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Wednesday, 04/07/2012 11:28

PVS: Explanation for difference of profit after tax in Financial Statement 2011 before and after auditing

            PetroVietnam Technical Services Corporation explained the difference of profit after tax in Financial Statement 2011 before and after auditing as follows:

-       Total accounting before tax increased by VND1.2 billion due to amendment of revenue and expenses.

-       Income tax payable decreased by VND15.1 billion:

+ Reclassification of decreased profit from other income (25% tax) to increased profit from operation (12.5% of tax). Thus, income tax payable decreased by VND15.1 billion, profit after tax increased by VND15.1 billion

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