SVC: Explanation for difference in profit 2011 before & after auditing

Saigon General Service Corporation has explained the fluctuation in the 2011 consolidated profit and loss before and after auditing as follows:

1. Consolidated total income, cost of goods sold, financial expenses after auditing changed to before auditing because of adjustment of internal transactions and because the company reclassified expenses in subsidiaries.

2. Consolidated profit after tax rose VND6,675,531,059 mainly because:

+ Profit after tax increased VND5.7 billion thanks to the decrease in transfer cost of investment in a joint venture (affecting the account “Financial income from joint ventures”).

+ Profit after tax after auditing in joint ventures increased leading consolidated profit after tax rose VND900 million.

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>   NVS: Link to the 2011 Audited Financial Statements (03/04/2012)

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>   PSI : Procedure for Closure of Branches (03/04/2012)

>   CTC: Time and Place for Annual General Meeting of Shareholders (29/03/2012)

>   CSC: Change in time for Annual General Meeting of Shareholders 2012 (29/03/2012)

>   C92: Change in time for Annual General Meeting of Shareholders 2012 (29/03/2012)

>   SDT: Time and Place for Annual General Meeting of Shareholders (29/03/2012)

>   SDA: Time and Place for Annual General Meeting of Shareholders (29/03/2012)

>   SDP: Time and Place for Annual General Meeting of Shareholders (29/03/2012)

>   PXM: Resolution on organizing the AGM 2012 (28/03/2012)