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Monday, 04/06/2012 11:28

TV4: Explanation for difference in financial statement Year 2011 before and after auditing

Power Engineering Consulting JSC No.4 explained difference in financial statement 2011 before and after auditing as follows:

-       Accumulated profit after tax before auditing: VND19,642,322,005

-       Accumulated profit after tax after auditing: VND19,551,025,187

-       Difference: VND91,306,818

Reason: The company did not exclude the expenses not deductible (VND365,227,271) in determining taxable income. Income tax payable is VND91,306,818, therefore, profit after tax 2011 decreased.

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