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TNT: Adjusting business result in Q2/2010
Tai Nguyen Corporation has explained of adjusting business result in Q2/2010 as follows:
|
Code |
Items
(Unit: VND) |
Q2/2010 (unadjusted figures) |
Q2/2010 (adjusted) |
Difference
|
|
21 |
Financial income |
496,652,592 |
594,430,370 |
97,777,778 |
|
24 |
Selling expenses |
24,720,000 |
27,192,000 |
2,472,000 |
|
25 |
General & administrative expenses |
917,883,258 |
916,470,530 |
-1,412,728 |
|
32 |
Other expenses |
401,540 |
1,540 |
-400,000 |
|
50 |
Pre-tax profit |
6,985,831,770 |
7,082,950,276 |
97,118,506 |
|
51 |
Current corporate income tax expenses |
1,746,557,943 |
1,770,737,569 |
24,179,626 |
|
60 |
After-tax profit |
5,239,273,827 |
5,312,212,707 |
72,938,880 |
An accountant of the company inputted wrong number of loan interest and 2 invoices of expenses. This led to adjustment of pre-tax profit and corporate income tax expenses in Q2/2010.
The company explained change of business result in Q2/2010 as follows:
|
Items |
Q2/2009 |
Q2/2010 |
|
After-tax profit |
301,019,304 |
5,312,212,707 |
After-tax profit in Q2/2010 increased 1,731.52% compared to Q2/2009
Reasons:
In 2009, the company was in investment progress. From the end of 2009, it raised capital to expand production. At the beginning of 2010, it has run stably and gain optimistic sales.
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