Phat Dat Real Estate Development : Interim Consolidated Financial Statements for 1Q2022

Phat Dat Real Estate Development Corporation

Interim Consolidated Financial Statements

31st March 2022

Phat Dat Real Estate Development Corporation
CONTENTS
Pages
General information	1 - 2
Report of the Board of Management	3
Interim consolidated balance sheet	4 - 5
Interim consolidated income statement	6
Interim consolidated cash flow statement	7 - 8
Notes to the interim consolidated financial statements	9 - 40

THE COMPANY

Phat Dat Real Estate Development Corporation ("the Company") fomerly known as Phat Dat

Housing Construction and Trading Joint Stock Company, is a shareholding company incorporated under the Law on Enterprises of Vietnam pursuant to the Business Registration Certificate ("BRC") No. 4103002655 issued by the Department of Planning and Investment of Ho Chi Minh City on 13th September 2021 with amendments as follows:

BRC amendments:

Date:
11th December 2004
16th November 2005
11th July 2006
19th December 2006
23rd April 2007
24th May 2007
29th November 2007
23rd January 2008
29th February 2008
29th June 2009
11th	amendment	27th August 2009
12th	amendment	04th December 2009
13th	amendment	04th May 2010
14th	amendment	13th September 2010
15th	amendment	22nd October 2010
16th	amendment	03rd November 2010
17th	amendment	28th January 2011
18th	amendment	11th August 2011
19th	amendment	22nd September 2011
20th	amendment	16th May 2012
21st	amendment	15th August 2012
22nd	amendment	04th September 2015
23rd	amendment	01st October 2015
24th	amendment	07th June 2017
25th	amendment	05th June 2018
26th	amendment	14th May 2019
27th	amendment	07th May 2020
28th	amendment	03rd July 2020
29th	amendment	20th November 2020
30th	amendment	20th April 2021
31st	amendment	17th May 2021
32nd	amendment	6th December 2021

0303493756

4103002655

• 1st amendment

• 2nd amendment

• 3rd amendment

• 4th amendment

• 5th amendment

• 6th amendment

• 7th amendment

• 8th amendment

• 9th amendment

• 10th amendment

The Company's shares were listed on the Ho Chi Minh Stock Exchange in accordance with the License No. 1207/SGDHCM-NY issued by the HOSE on 9th July 2010.

The current principal business activities of the Company are to construct and trade residential properties, to undertake the civil, industrial, and infrastructure construction projects, to provide real estate brokerage and valuation services, real estate trading center and management.

The Company's registered head office is located at Floors 8 and 9, Tower B, Viettel Complex

Building, 285 Cach Mang Thang Tam Street, Ward 12, District 10, Ho Chi Minh City, Vietnam.

BOARD OF DIRECTORS

Members of the Board of Directors during the period and at the date of this report are:

Mr. Nguyen Van Dat	Chairman
Ms. Tran Thi Huong	Vice Chairwoman
Mr. Nguyen Tan Danh	Vice Chairman
Mr. Bui Quang Anh Vu	Member
Mr. Le Quang Phuc	Member
Mr. Doan Viet Dai Tu	Member
Mr. Khuong Van Muoi	Independent member
Mr. Tran Trong Gia Vinh	Independent member
Mr. Le Minh Dung	Independent member
AUDIT COMMITTEE

Members of the Audit Committee during the period and at the date of this report are:

Mr. Tran Trong Gia Vinh	Head of the Audit Committee
Ms. Tran Thi Huong	Member
Mr. Le Quang Phuc	Member

THE BOARD OF MANAGEMENT

Members of the Board of Management during the period and at the date of this report are:

Mr. Bui Quang Anh Vu	Chief Executive Officer
Mr. Nguyen Thanh Thao	Vice President - Finance	Resigned on 28th January 2022
Mr. Duong Hong Cam	Vice President - Investment
Mr. Nguyen Dinh Tri	Vice President - Construction
Mr. Truong Ngoc Dung	Vice President - Design	Appointed on 8th April 2022

LEGAL REPRESENTATIVES

The legal representatives of the Company during the period and at the date of this report are:Mr. Nguyen Van Dat Mr. Bui Quang Anh VuChairman of the BOD Chief Executive Officer

AUDITORS

The auditor of the Company is Ernst & Young Vietnam Limited.

REPORT OF THE BOARD OF MANAGEMENT

The Board of Management ("BOM") of Phat Dat Real Estate Development Corporation ("the

Company") is pleased to present the interim consolidated financial statements for Quarter I - 2022 of the Company and its subsidiaries ("the Group") for the accounting period ended 31st March 2022.

BOM'S RESPONSBILITIES IN RESPECT OF THE INTERIM CONSOLIDATED FINANCIAL

STATEMENTS AS OF QUARTER I - 2022

The BOM is responsible for the interim consolidated financial statements of the Group of each accounting period which give a true and fair view of the interim consolidated financial position during the quarter, and of the interim consolidated results of its operation and the interim consolidated cash flows of the Group for the period. In preparing these interim consolidated financial statements for Quarter I - 2022, the BOM is required to:

•  Select suitable accounting policies and then apply them consistently;

•  Make judgements and estimates that are reasonable and prudent;

•  State whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the interim consolidated financial statements for Quarter I - 2022 and

•  Prepare the interim consolidated financial statements for Quarter I - 2022 on the going concern basis unless it is inappropriate to presume that the Group will continue its business.

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

The BOM confirmed that it has complied with the above requirements in preparing the accompanying interim consolidated financial statements for Quarter I - 2022.

STATEMENT BY THE BOARD OF MANAGEMENT

The Board of Management does hereby state that, in its opinion, the accompanying interim consolidated financial statements for Quarter I - 2022 give a true and fair view of the interim consolidated financial position for Quarter I - 2022 of the Group as at 31st March 2022, and of the interim consolidated results of its operations for Quarter I - 2022 and its interim consolidated cash flows for the period then ended in accordance with Vietnamese Accounting Standards, Vietnamese Enterprise Accounting System and the relevant statutory requirements.

For and on behalf of the Board of Management

(Signed and stamped)

Bui Quang Anh Vu Chief Executive Officer

20th April 2022