DAC: Explanation for the difference between FS in brief QIV/2008 and AFS 2008
Viglacera Dong Anh JSC explained the difference between financial statement in brief QIV/2008 and audited financial statement 2008 as follows:
- Profit before tax 2008: VND 10,287,885,275
- Profit before tax 2008 (audited financial statement): VND 11,420,367,790
- Difference: VND 1,132,482,515
- Reasons:
+ Revenue increased: VND 105,856,797
· Internal revenue decreased: VND 92,560,900
· Financial income increased: VND 198,417,697
+ Expenses decreased: VND 1,026,625,718
· Cost of goods sold decreased: VND 781,139,832
· Expenses of provision for bad receivables decreased: VND 245,485,886
+ Conclusion:
· After being audited, total profit before tax increased by VND 1,132,482,515
· Income tax payable increased by VND 281,498,449 (because profit increased so income tax payable increased)
· Profit after tax increased by VND 850,984,066
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