STP: Explanation for difference in QII/2009 financial statement before and after auditing

Song Da Industry Trade JSC explained difference of VND 496 mil. in profit after tax in financial statement of the first 6 months of 2009 before and after auditing as follows:

1. The company wrote back provisions of 100,000 shares of Phu Tho cement JSC equivalent VND 500 mil.

2. The company calculated 2009 land fee of VND 97.3 mil. in the cost of the first 6 months of the year. However, the auditors allocated a half of it (VND 48.69 mil.) in the cost of the first 6 months, the other half in the last 6 months. Thus profit increased VND 48.69 mil.

3. The company wrote back unemployment provision of VND 12.29 mil.

4. All of these brought an increase of VND 560.9 mil. in profit before tax, and 64.97 mil. in tax. Therefore, profit after tax increased VND 496 mil

hnx

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