Song Da 1.01 JSC explained the difference of profit after tax in Financial Statement 2011 before and after auditing as follows:
- Profit from merchandises after auditing increased by VND212,237,533 due to increase of revenue and cost of goods from House of Hemisco project and CT1 Van Khe – Ha Dong project.
- Financial income decreased by VND262,970,490 due to increase of interest expense
- General and administration expense increased, profit decreased by VND665,437,989 due to increase of allowance for uncollectible accounts and additional devise of tools and equipment.
- Income tax payable decreased , profit increased by VND672,396,586 due to addition of 30% of deductible tax under the law.
- The profit after tax 2011 after auditing decreased by VND43,774,361 compared to the Financial Statement before auditing
