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PVA: Business explanation
PetroVietnam Nghe An Construction JSC (HOSE: PVA) explained difference in profit after tax in the Reviewed financial statement 2011 and Quarter II.2011 (consolidated) as follows:
- Profit in Consolidated Financial Statement QII.2011: VND 10,651,415,047
- Profit in Reviewed Financial Statement 2011 (Consolidated): VND 64,246,680
Therefore, profit after tax in Reviewed Financial Statement (Consolidated) decreased by VND 10,587,168,367 compared to Consolidated Financial Statement Quarter II.2011. Reason for that is influence of reviewed result of subsidiary on consolidated financial statement of holding company
12–9 Cement Joint Stock Company adjusted to decrease by VND 10,211,167,381 including:
+ Selling expenses wasn’t transferred: VND 724,467,529
+ General and administrative expenses: VND 5,320,794,852
+ Cost of goods sold: VND 1,865,905,000
+ Depreciation of assets: VND 2,300,000,000
+ Other adjustments: VND 376,000,986
+ Total: VND 10,587,168,367.
HNX
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