AUDITED FINANCIAL STATEMENTS FISCAL YEAR 18-19
CONSOLIDATED FINANCIAL STATEMENTS 18-19 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)
B09-DN/HN
as at 30 June 2019 and for the year then ended 18.
LONG-TERM INVESTMENTS (continued)
18.1 Investments in associates Details of these investments in associates were as follows:
Ending balance Name of associates
Business activities
Tay Ninh Sugar Planting sugarcane, producing Joint Stock and trading in sugar, cassava Company (Note 4.1) and rubber Producing starch and products related to starch; producing Tay Ninh Chemical artificial condensed products, non-alcohol and mineral water, Industry Joint nitrogen compound; installing Stock Company machinery and industrial equipment Tay Ninh Tapioca Joint Stock Manufacturing and trading Company tapioca starch By-products (Note 4.1) Manufacturing and trading tapioca starch and tapioca starch-related products; import Tapioca Viet Nam and export of products related Limited Company to tapioca starch such as tapioca starch, sorbitol, malt, semolina, (Note 4.1) modified starch, vermicelli, noodles and gas production, fuel by sugar tube Tan Hoi Industrial Complex Trade real estate and invest in Infrastructure infrastructure and management Investment Joint of industrial zones Stock Company (Note 4.1) TOTAL
Carrying amount (VND)
Beginning balance
% of interest
Carrying amount (VND)
% of interest
75,272,048,072
21.67
-
-
30,359,160,796
19.13
30,359,160,796
19.13
-
-
125,947,770,609
29.96
-
-
29,102,589,437
29.96
-
-
7,147,601,379
47.45
105,631,208,868
192,557,122,221 VND
Cost of investment:
2018-2019 ANNUAL REPORT www.ttcsugar.com.vn
Beginning balance Increase due to transform to associates from subsidiaries (Note 4.1) Decrease due to disposal Ending balance
120
179,933,176,123 68,966,856,133 (148,353,976,123) 100,546,056,133
Accumulated share in post-acquisition profit (loss) of the associates: Beginning balance Share in post-acquisition profit of the associates for the year Decrease due to disposal Ending balance
12,623,946,098 7,221,968,308 (14,760,761,671) 5,085,152,735
Net carrying amount: Beginning balance Ending balance
192,557,122,221 105,631,208,868
