PLC: QII/2011 Business Explanation

Petrolimex Petrochemical JSC explained difference in profit after tax in the Reviewed financial statement 2011 and Quarter II.2011 as follows:

- Accumulated Profit after tax in Financial statement Quarter II.2011: VND88,265,206,541

- Profit after tax in Reviewed financial statement 2011: VND148,672,844,386

- Difference: VND60,407,637,845

Reasons for the difference:

1. Financial income in the Reviewed financial statement 2011 increases by VND58,037,659,944. This income was realized last year transferred to the Company by subsidiaries in first half of 2011. In the Financial statement Quarter II.2011, this amount has not been accounted

2. In Reviewed financial statement 2011, there is an increase in provision for investment in subsidiaries of VND497,159,682

3. Income tax payables in Reviewed financial statement 2011 decreases by VND2,867,137,583 as the Company wrote back provisions and this amount is not taxed

These adjustments increase the profit after tax in Reviewed financial statement by VND60,407,637,845 compared to Financial statement Quarter II.2011.

HNX

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