trisedco.

  • Charter capital: 692,283,410,000 VND.
  • Address: National Highway 80. Vam Cong Industrial Park, An Thanh Hamlet, Binh Thanh Commune, Lap Vo District, Dong Thap Province.
  • Main business lines:

+ Production of animal feed, poultry and aquatic products, wholesale of food.

+ Production of animal and vegetable oils and fats.

Unit: VND


Trisedco charter capital as of December 31, 2024IDI's contributed capital as of December 31, 2024Ratio rate office have (%)
692.283.410.000548.613.400.00079,25%

b. Vinh An Dak Nong Investment Company

  • Charter capital: 60,000,000,000 VND.
  • Address: No.1, Sub-area 834, Three-Tang Cluster, Ea Po Commune, Cu Jut District, Dak Nong
  • Main business line: Rubber plantation.

Unit: VND


Charter capital of Vinh An Dak Nong Company until 31/12/2024IDI's contributed capital as of December 31, 2024Ratio rate (%)
60.000.000.00058.500.000.00097.50%
  1. Development orientation.

4.1. The Company's main objectives.

          1. 4.1.1. Building a high-tech aquatic breeding center

The company is building a high-tech breeding center, applying modern technology from crossbreeding, developing good genes to produce good pangasius breeds to overcome current disadvantages such as reducing loss rate, shortening farming time, reducing feed coefficient, improving resistance for raw pangasius... Thereby reducing costs in fish farming, controlling prices and improving the quality of finished fish, helping the company's products to have good quality, be more competitive and be one of the keys to sustainable development for Vietnamese pangasius.



          1. 4.1.2. Developing fish farming areas in association with the Company

In addition to the goal of a closed pangasius production chain, in addition to having a modern fish farm, the Company also always strives to seek investment and develop farming areas in association with farmers who have standard raw pangasius farming areas, on the one hand to ensure the source of raw materials for the production chain, on the other hand to ensure the quality standards of finished fish as well as control the cost.



            1. 4.1.3. Construction of Seafood Processing Factory No. 3

The Company has completed the legal investment and is building Seafood Processing Plant No. 3 (US Seafood Plant) with a designed capacity of 120 tons of raw materials/day, expected to be completed in the first quarter of 2026, which will help the Company significantly increase its export capacity as the US market has opened wide and the world's food demand has continuously increased in recent years.



Seafood processing factory No. 01 with capacity of 300 tons of raw materials/day



Seafood processing factory No. 02 with capacity of 150 tons of raw materials/day



Cold storage No. 03 with capacity of 10,000 tons of finished products



Cold storage No. 04 with a capacity of 10,000 tons off-finished products will be merged with Factory No. 03 upon completion.


          1. 4.1.4. Increase the operating capacity of fishmeal - fish oil factories

The fishmeal - fish oil factory of the Tourism Investment and Aquatic Products Development Company (Trisedco) is a subsidiary of IDI Company with a capital contribution ratio of nearly 80%. This factory uses by-products of IDI seafood processing factories as input materials. With modern processes and technology, the fishmeal - fish oil factory produces two main products: fishmeal and fish oil. With IDI Company investing in building an additional seafood processing factory No. 03, the fishmeal - fish oil factory also needs to invest in expansion and increase operating capacity to be able to receive maximum input materials from IDI factories.

          1. 4.1.5. Construction of seafood packaging factory

Currently, IDI Company and member companies of Sao Mai Group in Vam Cong Industrial Park are spending nearly 200 billion VND per year on packaging payment. In order to effectively manage the production chain, reduce costs, and increase the competitiveness of IDI products, the construction of a seafood packaging factory is essential. With the available land fund in the Vam Cong Industrial Park, the Company is gradually completing the plan to build a seafood packaging factory. When this project is completed, a part of the seafood production chain will be stabilized, the rest will contribute to increasing production and business efficiency, increasing revenue and profit for the Company.

4.2. Medium and long-term development strategy

Continue to comprehensively develop fish in combination with protecting the ecological environment. In a sustainable direction, becoming a large commodity production industry, with reasonable production organization, productivity, quality, efficiency, prestigious brand, high competitiveness and firmly integrated into the world economy.

Innovate and apply science and technology in aquaculture and seafood processing, product preservation to reduce post-production losses. Form large-scale concentrated industrial farming areas according to ASC standards suitable for each market, creating large industrial pangasius output for export and domestic consumption, associated with traceability, building a prestigious, high-quality seafood brand.

Organize integrated seafood production according to product value chains. Form a system of domestic and foreign seafood distribution channels. Build relationships and share benefits among companies, farmers, and scientists to create a favorable environment to improve production efficiency.



Solar power system on the roof of a seafood processing factory.


4.3. Sustainable development goals

Continue to expand the scale of operations to create jobs, help improve the lives of thousands of employees in the local area of operation and neighboring areas. Contribute to increasing contributions to the State budget, developing society and reducing and repelling social evils in the Company's business areas.

Continue to support and join hands with funds to support the poor, the lonely and families in difficult circumstances in the area in particular and the whole country in general.

Continue to participate in conferences to discuss environmental protection and regularly promote the cleaning of machinery and equipment, repair and replacement of damaged or expired equipment to minimize emissions to the environment if any.

5. Risks affecting production and business activities

5.1. On water environment and quality of pangasius fry

Currently, the quality of pangasius fry is very low, their immunity is weak, so the fish are susceptible to many diseases, leading to a large loss rate, on average about 40-50%. In addition, the quality of the water environment is also very poor due to the excessive amount of pesticide residues in the water, causing some individual ponds to have a loss rate of up to 60-70%. This has a direct and great impact on the production plan of the company as well as most other pangasius processing factories.

5.2. About the consumer market

China, with the advantage of being adjacent to many borders with Vietnam and having the largest population in the world, as well as a huge demand for food products from pangasius, is currently the largest export market for Vietnamese pangasius in recent years. However, in recent years, the Chinese market has continued to face difficulties, leading to fierce competition, being very price sensitive and having low profit margins. Therefore, IDI has been in the process of restructuring the export market, actively developing new markets, reducing dependence on China...

5.3. On natural disasters and human impacts

In recent years, due to the impact of climate change, the region has started to witness more sun and rain. Additionally, many countries have built many hydroelectric dams to hold back water on the upper reaches of the Mekong River, which leads to little fresh water flowing in and salinization happening at alarming rates in the Mekong Delta. These environmental changes have caused pangasius to be more susceptible to pathogens along with slower and uneven growth among fish, making it take longer to pack for export and more difficult to manage and mark the size of the finished product.

5.4. Political

Recent geopolitical instability has led to conflicts and wars, disrupting the world's food supply chain, causing transportation costs to skyrocket, forcing many import-export businesses to increase their selling prices, leading to a decrease in imports and exports. In addition, the return of US President Donald Trump to the White House predicts the return of trade wars, which will further damage the world economy as import and export taxes will increase.

II. OPERATIONAL SITUATION IN 2024.

  1. Production and business situation.

1.1. Production and business performance results in 2024.

Unit: Billion VND


Only pepper20232024Difference deviatedAccording to the results structure
Increase / decreaseRatio rate (%)20232024Difference deviated
1. Sales and service revenue7,2247,142(82.0)-1.14%100%100%0.00%
2. Revenue deductions2.95.32.482.76%0.04%0.07%0.03%
3. Net revenue from sales and service provision7.2217,137(84.4)-1.17%99.96%99.93%-0.03%
4. Cost of goods sold6,6976,578(119.0)-1.78%92.70%92.10%-0.60%
5. Gross profit from sales and service provision52555934.06.48%7.27%7.83%0.56%
6. Financial operating revenue217.5179.0(38.5)-17.70%3.01%2.51%-0.50%
7. Financial costs411.6360.0(51.6)-12.54%5.70%5.04%-0.66%
In which: Interest expense362.1309.0(53.1)-14.66%5.01%4.33%-0.69%
8. Selling expenses131.9188.856.943.14%1.83%2.64%0.82%
9. Business management costs9082(8.0)-8.89%1.25%1.15%-0.10%
10. Net profit from business activities108.8106.5(2,3)-2.11%1.51%1.49%-0.01%
11. Other income13.111.5(1.6)-12.21%0.18%0.16%-0.02%
12. Other costs14.79.8(4.9)-33.33%0.20%0.14%-0.07%
13. Other profits(1.6)1.73.3206%-0.02%0.02%0.05%
14. Total accounting profit before tax107.2108.21.00.93%1.48%1.51%0.03%
15. Current corporate income tax expense33.835.51.75.03%0.47%0.50%0.03%
16. Deferred corporate income tax expense---0.10.00%0.00%0.00%
17. Profit after corporate income tax73.472.7(0.7)-0.95%1.02%1.02%0.00%
18. Basic earnings per share ()2452483.01.22%3.39%3.47%0.08%

Sales and service revenue: Total revenue in 2024 will reach VND 7,142 billion, down VND 82 billion compared to 2023, equivalent to a decrease of 1.14%. The main reason is that transportation costs are still very high due to geopolitical instability, causing consumer demand to remain at a moderate level, without a sharp increase. In addition, partly because the company has proactively reduced exports to the risky and low-margin Chinese market to focus on new, more potential markets.

Cost of goods sold: Since the price of raw pangasius in the market has stagnated and not fluctuated much since the last month of 2023, the company has proactively built a farming price in association with farmers to reduce it to a suitable level. This has helped the company's cost of goods sold to decrease slightly by 1.78%, equivalent to a decrease of VND 119 billion compared to 2023. However, at the end of 2024, the price of raw fish increased sharply to the range of VND 29,000 - 33,000/kg, which will help the company have quite good profits in 2025.

Financial operating revenue: Financial revenue decreased by VND 38.5 billion, equivalent to a decrease of 17.7% compared to 2023. The reason is that the company has reduced deposits at credit institutions to ensure production and business activities.

Financial costs: Financial expenses decreased by VND 51.6 billion, equivalent to 12.5% compared to 2023. The reason is that in 2023, the company proactively sought financial sources with very low interest rates and incentives to serve the company's production and business activities.

Selling expenses: Selling expenses increased by VND 56.9 billion, equivalent to an increase of 43.1% compared to 2023. The main reason is due to the high cost of transporting goods (an increase of VND 46.5 billion compared to 2023) and partly because the company increased promotion and product introduction in the US market, as well as other potential new markets to gradually reduce dependence on the Chinese market.

Business management costs: Business management costs decreased by VND 8 billion, equivalent to a decrease of 8.9% compared to 2023. The reason is that the company continues to streamline its operating and production apparatus, increasing savings in the effective use of electricity and water.

1.2. Results of implementation compared to plan

Net profit from business activities: Net profit from business activities decreased by VND 2.3 billion, equivalent to a decrease of 2.1% compared to 2023. The reason is that the company proactively reduced orders to the Chinese market, while new markets such as the US have not yet reached a balance with the above reduction, leading to a decrease in profit from business activities.

Unit: Billion VND


Only pepperReal presently 2023Plan 2024Real presently 2024Increase decrease compared to 2023Increase decrease compared to plan 2024
Number great opposite to%Number great opposite to%
Net revenue7.2218,5007,137-84-1.17%-1.363-16.04%
Total profit after tax73.427572.7-0,7-0.95%-202-73.56%

Market export mouth fish continue searching Vietnam custom go through a lot difficult towel, challenge wake up, together with momentum increase Chief slow. Those replace change belong to market filial People pepper use according to afternoon direction reduce thing adjust belong to market

school variable dynamic belong to the weak to sue land main treat, fight painting, foot luck download, tax, ... still To be the fence prevent main in year 2024

IDI Company is also not out of the above difficult spiral when many main growth drivers slow down, the Chinese market (once IDI's largest market) gradually shifts to prioritizing domestic goods, when the risk of trade wars with the US is forecast to return and increase more after the US presidential election at the end of 2024 has clear results.

1.3. Production and business activities

          1. 1.3.1. Mechanism structure business collect in year

Unit: Billion VND


No.ITEM20232024
Price treatRatio weightPrice treatRatio weight
1Revenue from sales of goods and finished pangasius products2,89640.09%2,77538.85%
2Revenue from fish meal and fish oil2,88539.94%2,89640.55%
3Revenue from sales of goods and finished animal feed products1,37218.99%1,41819.85%
4Service revenue700.97%530.74%
5Investment real estate revenue0.40.01%0.20.00%
Total Add7,223100%7,142100%

In the body structure business receive area water product hold taste mind owner religion, accounting for 99.26% of 2024 for see the company still active dynamic practice central and specialized deep enter field area water product

Revenue field area water product 2024 reduction over 64 billion copper, similar present down 0.89% compared to 2023. This To be conclude fruit dark advantage best in love status still much difficult towel, challenge awake give branch water product obtain Okay conclude fruit This, the Board of Directors and the Executive Board Supervisor Governor The company has Right link custom only morality onion and replace change decide book edema fit with power force active dynamic product export terrible business of the Company, to only maintain product export terrible business Have effect fruit in year 2024

          1. 1.3.2. Muscle cost structure price capital

Unit: Billion VND


No.ITEM20232024
Price treatRatio weightPrice treatRatio weight
1Cost of goods and finished pangasius products sold2,58639.32%2,51138.18%
2Cost of fish meal, fish fat2,77142.13%2,80942.71%
3Cost of goods and finished animal feed products sold1,28719.57%1,20618.34%
4Cost of services rendered510.78%510.78%
5Cost of operating real estate investment0.360.01%0.090.00%
6Provision for inventory write-down0.00.00%-0.30.00%
Total Add6,695100%6,577100%

Price capital sell row become product field area water product occupy billion 99.23% weight in 2024, down 118 billion copper vs. 2023. Cause is due to spending power, spending use above market school slow down again should The company has owner dynamic build price feed link conclude reduce down, lead arrive price capital row sell of the Company decreased light about 1.78% compared to 2023.

2. Organization and personnel

2.1. List of Executive Board

Mr. Le Van Canh - General Director

  • Mr. Le Van Canh was born in 1975 in Trieu Son, Thanh Hoa. He used to work at Sao Mai Group Joint Stock Company. From 2010-2023, he was Deputy General Director of I.D.I International Development and Investment Corporation. From May 2023 to present, he has held the position of General Director of I.D.I International Development and Investment Corporation.
  • Number of shares owned: 13,282 shares, accounting for 0.005% of charter capital.



Ms. Vo Thi Minh Tam - Deputy General Director

  • Ms. Vo Thi Minh Tam was born in 1966 in Long Xuyen, An Giang. She used to work at Phap My Cosmetics Company, Transimex Transport Company, Ho Chi Minh City. From 2016 to present, she has held the position of Deputy General Director of I.D.I International Development and Investment Corporation.
  • Number of shares owned: 0 shares, accounting for 0% of charter capital.



Mr. Nguyen Thanh Hai - Deputy General Director

  • Mr. Nguyen Thanh Hai was born in 1988 in Tho Xuan, Thanh Hoa. After graduating with a Bachelor's degree in Business Administration from California State University, he worked as Assistant to the Chairman of the Board of Directors of I.D.I International Development and Investment Corporation since 2012. From 2015 to present, he has been Deputy General Director of I.D.I International Development and Investment Corporation.
  • Number of shares owned: 12,000,000 shares, accounting for 5.27% of charter capital.



Mr. Le The Tung – Deputy General Director

  • Mr. Le The Tung was born in 1996 in Long Xuyen, An Giang. After graduating from Boston University in 2017, he worked at Deloitte Vietnam Co., Ltd. until the end of 2019. From 2020, he worked as Assistant to the General Director of I.D.I Company. From 2022 to present, he was appointed as Deputy General Director of I.D.I International Development and Investment Corporation.
  • Number of shares owned: 0 shares, accounting for 0% of charter capital.



Mr. Truong Cong Khanh - Chief Financial Officer

  • Mr. Truong Cong Khanh was born in 1987 in Lap Vo, Dong Thap. Before becoming Chief Financial Officer of I.D.I International Development and Investment Corporation., he worked at Truong Thanh Wood Industry Corporation, Tourism Investment and Aquatic Products Development Company, Asia Real Estate and Mineral Investment Company, Sao Mai Group Company.
  • Number of shares owned: 0 shares, accounting for 0% of charter capital.



Mr. Nguyen Duc Phuong - Chief Accountant

  • Mr. Nguyen Duc Phuong was born in 1994 in Cho Moi-An Giang. After graduating with a bachelor's degree in accounting, he worked as a general accountant for Asia Fish Oil Joint Stock Company from 2016-2020. From September 2020 to present, he has been the Chief Accountant of I.D.I International Development and Investment Corporation.
  • Number of shares owned: 0 shares, accounting for 0% of charter capital.

2.2. Changes in the Executive Board in 2024

  • Do not have

2.3. Human resources

The total number of staff and workers of IDI Company at the end of 2024 is 2,950, of which the number of staff and employees is 322, the rest is the workforce in factories and workshops serving the production activities of the Company. In 2024, the Company continues to arrange and reorganize the human resources to ensure the use of human resources in a streamlined and efficient manner. For the office block, review the personnel of departments, rotate surplus personnel to departments that are lacking, so that staff can take on additional work when someone leaves without having to recruit more staff. For the production block, improve production processes, apply machinery and automation technology to reduce labor in intermediate stages. Therefore, the Company's workforce in 2024 has decreased by about 10% compared to 2023, helping the Company cut a large amount of costs, contributing to reducing product prices.

3. Status of investment implementation and project implementation

3.1. Major investments in 2024.

3.1.1. Investment in construction of US seafood processing factory (Factory No. 03)

  • Construction location: Vam Cong Industrial Cluster, An Thanh Hamlet, Binh Thanh Commune, Lap Vo District, Dong Thap Province.
  • Investor: I.D.I International Development and Investment Corporation.
  • Time space complete form: Project ants in Q4/2025 – Q1/2026.
  • Capacity design plan: 120 tons original materials / day
  • Total capital head Investment: 600,000,000,000 VND.
  • Source Capital : Investment private equal source capital from release onion left vote green.
          1. 3.1.2. Investment in building a high-tech aquatic breeding center
  • Investment location: Belonging to Dong Thap and An Giang provinces
  • Investor: I.D.I International Development and Investment Corporation.
  • Form of investment: Receive transfer and upgrade facilities.
  • Time space complete form: Project ants in the fourth quarter of 2025.
  • Total capital head investment : 400,000,000,000 VND
  • Source Capital: Investment private equal source capital from release onion left vote green.

3.2. Summary of the operations and financial status of the Parent Company and its Subsidiaries.

          1. 3.2.1. Parent Company

Sao Mai Group Corporation (ASM)

  • Charter capital: 3,701,782,500,000 VND.

Production and business results in 2024:

Unit: Billion VND


No.Item20232024Difference deviated
Increase / DecreaseRatio rate (%)
1Total asset value20,30722,8562,54912.55%
2Net revenue from sales and services11,97312,013400.33%
3Net operating profit319339206%
4Total accounting profit before tax319317-2-0.63%
5Profit after corporate income tax252251-1-0.40%
6Basic earnings per share580517-63-10.86%

(Source: Audited Consolidated Financial Statements 2024)

          1. 3.2.2. Subsidiaries

Tourism Investment & Aquatic Products Development Company – Trisedco.

  • Capital thing Rate : 629,351,040,000 VND.

Production and business results in 2024:

Unit: Billion VND


No.Item20232024Difference deviated
Increase / DecreaseRatio rate (%)
1Total asset value1,6631,521-142-8.54%
2Net revenue from sales and services2,9402,939-1-0.03%
3Net operating profit8565.5-19.5-22.94%
4Other profits-1.89-0.021.87-98.94%
5Total accounting profit before tax83.3065.50-17.80-21.37%
6Profit after corporate income tax75.3058.80-16.50-21.91%
7Basic earnings per share1,433898-535-37.33%

(Source: Audited Consolidated Financial Statements 2024)

b- Vinh An Dak Nong Investment Company.

  • Capital thing rate : 60,000,000,000 VND

Production and business results in 2024:

Unit: Billion VND


No.Item20232024Increase / Decrease
1Total asset value67.1070.403.30
2Net revenue from sales and services---
3Net operating profit-0.05-0.040.01
4Other profits-0.42-0.01-0.40
5Total accounting profit before tax-0.48-0.010.47
6Profit after corporate income tax-0.48-0.010.47

(Source: Audited Consolidated Financial Statements 2024)



4. Financial situation of IDI Company

4.1. Financial situation in 2024

Unit: Billion VND


No.Item20232024Difference deviated
Increase / DecreaseRatio rate (%)
1Total asset value8,2779,377110013.29%
2Net revenue from sales and services7,2217,137-84-1.16%
3Net operating profit109106-3-2.75%
4Other profits(1.6)1.73.3206%
5Total accounting profit before tax10710810.93%
6Profit after corporate income tax737300.00%
7Basic earnings per share24524831.22%

(Source: Audited Consolidated Financial Statements 2024)

4.2. Indicators pepper talent main owner weak

Target20232024
1. Indicators of payment capacity1.221.53
+ Short payment ratio :
Current Assets/Current Liabilities
+ Quick payment ratio :0.881.27
(Current Assets - Inventory)/ Current Liabilities
2. Capital structure indicators0.590.63
+ Debt/Total Assets Ratio
3. Performance indicators4.655.11
+ Inventory turnover :
(Cost of goods sold/Average inventory)
+ Net revenue/Total assets0.870.76
4. Profitability indicators0.010.01
+ Profit after tax/Net revenue ratio
+ Profit after tax/Equity ratio0.020.02
+ Profit after tax/Total assets ratio0.010.01
+ Operating Profit/Net Revenue Ratio0.020.01

5. Shareholder structure, changes in owner's capital investment

5.1. Shares

  • Total number of outstanding shares: 273,172,668 shares.
  • Type of shares: Common shares are freely transferable.

5.2. Shareholder structure.

          1. 5.2.1. List of shareholders holding more than 5% of the Company's share capital

List of shareholders holding more than 5% of IDI Company's share capital according to the list of securities owners as of March 14, 2025 according to the list sent to the Company by the Vietnam Securities Depository Center, Ho Chi Minh City Branch:


No.Shareholder nameRegistrationAddressNumber of sharesProportion
1Sao Mai Group Corporation - Legal representative:. Le Tuan Anh1600169024326. Hung Vuong, Long Xuyen City, An Giang139,934,91651.23%
2Nguyen Thanh Hai03808803132972 Tran Nhat Duat, Long Xuyen City, An Giang14,400,0005.27%
Total154,334,91656.50%
          1. 5.2.2. Mechanism structure neck winter


TargetNumber of sharesRate (%)
Major shareholders and minor shareholders:273,172,668100%
+ Major shareholder154,334,91656.50%
+ Minor shareholders118,837,75243.50%
Institutional shareholders and individual shareholders:273,172,668100%
+ Institutional shareholders141,698,60451.87%
+ Individual shareholders131,474,06448.13%
Domestic and foreign shareholders:273,172,668100%
+ Domestic shareholders270,950,63099.19%
+ Foreign shareholders2,222,0380.81%
State shareholders, special shareholders and other shareholders:273,172,668100%
+ State shareholders00.00%
+ Special shareholders (Board of Directors, Board of Management, Supervisory Board....)14,413,2825.28%
+ Other shareholders258,759,38694.72%

Source: According to the list book neck East by Center save sign Proof Vietnam Securities Corporation March 14, 2025

5.3. Love image replace change capital head private belong to owner office have

I.D.I International Development and Investment Corporation reports on the capital increase process since its operation as follows:

  • First registration: Operating charter capital is 29 billion VND.
  • 1st change : Increased from 29 billion VND to 47.94 billion VND, increased by 18.94 billion VND, equivalent to 947 shares (Par value: 20 million VND/share), according to Resolution of the Company's Shareholders' Meeting No. 027/NQ-DHCD dated February 9, 2007.
  • 2nd change: Increased from 47.94 billion VND to 91.474 billion VND, increased by 43.534 billion VND, equivalent to 4,353,400 shares (Par value: 10,000 VND/share), according to Resolution of the Company's Shareholders' Meeting No. 028/NQ-DHCD dated August 12, 2007.
  • 3rd change : Increased from 91,474 billion VND to 228,107,040,000 VND, increased by 136,633,040,000 VND equivalent to 13,663,304 shares (par value: 10,000 VND/share), according to the Company's Shareholders' Meeting Resolution No. 068/07-IDI dated September 18, 2007.
  • 4th capital increase: Increase from 228,107,040,000 VND to 380,000,000,000 VND, increase by 151,892,960,000 VND corresponding to the number of shares: 15,189,296 shares (10,000 VND/share) according to the Resolution of the Company's Shareholders' Meeting dated May 11, 2010.
  • 5th capital increase: Increase from 380,000,000,000 VND to 456,000,000,000 VND, increase by 76,000,000,000 VND corresponding to the number of shares of 7,600,000 shares (10,000 VND/share) according to Resolution of the Company's Shareholders' Meeting No. 01/NQ-DHCD/2014 dated May 9, 2014.
  • 6th capital increase : Increase from 456,000,000,000 VND to 855,000,000,000 VND, increase by 399,000,000,000 VND corresponding to the number of shares of 39,900,000 shares (10,000 VND/share) according to Resolution of the Company's Shareholders' Meeting No. 01/NQ-DHCD/2014 dated May 9, 2014.
  • 7th capital increase : Increase from 855,000,000,000 VND to 983,250,000,000 VND, increase by 128,250,000,000 VND corresponding to the number of shares of 12,825,000 shares (10,000 VND/share) according to Resolution of the Company's Shareholders' Meeting No. 01/NQ-DHCD/2015 dated May 10, 2015.
  • 8th capital increase : Increase from 983,250,000,000 VND to 1,816,096,710,000 VND, increase by 832,846,710,000 VND corresponding to the number of shares of 83,284,671 shares (10,000 VND/share) according to Resolution of the Company's Shareholders' Meeting No. 01/NQ-DHCD/2015 dated May 10, 2015.
  • 9th capital increase : Increase from VND 1,816,096,710,000 to VND 1,979,534,200,000, an increase of VND 163,437,490,000 corresponding to the number of shares of 16,343,749 shares (VND 10,000/share) according to Resolution of the Company's Shareholders' Meeting No. 01/NQ-DHCD/2018 dated April 27, 2018.
  • 10th capital increase: Increase from VND 1,979,534,200,000 to VND 2,276,446,080,000, an increase of VND 296,911,880,000 corresponding to the number of shares of 29,691,188 shares (VND 10,000/share) according to Resolution of the Company's Shareholders' Meeting No. 01/NQ-DHCD/2019 dated April 25, 2019.
  • 11th capital increase: Increase from VND 2,276,446,080,000 to VND 2,731,726,680,000, an increase of VND 455,280,600,000 corresponding to the number of shares of 45,528,060 shares (VND 10,000/share) according to Resolution of the Company's Shareholders' Meeting No. 01/2024/NQ-DHCD dated April 22, 2024.

5.4. Treasury stock transactions: None

5.5. Other securities: None

6. Report on the Company's environmental and social impacts

6.1. Environmental impact

  • Total greenhouse gas emissions: None
  • Initiatives and measures to reduce greenhouse gas emissions: None

6.2. Management of raw materials

  • The total amount of raw materials used for production in 2024 by IDI Company is 61,445 tons of raw materials.
  • Report the percentage of recycled materials used to manufacture the Company's main products and services: None

6.3. Energy consumption

  • The Company's direct energy consumption in 2024 is: 32,022,139 kWh of national grid electricity and 1,342,235 KW of solar power.
  • In 2024, the Company will employ 99,052 liters of DO oil.
  • Energy saving initiatives in factory production:

+ Manage and operate electrical equipment to save energy, effectively and avoid waste.

+ Replace energy-saving devices such as LED bulbs, install solar panels to absorb heat during the day to light up the lights inside and outside the company at night.

+ The company has invested in installing a rooftop solar power system with a capacity of 1.06 MWH.

6.4. Water consumption

  • In 2024, the Company will use about 426,700 m³ clean water.
  • The company does not recycle used water to ensure the best product quality for export to demanding markets.

6.5. Comply with environmental protection laws

  • Number of times fined for violating environmental regulations: None
  • Total amount of fines imposed for violating environmental regulations: None

- Sustainable human resources

It can be affirmed that the achievements that IDI has had over the years are all created from one of the most valuable assets of the Company, which is human resources. At IDI, officers, employees and workers work in a professional, fair, transparent environment, are respected, listened to and recognized. The Company always creates favorable conditions for employees to bond, share and contribute to the collective development.

As of December 31, 2024, IDI has approximately 2,950 officers, employees and workers. The staff is increasingly high quality and professional. In addition, the Company has also achieved international standards with high requirements on policies for workers such as BSCI, BAP, ASC... This is a prerequisite for the Company's products to be exported to major markets such as the US, EU... places with very high standards on policies for workers.

LABOR STRUCTURE TABLE

No.Calculate matter stool typeNumber quantity ( People )Ratio weight (%)
AAccording to the process degree2,950100.00%
1Grand learn and Above Grand learn1745.90%
2College772.61%
3Intermediate712.41%
4Other2,62889.08%
BBy gender calculate2,950100.00%
1Male1,25042.37%
2Female1,70057.63%

EMPLOYEE INCOME STATEMENT

INDICATORS202220232024
Income jar army ( VND / person / month )
- Handle set , multiplication pill13,000,00013,200,00013,300,000
- Worker home machine7,500,0007,700,0008,000,000

- Policies and benefits:

+ All employees working at IDI have signed labor contracts, fully participate in social insurance, health insurance, unemployment insurance and are assigned jobs suitable to each person's expertise and ability. No employee is forced or involuntarily employed.

+ Workers' income is getting better every year.

+ Regarding working conditions and occupational safety and hygiene, employees are trained and instructed on working procedures before starting work, are provided with labor protection gear appropriate to their job position, and are provided with periodic health check-ups and occupational disease check-ups for employees working in toxic environments in accordance with regulations.

+ The company always maintains the 13th month salary for employees every year. Gives year-end gifts to employees to enjoy the spring with their families.

+ Support gas or accommodation for employees who come from far away to work at the Company. Support ferry fare for employees who have to travel by ferry to work at the Company.

+ Support mid-shift meals for all employees, arrange two airy and hygienic canteens. The dishes are always diverse, rotated to ensure adequate nutrition, hygiene, and food safety so that employees have good health and work effectively.

+ Cooperate with the grassroots trade union to visit and give gifts to union members and employees in case of illness or funeral promptly and regularly.

+ Maintain policies that care for female workers such as: Taking care of women's reproductive health, supporting women after giving birth; Giving gifts to female workers on International Women's Day March 8, Vietnamese Women's Day October 20.

+ Organize festival activities, collective activities, organize sightseeing and vacation trips for employees and their families... through which employees will have the opportunity to understand each other better and promote more effective teamwork spirit.

+ Establish a Fund to support employees in difficulty with the purpose of providing subsidies and support (one-time or long-term) to employees and their family members in especially difficult circumstances.

- Reward

+ At the end of the year, the Company organizes a review and reward for departments and individuals who have excellently completed their tasks during the year.

+ Extraordinary rewards for individuals with effective initiatives applied to production and business activities to save costs, increase labor productivity, and improve the Company's management.

- Employee training activities

+ The company recognizes that an important part of the strategy for building stable and sustainable growth is the core factor of human resources. The company not only focuses on investing in professional training courses but also promotes the exchange of experiences between employees. These activities not only improve qualifications but also encourage creativity and innovation in work. At the same time, IDI constantly updates knowledge and skills in operating machinery and equipment to meet the development of technology. The application of new science and technology not only helps increase work efficiency but also ensures that the enterprise is meeting all requirements and challenges in an increasingly competitive business environment.

+ Regularly send staff to attend domestic and foreign training courses organized by VCCI and agencies and associations to improve professional qualifications and skills.

+ Training and fostering on HACCP, GMP, SQF, management skills, professional skills for workers and employees at the factory.

6.7. Reports relating to responsibility towards local communities

In 2024, the Company will participate in supporting a number of social security programs as follows:

  • Support for the program "Spring Trees for poor children in Dong Thap province" on the occasion of Lunar New Year 2024 launched by the Gratitude and Child Protection Fund of Dong Thap province is 60,000,000 VND.
  • Participation in the social security program launched by Emulation Block 10B of Dong Thap province is 8,500,000 VND.



6.8. Reports relating to green capital market activities

In 2024, the Company successfully connected and issued a green bond package of VND 1,000 billion to finance the project of building a new US Seafood Processing Factory (Factory No. 03) and building a new Sao Mai High-Tech Aquatic Breeding Center. This is the first green bond package in the aquaculture sector in Southeast Asia, opening up great opportunities for the Company to continue to access green bond packages in the future and towards the Net Zero goal of the Vietnamese Government.

III. NEWSPAPER FOX AND FIGHT PRICE OF THE GENERAL BOARD SUPERVISOR GOVERNOR

1. Evaluation of production and business performance

1.1. Evaluation of production and business performance in 2024

Total quantity of goods sold( Ton )Ratio rate the product product sell go out above block grossTotal business collect Export export (USD)Ratio rate achieved compared to plan plan 2024 About business collect
50,524 ^ Fillet s : 85 % ^ Product product other from fish check : 15 %102,140,00075%

In the face of the ongoing geopolitical wars, causing instability to the world economy in general and the Vietnamese economy in particular, high transportation costs, import and export costs, inflation is still quite high, ... but Vietnam's pangasius exports in 2024 have had many more positive changes. The total export turnover of Vietnam's pangasius in 2024 reached more than 2 billion USD, an increase of 11% compared to 2023. The largest pangasius import markets are still China reaching 580 million USD (an increase of 1.2% compared to 2023); the US reaching 345 million USD (an increase of 27.3% compared to 2023); CPTPP countries reaching 274 million USD, an increase of 10%.

IDI's export revenue in 2024 reached more than 102 million USD, down 5.5% compared to 2023. The decline in IDI's export revenue mainly came from the mainland China market, from the top position accounting for 38.65% of the company's export revenue in 2023 to 22% in 2024. Mexico became IDI's most important market in 2024, accounting for nearly 25% of export revenue. Most of IDI's other key markets saw growth in 2024, but still could not compensate for China's decline.

Faced with signs of unstable policies, fierce price competition, price sensitivity and low profit margins from the Chinese market, IDI's board of directors decided to gradually shift to new markets to gradually reduce dependence on the world's most populous market.

1.2. Progress the Company has achieved

          1. 1.2.1. Raw materials
  • The company is building a high-tech aquatic breeding center, from here it will select and produce the best quality and disease-resistant breeds to supply to the Company's large farming areas with fish farmers. From here, it will begin to control the cost of raising livestock with the best feed ratio, reduce the cost of input fish and increase the competitiveness of the Company in key and potential markets.
  • Being proactive in raw material sources has helped the Company stabilize the production activities of the two current factories. Especially at times when raw fish prices increase, raw materials in the market become scarce from the fourth quarter of 2024 onwards, bringing a huge business advantage to the Company from the beginning of 2025.
          1. 1.2.2. Technology level
  • Modern processing lines and equipment. Quality management program according to international food safety and hygiene standards. The factory is located in the center of the raw material area and the human resources for processing pangasius are located in a separate industrial cluster, so it is easy to expand and develop.
  • Transporting raw fish to the processing line, the path of semi-finished products is very reasonable, simplifying management and saving costs. The space outside the production is neat, clean and aesthetic, environmentally friendly.
  • Freezing and processing equipment from Japan, Europe and America, stable operation, high quality production, allowing semi-automation and automation of production activities. Skilled workers. Production managers are people with many years of experience, bringing reasonable and lowest production costs.
          1. 1.2.3. Product / service quality control situation
  • The company is applying a quality management program according to HACCP standards prescribed by Vietnam, recognized by the National Department of Agriculture, Forestry and Fisheries Product Quality Management (Nafiqad) and granted EU DL 479 code certifying that the goods meet export standards.
  • In particular, we are applying a quality management system and are certified to meet international standards such as ISO 9001-2018, IFS, BRC, ASC, BAP, BSCI, HACCP, HALAL, FDA, ISO 17025... This is proof to customers that the products produced are of good quality, meeting the most stringent regulations of the world market.
          1. 1.2.4. Marketing activities
  • The company always actively participates in major domestic and international seafood fairs, participates in overseas trade promotion events organized by VASEP and VCCI with permitted safety conditions such as:

+ March (March 7 - March 13, 2024): Meeting Boston Market at America

+ April (April 23 - April 25, 2024): Meeting market Water product All Barcelona Bridge in Spain.

+ May (May 28 – June 1, 2024): Meeting market ThaiFex in Thailand

+ September (04/09 - 06/09/2024): Meeting market water Asia Expo 2023 in Singapore

+ October (October 30 – November 1, 2024): Meeting Qingdao market in China

+ November (November 6 - November 8, 2024): Meeting market Water product and Profession Busan fish at Korea

  • Nest function post load the post write advertisement fox about the product product of the Company on the newspaper country economy, post load above the specialized website branch water product



FDA number:10454492110




2. Financial situation

2.1. Asset situation analysis

Unit: Billion VND


Target2021202220232024
Total assets7,5548,0848,2779,377
Net revenue5,7197,9317,2217,137
Profit before tax181618107108


Target2021202220232024
Asset utilization efficiency(Net revenue/Total assets)75.71%98.10%87.24%76.11%
Return on assets(Profit before tax/Total assets)2.40%7.64%1.29%1.15%

From board stool product effect fruit history use talent products through the year, we see effect fruit history use 1 coin talent product of the Company jar always obtain over 75% of sales collect pure, for see the company always history use each copper talent product of the Company achieved effect fruit Good and always Have blame duty High with each copper talent product cancel go out.

2.2. Debt situation

Unit: Billion VND


Target2021202220232024
Liabilities4,4114,7184,8565,885
Total equity3,1433,3663,4223,492
Total capital7,5548,0848,2789,377



liabilities in 2024 increased by 21% compared to 2023. The reason is that in the fourth quarter of 2024, the Company successfully issued a green bond package of VND 1,000 billion to invest in the construction of seafood processing factory No. 03 and the construction of a high-tech aquatic breeding center. The Company is always committed to using each borrowed capital most effectively and making payments on time as signed in economic contracts with customers, as well as making payments on time on debt acceptance contracts of credit institutions and banks, so there has never been a situation of overdue debts.

3. Production and business plan for 2025 (For parent company only)

  • Business goals and orientation.

+ Maintain the Company's customers and market share, while expanding potential markets, reopening the US market, and actively developing new markets.

+ Increase the factory's production capacity and increase the Company's seafood export revenue to about 121.4 million USD and achieve after-tax profit of about 100 billion VND.

+ Ensure stable production and business activities, creating stable jobs for workers in the region.

+ Continue to strive to raise IDI Company's ranking to Top 2 largest Pangasius processing and exporting companies in Vietnam.

  • Planned consumption volume in 2025 :

Unit: Ton


MonthWhite FilletPink Fillet palePink FilletYellow Fillet paleMeat Fillet redCut songWholeTotal add wall product
17561.3862521265041681683.360
27561.3862521265041681683.360
37711.4132571285141711713.425
47811.4312601305211731733.469
56501.5612601305211731733.468
66501.5612601305211731733.468
76501.5612601305211731733.468
86501.5612601305211731733.468
96911.6592771385531841843.686
106911.6592771385531841843.686
117321.7572931465861951953.904
128781.6102931465861951953.903
Total8.65618.5453.2011.5986.4052.1302.13042.665
  • Revenue export as planned plan 2025 :


Unit : USD


MonthFillet whiteFillet pink paleFillet pinkFillet Yellow paleFillet meat redCut songWholeTotal add business collect
12.419.2004.296.600680.400340.2001.159.200336.000336.0009.567.600
22.419.2004.296.600680.400340.2001.159.200336.000336.0009.567.600
32.467.2004.380.300693.900345.6001.182.200342.000342.0009.753.200
42.499.2004.436.100702.000351.0001.198.300346.000346.0009.878.600
52.080.0004.839.100702.000351.0001.198.300346.000346.0009.862.400
62.080.0004.839.100702.000351.0001.198.300346.000346.0009.862.400
72.080.0004.839.100702.000351.0001.198.300346.000346.0009.862.400
82.080.0004.839.100702.000351.0001.198.300346.000346.0009.862.400
92.211.2005.142.900747.900372.6001.271.900368.000368.00010.482.500
102.211.2005.142.900747.900372.6001.271.900368.000368.00010.482.500
112.342.4005.446.700791.100394.2001.347.800390.000390.00011.102.200
122.809.6004.991.000791.100394.2001.347.800390.000390.00011.113.700
Total27.699.20057.489.5008.642.7004.314.60014.731.5004.260.0004.260.000121.397.500
  • Plan plan product export 2025 :

Unit: Ton


MonthWhite FilletPink Fillet palePink FilletYellow Fillet paleMeat Fillet redCut songWholeTotal add wall product
17591.3922531275061691693.375
27591.3922531275061691693.375
37741.4192581295161721723.440
47841.4372611315231741743.484
56531.5682611315231741743.484
66531.5682611315231741743.484
76531.5682611315231741743.484
86531.5682611315231741743.484
96941.6662781395551851853.702
106941.6662781395551851853.702
117351.7642941475881961963.920
128821.6172941475881961963.920
Total8.69318.6253.2131.6106.4292.1422.14242.854
  • Plan plan original whether head enter.


Unit: Ton


MonthBlock quantity T1 fishBlock quantity T2 fishTotal number original materials/month
14.3932.3656.758
24.3932.3656.758
34.4782.4116.889
44.5352.4426.977
54.1862.7916.977
64.1862.7916.977
74.1862.7916.977
84.1862.7916.977
94.4482.9657.413
104.4482.9657.413
114.7103.1407.850
125.1032.7487.851
Total53.25232.56585.817
  • Attend ants product quantity awake eat pepper receiver in 2025.


Unit: Ton


MonthAwake eat 3 glasses 28% proteinAwake eat 5 glasses 26% proteinTotal Add
12.30016.67118.971
22.3006.0008.300
32.3006.0008.300
42.2006.5008.700
52.2006.5008.700
62.1007.0009.100
72.1007.5009.600
82.1007.5009.600
92.1007.5009.600
102.1007.7009.800
112.0008.00010.000
122.0008.58810.588
Total25.80095.459121.259
  • Attend ants price sell awake eat pepper receiver in 2025


No.Food typeVND/kg
13 cups 28% protein food13.200
25 cups 26% protein food12.200
  • Attend newspaper business collect from terrible business awake eat in 2025:


Unit: Billion VND


MonthAwake eat 3 glasses 28 % proteinAwake eat 5 glasses 26% proteinTotal Add
13081112
23090121
33090121
42992121
52992121
62898125
72898125
82898125
928104131
1028104131
1126110136
1226110136
Total3411.1651.505

- Attend newspaper conclude fruit business in 2025

Unit: Billion VND


TargetConsolidated 2024 Financial StatementsPlan 2025
IDITrisedcoTotal consolidated plan 2025
1. Sales and service revenue7.1425.0023.0008.002
2. Cost of goods sold6.5784.2892.8807.169
3. Gross profit from sales and service provision559713120833
4. Financial operating revenue17910055155
5. Financial costs36050072572
6. Selling expenses18916125186
7. Business management costs8250858
8. Net profit from business activities10610270172
9. Other income11,515116
10. Other costs9,8505
11. Other profits1,611112
12. Current corporate income tax expense3512012
13. Deferred corporate income tax expense----
14. Profit after corporate income tax72,610070170

4.1. On environmental protection works (EP) for wastewater.

          1. 4.1.1. Wastewater treatment
  • I.D.I International Development and Investment Corporation (IDI Company) has 01 wastewater treatment plant with a designed capacity of 3,000m³/day.night, the treatment process and capacity scale remain unchanged compared to before. Currently, IDI Company's wastewater treatment system is receiving and treating wastewater from 04 factories in the Vam Cong Industrial Park with daily wastewater flow.

Total wastewater flow generated in 2024: 426,700 m³/year (Average about 1,673 m³/day. night). And the most recent year 2023: 394,480 m³/year (Average about 1,535 m³/day. night).

  • Total flow according to the approved design in the environmental impact assessment report: 810,000 m³ (equivalent to 2,700 m³/day.night).
  • Results of wastewater treatment system operation:

Currently, the Company's wastewater treatment system is operating continuously and stably, meeting the requirements for wastewater treatment from the 4 above-mentioned factories.

Based on the results of monitoring and analyzing wastewater samples after passing through the wastewater treatment system, it shows that most of the indicators are below the allowable threshold according to QCVN 11-MT: 2015/BTNMT, Column A.

          1. 4.1.2. Wastewater monitoring results

Summary of monitoring results for each monitoring period (periodic monitoring).

+ For the Company's post-treated wastewater, the sample analysis results in 4 monitoring periods in 2024 all parameters met QCVN11-MT: 2015/BTNMT, Column A.

+ For surface water, monitoring is done at 3 points in the discharge basin: at the discharge culvert, 0.3km upstream from the discharge culvert and 0.3km downstream from the discharge culvert of Hau River.

4.1.3. Continuous, automatic wastewater monitoring: The company is implementing installation.

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4.2.1. Exhaust gas treatment

  • The company does not have any projects that emit emissions into the environment.

4.2.2. Emission monitoring results

          1. 4.2.2.1 Periodic monitoring results
  • Time space mandarin Measurement : 04 times on March 5, 2024; June 4, 2024; September 9, 2024 and November 11, 2024.
  • Monitoring frequency: 03 months/time
  • Monitoring location, number of monitoring samples exceeding standards: none
  • Comments and evaluation of monitoring results: Air quality in the Company's areas through sample analysis results in 4 monitoring periods in 2024 shows that most parameters meet QCVN 26:2010/BTNMT; QCVN 05:2023/BTNMT (average in 1 hour); QCVN 24:2016/BYT; QCVN 03:2019/BYT.
            1. 4.2.2.2. Automatic, continuous emission monitoring: No

4.3. On general solid waste management

4.3.1 Regarding domestic solid waste (Garbage):

The Company has signed a contract for waste collection and treatment with Dong Thap Urban Water Supply and Environment Joint Stock Company - Environmental Services Branch and Saigon Green Public Service Company Limited.

4.3.2 Regarding common industrial solid waste

Raw pangasius that does not meet production standards and by-products of pangasius processing: The Company signs sales contracts with partners such as:

  • Clean Seafood Export Joint Stock Company
  • Ngoc Thao Company Limited (No. 68 Mau Than, An Nghiep Ward, Ninh Kieu District, Can Tho City.)
  • Mai Scrap Collection Point Business Household (No. 27 Tran Van Thanh, Dong Thanh, Dong Xuyen, Long Xuyen City, An Giang)

4.4. On hazardous waste management:

CTNH statistics (including regular and unexpected occurrences):

(i) Treatment methods applied to each hazardous waste: PT (Separation/extraction/filtration/precipitation); TD (Incineration); HR (Solidification).

a) Statistics of exported hazardous waste (if any): none

b) Statistics on hazardous wastes that are self-reused, pre-processed, recycled, treated, co-treated, and have energy recovered from hazardous wastes within the facility premises (if any): none

  • CTNH management plan in the next reporting period:

+ In the production activities of factories that generate hazardous waste, the company collects, classifies and stores it at the company's hazardous waste warehouse.

+ In the next period, the company will continue to sign a contract with Chan Ly Environment Company Limited or a unit with the function of collecting, transporting and treating hazardous waste according to regulations. Periodically every 6 months, collect and treat to ensure environmental hygiene.

  • Result Monitoring of sludge and solid waste containing hazardous components of category 1 (if any): No

4.5. On prevention and response to environmental incidents :

  • Up to now, IDI Company has not had any environmental incidents.

4.6. Results of overcoming the requests of inspection and examination agencies and competent state agencies (if any)

  • No
          1. IV. BOARD OF DIRECTORS' ASSESSMENT OF THE COMPANY'S PERFORMANCE. 1. Evaluation of the Company's operations
  • Farming situation: Close supervision of farming has been carried out well. deliver receive awake eat give catfish right and enough block quantity soft bridge history use, according to follow development status of raw fish. Ensure supply reaches over 80% Company's production needs.
  • Raw material purchasing situation: Always update the daily fluctuating raw fish prices to be able to close the most reasonable linked price. Flexibly balance the purchase of low-priced raw materials on the market to meet enough export orders and make use of them as strategic products.
  • Market development situation: Always meeting customer needs to maintain old customers, potential customers, and at the same time looking for new markets, so the Company's products will still go to 48 countries around the world in 2024.
  • Regarding environmental impact: The Company has environmental protection solutions in many different forms such as always ensuring wastewater treatment according to regulations, regularly cleaning and sanitizing the environment inside and outside the factory, hiring a waste collection and treatment company to regularly treat waste, actively planting more trees along the roads, around factories, offices and campuses... In addition, the Company has installed 1.06MW of rooftop solar power, mounted on the roofs of factories, warehouses, and office buildings, helping to replace part of the national grid electricity.
  • Regarding responsibility to the community and society: The Company's goal and direction of operation is sustainable development, while demonstrating responsibility to the community and society. The Company always cares about ensuring that the lives of its employees are always improved both materially and spiritually, building a dynamic and youthful working environment with many development opportunities. The Company has also had many meaningful volunteer activities and especially the spirit of "mutual love, the whole leaf covers the torn leaf" is carried out within IDI, special and difficult circumstances in the Company are supported and helped by all employees.

2. Evaluation of the Board of Directors' performance:

Under the leadership of the General Director, the Board of Directors of the Company has demonstrated a spirit of solidarity, creativity, dedication, promptness and timeliness to stabilize and maintain the Company's production activities. In 2024, the Board of Directors has demonstrated compliance with regulations on governance and operation, closely following the goals and orientations and fully implementing the tasks assigned by the General Meeting of Shareholders and the Board of Directors, specifically:

  • Regarding the implementation of the business plan: 75% of the export revenue plan for 2024 has been achieved. In the context of the world economy and the Vietnamese economy still facing many difficulties and challenges, this is a remarkable result, because it demonstrates the spirit of solidarity and tireless efforts of the nearly 3,000 employees of IDI Company along with the correct and appropriate management decisions of the Board of Directors so that the Company can always stabilize production and operate effectively!
  • Regarding human resources: Always ensure appropriate human resources to meet business needs before, during and after social distancing. Always unite the team, while creating a good and effective management environment, helping employees to promote initiatives and creativity in their work.
  • Regarding financial resources: The Board of Directors has well balanced the capital borrowed from credit institutions to meet production needs and maintain timely repayment of loans, so the Company always achieves high creditworthiness on the watchlist of credit institutions.

V. CORPORATE GOVERNANCE

1. Board of Directors

1.1. Members of the Board of Directors

Mr. Le Thanh Thuan - Chairman of the Board of Directors

  • Other positions at other companies: Deputy Chairman of the Board of Directors of Trisedco Tourism Investment and Aquaculture Development Company.
  • Gender: Male

Year of birth: 1958

  • Number of shares owned: 0 shares, accounting for 0% of charter capital.



Mr. Le Tuan Anh – Vice Chairman of the Board of Directors

  • Other positions at other companies: General Director of Sao Mai Group Joint Stock Company.
  • Gender: Male
  • Year of birth: 1994
  • Number of shares owned: 0 shares, accounting for 0% of charter capital.
  • Number of shares representing Sao Mai Group Corporation: 116,612,431

shares, accounting for 51.23% of charter capital.



Mr. Le Van Canh - Member of the Board of Directors and General Director

  • Other positions at other companies: None
  • Gender: Male
  • Year of birth: 1975
  • Number of shares owned: 13,282 shares, accounting for 0.005% of charter capital.



Mr. Tong Phi Hung – Independent Member of the Board of Directors

  • Positions at other companies: None
  • Gender: Male

Year of birth: 1958

  • Number of shares owned: 0 shares, accounting for 0% of charter capital.



Mr. Le Manh Huan – Independent Member of the Board of Directors

  • Positions at other companies: Director of Tien Viet Construction Investment Company
  • Gender: Male
  • Year of birth: 1973
  • Number of shares owned: 0 shares, accounting for 0% of charter capital.

1.2. Activities of the Board of Directors:

  • In 2024, the Board of Directors held a total of 32 Board of Directors meetings.
  • Every week/month/quarter, members of the Board of Directors attend meetings with the Board of Management. The Board of Directors' supervision of the Board of Management is carried out through the General Director's monthly activity reports sent to the members of the Board of Directors;
  • The Board of Directors evaluates the production and business results of the first, second, third and fourth quarters of 2024.
  • The Board of Directors assesses business risks and recommends to the Board of Directors solutions for safe and effective business operations.
  • Strengthen internal inspection and control, and risk management throughout the Company;
  • Direct, supervise and organize the implementation of internal management regulations, rules, legal work and emulation and rewards in the Company;
  • Implement the reporting regime, periodically and irregularly disclose information to the State Securities Commission and the Vietnam Stock Exchange (VNX).

2. Board of Control

2.1. Members:

Mr. Tu Thien Thoai – Head of the Board of Supervisors

  • Positions at other companies: Chief Accountant of Asia Fish Oil Company (AFO).
  • Gender: Male;
  • Year of birth: 1989;
  • Number of shares owned: 0 shares, accounting for 0% of charter capital.



Ms. Nguyen Thi Thanh Loan – Member of the Board of Supervisors

  • Positions at other companies: Deputy Director of Sales, Trisedco Company.
  • Gender: Female;
  • Year of birth: 1987;
  • Number of shares owned: 0 shares, accounting for 0% of charter capital.



Ms. Doan Nguyen Kim Phuong – Member of the Board of Supervisors

  • Other positions at other companies: Business Director of Sao Mai Group Joint Stock Company.
  • Gender: Female;
  • Year of birth: 1984;
  • Number of shares owned: 0 shares, accounting for 0% of charter capital

2.2. Activities of the Board of Supervisors

  • In 2024, the Board of Supervisors held a total of 02 Board of Supervisors meetings and attended 32 Board of Directors meetings in 2024.
  • Always monitor compliance with legal regulations, the Company's Charter, and the implementation of resolutions of the General Meeting of Shareholders and the Board of Directors.
  • Fully perform the function of supervising the Board of Directors and General Director in the operation and management of the Company.
  • Conduct checks on the reasonableness, legality and honesty in business management and operations, in accounting organization and financial reporting according to the functions and tasks prescribed by the Enterprise Law and the Company's Charter.
  • Check and monitor the implementation of production and business plans, and the progress of production and business implementation achieved at the time of inspection.
  • Check investment, bidding and equipment procurement of the Company and its units.
  • Check debt management.
  • Review the financial statements for the first 6 months of 2024 and the financial statements for 2024 of IDI Company

3. Internal Audit Department

3.1. Members:

3.1.1. Ms. Le Thi Phuong - Head of Internal Audit Department.

  • Gender : Female
  • Year of birth : 1980
  • Permanent address : 72 Tran Nhat Duat, My Long Ward, Long Xuyen City, An Giang. Number of shares owned: None.
            1. 3.1.2. Ms. Ngo Thi To Ngan - Member of Internal Audit Committee
  • Gender : Female
  • Year of birth : 1981
  • Permanent address : 80F1 Mai Hac De, Binh Khanh Ward, Long Xuyen City, An Giang. Number of shares owned: None.
            1. 3.1.3. Mr. Le Hoang Cuong - Member of Internal Audit Committee
  • Gender : Male
  • Year of birth : 1985
  • Permanent address : 44 Kenh 8, Thanh Dong A Commune, Tan Hiep District, Kien Giang.

Number of shares owned: None.

3.2. Activities of the Internal Audit Department :

  • Develop and update the company's internal audit regulations and procedures to submit to the Board of Directors for approval.
  • Prepare annual internal audit plan for approval by the Board of Directors.
  • Conduct internal audits and internal audit consulting according to approved plans.
  • Report on internal audit results and recommend corrective measures, overcome errors and propose measures to improve and enhance the effectiveness and efficiency of governance, risk management and internal control processes.
  • Monitor the implementation of audit recommendations.
  • Regularly develop, edit, supplement and perfect internal audit methods and scope of internal audit activities to be able to update and keep up with the development of the enterprise.
  • Consulting businesses in selecting and controlling independent auditing services to ensure savings and efficiency.
  • Maintain regular communication with the company's independent auditor to ensure effective cooperation.

4. Transactions, remuneration and benefits

4.1. Remuneration of the Board of Directors, Board of Supervisors and salary of the Company's Board of General Directors in 2024.


Board of Directors RemunerationPosition960,000,000
Le Thanh ThuanChairperson360,000,000
Le Tuan AnhVice president240,000,000
Tong Phi HungMember120,000,000
Le Van CanhMember120,000,000
Le Manh HuanMember120,000,000
Board of Supervisors RemunerationPosition108,000,000
Tu Thien ThoaiPrefect60,000,000
Nguyen Thi Thanh LoanMember24,000,000
Doan Nguyen Kim PhuongMember24,000,000
Board of Directors salaryPosition2,283,746,729
Le Van CanhGeneral Director748,750,000
Nguyen Thanh HaiDeputy General Director546,575,000
Vo Thi Minh TamDeputy General Director663,900,000
Le The TungDeputy General Director
Nguyen Duc PhuongChief Accountant324,521,729

4.2. Other benefits: Do not have;

4.3. Insider stock transactions in 2024: Do not have:

4.4. Contracts or transactions with insiders: Do not have;

4.5. Assessment of implementation of regulations on Corporate Governance:

  • In 2024, the Company basically implemented well the regulations on corporate governance according to Decree 71/2017/ND-CP approved by the Government of the Socialist Republic of Vietnam on June 6, 2017.
  • The Board of Directors has reviewed and oriented the company's strategy, production and operation plans, risk policies, financial resources and annual business plans; set operational goals, monitored the implementation of goals and the Company's operations.
  • Effectively monitor Corporate Governance practices and make changes as necessary.
  • Provide remuneration for senior management and the Board of Directors in line with the long-term interests of the Company and shareholders.
  • Ensure the seriousness and transparency of the nomination and election process for the Board of Directors.
  • Ensure the integrity of the Company's accounting and financial reporting systems, including independent audit reports, and ensure that appropriate control systems are in place, in particular risk management, financial and operational controls, in compliance with relevant laws and standards.
  • Monitor the information disclosure and communication process. Always provide accurate and timely information to relevant agencies and all shareholders of the Company.

VI. FINANCIAL REPORT 2024.

  1. Audit opinion : Full approval.
  1. Audited Consolidated Financial Statements for 2024.

I.D.I INTERNATIONAL DEVELOPMENT AND INVESTMENT CORPORATION

Audited Consolidated Financial Statements

For the fiscal year 2024, ended as at 31/12/2024 

Audited by

SOUTHERN AUDITING AND ACCOUNTING FINANCIAL CONSULTING SERVICES CO., LTD. (AASCS)




I.D.I INTERNATIONAL DEVELOPMENT AND INVESTMENT CORPORATION 80 street, industrial clusters Vam Cong, Lap Vo district, Dong Thap province.

REPORT OF THE BOARD OF MANAGEMENT

The Board of Management of I.D.I. International Development and Investment Corporation (the "Company") presents their report and the Company's Consolidated Financial Statements for the fiscal year 2024, ended as at 31/12/2024.

Company

1. Form of ownership

I.D.I INTERNATIONAL DEVELOPMENT AND INVESTMENT CORPORATION is a joint stock company established under the Business Registration Certificate dated 15 July 2003 granted by Department of Planning and Investment of Ho Chi Minh City; Amended the second time on 28 October 2004; Amended the third time on 15 February 2007; and the twenty-first time amended business registration certificate numbered 0303141296 dated 15 August 2024 granted by Department of Planning and Investment of Dong Thap province.

Contributed capital as at 31/12/2024:

2,731,726,680,000 VND

The head office is located at: 80 street, industrial clusters Vam Cong, Lap Vo district, Dong Thap province.

2. Business fields

Manufacturing and processing fishery products.

3. Principal activities

Seafood processing (Code 1020). Buy and sell seafood (Code 4632). Hotel business (Code 5510). Buying and selling construction materials (Code 4663). Purchase and sale of interior decoration goods (Code 4649). Aquaculture (Code 0322). Production and processing of aqua feed (Code 1080). Real estate business (excluding real estate service business); home business (Code 6810). Production of bottled water (Code 1104). Manufacture of paper - plastic packaging (Code 1702, 2220). Producing and canning animal and vegetable oils and fats (Code 1040). Mining of stone, sand, gravel and clay (Code 0810). Warehousing and storage of goods (Code 5210). Loading and unloading seaport goods (Code 5224). Transporting goods by road by specialized cars, by inland waterways by motor vehicles (Code 4933, 5022). Trading in aquatic veterinary drugs (Code 4669). Construction of civil, industrial and traffic works (Code 4101, 4102, 4293, 4212). Wholesale of other machinery, equipment and spare parts (Code 4659). Electricity generation (Code 3511)

4. Enterprise structure

Subsidiaries company:

  • TRAVELLING INVESTMENT & SEAFOOD DEVELOPMENT JSC

+ Address: 80 street, industrial clusters Vam Cong, Lap Vo district, Dong Thap province.

+ Owners' capital : 692,283,410,000 VND

+ Ratio of benefit : 79.25%

+ Ratio of voting power : 79.25%

- VINH AN INVESTMENT COMPANY DAK NONG

+ Address: No. 1, Sub-zone 834, Three-storey cluster, Ea Po Ward, Cu Jut District, Dak Nong

+ Owners' capital : 60,000,000,000 VND

+ Ratio of benefit : 97.50%

+ Ratio of voting power : 97.50%

REPORT OF THE BOARD OF MANAGEMENT

OPERATING RESULTS

Operating results of the Company and the financial situation at the date of 31/12/2024 are presented in the accompanying Consolidated Financial Statements

EVENTS SINCE THE BALANCE SHEET DATE

The Board of Management confirmed that there has been no significant financial event occurring after 31/12/2024, which would require adjustments or disclosures to be made in the consolidated financial statements.

THE BOARD OF DIRECTORS, THE BOARD OF MANAGEMENT, THE BOARD OF INTERNAL AUDIT, LEGAL REPRESENTATIVE AND CHIEF ACCOUNTANT


Mr:Le Thanh ThuanChairman
Mr:Le Tuan AnhDeputy Chairman
Mr:Tong Phi HungMember
Mr:Dinh Van ThepMember
Mr:Le Van CanhMember
Mr:Lê Manh HuanMember
The Board of Management
Mr:Le Van CanhExecutive President
Mr:Nguyen Thanh HaiExecutive Vice President
Ms:Vo Thi Minh TamExecutive Vice President
Mr:Le The TungExecutive Vice President
The Board of Internal Audit
Ms:Le Thi PhuongSection head
Ms:Ngo Thi To NganMember
Mr:Le Hoang CuongMember
The Board of Control
Mr:Tu Thien ThoaiSection head
Ms:Nguyen Thi Thanh LoanMember
Ms:Doan Nguyen Kim PhuongMember
Legal representative
Mr:Le Van Canh
Chief Accountant
Mr:Nguyen Duc Phuong

The auditors of Southern Auditing and Accounting Financial Consultancy Services Company Limited (AASCS) take the audit of Consolidated Financial Statements for the Company.

STATEMENT OF THE BOARD OF GENERAL DIRECTORS RESPONSIBILITY IN RESPECT OF THE CONSOLIDATED FINANCIAL STATEMENTS

The Board of Management is responsible for the Consolidated Financial Statements of each financial year which give a true and fair view of the state of affairs of the Company and of its consolidated operation results and consolidated cash flows for the fiscal year 2024, ended as at 31/12/2024. In preparing those Consolidated Financial Statements, management is required to:



AUDITOR

REPORT OF THE BOARD OF MANAGEMENT

  • Set up and maintain the internal controls which the Board of General Director and the Board of Management determines to be necessary to ensure the preparation and presentation of the Consolidated Financial Statements contain no material misstatements due to fraud or by mistake;
  • Select suitable accounting policies and then apply them consistently;
  • Make judgments and estimates that are reasonable and prudent;

Tate whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the Consolidated Financial Statements;

  • Prepare the Consolidated Financial Statements on the basis of compliance with accounting standards and system and other related regulations;
  • Prepare Consolidated Financial Statements on a going concern basis, unless it is inappropriate to presume that the Company will continue in business.

The Board of Management is responsible for ensuring that proper accounting records are kept which disclose, with reasonable accuracy at any time, the financial position of the Company and to ensure that the accounts comply with the registered accounting system. It is also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

We, The Board of Management, confirm that the Consolidated Financial Statements for the fiscal year 2024, ended as at 31/12/2024, its consolidated operation results and consolidated cash flows in the year 2024 of Company accordance with the Vietnamese Accounting System and comply with relevant statutory requirements.

OTHER ENGAGEMENT

The Board of Management engage that the Company has not broken obligation announcing information on the stock exchange following the Circular no. 96/2020/TT-BTC dated 16 November 2020 issued by the Ministry of Finance.

APPROVE THE ISSUANCE OF THE CONSOLIDATED FINANCIAL STATEMENTS

We, the Board of Management of I.D.I International Development and Investment Corporation approve our Consolidated Financial Statements for the fiscal year 2024, ended as at 31/12/2024.

Dong Thap, March 24th, 2025

On behalf of the Board of Management

Executive President






CÔNG TY TNHH DỊCH VỤ TỪ VẤN TÀI CHÍNH KẾ TOÁN VÀ KIỂM TOÁN PHÍA NAM SOUTHERN AUDITING AND ACCOUNTING FINANCIAL CONSULTING SERVICES COMPANY LIMITED (AASCS)

No: 260 /BCKT/TC/2025/AASCS

INDEPENDENT AUDITOR'S REPORT

To: The Shareholders, The Board of Director, The Board of Management

of I.D.I International Development and Investment Corporation

We have audited the Consolidated Financial Statements of I.D.I International Development and Investment Corporation, prepared on March 24, 2025, as set out on pages 05 to 58, which comprise the Consolidated Balance Sheet as at 31/12/2024, the Consolidated Statement of Income, Consolidated Cash Flows and Notes to Consolidated Financial Statements for the fiscal year 2024, ended as at 31/12/2024.

Management's responsibility

Management is responsible for the preparation and fair presentation of these Consolidated Financial Statements in accordance with Vietnamese Accounting Standards, Vietnamese Accounting System for Enterprises and the relevant statutory requirements applicable to financial reporting, and for such internal control as Management determines is necessary to enable the preparation of Consolidated 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 these Consolidated Financial Statements based on our audit. We conducted our audit in accordance with Vietnamese Audit Standards. Those standards require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether the Consolidated Financial Statements are free from material misstatement.

An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the Consolidated Financial Statements. The procedures selected depend on the auditor's judgment, including the assessment of the risks of material misstatement of Consolidated Financial Statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the entity's preparation and fair 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 entity's internal control. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of accounting estimates made by management, as well as evaluating the overall presentation of the Consolidated Financial Statements.

We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion. Audit opinion

In our opinion, the Consolidated Financial Statements give a true and fair view, in all material respects, the financial position of I.DI International Development and Investment Corporation as at 31/12/2024, of its consolidated operation results and consolidated cash flows for the fiscal year 2024, ended as at 31/12/2024, accordance with Vietnamese Accounting Standards, the Vietnamese Accounting System for Enterprise and the relevant statutory requirements applicable to financial reporting.

Ho Chi Minh city, March 24th 2025

Southern Auditing and Accounting

Financial Consulting Services Co., Ltd.

Deputy General Director




Le Van Tuán

Audit Practising Registration Certificate

No.0479-2023-142-1

Auditor



Dang Tung Hung

Audit Practising Registration Certificate

No.3611-2021-142-1

29 Vo Thi Sau Street, District 1, Ho Chi Minh City

Tel: (028) 3820 5944 - (028) 3820 5947 - Fax: (028) 3820 5942

Email: info@aasc.com.vn Website: www.aasc.com.vn

I.D.I INTERNATIONAL DEVELOPMENT AND INVESTMENT CORPORATION Consolidated Financial Statements 80 street, industrial clusters Vam Cong, Lap Vo district, Dong Thap province. Year 2024

CONSOLIDATED BALANCE SHEET As at 31/12/2024

Unit: VND


CodeASSETSNoteClosing balanceOpening balance
100A. SHORT-TERM ASSETS7,223,258,907,7955,537,285,855,129
110I. Cash and cash equivalentsV.011,711,692,314,3471,112,379,542,714
1111. Cash733,035,314,347317,879,542,714
1122. Cash equivalents978,657,000,000794,500,000,000
120II. Short-term financial investmentsV.021,530,589,595,888663,675,624,494
1211. Trading securities
1222. Provision for decrease in value of trading securities ()
1233. Held-to-maturity investments1,530,589,595,888663,675,624,494
130III. Short-term receivables2,717,223,495,5982,151,311,894,744
1311. Short-term trade receivablesV.031,721,418,706,4431,285,570,982,375
1322. Prepayments to suppliers in short-termV.04950,951,375,333820,124,422,378
1333. Short-term intercompany receivables
1344. Construction contract-in-progress receivables
1355. Receivables from short-term loans
1366. Other short-term receivablesV.06101,887,902,212102,461,588,328
1377. Provision for doubtful short-term receivables ()V.07(57,034,488,390)(56,845,098,340)
1398. Shortage of assets awaiting resolution
140IV. InventoriesV.081,224,667,804,2491,571,797,393,210
1411. Inventories1,224,667,804,2491,572,104,514,105
1492. Provision for decline in value of inventories ()(307,120,895)
150V. Other short-term assets39,085,697,71338,121,399,970
1511. Short-term prepaid expensesV.142,783,255,1672,106,032,705
1522. Deductible VAT36,302,442,54636,015,367,265
1533. Taxes and other receivables from the State Budget
1544. Purchase and resale of government bonds
1555. Other current assets




CONSOLIDATED BALANCE SHEET As at 31/12/2024


CodeASSETSNoteClosing balanceOpening balance
200B. LONG - TERM ASSETS2,154,121,101,2962,740,162,407,014
210I. Long-term receivables3,242,979,835461,442,979,835
2111. Long-term trade receivables
2122. Prepayments to suppliers in long-term
2133. Working capital provided to subordinate units
2144. Long-term intercompany receivables
2155. Receivables from long-term loansV.05457,200,000,000
2166. Other long-term receivablesV.063,242,979,8354,242,979,835
2197. Provision for doubtful long-term receivables ()
220II. Fixed assets813,705,885,605909,002,530,259
2211. Tangible fixed assetsV.10592,312,391,546655,079,812,067
222- Costs1,386,645,474,4941,352,257,228,958
223- Accumulated depreciation ()(794,333,082,948)(697,177,416,891)
2242. Finance lease fixed assetV.1178,068,287,302107,653,295,457
225- Costs127,581,557,215159,697,752,367
226- Accumulated depreciation ()(49,513,269,913)(52,044,456,910)
2273. Intangible fixed assetsV.12143,325,206,757146,269,422,735
228- Costs175,432,349,051174,725,981,651
229- Accumulated depreciation ()(32,107,142,294)(28,456,558,916)
230III. Investment real propertyV.13244,095,394,432252,801,450,233
231- Costs323,234,235,576323,234,235,576
232- Accumulated depreciation ()(79,138,841,144)(70,432,785,343)
240IV. Long-term assets in progressV.09585,886,940,807574,952,932,200
2411. Long-term works in progress
2422. Construction in progress585,886,940,807574,952,932,200
250V. Long-term financial investmentsV.02248,827,581,111248,827,581,111
2511. Investments in subsidiaries
2522. Investments in associated companies and joint-ventures
2533. Investments in equity of other entities245,517,581,111245,517,581,111
2544. Provision for decline in the value of long-term investments ()
2555. Held-to-maturity investments3,310,000,0003,310,000,000
260VI. Other long-term assets258,362,319,506293,134,933,376
2611. Long-term prepaid expensesV.148,158,647,3099,570,771,554
2622. Deferred income tax assets
2633. Long term equipment, supplies and spare parts
2684. Other long-term assets
2695. GoodwillV.15250,203,672,197283,564,161,822
270TOTAL ASSETS9,377,380,009,0918,277,448,262,143

CONSOLIDATED BALANCE SHEET As at 31/12/2024

CodeRESOURCESNoteClosing balanceOpening balance
300C. LIABILITIES5,885,146,928,1164,855,891,649,068
310I. Current liabilities4,734,278,435,5904,530,157,213,272
3111. Short-term trade payablesV.17206,744,965,778216,486,725,129
3122. Short-term advances from customersV.18135,853,818,947108,568,775,730
3133. Taxes and other payables to StateV.1935,708,638,38035,947,977,860
3144. Payables to employees19,310,776,63522,628,950,610
3155. Short-term accrued expensesV.2019,400,802,7621,340,020,397
3166. Short-term intercompany payables
3177. Construction contract-in-progress payables
3188. Short-term unearned revenue
3199. Other short-term payablesV.2129,232,760,13835,199,713,551
32010. Short-term borrowings and finance lease liabilitiesV.164,268,828,358,6994,090,462,799,775
32111. Provision for short-term payablesV.222,022,226,343
32212. Bonus and welfare fund19,198,314,25117,500,023,877
32313. Price stabilization fund
32414. Purchase and resale of government bonds
330II. Long-term liabilities1,150,868,492,526325,734,435,796
3311. Long-term trade payables
3322. Prepayments from customers
3333. Long-term accrued expenses
3344. Intercompany payables on working capital
3355. Long-term intercompany payables
3366. Long-term unearned revenue
3377. Other long-term payables
3388. Long-term borrowings and finance lease liabilitiesV.161,150,868,492,526325,734,435, ^1
3399. Convertible bonds
34010. Preference shares
34111. Deferred income tax payables
34212. Provision for long term payables
34313. Scientific and technological development fund



CONSOLIDATED BALANCE SHEET As at 31/12/2024

CodeRESOURCESNoteClosing balanceOpening balance
400D. OWNER'S EQUITY3,492,233,080,9753,421,556,613,075
410I. Owner's equityV.233,481,969,695,8753,411,293,227,975
4111. Owners' capital2,731,726,680,0002,276,446,080,000
411a- Ordinary shares with voting rights2,731,726,680,0002,276,446,080,000
411b- Preference shares
4122. Capital surplus17,060,700,00017,060,700,000
4133. Conversion options on convertible bonds
4144. Owners' other capital246,687,400,000196,813,460,000
4155. Treasury shares ()
4166. Differences upon asset revaluation
4177. Foreign exchange differences
4188. Investment and development fund76,041,216,79667,644,983,670
4199. Enterprise reorganization assistance fund11,111,130,15710,714,897,031
42010. Other funds11,111,130,15710,714,897,031
42111. Undistributed earnings201,971,424,074657,853,134,910
421a- Undistributed earnings accumulated to the end of prior year141,509,895,532600,087,187,791
421b- Undistributed earnings in this year60,461,528,54257,765,947,030
42212. Investment reserve for basic construction
42913. Non - controlling interest186,260,014,691174,045,075,333
430II. Funding sources and other fundsV.2510,263,385,10010,263,385,100
4311. Funding sources10,263,385,10010,263,385,100
4322. Funding source for forming fixed assets
440TOTAL RESOURCES9,377,380,009,0918,277,448,262,143




Prepared by

Chief Accountant




VU THI LE


NGUYEN DUC PHUONG

Dong Thap, March 24th, 2025

On behalf of the Board of Management


Executive President



LE VAN CANH

CONSOLIDATED STATEMENT OF INCOME

Year 2024

CodeItemNoteCurrent yearPrevious year
011. Revenues from sales and service provisionsVI.017,142,101,147,5147,224,145,254,447
022. Revenue deductionsVI.025,327,753,8842,905,765,506
103. Net revenues from sales and service provisions7,136,773,393,6307,221,239,488,941
114. Costs of goods soldVI.036,577,973,020,8676,696,637,582,772
205. Gross revenues from sales and service provisions558,800,372,763524,601,906,169
216. Financial incomeVI.04179,226,869,860217,555,237,409
227. Financial expenseVI.05360,382,540,923411,680,687,185
23In which: Interest expenses309,079,691,970362,135,007,028
248. Share of profit of associates, joint-ventures
258. Selling expensesVI.06.01188,796,031,578131,904,565,161
269. Enterprise administrative expenseVI.06.0282,361,733,19189,803,602,061
3010. Net profit from operations106,486,936,931108,768,289,171
3111. Other incomeVI.0711,500,927,44213,097,504,488
3212. Other expensesVI.089,820,852,62714,695,356,964
4013. Other profit1,680,074,815(1,597,852,476)
5014. Total pre-tax profit108,167,011,746107,170,436,695
5115. Current enterprise income tax expenseVI.1035,490,543,84633,816,261,430
5216. Deferred enterprise income tax expense
6017. Profits after enterprise income tax72,676,467,90073,354,175,265
6118. Profits after enterprise income tax of parent company60,461,528,54257,765,947,119
6219. Non-controlling interest12,214,939,35815,588,228,146
7020. Earnings per shareVI.11248245
7121. Diluted earnings per shareVI.12248245

Dong Thap, March 24th, 2025

Prepared by



On behalf of the Board of Management



NGUYEN DUC PHUONG



CONSOLIDATED STATEMENT OF CASH FLOWS (Under indirect method) Year 2024


Unit: VND


CodeItemNoteCurrent yearPrevious year
I. Cash flows from operating activities
011. Profit before tax108,167,011,746107,170,436,695
2. Adjustments for
02- Depreciation of fixed assets and Investment properties140,987,062,410148,747,397,049
03- Provisions(117,730,845)(72,521,600)
04- Gains (losses) on exchange rate differences from revaluation of accounts derived from foreign currencies3,066,651,369(17,539,509,907)
05- Gains (losses) on investing activities(139,770,090,096)(175,582,438,415)
06- Interest expenses309,079,691,970362,135,007,028
07- Other adjustments
083. Operating profit before changes in working capital421,412,596,554424,858,370,856
09- Increase (decrease) in receivables(534,027,128,105)423,880,412,635
10- Increase (decrease) in inventories347,436,709,856(86,576,880,033)
11- Increase (decrease) in payables (exclusive of interest payables, enterprise income tax payables)5,966,117,899(185,471,357,388)
12- Increase (decrease) in prepaid expenses734,901,783(6,504,511,653)
13- Increase (decrease) in trading securities
14- Interest paid(301,912,180,918)(350,902,970,142)
15- Enterprise income tax paid(20,898,304,601)(46,391,978,387)
16- Other receipts from operating activities56,160,000
17- Other payments on operating activities(357,869,626)(8,500,000)
20Net cash flows from operating activities(81,588,997,158)172,882,585,882
II. Cash flows from investing activities
21- Purchase or construction of fixed assets and Other long-term assets(35,749,274,250)(9,089,373,624)
22- Proceeds from disposals of fixed assets and Other long-term assets27,350,9084,817,523,653
23- Loans and Purchase of debt instruments from Other entities(2,244,070,000,000)(2,339,620,000,000)
24- Collection of Loans and repurchase of debt instruments of Other entities1,834,872,880,9672,344,205,585,973
25- Equity investments in Other entities(245,517,581,111)
26- Proceeds from Equity Investment in Other entities39,308,973,891
27- Interest and dividend received132,280,730,082164,587,831,197
30Net cash flows from investing activities(312,638,312,293)(41,307,040,021)

CONSOLIDATED STATEMENT OF CASH FLOWS (Under indirect method)

Unit: VND


CodeItemsNoteCurrent yearPrevious year
31III. Cash flows from financial activities- Proceeds from issuance of shares and receipt of contributed capital- Repayments of contributed capital and repurchase of stock issued
3233 - Proceeds from borrowings34 - Repayment of principal35 - Repayment of Financial principal36 - Dividends or profits paid to owners7,909,226,541,223(6,884,837,267,976)(30,002,875,444)(423,874,840)9,019,461,007,283(8,631,172,966,447)(39,878,013,079)(8,198,313,674)
4040 Net cash flows from financial activities993,962,522,963340,211,714,083
5050 Net cash flows during the year599,735,213,512471,787,259,944
6060 Cash and cash equivalents at the beginning of the year1,112,379,542,714640,790,543,399
6161 Effect of exchange rate fluctuations(422,441,879)(198,260,629)
7070 Cash and cash equivalents at the end of the year1,711,692,314,3471,112,379,542,714

Prepared by



Chief Accountant

Dong Thap, March 24th, 2025

VU THI LE





NGUYEN DUC PHUONG

On behalf of the Board of Management


30 Executive President



O. LEUAN CANH



NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Year 2024

I. THE COMPANY'S INFORMATION

Unit: VND

1. Form of ownership

I.D.I INTERNATIONAL DEVELOPMENT AND INVESTMENT CORPORATION is a joint stock company established under the Business Registration Certificate dated 15 July 2003 granted by Department of Planning and Investment of Ho Chi Minh City; Amended the second time on 28 October 2004; Amended the third time on 15 February 2007; and the twenty-first time amended business registration certificate numbered 0303141296 dated 15 August 2024 granted by Department of Planning and Investment of Dong Thap province.

Contributed capital as at 31/12/2024:

2,731,726,680,000 VND

The head office is located at: 80 street, industrial clusters Vam Cong, Lap Vo district, Dong Thap province.

2. Business fields

Manufacturing and processing fishery products.

  1. Total number of employees as of December 31, 2024 is: 2,122 people (number of employees as of January 1, 2024 is: 1,902 people)

4. Principal activities

Seafood processing (Code 1020). Buy and sell seafood (Code 4632). Hotel business (Code 5510). Buying and selling construction materials (Code 4663). Purchase and sale of interior decoration goods (Code 4649). Aquaculture (Code 0322). Production and processing of aqua feed (Code 1080). Real estate business (excluding real estate service business); home business (Code 6810). Production of bottled water (Code 1104). Manufacture of paper - plastic packaging (Code 1702, 2220). Producing and canning animal and vegetable oils and fats (Code 1040). Mining of stone, sand, gravel and clay (Code 0810). Warehousing and storage of goods (Code 5210). Loading and unloading seaport (Code 4129). Transporting goods by road by specialized cars, by inland waterways by motor vehicles (Code 4933, 5022). Trading in aquatic veterinary drugs (Code 4669). Construction of civil, industrial and traffic works (Code 4910, 4102, 4293, 4212). Wholesale of other machinery, equipment and spare parts (Code 4659). Electricity generation (Code 3511). PHAT TRIE

  1. Ordinary course of business: 12 months

6. Enterprise structure

Subsidiaries:

Total number of subsidiaries : 02

+ List of subsidiaries incorporated : 02

+ List of subsidiaries is not consolidated : 0

  • List of subsidiaries of the Company


NameAdressRatio of benefitRatio of voting power
Closing balanceOpening balanceClosing balanceOpening balance
+ Travelling Investment & Seafood Development JSC80 street, industrial clusters Vam Cong, Lap Vo district, Dong Thap province79.25%79.25%79.25%79.25%
+ Vinh An Investment Company Dak NongNo. 1, sub-zone 834, Three-storey cluster, Ea Po Ward, Cu Jut District, Dak Nong97.50%97.50%97.50%97.50%

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

Year 2024

Unit: VND

II. ACCOUNTING PERIOD AND ACCOUNTING CURRENCY

Accounting period and accounting currency

Annual accounting period of Company is from 01 January to 31 December.

The consolidated financial statements are prepared and presented in Vietnam Dong (VND).

III. ACCOUNTING STANDARDS AND ACCOUNTING SYSTEM

1. Accounting system

The Company applies Enterprise Accounting System issued under Circular no.200/2014/TT-BTC dated 22 December 2014 and Circular no.202/2014/TT-BTC dated 22 December 2014 by Ministry of Finance as well as the circulars of the Ministry of Finance giving guidance on the implementation of the accounting standards and system.

2. Declaration of adherence to Accounting Standards and Accounting system

The Company has applied the Vietnamese Accounting Standards and the guiding documents issued by the State. The interim consolidated financial statements are prepared and presented in compliance with applicable standard, circular guiding the implementation of the standard and the corporate accounting systems.



IV. ACCOUNTING POLICIES

1. Exchange rates which are applied in accounting

a. Real exchange rates for foreign currency transactions in period

+ Real exchange rate when buying or selling foreign currency (spot contracts of foreign exchange sale, forward contracts, futures contracts, options contracts, swap contracts): is exchange rates concluded in contracts of foreign exchange sale between enterprises and commercial banks;

If the contract does not specify the exchange rate of payment, enterprises shall record in accounting books in accordance with the following principles:

+ Real exchange rate upon capital contribution or receipt of contributed capital: is exchange rate of purchase of foreign currency of the bank where enterprises open the account to receive capital from investors at the date of the contribution of capital;

+ Real exchange rate upon recording liabilities: Is exchange rates of purchase of commercial banks where enterprises expect to conduct transactions at the time of incurred transactions;

+ Real exchange rate upon recording liabilities: Is exchange rates of purchase of commercial banks where enterprises expect to conduct transactions at the time of incurred transactions;

+ For purchases of assets or expenses paid immediately in foreign currency (not through the accounts payable), the real exchange rate is the rate of purchase of commercial banks where enterprises make payments.

settlement of debts payable in foreign currencies, determined according to the exchange rate at the time of incurred transactions;

+ All sums of exchange differences are recorded immediately in financial income (if gain) or financial expense (if loss) at the time of incurring.

+ The weighted average exchange rate is exchange rate used in credit side upon payment in foreign currency;

b. Real exchange rate upon re-determining accounts derived from foreign currencies at the date of the consolidated financial statements.

  • Real exchange rate upon re-determining accounts derived from foreign currencies classifies as asset: is exchange rates of purchase of commercial banks where enterprises regularly conduct transaction at the time of the consolidated financial statements.
  • Real exchange rate upon revaluation of accounts derived from foreign currencies classified as liabilities: is exchange rates of selling foreign currency of commercial banks at the time of the consolidated financial statements.

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

Year 2024

Unit: VND

  • Differences due to the re-evaluation of the balances of monetary items denominated in foreign currencies at the year-end are recorded at the actual transaction exchange rates of the commercial banks where they regularly make transactions at the time of making Consolidated financial statements and the difference remaining after offsetting the difference increase and decrease difference shall be accounted into financial income or financial expenses in the period. Enterprises may not divide their profits or pay dividends on the exchange rate difference due to the revaluation of the foreign currency balances at the end of the accounting period of the monetary items denominated in foreign currencies.

2. Cash and cash equivalents

a. Cash

Cash includes: cash on hand, cash in bank under current account and cash in transit.

b. Cash equivalents

Cash equivalents are short term investments for a period not exceeding 3 months that are readily convertible to known amounts of cash and which are subject to an insignificant risk of changes in value from the date of purchase to the date of consolidated financial statements.

c. Other currencies convert

Upon the occurrence of transactions in foreign currency, the Debit side of the accounts shall be subject to the actual exchange rate and the Debit side of the accounts at the weighted average exchange rate. Actual exchange rate difference arising during the period is recognized as revenue or finance expense in the fiscal year.

time of preparing the Consolidated Financial Statements are accounted for at the foreign currency buying exchange rate of the commercial bank where the enterprise regularly makes transactions, pandemic, Transactions (chosen by the enterprise) at the time of preparing the consolidated financial statements and allowed to offset the difference in increase or decrease, the remainder will be transferred to revenue or financial expenses in the fiscal year, and no dividends will be paid on the exchange rate difference due to reassessment of the balance at the end of this period.




3. Financial investment

Financial investment is the outside investments with purpose to use capital reasonably and improve efficiency of business operations such as investments in subsidiaries, joint ventures, cooperation, investment in securities and other financial investments ...

For the preparation of consolidated financial statements, the financial investment must be classified as bellows:




  • Having maturity less than 12 months or 01 normal production period are recorded as short - term.
  • Having maturity over than 12 months or 01 normal production period are recorded as long-term.

a) Trading securities

Trading securities are the investment in securities and other financial instruments for trading purposes (hold for increasing price to sell for profit.) Trading securities include:

  • Stocks and listed bonds:
  • The securities and other financial instruments such as commercial bill, forward contracts, swap contracts...

Trading securities are recorded at original cost at the time when investors hold ownership.

The dividends paid in the period before investment date shall be recorded as a decrease in value of investment. When the investor receives additional shares without payment to issuer from capital surplus shares, capital expenditure funds or dividends in shares, the investor only monitors the quantity of additional shares.

In case shares are exchanged, its value must be determined according to fair value at the exchanging date.

When liquidating or selling business securities, cost price is determined by the weighted average mobile method for each type of securities

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Year 2024

Unit: VND

Provisions for decline in value of trading securities: the value of loss may occur if there are reliable evidences showing the market value of the Company's trading securities are lower than book value. The provision shall be additionally created or reverted at the reporting date and shall be recorded in financial expense.

b) Held to maturity investments

These investments do not reflect bonds and debt instruments which are held for trading purpose. Held to maturity investments include term deposits (maturity over than 3 months), treasury bills, promissory notes, bonds, preference shares which the issuer is required to re-buy them in a certain time and held to maturity loans to earn profits periodically and other held to maturity investments.

Provision for decline in value of held to maturity investment: If the provision of held to maturity investment are not created under statutory regulations, the Company has to assess the recovery. In the case, there are reliable evidences showing a part or all of the investments may not be recoverable, the losses have recorded in financial expenses in the period. The provision shall be additionally created or reverted at the reporting time. In case, the loss can not be determined reliably, investments are not decreased and the recovery of the investments are recorded in the Notes to the Consolidated Financial Statements.

4. Trade and other receivables

sales

Real exchange rate upon recording receivables: Is exchange rates of purchase of commercial banks where enterprises expect to conduct transactions at the time of incurred transactions;

At the time of the consolidated financial statements, receivables from foreign currencies are revalued at the actual exchange rate of the foreign currency purchase rate of the commercial bank where the customer is designated. In cases, enterprises have many receivables and transactions at many banks, they may take the initiative in selecting the buying exchange rates of one of the commercial banks where they have regular transactions, the exchange rate differences shall be accounted clearing is then accounted for in sales or financial expenses. The item of advance payment to customers does not reevaluate the balance.

  • Provisions for bad debts: Receivable debts are considered to set up risk reserves according to the overdue debt age or expected loss in case of undue debts. But the economic organization falls into the state of bankruptcy or is in the process of dissolution, disappearance, escape.

5. Inventories

Inventories are stated at original cost. Where the net realizable value is lower than cost, inventories should be measured at the net realizable value. The cost of inventories should comprise all costs of purchase, costs of conversion and other costs incurred in bringing the inventories to their present location and condition.

Inventories are accounted in accordance with method: Perpetual Inventory

  • Provisions for decline in value of inventories: In the end of accounting year, if inventories do recover enough at its historical value not because of damage, obsolescence, reduction of selling price. In this case, the provision for inventories is recognized. The provision for decline in inventories is the difference between the historical value of inventories and its net realizable value.

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Year 2024

Unit: VND

6. Tangible and intangible fixed assets, finance lease fixed assets and investment properties

Fixed assets are stated at the historical cost. During the using time, fixed assets are recorded at cost, accumulated depreciation and net book value.

Historical cost of finance lease fixed assets are recognized at the fair value of the leased property or the present value of the minimum lease payment (in case the fair value is higher than the present value of the minimum lease payment) plus the initial costs directly related to the initial operation of financial leasing.


Depreciation is provided on a straight-line basis. The useful life are estimated as follows:
Buildings, plants05 - 50 năm
Machinery, equipment03 - 20 năm
Transportation equipment, transmitters06 - 30 năm
Office equipment and furniture03 - 10 năm
Land use rights indefinitelyKhông tính khẩu hao

Finance lease assets are depreciated like the Company's fixed assets. For financial leased assets that are not certain to be repurchased, depreciation will be calculated over the lease term when the lease term is shorter than its useful life.



Investment Property is recorded at Historical cost. Investment Property is depreciated like other fixed assets of the Company, except in the case of Investment Property waiting for price increase, no depreciation is deducted but the loss value due to decrease in value is determined.

7. Business cooperation contract

BCC means a cooperation contract between two or more ventures in order to carry out specific business activities, but it does not require establishment of a new legal entity. In any cases, when receiving money or assets from other entities in the BCC, they should be recorded to liabilities, not be recorded to owner's equity. BCC in the forms as follows: - BCC in the form of jointly controlled assets;


  • BCC in the form of jointly controlled operations;
  • BCC in the form of shares of post-tax profits.



8. Deferred corporate income tax expenses

Deferred income tax assets and deferred income tax liabilities are determined at the estimated rate to be applied in the year when the assets are recovered or the liabilities are settled based on the effective tax rates as of the balance sheet date.

9. Prepaid expenses

The calculation and allocation to expense to each accounting period based on the nature, level of each prepaid expense to determine the allocation method properly and consistently.

Prepaid expense is recorded separately: incurred, allocated amount to its cost center and carried amount.

Phân loại các chi phí trả trước khi lập Audited Consolidated Financial Statements theo nguyên tắc như sau:

  • Prepaid expense related to purchase or service less than 12 months or 01 normal production period, from incurred date, are recorded as short - term.
  • Prepaid expense related to purchase or service over than 12 months or 01 normal production period, from incurred date, are recorded as long-term.

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Year 2024

Unit: VND

10. Trade and other payables

Include amounts payable to sellers, prepaid buyers, intercompany payables, other payables, loans at the time of reporting if:

  • Having maturity less than 12 months or 01 normal production period are recorded as short - term.
  • Having maturity over than 12 months or 01 normal production period are recorded as long-term.

For transactions in foreign currency arising in the period, the exchange rate is recorded as the selling rate of the commercial bank where the Company intends to trade at the time when the transaction arises.

At the time of the consolidated financial statements, the payables in foreign currencies are revalued at the real exchange rate of the commercial banks where the enterprises regularly traded. At the time of the consolidated financial statements, the difference is accounted clearing and then accounted into revenue or financial expenses. The advance from customers do not re-evaluate.

11. Loans and finance lease liabilities

Loans in the form of issuance of bond or preference share with preferential terms required the issuer to repurchase at a certain time in the future shall not be reflected on this item.

Loans, debts should be monitored in detail for each entity, each contract and each type of loan assets. The financial lease liabilities are stated at present value of minimum lease payment or the fair value of the lease assets.




When preparing consolidated financial statements, the balance of loans and financial liabilities in foreign currencies must be evaluated according to the actual exchange rates at the time of making the consolidated financial statements.

12. Borrowings and capitalization of borrowing costs

Borrowing costs are recognized into financial expenses, except in case where the borrowings cost directly attribute the acquisition or work in progress is calculated to value of assets (capitalized), when all the conditions are in accordance with VAS no. 16 "Borrowing costs".

Unrealized revenues include: rental prepayment of customer, interest prepayment of borrower or debt instrument, the difference price on installment payment; corresponding to turnover of goods, services or discounts to customers in traditional client program.

13. Accrued expenses

Payables for purchase, using service from suppliers or providing already by supplier but not yet paid due to lack of supporting documents and payables to employee are allowed to record to expense to match the matching concept between revenue and expense. The accrual must be calculated carefully and must have proper evidence. When these expenses arise, if there is any difference with the amount charged, accountants additionally record or make decrease to cost equivalent to the difference.



14. Unearned revenues

The balance of the unearned revenue in foreign currency at the end of the fiscal year: if there is not reliable evidence lead to refund this amount, foreign exchange rate difference are not evaluated at the reporting date.

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Year 2024

Unit: VND

15. Capital

  • Contributed capital, capital surplus, conversion options on convertible bonds, other capital

Capital contribution is stated at actually contributed capital of owners and recorded by each individual, organization.

When capital of the investment license is determined in foreign currency, the determination of the investors shall be based on the actual amount of foreign currencies which they contribute.

Contributed capital in assets must be recorded in revaluation of assets which share holders approved. Intangible assets such as brand, trademark, trade name, right of exploitation, development projects ... shall only be recorded as capital if relevant law allows.

For joint-stock company, contributed capital of the shareholders is recorded according to actual price of stock issuance, but it is reflected in two separate items:

  • Contributions from owners are recorded at par value of the shares;
  • Capital surplus is recognized by the greater than or less than difference between the actual price of issue of shares and par value.

In addition, the capital surplus was also recorded at the difference higher or lower between the actual price of stock issuance and the par value of shares as treasury shares.

Other capital reflects business capital formed by supplementing business results or by being donated, donated, sponsored, or reassessed assets (according to current regulations).

  • Undistributed post-tax profits

Undistributed earnings is the profit of business operations after deduction (-) regulated items due to applying a change in accounting retrospectively or to make a retrospective restatement to correct materiality in previous year.

Profit distribution must be complied with the current financial policies.

Parent Company distribute profit to owners which shall not exceed the undistributed post-tax profits on the consolidated financial statements, including the impact of any gain recognized from the transaction by cheap purchase. In case undistributed post-tax profits in the consolidated financial statements is higher than its consolidated financial statements of the parent company, the parent company makes distribution after transferring profits from subsidiary companies to the parent companies.




Profit distribution should take account of non-monetary items in undistributed post-tax profits that may affect cash flows and the dividend payment ability of the Company.

16. Revenues

  • Revenue from sale of goods

Revenue from sale of goods should be recognised when all the following conditions have been satisfied:

  • The significant risks and rewards of ownership of the goods have been transferred to the buyer;
  • The amount of revenue can be measured:
  • The Company retains neither continuing managerial involvement as a neither owner nor effective control over the goods sold;



  • The economic benefits associated with the transaction of goods sold have flown or will flow to the Company;
  • The costs incurred or to be incurred in respect of the transaction of goods sold can be measured reliably.

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

Unit: VND

- Revenue from rendering of services

Revenue from rendering of services should be recognised when all the following conditions have been satisfied:

  • The amount of revenue can be measured reliably;
  • It is probable that the economic benefits associated with the transaction will flow to the Company;
  • It is probable that the economic benefits associated with the transaction will flow to the Company;
  • The costs incurred for the transaction and the costs to complete the transaction can be measured reliably.

The completed service delivery work piece is determined by the completed job assessment method.

- Financial income

Financial income includes interest, gain on exchange rate difference, dividends... and other income of financial activities.

For interest earned from loans, deferred payment, installment payment: income is recognized when earned and original loans, principal receivables are not classified as overdue that need provision. Dividend is recognized when the right to receive dividend is established.

  • Turnovers of construction contract


Revenue from construction contracts are recognized in one of the two following cases:



  • The construction contract defines that the contractor shall be entitled to payment basing on the progress: when the result of construction contract are estimated reliably, turnover from the construction contract is recorded proportionally to part of finished volume which was determined by contractors at the reporting time;
  • The construction contract defines that the contractor shall be entitled to payment basing on finished volume: when the result of construction contract are estimated reliably, turnover from the construction contract is recorded proportionally to part of finished volume which was approved by customer.


When the result of the construction contract can not be estimated reliably, turnover from the construction contract recognized corresponding to the incurred costs that the reimbursement is relatively certain.

  • Other income

Other income includes income from other activities: disposal of asset; penalty receipt, compensation, collection of debt which was write off, unknown payables, gift in cash or non cash form...

17. Revenue deductions

The decrease adjustment of revenue shall be as follows:

  • The decrease adjustment of revenue in the incurring period if revenue deductions incurred in the same period of consumption of products, goods and services;
  • The decrease adjustment of revenue as follows if revenue deductions incurred in the next period of consumption of products, goods and services:

+ Record a decrease in revenue on the current consolidated financial statements if the revenue deductions incur before reporting date;

+ Record a decrease in revenue on the next consolidated financial statements if the revenue deductions incur after reporting date.

Trade discount is the discount for customers whom bought large quantity of goods.

Sales rebate is the deduction to the buyer because products, goods are bad, degraded or improper as prescribed in contract.

Sales return are reflected the value of the products, goods which customer returns due to causes such as violations of economic contracts, bad, degraded, wrong category or improper goods.

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Year 2024

Unit: VND

18. Costs of goods sold

Cost of good sold includes cost of finished goods, trade goods, services, property, construction unit sold in the production period and expense related to real estate activities...

Damaged or lost value is allowed to record to cost of goods sold after deduction of compensation (if any).

For the used material over the normal production capacity, labor and general production cost is not allowed to record to production cost but allowed to record to cost of good sold after deduction of compensation (if any), even these finished goods are not sold.

19. Financial expenses

Items recorded into financial expenses consist of: expense or loss related to financial investment; lending and borrowing expense; expense related to investment to joint venture, associates; loss from share transfer; provision of share decrease or investment; loss on trading foreign currency,...

20. Selling and general administration expenses

Selling expense is recorded in the period of selling finished goods, trade goods and providing service.

Administrative expense reflects the general expense of the company, including: labor cost; social and health insurance, unemployment fund, union cost of management employee; office material expense, tools, depreciation of assets using for management; land rental, business licence tax; bad debt provision; outsourcing expense and other cash expenses.




21. Current income tax expense

Current income tax is a tax based on taxable income. Taxable income is different from accounting profit due to the adjustment of temporary differences between tax and accounting, non-deductible expenses as well as adjustments of non-taxable income, losses are transferred.

Non-deductible interest expense

The interest expense that is not deductible under Decree 132/2020/ND-CP is carried over to the next tax period when determining the total deductible interest expense in case that the total incurred interest expense is deductible for the next tax period is lower than the rate specified in this Decree. The Company has not recognized a deferred tax asset for this non-deductible interest expense portion due to the inability to predict future profit and to defer it for tax purposes in subsequent tax periods at this time.

The carrying amount of assets tax deferred income is reviewed at the end of the financial year and will be reduced to ensure that it is probable that taxable profit will allow the benefit of part or entire deferred tax asset to be used. The tax assets Deferred income not previously recognized are reviewed at the end of the financial year and is recognized when it is probable that taxable profits will be used for property tax unrecognized deferred this.

Deferred tax assets and deferred income tax payable is calculated at the tax rates expected to apply in the assets are recovered or liabilities are paid based on the rate in effect at the end of the fiscal year. Deferred tax is recognized in the statement of business activities unless related to items charged or credited directly to equity if the corporate income tax will be recognized directly in equity.



Deferred income tax is the corporate income tax will be paid or will be reimbursed by the temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the value for tax purposes. Deferred income tax assets are recognized for all temporary differences taxable. Deferred tax assets are recognized only if certain future taxable profits will be available to use those temporary differences are deductible.

22. Deferred income tax expense

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Year 2024

Unit: VND

23. Relevant parties

The party is considered as related party if one party has capacity to control or has significant impact to other party in the decision of financial and operation activities. All parties are recognized as related parties if having the same control or significant impact.

In the review of related parties, nature of the relationship is considered more than legal form.

24. Segment reporting

A business segment is a distinguishable component of the company that is engaged in manufacturing or providing products or services and that is subject to risks and returns that are different from those of other business segments.

A geographical segment is a distinguishable component of the company that is engaged in manufacturing or providing products or services within a particular economic environment and that is subject to risks and returns that are different from those of components operating in other economic environments.

25. Financial instruments

According to Circular No. 75/2015 / TT-BTC dated May 18, 2015 of the Ministry of Finance, before the Accounting TUV Standards on financial instruments and guiding documents were issued, the Board of Management decided THE KÉ TÍ Company does not disclose and disclose financial instruments according to Circular No. 210/2009 / TT-BTC in the Company's financial statements.

26. Principles and methods of preparation of the consolidated financial statements

a. Accounting method for business combination transactions through many stages and recording profits and losses when there is a change in ownership ratio

The business results of a subsidiary must be included in the consolidated financial statements from the date the parent company takes control of the subsidiary and ends on the date the parent company actually terminates control of the subsidiary. Investments in enterprises must be accounted for according to Accounting Standards "Financial Instruments" from the time that enterprise is no longer a subsidiary nor becomes a joint venture or associate company.

'Initial investment and additional investment in subsidiaries:

The parent company's and non-controlling interest's share of the subsidiary's identifiable net assets at the date of acquisition must be presented at fair value.

If controlling the subsidiary, the parent company continues to invest in the subsidiary to increase Ratio of benefit, the difference between the cost of the additional investment and the book value of the assets. The net proceeds of the additional subsidiary must be recorded directly in undistributed after-tax profits and are considered equity transactions.

Divestment from subsidiaries:

The difference between the proceeds from the divestment of a subsidiary and the net assets of the subsidiary which is divisional plus the undistributed goodwill is recognized immediately in the period of arising, follow rules:

  • If the divestment transaction does not cause the parent company to lose control over the subsidiary: all the above differences are recorded in the "Retained earnings after tax" indicator in the consolidated balance sheet;
  • If the divestment leads to the parent company losing control of the subsidiary: all the above differences are recognized in the consolidated income statement. Investments in subsidiaries will be accounted for as ordinary financial investment under equity method since the day which the parent company no longer controls the subsidiary.

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Year 2024

Unit: VND

Subsidiaries and affiliates purchasing treasury shares:

  • If a subsidiary repurchases treasury shares from non-controlling shareholders, the parent company's ownership ratio in the subsidiary's net assets will increase. However, when a subsidiary purchases treasury shares, the net asset value of the subsidiary held by the parent company may increase or decrease compared to before the subsidiary purchased treasury shares depending on the purchase price of treasury shares. The parent company must determine its ownership share in the net asset value of the subsidiary at the time before and after the subsidiary purchases treasury shares. The difference in that net asset value is recorded directly in the target "Undistributed profit after tax" of the Consolidated Balance Sheet;
  • If an affiliated company purchases treasury shares, the investor's ownership ratio in the affiliated company's net assets will increase and if it is sufficient for control, the investor will become the parent company. The affiliated company becomes a subsidiary.

Subsidiaries invest the parent company:

For subsidiaries that are not restricted by law when repurchasing the parent company's shares, accountants must present the book value of the subsidiary's shares purchased from the parent company in the item "Treasury shares". of the Consolidated Balance Sheet. Based on the subsidiary's balance sheet, the accountant records a decrease in the value of the parent company's shares held by the subsidiary.

b. Method for recording interests of non-controlling shareholders

Parent company benefit and non-controlling interests in subsidiaries include direct and indirect interests acquired through other subsidiaries. The determination of the interests of the parties is based on the respective proportion of capital contribution in each subsidiary (directly and indirectly), unless otherwise agreed.

Non-controlling shareholder interests are presented in the consolidated Balance Sheet as a separate item under the equity section. The ownership portion of non-controlling shareholders in the Company's Income Statement must also be presented as a separate item in the Consolidated Income Statement.



Non-controlling interests include the value of non-controlling interests at the date of the initial business combination and in the movements in equity since the date of the business combination. Losses arising at a subsidiary must be allocated proportionally to the non-controlling shareholder's ownership share, even if that loss is greater than the non-controlling shareholder's share in the subsidiary net assets.

01. CASH AND CASH EQUIVALENTS

c. Method of excluding internal transactions

The balances of the accounts on the consolidated balance sheet and the income, expenses in the consolidated income statement are completely eliminated.

V. NOTES TO CONSOLIDATED FINANCIAL STATEMENT

Closing balanceOpening balance
Cash on hand2,762,507,4651,783,792,635
Cash in banks730,272,806,882316,095,750,079
Cash equivalents978,657,000,000794,500,000,000
- Term deposits978,657,000,000794,500,000,000
Total1,711,692,314,3471,112,379,542,714

I.D.I INTERNATIONAL DEVELOPMENT AND INVESTMENT CORPORATION 80 street, industrial clusters Vam Cong, Lap Vo district, Dong Thap province.


NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS


Year 2024


Closing balanceOpening balance
Historical costBook valueHistorical costBook value
b1) Short-term held to maturity investments - Term deposits1,530,589,595,8881,530,589,595,888663,675,624,494663,675,624,494
b2) Long-term held to maturity investments - Bonds ()1,530,589,595,8881,530,589,595,888663,675,624,494663,675,624,494
3,310,000,0003,310,000,0003,310,000,0003,310,000,000
3,310,000,0003,310,000,0003,310,000,0003,310,000,000
Total1,533,899,595,8881,533,899,595,888666,985,624,494666,985,624,494
() Bonds (TPs) of BIDV, quantity: 131 bonds, par value: 10,000,000 VND/bond; 2 bonds, par value 1,000,000,000 VND/bond; Interest rate, term, issue date, maturity date, method of interest payment are specified in each bond ownership certificate.
c) Investments in equity of other entities :
Closing balanceOpening balance
Historical costFair valueProvisionHistorical costFair value
Investments in equity of other entities245,517,581,111245,517,581,111
+ Long An EuroPlast Solar Power JSC ()245,517,581,111245,517,581,111
Total245,517,581,111245,517,581,111
() Because these companies have not yet listed their shares on stock markets, the fair value of the investment in these companies cannot be determined for presentation on Consolidated Financial Statements according to regulations of Circular 200/2014/TT-BTC.




NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Year 2024

03. TRADE RECEIVABLESClosing balanceOpening balance
a) Short-term trade receivables1,721,418,706,4431,285,570,982,375
Others1,721,418,706,4431,278,709,977,375
+ Veryfy & global investment one member company limited72,755,719,817105,954,719,817
+ Asia Fish Oil Corporation389,553,796,985241,914,818,941
+ Clean Seafood Export Joint Stock Company101,185,453,660
+ Menita Comercial Oceanica Sa De RL De Cv45,779,557,07426,284,652,653
+ Empire Industries Ltd21,654,966,61310,142,989,631
+ Other1,191,674,665,954793,227,342,673
Related parties6,861,005,000
+ Sao Mai Super Feed Company Limited6,831,005,000
+ An Giang Tourism Joint Stock Company30,000,000
b) Long-term trade receivables
Total1,721,418,706,4431,285,570,982,375
04. UPFRONT PAYMENT TO THE SELLERClosing balanceOpening balance
a) Short-term950,951,375,333820,124,422,378
Others950,868,010,333820,124,422,378
Clean Seafood Export Joint Stock Company70,493,885,72491,386,814,165
+ Asia Fish Oil Corporation15,041,810,05015,041,810,050
+ Veryfy & global investment one member company limited99,105,667,005
+ Le Dinh Manh24,671,156,90821,642,315,077
+ Le Van Thuong46,846,754,00046,846,754,000
+ Other694,708,736,646645,206,729,086
Related Parties83,365,000
+ Sao Mai Group Joint Stock Company83,365,000GIA I.D.
b) Long-term★
Total950,951,375,333820,124,422,378

This item is presented in addition to the beginning and end of year information to provide additional information for the presentation of the Notes to the financial statements.


05 . RECEIVABLE FROM LOANSClosing balanceOpening balance
Long - term457,200,000,000
Related parties457,200,000,000
+ Sao Mai Group Corporation457,200,000,000
Total457,200,000,000

Notes:

Loan contract No. 05.2021HDCVV/2022 dated January 4, 2022 and Appendix No. 06.2021PLCVV/2022, dated September 20, 2022, loan term is over 12 months, interest rate varies depending on each time. And according to loan contract No. 01.HDCVV/2022 dated January 3, 2022 and Appendix No. 02 dated July 1, 2023, Sao Mai Group Joint Stock Company is lent capital with a specific amount for each loan, the applicable interest rate is 8%/year, the loan term is over 12 months.

Unit: VND


Closing balanceOpening balance
ValueProvisionValueProvision
a) Short-term101,887,902,212(528,000,000)102,461,588,328(528,000,000)
Advances59,800,978,27263,785,769,570
Deposit3,830,700,0003,830,700,000
Other receivables38,256,223,940(528,000,000)34,845,118,758(528,000,000)
Other party38,256,223,94034,845,118,758
+ Vietnam Joint Stock
Commercial Bank for Industry and Trade Limited Liability Company for Finance1,952,194,7693,540,447,677
+ Dong Thap Tax Department16,565,382,17718,465,382,177
+ Accumulated deposit16,667,618,4889,715,036,348
+ Others3,071,028,506(528,000,000)3,124,252,556(528,000,000)
b) Long-term3,242,979,8354,242,979,835
Deposit3,242,979,8354,242,979,835
Total105,130,882,047(528,000,000)106,704,568,163(528,000,000)

07. BAD DEBTS

  1. Total value of receivables, overdue debts or no overdue doubtful debts


Closing balanceOpening balance
Historical costRecoverable valueHistorical costRecoverable value
+ LLC "Sata Fish Ltd"9,995,468,2509,995,468,250
+ Alfredo Foods9,073,064,0619,073,064,061
+ Alliance Seafood Group9,107,273,4069,107,273,406
+ Lapson International Trading Ltd6,885,734,8716,885,734,871
+ Sarl Globe Alliance7,104,351,9147,104,351,914
+ Tian Ye Aquatic Products Co. Ltd6,554,141,8666,554,141,866
+ Others8,314,454,0228,125,063,972
Total57,034,488,39056,845,098,340

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

Unit: VND


INVENTORIESClosing balanceOpening balance
Historical costProvisionHistorical costProvision
+ Raw materials10,246,433,89610,586,655,519
+ Tools and supplies715,673,565641,893,377
+ Cost of unfinished business production27,675,659,45624,384,056,811
+ Finished goods684,767,186,7831,050,662,821,889(307,120,895)
+ Goods494,002,996,933479,973,190,785
+ Entrusted goods for sale7,259,853,6165,855,895,724
Total1,224,667,804,2491,572,104,514,105(307,120,895)

Note:

  • Value of unused or degraded inventories which are unsold at the end of the year: none
  • The value of inventories used for mortgaging or pledging to ensure the debts payable at the end of the year.

1,099,021,697,327 VND.

Reason for inventory return: goods consumed in the year.





09. LONG-TERM ASSETS IN PROGRESS

a) Long-term work in progress
b) Long-term construction in progressClosing balanceOpening l
Fixed assets purchases14,778,209,81014,778, ^
+ Cold storage No.0414,321,499,81314,321, ^
+ Others456,709,997456, ^
Capital construction571,108,730,997560,174, ^
+ Cold storage No.04145,580,345,953142,935, ^
+ Binh Long urban area401,317,925,000401,317, ^
+ Fish Hatchery Center2,296,183,404
+ U.S. Seafood Factory4,379,421,944
+ Centrifuge4,452,987,8854,452,987,885
+ Cost of land compensation in Cu Jut district3,713,038,1873,701,429,867
+ Others9,368,828,6247,767,231,124
Total585,886,940,807574,952,932,200

Consolidated Financial Statements

I.D.I INTERNATIONAL DEVELOPMENT AND INVESTMENT CORPORATION 80 street, industrial clusters Vam Cong, Lap Vo district, Dong Thap province.


NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS


ItemsBuildings, structuresMachinery, equipmentTransportation equipmentOffice equipmentOthersUnit: VND
I. HistoricalTotal
1. Opening balance533,206,548,612767,791,356,62532,726,990,6983,728,990,60014,803,342,4231,352,257,228,958
2. Increase33,333,963,7521,583,443,148116,293,18235,033,700,082
- Purchase in this year1,142,768,600698,770,000116,293,1821,957,831,782
- Finished construction investment884,673,148884,673,148
- Acquisition of main leased fixed assets32,191,195,15232,191,195,152
3. Decrease645,454,546645,454,546
- Liquidating, disposing645,454,546645,454,546
- Others
4. Closing balance533,206,548,612801,125,320,37732,081,536,1525,312,433,74814,919,635,6051,386,645,474,494
II. Accumulated depreciation
1. Opening balance165,289,841,678490,194,049,79230,940,597,2112,071,166,2528,681,761,958697,177,416,891
2. Increase25,007,970,97070,807,523,830772,531,490522,686,344690,407,96997,801,120,603
- Depreciation for this year25,007,970,97045,673,110,240772,531,490522,686,344690,407,96972,666,707,013
- Acquisition of main leased fixed assets25,134,413,59025,134,413,590
3. Decrease645,454,546645,454,546
- Liquidating, disposing645,454,546645,454,546
- Others645,454,546
4. Closing balance190,297,812,648561,001,573,62231,067,674,1552,593,852,5969,372,169,927794,333,082,948
III. Net book value
1. Opening balance367,916,706,934277,597,306,8331,786,393,4871,657,824,3486,121,580,465655,079,812,067
2. Closing balance342,908,735,964240,123,746,7551,013,861,9972,718,581,1525,547,465,678592,312,391,546
- Residual value at the end of the year of tangible fixed assets used for mortgage and pledge to secure loans: 374,341,136,791 VND.- Historical cost of depreciated fixed assets at the end of the year but still in use: 341,453,180,047 VND.- Historical cost of fixed assets at the end of the year pending liquidation: 0 VND.



21

I.D.I INTERNATIONAL DEVELOPMENT AND INVESTMENT CORPORATION 80 street, industrial clusters Vam Cong, Lap Vo district, Dong Thap province.


11. INCREASE OR DECREASE IN FINANCIAL LEASE FIXED ASSETSUnit: VND
Chi tiêuBuildings, structuresMachinery, equipmentTransportation equipmentOffice equipmentIntangible fixed assetsTotal
1. Historical cost
1. Opening balance11,070,071,709131,531,783,64617,095,897,012159,697,752,367
2. Increase
- Finance lease in the year
- Liquidation of main design assets
3. Decrease32,116,195,15232,116,195,152
- Disposals of finance lease fixed assets32,116,195,15232,116,195,152
4. Closing balance11,070,071,70999,415,588,49417,095,897,012127,581,557,215
II. Accumulated depreciation
1. Opening balance4,969,795,31140,282,000,0616,792,661,53852,044,456,910
2. Increase2,592,936,69017,523,979,6762,486,310,22722,603,226,593
- Depreciation2,592,936,69017,523,979,6762,486,310,22722,603,226,593
- Disposals of finance lease fixed assets
3. Decrease25,134,413,59025,134,413,590
- Disposals of finance lease fixed assets25,134,413,59025,134,413,590
4. Closing balance7,562,732,00132,671,566,1479,278,971,76549,513,269,913
III. Net book value
1. Opening balance6,100,276,39891,249,783,58510,303,235,474107,653,295,457
2. Closing balance3,507,339,70866,744,022,3477,816,925,24778,068,287,302
- Additional rental income recognized as expense during the year: 3,549,421,053 VND.- Basis for determining additional rental: Financial lease contracts- Lease renewal clause or right to purchase the asset: After the end of the contract, the lessee has the right to purchase the asset as agreed in the contract.




I.D.I INTERNATIONAL DEVELOPMENT AND INVESTMENT CORPORATION 80 street, industrial clusters Vam Cong, Lap Vo district, Dong Thap province.


NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
Year 2024
12. INCREASE OR DECREASE IN INTANGIBLE FIXED ASSETSUnit: VND
ItemLand use rightsCopyrightsPatents, inventionsComputer software
1. Historical cost
1. Opening balance173,940,981,651785,000,000
2. Increase706,367,400
- Purchase in this year528,287,280
- Completed construction investment178,080,120
- Other increases
3. Decrease
- Disposals
4. Closing balance173,940,981,6511,491,367,400
II. Accumulated Amortise175,432,349,051
1. Opening balance27,671,558,916785,000,000
2. Increase3,589,379,17261,204,206
- Depreciation3,589,379,17261,204,206
- Other increases3,650,583,378
3. Decrease
- Disposals
4. Closing balance31,260,938,088846,204,206
III. Net book value32,107,142,294
1. Opening balance146,269,422,735146,269,422,735
2. Closing balance142,680,043,563645,163,194
- Ending net book value of intangible fixed assets put up as collateral for loans: 141,383,559,963 VND- Historical cost of fully depreciated intangible fixed assets at the end of the period: 785,000,000 VND




NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

Year 2024

Unit: VND

13. INCREASE OR DECREASE IN INVESTMENT PROPERTIES

ItemBuilding & architectonic modelLand use rightsInfrastructureTotal
I. Historical cost
1. Opening balance173,409,054,479149,825,181,097323,234,235,576
2. Increase
- Purchase in this year
- Finished construction investment
- Other increases
3. Decrease
- Disposals
- Other decreases
4. Closing balance173,409,054,479149,825,181,097323,234,235,576
II. Accumulated depreciation
1. Opening balance66,905,472,9133,527,312,43070,432,785,343
2. Increase8,313,843,949392,211,8528,706,055,801
- Depreciation8,313,843,949392,211,8528,706,055,801
- Other increases
3. Decrease
- Disposals
- Other decreases
4. Closing balance75,219,316,8623,919,524,28279,138,841,144
III. Net book value
1. Opening balance106,503,581,566146,297,868,667252,801,450,233
2. Closing balance98,189,737,617145,905,656,815244,095,394,432
  • Ending net book value of investment properties put up as collateral for loans: 203,601,135,270 VND.



  • Historical cost of fully depreciated fixed asset held for lease or capital appreciation: 10,744,100,207 VND.


NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
Year 2024
Unit: VND
14. PREPAID EXPENSES
Closing balanceOpening balance
a) Short-term2,783,255,1672,106,032,705
Tools and supplies516,954,647573,397,115
Others2,266,300,5201,532,635,590
b) Long-term8,158,647,3099,570,771,554
Tools and supplies2,010,681,7472,981,237,454
Others6,147,965,5626,589,534,100
Total10,941,902,47611,676,804,259
15. GOODWILL
Value of goodwill arising from the acquisition of a Subsidiary250,203,672,197283,564,161,822
Total250,203,672,197283,564,161,822
16. BORROWINGS AND FINANCE LEASE LIABILITIES
a) Short-term borrowingsClosing balanceIncurOpening balance
ValueRecoverable valueIncreaseDecreaseValue
Short-term borrowings4,212,720,530,5916,943,215,923,4836,820,958,192,6674,090,462,799,775
Long-term loans due40,000,000,00040,000,000,000
Total4,252,720,530,5916,983,215,923,4836,820,958,192,6674,090,462,799,775
Details of Short-term borrowingsClosing balanceOpening balance
Short-term borrowings4,212,720,530,5914,090,462,799,775
ACB Ong Ich Khiem Branch86,822,298,000128,069,787,500
ACB Sa Dec Branch46,665,290,20059,299,600,000
BIDV Kien Giang Branch1,754,219,197,7311,590,048,375,622
BIDV Phu Quoc Branch251,094,624,300200,769,151,500
BIDV Ben Nghe Branch259,961,031,381380,020,044,900
BPCE IOM - Ho Chi Minh City Branch151,645,206,549128,079,759,367

I.D.I INTERNATIONAL DEVELOPMENT AND INVESTMENT CORPORATION 80 street, industrial clusters Vam Cong, Lap Vo district, Dong Thap province.


NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS


Short-term borrowings

China Construction Bank - HCMC Branch

CTBC BANK - HCMC BRANCH

Unit: VND

Vietinbank Branch Dong Thap - Lap Vo

PG Bank An Giang


Closing balanceOpening balance
153,874,160,400167,641,275,800
58,354,993,943
415,311,657,513350,090,076,629
88,384,960,542179,055,186,540
23,000,000,00021,000,000,000
76,320,500,00048,000,000,000
205,645,659,579164,436,698,574
160,706,748,200181,724,435,000
49,303,324,40048,108,913,600
47,645,600,00048,013,000,000
135,546,983,30090,776,990,000
199,366,048,600164,997,998,800
43,600,009,5964,937,000,000
33,607,230,30012,210,000,000
30,000,000,00029,979,512,000
34,850,000,000
40,000,000,000
40,000,000,000

Personal loan

Details Long-term loan due

First Comercial Bank - Ho Chi Minh City Branch





NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
Year 2024
6 . BORROWINGS AND FINANCE LEASE LIABILITIES (continues)Unit: VND
b) Long-term borrowingsClosing balanceIncurOpening balance
ValueRecoverable valueIncreaseDecreaseValueRecoverable value
Over 1 year to 5 years180,450,000,000180,450,000,00060,450,000,000154,817,522,000274,817,522,000274,817,522,000
Total180,450,000,000180,450,000,00060,450,000,000154,817,522,000274,817,522,000274,817,522,000
Details of Long-term borrowingsClosing balanceOpening balance
VP Bank Branch An Giang74,817,522,000
First Comercial Bank - Ho Chi Minh City Branch120,000,000,000200,000,000,000
Personal loan60,450,000,000
Total180,450,000,000274,817,522,000
c) Total finance lease liabilities paidPrevious year
Current year
TermTotal payment of finance lease liabilitiesPayment of interestPayment of principalTotal payment of finance lease liabilitiesPayment of interestPayment of principal
Under 1 year20,871,775,4681,432,300,06819,439,475,40011,875,555,735614,898,51611,260,657,219
Over 1 year to 5 years12,680,521,0292,117,120,98510,563,400,04436,243,198,6577,625,842,79728,617,355,860
Total33,552,296,4973,549,421,05330,002,875,44448,118,754,3928,240,741,31339,878,013,079

33

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ÔNG TY

IẾN ĐẦU TU

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ỐC GIA I.D

T. ĐƠNG

I.D.I INTERNATIONAL DEVELOPMENT AND INVESTMENT CORPORATION 80 street, industrial clusters Vam Cong, Lap Vo district, Dong Thap province.


NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS


  1. BORROWINGS AND FINANCE LEASE LIABILITIES (continues)


Short-term borrowings
Principal of finance lease liabilities
Long-term finance lease liabilities
Principal of finance lease liabilities


Closing balanceOpening balance
Revaluation valueOriginal costRevaluation valueOriginal cost
16,107,828,10816,107,828,108
16,107,828,10816,107,828,108
5,563,786,0055,563,786,00550,916,913,79650,916,913,796
5,563,786,0055,563,786,00550,916,913,79650,916,913,796
21,671,614,11321,671,614,11350,916,913,79650,916,913,796

Total

d) Overdue loans and unpaid financial lease debts: None
e) Detailed description of borrowings and finance lease liabilities for relevant entities: none
g) Ordinary bondsClosing balanceOpening balance
ValueInterestTermValueInterestTerm
Short-term
Long-term964,854,706,521
+ Bond964,854,706,521
Par value1,000,000,000,0005.575%/year96 month
Allocation of bond issuance cost(35,145,293,479)
Total964,854,706,521

This is a mobilization by issuing bonds in par value in Vietnam Dong to finance the US Seafood Processing Factory Project (phase 2) and the Sao Mai High-tech Aquatic Breeding Center Project. The bond package has a total face value of VND 1,000 billion, with a maturity date of October 2032. The fixed interest rate applied to the entire 8-year term of the bond is determined to be 5.575% year. This bond is guaranteed by Guarantor Co Ltd, the guarantee period is 8 years according to the "Letter of Guarantee Agreement" dated 29/10/2024 and the "Letter of Guarantee Validity" dated 30/10/2024.

The bond amount will be used in accordance with the recourse agreement (Recourse Deed.)

As of December 31, 2024, the collateral for this guarantor is being completed procedures between related parties:



34

Year 2024

I.D.I INTERNATIONAL DEVELOPMENT AND INVESTMENT CORPORATION 80 street, industrial clusters Vam Cong, Lap Vo district, Dong Thap province.


NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS


Year 2024


Details of loans at the end of fiscal year 2024:


Unit: VND


LendersContractLimit/Loan amount (VND)Loan balanceLoan term (Month)Interest rate (%)Loan purposeForm of guarantee
USDVNDUSDVND
Asia Commercial Joint Stock Bank - Ong Ich Khiem BranchOIK.DN.4550.250724 Date 23/08/2024167,000,000,0003,398,000.0086,822,298,0009According to each debt-receiving contractSupplement working capital for productionDeposits
Bank for Investment and Development of Vietnam - Kien Giang Branch01/2024/4426663/H DTD Date 07/10/20241,900,000,000,0001,212,555,883,4318According to each debt-receiving contractSupplement working capital for productionCompany inventory, Deposits and other assets
21,199,300.00541,663,314,3008According to each debt-receiving contractSupplement working capital for production
BIDV - Phu Quoc Branch01/2024/4426663/H DTD date 27/12/202450,000,000,00050,000,000,00012According to each debt-receiving contractSupplement working capital for productionDeposits
01/2024/4426663/H DTD date 11/11/2024200,000,000,00022,000,000,0008According to each debt-receiving contractSupplement working capital for productionCompany inventory, Deposits and other assets
7,009,300.00179,094,624,3008According to each debt-receiving contractSupplement working capital for production
BPCE IOM - BRANCH Ho Chi Minh CityFCA000659-2024 dated 02/01/2024 and amended and supplemented PL No. FCA000659-2024/01 dated 03/12/20243,500,00081,200,000,00082,492,223,1236According to each debt-receiving contractSupplement working capital for productionDeposits



35



I.D.I INTERNATIONAL DEVELOPMENT AND INVESTMENT CORPORATION 80 street, industrial clusters Vam Cong, Lap Vo district, Dong Thap province.


NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS


Year 2024


Details of loans at the end of fiscal year 2024:


Unit: VND


LendersContractLimit/Loan amount (VND)Loan balanceLoan term (Month)Interest rate (%)Loan purposeForm of guarantee
USDVNDUSDVND
China Construction Bank Corporation - Ho Chi Minh City Branch HCMFAGSTF/2018-005APP5 date 08/09/20237,000,000162,400,000,000153,874,160,4009According to each debt-receiving contractSupplement working capital for productionCompany's land use right
Vietnam Maritime Commercial Joint Stock Bank - An Giang Branch112-00018879.01692/2024/HDTD date 11/06/2024100,000,000,000748,031.0019,112,940,0816According to each debt-receiving contractSupplement working capital for productionDeposits
Vietinbank Branch Dong Thap - LapVo397/2023/HDCVHM/NHCT720-IDI date 26/12/2023 and PL amended and supplemented No. 397/2023-HDCVHM-SDBS02/NHCT720-IDI dated 24/12/2024400,000,000,00014,721,199.66376,141,372,5138According to each debt-receiving contractSupplement working capital for productionOther assets and deposits
Ho Chi Minh City Development Bank - Vung Tau Branch29752/23MN/HDTD date 07/11/2023400,000,000,0003,448,942.0088,123,917,0426According to each debt-receiving contractSupplement working capital for productionOther assets
Indovina Bank - Dong Nai BranchIVB-DN/CL/0322/032/DC2 date 24/07/20243,000,00023,000,000,0006According to each debt-receiving contractSupplement working capital for productionOther assets

50117

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HINH KI

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PHIA NA

T.P H

36

1296 - TY BÁU TỬ TRIỆN GIA I.D.

DONG

I.D.I INTERNATIONAL DEVELOPMENT AND INVESTMENT CORPORATION 80 street, industrial clusters Vam Cong, Lap Vo district, Dong Thap province.


NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS


Year 2024


Unit: VND

Details of loans at the end of fiscal year 2024:


LendersContractLimit/Loan amount (VND)Loan balanceLoan term (Month)Interest rate (%)Loan purposeForm of guarantee
USDVNDUSDVND
PG Bank540.0230/2024/HDT DHM-DN/PGBankAG date 02/07/2024150,000,000,00076,320,500,0008According to each debt-receiving contractSupplement working capital for productionLand use rights
Tien Phong Commercial Joint Stock Bank - An Giang Branch81/2024/HDTD/AG G date 29/03/2024200,000,000,000183,295,659,5799According to each debt-receiving contractSupplement working capital for productionOther assets
Vietnam Prosperity Bank - An Giang BranchBCLC-1458-HDHM date 29/12/20231,000,000,000,000160,706,748,2006According to each debt-receiving contractSupplement working capital for productionLand use rights and other property
Bank Sinopac CN HCM231023-SDBS1 date 08/06/20242,000,00047,645,600,0006According to each debt-receiving contractSupplement working capital for productionDeposits
First Comercial Bank - CN HCMMLBTDS-H10230079 date 06/10/2023200,000,000,00040,000,000,00060According to each debt-receiving contractSupplement working capital for productionOther assets
TRLBTDUS-H30240087 date 31/07/20246,000,000135,546,983,30012According to each debt-receiving contractSupplement working capital for productionDeposits
Woori Bank Vietnam Limited - Ha Nam BranchVN123007736-004HDCVHM/WBV N303 - IDI date 06/09/2024150,000,000,000149,875,428,6006According to each debt-receiving contractSupplement working capital for productionDeposits




I.D.I INTERNATIONAL DEVELOPMENT AND INVESTMENT CORPORATION 80 street, industrial clusters Vam Cong, Lap Vo district, Dong Thap province.


NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS


Year 2024


Details of loans at the end of fiscal year 2024:


Unit: VND


LendersContractLimit/Loan amount (VND)Loan balanceLoan term (Month)Interest rate (%)Loan purposeForm of guarantee
USDVNDUSDVND
United Overseas Bank (VN)UOB/HCMC/CMB/2673/003 date 20/09/20244,000,00049,303,324,4006According to each debt-receiving contractSupplement working capital for productionDeposits
Nam A Bank - Branch Can Tho0910/2023/603-CV date 26/12/2023200,000,000,000815,300.0020,831,730,3008According to each debt-receiving contractSupplement working capital for productionOther assets
Nam A Bank0287/2024/603-CV100,000,000,000500,000.0012,775,500,0006According to each debt-receiving contractSupplement working capital for productionDeposit & Shares
MSB Bank112-00023613.14093/2024/HDTD70,000,000,000373,7659,550,069,5153According to each debt-receiving contractSupplement working capital for productionDeposits
14,937,000,00012
BIDV Bank01/2024/4956478/HDTD400,000,000,000866,344.822,135,975,9856According to each debt-receiving contractSupplement working capital for productionDeposits + Real estate
237,825,055,396
ACB BankSDE.DN.1672.07062473,400,000,0001,180,20030,155,290,2006According to each debt-receiving contractSupplement working capital for productionDeposits + Real estate
16,510,000,000
WOORI Bank VietnamVN123002861/WB VN30385,000,000,00049,490,620,00011According to each debt-receiving contractSupplement working capital for productionDeposits + Real estate



38



I.D.I INTERNATIONAL DEVELOPMENT AND INVESTMENT CORPORATION 80 street, industrial clusters Vam Cong, Lap Vo district, Dong Thap province.


NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS


Year 2024


Unit: VND

Details of loans at the end of fiscal year 2024:


LendersContractLimit/Loan amount (VND)Loan balanceLoan term (Month)Interest rate (%)Loan purposeForm of guarantee
USDVNDUSDVND
TP Bank442/2023/HDTD/AGG100,000,000,00022,350,000,0003According to each debt-receiving contractSupplement working capital for productionReal estate
HD Bank37243/22MN/HDTD90,000,000,000261,043,5006According to each debt-receiving contractSupplement working capital for productionDeposits + Bond
Vietcomebank75/2023/VCB.DT-CRC30,000,000,00030,000,000,0006According to each debt-receiving contractSupplement working capital for productionDeposits + Bond
Viettin Bank268/2024-HDCVHM/NHCT720-TRISEDCO55,000,000,00039,170,285,0006According to each debt-receiving contractSupplement working capital for productionBond + real estate
BPCE IOM BankFCA000601-20243,000,00069,152,983,4265According to each debt-receiving contractSupplement working capital for productionDeposit money
Total short term28,500,0006,364,000,000,00054,260,3824,252,720,530,591
First Comercial Bank - CN HCMMLBTDS-H10230079 date 06/10/2023200,000,000,000120,000,000,00060According to each debt-receiving contractFor production businessOther assets
OthersEach specific contract60,450,000,00024According to each debt-receiving contractFor production businessPersonal loan
Total long term200,000,000,000180,450,000,000

011

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Consolidated Financial Statements

Year 2024

I.D.I INTERNATIONAL DEVELOPMENT AND INVESTMENT CORPORATION


NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS


Year 2024

Unit: VND

Details of loans at the end of fiscal year 2024:


LendersContractLimit/Loan amount (VND)Loan balanceLoan term (Month)Interest rate (%)Loan purposeForm of guarantee
USDVNDUSDVND
VIETINBANKLEASING - Branch HCM95/2020/CN.MN-CTTC date 27/11/202024,943,333,3204,962,883,18860According to each debt-receiving contractFor production businessCollateral
91/2021/CN.Mn-CTTC date 27/12/202131,051,892,61110,373,499,97060According to each debt-receiving contractFor production businessCollateral
VIETINBANKLEASING72/2019/CN.MN-CTTC49,262,765,9602,995,905,000639.50%Supplement working capital for productionCollateral
CHILEASE LEASINGC2201170C28,634,655,9332,417,703,649507.48%Supplement working capital for productionCollateral
C2211008C24,915,319,000921,622,306327.96%Supplement working capital for productionCollateral
Finance hire purchase118,807,966,82421,671,614,113




I.D.I INTERNATIONAL DEVELOPMENT AND INVESTMENT CORPORATION 80 street, industrial clusters Vam Cong, Lap Vo district, Dong Thap province.


NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS


  1. TRADE PAYABLE


Closing balanceOpening balance
ValueRecoverable valueValueRecoverable value
.net206,744,965,778206,744,965,778216,486,725,129216,486,725,129
+ Global Business & Investment One Member Limited Liability Company206,457,063,576206,457,063,576216,474,425,729216,474,425,729
+ Clean Seafood Export Joint Stock Company11,008,030,08911,008,030,08946,213,547,00046,213,547,000
+ Ocean Ship Logistic and Trading Company Limited28,022,356,92228,022,356,92211,006,530,17911,006,530,179
+ Binh Duc Packaging JSC1,755,395,0641,755,395,0649,178,810,5099,178,810,509
+ King Group Co., Ltd.8,261,656,8308,261,656,8305,076,815,4005,076,815,400
. Other157,409,624,671157,409,624,6713,761,902,7103,761,902,710
Related parties287,902,202287,902,202141,236,819,931141,236,819,931
+ Sao Mai Group Joint Stock Company156,944,402156,944,40212,299,40012,299,400
+ An Giang Tourism Joint Stock Company130,467,800130,467,80010,399,40010,399,400
+ Dong Thap Tourism Joint Stock Company490,000490,0001,900,0001,900,000
b) Long-term trade payables
Total206,744,965,778206,744,965,778216,486,725,129216,486,725,129
c) Trade payables to relevant entities: none
18 . BUYER PAYS IN ADVANCEClosing balanceOpening balance
Short-term135,853,818,947108,568,775,730
Other135,853,818,947108,568,775,730
+ Clean Seafood Export Joint Stock Company14,110,929,380
+ Limited Liability Company CNSL INDUSTRIAL19,500,000,000
+ Le Van Linh449,212,00014,509,000,000
+ Le Nhu Thanh20,000,000,000
+ Le Duc Tung20,000,000,000
+ Other61,793,677,56794,059,775,730
Related parties
Total135,853,818,947108,568,775,730
This section presents additional year-end and year-end information to provide additional information on the presentation of financial statements.



I.D.I INTERNATIONAL DEVELOPMENT AND INVESTMENT CORPORATION 80 street, industrial clusters Vam Cong, Lap Vo district, Dong Thap province.


NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS


  1. TAXES AND OTHER PAYABLES TO THE STATE


Closing balancePayables in yearPaid in yearOpening balance
85,098,2771,190,867,2881,241,233,941135,464,930
34,833,825,92835,490,543,84635,728,205,44035,071,487,522
3,606,112,7333,606,112,733
614,946,1751,480,658,9951,431,970,228566,257,408
174,768,000253,792,000253,792,000174,768,000
1,785,426,2301,785,426,230
35,708,638,38043,807,401,09244,046,740,57235,947,977,860

Note: () CIT expenses actually paid in the year include: transfer of VND 13,038,556,613 and pay by deduction of VAT refund in the year with the amount of VND 7,081,641,740 according to Decision No. 108/QD-CTDTH-KDT dated 08/05/2024 and with the amount of VND 7,748,259,099 according to Decision No. 106/QD-CTDTH-KDT dated 08/05/2024.

The Company's tax finalization will be subject to inspection by the tax authority. Because the application of the law and tax provisions to various types of transactions can be interpreted in different ways, the tax amount presented on the Consolidated Financial Statements may be changed at the discretion of the tax authority.

1501172

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42

  1. NG TY

AN BÁU TIẾ

HÁT TRIỂN

ỐC GIA I.D

T. DÓNG

I.D.I INTERNATIONAL DEVELOPMENT AND INVESTMENT CORPORATION Consolidated Financial Statements 80 street, industrial clusters Vam Cong, Lap Vo district, Dong Thap province. Year 2024

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Year 2024

20. COSTS TO BE PAID

Closing balanceOpening balance
a) Short-term other payables19,400,802,7621,340,020,397
Interest expense10,083,679,4741,340,020,397
Bond interest expense9,317,123,288
b) Long-term other payables
Total19,400,802,7621,340,020,397

21. OTHER PAYABLES

Closing balanceOpening balance
a) Short-term other payables29,232,760,13835,199,713,551
Trade union fund941,756,0311,220,605,231
Health insurance204,863,500208,845,250
Short-term deposits6,167,221,9606,212,221,960
Dividends or profits payables883,203,6251,100,681,000
Other payables21,035,715,02226,457,360,110
Others11,058,826,02219,380,471,110
+ Dong Thap Power Company1,772,738,490
+ SAFACO Co., Ltd.1,529,574,800
+ Others7,756,512,73219,380,471,110
Related parties9,976,889,0007,076,889,000
+ Sao Mai Group Corporation9,976,889,0007,076,889,000
b) Long-term other payables
Total29,232,760,13835,199,713,551

22. Provisions for payables

Closing balanceOpening balance
a) Short-term2,022,226,343
Provision salary payment2,022,226,343
b) Long-term
Total2,022,226,343

Consolidated Financial Statements

I.D.I INTERNATIONAL DEVELOPMENT AND INVESTMENT CORPORATION 80 street, industrial clusters Vam Cong, Lap Vo district, Dong Thap province.


NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS


  1. OWNER'S EQUITY


Unit: VND

  1. 1 Change in owner's equity


Contributed capitalOwners' other capitalCapital surplusFunds ()Undistributed profit after taxNon-controlling interestTotal
On 01 January 20232,276,446,080,000196,813,460,00017,060,700,00072,577,293,393621,485,064,349171,773,974,3293,356,156,572,071
Increase in capital in the previous year57,765,947,11915,588,228,14673,354,175,265
Profit in the previous year16,497,484,33916,497,484,339
Other increase178,332,23252,384,642230,716,874
Increase fund from profit(21,497,484,339)(21,497,484,339)
Other decreases(78,724,451)(19,128,502)(97,852,953)
Reduction from divestment of subsidiaries(13,350,383,282)(13,350,383,282)
On 31 December 20232,276,446,080,000196,813,460,00017,060,700,00089,074,777,732657,853,134,910174,045,075,3333,411,293,227,975
On 01 January 20242,276,446,080,000196,813,460,00017,060,700,00089,074,777,732657,853,134,910174,045,075,3333,411,293,227,975
Profit this year60,461,528,54212,214,939,35872,676,467,900
Increase in capital in the current year455,280,600,00049,873,940,000505,154,540,000
Increase fund from profit9,188,699,378(11,188,699,378)(2,000,000,000)
Stock dividend(505,154,540,000)(505,154,540,000)
Other increase
Other decreases
On 31 December 20242,731,726,680,000246,687,400,00017,060,700,00098,263,477,110201,971,424,074186,260,014,6913,481,969,695,875

During the year, the company distributes profits according to the Resolution of the 2024 Annual General Meeting of Shareholders of Multinational Investment and Development Joint Stock Company I.D.I dated 22/04/2024 No. 01/2024/NO-DHCD and the Minutes of the 2024 Annual General Meeting of Shareholders of Multinational Investment and Investment Joint Stock Company I.D.I dated 22/04/2024 No. 01/2024/BB.DHCD. And the company distributes profits according to the Resolution of the 2024 Annual General Meeting of Shareholders of Traveling Investment & Seafood Development. JSC dated 22/04/2024 No. 01/2024/NO-DHCD and according to the Resolution No. 0522/2024/NO-HDOT dated 22/05/2024.



44



NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

Year 2024


23 . 2. Details of contributed capitalClosing balance%Opening balance%
Parent company1,399,349,160,00051.23%1,166,124,310,00051.23%
+ Sao Mai group Corporation1,399,349,160,00051.23%1,166,124,310,00051.23%
Other entities1,332,377,520,00048.77%1,110,321,770,00048.77%
Total2,731,726,680,000100.00%2,276,446,080,000100.00%

23. 3. Capital transactions with owners and distribution of dividends or profits

Current yearPrevious year
- Owner's invested capital
+ At the beginning of year2,276,446,080,0002,276,446,080,000
+ Increase in the year455,280,600,000
+ Decrease in the year
+ At year end2,731,726,680,0002,276,446,080,000
- Dividends or distributed profits455,280,600,000


23 . 4. SharesClosing balanceOpening balance
Number of shares authorised to be issued273,172,668227,644,608
Number of shares sold out to the public273,172,668227,644,608
- Ordinary share273,172,668227,644,608
Number of repurchased shares
- Ordinary share
Number of shares outstanding273,172,668227,644,608
- Ordinary share273,172,668227,644,608
Par value of shares outstanding: 10,000 VND


23 . 5. FundsClosing balanceOpening balance
Investment and development fund76,041,216,79667,644,983,670
Enterprise reorganization assistance fund11,111,130,15710,714,897,031
Other funds11,111,130,15710,714,897,031
Welfare and reward fund19,198,314,25117,500,023,877
  1. OFF-BALANCE SHEET ACCOUNTS


Foreign currencyClosing balanceOpening balance
- USD2,712,532.161,937,549.39
- EUR3,883.62822.70
- HKD14,860.0014,860.00
- CNY22,947.6022,947.60
- THB5,150.005,150.00
- SGD6,694.004,277.00

25. OTHER FUNDS

Closing balanceOpening balance
Funding remaining at the end of the year10,263,385,10010,263,385,100

This is the source of funding provided by the Ministry of Science and Technology to the Company to implement the project "Improving technology and equipment for producing fishmeal and seasoning powder from pangasius by products".

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Year 2024

VI. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

Unit: VND

01. REVENUES FROM SALES AND SERVICES RENDERED

Current yearPrevious year
a) Revenues
Revenue from sales of pangasius2,774,946,673,6822,896,148,764,660
Revenue of fish meal, fish oil2,895,567,645,4082,885,221,271,975
Revenue from sales of feed1,417,780,638,0001,372,247,789,000
Revenues from services rendered53,565,470,42470,164,673,539
Revenue from properties240,720,000362,755,273
Total7,142,101,147,5147,224,145,254,447
b) Revenues from relevant entities
Related PartyRelationshipCurrent year
Sao Mai Group CorporationParent company48,250,820,000
02 . REVENUE DEDUCTIONS
Current yearPrevious year
Sales rebates582,031,5441,152,894,325
Sales returns4,745,722,3401,752,871,181
Total5,327,753,8842,905,765,506
03 . COST OF GOODS SOLD
Current yearPrevious year
Cost price of sales of pangasius2,511,093,280,2212,585,540,756,232
Cost price of fish meal, fish oil2,809,227,475,2222,770,965,183,269
Cost price of sales of feed1,206,491,761,0011,288,699,960,322
Cost price of services rendered51,369,705,31851,075,125,558
Costs price of properties97,920,000356,558,000
Reversal/(provision for devaluation of inventories)(307,120,895)
Total6,577,973,020,8676,696,637,582,772
04 . FINANCIAL INCOME
Current yearPrevious year
Interest income, loan interest134,042,739,188142,734,477,420
Exchange rate differential profit38,280,765,02241,208,421,003
Interest from dividends and distributed profits5,700,000,00011,400,000,000
Gain on sale of investments20,029,861,509
Sales interest on deferred payments, payment discounts1,203,365,6502,182,477,477
Total179,226,869,860217,555,237,409

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Year 2024


Unit: VND

05. FINANCIAL EXPENSES

Current yearPrevious year
Interest expenses309,079,691,970362,135,007,028
Foreign exchange losses48,253,156,19847,030,727,493
Others3,049,692,7552,514,952,664
Total360,382,540,923411,680,687,185

06. SELLING EXPENSES AND GENERAL ADMINISTRATION EXPENSES

Current yearPrevious year
06. 1. Selling expenses
Labor costs and staff costs8,221,126,6817,591,112,371
Depreciation362,544,094348,615,178
Transport cost112,480,429,90665,934,304,264
External services23,335,185,61323,981,944,569
Others44,396,745,28434,048,588,779
Total188,796,031,578131,904,565,161



06 . 2. General administration expenses
Labor costs and staff costs24,807,775,23229,885,617,120
Costs of tools, supplies479,739,422663,006,535
Depreciation4,007,498,6493,893,182,852
External services6,548,190,9566,866,862,541
Taxes, fees, charges44,761,088336,935,666
Others12,923,888,16914,870,029,918
Provision/Reversal of provisions for doubtful debts189,390,050(72,521,000)
Commercial advantage33,360,489,62533,360,489,628
Total82,361,733,19189,803,602,061



07. OTHER INCOME

Current yearPrevious year
Proceeds from disposals of fixed assets27,350,9081,529,211,836
Income from rental properties5,710,067,4769,051,173,814
Others5,763,509,0582,517,118,838
Total11,500,927,44213,097,504,488

Transactions between the Company and related parties during the year: See details in Note VIII.03

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Year 2024


08. OTHER EXPENSES

Unit: VND


Current yearPrevious year
Property rental expenses4,841,957,9744,894,988,278
Penalties2,034,237,2152,698,777,001
Others2,944,657,4387,101,591,685
Total9,820,852,62714,695,356,964

09. PRODUCTION AND BUSINESS COSTS BY ELEMENT

Current yearPrevious year
Packing material costs2,082,838,648,1462,664,739,675,418
Labor costs and staff costs315,629,000,855340,664,506,067
Depreciation107,626,572,785115,430,489,237
External services228,707,130,180177,534,282,888
Others116,056,504,002133,279,500,478
Total2,850,857,855,9683,431,648,454,088

10. CURRENT ENTERPRISE INCOME TAX EXPENSE

Current yearPrevious year
Tax expenses in respect of the current year taxable profit32,886,886,39433,257,411,909
Adjustment of tax expenses in the previous periods to the current year2,603,657,452558,849,321
Total35,490,543,84633,816,261,430

11. NOTES TO SEPARATE CASH FLOW STATEMENT

Current yearPrevious year ^★★
Profit attributable to common stockholders60,461,528,54257,765,947,119.60 ^BDT
Bonus and welfare fund extracted from after-tax profit2,000,000,000
Average number of common shares outstanding during the year244,064,564227,644,608
Basic earnings per share ()248245

12. DILUTED EARNINGS PER SHARE

Current yearPrevious year
Profit attributable to common stockholders60,461,528,54257,765,947,119
Bonus and welfare fund extracted from after-tax profit2,000,000,000
Average number of common shares outstanding during the year244,064,564227,644,608
Diluted earnings per share ()248245

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Year 2024

Unit: VND

VII. NOTES TO CONSOLIDATED CASH FLOW STATEMENT

  1. Non-monetary transactions affecting cash flows statement in the future: None
  1. Cash and cash equivalents held by the Company without use: None


3. Proceeds from borrowings during the fiscal yearCurrent yearPrevious year
- Proceeds from Ordinary contracts6,945,119,606,9009,019,461,007,283
- Proceeds from issuing ordinary bonds964,106,934,323
4. Payments on principal during the fiscal yearCurrent yearPrevious year
- Payments from Ordinary contracts6,884,837,267,9768,631,172,966,417



VIII. OTHER INFORMATION

  1. Potential debts, commitments and other financial information: none

02. Events occurring after the end of the year

The Board of Management confirmed that there has been no significant financial event occurring after 31/12/2024, which would require adjustments or disclosures to be made in the consolidated financial statements.

03. Relevant entity information

Key management members and related parties include: members of management board, members of board of general directors, and their intimate family members.

  • Income of the Board of Management and General Directors are:




Current yearPrevious year
Remuneration the board of director1,341,000,0001,228,800,000
Le Thanh ThuanChairman381,000,000424,800,000
Le Tuan AnhDeputy Chairman240,000,000240,000,000
Le Van ChungDeputy Chairman360,000,000324,000,000
Tong Phi HungMember120,000,000120,000,000
Dinh Van ThepMember (Retired on 22/04/2024)120,000,000
Le Van CanhMember (Appointed on 22/04/2024)120,000,000
Le Manh HuanMember (Appointed on 22/04/2024)120,000,000
Remuneration of the Supervisory Board108,000,000108,000,000
Tu Thien ThoaiSection head60,000,00060,000,000
Nguyen Thi Thanh LoanMember24,000,00024,000,000
Doan Nguyen Kim PhuongMember24,000,00024,000,000

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

Year 2024

Unit: VND


Current yearPrevious year
Salary2,283,746,7292,797,091,941
Le Van ChungExecutive President300,000,000
Le Van CanhExecutive President748,750,000712,049,230
Nguyen Thanh HaiExecutive Vice Presider546,575,000542,460,110
Vo Thi Minh TamExecutive Vice Presider663,900,000656,368,570
Le The TungExecutive Vice Presider315,380,970
Nguyen Duc PhuongChief Accountant324,521,729270,833,061

b. Transaction of other relevant entity

Related partyRelationships
+ Sao Mai group CorporationParent company
+ Sao Mai Super Feed Co., LtdSubsidiaries company of Sao Mai Group Corp.
+ Dong Thap Travel JSCSubsidiaries company of Sao Mai Group Corp.
+ An Giang Travel JSCSubsidiaries company of Sao Mai Group Corp.
+ Sao Mai Solar Trading Co., Ltd.Subsidiaries company of Sao Mai Group Corp.
+ Long An Europlast Solar Power Joint Stock CompanySubsidiaries company of Sao Mai Group Corp.



  • The significant transactions between the Company and related parties during this year are as follows:


Related partyTransaction contentCurrent yearPrevious year
+ Sao Mai group CorporationSales in year48,293,720,00051,712,579,100
- Exporting and selling frozen pangasius47,816,320,00051,227,479,100
- Entrusted export pangasius fee477,400,000485,100,000
Purchase in year283,874,550,069459,984,304,000
- Banquet and hotel booking services242,257,402
- Transfer of land use rights of Lap Vo project106,725,558,000
- Tan Long land rental cost661,666,667720,000,000
Temporary loan during the year138,500,000,000169,192,484,000
- Temoraty loan138,500,000,000169,192,484,000
Borrow in year2,900,000,0007,076,889,000
- Temoraty borrow2,900,000,0007,076,889,000
Pay in the year85,313,000
- Banquet and hotel booking services85,313,000
Loan during the year912,200,000,000752,300,000,000
- Lending to mobilize capital912,200,000,000752,300,000,000



NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Year 2024

Unit: VND

  • The significant transactions between the Company and related parties during this year are as follows: (Continue)


Related partyTransaction contentCurrent yearPrevious year
+ Sao Mai group CorporationCollect money during the year1,564,171,140,000844,726,675,055
- Loan interest income56,271,140,00046,034,191,055
- Loan repayment1,369,400,000,000629,500,000,000
- Refund of temporary loan138,500,000,000169,192,484,000
Others52,283,691,26853,193,427,852
- Entrusted export pangasius51,127,390,70052,929,530,652
- Receive on behalf delivery expenses1,156,300,568263,897,200
+ Sao Mai Super Feed Co., LtdSales in year36,058,225,50021,647,656,150
- Money from selling fish meal32,519,853,00018,055,894,000
- Rental price of twin shaft extruder2,851,200,0003,008,400,000
- Money from selling clean water687,172,500583,362,150
Temporary loan during the year15,000,000,00069,000,000,000
- Temporary loan during the year15,000,000,00069,000,000,000
Collecting money in the year57,889,230,50083,816,651,150
- Collecting property Rental fees, selling clean water3,538,372,5003,591,762,150
- Collect Money from selling fish meal39,350,858,00011,224,889,000
- Refund of temporary loan15,000,000,00069,000,000,000
Purchase of the year6,534,000,0005,227,200,000
- Have to pay office rent6,534,000,0005,227,200,000
Pay in the year6,534,000,0005,227,200,000
- Have to pay office rent6,534,000,0005,227,200,000
+ An Giang Travel JSCSales of the year120,000,000120,000,000
- Rent of the property120,000,000120,000,000
Collecting money in the year150,000,00090,000,000
- Collection of property rental fees150,000,00090,000,000
Purchase of the year1,217,969,885624,723,000
- Hotel services, banquet reservations, bottled water, airline tickets1,217,969,885624,723,000
Pay in the year1,097,901,485624,723,000
- Hotel services, banquet reservations, bottled water, airline tickets1,097,901,485624,723,000

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Year 2024

Unit: VND

  • The significant transactions between the Company and related parties during this period are as follows: (Continue)


Related partyTransaction contentCurrent yearPrevious year
Purchase of the year1,004,628,200497,470,700
+ Dong Thap Travel JSC- Party booking service, plane ticket1,004,628,200497,470,700
Payable in year1,006,038,200497,470,700
- Party booking service, plane ticket1,006,038,200497,470,700
Other5,700,000,00011,400,000,000
- Dividends5,700,000,00011,400,000,000
Purchases during the year427,308,200
- Solar batteries427,308,200
Pay in the year427,308,200
- Solar batteries427,308,200

The debt situation between the Company and related parties are as follows:

TRADE RECEIVABLES


Related partyTransaction contentClosing balanceOpening balance
+ Sao Mai Super Feed Co., Ltd- Loans to raise capital457,200,000,000
+ An Giang Travel JSC- Leasing assets30,000,000
+ Sao Mai Super Feed Co., Ltd- Fish meal sale6,831,005,000

TRADE PAYABLES

Related partyTransaction contentClosing balanceOpening balance
+ Dong Thap Travel JSC+ Sao Mai group Corporation+ An Giang Travel JSC- Banquet reservations, airline tickets, hotels- Banquet and hotel booking services- Hotel services, banquet reservations, bottled water, airline tickets490,000156,944,402130,467,8001,900,000

OTHERS PAYABLES

Related partyTransaction contentClosing balanceOpening balance
+ Sao Mai Super Feed Co., Ltd- Other9,976,889,0007,076,889,000

I.D.I INTERNATIONAL DEVELOPMENT AND INVESTMENT CORPORATION 80 street, industrial clusters Vam Cong, Lap Vo district, Dong Thap province.


NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS


ItemDomesticForeignTotalDomesticForeignTotal
Net external sales4,735,345,323,1762,401,428,070,4547,136,773,393,6304,605,826,077,9752,615,413,410,9667,221,239,488,941
Net inter-segment sales
Total net sales4,735,345,323,1762,401,428,070,4547,136,773,393,6304,605,826,077,9752,615,413,410,9667,221,239,488,941
Segment financial performance254,448,848,189304,351,524,574558,800,372,763186,977,582,585337,624,323,584524,601,906,169
Expenses not attributable to segments(271,157,764,769)(221,708,167,222)
Operating profit287,642,607,994302,893,738,947
Financial income179,226,869,860217,555,237,409
Financial expense(360,382,540,923)(411,680,687,185)
Other income11,500,927,44213,097,504,488
Other expenses(9,820,852,627)(14,695,356,964)
Current enterprise income tax expense(35,490,543,846)(33,816,261,430)
Deferred enterprise income tax expense
Profits after enterprise income tax72,676,467,90073,354,175,265
Total expenses on acquisition of fixed assets and other non-current assets.35,749,274,2509,089,373,624
Total depreciation and allocation of long-term prepayments.111,891,444,770118,300,006,389




NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS


I.D.I INTERNATIONAL DEVELOPMENT AND INVESTMENT CORPORATION 80 street, industrial clusters Vam Cong, Lap Vo district, Dong Thap province.


  • Assets and liabilities


1725 NG T NHH UTU HKE MTO A NAN HO 1296 TY OAUT TRIEN GIA LI


ItemClosing balanceOpening balance
DomesticForeignTotalDomesticForeignTotal
Segment assets2,044,537,023,492284,151,656,9742,328,688,680,4662,002,491,948,623199,511,284,8212,202,003,233,444
Assets not attributable to segments7,048,691,328,6256,075,445,028,699
Total2,044,537,023,492284,151,656,9749,377,380,009,0912,002,491,948,623199,511,284,8218,277,448,262,143
Segment liabilities325,860,611,32839,801,906,754365,662,518,082317,553,147,08936,575,996,415354,129,143,504
Liabilities not attributable to segments5,519,484,410,0344,501,762,505,564
Total325,860,611,32839,801,906,7545,885,146,928,116317,553,147,08936,575,996,4154,855,891,649,068
b. The business field segment
Current year
ItemManufacturing and processing pangasiusFish meal, fish fatRevenue from sales of feed mealOtherTotal
Net external sales2,769,618,919,7982,895,567,645,4081,417,780,638,00053,806,190,4247,136,773,393,630
Segment assets1,992,364,256,7871,060,369,971,8601,017,316,754,2915,307,329,026,1539,377,380,009,091
Total costs incurred to purchase fixed assets and other long-term assets35,749,274,250
Previous year
ItemManufacturing and processing pangasiusFish meal, fish fatRevenue from sales of feed mealOtherTotal
Net external sales2,893,242,999,1542,885,221,271,9751,372,247,789,00070,527,428,8127,221,239,488,941
Segment assets2,382,163,880,6371,032,135,369,320722,485,657,4824,140,663,354,7048,277,448,262,143
Total costs incurred to purchase fixed assets and other long-term assets9,089,373,624

L.D.I INTERNATIONAL DEVELOPMENT AND INVESTMENT CORPORATION 80 street, industrial clusters Vam Cong, Lap Vo district, Dong Thap province.


NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

  1. Financial risk management

a. Credit risk

Credit risk is the risk that counterparty will not meet its obligations under a financial instrument or customer contract, leading to a financial loss.

The Company is exposed to credit risk from its operating activities (primarily for trade receivables) and from its financing activities, including deposits with banks, foreign exchange transactions and other financial instruments.

  • Trade receivables

The Company minimizes credit risk by dealing only with the customers that have good financial resources. Besides, the accountants follow up the account receivables regularly to speed up the recovery. Trade receivables of the Company are related to various entities and therefore the credit risk exposed from trade receivables is low.

Most of the Company's cash in bank is in the large and trusted banks in Vietnam. Credit risk to this balance at the bank is managed by the treasury department of the Company in accordance with Company policy. The Company does not realize any material credit risk to this cash in bank.

is the risk that the Company will have difficulty fulfilling its financial obligations due to lack of capital

The Board of Directors is responsible for managing liquidity risk. The most major payables are secured by deposits, receivables and short-term assets. The Company did not perform a sensitive analysis on liquidity risks because concentration on liquid risks are low.

The Company's approach to control this risk: regularly following up the currency payment requests as well as estimated payment requests in the future to maintain an appropriate amount of cash and loans, supervising the cash flows actually arisen in comparison with estimation to minimize the effect of the changes in the cash flows to the Company.




I.D.I INTERNATIONAL DEVELOPMENT AND INVESTMENT CORPORATION 80 street, industrial clusters Vam Cong, Lap Vo district, Dong Thap province.


NOTES TO THE CONSOLIDATED FINANCIAL STATEMENT


Year 2024


The below table summarizes the maturity profile of the Company's financial liabilities based on contractual discounted payments:
Ending balanceUnder 1 year01 - 05 yearsOver 5 years
Trade payables206,744,965,778206,744,965,778
Advances from customers135,853,818,947135,853,818,947
Borrowings and debts4,268,828,358,6991,150,868,492,5265,419,696,851,225
Accrued expenses19,400,802,76219,400,802,762
Other payables29,232,760,13829,232,760,138
Total4,660,060,706,3241,150,868,492,5265,810,929,198,850




NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Year 2024

Unit: VND

c. Market risk

Market risk is the risk that the fair value or cash flows in the future of a financial instrument will fluctuate due to changes in the market prices. The market risks include foreign currency risk, interest risk and material price risk. Financial instruments affected by market risk include loans, common bonds, convertible bonds, deposits and financial investments.

The sensitivity analyses below are on the basis of net debt value, the ratio between debt at fixed interest rates and loans at floating interest rates unchanged.

- Foreign currency risk

Foreign currency risk is the risk that the fair value or cash flows of a financial instrument will fluctuate due to changes in exchange rate.

The company exports its products with mostly USD of currency traded, thus being affected by the volatility of the exchange rate.

The net assets / (liabilities) are denominated in foreign currencies of the Company as follows: USD




ItemClosing balanceOpening balance
Cash and cash equivalents2,712,5321,937,540 VAV
Trade receivables and Other receivables11,218,0408,268,922 TOAN
Trade payables and Other payables(81,586)(207,214)M
Borrowings and finance lease liabilities(54,260,382)(28,231,583)
Net monetary assets/(liabilities)(40,411,396)(18,232,326)

CÔNG TY

Below is a breakdown of the possible impacts on the Company's net profit after considering the current exchange rate and historical volatility as well as market expectations in the future. This analysis is based on the assumption that PAY TRIE other variables will not change, especially interest rates, and ignore the effects of sales forecasts and borrowing.


Effect on profit before tax
Closing balanceOpening balance. T. DO
USD (2% strengthening)(20,721,102,605)(8,977,243,083)
USD (2% weakening)20,721,102,6058,977,243,083
  • Interest rate risk

Interest rate risk is the risk that the fair value or cash flows of a financial instrument will fluctuate due to changes in market interest rates.

The Company's interest rate risk relates to term deposits and loans at floating interest rates.

The Company controls the interest rate risk by analyzing the market situation on order to give best rate.

The Company did not perform a sensitive analysis on interest rate risk because changes in interest rates at the reporting date are not insignificant.

  • Share price risk:

+ Stock price risk

The listed and non-listed shares are affected by the market risk arising from uncertainty value in the future, hence provisions for investment have increased or decreased. The Company manages the price risk by setting investment limit. The Board of Directors also considers and approves investment decision in shares.

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

Year 2024

Unit: VND

The Company will analyze and present the sensitivity due to the impact of fluctuation in share price to operating results when they have instructions by the Authorities.

+ Real estate price risks

The Company has identified the following risks related to the Company's real estate portfolio:

The cost of development projects may increase if there are delays in the planning process. To mitigate this risk, the Company engages consultants who specialize in specific planning requirements within the project scope to reduce risks that may arise during the planning process.

Fair value risk of real estate portfolio due to market and buyer fundamentals.

d. Collaterals

- Collaterals to Other entities

The Company has used term deposits, accounts receivables, inventories, tangible fixed assets and land use rights as collateral for loans from the Bank. The book value of the collateral is as follows:


Closing balanceOpening balance
Fixed - Term Deposit878,182,500,000500,852,500,000
Inventories1,099,021,697,3271,490,697,864,040
Tangible fixed assets374,341,136,791392,684,675,739
Land use rights141,383,559,963145,970,351,135
Investment properties203,601,135,270207,535,277,257
  • Collaterals from Other entities

The Company does not hold any collateral of other entities as of 31/12/2024 and 31/12/2023.

06. Going-concern assumption

No events had been caused to make serious doubts about the operating continuously and the Company does not intend and are forced to stop working, or significantly narrowed scale of operation.

07. Comparative figures

The comparative figures are those taken from the separate financial statements for the year ended 31 December 2023 which were reviewed by Southern Auditing and Accounting Financial Consulting Services Limited Company (AASCs).



Chief Accountant



VU THI LE


NGUYEN DUC PHUONG


Dong Thap, March 24th, 2025 On behalf of the Board of Management

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