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SDT: Explanation for difference in audited FS 2009
Song Da No.10 JSC explained the difference in operating result in audited FS 2009 as follows:
Profit before auditing: VND 119,288,732,398
Profit after auditing: VND 119,738,654,001
Difference: VND 449,921,603
Reason:
- Increase in Profit of SDT: VND 930,479,813
- Decrease in Profit from connected companies: VND133,326,740
- Decrease in Profit due to the apportion for commercial advantage: VND 347,231,470
The change in the company’s profit of 2009 is due to the adjustment of the following accounts:
1. Costs of goods sold:
- Before auditing: VND 694,468,633,769
- After auditing: VND 694,302,185,301
- Difference: VND – 166,448,468
Reasons:
- Over apportion for Social insurance: VND 62,740,219
- Reclassify of costs for Son La: VND 8,780,108
- Decrease in payables: VND 407,256,136
- Decrease in Motorcycle insurance costs in 2010: VND 236,461,769
- Decrease in Depreciation costs: VND 751,408,291
- Increase in labor costs: VND 349,337,605
- Increase in costs of goods sold in Song Da 10.1: VND 950,860,450
2. Financial income
- Before auditing: VND 10,919,437,924
- After auditing: VND 9,248,253,583
- Difference: VND -1,671,184,341
Reasons:
- Incorrect record of bank’s interest: VND 251,184,341
- Reimburse of interests from connected companies: VND 1,420,000,000
3. Financial costs
- Before auditing: VND 16,954,130,611
- After auditing: VND 15,752,085,820
- Difference: VND -1,202,044,791
Reasons:
- Decrease of loan interests due to over collect: VND 251,184,341
- Decrease in financial costs in Song Da 10.1: VND 950,860,450
4. Administration costs :
- Before auditing: VND 43,955,248,339
- After auditing: VND 44,568,099,514
- Difference: VND 612,851,175
Reasons:
- Apportion for bad debts: VND 184,584,597
- Apportion for unemployment allowance: VND 63,855,954
- Apportion for Social insurance: VND 17,179,154
- Apportion of commercial advantage costs: VND 347,231,470
5. Other income
- Before auditing: VND 17,669,902,255
- After auditing: VND 17,748,692,855
- Difference: VND 78,790,600
Reasons:
- Reimburse of provision for bad debts: VND 78,790,600
6. Profit and loss from connected companies
- Before auditing: VND 1,600,992,799
- After auditing: VND 2,887,666,059
- Difference: VND 1,286,673,260
Reasons:
- Reimburse of dividend of 2009: VND 1,420,000,000
- Decrease in profit of connected companies: VND 133,326,740.
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