CSC: Explanation for difference in FS 2010 before and after auditing

Thanh Nam Construction and Investment Joint Stock Company explained difference in financial statement (FS) 2010 before and after auditing because of adjustment of following creterias.:

1. Gross profit from sale of merchandise:

- Before auditing: VND24,152,407,028

- After auditing: VND24,143,246,308

- Decrease differences: VND9,160,720

- Reasons:

+ Gross profit of parent company increased: VND167,886,407

+ Gross profit of subsidiary company decreased: VND177,047,118

2. Financial income:

- Before auditing: VND5,597,020,325

- After auditing: VND6,922,893,905

- Increase differences: VND1,325,873,580

- Reasons:

+ Financial income of parent company increased: VND1,695,032,466

+ Financial income of subsidiary decreased: VND418,841,114

3. Financial expenses:

- Before auditing: VND3,478,611,351

- After auditing: VND3,401,861,884

- Decrease differences: VND76,749,467

- Reasons:

+ Setting up provision and write-back of investment from parent company to subsidiary and joint-ventures

4. General and administration expenses:

- Before auditing: VND9,914,489,190

- After auditing: VND9,938,931,290

- Decrease differences: VND24,442,100

- Reasons:

+ Additional accounting at office cost after auditing of Subsidiary

5. Other income:

- Before auditing: VND122,437,408

- After auditing: VND56,754,576

- Decrease differences: VND65,682,832

- Reasons:

+ Decrease accounting at office cost after auditing of Subsidiary

6. Other expenses:

- Before auditing: VND0

- After auditing: VND19,494,781,328

- Increase differences:Reasons:

+ Profit from Joint-Ventures: VND19,804,222,596, including:

+ Profit from Thanh Nam Dercor Joint Stock Company: VND74,099,177

+ Profit from Thanh Nam Investment and Construction Joint Stock Company: VND24,681,462

+ Profit from HUDLAND Real Estate Investment and Development Joint Stock Company: VND20,117,589,663

+ Profit from Thanh Nam Investment and Development Technology Joint Stock Company: VND10,322,680

+ Loss from Thanh Nam Industrial and Civil Construction Joint Stock Company: VND192,862,567

+ Loss from Thanh Nam Glass Company Limited: VND229,607,819

+ Loss from Joint-Ventures: Coma Land Real Estate Investment and Development Joint Stock Company: VND309,441,268.

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