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SNG: Explanation for difference in financial statement 2009 before and after auditing
Song Da No 10.1 Joint Stock Company (HNX: SNG) explained difference in financial statement 2009 before and after auditing as follows:
I. Income statement:
1. Profit before auditing: VND 22,783,751,707
2. Profit after auditing: VND 22,409,207,097
3. Decrease: VND 374,544,610
4. Cause:
• Increase in General and administration expenses: VND 320,833,332
• Increase in Income tax payable: VND 53,711,278
II. Balance sheet:
1. Total assets:
• Before auditing: VND 255,917,514,793
• After auditing: VND 260,742,056,600
• Increase: VND 4,824,541,807
• Cause:
- Increase in Receivables from customers: VND 5,145,375,139
- Decrease in Historical cost of Intangible fixed assets: VND 1,900,000,000
- Decrease in Accumulated Amortization of Intangible fixed assets: VND 879,166,668
- Increase in Long-term Prepaid Expenses: VND 700,000,000
2. Total Resources:
• Before auditing: VND 255,917,514,793
• After auditing: VND 260,742,056,600
• Increase: VND 4,824,541,807
• Cause:
- Increase in Tax Payables & Payables to Government: VND 5,199,086,417
- Decrease in Retained earnings: VND 374,544,610.
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