Hoang Anh Gia Lai requested shareholders to scale back the accrued loss by almost 3,300 billion dong

Hoang Anh Gia Lai has simply mentioned that it’s going to search shareholders’ written opinions on the usage of share capital surplus to deal with accrued losses.

Accordingly, the corporate mentioned that as of December 31, 2020, the corporate had a constitution capital of 9,275 billion VND, fairness of 6,139 billion VND and accrued losses of 6,678 billion dong.

In the meantime, Hoang Anh Gia Lai has a share capital surplus of VND 3,264 billion by means of the issuance of shares to extend constitution capital.

Subsequently, the corporate needs to make use of the complete 3,264 billion dong of fairness surplus to deal with accrued losses. After dealing with, the remaining accrued losses are VND 3,414 billion. Thus, Hoang Anh Gia Lai will deal with about half of the accrued losses.

Nonetheless, based on the monetary statements for six months of 2021, Hoang Anh Gia Lai has adjusted the information, inflicting the accrued loss as of December 31, 2020 to extend to VND 7,576 billion.

In response to the corporate’s clarification, the Board of Administration has reviewed the construction of collateral for excellent receivables and picked up extra historic data on the solvency of companions that haven’t been beforehand disclosed. will be obtained because of time and human useful resource limitations. The Board of Administration acknowledges that the estimation of the recoverability of the long-standing receivables on the time of preparation of the monetary statements of earlier years has not absolutely mirrored the loss danger of those receivables.

On that foundation, the Board of Administration has adjusted the corresponding knowledge within the audited consolidated monetary statements for the 6 months of 2020 accounting interval, decreasing revenue by 1,263 billion dong. Subsequently, the corporate from a pre-tax lack of 132 billion dong to a lack of 1,395 billion dong; from a web revenue of 107 billion dong to a web lack of 1,155 billion dong.

Within the first 6 months of 2021, Hoang Anh Gia Lai made a revenue of almost 28 billion dong. Thereby, the accrued loss till June 30, 2021 decreased to VND 7,548 billion.

Hoang Anh Gia Lai asked for shareholders' opinions to reduce nearly VND 3,300 billion in accumulated losses - Photo 1.

Ha My

By Enterprise and Advertising