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Thursday, 05/07/2012 14:39

TLC: Explanation for negative profit in financial statement Year 2011

Thang Long Telecommunications JSC explained the negative profit after tax in financial statement 2011 (consolidated) as follows:

 

The loss was –VND35,908,066,846. In which:

-       Profit from operation: -VND11,075,498,868

+ Depreciation expenses allocated to the products was high.

+ Fluctuation of inputs prices 

-       Profit from trading: -VND11,355,329,661

+ Declined quality of inventories

+ Due to unfavorable market situation, the company had to liquidate earlier

-       Other expenses: -VND13,840,712,102 included:

+ Depreciation expense of fixed assets

+ Remained value of liquidation

+ Other expenses

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