9. OTHERS FINANCIAL ASSETS 

 

 

(1) As at 31 December 2018, the value of investment of which paid-back receipt is in progress is transferred from “Other current asset” to “Receivables from disposal of financial assets” and “Provision for impairment of receivables” in accordance with regulations. 
 
Details of provision for impairment of receivables 
 
 
10. OTHER SHORT-TERM ASSETS
 
 
(1) These represent short-term cost of investment relating to the contract between the Company and its customers for selling the shares of Hoang Anh Gia Lai International Agriculture JSC, previously known as Hoang Anh Gia Lai Rubber JSC. Accordingly, the customer will make payments to the Company in accordance with the payment schedule specified in the contract. The control of shares will be transferred to the buyer in line with the payment schedule. The underlying shares after transfer will be blocked and used as collateral assets for the contract. The value of investment awaiting for payback at the beginning of the year is determined as the difference between original costs of the investment sold, awaiting for payback and the provision for diminution in value of collaterals based on their fair value at reporting date. The Company has sold the collateral shares to recover part of the investment in accordance with the conditions agreed in the contract. As at 31 December 2018, the value of investment of which paid-back receipt is in progress is transferred from “Other current asset” to “Receivables from disposal of financial assets” and “Provision for impairment of receivables” in accordance with regulations.
 
11. LONG-TERM INVESTMENTS
 
 
(1) As at 31 December 2018, among term deposits and certificates of deposit with remaining maturity of more than 1 year, VND 200,000,000,000 is used as collaterals for bank overdrafts and VND 100,000,000,000 is used as collaterals for short-term borrowings.
 
(2) As at December 2018, 13,880,120 shares under investments in associates with par value of VND 138,801,200,000 are used as collaterals for short-term borrowings of the Company.
 
Movements of investments in associates of the Company were as follows:
 

 

12. TANGIBLE FIXED ASSETS

 

 

Additional information on tangible fixed assets:

 

 

13. INTANGIBLE FIXED ASSETS

 


Additional information on intangible fixed assets:

 

 

14. INVESTMENT PROPERTIES 

 

 

Investment properties are buildings in the United States of America which were bought by SSI International Corporation for leasing purpose. As at 31 December 2018, the cost of those assets was recorded in USD and converted into VND in SSIIC financial statements using transfer exchange rate of commercial bank where the Fund maintains bank account. Difference arising from the conversion is to be presented in the “Foreign exchange rate differences” item in Owners’ equity. Properties leasing revenue for the year ended 31 December 2018 is VND 4,217,739,297.

 

15. CONSTRUCTION IN PROGRESS