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v3.24.1.u1

SEGMENT REPORTING (Tables) | 12 Months Ended
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Dec. 31, 2023
SEGMENT REPORTING |
Schedule of information about segments | ​
24. | SEGMENT REPORTING (continued)
For the year ended December 31, 2023:
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Currency: VND million
​ | ​ | ​ | ​ | ​ | ​ | Spare parts | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | and | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | aftermarket | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Automobiles | ​ | E-scooter | ​ | services | ​ | All other | ​ | Unallocated (**) | ​ | Total
Revenues(*) | ​ | 24,943,304 | ​ | 2,619,240 | ​ | 1,069,287 | ​ | 80,220 | ​ | — | ​ | 28,712,051
Cost of sales | ​ | (37,934,797) | ​ | (3,178,050) | ​ | (704,515) | ​ | (121,463) | ​ | — | ​ | (41,938,825)
Gross loss |  | (12,991,493) |  | (558,810) |  | 364,772 |  | (41,243) |  | — |  | (13,226,774)
Operating expenses |  | (21,297,408) |  | (738,912) |  | — |  | — |  | (5,190,065) |  | (27,226,385)
Operating loss |  | (34,288,901) |  | (1,297,722) |  | 364,772 |  | (41,243) |  | (5,190,065) |  | (40,453,159)
(*) Revenues from a group of customers under common control of Automobiles and E-scooters segments represents approximately VND19,435.3 billion (USD812.7 million) of the Company’s consolidated revenues (2022: VND 923.3 billion, 2021: VND488.1 billion). For the year ended December 31, 2022 (represented):
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | ​ |  |  |  |  |  |  |  | Currency: VND million
​ | ​ | ​ | ​ | ​ | ​ | Spare parts | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | and | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | aftermarket | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Automobiles | ​ | E-scooter | ​ | services | ​ | All other | ​ | Unallocated (**) | ​ | Total
Revenues | ​ | 11,136,049 | ​ | 1,505,461 | ​ | 2,213,369 | ​ | 110,712 | ​ | — | ​ | 14,965,591
Cost of sales | ​ | (22,854,342) | ​ | (2,323,472) | ​ | (1,962,906) | ​ | (91,776) | ​ | — | ​ | (27,232,496)
Gross loss |  | (11,718,293) |  | (818,011) |  | 250,463 |  | 18,936 |  | — |  | (12,266,905)
Operating expenses |  | (25,628,175) |  | (688,540) |  | — |  | — |  | (3,672,744) |  | (29,989,459)
Operating loss |  | (37,346,468) |  | (1,506,551) |  | 250,463 |  | 18,936 |  | (3,672,744) |  | (42,256,364)
​ For the year ended December 31, 2021:
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | ​ |  |  |  |  |  |  |  | Currency: VND million
​ | ​ | ​ | ​ | ​ | ​ | Spare parts | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | and | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | aftermarket | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Automobiles | ​ | E-scooter | ​ | services | ​ | All other | ​ | Unallocated (**) | ​ | Total
Revenues | ​ | 13,593,482 | ​ | 678,936 | ​ | 634,793 | ​ | 1,120,971 | ​ | — | ​ | 16,028,182
Cost of sales | ​ | (22,720,417) | ​ | (1,040,905) | ​ | (453,213) | ​ | (1,069,423) | ​ | — | ​ | (25,283,958)
Gross loss |  | (9,126,935) |  | (361,969) |  | 181,580 |  | 51,548 |  | — |  | (9,255,776)
Operating expenses |  | (15,525,771) |  | (499,865) |  | — |  | — |  | (1,785,989) |  | (17,811,625)
Operating loss |  | (24,652,706) |  | (861,834) |  | 181,580 |  | 51,548 |  | (1,785,989) |  | (27,067,401)
​ ​
24. | SEGMENT REPORTING (continued)
For the year ended December 31, 2023 (convenience translation): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Currency: USD
​ | ​ | ​ | ​ | ​ | ​ | Spare parts and | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | aftermarket | ​ | ​ | ​ | ​ | ​ |
​ | ​ | Automobiles | ​ | E-scooter | ​ | services | ​ | All other | ​ | Unallocated(*) | ​ | Total
Revenues | ​ | 1,045,139,697 | ​ | 109,747,763 | ​ | 44,803,779 | ​ | 3,361,261 | ​ | — | ​ | 1,203,052,500
Cost of sales | ​ | (1,589,491,191) | ​ | (133,162,239) | ​ | (29,519,609) | ​ | (5,089,386) | ​ | — | ​ | (1,757,262,425)
Gross loss | ​ | (544,351,494) | ​ | (23,414,476) | ​ | 15,284,170 | ​ | (1,728,125) | ​ | — | ​ | (554,209,925)
Operating expenses | ​ | (892,374,424) | ​ | (30,960,865) | ​ | — | ​ | — | ​ | (217,466,899) | ​ | (1,140,802,188)
Operating loss | ​ | (1,436,725,918) | ​ | (54,375,341) | ​ | 15,284,170 | ​ | (1,728,125) | ​ | (217,466,899) | ​ | (1,695,012,113)
(**) Unallocated expenses are mainly related to general and corporate administrative costs such as wages and salaries for employees responsible for general corporate functions, including accounting, finance, tax, legal and human relations; technology-related fees; depreciation and amortization of fixed assets used for administration purpose; professional fees and other miscellaneous items that are not allocated to segments. These expenses are excluded from segment results as they are not reviewed by the Chief Operating Decision Maker as part of segment performance.
Schedule of revenues by geographic area based on the sales location of the products | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | For the year ended |  | For the year ended | ​ | ​ | ​ | ​
​ | ​ | December 31, 2021 | ​ | December 31, 2022 | ​ | For the year ended December 31,2023
​ | ​ | VND million | ​ | VND million | ​ | VND million |  | USD
Vietnam |  | 14,996,611 |  | 14,965,591 | ​ | 27,975,180 |  | 1,172,177,156
United States |  | 1,031,571 |  | — | ​ | 159,164 |  | 6,669,069
Canada | ​ | — | ​ | — | ​ | 577,707 | ​ | 24,206,277
Total |  | 16,028,182 |  | 14,965,591 | ​ | 28,712,051 |  | 1,203,052,500
Schedule of revenues earned from external customers for each group of similar products and services | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | For the year ended |  | For the year ended | ​ | ​ | ​ | ​
​ | ​ | December 31, 2021 | ​ | December 31, 2022 | ​ | For the year ended December 31,2023
​ | ​ | VND million | ​ | VND million | ​ | VND million |  | USD
Sales of ICE vehicles |  | 13,107,978 |  | 6,688,467 | ​ | 220,397 |  | 9,234,769
Sales of e-cars |  | 5,402 |  | 3,582,632 | ​ | 23,499,733 |  | 984,653,189
Sales of e-buses |  | 480,102 |  | 847,128 | ​ | 628,115 |  | 26,318,403
Sales of e-scooters |  | 678,936 |  | 1,385,479 | ​ | 2,020,921 |  | 84,677,825
Sale of spare parts |  | 538,216 |  | 2,072,628 | ​ | 882,146 |  | 36,962,457
Sale of smartphones |  | 1,031,571 |  | — | ​ | — |  | —
Rendering of aftermarket services |  | 96,577 |  | 140,689 | ​ | 187,141 |  | 7,841,322
Revenue from leasing activities and others |  | 89,400 |  | 248,568 | ​ | 1,273,598 |  | 53,364,535
Total revenue |  | 16,028,182 |  | 14,965,591 | ​ | 28,712,051 |  | 1,203,052,500
​

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