PETROVIETNAM DRILLING AND WELL SERVICES CORPORATION (Incorporated in the Socialist Republic of Vietnam) SEPARATED FINANCIAL STATEMENTS QUARTER 2-2015
Petrovietnam Drilling And Well Services Corporation General information about the Company Business Registration No. 4103004335 dated 15 February 2006 Certificate and its tenth admendment dated ngày 30 October 2014 issued by the Department of Planning and Investment ( DPI ) of Ho Chi Minh City Board of Management Mr. Do Duc Chien Chairman Mr. Pham Tien Dung Member Mr. Duong Xuan Quang Member Ms. Kieu Thi Hoai Minh Member Mr. Le Van Be Member Mr. Tran Van Hoat Member Ms. Pham Thi An Binh Member Board of Directors Mr. Pham Tien Dung President Mr. Tran Van Hoat Ms. Ho Ngoc Yen Phuong Mr. Dao Ngoc Anh Mr. Nguyen Xuan Cuong Mr. Trinh Van Vinh Mr. Vu Van Minh Mr. Ho Vu Hai Registered office 4th Floor, Sailing Tower, 111A Pasteur Street, District 1, Ho Chi Minh City, S.R Vietnam. 2
Vietnam Oil and Gas Group Petrovietnam Drilling And Well Services Corporation 4th Floor, Sailing Tower, 111A Pasteur Street, District 1, HCMC Form B 01 - DN (Issued under Circular 200/2014/TT-BTC dated 22/12/2014 of the Ministry of Finance) SEPARATED BALANCE SHEET As at 30 June 2015 Unit: USD ITEM Code Note As at 30/06/2015 As at 1/1/2015 1 2 3 4 5 A - CURRENT ASSETS 100 295,628,470 308,462,504 I. Cash and cash equivalents 110 V.01 114,690,546 109,333,206 1. Cash 111 24,956,294 26,994,104 2. Cash equivalents 112 89,734,252 82,339,102 II. Short-term financial investments 120 V.02 18,824,610 467,727 1. Held for trading securities 121 - - 2. Provision for held for trading securities (*) 122 - - 3. Short-term held to maturity investments 123 18,824,610 467,727 III. Short-term receivables 130 141,585,476 178,409,468 1. Short-term receivables from customers 131 V.03 118,576,219 155,521,450 2. Short-term advances to suppliers 132 4,442,613 3,958,274 3. Short-term inter-company receivables 133 - - 4. Receivable from construction contracts under percen 134 - - 5. Short-term loans receivables 135 - - 6. Other short-term receivables 136 V.04 18,564,943 18,928,043 7. Provison for doubtful short-term receivables (*) 137 V.05 (9,568) (9,568) 8. Asset shortage awaiting resolution 139 11,269 11,269 IV. Inventories 140 15,256,651 17,905,366 1. Inventories 141 V.06 19,640,260 19,751,218 2. Provision for inventories (*) 149 (4,383,609) (1,845,852) V. Other short-term assets 150 5,271,187 2,346,737 1. Short-term prepayments 151 V.10 1,928,406 932,883 2. Deductible value added tax 152 3,342,781 1,413,854 3. Taxes and other receivables from the State budget 153 V.13 - - 4. Repos of government bonds 154 - - 5. Other short-term assets 155 - - B - NON-CURRENT ASSETS 200 525,928,031 528,157,722 I- Long-term receivables 210 21,525,254 28,786,515 1. Long-term receivables from customers 211 V.03 - - 2. Long-term advances to suppliers 212 - - 3. Capital provided to subordinate units 213 - - 4. Long-term inter-company receivables 214 - - 5. Long-term loans receivables 215 - - 6. Other long-term receivables 216 V.04 21,525,254 28,786,515 7. Provison for doubtful long-term receivables (*) 219 - - 3
ITEM Code Note As at 30/06/2015 As at 1/1/2015 II. Fixed assets 220 361,786,600 375,010,285 1. Tangible fixed assets 221 V.08 355,203,956 368,234,506 - Cost 222 548,673,644 547,977,051 - Accumulated depreciation (*) 223 (193,469,688) (179,742,545) 2. Finance lease fixed assets 224 - - - Cost 225 - - - Accumulated depreciation (*) 226 - - 3. Intangible fixed assets 227 V.09 6,582,644 6,775,779 - Cost 228 10,624,175 10,362,999 - Accumulated depreciation (*) 229 (4,041,531) (3,587,220) III. Investment property 230 - - - Cost 231 - - - Accumulated depreciation (*) 232 - - IV. Long-term assets in progress 240 V.07 2,397,080 2,142,921 1. Long-term work in progress 241 - - 2. Construction in progress 242 2,397,080 2,142,921 V. Long-term financial investments 250 V.02 138,320,610 121,672,874 1. Investments in subsidiaries 251 120,294,164 107,622,964 2. Investments in joint ventures and associates 252 18,026,446 14,049,910 3. Other long-term investments 253 - - 4. Provision for long-term financial investments (*) 254 - - 5. Long-term held to maturity investments 255 - - VI. Other non-current assets 260 1,898,487 545,127 1. Long-term prepayments 261 V.10 1,493,214 139,854 2. Deferred tax assets 262 V.17 405,273 405,273 3. Long-term equipments, supplies and spare parts 263 - - 4. Other long-term assets 268 - - TOTAL ASSETS (270 = 100 + 200) 270 821,556,501 836,620,226 C - LIABILITIES 300 275,719,310 322,598,622 I. Current liabilities 310 141,335,544 180,599,097 1. Short-term payables to suppliers 311 V.12 41,835,430 63,367,260 2. Short-term advance from customers 312 - - 3. Taxes and amounts payable to the State budget 313 V.13 11,091,338 16,709,077 4. Payables to employees 314 2,171,662 3,315,692 5. Short-term accrued expenses 315 V.14 47,522,142 43,579,227 6. Short-term inter-company payables 316 - - 7. Payables relating to construction contracts under per 317 - - 8. Short-term unearned revenue 318 - - 9. Other short-term payables 319 V.15 1,073,261 3,457,673 10. Short-term loans and finance leases 320 V.11 27,499,127 39,749,127 11. Provision for current liabilities 321 V.16 3,396,938 3,564,134 12. Bonus and welfare funds 322 6,745,646 6,856,907 13. Price stabilization fund 323 - - 14. Repos of government bonds 324 - - 4
ITEM Code Note As at 30/06/2015 As at 1/1/2015 II. Non-current liabilities 330 134,383,766 141,999,525 1. Long-term payables to suppliers 331 V.12 - - 2. Long-term advance from customers 332 - - 3. Long-term accrued expenses 333 V.14 - - 4. Capital payables to inter-companies 334 - - 5. Long-term inter-company payables 335 - - 6. Long-term unearned revenue 336 - - 7. Other long-term payables 337 V.15 - - 8. Long-term loans and finance leases 338 V.11 79,384,786 95,184,350 9. Convertible bonds 339 - - 10. Preference shares 340 - - 11. Deferred tax liabilities 341 V.17 - - 12. Provision for non-current liabilities 342 V.16 19,733,015 15,305,077 13. Scientific and technological fund 343 35,265,965 31,510,098 D - OWNER'S EQUITY (400 = 410 + 430) 400 545,837,191 514,021,604 I. Shareholders equity 410 V.18 545,837,191 514,021,604 1. Contributions from owners 411 161,095,191 161,095,191 - Ordinary shares with voting right 411a 161,095,191 161,095,191 - Preference shares 411b - - 2. Share premium 412 126,770,844 126,770,844 3. Options embedded in convertible bonds 413 - - 4. Other owner's capital 414 - - 5. Treasury shares (*) 415 (966,501) (17,257) 6. Differences upon asset revaluation 416 - - 7. Foreign exchange differences 417 V.19 (1,860,205) (806,512) 8. Investment and development fund 418 54,237,396 51,714,543 9. Enterprise reorganization assistance fund 419 - - 10. Other equity fund 420 - - 11. Retained earnings 421 206,560,466 175,264,795 - Accumulated by the end of the previous period 421a 191,601,103 94,448,841 - Retained earnings of current period 421b 14,959,363 80,815,954 12. Capital expenditure fund 422 - - II. Funding and other funds 430 - - 1. Funding 431 - - 2. Funds that formed fixed assets 432 - - TOTAL RESOURCES (440 = 300 + 400) 440 821,556,501 836,620,226 Ho Chi Minh City, 22 July 2015 Preparer Chief Accountant President 5
Vietnam Oil and Gas Group Petrovietnam Drilling And Well Services Corporation th Floor, Sailing Tower, 111A Pasteur Street, District 1, HCMC Form B 02 - DN (Issued under Circular 200/2014/TT-BTC dated 22/12/2014 of the Ministry of Finance) SEPARATED INCOME STATEMENT For the period ended 30 June 2015 Unit: USD QUARTER 2 YEAR TO DATE ITEM Code Note 2015 2014 2015 2014 1 2 3 4 5 6 7 1. Gross revenue 01 VI.1 111,574,012 177,968,635 238,997,837 308,579,103 2. Deductions 02 VI.2 - - - - 3. Net revenue 10 111,574,012 177,968,635 238,997,837 308,579,103 4. Cost of sales 11 VI.3 86,840,360 147,048,067 191,438,905 247,154,544 5. Gross profit 20 24,733,652 30,920,568 47,558,932 61,424,559 6. Financial income 21 VI.4 8,573,921 18,440,994 16,800,781 26,368,805 7. Financial expenses 22 VI.5 2,139,622 1,525,958 3,557,758 4,072,884 - In which: Interest expense 23 355,655 773,041 777,939 1,660,544 9. Selling expenses 24 VI.8 334,164 244,438 539,340 358,038 10. General and administration expenses 25 VI.8 8,994,512 9,106,201 15,549,702 16,540,681 11. Operating profit 30 21,839,275 38,484,965 44,712,913 66,821,761 12. Other income 31 VI.6 533,340 482,777 614,274 851,720 13. Other expenses 32 VI.7 65,569 122,670 78,048 123,210 14. (Loss)/Profit from other activities 40 467,771 360,107 536,226 728,510 15. Accounting profit before tax 50 22,307,046 38,845,072 45,249,139 67,550,271 16. Current corporate income tax expense 51 VI.10 4,016,013 4,914,740 7,529,929 9,734,504 17. Deferred corporate tax expense/(income) 52 VI.11 - (63,040) - (63,040) 18. Net profit after corporate income tax 60 18,291,033 33,993,372 37,719,210 57,878,807 Ho Chi Minh City, 22 July 2015 Preparer Chief Accountant President 6
Vietnam Oil and Gas Group Petrovietnam Drilling And Well Services Corporation 4th Floor, Sailing Tower, 111A Pasteur Street, District 1, HCMC Form B 03 - DN (Issued under Circular 200/2014/TT-BTC dated 22/12/2014 of the Ministry of Finance) SEPARATED CASH FLOW STATEMENT (Indirect method) For the period ended 30 June 2015 ITEM Code Note YEAR TO DATE 2015 2014 1 2 3 4 5 I. CASH FLOWS FROM OPERATING ACTIVITIES Unit: USD 1. Profit before tax 01 45,249,139 67,550,271 2. Adjustments for: 7,679,407 (3,350,806) - Depreciation and amortization 02 16,153,672 15,907,850 - Provisions 03 2,537,757 (839,047) - Unrealized foreign exchange 04 450,268 372,009 - Gains from investing activities 05 (16,043,222) (25,368,578) - Interest expense 06 777,939 1,660,544 - Other adjustments 07 3,802,993 4,916,416 3. Operating profit before movements in working capital 08 52,928,546 64,199,465 - Changes in account receivables 09 45,867,318 (56,031,211) - Changes in inventories 10 110,958 (2,532,312) - Changes in account payables (excluding interest payables, corporate income tax payables) 11 (28,506,828) 46,020,730 - Changes in prepaid expenses 12 (2,348,883) (42,673) - Changes in held for trading securities 13 - - - Interest paid 14 (1,009,641) (1,855,796) - Corporate income tax paid 15 (8,779,645) (5,943,158) - Other cash outflows 16 - - - Other cash inflows 17 (4,059,073) (3,603,191) NET CASH FROM OPERATING ACTIVITIES 20 54,202,752 40,211,854 II. CASH FLOWS USED IN INVESTING ACTIVITIES 1. Acquisition of fixed assets and other non-current assets 21 (3,868,171) (1,054,249) 2. Proceeds from disposal of fixed assets and other non-current assets 22 80,931 362 3. Cash outflow for buying debt instruments of other companies 23 (18,824,610) (7,054,382) 4. Cash recovered from lending, selling debt instruments of other companies 24 467,727-5. Investments in other entities 25 (16,647,736) (19,382,000) 6. Cash recovered from investments in other entities 26-299,847 7. Interest, dividends and profits received 27 11,673,527 17,581,622 NET CASH USED IN INVESTING ACTIVITIES 30 (27,118,332) (9,608,800) 7
ITEM Code Note YEAR TO DATE 2015 2014 III. CASH FLOWS USED IN FINANCING ACTIVITIES 1. Proceeds from share issuance and capital contributions from owners 31 - - 2. Capital withdrawals to owners, treasury shares purchases 32 (949,244) - 3. Proceeds from borrowings 33 - - 4. Repayments of borrowings 34 (20,849,564) (33,523,615) 5. Repayments of principal owed under finance leased 35 - - 6. Dividend, profits distributed to owners 36 - - NET CASH USED IN FINANCING ACTIVITIES 40 (21,798,808) (33,523,615) NET INCREASE IN CASH AND CASH EQUIVALENTS 50 5,285,612 (2,920,561) Cash and cash equivalents at the beginning of the year 60 109,333,206 85,499,687 Effect of changes in foreign exchange rates 61 71,728 (212,803) Cash and cash equivalents at the end of the year 70 114,690,546 82,366,323 Preparer Chief Accountant Ho Chi Minh City, 22 July 2015 President 8
PETROVIETNAM DRILLING AND WELL SERVICES CORPORATION (Incorporated in the Socialist Republic of Vietnam) CONVERTED SEPARATED FINANCIAL STATEMENTS QUARTER 2-2015
Petrovietnam Drilling And Well Services Corporation General information about the Company Business Registration No. 4103004335 dated 15 February 2006 Certificate and its tenth admendment dated ngày 30 October 2014 issued by the Department of Planning and Investment ( DPI ) of Ho Chi Minh City Board of Management Mr. Do Duc Chien Chairman Mr. Pham Tien Dung Member Mr. Duong Xuan Quang Member Ms. Kieu Thi Hoai Minh Member Mr. Le Van Be Member Mr. Tran Van Hoat Member Ms. Pham Thi An Binh Member Board of Directors Mr. Pham Tien Dung President Mr. Tran Van Hoat Ms. Ho Ngoc Yen Phuong Mr. Dao Ngoc Anh Mr. Nguyen Xuan Cuong Mr. Trinh Van Vinh Mr. Vu Van Minh Mr. Ho Vu Hai Registered office 4th Floor, Sailing Tower, 111A Pasteur Street, District 1, Ho Chi Minh City, S.R Vietnam. 2
Vietnam Oil and Gas Group Petrovietnam Drilling And Well Services Corporation 4th Floor, Sailing Tower, 111A Pasteur Street, District 1, HCMC Form B 01 - DN (Issued under Circular 200/2014/TT-BTC dated 22/12/2014 of the Ministry of Finance) SEPARATED BALANCE SHEET As at 30 June 2015 Unit: VND ITEM Code Note As at 30/06/2015 As at 1/1/2015 1 2 3 4 5 A - CURRENT ASSETS 100 6,438,788,076,600 6,553,594,359,984 I. Cash and cash equivalents 110 V.01 2,497,960,091,880 2,322,893,294,676 1. Cash 111 543,548,091,880 573,516,733,584 2. Cash equivalents 112 1,954,412,000,000 1,749,376,561,092 II. Short-term financial investments 120 V.02 410,000,000,000 9,937,327,842 1. Held for trading securities 121 - - 2. Provision for held for trading securities (*) 122 - - 3. Short-term held to maturity investments 123 410,000,000,000 9,937,327,842 III. Short-term receivables 130 3,083,731,673,080 3,790,487,557,128 1. Short-term receivables from customers 131 V.03 2,582,590,049,820 3,304,208,726,700 2. Short-term advances to suppliers 132 96,760,111,140 84,097,489,404 3. Short-term inter-company receivables 133 - - 4. Receivable from construction contracts under perce 134 - - 5. Short-term loans receivables 135 - - 6. Other short-term receivables 136 V.04 404,344,464,340 402,145,201,578 7. Provison for doubtful short-term receivables (*) 137 V.05 (208,391,040) (203,281,728) 8. Asset shortage awaiting resolution 139 245,438,820 239,421,174 IV. Inventories 140 332,289,858,780 380,417,406,036 1. Inventories 141 V.06 427,764,862,800 419,634,377,628 2. Provision for inventories (*) 149 (95,475,004,020) (39,216,971,592) V. Other short-term assets 150 114,806,452,860 49,858,774,302 1. Short-term prepayments 151 V.10 42,000,682,680 19,820,032,218 2. Deductible value added tax 152 72,805,770,180 30,038,742,084 3. Taxes and other receivables from the State budget 153 V.13 - - 4. Repos of government bonds 154 - - 5. Other short-term assets 155 - - B - NON-CURRENT ASSETS 200 11,454,712,515,180 11,221,238,961,612 I- Long-term receivables 210 468,820,032,120 611,598,297,690 1. Long-term receivables from customers 211 V.03 - - 2. Long-term advances to suppliers 212 - - 3. Capital provided to subordinate units 213 - - 4. Long-term inter-company receivables 214 - - 5. Long-term loans receivables 215 - - 6. Other long-term receivables 216 V.04 468,820,032,120 611,598,297,690 7. Provison for doubtful long-term receivables (*) 219 - - 3
ITEM Code Note As at 30/06/2015 As at 1/1/2015 II. Fixed assets 220 7,879,712,148,000 7,967,468,515,110 1. Tangible fixed assets 221 V.08 7,736,342,161,680 7,823,510,314,476 - Cost 222 11,950,111,966,320 11,642,320,425,546 - Accumulated depreciation (*) 223 (4,213,769,804,640) (3,818,810,111,070) 2. Finance lease fixed assets 224 - - - Cost 225 - - - Accumulated depreciation (*) 226 - - 3. Intangible fixed assets 227 V.09 143,369,986,320 143,958,200,634 - Cost 228 231,394,531,500 220,172,276,754 - Accumulated depreciation (*) 229 (88,024,545,180) (76,214,076,120) III. Investment property 230 - - - Cost 231 - - - Accumulated depreciation (*) 232 - - IV. Long-term assets in progress 240 V.07 52,208,402,400 45,528,499,566 1. Long-term work in progress 241 - - 2. Construction in progress 242 52,208,402,400 45,528,499,566 V. Long-term financial investments 250 V.02 3,012,622,885,800 2,585,061,881,004 1. Investments in subsidiaries 251 2,620,006,891,920 2,286,557,493,144 2. Investments in joint ventures and associates 252 392,615,993,880 298,504,387,860 3. Other long-term investments 253 - - 4. Provision for long-term financial investments (*) 254 - - 5. Long-term held to maturity investments 255 - - VI. Other non-current assets 260 41,349,046,860 11,581,768,242 1. Long-term prepayments 261 V.10 32,522,200,920 2,971,338,084 2. Deferred tax assets 262 V.17 8,826,845,940 8,610,430,158 3. Long-term equipments, supplies and spare parts 263 - - 4. Other long-term assets 268 - - TOTAL ASSETS (270 = 100 + 200) 270 17,893,500,591,780 17,774,833,321,596 C - LIABILITIES 300 6,005,166,571,800 6,853,930,323,012 I. Current liabilities 310 3,078,288,148,320 3,837,008,414,862 1. Short-term payables to suppliers 311 V.12 911,175,665,400 1,346,300,805,960 2. Short-term advance from customers 312 - - 3. Taxes and amounts payable to the State budget 313 V.13 241,569,341,640 355,001,049,942 4. Payables to employees 314 47,298,798,360 70,445,192,232 5. Short-term accrued expenses 315 V.14 1,035,032,252,760 925,884,256,842 6. Short-term inter-company payables 316 - - 7. Payables relating to construction contracts under pe 317 - - 8. Short-term unearned revenue 318 - - 9. Other short-term payables 319 V.15 23,375,624,580 73,461,720,558 10. Short-term loans and finance leases 320 V.11 598,930,986,060 844,509,952,242 11. Provision for current liabilities 321 V.16 73,985,309,640 75,723,590,964 12. Bonus and welfare funds 322 146,920,169,880 145,681,846,122 13. Price stabilization fund 323 - - 14. Repos of government bonds 324 - - 4
ITEM Code Note As at 30/06/2015 As at 1/1/2015 II. Non-current liabilities 330 2,926,878,423,480 3,016,921,908,150 1. Long-term payables to suppliers 331 V.12 - - 2. Long-term advance from customers 332 - - 3. Long-term accrued expenses 333 V.14 - - 4. Capital payables to inter-companies 334 - - 5. Long-term inter-company payables 335 - - 6. Long-term unearned revenue 336 - - 7. Other long-term payables 337 V.15 - - 8. Long-term loans and finance leases 338 V.11 1,729,000,639,080 2,022,286,700,100 9. Convertible bonds 339 - - 10. Preference shares 340 - - 11. Deferred tax liabilities 341 V.17 - - 12. Provision for non-current liabilities 342 V.16 429,785,066,700 325,171,665,942 13. Scientific and technological fund 343 768,092,717,700 669,463,542,108 D - OWNER'S EQUITY (400 = 410 + 430) 400 11,888,334,019,980 10,920,902,998,584 I. Shareholders equity 410 V.18 11,888,334,019,980 10,920,902,998,584 1. Contributions from owners 411 3,030,733,500,000 3,030,733,500,000 - Ordinary shares with voting right 411a 3,030,733,500,000 3,030,733,500,000 - Preference shares 411b - - 2. Share premium 412 2,434,086,374,663 2,434,086,374,663 3. Options embedded in convertible bonds 413 - - 4. Other owner's capital 414 - - 5. Treasury shares (*) 415 (20,948,559,850) (364,500,000) 6. Differences upon asset revaluation 416 - - 7. Foreign exchange differences 417 V.19 1,179,246,158,787 919,479,173,357 8. Investment and development fund 418 1,081,027,626,759 1,026,700,510,257 9. Enterprise reorganization assistance fund 419 - - 10. Other equity fund 420 - - 11. Retained earnings 421 4,184,188,919,621 3,510,267,940,307 - Accumulated by the end of the previous period 421a 3,510,267,940,307 1,801,091,329,161 - Retained earnings of current period 421b 673,920,979,314 1,709,176,611,146 12. Capital expenditure fund 422 - - II. Funding and other funds 430 - - 1. Funding 431 - - 2. Funds that formed fixed assets 432 - - TOTAL RESOURCES (440 = 300 + 400) 440 17,893,500,591,780 17,774,833,321,596 Ho Chi Minh City, 22 July 2015 Preparer Chief Accountant President 5
Vietnam Oil and Gas Group Petrovietnam Drilling And Well Services Corporation 4th Floor, Sailing Tower, 111A Pasteur Street, District 1, HCMC Form B 02 - DN (Issued under Circular 200/2014/TT-BTC dated 22/12/2014 of the Ministry of Finance) SEPARATED INCOME STATEMENT For the period ended 30 June 2015 ITEM Code Note Unit: VND QUARTER 2 YEAR TO DATE 2015 2014 2015 2014 1 2 3 4 5 6 7 1. Gross revenue 01 VI.1 2,402,634,784,744 3,746,239,766,750 5,146,579,432,294 6,495,590,118,150 2. Deductions 02 VI.2 - - - - 3. Net revenue 10 2,402,634,784,744 3,746,239,766,750 5,146,579,432,294 6,495,590,118,150 4. Cost of sales 11 VI.3 1,870,020,322,576 3,095,361,810,350 4,122,445,390,606 5,202,603,151,200 5. Gross profit 20 532,614,462,168 650,877,956,400 1,024,134,041,688 1,292,986,966,950 6. Financial income 21 VI.4 184,630,814,814 388,182,923,700 361,788,018,054 555,063,345,250 7. Financial expenses 22 VI.5 46,074,620,148 32,121,415,900 76,612,760,772 85,734,208,200 - In which: Interest expense 23 7,658,674,770 16,272,513,050 16,752,138,426 34,954,451,200 9. Selling expenses 24 7,195,887,576 5,145,419,900 11,614,147,560 7,536,699,900 10. General and administration expenses 25 VI.8 193,687,821,408 191,685,531,050 334,847,282,868 348,181,335,050 11. Operating profit 30 470,286,947,850 810,108,513,250 962,847,868,542 1,406,598,069,050 12. Other income 31 VI.6 11,484,943,560 10,162,455,850 13,227,776,316 17,928,706,000 13. Other expenses 32 VI.7 1,411,962,846 2,582,203,500 1,680,685,632 2,593,570,500 14. (Loss)/Profit from other activities 40 10,072,980,714 7,580,252,350 11,547,090,684 15,335,135,500 15. Accounting profit before tax 50 480,359,928,564 817,688,765,600 974,394,959,226 1,421,933,204,550 16. Current corporate income tax expense 51 VI.10 86,480,823,942 103,455,277,000 162,149,491,086 204,911,309,200 17. Deferred corporate tax expense/(income) 52 VI.11 - (1,326,992,000) - (1,326,992,000) 18. Net profit after corporate income tax 60 393,879,104,622 715,560,480,600 812,245,468,140 1,218,348,887,350 Ho Chi Minh City, 22 July 2015 Preparer Chief Accountant President 6
Vietnam Oil and Gas Group Petrovietnam Drilling And Well Services Corporation h Floor, Sailing Tower, 111A Pasteur Street, District 1, HCMC Form B 03 - DN (Issued under Circular 200/2014/TT-BTC dated 22/12/2014 of the Ministry of Finance) SEPARATED CASH FLOW STATEMENT (Indirect method) For the period ended 30 June 2015 ITEM Code Note YEAR TO DATE 2015 2014 1 2 3 4 5 I. CASH FLOWS FROM OPERATING ACTIVITIES Unit: VND 1. Profit before tax 01 974,394,959,226 1,421,933,204,550 2. Adjustments for: 165,368,350,338 (70,534,462,090) - Depreciation and amortization 02 347,853,172,848 334,860,242,500 - Provisions 03 54,648,059,238 (17,661,939,350) - Unrealized foreign exchange 04 9,696,071,112 7,830,789,450 - Gains from investing activities 05 (345,474,742,548) (534,008,566,900) - Interest expense 06 16,752,138,426 34,954,451,200 - Other adjustments 07 81,893,651,262 103,490,561,010 3. Operating profit before movements in working capital 08 1,139,763,309,564 1,351,398,742,460 - Changes in account receivables 09 987,706,825,812 (1,179,456,991,550) - Changes in inventories 10 2,389,369,572 (53,305,167,600) - Changes in account payables (excluding interest payables, corporate income tax payables) 11 (613,866,034,152) 968,736,372,394 - Changes in prepaid expenses 12 (50,580,846,522) (898,266,650) - Changes in held for trading securities 13 - - - Interest paid 14 (21,741,609,294) (39,064,505,800) - Corporate income tax paid 15 (186,109,908,221) (126,288,921,739) - Other cash outflows 16 - - - Other cash inflows 17 (87,408,077,982) (75,847,180,654) NET CASH FROM OPERATING ACTIVITIES 20 1,170,153,028,777 845,274,080,861 II. CASH FLOWS USED IN INVESTING ACTIVITIES 1. Acquisition of fixed assets and other non-current assets 21 (83,297,194,314) (22,191,941,450) 2. Proceeds from disposal of fixed assets and other non-current assets 22 1,742,768,154 7,620,100 3. Cash outflow for buying debt instruments of other companies 23 (420,000,000,000) (148,494,741,100) 4. Cash recovered from lending, selling debt instruments of other companies 24 10,000,000,000-5. Investments in other entities 25 (358,492,347,024) (407,991,100,000) 6. Cash recovered from investments in other entities 26-6,311,779,350 7. Interest, dividends and profits received 27 251,377,730,418 370,093,143,100 NET CASH USED IN INVESTING ACTIVITIES 30 (598,669,042,766) (202,265,240,000) 7
ITEM Code Note YEAR TO DATE 2015 2014 III. CASH FLOWS USED IN FINANCING ACTIVITIES 1. Proceeds from share issuance and capital contributions from owners 31 - - 2. Capital withdrawals to owners, treasury shares purchases 32 (20,584,059,850) - 3. Proceeds from borrowings 33 - - 4. Repayments of borrowings 34 (448,974,511,176) (705,672,095,750) 5. Repayments of principal owed under finance leased 35 - - 6. Dividend, profits distributed to owners 36 - - NET CASH USED IN FINANCING ACTIVITIES 40 (469,558,571,026) (705,672,095,750) NET INCREASE IN CASH AND CASH EQUIVALENTS 50 101,925,414,985 (62,663,254,889) Cash and cash equivalents at the beginning of the year 60 2,322,893,294,676 1,798,571,415,732 Effect of changes in foreign exchange rates 61 1,544,590,752 (4,479,503,150) Foreign exchange rates differences on conversion 71,596,791,467 18,526,240,765 Cash and cash equivalents at the end of the year 70 31 2,497,960,091,880 1,749,954,898,458 Ho Chi Minh City, 22 July 2015 Preparer Chief Accountant President 8