PVA: Explanation for difference in financial statement 2011 before and after auditing
PetroVietnam Nghe An Construction JSC explained difference in financial statement 2011 before and after auditing as follows:
Items
After auditing
Before auditing
Profit after tax
18,156,506,675
-17,500,059,569
Reasons:
- The FS before auditing did not set up the allowance for long-term and short-term investment in Petro Vietnam - Nghe An Investment & Trading Joint Stock Company and 12-9 Petroleum Cement JSC
- According to adjustment of auditors, allowance for long-term and short-term investment as of 31/12/2011 was VND38,755,978,643
+ Petro Vietnam - Nghe An Investment & Trading Joint Stock Company: VBD7,267,694,883
+ 12-9 Petroleum Cement JSC: VND31,488,283,761
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