Wednesday, 01/09/2010 18:07

PVF: Explanation for difference in the financial statement

Petrovietnam Finance Joint Stock Corporation (PVFC) has explained difference in the financial statement before and after examination as follows:

 

Items in the financial statement  set by PVFC

Items in the financial statement adjusted after examination

Loans

Loans and advance

Loans

Loans

 

Advanced loans to customers

Provision of loans to customers

Provision of loans and advanced loans

Other assets

Other assets

Receivables

 

Outside receivables

 

In advance

 

Deferred payment for advanced loans

 

Provision of on-balance assets

Provision of on-balance assets

Provision of advanced loans to customers

 

Adjustment of items in the financial statement has not changed total assets of the company. It followed the accounting standard and instruction of the State Bank of Vietnam.

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