DCS: Explanation for difference in financial statement 2011 before and after auditing

Dai Chau Joint Stock Company explained difference in financial statement 2011 before and after auditing as follows:

According to the audited Financial Statement, profit after tax is VND7.682 billion with a decrease of VND3.204 billion compared to the FS before auditing.

- Profit increased due to:

+ Refund of allowance for inventories: VND869 million

+ Decrease of allowance for investment in Joint Ventures Phu Thuong Investment JSC: VND584 million

+ Decrease of allowance for investment in Joint Ventures ECCO Co., Ltd: VND462 million

- Profit decreased due to:

+ Allowance for loss of subsidiary DC Phu Ha JSC: VND5.03 billion

+ Allowance for uncollectible accounts of Asia Khanh Huong company: VND118 million

+ Other reasons: VND656 million

hnx

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