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HTP: Explanation for difference of profit after tax in Financial Statement 2011 before and after auditing Hoaphat Textbook Printing JSC explained the difference of profit after tax in Financial Statement 2011 before and after auditing as follows: |
Unit: VND
|
No. |
Items |
Before auditing |
After auditing |
Difference |
|
1 |
Profit before tax |
1,575,804,364 |
1,682,046,604 |
106,242,240 |
|
2 |
Corporate Income tax |
351,432,006 |
381,836,183 |
30,404,177 |
|
3 |
Profit after tax |
1,224,372,358 |
1,300,210,421 |
75,838,063 |
Reasons:
- Adjustment in salary unit cost from VND4/ VND1 unit of Profit before tax to VND3.7/ VND1 unit of Profit before tax
- The auditor recalculate Income from main business and Other Income to calculate Corporate Income tax. In which, the Apportion for financial investment reserve was redefined from expenses for Other Income to expenses for main business. | HNX
