SOL A | SOL B | |
USD 74.25+1.02% | USD 73.95+0.61% | |
18-04-2024 (EoD Closing) |
Financial Statements
Downloads
Audited 2022 Consolidated FS with notes | Audited Standalone FS 2022 | |||||
Balance Sheet (2022) | XLSX | Cashflow Statement (2022) | XLSX | |||
Income Statement (2022) | XLSX | Changes in Equity (2022) | XLSX |
Previous Audited Consolidated Financial Statements with notes | 2021 [PDF] | 2020 [PDF] | 2019 [PDF] | 2018 [PDF] |
2022 | 2021 | 2020 | 2019 | 2018 | |
Cash and banks balances | |||||
Cash on hand | 6,157,035 | 1,740,795 | 1,303,470 | 519,433 | 20,284 |
Checks for collection | 8,774 | 771,863 | 366,642 | 407,669 | 13,237,344 |
Current accounts | 24,743,699 | 85,390,942 | 121,426,918 | 22,462,914 | 8,252,367 |
Short term deposits | 16,517,097 | 11,767,587 | 5,368,634 | 4,892,398 | 5,669,800 |
47,426,605 | 99,671,187 | 128,465,664 | 28,282,414 | 27,179,795 | |
Less: Allowance for expected credit losses | (1,359,471) | (9,048,177) | (12,836,689) | (7,836,689) | (157,352) |
Cash and banks balances | 46,067,134 | 90,623,010 | 115,628,975 | 20,445,725 | 27,022,443 |
Accounts and notes receivables, net | |||||
Notes receivable | 9,169,188 | 53,990,769 | 87,463,704 | 189,768,377 | 295,200,405 |
Accounts receivable | 7,054,904 | 17,471,757 | 14,786,525 | 20,213,200 | 4,485,723 |
less: unearned interest | (2,126,170) | (7,040,221) | (8,300,327) | (45,038,621) | (54,324,622) |
less: Allowance for impairment on notes and accounts receivable | (11,643,466) | (51,292,439) | (52,170,021) | ||
less: provision for problematic receivables | (106,147,295) | (158,597,754) | |||
less: provision for collectively assessed receivables | |||||
Receivable from tenants | 56,966,377 | 48,793,211 | 43,057,385 | 49,082,590 | 40,354,859 |
less: Allowance for impairment on receivable from tenants | (56,888,768) | (48,433,691) | (41,820,196) | ||
Reserve account and deferred charges on BCD 1 Fund | - | - | 12,279,048 | 12,279,048 | 12,279,048 |
Reserve account and deferred charges on BCD 2 Fund | - | - | - | 9,778,969 | 7,178,969 |
Deferred charges from securitization of notes | - | - | - | - | - |
Accounts and notes receivables, net | 2,532,065 | 13,489,386 | 55,296,118 | 129,936,268 | 146,576,628 |
Prepayments and other debit balances | |||||
Due from associates, joint ventures and related parties | 264,792 | 32,261 | 30,150,050 | 2,946,102 | 2,008,882 |
Prepaid expenses | 6,397,191 | 7,883,025 | 7,049,448 | 6,770,209 | 7,174,896 |
Deferred tax assets | - | - | 1,827,500 | 1,827,500 | 7,989,544 |
Advances to employees | 800,852 | 677,816 | 951,484 | 997,789 | 624,270 |
Value added tax (VAT) receivable | 5,715,961 | 3,895,209 | 681,264 | ||
Advance payments to contractors | 666,871 | 2,336,465 | 135,709 | 149,449 | 4,110,603 |
Other debit balances, (net) | 1,955,073 | 1,348,866 | 1,637,174 | 5,989,560 | 31,133,044 |
Accrued interest income | 234,048 | - | - | - | 146,205 |
Prepayments and other debit balances | 16,034,788 | 16,173,642 | 42,432,629 | 18,680,609 | 53,187,444 |
Financial assets at amortized cost | |||||
US Treasury bills | 13,853,678 | - | - | - | - |
Private corporate bonds | 7,850,000 | - | - | - | - |
21,703,678 | - | - | - | - | |
Investment in asset-backed securities | |||||
BCD 1: | |||||
Class A | - | - | - | - | - |
Class B | - | - | 5,378,559 | 5,378,559 | 10,558,924 |
Class C | - | - | 10,160,450 | 10,160,450 | 10,160,450 |
- | - | 15,539,009 | 15,539,009 | 20,719,374 | |
BCD 2: | |||||
Class A | - | - | - | 5,327,578 | 6,546,883 |
Class B | - | - | - | 24,333,120 | 24,333,120 |
- | - | - | 29,660,698 | 30,880,003 | |
Allowance for expected credit losses | - | - | (7,100,000) | (36,500,000) | (31,900,000) |
Investment in asset-backed securities | - | - | 8,439,009 | 8,699,707 | 19,699,377 |
Inventory of land and projects in progress | |||||
Land and land development works | |||||
Acquired properties | 980,215,555 | 970,823,555 | 970,823,554 | 970,823,554 | 970,823,554 |
Pre-acquisition costs | 9,412,802 | 9,412,802 | 9,412,802 | 9,412,802 | 9,412,802 |
Infrastructure costs | 962,437,988 | 958,067,837 | 954,741,703 | 951,092,346 | 939,431,499 |
Eviction costs | 260,351,968 | 260,351,968 | 260,351,968 | 260,351,968 | 260,351,968 |
Capitalized costs | 119,536,608 | 119,448,263 | 116,877,508 | 114,013,046 | 111,401,388 |
less cost of land sold, net | (1,391,110,632) | (1,379,608,233) | (1,338,360,529) | (1,161,139,948) | (1,050,320,764) |
less cost of land transferred to real estate development projects | (176,019,718) | (176,019,718) | (176,019,718) | (176,019,718) | (176,019,718) |
less cost of infrastructure transferred to real estate dev. Projects | (6,353,121) | (6,353,121) | (6,353,121) | (6,353,121) | (6,353,121) |
Land and land development works, net | 758,471,450 | 756,123,353 | 791,474,167 | 962,180,929 | 1,058,727,608 |
Real estate development projects | |||||
Construction and rehabilitation of buildings | 750,896,000 | 750,328,557 | 748,933,546 | 801,715,027 | 799,520,200 |
Cost of land | 176,019,718 | 176,019,718 | 176,019,718 | 176,019,718 | 176,019,718 |
less cost transferred to investment properties, net | (754,965,156) | (754,965,156) | (754,965,156) | (754,965,156) | (754,965,156) |
less cost transferred to property and equipment | (30,237,375) | (30,237,375) | (30,237,375) | (30,237,375) | (30,237,375) |
less cost of real estate sold | (44,164,255) | (44,164,255) | (44,164,255) | (44,164,255) | (44,164,255) |
Real estate development projects, net | 97,548,932 | 96,981,489 | 95,586,478 | 148,367,959 | 146,173,132 |
Inventory of land and projects in progress | 856,020,382 | 853,104,842 | 887,060,645 | 1,110,548,888 | 1,204,900,740 |
Investment properties, net | |||||
Land | 108,655,894 | 108,660,839 | 109,402,139 | 113,111,569 | 114,554,400 |
Buildings | 628,280,531 | 613,967,452 | 552,041,209 | 553,735,718 | 559,184,476 |
less acc. dep. | (133,385,567) | (120,984,372) | (109,900,377) | (114,560,771) | (104,380,614) |
Other assets | 37,857,838 | 37,764,484 | 37,580,461 | 37,385,327 | 36,951,788 |
less acc. dep. | (32,562,434) | (29,816,727) | (27,185,384) | (24,494,260) | (21,848,789) |
Investment properties, net | 608,846,262 | 609,591,676 | 561,938,048 | 565,177,583 | 584,461,261 |
Investment in associates and joint ventures | 355,382,272 | 356,166,471 | 327,559,539 | 351,151,080 | 397,598,001 |
Property and equipment, net | |||||
Land | 4,854,773 | 5,406,678 | 5,406,678 | 5,406,678 | 5,856,869 |
Buildings | 37,517,149 | 39,790,480 | 37,154,935 | 34,937,137 | 36,408,937 |
less acc. dep. | (11,498,721) | (10,905,178) | (9,970,588) | (13,340,137) | (13,073,673) |
Marina | 7,972,170 | 7,972,170 | 7,972,170 | 7,974,624 | 7,974,624 |
less acc. dep. | (2,763,902) | (2,763,902) | (2,603,857) | (2,298,893) | (2,128,833) |
Furniture and fixtures | 5,511,638 | 5,511,638 | 5,511,638 | 9,323,005 | 9,453,590 |
less acc. dep. | (5,335,498) | (5,243,456) | (5,054,150) | (6,027,318) | (5,808,314) |
Freehold improvements | 13,941,841 | 13,966,857 | 13,966,857 | 21,940,931 | 22,006,503 |
less acc. dep. | (12,804,368) | (12,210,787) | (11,478,874) | (11,887,712) | (11,220,107) |
Machines and equipment | 39,965,817 | 39,817,656 | 39,853,925 | 38,384,750 | 38,031,414 |
less acc. dep. | (38,594,429) | (38,362,142) | (38,353,720) | (38,782,683) | (38,419,472) |
Advances on Fixed Assets | - | - | - | (554,072) | (554,072) |
Property and equipment, net | 38,766,470 | 42,980,014 | 42,405,014 | 45,076,310 | 48,527,466 |
TOTAL ASSETS | $ 1,945,353,051 | $ 1,982,129,041 | $ 2,040,759,977 | $ 2,249,716,170 | $ 2,481,973,360 |
Bank overdrafts, short and medium term facilities | |||||
Bank overdrafts | - | - | - | 18,958,855 | 59,138,400 |
Short term facilities | - | - | - | 30,000,000 | 62,913,554 |
Bank overdrafts, short and medium term facilities | - | - | - | 48,958,855 | 122,051,954 |
Accounts payable and other liabilities | |||||
Provision for contingencies | 31,252,444 | 36,148,977 | 36,215,978 | 18,246,385 | 30,795,132 |
Accounts payable | 26,882,228 | 30,666,827 | 32,379,975 | 43,977,235 | 39,751,782 |
Accrued charges and other credit balances | 16,113,890 | 14,142,132 | 16,221,157 | 15,085,718 | 29,410,798 |
Provision for end-of-service indemnity | |||||
Balance - Beginning of the year | 10,073,068 | 10,134,161 | 9,173,683 | 10,414,651 | 13,068,155 |
Additions, net | 4,287,506 | 112,178 | 1,183,306 | 857,318 | 847,967 |
Settlements | (49,104) | (173,271) | (222,828) | (1,665,735) | (1,346,175) |
Write-back | - | - | - | (372,358) | (2,155,296) |
Transfer to provision contingencies | - | - | - | (60,193) | - |
Other | (465,646) | - | - | - | - |
Provision for end-of-service indemnity | 13,845,824 | 10,073,068 | 10,134,161 | 9,173,683 | 10,414,651 |
Taxes payable | 4,307,362 | 512,161 | 3,477,142 | 19,952,108 | 11,288,032 |
Due to related parties | 798,821 | 820,212 | 573,890 | 1,807,490 | 1,885,741 |
Accrued interest payable | - | - | 517,937 | 1,182,242 | 1,288,869 |
Accounts payable and other liabilities | 93,200,569 | 92,363,377 | 99,520,240 | 109,424,861 | 124,835,005 |
Dividends payable | 57,352,316 | 57,749,890 | 57,993,358 | 59,014,963 | 59,513,187 |
Deferred revenue and other credit balances | |||||
Cash down payments and commitments on sale contracts | 39,348,681 | 62,812,287 | 65,396,772 | 19,133,871 | 5,094,852 |
Deferred rental revenue and related deposits | 10,981,326 | 9,643,984 | 9,565,706 | 14,680,121 | 14,807,615 |
Unrealized gain on sale of properties to a joint venture | - | - | 10,750,000 | 10,750,000 | 10,750,000 |
Deferred interest revenue on a loan to a joint venture | - | - | - | - | - |
Deferred revenue and other credit balances | 50,330,007 | 72,456,271 | 85,712,478 | 44,563,992 | 30,652,467 |
Term bank loans | - | - | - | 155,481,298 | 361,597,531 |
TOTAL LIABILITIES | $ 200,882,892 | $ 222,569,538 | $ 243,226,076 | $ 417,443,969 | $ 698,650,144 |
Issued capital at par value US$10 per share: | |||||
100,000,000 class (A) shares | 1,000,000,000 | 1,000,000,000 | 1,000,000,000 | 1,000,000,000 | 1,000,000,000 |
65,000,000 class (B) shares | 650,000,000 | 650,000,000 | 650,000,000 | 650,000,000 | 650,000,000 |
1,650,000,000 | 1,650,000,000 | 1,650,000,000 | 1,650,000,000 | 1,650,000,000 | |
Legal reserve | 170,816,724 | 170,816,724 | 170,795,314 | 170,475,527 | 170,474,545 |
(Accumulated losses) retained earnings | (931,122) | 12,798,353 | 6,555,898 | 11,840,097 | (37,126,676) |
Cumulative foreign currency translation reserve | 859 | (27,618) | (27,523) | (28,423) | (24,653) |
Less: Treasury shares | (75,416,302) | (74,027,956) | (29,789,788) | (15,000) | - |
Total equity attributable to the owners of the parent | 1,744,470,159 | 1,759,559,503 | 1,797,533,901 | 1,832,272,201 | 1,783,323,216 |
TOTAL EQUITY | $ 1,744,470,159 | $ 1,759,559,503 | $ 1,797,533,901 | $ 1,832,272,201 | $ 1,783,323,216 |
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY | $ 1,945,353,051 | $ 1,982,129,041 | $ 2,040,759,977 | $ 2,249,716,170 | $ 2,481,973,360 |
2021 | 2020 | 2019 | 2018 | 2017 | |
Revenues from land sales | 85,209,200 | 381,947,100 | 234,450,600 | 1,274,550 | 94,500 |
Revenues from rented properties | 21,234,297 | 22,810,858 | 53,215,936 | 56,855,415 | 59,926,750 |
Revenues from rendered services: | |||||
Services rendered to customers | 4,055,761 | 3,029,696 | 2,602,603 | 3,033,775 | 2,562,914 |
Broadband Network revenues | 4,349,327 | 4,413,606 | 5,121,403 | 5,064,021 | 4,876,191 |
Revenues from hospitality | - | - | 13,709 | 8,656 | 239,386 |
Total revenues | 114,848,585 | 412,201,260 | 295,404,251 | 66,236,417 | 67,699,741 |
Cost of land sales | -41,247,703 | -214,422,610 | -126,493,314 | -726,020 | -17,487 |
Charges on rented properties: | |||||
Depreciation | -14,147,780 | -13,578,497 | -13,795,194 | -13,754,904 | -13,704,546 |
Property taxes | -390,719 | -675,331 | -1,242,706 | -1,316,728 | -5,558,530 |
Maintenance and other | -23,142,121 | -12,480,610 | -5,163,115 | -8,144,755 | -7,796,025 |
Cost of rendered services: | |||||
Cost of services rendered to customers | -4,572,996 | -4,179,196 | -2,137,466 | -825,093 | -307,969 |
Broadbank Network cost of services rendered | -4,425,112 | -4,453,328 | -4,017,046 | -4,345,967 | -3,719,461 |
Cost of hospitality | - | - | -6,866 | -44,038 | -295,317 |
Loss on cancellation of previously recognized sales, net | - | -24,302,353 | - | ||
Total cost of revenues | -87,926,431 | -274,091,925 | -152,855,707 | -29,157,505 | -31,399,335 |
Gain on sale and disposal of investment properties | 441,764 | 4,694,767 | 3,803,963 | 287,141 | 3,834,195 |
Net revenues from operations | 27,363,918 | 142,804,102 | 146,352,507 | 37,366,053 | 40,134,601 |
Share Result of associates and joint ventures | 17,968,736 | -31,881,676 | -14,585,364 | -11,825,909 | 1,926,028 |
General and administrative expenses: | |||||
Salaries, benefits, and related charges | -21,307,259 | -18,408,291 | -18,341,908 | -17,666,993 | -22,884,522 |
Utilities, office, maintenance and other similar expenses | -3,795,340 | -2,456,739 | |||
Termination indemnities | -3,552,929 | -468,574 | -107,000 | -7,622,232 | -4,343,441 |
Professional services | -1,473,100 | -2,083,293 | |||
Donations and contributions | -848,578 | -1,575,000 | |||
Promotion and advertising | -165,877 | -103,470 | |||
BoD remuneration | -157,500 | -165,000 | -180,000 | -240,000 | -300,000 |
Taxes, fees and stamps | -520,529 | -1,312,695 | -795,756 | -648,582 | -643,542 |
Travel and accommodation | -39,248 | -51,796 | |||
Other expenses | -349,444 | -158,006 | |||
Administrative expenses | -4,817,926 | -5,908,346 | -8,590,489 | ||
Selling expenses | -963,139 | -4,342,118 | |||
Depreciation of property and equipment | -2,293,101 | -2,658,304 | -2,383,491 | -2,746,180 | -3,284,131 |
Provision for impairment | -282,050 | -31,769,286 | -18,274,755 | -35,046,987 | -79,262,415 |
Loss on rescheduled receivables | -119,898 | -167,760 | -2,872,237 | -2,213,291 | -685,432 |
Write-off of receivables | -1,670,054 | -2,186,841 | -606,254 | -33,662,497 | -14,472,573 |
Write-off of payables | 3,241,785 | ||||
Provision for contingencies | -10,092 | -37,913,299 | -1,235,000 | -8,556,736 | -14,250,000 |
Write-back on/(provision) for impairment of property and equipment | - | 7,885 | 1,594 | -360,430 | |
Other expenses | -581,279 | -2,120,686 | -1,043,359 | -2,436,846 | -1,879,219 |
Other income | 10,865,126 | 146,402 | 3,001,472 | 332,902 | 302,539 |
Discount from early settlement of bank loans | - | 8,782,041 | 7,425,000 | ||
Interest income | |||||
Interest income from receivables | 885,443 | 61,979 | 102,695 | 5,096,688 | 17,984,242 |
Interest income from banks | 17,850 | 31,380 | 675,763 | 686,010 | 2,754,844 |
Interest income from asset-backed securities | - | 320,614 | 713,903 | 1,397,184 | 1,428,401 |
Interest expense | -951,319 | -3,491,541 | -27,403,585 | -33,725,167 | -34,057,398 |
Loss on exchange | -23,710,753 | -22,036,685 | -11,774 | -80,067 | -80,060 |
Profit/(Loss) before tax | -2,448,631 | -13,204,542 | 65,620,816 | -117,499,402 | -120,562,997 |
Income tax (expense)/benefit | -1,834,797 | -2,705,416 | -16,653,061 | 1,809,977 | 4,195,241 |
Profit/(Loss) for the year | -4,283,427 | -15,909,958 | 48,967,755 | -115,689,425 | -116,367,756 |
Basic/diluted loss per share | (0.027) | (0.097) | 0.30 | -0.70 | -0.71 |
Attributable to: | |||||
Equity owners of the Group | -4,283,427 | -15,909,958 | 48,967,755 | -115,689,425 | -116,367,756 |
Profit/(Loss) for the year | -4,283,427 | -15,909,958 | 48,967,755 | -115,689,425 | -116,367,756 |
2021 | 2020 | 2019 | 2018 | 2017 | |
Cash flows from operating activities: | |||||
Profit/(Loss) for the year before income tax | -2,448,630 | -13,204,542 | 65,620,816 | -117,499,402 | -120,562,997 |
Adjustments to reconcile profit to net cash | |||||
provided by/(used in) operating actvities: | |||||
Depreciation of property and equipment | 2,293,101 | 2,658,304 | 2,383,491 | 2,746,180 | 3,284,131 |
Depreciation of investment properties | 14,147,780 | 13,578,497 | 13,795,194 | 13,754,904 | 13,704,546 |
Gain on sale of investment properties | -441,764 | -4,694,767 | -3,803,963 | -287,141 | -3,834,195 |
(Gain)/Loss on sale of property and equipment | -63,689 | -22,134 | -2,793,311 | -4,426 | 945,461 |
Provision for/(Write-back on) end-of-service indemnity, net | 112,178 | 1,183,306 | 484,960 | -1,307,329 | 380,937 |
Provision for contingencies | 10,092 | 37,913,299 | 1,235,000 | 8,556,736 | 14,250,000 |
(Write-back)/Provision for impairment of property and equipment | - | - | -7,885 | -1,594 | 360,430 |
Provision for impairment, net | 282,050 | 31,769,286 | 18,274,755 | 35,046,987 | 79,262,415 |
Write-off of real estate development projects cost | - | 33,080,640 | 15,674,130 | - | |
Write-off of receivables | 1,670,054 | 2,186,841 | 606,254 | 33,662,497 | 14,472,573 |
Write-off of payables | -3,241,785 | ||||
Loss on rescheduled receivables | 119,898 | 167,760 | 2,872,237 | 2,213,291 | 685,432 |
Discounts earned on early settlements | - | -8,782,041 | -7,425,000 | ||
Share results of associates and joint ventures | -17,968,736 | 31,881,676 | 14,585,364 | 11,825,909 | -1,926,028 |
Interest income from receivables | -885,443 | -61,979 | -102,695 | -5,096,688 | -17,984,242 |
Interest income from banks | -17,850 | -31,380 | -675,763 | -686,010 | -2,754,844 |
Interest income from asset-backed securities | - | -320,614 | -713,903 | -1,397,184 | -1,428,401 |
Interest expense | 951,319 | 3,695,062 | 27,403,585 | 33,725,167 | 34,057,398 |
Interest expense allocated to land and projects in progress | 1,314,611 | 1,285,801 | 1,952,943 | ||
Changes in Working Capital | |||||
Accounts and notes receivable | -2,469,770 | 31,401,220 | 2,605,461 | 137,557,685 | 60,270,340 |
Prepayments and other debit balances | 45,804,236 | -30,176,527 | 25,640,224 | -15,033,480 | -9,913,655 |
Inventory of land and projects in progress | 33,955,803 | 176,939,391 | 81,144,254 | -48,388,645 | -64,636,703 |
Accounts payable and other liabilities | -6,935,059 | -2,887,065 | -8,914,650 | -24,901,173 | 33,301,887 |
Deferred revenues and other credit balances | -13,256,207 | 41,148,486 | 13,911,525 | 3,197,120 | -3,420,017 |
Cash generated from operations | 51,617,578 | 347,422,719 | 263,114,691 | 68,969,205 | 30,467,411 |
Interest received | 9,746,293 | 19,581,559 | |||
Settlements of end-of-service indemnity and other charges | -173,271 | -222,828 | -1,665,735 | -1,346,175 | |
Settlements from provision for contingencies | -214,661 | -735,000 | -5,134,273 | -6,533,488 | |
Income tax paid | -99,793 | -23,334,802 | -4,448,838 | -12,348,797 | -16,172,309 |
Net cash provided by/(used in) operating activities | 51,129,853 | 323,130,089 | 251,865,845 | 127,456,243 | 64,344,072 |
Cash flows provided by/(used in) investing activities: | |||||
Investment in asset-backed securities | 10,575,521 | -145,288 | 6,399,670 | 12,015,221 | 12,629,680 |
Acquisition of property and equipment | -2,868,101 | -386,503 | -478,209 | -623,625 | -824,603 |
Acquisition of investment properties | -34,965,244 | -10,459,762 | -3,468,127 | -3,459,804 | -3,997,395 |
Proceeds from sale of investment properties | 2,855,600 | 18,916,096 | 12,760,574 | 1,504,973 | 5,211,000 |
Proceeds from sale of fixed assets | 63,689 | 22,134 | 4,347,070 | 6,020 | 251,740 |
Investment in associates and joint ventures | -10,538,196 | 75,678 | 29,237,232 | 45,763 | -506,000 |
Interest received | 903,293 | 413,973 | 1,492,361 | ||
Net cash provided by/(used in) investing activities | -33,973,438 | 8,436,328 | 50,290,571 | 9,488,548 | 12,764,422 |
Cash flows used in financing activities: | |||||
Term bank loans | - | -146,699,257 | -206,116,233 | 63,421,361 | -432,286 |
Dividends paid | -243,468 | -1,021,605 | -498,224 | -783,304 | -4,161,657 |
Interest Paid | -1,469,256 | -4,928,662 | -21,331,241 | -34,948,761 | -34,628,368 |
Short term facilities | - | -30,000,000 | -32,913,554 | -84,086,446 | -100,000,000 |
Treasury shares purchase | -44,238,168 | -29,774,788 | -15,000 | - | |
Net cash used in financing activities | -45,950,892 | -212,424,312 | -260,874,252 | -56,397,150 | -139,222,311 |
Net change in cash and cash equivalents | -28,794,477 | 119,142,105 | 41,282,164 | 11,578,436 | -92,581,228 |
Cash and cash equivalents - Beginning of the year | 128,465,664 | 9,323,559 | -31,958,605 | -43,537,041 | 49,044,187 |
Cash and cash equivalents - End of the year | 99,671,187 | 128,465,664 | 9,323,559 | -31,958,605 | -43,537,041 |
TOTAL EQUITY ATTRIBUTABLE TO OWNERS OF THE PARENT | |||||||
Share Capital US$ | Legal Reserve US$ | Retained Earnings US$ | Cumulative Foreign Curreny Translation Reserve US$ | (Deficit) Surplus on Treasury Shares' Activity US$ | Treasury Shares US$ | Total US$ | |
Balance at December 31, 2016 | 1,650,000,000 | 170,435,346 | 230,926,613 | -372,709 | -35,055,847 | 0 | 2,015,933,403 |
Allocation to legal reserve from 2016 profit | - | 31,359 | -31,359 | - | - | - | - |
Transfer to retained earnings | - | - | -35,055,847 | - | 35,055,847 | - | - |
Total comprehensive loss | - | - | -116,367,756 | 306,241 | - | - | -116,061,515 |
Balance at December 31, 2017 | 1,650,000,000 | 170,466,705 | 79,471,651 | -66,468 | - | - | 1,899,871,888 |
Impact for adopting IFRS9 at January 1, 2018 | - | - | -901,062 | - | - | - | -901,062 |
Restated balance at January 1, 2018 | 1,650,000,000 | 170,466,705 | 78,570,589 | -66,468 | - | - | 1,898,970,826 |
Allocation to legal reserve from 2017 profit | - | 7,840 | -7,840 | - | - | - | - |
Total comprehensive income | - | - | -115,689,425 | 41,815 | - | - | -115,647,610 |
Balance at December 31, 2018 | 1,650,000,000 | 170,474,545 | -37,126,676 | -24,653 | - | - | 1,783,323,216 |
Allocation to legal reserve from 2018 profit | - | 982 | -982 | - | - | - | - |
Total comprehensive income | - | - | 48,967,755 | -3,770 | - | - | 48,963,985 |
Treasury shares purchase | - | - | - | - | - | -15,000 | -15,000 |
Balance as at December 31, 2019 | 1,650,000,000 | 170,475,527 | 11,840,097 | -28,423 | - | -15,000 | 1,832,272,201 |
Allocation to legal reserve from 2019 profit | - | 319,787 | -319,787 | - | - | - | - |
Change in percentage of ownership in an associate | - | - | 10,945,546 | - | - | - | 10,945,546 |
Total comprehensive loss for the year 2020 | - | - | -15,909,958 | 900 | - | - | -15,909,058 |
Treasury shares purchase | - | - | - | - | - | -29,774,788 | -29,774,788 |
Balance as at December 31, 2020 | 1,650,000,000 | 170,795,314 | 6,555,898 | -27,523 | - | -29,789,788 | 1,797,533,901 |
Allocation to legal reserve from 2020 profit | - | 24,394 | -24,394 | - | - | - | - |
Change in percentage of ownership in an associate | - | - | 10,559,626 | - | - | - | 10,559,626 |
Total comprehensive loss for the year 2020 | - | - | (4,283,427) | -95 | - | - | -4,283,522 |
Effect of write-off of a subsidiary | - | -2,984 | -9,350 | - | - | - | -12,334 |
Treasury shares purchase | - | - | - | - | - | -44,238,168 | -44,238,168 |
Balance as at December 31, 2021 | 1,650,000,000 | 170,816,724 | 12,798,353 | -27,618 | - | -74,027,956 | 1,759,559,503 |