Summary of 2Q2013 consolidated financial statements

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30/06/2014

Saigon Securities Incorporation	B01a-CTCK
CONSOLIDATED BALANCE SHEET
As of 30 Jun 2013
Currency: VND
ASSETS	Code	Notes	30 Jun 2013	31 Dec 2012
A. CURRENT ASSETS	100	5,730,578,300,631	4,837,002,006,608
I. Cash and cash equivalents	110	2,911,158,821,790	1,947,090,450,986
1. Cash in hand	111	VI.01	1,095,998,821,790	806,860,450,986
In which:
investors' deposit for securities investment	931,934,049,720	695,231,794,713
2. Cash equivalents	112	1,815,160,000,000	1,140,230,000,000
II. Short - term financial assets	120	2,194,252,055,905	2,097,809,872,532
1. Short-term investments	121	VI.02	2,365,319,122,469	2,292,163,797,759
2. Provision for short-term investments	129	VI.02	(171,067,066,564)	(194,353,925,227)
III. Short term receivables	130	614,887,043,919	784,596,795,412
1. Receivables from customers	131	VI.09	385,096,787,539	500,024,123,162
2. Advances to suppliers	132	VI.11	4,995,744,682	4,092,973,299
3. Short-term internal receivables	133	-	-
4. Receivables from securities trading activities	135	VI.09	778,760,963	7,317,649,764
5. Other receivables	138	VI.09	281,383,297,310	339,346,884,820
6. Provision for doubtful receivables	139	VI.12	(57,367,546,575)	(66,184,835,633)
IV. Inventories	140	-	-
V. Other current assets	150	10,280,379,017	7,504,887,678
1. Pre-paid expenses	151	7,277,625,550	5,092,189,783
2. Value-added tax deductable	152	62,388,698	119,318,128
3. Tax and statutory obligations	154	-	464,966,248
4. Government bonds trading	157	-	-
5. Other current assets	158	2,940,364,769	1,828,413,519
B. NON-CURRENT ASSETS	200	3,297,950,828,317	3,143,873,895,267
I. Long-term receivables	210	0	-
1. Long-term receivables from customers	211	-	-
2. Capital at subsidiaries	212	-	-
3. Long-term internal receivables	213	-	-
4. Other long-term receivables	218	0	-
5. Provision for long-term investments devaluation	219	-	-
II. Fixed assets	220	140,788,713,559	145,252,092,780
1. Tangible fixed assets	221	VI.05	23,112,549,960	24,094,347,697
Cost	222	81,140,370,996	96,015,355,706
Accumulated depreciation	223	(58,027,821,036)	(71,921,008,009)
2. Leased fixed assets	224	-	-
Cost	225	-	-
Accumulated depreciation	226	-	-
3. Intangible fixed assets	227	VI.07	117,676,163,599	121,157,745,083
Cost	228	156,230,871,526	156,277,513,279
Accumulated amortization	229	(38,554,707,927)	(35,119,768,196)
4. Construction in progress	230	-	-
Consolidated Balance Sheet (continued)
ASSETS	Code	Notes	30 Jun 2013	31 Dec 2012
III. Investment properties	240	VI.06	265,075,344,628	269,347,115,777
Cost	241	283,612,736,520	283,612,736,520
Accumulated depreciation	242	(18,537,391,892)	(14,265,620,743)
IV. Long-term financial investments	250	2,811,255,960,655	2,646,569,834,634
1. Investments in subsidiaries	251	-	-
2. Investments in associates and joint-ventures	252	VI.03	1,360,430,683,510	1,216,460,435,248
3. Long-term securities investments	253	1,050,264,035,447	1,056,730,351,972
Available - for - sales	254	1,050,264,035,447	1,056,730,351,972
Held - to - maturity	255	-	-
4. Other long-term investments	258	VI.02	548,616,990,000	548,616,990,000
5. Provision for long-term investmenets	259	VI.02	(148,055,748,303)	(175,237,942,586)
V. Other non-current assets	260	80,830,809,475	82,704,852,076
1. Long-term pre-paid expenses	261	VI.04	4,380,059,998	8,861,760,393
2. Deffered income tax assets	262	52,795,574,471	52,687,916,677
3. Payment for Settlement Assistance Fund	263	VI.08	17,482,911,796	14,982,911,796
4. Other long-term assets	268	6,172,263,210	6,172,263,210
VI. Goodwill	269	-	-
TOTAL ASSETS	270	9,028,529,128,948	7,980,875,901,875
Consolidated Balance Sheet (continued)
RESOURCES	Code	Notes	30 Jun 2013	31 Dec 2012
A. LIABILITIES	300	3,862,124,169,812	2,705,603,684,581
I. Current liabilities	310	3,842,334,305,663	2,677,707,415,060
1. Short-term borrowings	311	VI.11	-	357,728,021,077
2. Payables to suppliers	312	800,953,157	10,237,833,415
3. Advanced from customers	313	VI.14	112,784,567,807	99,049,773,750
4. Statutory obligations	314	VI.15	20,248,574,476	18,718,850,445
5. Payables to employees	315	18,887,140	53,077,997
6. Accrued expenses	316	VI.13	21,265,488,429	9,183,790,553
7. Interal payables	317	-	-
8. Other short-term payables	319	VI.17	2,331,325,850,505	1,189,788,103,106
9. Payables to securities trading activities	320	VI.16	905,501,009,485	911,725,652,287
10. Dividend, principle and interest payables	321	VI.18	358,082,024,095	4,474,923,850
11. Payables to securities issuers	322	605,427,160	605,427,160
12. Bonus and welfare fund	323	90,507,806,698	75,065,576,088
13. Government Bonds trading	327	-	-
14. Short-term unearned revenue	328	1,193,716,711	1,076,385,332
15. Provision for short-term payables	329	-	-
II. Non-current liabilities	330	19,789,864,149	27,896,269,521
1. Long-term payables to sellers	331	-	-
2. Long-term internal payables	332	-	-
3. Other long-term payables	333	869,951,185	743,715,145
4. Long-term loans	334	-	-
5. Deferred income tax payables	335	18,919,912,964	27,152,554,376
6. Provisions for termination allowance	336	-	-
7. Provisions for Long-term payables	337	-	-
8. Long-term unearned revenue	338	-	-
9. Science and technology development fund	339	-	-
10. Provision for investors' compensation	359	-	-
B. EQUITY	400	VI.19	5,083,031,810,022	5,191,573,047,865
I. Owners' equity	410	5,083,031,810,022	5,191,573,047,865
1. Charterd capital	411	3,537,949,420,000	3,526,117,420,000
2. Share premium	412	344,944,356,378	340,921,476,378
3. Other owners' capital	413	(2,719,800,818)	(2,605,677,770)
4. Treasury shares	414	(89,246,317,760)	(89,246,186,000)
5. Differences upon assets revaluation	415	-	-
6. Foreign exchange differneces reserve	416	-	-
7. Investment and development fund	417	-	-
8. Financial and statutory reserves	418	335,813,119,252	289,383,181,436
9. Other funds belonging to owners' equity	419	-	-
10. Undistributed earnings	420	956,291,032,970	1,127,002,833,821
C. NON-CONTROLLING INTERESTS	430	83,373,149,114	83,699,169,429
TOTAL LIABILITIES AND OWNERS' EQUITY	440	9,028,529,128,948	7,980,875,901,875
OFF BALANCE SHEET ITEMS
Currency: VND
ITEMS	Code	Notes	30-Jun-13	31-Dec-12
1. Leased fixed assets	1	-	-
2. Pledged materials and valuable papers	2	-	-
3. Security assets	3	-	-
4. Bad debt written off	4	-	-
5. Foreign currencies	5	-	-
6. Custody securities	6	12,586,512,260,000	13,269,603,970,000
6.1. Tradable securities	7	10,930,084,780,000	11,763,352,280,000
6.1.1. Tradable securities of custody members	8	950,066,880,000	1,271,769,300,000
6.1.2. Tradable securities of local investors	9	8,300,619,630,000	8,854,342,330,000
6.1.3. Tradable securities of foreign investors	10	1,679,398,270,000	1,637,240,650,000
6.1.4. Tradable securities of other entities	11	-	-
6.2. Temporarily untradable securities	12	95,192,520,000	179,044,560,000
6.2.1. Temporarily untradable securities of custody members	13	-	300,000,000
6.2.2. Temporarily untradable securities local investors	14	94,647,520,000	173,199,560,000
6.2.3. Temporarily untradable securities foreign investors	15	545,000,000	5,545,000,000
6.2.4. Temporarily untradable securities of other entities	16	-	-
6.3. Mortgaged securities	17	710,269,260,000	646,344,340,000
6.3.1. Mortgaged securities of custody members	18	-	-
6.3.2. Mortgaged securities of local investors	19	710,269,260,000	646,344,340,000
6.3.3. Mortgaged securities of foreign investors	20	-	-
6.3.4. Mortgaged securities of other entities	21	-	-
6.4. Suspended securities	22	-	-
6.4.1. Suspended securities of custody customers	23	-	-
6.4.2. Suspended securities of local investors	24	-	-
6.4.3. Suspended securities of foreign investors	25	-	-
6.4.4. Suspended securities of other entities	26	-	-
6.5. Securities awaiting for settlement	27	224,900,300,000	169,698,350,000
6.5.1. Securities awaiting for settlement of custody customers	28	247,000,000	-
6.5.2. Securities awaiting for settlement of local investors	29	213,706,100,000	164,999,950,000
6.5.3. Securities awaiting for settlement of foreign investors	30	10,947,200,000	4,698,400,000
6.5.4. Securities awaiting for settlement of other entities	31	-	-
6.6. Isolated securities waiting for withdrawal	32	-	-
6.6.1. Isolated securities waiting for withdrawal of custody customers	33	-	-
6.6.2. Isolated securities waiting for withdrawal of local investors	34	-	-
6.6.3. Isolated securities waiting for withdrawal of foreign investors	35	-	-
6.6.4. Isolated securities waiting for withdrawal of other entities	36	-	-
6.7. Securities awaiting for trading	37	626,065,400,000	511,164,440,000
6.7.1. Securities awaiting for trading of custody customers	38	-	-
6.7.2. Securities awaiting for trading of local investors	39	616,388,590,000	506,797,630,000
6.7.3. Securities awaiting for trading of foreign investors	40	9,676,810,000	4,366,810,000
6.7.4. Securities awaiting for trading of other entities	41	-	-
OFF BALANCE SHEET (CONTINUED)
ITEMS	Code	Notes	30-Jun-13	31-Dec-12
6.8. Securities collateralized for borrowings	42	-	-
6.8.1. Securities collateralized for borrowings of custody customers	43	-	-
6.8.2. Securities collateralized for borrowings of local investors	44	-	-
6.8.3. Securities collateralized for borrowings of foreign investors	45	-	-
6.8.4. Securities collateralized for borrowings of other entities	46	-	-
6.9. Securities used to correct trading errors	47
7. Custody securities of unlisted public company	50	989,865,190,000	839,705,300,000
In which:	-
7.1. Tradable securities	51	899,609,750,000	794,415,700,000
7.1.1. Tradable securities of custody members	52	9,472,790,000	9,482,930,000
7.1.2. Tradable securities of local investors	53	858,059,240,000	757,037,570,000
7.1.3. Tradable securities of foreign investors	54	32,077,720,000	27,895,200,000
7.1.4. Tradable securities of other entities	55	-	-
7.2. Temporarily untradable securities	56	57,237,000,000	7,995,000,000
7.2.1. Temporarily untradable securities of custody members	57	1,000,000,000	1,000,000,000
7.2.2. Temporarily untradable securities local investors	58	56,237,000,000	6,995,000,000
7.2.3. Temporarily untradable securities foreign investors	59	-	-
7.2.4. Temporarily untradable securities of other entities	60	-	-
7.3. Mortgaged securities	61	32,580,440,000	32,580,440,000
7.3.1. Mortgaged securities of custody members	62	-	-
7.3.2. Mortgaged securities of local investors	63	32,580,440,000	32,580,440,000
7.3.3. Mortgaged securities of foreign investors	64	-	-
7.3.4. Mortgaged securities of other entities	65	-	-
7.4. Temporarily held securities	66	-	-
7.4.1. Temporarily held securities of custody members	67	-	-
7.4.2. Temporarily held securities of local investors	68	-	-
7.4.3. Temporarily held securities of foreign investors	69	-	-
7.4.4. Temporarily held securities of other entities	70	-	-
7.5. Securities awaiting for settlement	71	438,000,000	4,714,160,000
7.5.1.Securities awaiting for settlement of custody members	72	-	-
7.5.2.Securities awaiting for settlement of local investors	73	438,000,000	4,714,160,000
7.5.3.Securities awaiting for settlement of foreign investors	74	-	-
7.5.4.Securities awaiting for settlement of other entities	75	-	-
7.6. Isolated securities awaiting for withdrawal	76	-	-
7.6.1. Isolated securities waiting for withdrawal of custody customers	77	-	-
7.6.2. Isolated securities waiting for withdrawal of local investors	78	-	-
7.6.3. Isolated securities waiting for withdrawal of foreign investors	79	-	-
7.6.4. Isolated securities waiting for withdrawal of other entities	80	-	-
7.7. Securities used to adjust trading errors	81	-	-
8.Securities not in custody of investors	82	-	-
9.Securities not in custody of securities corporations	83	-	-
10.Trusted securities used for auction	84	-	-
INTERIM CONSOLIDATED INCOME STATEMENT
For the three-month period ended 30 Jun 2013
Currency: VND
ITEMS	CODES	Q2		Accumulated
ITEMS	CODES	Current year	Prior year	Current year	Prior year
1	2	3	4	5	6
1. Revenue	01	178,630,722,457	230,820,525,618	345,359,437,176	395,244,424,700
In which:
-Revenue from brokerage services	01.1	35,725,796,414	36,620,795,004	69,613,510,678	65,261,044,905
-Revenue from securities investments and capital contribution	01.2	42,847,040,425	69,255,328,823	76,023,718,258	110,887,898,096
-Revenue from securities underwriting services	01.3	-	-	-	-
-Revenue from securities underwriting agency	01.4	4,512,439	-	4,512,439	5,061,000
-Revenue from investment portfolio management services forentrust investors	833,506,016	4,079,367,734	951,594,698	11,025,497,762
-Revenue from advisory services	01.5	5,627,665,887	5,993,322,277	7,737,219,148	15,693,987,854
-Revenue from securities custody services	01.6	1,649,367,617	1,307,065,249	2,764,859,691	2,480,492,326
-Revenue from entrusted auction services	01.7	-	-	-	-
-Revenue from property lease	01.8	2,108,841,057	4,107,731,678	4,147,077,264	6,477,883,526
-Other revenue	01.9	89,833,992,602	109,456,914,853	184,116,945,000	183,412,559,231
2. Deductions	02	-	-	-	-
3. Net revenue	10	178,630,722,457	230,820,525,618	345,359,437,176	395,244,424,700
4. Operating expenses	11	110,954,184,398	202,379,018,910	175,251,430,105	203,740,332,147
In which:
Direct operating expenses	11.1	109,125,513,558	122,430,216,001	234,537,772,111	287,260,591,917
Securities provision expenses	11.2	1,828,670,840	79,948,802,909	(59,286,342,006)	(83,520,259,770)
5. Gross profit/(Loss) from operating activities	20	67,676,538,059	28,441,506,708	170,108,007,070	191,504,092,553
6. General and administrative expenses	25	3,175,539,397	2,979,851,570	5,663,278,575	4,948,191,534
7. Net profit/ (Loss) from operating activities	30	64,500,998,662	25,461,655,138	164,444,728,495	186,555,901,019
8. Other income	31	16,647,937,616	3,392,831,864	33,007,751,519	4,904,633,215
9. Other expenses	32	66,173,311	161,100,664	66,173,311	657,594,664
10. Other profit/(loss)	40	16,581,764,305	3,231,731,200	32,941,578,208	4,247,038,551
11. Share of profit/(loss) in associates	50	29,477,701,856	29,209,593,848	100,860,605,389	72,228,666,563
12. Profit/ (Loss) before tax	60	110,560,464,823	57,902,980,186	298,246,912,092	263,031,606,133
13. Current corporate income tax	61	13,301,259,509	39,424,839,187	50,657,065,440	75,789,042,827
14. Deferred corporate income tax expense	62	1,391,496,010	(50,861,301,702)	(8,340,299,143)	(67,303,811,442)
15. Profit after tax	70	95,867,709,304	69,339,442,701	255,930,145,795	254,546,374,748
16. Non-controlling interests	101,497,904	(47,552,312)	(326,020,164)	53,691,295
17. Profit/ (Loss) after tax attributable to equity holders of the parent	95,766,211,400	69,386,995,013	256,256,165,959	254,492,683,453
18. Basic earnings per share	80
INTERIM CONSOLIDATED CASH FLOW STATEMENT
For the Period ended 30 Jun 2013
Currency: VND
ITEMS	Code	Accumulated
ITEMS	Code	Current year	Prior year
I. Cash flow from operating activities
*1. Total accounting profit before tax*	01	*298,246,912,092*	*263,031,606,133*
*2. Adjustments for*	*(188,575,890,648)*	*(170,505,201,068)*
Depreciation	02	13,333,592,227	17,945,166,721
Provisions	03	(59,286,342,006)	(83,520,259,771)
Unrealised foreign exchange gain/loss	04	-	-
Gain/(loss) from investing activities	05	(145,125,252,116)	(105,764,552,462)
Interest expenses	06	2,502,111,246	834,444,444
*3. Operating income befor changes in working capital*	08	*109,671,021,443*	*92,526,405,065*
(Increase)/decrease in receivables	09	96,244,661,577	(142,588,832,560)
(Increase)/decrease in inventories	10	(100,986,687,436)	(817,359,742,700)
Increase/(decrease) in payables	11	1,150,389,276,289	1,261,181,476,011
(Increase)/decrease prepaid expenses	12	3,817,791,493	6,812,525,515
Interest paid	13	(2,997,398,689)	(814,816,548)
Coporate incom tax paid	14	(46,975,539,557)	(31,995,250,810)
Other gains from operating activities	15	-	200,426,722
Other payments from operating activities	16	(13,430,732,080)	(13,348,498,999)
*Net cash flow provided by operating activities*	20	*1,195,732,393,040*	*354,613,691,696*
II. Cash flow from investing activities
1. Purchase of fixed assets	21	(7,185,524,420)	(1,381,065,549)
2. Gains from fixed assets disposal	22	918,181,818	1,665,760,606
3. Loan note issue, debt instrument purchase of other entities	23	(61,530,000,000)	-
4. Loan collections and sale of debt instruments	24	70,218,106,711	-
5. Payments for invesment in other entities	25	(163,881,328,035)	(239,888,995,397)
6. Collections from investments in other entities	26	180,705,523,996	231,211,800,419
7. Interest, dividends, and distributed profit	27	90,972,650,531	107,334,355,441
*Net cash flows from/(used) in investing activities*	30	*110,217,610,601*	*98,941,855,520*
III. Cash flow from financing activities
1. Proceeds from issuing shares, capital contribution	31	15,854,880,000	-
2. Capital contribution of minority shareholders	-	6,000,000,000
3. Capital repayments to shareholders, payments for treasury shares	32	(131,760)	(654,900,000)
4. Proceeds from loan	33	1,070,467,231,968	259,996,696,244
5. Priciple repayments to trustees	34	-	-
6. Loan repayments	35	(1,428,195,253,045)	(100,000,000,000)
7. Payments for finance leases	36	-	-
8. Dividends paid to shareholders	37	(8,360,000)	(75,388,000)
Net cash flows from / (used in) financial activities	40	(341,881,632,837)	165,266,408,244
Net cash flow in the period	50	964,068,370,804	618,821,955,460
Cash and cash equivalents at the beginning of the period	60	1,947,090,450,986	1,945,764,811,547
Affects of foreign exchange rate differences	61	-	-
Cash and cash equivalents at the end of the period	70	2,911,158,821,790	2,564,586,767,007
INTERIM CONSOLIDATED STATEMENT OF MOVEMENTS IN OWNERS’ EQUITY
Currency: VND
ITEMS - at 30 Jun 2013	Opening balance	Increase	Decrease	Ending balance
1. Chartered capital	3,526,117,420,000	11,832,000,000	-	3,537,949,420,000
2. Share premium	340,921,476,378	4,022,880,000	-	344,944,356,378
3. Other owners' capital	(2,605,677,770)	114,123,048	(2,719,800,818)
4. Treasury shares	(89,246,186,000)	(131,760)	-	(89,246,317,760)
5. Asset revaluation reserve	-	-	-
6. Foreign exchange differences reserve	-	-	-
7. Invesment and development fund	-	-	-
8. Financial reserve fund	289,383,181,436	46,429,937,816	-	335,813,119,252
9. Other funds belonging to owners’ equity	-	-
10. Undistributed earnings	1,127,002,833,821	256,256,165,959	426,967,966,810	956,291,032,970
TOTAL	5,191,573,047,865	318,540,852,015	427,082,089,858	5,083,031,810,021
ITEMS - at 30 Jun 2012
1. Chartered capital	3,526,117,420,000	-	-	3,526,117,420,000
2. Share premium	340,921,476,378	-	-	340,921,476,378
3. Other owners' capital	383,614,879	2,917,168,656	1,067,199,273	2,233,584,262
4. Treasury shares	(88,591,286,000)	(654,900,000)	-	(89,246,186,000)
5. Asset revaluation reserve	-	-	-	-
6. Foreign exchange differences reserve	-	-	-	-
7. Invesment and development fund	-	-	-	-
8. Financial reserve fund	289,383,181,436	-	-	289,383,181,436
9. Other funds belonging to owners’ equity	-	-	-	-
10. Undistributed earnings	1,012,450,891,924	254,492,683,453	349,747,436,263	917,196,139,114
TOTAL	5,080,665,298,617	256,754,952,109	350,814,635,536	4,986,605,615,190