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Thursday, 31/05/2012 10:36

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

Sai Gon Maritime Joint Stock Co. Ltd explained difference in financial statement 2011 before and after auditing as follows:

A&C Auditing company amended the entries which affected to the company’s profit after tax as follows:

Unit: VND

-       Addition of interest loans                       : VND24,544,557

-       Refund of allowance for Phu Tan           : VND126,371,000

-       Process of inventories over 5 years       : VND13,742,110

-       Allowance for uncollectible accounts      : VND411,928,124

-       Process of outstanding debts                : VND8,729,644

-       Income following outstanding debts       : VND113,858,000

-       Decreased profit                                   : VND218,715,435
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