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Monday, 16/07/2012 16:55

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

On 27/04/2012, Petrovietnam Northern Gas JSC explained difference in financial statement 2011 before and after auditing as follows:

Profit after tax after auditing decreased by 6.75% compared to that before auditing. As of 31/12/2011, the Company has owned 2.5 million of stocks of Petrovietnam finance investment and consultancy joint stock company with total investment of VND 25 billion. According on balance of owner’s equity before auditing, the auditor set up allowance for the above investment. It was the reason for the difference in financial statement Year 2011 before and after auditing.

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