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Tuesday, 03/07/2012 16:47

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

PetroVietnam Engineering Consultancy JSC explained difference in financial statement 2011 before and after auditing as follows:

Profit after tax after auditing decreased by VND852,720,191 compared to that before auditing.

Reasons:

Because some of our clients sent invoice later than the time we have to disclosure FS, so we missed some costs. The auditing company requested us to adjust the above expenses into expenses in period of the year 2011 and that caused a corresponding decrease of profit after tax.

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