STEMHOUSE EDUCATION JOINT STOCK COMPANY

FINANCIAL STATEMENTS
BALANCE SHEET
As at
FY 31/12/2020 31/12/2019 31/12/2018
Unit VND Million VND Million VND Million
A. CURRENT ASSETS 4,815.79 3,599.37 8,606.06
I. Cash and cash equivalents 2,883.74 654.95 6,200.57
II. Short-term financial investments - - -
III. Accounts receivable – short-term 147.18 429.82 505.60
Trade receivables - 13.44 -
Prepayments to suppliers 13.80 - 90.40
Other receivables 133.38 416.38 415.21
IV. Inventories 716.53 834.35 692.67
Inventories 716.53 834.35 692.67
V. Other current assets 1,068.35 1,680.24 1,207.21
Deductible value added tax - 0.29 -
Other current assets 1,068.35 1,679.95 1,207.21
B. NON-CURRENT ASSETS 21,287.97 21,453.34 198.57
I. Accounts receivable – long-term 85.85 51.76 55.48
Other long-term receivables 85.85 51.76 55.48
II. Fixed assets 21,202.12 21,401.58 143.09
- Cost 21,606.52 21,555.35 148.85
- Accumulated depreciation (404.40) (153.77) (5.76)
III. Investment properties - - -
V. Long-term investments - - -
TOTAL ASSETS 26,103.76 25,052.71 8,804.63
C. LIABILITIES 18,213.27 19,978.00 4,700.27
I. Current liabilities 5,664.02 3,337.75 4,700.27
Short-term trade payables 145.59 172.84 -
Statutory obligations 226.47 265.86 229.17
Payables to employees 1,639.71 1,669.48 1,098.96
Other ST payables 3,652.25 1,229.57 3,372.13
II. Non-current liabilities 12,549.25 16,640.25 -
Long-term loans and finance lease obligations 12,549.25 16,640.25 -
D. OWNERS’ EQUITY 7,890.49 5,074.70 4,104.36
Contributed capital 3,000.00 3,000.00 3,000.00
Retained earnings 4,890.49 2,074.70 1,104.36
TOTAL RESOURCES 26,103.76 25,052.71 8,804.63
INCOME STATEMENT
For the year ended
FY 31/12/2020 31/12/2019 31/12/2018
Unit VND Million VND Million VND Million
Revenue from sales of goods and provision of services 23,472.27 26,603.65 19,194.81
Revenue deductions - - -
Net revenue 23,472.27 26,603.65 19,194.81
Cost of sales 5,115.84 7,461.30 5,763.55
Gross profit/(loss) 18,356.42 19,142.35 13,431.26
Financial income 1.16 2.49 1.23
Financial expenses 1,197.46 737.24 -
- In which: Interest expense - - -
Selling & administration expense 13,913.44 17,043.55 11,753.43
Net operating profit/(loss) 3,246.68 1,364.06 1,679.06
Other income - - -
Other expenses - - -
Results of other activities - - -
Accounting profit/(loss) before tax 3,246.68 1,364.06 1,679.06
Income tax expense 463.39 324.63 335.81
Net profit/(loss) after tax 2,783.29 1,039.42 1,343.25
CASH FLOW STATEMENT
For the year ended
FY 31/12/2020 31/12/2019 31/12/2018
Unit VND Million VND Million VND Million
Proceeds from sales and services rendered and other 26,779.30 24,246.08 22,932.27
revenues
Expenditures paid to suppliers (5,707.63) (8,966.51) (9,918.76)
Expenditures paid to employees (12,278.11) (11,861.83) (7,660.46)
Interest paid (939.55) (737.24) -
Corporate income tax paid (1,200.19) (1,976.07) (1,615.41)
Other cash inflows from operating activities 951.22 551.90 40.06
Other cash outflows from operating activities (885.98) (1,789.14) -
Net cash flow from (used in) operating activities 6,719.05 (532.80) 3,777.70
Purchases of fixed assets and other non- current assets (425.22) (6,745.57) -
Investments in other entities 1.16 2.49 1.23
Net cash flow from (used in) investing activities (424.06) (6,743.07) 1.23
Proceeds from borrowings 3,900.00 4,600.00 -
Payments to settle loan principals & finance lease liabilities (7,966.21) (2,869.75) -
Net cash flow from (used in) financing activities (4,066.21) 1,730.25 -
Net increase/(decrease) in cash and cash equivalents 2,228.78 (5,545.62) 3,778.93
Cash and cash equivalents at the beginning of the period 654.95 6,200.57 2,421.64
Cash and cash equivalents at the end of the period 2,883.74 654.95 6,200.57