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SEGMENT REPORTING (Tables)

12 Months Ended

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