TLT: Explanation for difference in operating result after auditing
Viglacera Thanglong Ceramic Tiles JSC made 2008 operating result, in which the company suffered a loss of VND 68,972,751,998. After auditing the loss was VND 96,307,822,686 with a difference of VND 27,335,070,688. The company explained as follows:
1. Set up cost provision:
- Bad debt provision: VND 2,596,985,483
- Provision for devaluation of stocks: VND 15,430,943,297
- Unemployment allowance provision: VND 79,714,800
2. Foreign exchange differences: VND 11,883,109
3. Supplemented prepaid expense and transport expense: VND 4,357,642,557 and VND 1,326,131,079.
4. Supplemented depreciation cost of fixed asset: VND 3,555,536,581
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