VE9: Explanation for exception in audited financial statement 2009

In audited financial statement 2009, the auditors asked to set up contingency for bad debt and tax fine. VNECO 9 Electricity Construction JSC explained as follows:

For the investment in Tu Bong mineral factory, it is expected that in quarter 2/2010, establishment and business registration of the joint venture will be completed, then this receivable amount will be an investment.

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