|
KLS: Explanation for incorrect information on the Internet
Kim Long Securities Corporation explained incorrect information on the Internet on 04/ 08/2011 as below:
1. Reviewed Financial Statement 2011 of the Company was made based on regulations on accounting and audited by Vietnam BDO Company Limited. Item “ Cash and cash equivalent” in Balance Sheet valuing VND 1,794,750,453,922 was deposited in many commercial banks and wasn’t used to correspond with any borrowings.
2. Off-Balance sheet items reflect current asset in the Company but they don’t belong to the Company’s ownership and they are only supervised for management duties. The items noted “Single” method have no contra accounts. As a rule, off-balance sheet items don’t reflect financial situation of the Company so they aren’t put in Balance sheet.
-Item “Pledged securities” (VND 1,648,977,340,000) reflects value of securities owned by investors opening trading account and depositing at KLS. The investors’ pledged securities in commercial bank and KLS only play a role as a support in blocking pledged securities at Vietnam Securities Depository as required by commercial banks.
3. We affirmed that principal shareholders, member of the BOD, Supervisory Board and Management Board still hold whole of KLS shares and don’t pledge them in any commercial banks.
hnx
|
