DCT: Explanation for a difference in the financial statement quarter 2/2009
Dongnai Roofsheet and Construction Material Joint Stock Company (DCT: DONAC) has explained a difference in the financial statement quarter 2/2009 before auditing and after auditing as follows:
Unit: VND1,000,000
Items
Before audit
After audit
(+/-) % Change
Net revenue
137,502
0%
Profit after tax
18,904
20,855
+10.32%
Reasons:
In the beginning 2007, DONAC signed a construction contract of Nhon Trach Cement Factory (*) with China-Building International Corp. with total value USD30.6 million and DONAC opened an L/C at Main Transaction Office II of Vietin Bank with a deposit of 10% contract value. In June 2009, the audited firm revalued the remains of the deposit on the exchange rate. Therefore, there was a change of increasing VND1,950 billion of profit after tax in audited statements.
As at June 2009, DONAC reached VND137,502 billion of total revenue (76.39% of the 2009 plan) and VND28,179 billion of the profit before tax (78.27% of the 2009 plan).
(*) Temporary translation
hose
> OPC: Business Result in the first eight months of 2009 (30/09/2009)
> VFC: Trading result of affiliated person (Mr.Trinh Anh Tuan) (30/09/2009)
> DDM: Transaction of inside shareholder (Mr. Nguyen Van Luc) (30/09/2009)
> DIC: Trading result of inside shareholde (Mr. Nguyen Thanh Hung) (30/09/2009)
> HLA: Trading result of inside shareholder (Mr. Phan Van Thom) (30/09/2009)
> HLA: Transaction of inside shareholder (Khuu Kim Thoa) (30/09/2009)
> SFI: Trading result of inside shareholder (Mr. Tran Nguyen Hung) (30/09/2009)
> SAV: Transaction of inside shareholder (Ms. Khong Kim Mai) (30/09/2009)
> TMS: Trading result and transaction of inside shareholder (Mr. Bui Tuan Ngoc) (30/09/2009)
> TTF: Trading result of inside shareholder (Mr.Huynh Phu Quoc) (30/09/2009)