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VKP: Explanation of figure difference
On July 7, 2008, Viky Plastic Joint Stock Company (stock symbol: VKP) explained different figures in Audited Financial Statements 2007 and Tax Finalization Report 2007 as follows:
As Audited Financial Statements 2007 on March 24, 2008:
A/ Revenue: Unit: VND
1/ Revenue : 225,000,484,855
2/ Financial income : 1,544,895,917
3/ Other income : 828,220,579
Total revenue : 227,373,601,351
B/ Total production expenses:
1/ Cost of goods sold : 198,956,017,578
2/ Selling expenses : 2,407,497,383
3/ General and administrative expenses : 5,515,859,846
4/ Financial expenses : 5,349,907,636
5/ Other expenses : 89,918,147
Total expenses : 212,319,200,590
C/ Profit before tax : 15,054,400,761
D/ Corporate income tax : 2,258,160,114
E/ Profit after tax : 12,796,240,647
As Tax Finalization Report of Tax Authority on May 26, 2008:
A/ Total revenue : 227,373,601,351
B/ Total production expenses
1/ Cost of goods sold : 198,956,017,578
2/ Selling expenses : 2,407,497,383
3/ General and administrative expenses : 5,427,582,098
4/ Financial expenses : 5,349,907,636
4/ Other expenses : 89,918,147
Total expenses : 212,230,922,842
The total expenses decreased by VND88,277,748 because there were some expense adjustments in general and administrative expenses.
C/ Profit before tax : 15,142,678,509
D/ Corporate income tax : 3,028,535,702
The corporate income tax increased by VND770,375,588 because the company reckoned that the corporate income tax was decrease 50% but Tax Authority didn’t allowed.
E/ Profit after tax : 12,114,142,807 dongs.
The increase of corporate income tax will adjusted in quarter 2 - 2008.
HoSE
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