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Giáo trình Quản trị tài chính doanh nghiệp: Phần 2 - PGS.TS. Phạm Quang Trung
Chuong8 C A C QUYET OiNH VA PHAN TICH VE CHI PHI DAU TU ' Cac nha quan ly tat ca cac cong ty phat xem xet cac r \ \ x quyet djnh quan lien quan den cac luong tien sau nhieu w r f nam Cac quyet dinh lien quan den nhung ket qua thu duqc tu cac tai san ma cong ty da dau tu nhu: may moc, phucmg tien f t t giao thong, nha cua, dat dai Cac quyet dinh khac co the lien r • % r quan den nhung thay doi quan cua qua trinh san xuat hoac r x t v vice lap them mot day chuyen san xuat san pham, djch vu mai f X va anh hucrng tai cac hoat dong cua cong ty Cac quyet dinh dau tu anh huang lan tai vi the canh tranh cua cong ty 8.1 Cac quyet djnh dau tir / * > \ Cac quyet dinh lien quan tai luong tien vao va luong tien r f x cac nam tiep theo dugc goi la cac quyet djnh dau tu Cac quyet djnh thuang dugc xem xet dai han va co tac dong nhieu nam / \ Cac quyet dinh dau tu thudng dugc xem xet cho cac du an X ' t hoac chuang trinh cu the Doanh nghiep can xem xet ve tiet i / kiem chi phi co the tao ^a dugc tir viec mua mot he thong may mdi hien co bii dap dugc chi phi mua ban dau va chi phi hoat dong hay khong? Ngay ca cac to chirc phi Igi nhuan cung 107 can phai xcm xct quyet dinh dau tir nlur vay Yi du, eo'iig ty A phai xcm xct cac van de nlur viec sir dung kem hieu q]ua cua cac may loc khong klii ma cong ty dang sir dung, xcm xct den chat luong san pham co phai van de gay khong Rat kho dinh luong no khong dirge tinh vao chi phi ilap tuc nhung vice danh gia rat quan trong quyet dinh dlau tu co ban Hon nua, nha quan ly cac quyet dinh ve n:ioi phuang an khac c„.a cac clurong trinh, dir an cu the, to'ng i r the cong ty se lien quan den cac hoat dong, cac clurong triinh hay du an dau tu khac cua cong ty Chung ta co the nhin nhian qua trinh thuc hien cua du an tren mot nam chuyen doi ccac / f \ ket qua cua tat ca cac du an ve nam hien tai Hinh sau day mc> ta du an bang cac diem tuong trimg cac hoat dong cua du am Ifin/i H-8.1 Mot to clurc nlur la m ot sir tup hop cua cac dir an va cac cltir&ng trinh Cac du an hoac chuong trinh C B A Nam Cac quyet djnh dau tu cac dir an dai han thirong tao 108 tin'n: m ot bg phan cua qua trinh xay dun ; ke hoach chien luge ( ac Liu Ur Ion tron>i cong nghe san xu.a va vice mua sam cac tai s;n co ma tri Ion duac thirc hien co the dan toi cac thay doi, na n g ca o nang suat va tinh canh tranh cita cac cong ty 8.2 Q u a tr inh duvet dir an dau tu ■ » / Sue manh iau dai cua mot cong t\ co the bj anh hudng rat f \ \ l>Vn Idi cac quyct dinh dau tu co ban, vi vay nhieu cong ty ldn cd qi y trinh duyet du an dau tir rat phuc tap, thudng bi bat buoc th u e hien theo dung quy cach Cac bieu mau cu the dugc sir dung va cac yeu cau dugc xem xet vdi nhieu cap quan ly Hau let cac tong cong ty ldn d Viet Nam cd phong ke hoach d a u tx hoac Ban dau tu cd chirc nang phan tich cac de an dau tu ■ > ^ \ Qua trinh tham djnh va phe duyet mot dir an dau tu gom bueVe % r B uoc 1: De xuat d u an Trong nhieu cong ty ldn, cac du an dugc cac nha quan ly cua cong ty de xuat y tudng va chi dao qua trinh xay dung de an Sr lira chon dir an can phu hgp vdi kc hoach chien luge phat ■ » f tiien )di cac nha quan ly cong ty va veV cac dudng loi chi dao, i lien cuan den dir an nao co the dugc chap nhan cho cong ty Cac nhat cuan ly vdi su than trpng, sir suy xet cita minh khong chap • t thu;ar cac du an mac du co the phu hgp vcri cong ty, bdi vi ho can.i hay cac du an co mot sd rui ro cho ho hoac cac don vi ma ho phu trach x \ Buoc 2: Gia djnh va phan tich cat luong tien cua d u an Cac luong tien ciia du an phai dugc tinh cho toan bo thdi giam on tai ciia dir an Co nhieu cong cu dung de phan tich cac luditu tien, mot so cong cu so dd dugc gidi thieu clnrrcng khac ciia giao trinh Trong thue te, co mot sd nha 109 quan ly lap dir an da co tinh lam cho cac luong tien de an dau tu cua ho tang tinh hap dan Vice phat hien nhung gian f * lan thucrng la kho neu cac nha quan lv co kien thuc sau rong ve hoat dong kinh doanh cua ho va thi truong cua ho B uac 3: Qua trinh p h e duyet d u an dau lie Cac muc tham quyen de duyet cac de an dau tu la khac giua cac cong ty Chi phi cua mot du an cang Ion thi nguoi % \ \ f co tham quyen phe duyet du an phai co vi tri cang cao Hau net, x cac nha quan ly cap cao moi dugc phep duyet cac de nghi dau tu > f * * r r co ban quan trong, nguoi de xuat du an phai ’ban1 cac ke hoach * de xuat cua ho cho cac nha quan ly cong ty Qua trinh \ * can co su quan ly N nuoc nhieu cong ty co canh tranh manh vi gioi han nguon luc Nguoi quan ly can tap hop sir i y f ung ho cho du an cua ho va chuan bj cac ly le de thuyet phuc tai ^ W d u an cua minh lai tot hon cac du an khac Cac phan tich ve \ f ^ ^ so lieu tai chinh chi la mot khia canh cua de an dau tu Can co cac y kien phan tich, tranh luan cua nguoi co tham quyen de chumg minh ve su chap thuan cua d u an: thuong duoc thuc hien tren co so nhung luan c u chien luge, marketing, tai chinh hoac moi trudng B uac Phan tich va lua chon d u an ' • ' * Theo cac hoat dong xuc tien thuc hien cua nguoi de xuat d u an, du an se dugc tham dinh va lua chon boi cac nha quan ly ^ co tham quyen cua cong ty B ua c Trien khai thuc hien d u an ' f Cac du an da d u g c phe duyet se dugc trien khai Cac van de lien quan la xay d u n g hoac mua sam tai san moi, tuyen cac nhan vien moi va dao tao cac nhan vien cu B u a c 6: Kieni tra, danh gid m uc hoan d u an 110 kc; hoach han dau va dir tinh cac luon:.; tien Tien trinh bao cao dira tren ket qua cita dir an ky hoat dong hoac kv tai chinh Tat nhien, khong phai tat ca cac dir an dugc phe duyet th eo cac buac tren Trong cac cong ty nho, cac buac tien hanh khac xa voi mau tren Trong cac cong ty Ion, giam doc cac dan » * ' s v] kinh doanh true thuoc co tham quyen quyet djnh dau tu c a biin ma khong can phe duyet cua tong cong ty, vi du quan ly bo phan san xuat co the chi can sir phe duyet cho du an dau tu cua r gi am doc chi nhanh vai gia trj du an hon 15.000 USD / r \ Sau day, chung ta se xem xet chi tiet han van de quan dugc thue hien nhu la mot phan cua qua trinh dau tu 8.3 Cac cong cu phan tich dy an dau tu' Cac cong ty co quyet dinh thirc hien hay khong mot du an X f X d;au tu nhu the nao? R5 rang cac anh huang ve tai chinh cua du a n phai dugc xem xet Do la, cac chi phi cua moi du an phai durgc so sanh vai cac !gi ich ma cong ty se nhan dugc tu thue hiien du an Trong quyet dinh chi dau tu, cac chi phi va Igi ich * ' ' cl(6 phat sinh nhieu nam, chung dirge coi la cac luong tien X X ' X X v;ao va luong tien theo timg ky Luong tien bao gom cac cltii phi ban dau cua du an va cac chi phi phat sinh qua / trinh hoat dong, chi phi se phat sinh suot qua trinh thue hien X X x / dtu an Luong tien vao bao gom tiet kiem chi phi va doanh thu / • X tamg them tu ket qua thirc hien dir an va so tien lai tir ban cac tai sain Vi du, neu cong ty A dang nghien ciru ve viec mua mot day « X ' ' * ' ' clhuyen mai luong tien se bao gom so tien mua may ban dau v;a sir phat sinh cac chi phi khac may mai dugc dua vao hoat d Be su dung nguyen ly luong tien chiet khau de phan tich f \ t \ quyet dinh dau tu co ban cua cong ty A, truoc het chung ta can ■ > % ^ ^ hieu khai niem co ban ve gid tri (hai gian cua luong den Ban muon nhan 100 trieu dong trao ngay hom hay 100 x \ * r * trieu dong vao nam sau Hau het tat ca chung ta muon nhan tien hom Hai ly giai thich sir lira chgn f f y Ly thu nhat, neu chung ta nhan dugc tien hom nay, chung ta sc sir dung no thay vi phai dgi den nam sau Ly thu hai, \ X chung ta se dau tu 100 trieu dong nhan dugc voi lai suat 7%, t \ euoi nam chung ta se co 107 trieu dong Vi vay gia tri thoi 113 gian di cimg vdi tien to Do 100 trieu dung chung ta cc nga\ horn se khong ngang bang vai 100 trieu dong sau mo: nam , hai nam, hay nnrcri nam Khi phan tich luong tien kco dai nhieu nam phan tich chi dung dua tat ca gia tri tien cac nam vc cung > \ mot thai diem P huang phap phu hop de sir dung la luong tien chiet k h a u , cong cu se tinh toan gia tri theo thai gian cua ^ > \ r r \ \ luong tien Chung ta can chiet khau luong tien ttrang lai x * de lam chung ngang bang ve gia tri hien tai Co hai nguyen ly dugc sir dung rong rai phan tich f r \ \ chiet khau cac luong tien: nguyen ly gia tri hien tai rong va ty f f suat hoan von noi tai Moi nguyen ly se d u ac sir dung de phan tich cac luong tien lien quan den quyet dinh mua may cua cong ty A 8.4.1 Nguyen ly gia tri hien tai rong Nguyen ly gia tri hien tai rong xac dinh gia tri hien tai cua ^ ^ * cac luong tien tucmg lai cua mot du an de lam can cir / \ phan tich Phan tich gia tri hien tai rong cita mot ke hoach dau tu gom buac: * \ \ B u a c 1: Lap bang the hien cac luong tien moi nam cua du % an dau tu B u a c 2: Tinh toan gia tri hien tai rong cua moi luong tien, sir dung lai suat chiet khau la ty le sinh lai nho nhat dugc chap nhan de dau tu cua cong ty No thirang dung de lu a n g chi t phi von cua cong ty * B u a c 3: Tinh gia tri hien tai rong (NPV), la tong gia tri hien tai rong cua cac luong tien tirng giai doan thai gian 114 Hia/c 4: Neu NPV duong (NPV > 0) co nghTa dir an kha thi dira tren phuang dien tai chinh NPV cang cao, du an cang kha thi han va duac lira chon Tuy nhien can luu y rang thong tin tai chinh chi la mot khfa canh dira vao quyet dinh Chien lirac hay cac cong cu dinh lirang khac co the du kha nang va co luong cac quyet dinh quan ly 8.4.1.1 Xcic dinh N P V cua cac luong tien d u an m ua them mot m ay m (M) y y Luong tien lien quan tai du an mua them may M (phuang an 1) d u ac ghi bang 8.1 Trong bang 8.2, cac luong tien ciugc trinh bay theo cach de lam rd thcri gian thue hien cua moi ' > x i luong tien Dau tu ban dau mua may M duac coi tai thai diem goc bang Moi luong tien cua moi nam tir nam thu den nam thir d u ac chiet khau ve thai diem 0, su dung N PV de chiet khau moi luong tien vai lai suat chiet khau la 10%/nam Cach de nhat de tim gia tri hien tai rong cho moi luong tien la su dung cac bang gia tri hien tai * 8.4.1.2 Quyet dinh dua tren gid tri hien tai rong (NPV) f Phan tich gia tri hien tai rong cho thay mua them mot may M (so tien 659.715 USD) se thu duac tiet kiem chi phi doanh thu tang them (gia tri hien tai la 693.570 USD) tuc la se cao han chi phi ban dau Gia tri hien tai cua luong tien vao se cao han ' gia tri hien tai luong tien la 35.855 la Vi vay theo phan • • % tich NPV phuang an la kha thi 8.4.2 Nguyen ly ty suat hoan vdn noi bo Mot nguyen ly khac cung dung de chiet khau cac luong • i ' ' > tien phan tich du an dau tu la nguyen ly ty suat hoan von noi bo Ty s u a t h o a n v o n n o i b o duac dir an thu lai qua cac 115 hoat dong kinh doanh suot dai dir an Mot phirong an Khac dung de chiet khau la ty suat noi hoan la t\ le chiet khau td eia tri hien taimorm muon thu lai luomz tien vao imane V -' * • gia tri hien tai V V - » ^ bam: vai v cua luong tien vi vay 1RR la lai chiet khai: ma vai lai suat thi N PV cua luong tien bang Hang B-S.2 Nguyen ly gia tri hien tai rong: Phuang (in Don vi: USD Tong gia tri Gia tri hien tai hien tai Dau tu ban dau Cac luong tien moi nam cua SI vai 10% (659.715) 1,000 (651.000) 166.347 0,909 183.000 Tiet kiem chi 151.158 0,826 183.000 phi hang nam 137.433 0,751 183.000 124.989 0,683 183.000 113.643 0,621 183.000 T6ng ti5t kiem chi phi: 693.570 USD Gia trj hien tai rong: 33.855 USD Ty suat hoan von noi bo cua dir an mua may M (phuang an 1) la bao nhieu? Trong phan truac du an danh gia theo NPV la kha thi, vai lai suat chiet khau la 10% Vay IRR se cao hern hay thap han lai suat chiet khau (i = 10%) Lai suat chiei khau duac sir dung tinh NPV cang cao thi gia tri hien tai cua tat ca cac luong tien tuang lai cang thap Bai vi lai suat chiCrn liroc cao nghTa la m o n g muon thu duac hoi von nhanh Vi vay vi du lai suat chien luac cao han 10% se lam cho gia tri t 116 f P hirong tien van tai, tru yen dan # * A N cura, vat kien tru e M a y m oc va th iet hi A T h iet bj, d u n g cu q uan ly Cong Giam ky 75.152.000 503.364.830 578.516.830 Thanh ly, nhucmg ban 75.152.000 503.364.830 578.516.830 10.031.412.62 30.705.749.27 9.536.586.474 63.924.154.8 13.650.406.499 70 17.558.614.57 59.047.032.25 21.806.953.50 111.294.945 12.882.345.528 868 16.833.370.30 55.996.385.95 22.698.895.58 107.628.097 12.099.446.096 927 S o cu oi ky Gia tri lai / \ So dau nam S o cuoi ky 12 Tang, giam tai san co djnh vo hinh X Quyen sir dung dat a X Phan mem may vi tinh Cong Nguyen gia So dau nam Tang ky Mua ky So cuoi ky 104.570.482.635 1.700.000.000 975.822.044 105.546.304.679 1.700.000.000 106.270.482.635 975.822.044 107.246.304.679 89.956.029 38.554.281 183.805.671 55.349.829 273.761.700 93.904.110 Gia tri hao mon So dau nam Tang ky 297 n \ Quyen sur dung dat > Phan mem may vi tinh Cong 38.554.281 128.510.312 55.349.829 239.155.498 93.904.110 367.66S.810 Gia tri lai So dau nam 104.480.526.606 792.016.373 105.272.542.970 So cuoi ky 106.141.972.323 736.666.546 106.878.638.869 Khau hao ky So cuoi ky • f • % 13 C hi phi xay dirng ca ban dir dang So dau nam Mua sam TSCD 9.559.004.475 Ket chuyen Ket vao chuyen Chi phi phat sinh ky TSCD giam khac ky So cuoi ky 1.372.758.822 10.931.763.297 460.702.576 3.115.561.162 Cong 12.213.863.061 1.833.461 J98 14.047.324.459 XDCB dcr 2.654.858.586 dang Sua chira Ion TSCD 14 D au tir vao C ong ty So cuoi ky Dau tu vao Cong ty Cp Dirge Song Hau 2.550.000.000 C?ng 2.550.000.000 298 So dau nam 15 Dau tu- vao Cong ty lien doanh, lien ket So cuoi kv Dau 1tr v a o C o n g ty C p So dau nam Frio 3.600.000 "00 VTtih l ! \ o _ _ _ _ 3.600.000.000 _ Cong 16 D au tu- dai han khac So cuoi kv Dau tir co phieu 55.896.850.200 So dau nam 35.674.890.200 - Dau tir trai phieu Con^ 55.896.850.200 35.674.890.200 17 Tai san dai han khac • So cuoi ky 1.540.559.084 1.300.951.659 1.540.559.084 Ky quy, ky cirgc dai han f ** Cong So dau nam 1.300.951.659 r 18 Vay va no* ngan han So cuoi ky 91.855.968.610 Vay ngan han ngan hang - Ngan hang Thuang mai Co phan Hang hai Viet Nam - Chi 66.317.631.677 nhanh Cdn Tha,a > - Ngan hang Thuong mai Co phan A Chau Viet Nam - Chi nhanh Cdn Tha w 8.023.666.560 - Ngan hang Hong Kong va Thuang Hai -Chi nhanh Cdn Tha 16.602.948.600 So dau nam 29.787.654.844 29.787.654.844 \ (C ) Vay cac ca nhan vcri lai suat 0,82% de bo sung von kinh doanh < » Cong / 12.218.838.836 13.642.206.572 103.163.085.673 43.429.861.416 299 (a) Vay Ngan hang Thuang mai Co phan Hang hai Viet Nam - Chi nhanh Can T h a vai lai suat theo thai diem nhan ng, de bo sung von luu dong Khoan vay duac dam bao bang viec the chap hang ton kho y \ r (b) Vay Ngan hang Thuang mai Co phan A Chau Viet Nam - Chi nhanh Can T h a vai lai suat theo thai diem nhan no, dc mua nguyen vat lieu > (c) Vay Ngan hang Hong Kong va T h u a n g Hai - Chi * ' » «* nhanh Can T h a vai lai suat theo thdi diem nhan ng, de mua ^nguyen vat lieu Chi tiet so phat sinh ve cac khoan vay nhu sau: S6 dau nam 43.429.861 416 So tien vay phat sinh ky 107.424.451.613 So tien vay da tra ky 47.691.227.356 103.163.085.673 So cuoi ky 19 Phai tra ngtroi ban So cuoi ky So dau nam 18.010.132.971 16.042.466.368 6.974.938.818 39.599.540.717 24.985.071.789 55.642.007.085 r Cac nha cung cap nude Cac nha cung cap nude ngoai Cong 20 Ngu-di mua tra tien trudc So cuoi ky So dau nam Ngudi mua nude 142.454.939 293.206.185 Ngudi mua nucrc ngoai 46.569.600 Cong 189.024.539 300 293.206.185 * 21 T h u e va cac k h o a n phai nop Nha niro'c So dau nam Thue GTGT h a n g b a n noi dia So phai nop ky 1.863.044.315 7.319.414.300 So da nop ky So cuoi ky 5.211.220.200 3.971.238.415 Thue GTGT hang nhap khau 6.410.577.019 6.410.577.019 T h u e x u a t, nhap khau 478.803.101 1.375.666.892 2.099.263.396 (244.793.403) 12.723.885 2.835.621.263 3.669.174.682 (820.829.534) T h u e thu n h a p ca nhan T ien thue dat 2.030.414.428 Thue mon b Cong 2.030.414.428 40.000.000 20.011.693.902 2.354.571.30! 40.000.000 17.430.235.297 4.936.029.906 Thue nop thira dugc trinh bay d chi tieu Thue va cac khoan khac phai thu Nha nude (xem thuyet minh sd V.8) r r Thue gid tri gia tang t f Cong ty nop thue gia tri gia tang theo phuang phap khau tru Thue suat thue gia tri gia tang cho cac nhom mat hang nhu sau: Dugc pham Hoa chat, dugc lieu 5% 10% Thue xuat, nhap khau Cong ty ke khai va nop theo thong bao cua Hai quan Thue thu nhap doanh nghiep 301 Xem thuyet minh so IV 13 r Thue thu nhap doanh nghiep phai nop ky dugc du tinh nhu sau: Ky Ky triro’c 41.835.340.672 29.209.307.585 41.835.340.672 29.209.307.585 Thue suat thue thu nhap doanh nghiep 20% 20% Thue thu nhap doanh nghiep phai npp 8.367.068.134 5.841.861.517 Thue thu nhap doanh nghiep dugc giam (8.367.068.134) (5.841.861.517) Tong lgi nhuan ke toan truac thue % Cac khoan dieu chinh tang, giam loi nhuan ke toan de xae djnh loi nhuan chju thue thu nhap doanh nghiep: r * Cac khoan dieu chinh tang Cac khoan dieu chinh giam Tong thu nhap chju thue Thue thu nhap doanh nghiep phai nop - Cac loai thue khac Cong ty ke khai va nop theo qui dinh 22 Phai tra ngiroi lao dong So cuoi ky So dau nam Phai tra ngudi lao dong 27.039.517.714 40.455.717.787 Cong 27.039.517.714 40.455.717.787 302 23 Chi phi phai tra So cuoi ky So dau nam Chi phi khuyen mai, quang cao 118.505.475.169 102.491.709.182 phi lai v a y p h a i tr a 342.9S7.S53 171.047.174 779.981.202 626.459.214 640.186.941 5.295.225.860 120.268.631.164 108.584.441.430 Chi T ie n d ie n , n ir a c , d i e n t h o a i Chi phi k h a c Cong r 24 Cac khoan phai tra, phai nop ngan han khac r /V * A « | > So cuoi kv So dau nam 1.174.417 1.972.397 1.096.446.755 503.579.977 Co tire phai tra 20.016.200.000 20.024.000.000 T a m th u tie n c h u y e n q u y e n s a hfru n h a 11.350.000.000 11.350.000.000 Phai tra k h a c 6.989.784.052 7.178.485.073 39.453.605.224 39.058.037.447 B ao h ie m x a hoi B a o h i e m y te K i n h phi c o n g d o a n Cong 25 Phai tra dai han khac • n r a r a ã ô > So cuoi ky So dau nam K y q u y , k y c irg c dai h a n 46.792.342 46.792.342 Cong 46.792.342 46.792.342 J T r ^ 26 D u-phong tro1cap mat viec lam So dau nam 766.782.945 S o trich la p t r o n g ky 233.961.372 S o chi t r o n g ky 215.476.200 So cuoi ky 785.268.117 303 27 Von chii so huu Bang doi chien bien dong cua van chii so' huu Thong tin ve bien dong cua von chu sd huu dirge :rinhbay d Phu luc Chi tiet vdn dau tir cua chii sff huu f f t \ f f r t f r S A • | r * / * Von gop cua cac co dong khac Cong •7 111.600.0(0.000 200.000.000.000 Von dau tu cua Nha nuac / ~ f A So cuoi ky 88.400.000.000 111.600.000.000 200.000.0(0.000 So diu nan 88.4)0.0(0.000 f A f • A L o p h ie u f ^ y f - Co phieu thong ♦ So dau nan / So lugng co phieu dang ky phat hanh So lugng co phieu da ban cong chung / 20.000.000 20 000.000 20 0( 0.000 - * - - - - Co phieu thong - Co phieu tru dai - - - - r So lugng co phieu dang liru hanh - Co phieu thong - 20.0(0.000 t - Co phieu uu dai So lugng co phieu dugc mua lai f i A So cuoi ky 20.000.000 20.0(0.000 20 000.000 20 0( 0.000 Co phieu uu dai - - Menh gia cd phieu dang luu hanh: 10.000 VND > • > M uc dich trich lap quy dau tu p h a t trien, quy die p ld n g tai chinh \ t i i F m * Quy dau tu phat trien dugc dung de bd sung v o i dieu le cua Cong ty 304 Quy du phong tai chinh dugc dung de: - Bu dap nhung ton that, thiet hai ve tai san, cong ng khong doi dugc xay qua trinh kinh doanh; r ~ r - Bu dap khoan lo cua Cong ty theo quyet dinh cua Hoi dong quan tri 28 Quy khen thirong, phuc loi So dau nam Quy khen tlnrcrng 10.827.141.374 Quy phuc lai 5.001.697.336 Cons' 15.828.838.710 Chi quy ky Tang khac 900.000 So cuoi ky 3.189.445.089 1.662.491.680 900.000 7.638.596.285 3.339.205.656 9.301.087.965 6.528.650.745 VI TH O N G TIN BO SUNG CHO CAC KHOAN M UC TRINH BAY TR O N G BAO CAO KET QUA HOAT DONG KINH DOANH Doanh thu ban hang va cung cap dich vu Ky Ky trirdc 380.858.259.283 274.044.915.411 Doanh thu ban phdm 359.380.371.640 258.782.861.060 Tong doanh thu Doanh thu ban hang hoa 7.653.337.992 10.308.506.717 Doanh thu ban nguyen vat lieu 13.824.549.651 4.953.547.634 Cac khoan giam tru doanh thu: (3.544.622.220) (4.127.791.400) (19.692.655) (15.610.463) Chiet khau th u ^ a mai Giam gid hang ban 305 Ky nav %' ■ H ang ban bi trd lai 'I Doanh thu thuan W (3.524.929.565) 377.313.637.063 Kv triroc V (4.112.180.937) 269.917.124.011 Trong do: \ D oanh thu thuan ban pham 355.843.011.386 254.682.349.802 > D oanh thu thuan ban hang hoa 7.646.076.026 10.281.226.575 D oanh thu thuan ban nguyen vat lieu 13.824.549.651 4.953.547.634 Gia von hang ban Ky Ky triro-c 159.515.829.582 135.971.527.010 Gia von cua hang hoa da cung cap 6.941.622.640 9.483.349.891 Gia von cua nguyen vat lieu da cung cap 12.404.755.824 4.393.304.221 178.862.208.046 149.848.181.122 Gia von cua pham da cung cap t T f f C ong D oanh thu hoat hi£u thong ♦ f L,ii ca ban tren co phiiu 308 / * * 10 Chi phi san xuat kinh doanh theo yeu to Ky Ky trircVc 135.227.059.143 Chi phi khac C$ng 5.293.040.998 79.754.428.878 15.092.420.508 327.166.951.449 Chi phi dich vy mua ngoai 7.013.725.093 25.758.367.797 Chi phi khau hao tai san co dinh 41.339.971.725 105.844.696.983 Chi phi nhan cong 106.255.888.395 53.323.102.433 Chi phi nguyen lieu, vat lieu 247.735.750.504 VII n h Ct n g t h n g t i n k h a c G iao djch v6i c4c ben lien quan Thu nhap cua c&c vien quan ly chu chot nhu sau: Ky Ky trirofc Tien luong 618.268.877 675.562.534 Thu lao 168.000.000 48.000.000 786.268.877 723.562.534 TiSn thircmg C