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Thursday, 05/07/2012 17:17

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

Solavina JSC explained the difference of profit after tax in Financial Statement 2011 before and after auditing as follows:

-       The 2011 Quarter IV financial statement has taken into account the corporate income tax of the first three quarters of 2011. Meanwhile, the operating results of Quarter IV is profit loss, therefore accumulated profit of the whole year will be less than accumulated profit of the first three quarters. Corporate income tax of 2011 will be less than accumulated profit of the first three quarters. For this reason, during the audit, the company has adjusted profit after tax, causing the profit after tax being higher than before the audit.

 

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