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TV1: Explanation for consolidated financial statement in Quarter 4.2011
Power Engineering Consulting Joint Stock Company 1 explained some figures in the consolidated financial statement in Quarter 4/2011 as follows:
1. Other long-term borrowing and debts increased by VND204,729,087,048 (278%)
2. Short-term borrowing and debts increased by VND156,722,281,0958 (77%)
3. Interest expenses increased by VND16,885,951,445 (65%).
Reason: The economic difficult in 2011 leading to obstacles in collecting debts from customers. Wherefore, the company mobilized a capital from various source including salary of the employees to meet of production demand.
4. Capital decreased by VND34,813,952,614 because to paying VND26,100,000,000 for odd shares and distributing VND8,713,952,614 to the company’s branches and blocks, including:
+ Investment and development fund: VND3,682,082,869
+ Financial reserve fund: VND1,222,020,67
+ Other funds: VND500,000,000
+ Bonus and welfare fund: VND3,309,848,778.
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