Century Synthetic Fiber : Q1.2022 Financial Report (IFRS)

Century Synthetic Fiber Corporation

IFRS-converted consolidated financial statements

For the quarter ended 31 March 2022

Century Synthetic Fiber Corporation
CONTENTS
Pages
General information	1 - 2
Report of management	3
Report on factual findings	4 - 5
Consolidated statement of profit or loss	6
Consolidated statement of other comprehensive income	7
Consolidated statement of financial position	8
Consolidated statement of changes in equity	9 - 10
Consolidated statement of cash flows	11
Notes to the consolidated financial statements	12 - 49

GENERAL INFORMATION

THE COMPANY

Century Synthetic Fiber Corporation ("the Company") is a shareholding company incorporated under the Law on Enterprise of Vietnam and currently operates based on the 19th Amended Enterprise Registration Certificate No. 0302018927 issued by the Department of Planning and Investment of Ho Chi Minh City on 10 August 2020.

The Company was listed its shares on the Ho Chi Minh Stock Exchange with trading code as STK in accordance with Decision No. 410/QD-SGDHCM issued by the Ho Chi Minh Stock Exchange on 10 September 2015.

The Company's registered head office is located at Lot B1-1 North West Cu Chi Industrial Zone, Cu Chi District, Ho Chi Minh City, Vietnam. In addition, the Company has Trang Bang Branch, located at Street No.8, Trang Bang Industrial Zone, Trang Bang District, Tay Ninh Province, and one representative office, located at 102-104-106 Bau Cat, Ward 14, Tan Binh District, Ho Chi Minh City, Vietnam.

The Group is principally engaged in the manufacturing of synthetic yarn and knitting. Information on the Group's structure is provided in Note 7. Information on other related party relationships of the Group is provided in Note 23.

BOARD OF DIRECTORS

Members of the Board of Directors during the year and at the date of this report are:

Ms Dang My Linh	Chairman
Mr Dang Trieu Hoa	Vice Chairman
Mr Dang Huong Cuong	Member
Ms Cao Thi Que Anh	Member
Mr Chen Che Jen	Member
Mr Vo Quang Long	Member
Mr Nguyen Quoc Huong	Member
BOARD OF SUPERVISION

Members of the Board of Supervision during the year and at the date of this report are:

Mr Nguyen Tu Luc	Head
Ms Hoang Nu Mong Tuyen	Member
Ms Dinh Ngoc Hoa	Member

GENERAL INFORMATION (continued)

MANAGEMENT

Members of the Management during the year and at the date of this report are:

Mr Dang Trieu Hoa	General Director
Ms Nguyen Phuong Chi	Chief Strategic Officer
Mr Phan Nhu Bich	Chief Financial Officer
LEGAL REPRESENTATIVE

The legal representative of the Company during the year and at the date of this report is Mr Dang Trieu Hoa.

AUDITORS

The auditor of the Company is Ernst & Young Vietnam Limited.

REPORT OF MANAGEMENT

Management of Century Synthetic Fiber Corporation ("the Company") is pleased to present this report and the IFRS-converted consolidated financial statements of the Company and its subsidiary ("the Group") for the quarter ended 31 March 2022.

MANAGEMENT'S RESPONSIBILITY IN RESPECT OF THE IFRS-CONVERTED CONSOLIDATED FINANCIAL STATEMENTS

Management is responsible for the IFRS-converted consolidated financial statements of each financial year which give a true and fair view of the consolidated financial position of the Group and of the results of its consolidated operations and its consolidated cash flows for the year. In preparing those IFRS-converted consolidated financial statements, management is required to:

•  select suitable accounting policies and then apply them consistently;

•  make judgements and estimates that are reasonable and prudent;

•  state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the IFRS-converted consolidated financial statements; and

•  prepare the IFRS-converted consolidated financial statements on the going concern basis unless it is inappropriate to presume that the Group will continue in business.

Management is responsible for ensuring that proper accounting records are kept which disclose, with reasonable accuracy at any time, the IFRS-converted consolidated financial position of the Group and to ensure that the accounting records comply with the applied accounting system. It is also responsible for safeguarding the assets of the Group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Management confirmed that it has complied with the above requirements in preparing the accompanying IFRS-converted consolidated financial statements.

STATEMENT BY MANAGEMENT

Management of the Group, does hereby state that, in its opinion, the accompanying IFRS-converted consolidated financial statements present fairly the consolidated financial position of the Group as at 31 March 2022 and its consolidated financial performance and its consolidated cash flows for the year then ended in accordance with International Financial Reporting Standards.

For and on behalf of management:

Dang Trieu Hoa

General Director

20 April 2022