PLASTICS RESIN AND SYNTHETIC RUBBER INDUSTRY REPORT …€¦ · Executive summary 4 • Primeval plastics and synthetic rubber are important input materials for many industries, especially

1

PLASTICS RESIN AND SYNTHETIC RUBBER INDUSTRY REPORT Q2/2018

TABLE OF CONTENTS

2

Abbreviations 3 3. Raw plastic resins 68

Executive summary 4 4. Synthetic rubber 80

I. Business environment 6 5. Price-affecting factors 84

1. Macroeconomic situation 7 IV. Industry risks 86

2. Legal framework 10 1. Industry risks 87

3. Trade agreements 14 2. SWOT analysis 89

II. Global market 16 V. Industry trend, forecast and planning 91

1. Definition and classification 17 1. Industry development trend 92

2. Value chain of the industry 20 2. Forecast for Global market 93

3. Input materials 23 3. Industry development planning 97

4. Raw plastic resins 39 4. Forecast for Vietnam market 100

5. Synthetic rubber 56 VI. Enterprise analysis 105

III. Vietnam market 63 1. Enterprise introduction 106

1.. Industry scale 64 2. Financial analysis 108

2. Input materials 65 VII. Appendix of financial statements 118

Abbreviations

3

Abbreviation Full Name Abbreviation Name

BR Butadien Rubber PET Polyethylene Terephthalate

CIS Commonwealth of independent states PP Polypropylene

ISRG International Rubber study group PS Polystyrene

HIPS High Impact Polystyrene PVC Poly Vinyl Chloride

HPE High Density Polyethylene SBR Styrene Butadien Rubber

LLDPE Low Density Polyethylene TPP Trans-Pacific partnership

NAFTA North America Free Trade Area VPA Vietnam plastic association

PE Polyethyelene

Executive summary

4

• Primeval plastics and synthetic rubber are important input materials

for many industries, especially plastics and automobile industry.

• China takes the lead in thermoplastic production, with an output of

92.1 tons in 2016.

• In 2016, global sales of polymer-based products reached 851 billion

USD, up 6.2% compared to 2015.

• Global synthetic rubber production and consumption has been on the

upward trend in recent years, much greater than those of natural

rubber.

Content is intentionally removed for demo purpose

Executive summary

5

• Production of plastic materials and additives in Q1/2018 was

estimated at 208 thousand tons, of which main products are Poly

Acetal, polyethers and epoxy resins; polycarbonate, polyalkylether and

other polyesters, primary forms, etc.

• Imports of synthetic rubber in Q1/2018 was estimated at USD 146.7

million, up 5% over the same period in 2016, while synthetic rubber

exports reached USD 5.5 million.Content is intentionally removed for demo purpose

TABLE OF CONTENTS

Part I. Business environment

1. Macroeconomic situation

2. Legal framework

3. Trade agreements

6



7

Source: VIRAC, GDVC

Source: VIRAC, GSO

USD billion

Imports of plastic raw materials and percentage contribution to total turnover,

2010 – Q1/2018

GDP growth rate by quarter, 2015 - Q1/2018


8



Source: VIRAC, SBV

USD/VND exchange rate, 2013 – 3/2018

Source: VIRAC, SBV

CNY/VND exchange rate, 1/2016-3/2018


9

M&A activities in plastics industry

Source: VIRAC



Source: VIRAC, FIA

Vietnamese plastic enterprise’s SCG ownership, 2017

FDI attraction by sector, Q1/2018


10

TABLE OF CONTENTS



2. Legal framework

3. Trade agreements

11


2. Legal framework

• The Ministry of Finance issued Circular No. 159/2012/TT-BTC regulating the application of the Law on Environmental Protection,

• Circular No. 107/2013/TT-BTC issued by the Ministry of Finance revises the preferential import tax rate for some commodities in the preferential import

tariff, which has been applied since 9/26/2013.


12


2. Legal framework


13


2. Legal framework


14

TABLE OF CONTENTS



2. Legal framework

3. Trade agreements

15


3. Trade agreements


• The plastic industry is opened to positive signals thanks to priorities brought about by free trade agreements.

• Joining free trade agreements has helped Vietnam to attract immensly FDI.

TABLE OF CONTENTS

Part II. Global market

1. Definition and classification

2. Value chain of the industry

3. Input materials

4. Raw plastic resins

5. Synthetic rubber

16

17


1. Definition and classification – 1.1 Raw plastic resins

Classification by polymer effect with temperature


Thermoplastic production share, 2015

Thermoset plastic production share, 2015

Source: VIRAC, ICIS

Source: VIRAC, ICIS


1. Definition and classification – 1.1. Plastic resins

Polymer usage structure, 2015

Source: VIRAC, ICIS

18


Source: VIRAC, Rubbernews

Synthetic rubber production structure, 2015


1. Definition and classification – 1.2. Synthetic rubber

19


• Synthetic rubber is a compound made from chemical reactions which is mainly

comprised of oil and gas.

• Synthetic rubber is classified via multiple ways.

20

TABLE OF CONTENTS




3. Input materials


5. Synthetic rubber

21

Source: VIRAC, ICIS





2. Chain value of the industry

22


• Oil refinery plants:

• The oil refinery technology with various raw material combination alters chemical features to generate desirable products.

23

TABLE OF CONTENTS




3. Input materials


5. Synthetic rubber

24

Source: VIRAC, ICIS


3. Input materials – 3.1 Overview


25

Source: VIRAC, IHS


3. Input materials – 3.1 Overview

Monomer input materials structure, 2016



3. Input materials – 3.1. Overview

Source: VIRAC, ICIS

Source: VIRAC, ICIS

Products gained from Naphtha distillation, 2015

Products gained from Ethane distillation, 2015

26


27

Source: VIRAC, ICIS

Source: VIRAC, ICIS


3. Input materials – 3.2 Ethylene

Million tonsGlobal ethylene supply and demand, 2010 - 2017f

Ethylene’s application in plastic materials production, 2016


28

Source: VIRAC, Stratas Advisor



Million tons

Source: VIRAC, IHS

Source: VIRAC, Statista

Ethylene production structure, 2016

Ethylene dichloride consumption by region, 2016

Ethylene production capacity and demand by region 2015


29



Global ethylene prices, 5/2017 – 4/2018

Source: VIRAC, Platts

EUR/ton


30

Source: VIRAC, Uncomtrade

Source: VIRAC, UncomtradeSource: VIRAC, Uncomtrade



Million tonsUSD billion

Global ethylene export structure, 2016Ethylene import structure, 2016

Global ethylene trade, 2011 - 2017


31

Source: VIRAC, ICIS


3. Input materials – 3.3 Propylene

Million tons

Source: VIRAC, ICIS

Global Propylene supply - demand, 2010 - 2017f

Propylene production structure by region, 2016


32

Source: VIRAC, ICIS


3. Input materials – 3.3 Propylene

Million tons USD billion

Global propylene prices, 5/2017 – 4/2018


EUR/ton

Global propylene trade, 2011 - 2017


33


3. Input materials – 3.4 Butadien

Million tons

Source: VIRAC, IHS

Global butadiene capability and production, 2011 - 2015

Butadiene production structure by country, 2017


34

Source: VIRAC, IHS



Source: VIRAC, American Chemical Society

Butadiene consumption structure by type, 2017

SBR consumption by region, 2017


35

Source: VIRAC, Bloomerg



USD/ton

Butadiene prices, 1/2017 – 11/2017


36

Source: VIRAC, HIS, ICIS

Butadiene production capacity of some companies in the world



No. Company Country Capacity (ton/year) Operation time


37

Source: VIRAC, IHS


3. Input materials – 3.5 Benzene

Million tons

Global benzene supply and demand, 2012 – 2017f


38

Source: VIRAC, IHS


3. Input materials – 3.5 Benzene

Source: VIRAC, Plastic New Europe

Fluctuations of Benzene prices, 5/2017 – 5/2018

EUR/ton

Structure of benzene use in the world, 2015


39

TABLE OF CONTENTS




3. Input materials


5. Synthetic rubber

40

Source: VIRAC, Europe Plastic Source: VIRAC, Europe Plastic


4. Raw plastic resins – 4.1 Production

Million tons

Global plastic materials production, 2009 – 2016ePlastic materials production structure by region, 2016


41




42



Global polymer production capacity, 2016

Source: VIRAC, Cefic Chemdata International 2016

Million tons

Million tons


Plastic resin production capacity by region, 2016


43


4. Raw plastic resins – 4.2 Consumption

Global polymer sales, 2006 - 2016

USD billion


Polymer sales by region, 2016



44

Source: VIRAC, VPA


• Plastic resins have a wide variety of use cases for multiple sectors.



Kg/person

Polymer consumption structure by sector 2015


Global per capita plastic material consumption by region, 2015

45

Source: VIRAC, ICIS

Source: VIRAC, AMI



Million tons

Global polymer consumption demand, 2010 – 2016e

Polymer consumption demand by region, 2016


46


Source: VIRAC, IHS


4. Plastic resins – 4.2. Consumption

Source: VIRAC, ICIS

PE demand by region, 2016

PE consumption by type, 2016

PE consumption by use case, 2016

47

Source: VIRAC, UN Comtrade


4. Raw plastic resins – 4.3 Import export

USD

billion

Raw plastic resins exports by value, 2013 – 2017e


USD

billion

World’s top largest raw plastic resins exporting countries, 2016 - 2017Content is intentionally removed for demo purpose

48




USD

billion


Raw plastic resins imports by value, 2013 – 2017e

World’s top largest Polymer importing countries, 2016 - 2017


49



Source: VIRAC, Plastic Insight

Source: VIRAC, Plastic Insight

USD

billion

USD billion

World’s top largest PE exporting countries, 2016 - 2017

World’s top largest PE importing countries, 2016 - 2017


50

Source: VIRAC ,Bloomberg

EUR/ton

Polymer prices, 5/2015 – 4/2018


4. Raw plastic resins – 4.4 Price movement


51

Source: VIRAC, ICIS

China


4. Raw plastic resins – 4.5 Characteristics of some main polymer producing markets

Thousand tons PVC production and consumption in China, 2010 – 2025f


Source: VIRAC, Europe Plastic

Europe’s polymer production, 2011- 2016


4. Plastic resins – 4.5 Characteristics of some main polymer producing markets

Europe

52


Key European polymer im-exporting markets, 2016

Million

tons



4. Plastic resins – 4.5 Characteristics of some main polymer producing markets



Europe’s polymer usage by sector, 2016 Europe’s polymer usage by types, 2016

Europe’s polymer demand by country, 2016

53


54




Billion pounds Polymer production in America, 2008 -2016


55



The rest of Asia – Potential Demand


56

TABLE OF CONTENTS




3. Input materials


5. Synthetic rubber

57

Source: VIRAC, IRSG

Source: VIRAC, IRSG

Source: VIRAC, IRSG


5. Synthetic rubber – 5.1 Production and consumption

Thousand tonsGlobal rubber production and consumption, 2010 – 9M/2017 Rubber production structure in the world, 2010- 9M/2017

Global rubber consumption structure, 2010 – 9M/2017


58

Source: VIRAC, IRSG

Source: VIRAC, IRSG



Thousand tons

Global synthetic rubber production and consumption, 2010 - 9M/2017

The structure of synthetic rubber consumption by product, 2015


59

Source: VIRAC, IRSG



Thousand tonsGlobal synthetic rubber production, 2013 – 9M/2017

* EMEA: EU, Middle East and Africa

Global synthetic rubber production market share, 9M/2017

Source: VIRAC, IRSG


60

Source: VIRAC, IRSG

Source: VIRAC, IRSG



Thousand tonsSynthetic rubber consumption, 2013 – 9M/2017

Synthetic rubber consumption market, 9M/2017


61

Source: VIRAC, ITC

Source: VIRAC, Uncomtrade


5. Synthetic rubber – 5.2 Import export

USD

billion

Global synthetic rubber trade, 2012 - 2017eUSD

billion

Source: VIRAC, Trade map

USD

billion

Top largest synthetic rubber exporters, 2016 - 2017


Top largest synthetic rubber importers, 2016 - 2017

62

Source: VIRAC, IRSG


5. Synthetic rubber – 5.3 Price movement

USD/ton

Global price volatility of natural rubber and synthetic rubber, 2012 – Q4/2017


TABLE OF CONTENTS

Part III. Vietnam market

1. Industry scale

2. Input materials


4. Synthetic rubber

5. Price-affecting factors

63

64

No Product

Capacity

(ton/year) Producer

Source: VIRAC

Plastic resin and additives production capacity, 2015


1. Industry scale


TABLE OF CONTENTS

65


1. Industry scale

2. Input materials


4. Synthetic rubber


66


2. Input materials


67


2. Input materials

Monomer imports, 2012 - 6M/2017e

Source: VIRAC, GDVC

USD thousand

Aromatic compound imports, 2013 - 6M/2017e

Source: VIRAC, GDVC

USD thousand


TABLE OF CONTENTS

68


1. Industry scale

2. Input materials


4. Synthetic rubber


69

Source: VIRAC, BSR

Source: VIRAC, VPA

Raw plastic resins production, 2010 – Q1/2018e

Thousand tons

Thousand tons

Raw plastic resins and additives production in some

provinces/cities, Q1/2018

Source: VIRAC, VITIC

Polypropylene supply - demand in Vietnam, 2010 – Q1/2018e




No. Company Sales (ton/year) Market share

LLDPE, LDPE, HDPE, PP distribution figures in the northern market,

2014-2015



Source: VIRAC, HCD

Source: VIRAC, HCD Source: VIRAC, GSO

PP production and consumption of Binh Son Oil

Refinery, 2013 - 6M/2017


71

Source: VIRAC, MOIT, GSO

Source: VIRAC, MOIT, GSO

Thousand

tons



Polymer consumption in Vietnam, 2010 – Q1/2018e

Market share of plastic additives, 2017


72

Source: VIRAC, GDVC

Source: VIRAC, GDVC

Thousand

tons

USD

million

Plastic resins imports, 2010 – Q1/2018



Plastic material importing market, Q1/2018


73

Source: VIRAC, GDVC



Source: VIRAC, GDVC

Top largest raw plastic resins importing enterprises, Q1/2018

Plastic material import structure by type, Q1/2018


74



Source: VIRAC, GDVC

Imports of some polymer types, 2012 – Q1/2018e

Polymer

type

2012 2013 2014 2015 2016 2017 Q1/2018

Volume

(ton)

Value

(USD

thousand)

Volume

(ton)

Value

(USD

thousand)

Volume

(ton)

Value

(USD

thousand)

Volume

(ton)

Value

(USD

thousand)

Volume

(ton)

Value

(USD

thousand)

Volume

(ton)

Value

(USD

thousand)

Volume

(ton)

Value

(USD

thousand)

PE

PP

PVC

PET

EVA

PS


75



Source: VIRAC, GDVC

Source: VIRAC, GDVC

Top largest PE importing enterprises, Q1/2018

Top largest PP importing enterprises, Q1/2018


76

Source: VIRAC, GDVC



USD

million

Source: VIRAC, GDVC

Polymer exporting value, 2012 – Q1/2018

Polymer importing market structure by value, Q1/2018

Source: VIRAC, GDVC

Polymer importing market structure by volume, Q1/2018


77

Source: VIRAC, GDVC

USD millionPP & PE export value, 2012 – Q1/2018

Source: VIRAC, GDVC



Source: VIRAC, GDVC

Top 10 largest plastic materials importing enterprises, Q1/2018

Plastic resins export structure by type, Q1/2018


78

Source: VIRAC, GDVC

Source: VIRAC, GDVC



Top largest PP importing enterprises, Q1/2018

Top largest PP exporting enterprises, Q1/2018


79


3. Raw plastic resins – 3.4 Production technology


80

TABLE OF CONTENTS


1. Industry scale

2. Input materials


4. Synthetic rubber


81

Source: VIRAC, UN Comtrade, GDVC



USD million

Synthetic rubber import and export, 2011 – Q1/2018e


82



Source: VIRAC, GDVC

Source: VIRAC, GDVC

Export market structure of synthetic rubber, 2017e

Import market structure of synthetic rubber, 2017e


83



Source: VIRAC, GDVC

Source: VIRAC, GDVC

Top 10 largest synthetic rubber exporters

Top 10 largest synthetic rubber importers


84

TABLE OF CONTENTS


1. Industry scale

2. Input materials


4. Synthetic rubber


85



Source: VIRAC, Indexmundi

USD/barrel USD/mmbtu

Source: VIRAC, Plastic Europe

USD/ton

World crude oil average price, 2014 -4/2018

Monomer price volatility, 5/2017 - 4/2018Content is intentionally removed for demo purpose

TABLE OF CONTENTS

Part IV. Industry risks

1. Industry risks

2. SWOT analysis

86


1. Industry risks

87



1. Industry risks

88


TABLE OF CONTENTS


1. Industry risks

2. SWOT analysis

89

Strengths Weaknesses

Opportunities Challenges

90


2. SWOT analysis


91

TABLE OF CONTENTS

Part V. Industry trend, forecast and planning

1. Industry development trend

2. Forecast for Global market

3. Forecast for Vietnam market

4. Industry development planning

Source: VIRAC, European Bioplastic


1. Industry trend

Bioplastic production capacity in the world,

2012 - 2018F

92


93

TABLE OF CONTENTS






Source: VIRAC, IHS


2. Global market forecast

Global PP & PE demand growth, 2014 – 2019f

94




95


Source: VIRAC, Polymerupdate



96

Time Company Capacity Location

Synthetic rubber production projects in Asia, 2012 - 2016


97

TABLE OF CONTENTS






98




99



Source: VIRAC, MOIT

No. Project name Location

Investment information

Capacity (1.000

ton/year)

Capital (USD

million)Investment time

Oil refinery projects, 2011 - 2020


100

TABLE OF CONTENTS






101

Source: VIRAC

Project Location Capital Capacity (million tons/year)

Some petrochemical refining projects in Vietnam, 2010 - 2020




Source: VIRAC, GDVC

Source: VIRAC, VPA


4. Vietnam's market forecast

Plastics consumption per capita, 1989 – 2020F

Plastic export turnover, 2010 – 2017e

102


Source: VIRAC, MOIT

2013 2014F 2015F 2016F 2017F 2018F CAGR

Demand forecast for tires in Vietnam, 2013 – 2018F



103


Source: VIRAC,

PP and PVC production capacity forecast, 2016 – 2021f



104


Thousand tons/year

TABLE OF CONTENTS

Part VI. Enterprise analysis

1. Enterprise introduction

2. Financial analysis

105


6.1 Enterprise introduction

106

Company Logo

Total asset

(VND

billion)

Revenue

(VND billion)General information

Tpc Vina Plastics

and Chemicals Co.,

Ltd

AGC Vietnam

Chemicals Co., Ltd

Polysterene

Vietnam Co., Ltd

Tin Kim Plastics JSC

Toyo Ink

Compounds

Vietnam Co., Ltd



6.1 Enterprise introduction

107

Company Logo

Total asset

(VND

billion)

Revenue

(VND billion)General information

Resinoplast

Vietnam Co., Ltd

Dainichi Color

Vietnam Co., Ltd

Viet Thai

PLASTCHEM Joint

Venture Co., Ltd


108

TABLE OF CONTENTS


1. Enterprise introduction

2. Financial analysis

Net revenue, 2015 - 2016

Part VI. Business analysis

6.2 Financial analysis – Business performance

109


Gross profit, 2015 - 2016



110


Self-financing rate, 2015 - 2016



111


Financial expenses, 2015 - 2016



112


Total assets ratio, 2015 - 2016


6.2 Financial analysis – Financial indicators

113


Fixed assets ratio, 2015 - 2016



114


Total debt / equity, 2015 - 2016



115


Profit ratio, 2015 - 2016



116


Payment indicators of enterprises, 2015 - 2016


6.2 Financial analysis – Payment indicators

117


118

TABLE OF CONTENTS

Part VII. Appendix of financial statements

BALANCE SHEETS

Unit: VND million

2015 2016

A. CURRENT ASSETS

I. Cash and cash equivalents

II. Short-term Investments

III. Account Receivable

1. Trade receivable

2. Advances to suppliers

IV. Inventories

V. Other current assets

B. NON-CURRENT ASSETS

I. Fixed assets

II. Long-term Investments

III. Other long-term assets

TOTAL ASSETS

A. LIABILITIES

I. Current Liabilities

1. Short-term loans

2. Trade payables

II. Non current Liabilities

2. Long-term loans

B. OWNER’S EQUITY

C. MINORITY INTEREST

TOTAL LIABILITIES AND OWNERS’EQUITY

INCOME STATEMENT

Unit: VND million

2015 2016

Net Revenue from Sale of goods and services

Cost of good sold

Gross Profit

Financing income

Financial expense

Interest Expenses

Selling Expenses

General & adminitrative expenses

Operating profit

Other Income

Other Expenses

Other Profits

Profit from associate & venture companny

Total Profit Before Tax

Current corporate Income Tax Expense

Deferred Income Tax Expense

Net Profit After Tax

CASH FLOW STATEMENT

Unit: VND million

2015 2016

I. Cash Flow From Operating activities

Net Cash Flow From Operations

II. Cash Flow From Investing activities

Cash Flow From Investing activities

III. Cash Flow From Financing activities

Cash Flow From Financing actvities

Net Cash Flow in the period

Cash and cash equivalents at beginning of year

Influence Of Exchange Rate Differences

Cash and cash equivalents at end of year

119

APPENDIX

TPC VINA Plastic and Chemical Corporation Limited


CASH FLOW STATEMENT

Unit: VND million

2015 2016











BALANCE SHEETS

Unit: VND million

2015 2016

A. CURRENT ASSETS




1. Trade receivable


IV. Inventories



I. Fixed assets



TOTAL ASSETS

A. LIABILITIES


1. Short-term loans

2. Trade payables


2. Long-term loans

B. OWNER’S EQUITY



INCOME STATEMENT

Unit: VND million

2015 2016


Cost of good sold

Gross Profit

Financing income

Financial expense

Interest Expenses

Selling Expenses


Operating profit

Other Income

Other Expenses

Other Profits






120

APPENDIX

Resinoplast Vietnam Company Limited


121

APPENDIX

SIK Vietnam Company Limited

CASH FLOW STATEMENT

Unit: VND million

2015 2016











BALANCE SHEETS

Unit: VND million

2015 2016

A. CURRENT ASSETS




1. Trade receivable


IV. Inventories



I. Fixed assets



TOTAL ASSETS

A. LIABILITIES


1. Short-term loans

2. Trade payables


2. Long-term loans

B. OWNER’S EQUITY



INCOME STATEMENT

Unit: VND million

2015 2016


Cost of good sold

Gross Profit

Financing income

Financial expense

Interest Expenses

Selling Expenses


Operating profit

Other Income

Other Expenses

Other Profits







122

APPENDIX

Vietnam Polystyrene Company Limited

CASH FLOW STATEMENT

Unit: VND million

2015 2016











BALANCE SHEETS

Unit: VND million

2015 2016

A. CURRENT ASSETS




1. Trade receivable


IV. Inventories



I. Fixed assets



TOTAL ASSETS

A. LIABILITIES


1. Short-term loans

2. Trade payables


2. Long-term loans

B. OWNER’S EQUITY



INCOME STATEMENT

Unit: VND million

2015 2016


Cost of good sold

Gross Profit

Financing income

Financial expense

Interest Expenses

Selling Expenses


Operating profit

Other Income

Other Expenses

Other Profits







123

APPENDIX

AGC Chemicals Vietnam Company Limited

CASH FLOW STATEMENT

Unit: VND million

2015 2016











BALANCE SHEETS

Unit: VND million

2015 2016

A. CURRENT ASSETS




1. Trade receivable


IV. Inventories



I. Fixed assets



TOTAL ASSETS

A. LIABILITIES


1. Short-term loans

2. Trade payables


2. Long-term loans

B. OWNER’S EQUITY



INCOME STATEMENT

Unit: VND million

2015 2016


Cost of good sold

Gross Profit

Financing income

Financial expense

Interest Expenses

Selling Expenses


Operating profit

Other Income

Other Expenses

Other Profits







124

APPENDIX

Toyo Ink Compounds Vietnam Company Limited

CASH FLOW STATEMENT

Unit: VND million

2015 2016











BALANCE SHEETS

Unit: VND million

2015 2016

A. CURRENT ASSETS




1. Trade receivable


IV. Inventories



I. Fixed assets



TOTAL ASSETS

A. LIABILITIES


1. Short-term loans

2. Trade payables


2. Long-term loans

B. OWNER’S EQUITY



INCOME STATEMENT

Unit: VND million

2015 2016


Cost of good sold

Gross Profit

Financing income

Financial expense

Interest Expenses

Selling Expenses


Operating profit

Other Income

Other Expenses

Other Profits







125

APPENDIX

Viet Thai Plastchem Company Limited

CASH FLOW STATEMENT

Unit: VND million

2015 2016











BALANCE SHEETS

Unit: VND million

2015 2016

A. CURRENT ASSETS




1. Trade receivable


IV. Inventories



I. Fixed assets



TOTAL ASSETS

A. LIABILITIES


1. Short-term loans

2. Trade payables


2. Long-term loans

B. OWNER’S EQUITY



INCOME STATEMENT

Unit: VND million

2015 2016


Cost of good sold

Gross Profit

Financing income

Financial expense

Interest Expenses

Selling Expenses


Operating profit

Other Income

Other Expenses

Other Profits







126

APPENDIX

Tin Kim Plastic Joint Stock Company

CASH FLOW STATEMENT

Unit: VND million

2015 2016











BALANCE SHEETS

Unit: VND million

2015 2016

A. CURRENT ASSETS




1. Trade receivable


IV. Inventories



I. Fixed assets



TOTAL ASSETS

A. LIABILITIES


1. Short-term loans

2. Trade payables


2. Long-term loans

B. OWNER’S EQUITY



INCOME STATEMENT

Unit: VND million

2015 2016


Cost of good sold

Gross Profit

Financing income

Financial expense

Interest Expenses

Selling Expenses


Operating profit

Other Income

Other Expenses

Other Profits







127

APPENDIX

Dainichi Color Viet Nam Company Limited

CASH FLOW STATEMENT

Unit: VND million

2015 2016











BALANCE SHEETS

Unit: VND million

2015 2016

A. CURRENT ASSETS




1. Trade receivable


IV. Inventories



I. Fixed assets



TOTAL ASSETS

A. LIABILITIES


1. Short-term loans

2. Trade payables


2. Long-term loans

B. OWNER’S EQUITY



INCOME STATEMENT

Unit: VND million

2015 2016


Cost of good sold

Gross Profit

Financing income

Financial expense

Interest Expenses

Selling Expenses


Operating profit

Other Income

Other Expenses

Other Profits







REPORT DISCLAIMER

REPORT DISCLAIMER

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Documents

PLASTICS RESIN AND SYNTHETIC RUBBER INDUSTRY REPORT …€¦ · Executive summary 4 • Primeval plastics and synthetic rubber are important input materials for many industries, especially