NST: Explanation for difference between financial statement before and after review of first 6 months
In first half of the year 2009, the profit after tax before and after being audited are VND 5,112,596,082 and VND 5,882,025,151 respectively. Ngan Son JSC explained the difference between financial statements before and after review of first 6 months as follows:
- Audited profit increased by VND 807,733,221 because the Cost of goods sold decreased when distributing production expenses for inventories
- Audited profit increased by VND 64,400,000 because financial expenses decreased when company recounted short-term investments, wrote back provision for stock investments
- Income tax payable increased by VND 102,704,153
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