Preparer: NCN 2/5/2007

Reviewer: [ ]

Financial
BALANCEStatements
SHEET- WPP 2006 2231: 1/22
As at 31 December 20X1

Unit: VND
Description Codes Notes 31/12/20X1 31/12/20X0

A - CURRENT ASSETS 100 171,342,641,991 227,238,530,402

(100=110+120+130+140+150)

I. Cash and cash equivalents 110 4.1 5,526,422,339 7,264,887,691

1. Cash 111 5,526,422,339 5,264,887,691
2. Cash equivalents 112 2,000,000,000
II. Short-term financial investments 120 - -
1. Short-term investments 121 - -
2. Provision for diminution in value of
short-term investments 129 - -

III. Short-term receivables 130 47,969,179,572 53,172,587,350

1. Trade accounts receivable 131 46,656,882,179 38,300,794,278
2. Advances to suppliers 132
3. Inter-company receivables 133

4. Receivables from construction contracts

under percentage of completion method 134 - -
5. Other receivables 138 2,927,011,795 15,025,493,773
6. Provision for doubtful debts 139 (1,614,714,402) (153,700,701)

IV. Inventories 140 4.2 114,446,329,350 151,788,316,602

1. Inventories 141 114,650,806,286 154,464,069,270
2. Provision for devaluation in inventories 142 (204,476,936) (2,675,752,668)

V. Other short-term assets 150 3,400,710,730 15,012,738,759

1. Short-term prepayments 151 1,542,381,505 1,172,101,774
2. VAT deductibles 152 16,623,691 13,443,812,985
3. Other receivables from the State budget 154 4.3 1,311,811,034
4. Other short-term assets 158 529,894,500 396,824,000

B - NON-CURRENT ASSETS 200 263,237,068,283 250,557,454,249

(200 = 210+220+240+250+260)

I. Long-term receivables 210 1,017,190,789 967,190,789

1. Long-term receivables from customers 211
2. Long-term inter-company receivables 212
3. Other long-term receivables 213 1,017,190,789 967,190,789
4. Provision for doubtful long-term debts 219

II. Fixed assets 220 246,283,856,759 233,419,114,772

1. Tangible fixed assets 221  4.4 227,291,629,959 173,733,499,621

- Cost 222 272,622,819,173 211,523,956,758
- Accumulated depreciation 223 (45,331,189,214) (37,790,457,137)
2. Finance leases 224  4.5 - -
- Cost 225
- Accumulated depreciation 226

Kimberly-Clark Vietnam Ltd.

09/01/2021 [Link]
Period End: 12/31/2006
 Preparer: NCN 2/5/2007
Reviewer: [ ]

Financial Statements
3. Intangible fixed- assets
WPP 2006 227  4.6 - 2231:
- 2/22
- Cost 228
- Accumulated amortization 229
4. Construction in progress 230 4.7 18,992,226,800 59,685,615,151

III. Investment property 240  4.8 - -

- Cost 251 - -
- Accumulated depreciation 242 - -

IV. Long-term financial investments 250 - -

1. Investments in subsidiaries 251
2. Investments in joint-ventures, corporatio 252
3. Other long-term financial investments 258
4. Provision for diminution in value of
long-term security investments 259

V. Other none-current assets 260 15,936,020,735 16,171,148,688

1. Long-term prepayments 261 4.12  15,274,076,988 15,654,898,332
2. Deferred tax assets 262 4.13 661,943,747 516,250,356
3. Other none-current assets 268 - -

TOTAL ASSETS (270 = 100 + 200) 270 434,579,710,274 477,795,984,651

C. LIABILITIES (300=310+320) 300 452,717,901,079 542,368,927,433

I. Current liabilities 310 359,895,919,501 457,909,054,514

1. Short-term loans 311 4.14 248,334,464,182 307,940,479,230

2. Trade accounts payable 312 46,825,330,369 66,055,581,773
3. Advances from customers 313
4. Taxes and amounts payable to State budg 314 4.15 4,632,040,864 14,302,472,633
5. Payables to employees 315 2,875,000 -
6. Accrued expenses 316 47,932,899,291 54,044,258,119
7. Inter-company payables 317
8. Payables relating to construction
contracts under percentage of completion
method 318
9. Other current payables 319 12,168,309,795 15,566,262,759
10. Short-term provisions 320

II. Long-term liabilities 320 92,821,981,578 84,459,872,919

1. Long-term trade payables 321

2. Long-term payables to inter-company 322 4.16
3. Other long-term payables 323 15,385,994,482 12,529,000,000
4. Long-term loans and liabilities 334 4.17 73,307,077,096 68,923,075,919
5. Deferred tax liabilities 325 4.13
6. Provision for severance allowance 336 4,128,910,000 3,007,797,000
7. Long-term provisions 337

D. EQUITY (400=410+420) 400 (18,138,190,805) (64,572,942,782)

I. Owner’s equity 410 4.18 (18,138,190,805) (64,572,942,782)

1. Legal capital 411 103,161,502,850 54,633,261,000

Kimberly-Clark Vietnam Ltd.

09/01/2021 [Link]
Period End: 12/31/2006
 Preparer: NCN 2/5/2007
Reviewer: [ ]

Financial Statements
2. Share premium- WPP 2006 412 2231: 3/22
3. Cash bond 413
4. Assets revaluation difference 414
5. Foreign exchange difference 415
6. Investment and development funds 416
7. Financial reserve funds 417 3,111,510,000 3,111,510,000
8. Other owner’s funds 418
9. Retained earnings (Accumulated losses) 419 (124,411,203,655) (122,317,713,782)
II. Other resources and other funds 420 - -
1. Bonus and welfare funds 421
2. Funds 422
3. Business development fund 423

TOTAL EQUITY (430 = 300+ 400) 430 434,579,710,274 477,795,984,651

Check Balance Balance

Kimberly-Clark Vietnam Ltd.

09/01/2021 [Link]
Period End: 12/31/2006
 Preparer: NCN 2/5/2007
Reviewer: [ ]

Financial
INCOME Statements - WPP 2006
STATEMENT 2231: 4/22
Year 20X1

ITEMS Codes Notes 20X1

1. Gross sales of merchandise and services 1 4.19 709,267,318,101

2. Less deductions 3 45,935,810,265
3. Net sales of merchandise and services (10=01-03) 10 663,331,507,836
4. Cost of goods sold 11 4.2 391,500,724,550
5. Gross profit from sales of merchandise and servic 20 271,830,783,286
6. Financial income 21 4.21 2,389,750,410
- Including: Interest income
Foreign exchange gain
7. Financial expenses 22 4.21 33,179,650,303
- Including : Interest expense 23
Foreign exchange loss
8. Selling expenses 24 177,733,570,304
9. General and administration expenses 25 53,808,265,443
10. Operating profit/(loss) 30 9,499,047,646
(30 = 20+(21-22)-(24+25))
11. Other income 31 4,270,255,072
12. Other expenses 32 3,260,786,309
13. Profit/(loss) from other activities (40=31-32) 40 4.22 1,009,468,763
14. Net profit/(loss) before tax 50 10,508,516,409
(50=30+40)
15. Corporate income tax 51 4.23 12,747,699,673
16. Deferred tax income/(expense) 52 (145,693,391)
17. Net profit/(loss) after tax 60 (2,093,489,873)
(60=50-51)

Kimberly-Clark Vietnam Ltd.

09/01/2021 [Link]
Period End: 12/31/2006
 Preparer: NCN 2/5/2007
Reviewer: [ ]

Financial Statements - WPP 2006 2231: 5/22

Unit: VND
20X0

588,615,583,923
38,865,410,186
549,750,173,737
316,452,954,334
233,297,219,403
1,444,028,287

1,141,709,875
23,859,541,032
22,177,025,722
1,682,515,310
148,036,796,483
46,520,721,161
16,324,189,014

9,489,074,792
2,868,707,540
6,620,367,252
22,944,556,266

15,780,608,999
3,879,556,958
3,284,390,309

Kimberly-Clark Vietnam Ltd.

09/01/2021 [Link]
Period End: 12/31/2006
Cash on hand 20,000,000
Cash in bank 5,506,422,339
Cash in transit 0
Cash equivalent 0
TB Total - Cash 5,526,422,339

Book Per counted

Petty Cash at HCMC - VND 10,000,000 8,150,000
Petty Cash Binh Duong VND 10,000,000 5,060,800
Total 20,000,000 13,210,800

Cash in bank (VND) VND USD

Cash at Citibank VND 4,790,823,100
Cash at ANZ bank- VND 74,035,191
Cash Invest &Develop Bank- VND 313,994,983
Cash at Citibank USD 327,569,065 20,394
Total 5,506,422,339 20,394
 Trade accounts receivable 30,664,973,272
Value Added Tax (VAT) deductible 16,623,691
Internal receivables 13,410,737,712
Other receivables 7,942,199,546
Provision for doubtful debts (1,614,714,402)
Advances to suppliers 0
TB Total - Accounts receivable 50,419,819,819

Trade Receivables
1 Customer 1 6,727,879,105
2 Customer 2 1,314,839,383
3 Customer 3 1,272,259,331
4 Customer 4 795,654,127
5 Customer 5 783,039,876
6 Customer 6 673,295,182
7 Customer 7 636,169,295
8 Customer 8 455,837,618
9 Customer 9 407,021,994
10 Customer 10 368,506,289
11 Others (small) 17,230,471,072
Total 30,664,973,272

Bad debts

Openning Write
Name Balance Additions off

Provision for Bad Debts from Customers 153,700,701 1,461,013,701 -

153,700,701 1,461,013,701 -
Reverse
the
Provisio Ending
n Ref Balance

- 1,614,714,402
- 1,614,714,402
Goods-in-transit 29,636,710
Raw materials 44,214,553,730
Tools and supplies 14,366,155,747
Work-in-progress 0
Finished goods 35,881,629,444
Merchandise 12,559,812,110
Goods on consignment 0
Goods in bonded warehouse 0
Provision for decline in inventory (204,476,936)
TB Total - Inventories 106,847,310,805

Net Realizable Value of Finish goods

Inventory Total Qty. Unit cost

Code Unit Value per books per books

33085020 PD 247,010,976 70,080 3,525

32055031 PD 255,561,696 685,152 373
32165002 PD 2,053,578,432 6,185,472 332
32052014 PD 577,825,056 1,275,552 453
32162002 PD 3,012,813,696 8,632,704 349
33083056 PD 172,513,710 101,700 1,696
35121012 Box 164,774,600 26,960 6,112
32055030 PD 155,984,400 399,960 390
32161001 PD 779,061,888 2,623,104 297
32041153 PD 606,811,167 2,064,000 294
32032137 PD 296,904,960 836,352 355
32041153 PD 606,811,167 2,064,000 294
32045127 PD 1,163,277,553 3,612,672 322
32042134 PD 505,212,978 1,407,360 359

Raw material
Per book Latest invoice (p
Code Qty Amount Unit Cost Qty
10160030 1,832,424 1,218,083,221 665 107,316
10020024 1,777,895 2,633,467,962 1,481 189,968
10140010 22,268 434,469,135 19,511 22,163
12040220 4,975,649 777,765,385 156 524,499
10060002 649,786 7,466,367,519 11,491 8,366
10020026 173,520 137,198,315 791 237,600
 12030207 367,529 253,659,701 690 252,540
10000002 422,790 406,432,571 961 124,185
12040216 9,836 428,351,334 43,548 798
10000007 371,136 596,203,939 1,606 370,560
10020023 196,650 210,191,773 1,069 105,480
10020022 116,766 124,468,842 1,066 19,656
12050701 18,553 840,550,479 45,305 9,600
10140009 36,214 695,711,728 19,211
13081200 19,746 411,843,978 20,857 5,782
12050702 28,199 1,202,302,022 42,637 19,200
12010801 30,055 841,011,378 27,982 14,000

Merchandise
Per books Latest invo
Code Qty Amount Unit Cost Qty
42500023 423,276 787,878,724 1,861 211,680
43083020 1,800,792 2,499,613,632 1,388 272,160
43083021 1,262,772 1,953,850,503 1,547 244,944
43083022 460,908 756,384,853 1,641 217,728
35120020 1,984 258,030,331 130,056 2,496
35121020 2,203 366,102,911 166,184 1,608

Provison for obsolescence

Debit Credit
Openning balance 2,675,752,668
1/25/2006 Revert accrual slow moving 906,811,776
10/26/2006 Revert provision of stock 368,820,505
12/30/2006 Revert provision for stock Q4.051,400,120,387
12/30/2006 Provision for stock Q4.06 204,476,936
2,675,752,668 204,476,936
Ending balance 204,476,936

Damaged stock list

Item Number Quantity Most Recent Cost
10140016 5,708.74 54,895,291
12050260 1,916.00 515,748
12050901 5,400.00 661,500
13080406 12,000.00 1,594,233
13081200 196.00 4,290,074
32031137 288.00 83,520
35120020 0.70 90,544
35121007 216.00 113,049
10020024 952.17 1,409,534
10120004 7,650.00 7,575,683
12010400 34,998.00 9,766,743
12050303 125,600.00 13,022,309
12050901 36,000.00 4,410,000
13080500 0.40 634
21300001 3,850.00 1,432,200
22030200 365.00 378,140
22045319 6,600.00 945,596
22055309 11,440.00 3,205,717
32152001 144,000.00 60,480,000
32400702 1,296.00 479,520
33089009 33,528.00 31,784,544
43083019 9.00 11,232
43083020 222.00 306,904
43083021 588.00 906,028
43083022 853.00 1,396,001
32051006 648.00 164,592
34120000 4,000.00 156,000
34120001 110,040.00 4,401,600
891,633.56 204,476,936
 Converted to Selling Invoice
No. of units / caseCost per case Price/case number date

192 676,742 900,000 9321 16/01/20X2

288 107,424 369,818 9320 16/01/20X2
192 63,744 353,455 9320 16/01/20X2
288 130,464 294,545 9320 16/01/20X2
384 134,016 353,455 9319 16/01/20X2
180 305,334 409,091 9319 16/01/20X2
40 244,473 396,364 9315 16/01/20X2
180 70,200 255,273 9313 16/01/20X2
384 114,048 274,909 9312 16/01/20X2
384 112,895 240,000 9312 16/01/20X2
288 102,240 252,000 9312 16/01/20X2
384 112,895 240,000 9312 16/01/20X2
384 123,648 336,000 9312 16/01/20X2
384 137,848 314,182 9312 16/01/20X2

Latest invoice (purchase)

Amount Unit Cost
72,153,126 672
281397540 1,481
432,420,466 19,511
83,868,124 160
96,027,001 11,478
187,864,913 791
 178,442,556 707
120,347,362 969
35,901,288 44,989
590,752,434 1,594
112,756,395 1,069
21,011,870 1,069
434,954,603 45,308
421,854,602 19,526
121,878,211 21,079
820,224,923 42,720
391,705,345 27,979

Latest invoice
Amount Unit Cost
394,017,540 1,861
377,775,360 1,388
379,060,074 1,548
357,308,099 1,641
324,618,803 130,056
267,223,550 166,184
 Current year Prioryear audited FS
FA - Cost 264,340,654,899 216,703,673,702
FA - Accumulated depreciation (44,711,960,818) (42,008,427,192)
TB Total - Fixed assets 219,628,694,081 174,695,246,510

Finance lease - Cost 0 0

Finance lease - Accumulated depreciation 0 0
TB Total - Finance lease assets 0 0

Construction in progress 31,411,204,054 58,642,711,187

TB Total - Construction in progress 31,411,204,054 58,642,711,187

Fixed assets - movement

COST
Description Opening Balance Additions Transfer from CIP

Building & Structures 81,068,815,762 - 1,066,755,495

Machine & Equipment 121,093,788,182 903,308,905 56,763,133,330
Transportation 5,156,257,178 - 562,645,544
Others 9,384,812,580 212,844,909 3,514,410,193

216,703,673,702 1,116,153,814 61,906,944,562

Audited FS
Depreciation
Current
Description Opening Balance Depreciation
Building & Structures (5,624,041,665) (2,146,366,341) -
Machine & Equipment (30,669,886,656) (9,424,631,230) -
Transportation (1,331,223,469) (1,029,950,158) -
Others (4,383,275,402) (2,237,498,449) -

(42,008,427,192) (14,838,446,178) -

Net value
Building & Structures 75,444,774,097
Machine & Equipment 90,423,901,526
Transportation 3,825,033,709
Others 5,001,537,178
174,695,246,510

Fixed asset addition

Posting Seq. Batch Entry Voucher Date Description
5895 6615-15 7/5/2006 Electric Power Pallet

Fixed asset disposal

Accumulated
Fixed Assets Historical Cost NBV
Depreciation

Toyota crown 344,695,700 344,695,700 -

Daewoo - Huyen 238,010,653 148,239,637 89,771,016
Daewoo - Hanh 262,321,611 60,115,374 202,206,237
KIA Pride CD5 161,500,368 117,750,942 43,749,426
Installation fee-BD04 2,164,145,711 205,593,841 1,958,551,870
Leasedhold-improvement 309,968,966 225,472,649 84,496,317
M&E 8,883,205,380 8,307,375,350 575,830,030
M&E-Others 78,181,600 78,181,600 -
Office equip. 9,972,300 7,846,225 2,126,075
M&E-Others 460,844,468 229,913,282 230,931,186
Office equip 2,537,693,851 2,646,467,332 (108,773,481)
M&E-Others-Adj. -281,700,338 -18,780,024 (262,920,314)
Office equip-Adj. 217,276,909 -217,959,356 435,236,265
Total 15,386,117,179 12,134,912,552 3,251,204,627

Depreciation expenses
Account Description Amount
6274110-10-14-0020 Factory O/H-FA Depreciation 12,953,360,693
6274110-10-14-0021 Fac. O/H - HN -FA Depreciation 130,032,072

6414110-10-14-0030 Distribution- FA Depr 110,714,929

6414110-10-14-0060 Selling- FA Depr 44,936,062
6414110-10-14-0070 Mkt- FA Depr 102,163,791

6424110-10-14-0091 G&A- Fixed Asset Depr-Finance 291,753,612

6424110-10-14-0092 G&A- Fixed Asset Depr-Purchase 7,882,058
6424110-10-14-0093 G&A- Fixed Asset Depr-P & Admi 489,169,669
6424110-10-14-0094 G&A- Fixed Asset Depr-Manageme 369,969,267

6427950-10-14-0095 G&A - Hardware depreciation - MIS 650,980,915

Total
Construction in progress - movement

Beginning balance 58,642,711,187

Addtions 34,675,437,429
Transfer to FA (61,906,944,562)
Transfer to expense -
Other disposal -
Closing balance 31,411,204,054

Construction projects as at 31/12/20X1

Description Ending balance
Ongoing Project A1 324,042,903
Ongoing Project A2 (799,407,901)
Ongoing Project A3 850,916
Ongoing Project A4 (122,908,853)
Ongoing Project A5 (35,066,560)
Ongoing Project A6 (86,371,566)
Ongoing Project A7 52,875,758
Ongoing Project A8 (2,251,840)
Ongoing Project A9 489,021,144
Ongoing Project A10 5,235,871,232
Ongoing Project A11 (43,749,043)
Ongoing Project A12 30,284
Ongoing Project A13 9,065,118,069
Ongoing Project A14 9,430,890,450
Ongoing Project A15 3,170,988,255
Ongoing Project A16 106,334,992
Ongoing Project A17 595,569,969
Ongoing Project A18 2,475,365,076
Ongoing Project A19 323,295,107
Ongoing Project A20 753,667,521
Ongoing Project A21 193,912,290
Ongoing Project A22 235,154,410
Total 31,363,232,613

Construction transfer to Fixed assets

Project Amount
Completed Project 1 25,812,065,542
Completed Project 2 1,158,730,598
Completed Project 3 28,790,732,520
Completed Project 4 275,278,755
Completed Project 5 281,700,338
Completed Project 6 950,400,000
Completed Project 7 726,325,915
Completed Project 8 228,034,680
Completed Project 9 1,066,755,495
Completed Project 10 562,645,544
Completed Project 11 24,482,920
Completed Project 12 700,770,004
Completed Project 13 64,679,520
Completed Project 14 955,682,351
Completed Project 15 290,579,250
Completed Project 16 18,081,130
Total 61,906,944,562

Some CIP addition records in general ledger

Voucher Date Descriptions Amount (VND)
126004670 9/25/2006 AAA 8,533,961,875
11269 9/27/2006 BBB 6,927,594,491
126004658 9/25/2006 CCC 1,508,398,160
126000623 2/21/2006 DDD 1,052,597,375
126003876 8/14/2006 EEE 911,527,026
126003907 8/14/2006 FFF 842,405,568
126002760 6/11/2006 GGG 666,160,888
326001501 12/31/2006 HHH 530,410,076
230004086 11/13/2006 LLL 434,013,824
126005093 10/19/2006 KKK 149,610,763

Fixed assets verification

Asset Description Asset # Location Cost $

Production line 1 BD 01 Binh Duong Mill 36,884,792,561

Production line 2 BD 02 Binh Duong Mill 24,620,614,523
Production line 3 BD 03 Binh Duong Mill 37,242,120,076
Production line 4 BD 04 Binh Duong Mill 13,662,464,158
Production line 5 BD 05 Binh Duong Mill 26,849,679,648
Production line 6 BD 06 Binh Duong Mill 29,702,330,725
Fixed asset 1 BD-106 Binh Duong Mill 2,459,017,905
Fixed asset 2 HCM-004 HCM-MGT 1,265,531,727
Fixed asset 3 HCM-017 HCM-FIN 26,398,980
Fixed asset 4 HCM-066 HCM-FIN 15,443,520
Fixed asset 5 HCM-067 HCM-ADM 57,010,600
Fixed asset 6 HCM-070 HCM-IT 1,645,023,873
Fixed asset 7 BD-104 Binh Duong Mill 334926520
Fixed asset 8 BD-108 Binh Duong Mill 51062400
Fixed asset 9 BD-105 Binh Duong Mill 570,019,195
Fixed asset 10 BD-088 Binh Duong Mill 36,767,800
Reclassification Disposals Closing Balance

(4,634,344,789) (309,968,966) 77,191,257,502

(4,951,158,429) (10,982,927,662) 162,826,144,326
- (1,006,528,332) 4,712,374,390
9,585,503,218 (3,086,692,219) 19,610,878,681

- (15,386,117,179) 264,340,654,899

Reclassification Disposals Closing Balance

2,902,670,142 225,472,649 (4,642,265,215)
(1,475,753,731) 8,276,229,811 (33,294,041,806)
261,685,143 670,801,653 (1,428,686,831)
(1,688,601,554) 2,962,408,439 (5,346,966,966)

0 12,134,912,552 (44,711,960,818)

72,548,992,287
129,532,102,520
3,283,687,559
14,263,911,715
219,628,694,081

Amount
 91,348,571

Proceed Gain/Loss

83,171,136 83,171,136
(89,771,016)
146,363,636 (55,842,601)
(43,749,426)
(1,958,551,870)
19,068,840 (65,427,477)
129,951,354 (445,878,676)
-
479,805 (1,646,270)
(230,931,186)
108,773,481
262,920,314
(435,236,265)
379,034,772 (2,872,169,855)

13,083,392,765

257,814,782

1,158,774,606

14,499,982,153
 Invoice No. Invoice Date
20060257 21-Sep-06
976 9-Aug-06
953 7/30/2006
0028768 2/14/2006
0015868 7/19/2006
20050135 5/5/2006
0069953 5/25/2006

20061011HO1 11/10/2006
No.02 2/10/2006

Existence Comments (e.g.

NBV $ Verified ? physical condition)

23,440,174,245 yes good

14,213,254,375 yes good
30,620,182,904 yes good
11,607,518,158 yes good
25,553,704,799 yes good
28,347,142,423 yes good
2,163,375,933 yes good
34,933,948,714 yes good
1,422,245,048 yes good
14,800,040 yes good
1,258,033,907 yes good
36,437,278,787 yes good
242,821,727 yes good
44,679,600 yes good
527,267,755 yes good
35,235,808 yes good