|
VC5: Explanation for difference in financial statement Year 2011 before and after auditing Construction JSC No. 5 explained difference in financial statement 2011 before and after auditing as follows: |
|
Items |
Before auditing |
After auditing |
Difference (+/-) |
|
Gross sales of merchandise and services |
835,665,561,609 |
841,665,860,041 |
6,000,298,432 |
|
Cost of goods sold |
783,483,827,115 |
772,007,630,184 |
-11,476,196,931 |
|
Gross profit from sale of merchandise and services |
52,181,734,494 |
69,658,229,857 |
17,476,495,363 |
|
Financial expenses |
20,498,102,392 |
38,056,239,891 |
17,558,137,499 |
|
General and administration expenses |
20,593,707,262 |
20,503,433,961 |
-90,273,301 |
|
Accounting profit (loss) before tax |
16,163,224,165 |
16,171,855,330</P> |
8,631,165 |
|
Income tax payable |
3,916,468,042 |
3,918,625,834 |
2,157,792 |
|
Profit (loss) after tax |
12,246,756,123 |
12,253,229,496 |
6,473,373 |
Reasons:
- Revenue increased due to amendment of revenue of construction Ha Long Coal Company
- Cost of goods sold decreased because the auditor did not approve the financial expense and construction expenses
- Gross profit from sale of merchandise and services increased due to increase of revenue and decrease of cost of goods sold. | HNX
