D11: Auditor’s comment on Financial Statement
Auditing and Consulting Co., Ltd announces the comment on Financial Statement 2011 of Real Estate 11 JSC as follows:
- In 2011, Real Estate 11 JSC recorded the remain of transfer revenue from An Phu Project, District 2, Ho Chi Minh city and prepaid VND46,649,563,277 for the infrastructure expenses of the project. In which, compensation cost for land clearance was VND46,115,391,503 based on the area and unit price: VND16,214,286/m2. This unit price will be adjusted after payment with principal investor.
- Thus, operating result of 2011 will be amended if the unit price of land clearance is difference from the temporary unit price.
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