Assets 2019 2018

Current Assets 20,484,260,858 13,023,101,912 7,461,158,946 57.29%

Cash and Cash equivalents 414,899,618 420,153,416 5,253,798.00 -1.25%
Financial assets at fair value through profit or loss 15,998,957,924 14,405,323,971 1,593,633,953.00 11.06%
Receivable 24,374,509,971 22,085,770,041 2,288,739,930.00 10.36%
Inventories 8,284,112.00 -1.12%
733,435,525 741,719,637
Biological assets 895,097,139.00 -23.97%
2,838,568,366 3,733,665,505
Other current assets 10,434,897,780.00 19.18%
64,844,632,262 54,409,734,482

Noncurrent Assets
Property, plant and equipment 54,626,409,715 54,626,409,715 0.00%
Right-of-use assets -93.04%
3,613,579,513 51,950,316,266 48,336,736,753.00
Biological assets
224,128,072 366,184,414 142,056,342.00 -38.79%

Goodwill 31,194,495,817 31,194,495,817 0.00 0.00%

Intangible assets -0.49%
11,673,128,525 11,730,260,354 57,131,829.00
Investments in joint ventures -19.06%
421,625,100 520,917,509 99,292,409.00
Deferred tax assets 217.24%
620,165,818 195,485,985 424,679,833.00
Other noncurrent assets -8.51%
1,434,825,051 1,568,318,583 133,493,532.00
6.44%
103,808,357,611 97,525,978,928 6,282,378,683.00

Total Assets 16,717,276,463.00 11.00%

168,652,989,873 151,935,713,410
Liabilities and equity 2019 2018
Current Liabilities
Accounts payable and other accrued liabilities -6.45%
21,297,748,872 22,766,759,527 (1,469,010,655.00)
Short-term debts 56.35%
3,848,485,273 2,461,385,106 1,387,100,167.00
Trust receipts payable 45.31%
8,747,355,847 6,019,613,469 2,727,742,378.00
Income tax payable -25.69%
535,595,909 720,742,396 (185,146,487.00)
Least liabilities – current portion 504,164,127
9.27%
34,933,350,028 31,968,500,498 2,964,849,530.00
Noncurrent liabilities
Long-term debts -3.40%
30,386,077,608 31,457,123,882 (1,071,046,274.00)
Deferred tax liabilities -8.24%
3,880,163,558 4,228,752,279 (348,588,721.00)
Lease liabilities – net of current portion 3,216,854,082
Other noncurrent liabilities 764,184,922.00 265.47%
1,052,042,403 287,857,481
2,561,404,009.00 7.12%
38,535,137,651 35,973,733,642
5,526,253,539.00 8.13%
73,468,487,679 67,942,234,140
Equity
Equity attributable to equity holders of the parent
Paid-up capital 23,422,134,732 23,422,134,732 0.00%
Retained earnings 4.48%
66,644,456,817 63,789,482,388 2,854,974,429.00
Other comprehensive income 38.33%
3,229,388,251 2,334,566,528 894,821,723.00
Equity reserve (2,665,824,256) (5,075,466,405) 2,409,642,149.00 -47.48%
 Treasury shares (679,489,868) (679,489,868) 0.00 0.005
6,159,438,301.00 7.35%
89,950,665,676 83,791,227,375
Equity Attributable to non-controlling interest 5,031,584,623.00 2487.78%
5,233,836,518 202,251,895
11,191,022,924.00 13.32%
95,184,502,194 83,993,479,270
Total Liabilities and Equity 16,717,276,463.00 11.00%
168,652,989,873 151,935,713,410

2019 2018 2017

Sales of goods and services 134,174,527,579 127,769,949,329 125,007,824,013 5.01% 2.21%
Cost of sales 93,861,929,762 90,332,569,341 85,693,355,234 3.91% 5.41%
Gross profit 40,312,597,817 37,437,379,988 39,314,468,779 7.68% -4.77%
Selling and Distribution cost (19,827,312,084) (18,719,558,853) (19,250,876,212) 5.92% -2.76%
General and administrative expenses (5,473,328,075) (5,337,208,345) (5,111,425,807) 2.55% 4.42%
Operating income 15,011,957,658 13,380,612,790 14,952,166,760 12.19% -10.51%
Finance cost (1,669,869,069) (1,661,700,393) (1,427,329,826) 0.49% 16.42%
Net foreign exchange gains (557,668,047) (174,658,640) 154,190,672 219.29% -213.27%
Finance revenue 327,611,502 359,281,191 225,582,853 -8.81% 59.27
Equity in net losses of joint ventures (158,602,482) (132,407,965) (280,533,323) 19.78% -52.80%
Market valuation gain (loss) on financial assets and (5,253,797) (35,424,289) 71,016,151 -85.17% -149.88%
liabilities at fair value through profit or loss
Provision for credit and impairment losses (2,211,403) (45,001,536) (21,423,202) -95.09% 110.06%
Other income (loss) – net (1,049,552,732) (145,821,109) 276,737,549 619.75% -152.69%
Income before income tax 11,896,411,630 11,544,880,049 13,950,407,634 3.04% -17.24%
Provision for income tax 1,781,727,853 2,082,093,827 2,797,486,301 -14.43% -25.57%
Net income 10,114,683,777 9,462,786,222 11,152,921,333 6.89% -15.15%
Net Income Attributable to:
Equity holders of the parent 9,772,121,586 9,204,306,540 10,888,080,693 6.17% -15.46%
Non-controlling interest 342,562,191 258,479,682 264,840,640 32.53% -2.40%
10,114,683,777 9,462,786,222 11,152,921,333 6.89% -15.15%
Earnings per share
Basic/diluted, for income attributable to equity 4.43 4.18 4.94 5.98% -15.38%
holders of the parent

2019 2018 2017

Net Income 10,114,683,777 9,462,786,222 11,152,921,333 6.89% -15.15%
Other comprehensive income (loss)
Items to be reclassified to profit or loss in subsequent
Periods net of tax:
Cumulative translation adjustments 1,197,749,346 1,630,309,574 (1,392,324,892) -26.53% -217.09%
Unrealized loss on cash flow hedge (4,600,119) (3,336,554) (11,359,659) 37.87% -70.63%
Unrealized gain on available-for-sale financial assets 2,950,000 - -100.00%
1,193,149,227 1,626,973,020 (1,400,734,551) -26.66% -216.15%
Items not to be reclassified to profit or loss in subsequent
Periods:
Remeasurement gains on defined benefit (471,116,684) 300,219,467 39,544,208 -256.92% 659.20%
Income tax effect 41,335,005 (90,065,840) (11,863,262) -145.89% 659.20%
Unrealized gain on financial assets at fair value through 25,990,000 4,320,000 501.62% 0.00%
Other comprehensive income
(303,791,679) 214,473,627 27,680,946 -241.65% 674.81%
Other comprehensive income (loss) 889,357,548 1,841,446,647 (1,373,053,605) -51.70% -234.11%

Total comprehensive income 11,004,041,325 11,304,232,869 9,779,867,728 -2.66% 15.59%

Total comprehensive income attributable to:

Equity holders of the parent 10,666,943,309 11,046,721,446 9,512,498,099 -3.44% 16.13%
Non-controlling interest 337,098,016 257,511,423 267,369,629 30.91% -3.69%

11,004,041,325 11,304,232,869 9,779,867,728 -2.66% 15.59%