VRE: Explanation for 2022 separate financial statements

Vincom Retail Joint Stock Company has explained the movements of 2022 separate financial statements compared to the same period of last year as follows: Unit: VND million No. Item 2022 2021 Difference % 21 Financial income 356,604 400,774 (44,170) -11% 22 Financial expenses 333,504 454,269 (120,765) -27% 25 Selling expenses 72,251 118,498 (46,247) -39% 26 General administrative expenses 67,693 130,150 (62,457) -48% 50 Profit before tax 639,901 579,846 60,055 10% 60 Profit after tax 503,847 457,392 46,455 10% The explanation for the movements of 10% or more: − Financial income decreased by VND44 billion due to the decrease in the gain from investment activities. − Financial expenses decreased by VND121 billion due to the decrease in the payment of VND2,600 billion bonds in 2021. − Selling expenses decreased by VND46 billion mainly due to the decrease in the real estate selling expense. − General administrative expenses decreased by VND62 billion mainly due to the decrease in in provision for bad debts. − Profit after tax increased by VND46 billion compared to the last year mainly due to the reasons above.