Profit after tax after auditing is VND 0 in comparision to that before auditing VND 2,737,868,948

Reasons:

-           According to the Circular No.201/2009/TT-BTC issued by Ministry of Finance, when preparing FS 2011 on January 16, 2012 we allocated overall loss of foreign exchange rate differences from revaluation of closing balance of long-term loans in foreign currencies arising in the fisccal year to business result of year 2011, thus profit after tax gained VND 2,737,868,948.

-          However according to Guilines No.322/UBCK-QLPH dated  February 04, 2012 from the State Securities Commission, to ensure the precautionary principle, SSC recommended listed companies who applied Circular No.201/2009/TT-BTC during preparation of FS 2011 not to allocate interest in trading result of year 2011 for losses from revaluation of foreign exchange rate differences of long-term loans in foreign currencies. Thus, the unallocated losses of VND 3,318,629,028 in 2009 and 2010 of foreign exchange rate differences from revaluation of balance of long-term loans in foreign currencies were reallocated in FS 2011 after auditing that caused the company’s business result to have no interest.