XML 43 R8.htm IDEA: XBRL DOCUMENT v3.24.1.u1
CONSOLIDATED STATEMENTS OF CASH FLOWS
₫ in Millions
 12 Months Ended
Dec. 31, 2023
VND (₫)
Dec. 31, 2023
USD ($)
Dec. 31, 2022
VND (₫)
Dec. 31, 2021
VND (₫)
OPERATING ACTIVITIES        
Net loss for the year ₫ (57,471,671) $ (2,408,098,177) ₫ (49,848,870) ₫ (32,218,961)
Adjustments to reconcile net loss to net cash flows:        
Depreciation of property, plant and equipment 5,849,238 245,086,650 3,924,658 3,981,389
Amortization of intangible assets 466,454 19,544,708 2,341,850 897,562
Impairment of goodwill, assets and changes in fair value of held for sale assets 1,303,932 54,635,548 1,133,743 164,978
Amortization of finance lease right-of-use assets       12,421
Changes in operating lease right-of-use assets 1,162,222 48,697,813 448,651 273,270
Provision related to compensation expenses, assurance-type warranties and net realizable value of inventories 8,692,883 364,237,116 5,988,521 6,513,514
Allowance against receivables     172,571 206,325
Deferred income tax expenses (22,294) (934,174) 946,738 150,536
Unrealized foreign exchange (gain)/losses 773,198 32,397,469 744,989 (448,262)
Investment (gain)/loss     18,962 (956,588)
Net loss/(gain) on financial instruments at fair value through profit or loss 4,879,833 204,467,988 (1,226,012) 1,710,029
Change in amortized costs of financial instruments measured at amortized cost 2,833,459 118,723,665 1,999,914 1,156,118
Share-based compensation expenses 150,103 6,289,408    
Loss on disposal of fixed assets 81,165 3,400,863   113,395
Share of losses from equity investees       36,786
Change in working capital:        
Trade receivables, advance to suppliers, net investment in sales-type lease 1,313,596 55,040,476 622,707 (7,406,143)
Inventories (12,541,863) (525,511,732) (20,241,698) (3,857,721)
Trade payables, deferred revenues, and other payables (9,660,611) (404,785,465) 17,792,820 760,098
Operating lease liabilities (911,530) (38,193,665) (420,877) (224,085)
Prepayments, other receivables and other assets (547,480) (22,939,747) (27,080) 166,251
Net cash flows used in operating activities (53,649,366) (2,247,941,256) (35,628,413) (28,969,088)
INVESTING ACTIVITIES        
Purchase of property, plant and equipment, and intangible assets (including deposit paid under construction contracts) (24,953,280) (1,045,557,697) (17,681,672) (6,007,925)
Repayment under a business investment and cooperation contract     (968,773)  
Receipt from government grants 393,934 16,506,076    
Proceeds from disposal of internal combustion engine ("ICE") assets     170,017  
Proceeds from disposal of property, plant and equipment 1,003,506 42,047,515 1,412,976 48,798
Disbursement of bank deposit     (3,902) (3,219,449)
Collection of loans 545,400 22,852,594 1,034,648 11,054,900
Payment for acquisition of a subsidiary (net of cash held by entity being acquired) (6,900) (289,114)   (77,099)
Proceeds from disposal of equity investment (net of cash held by entity being disposed)     (2,240) 196,407
Proceed from disposal of net assets under common control       424,418
Net cash flows from/(used in) investing activities (23,017,340) (964,440,626) (16,038,946) 2,420,050
FINANCING ACTIVITIES        
Capital contribution from owners/issuance of ordinary shares 4,759,291 199,417,204 6,317,129 9,988,508
Additional amount paid up to convert warrants to capital 1,421,444 59,559,373    
Deemed contribution from owners 20,647,786 865,154,865 646,655  
Deemed distribution to owners for transactions under common control       (498,959)
Payment for initial public offering costs     (41,649)  
Proceeds from borrowings, business cooperation contract and convertible debenture 101,315,083 4,245,163,957 87,660,103 38,042,837
Repayment of borrowings (50,722,940) (2,125,322,216) (41,637,135) (18,677,191)
Net cash flows from financing activities 77,420,664 3,243,973,183 52,945,103 28,855,195
Net increase in cash, cash equivalents and restricted cash 753,958 31,591,301 1,277,744 2,306,157
Cash, cash equivalents and restricted cash at January 1 4,271,442 178,976,033 3,024,916 827,742
Net foreign exchange differences (266,319) (11,158,929) (31,218) (108,983)
Cash, cash equivalents and restricted cash at December 31 4,759,081 199,408,405 4,271,442 3,024,916
Supplement disclosures of non-cash activities        
Debt conversion to equity     71,515,874 4,121,775
Non-cash property, plant and equipment additions 7,313,950 306,458,979 13,349,412 2,274,048
Exercise of warrant liability 1,476,476 61,865,290    
Commitment shares issued under Standby Equity Subscription Agreement 118,828 4,978,966    
Borrowings by converting from the Group's consideration payable for acquisition of Vingroup Investment Vietnam JSC       4,693,380
Establishment of right-of-use assets and lease liabilities at commencement dates and lease modification 3,678,024 154,111,456 2,772,465 1,318,222
Non-cash consideration included in the purchase consideration of business combination       280,912
Interest payable conversion to debt     2,625,845  
Supplemental Disclosure        
Interest paid, net of capitalized interest 7,487,827 313,744,532 4,378,839 2,873,846
Income tax paid ₫ 99,791 $ 4,181,304 ₫ 22,618 ₫ 51,409